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Process of check clearing in federal reserve

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Reference no: EM13343375

How does the system work now, present day process of check clearing in Federal Reserve.

Need a breakdown of what happens

1. Intra clearing

2. Inter clearing where both banks are in the same district.

3. Inter clearing where one bank is in one district and other bank in other district

 

Reference no: EM13343375

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Process of check clearing in federal reserve : How does the system work now, present day process of check clearing in Federal Reserve
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