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Thursday, 22 January 2015

National payments System.

http://en.wikipedia.org/wiki/Federal_Reserve_System

The Federal Reserve plays an important role in the U.S. payments system. The twelve Federal Reserve Banks provide banking services to depository institutions and to the federal government. For depository institutions, they maintain accounts and provide various payment services, including collecting checks, electronically transferring funds, and distributing and receiving currency and coin. 

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