Why the Fed Pays Interest on Banks' Reserves

Doreen Fagan

Open Vault from Federal Reserve Bank of St. Louis

Abstract: Do you have a savings account that earns interest? That's similar to how the Federal Reserve acts as the "bankers' bank," an important function.

Date: 2018-04-10
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102472

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