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What is a Federal Reserve Excess Balance Account? 2 недели назад


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What is a Federal Reserve Excess Balance Account?

In this "Fasterminology" episode, the Payments Professor explores the concept of an Excess Balance Account. This specialized account, established at a Federal Reserve Bank, allows eligible financial institutions to store excess funds securely and earn interest. Participants must authorize an agent, often a Correspondent Bank, to manage these funds. Think of it as a safe deposit box for excess cash, offering both security and potential profit within the Federal Reserve's framework. Learn more from the Payments Professor "We make learning about payments rules and regulations fun and easy!" www.PaymentsProfessor.com www.WhatIsFedNow.com www.WhatIsRTP.com www.ACHRulesUpdates.com

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