Correspondent Clearing and the Banking Panics of the Great Depression
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Between the founding of the Federal Reserve System in 1913 and the depression of the 1930s, three check-clearing systems operated in the United States. The Federal Reserve cleared checks for members of the system. Clearing houses cleared checks for members of their organizations. Correspondents
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美国国家经济研究局创建时间：
2006-12-01
