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25th November 2015, 05:39 PM
Super Moderator
Join Date: Apr 2013
Re: Why Is The Federal Reserve Known As The Bankers Bank

The Federal Reserve Banks are called the "bankers' banks" because they provide services to commercial banks similar to the services that commercial banks provide for their customers.

Federal Reserve Banks distribute currency and coin to banks, lend money to banks, and process electronic payments and here I will also get some information so that you can have idea about it.

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