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Required reserves, correspondent balances and cash asset positions of member and nonmember banks : evidence from the Fifth Federal Reserve District

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  • Bruce J. Summers

Abstract

Increasing membership attrition has stimulated research into the costs and benefits of Federal Reserve System membership compared to the nonmembership alternative. Recent research has contributed to our understanding of the membership question in two important ways.

Suggested Citation

  • Bruce J. Summers, 1978. "Required reserves, correspondent balances and cash asset positions of member and nonmember banks : evidence from the Fifth Federal Reserve District," Working Paper 78-03, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:78-03
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    File URL: http://www.richmondfed.org/publications/research/working_papers/1978/wp_78-3.cfm
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    References listed on IDEAS

    as
    1. Robert E. Knight, 1977. "Comparative burdens of Federal Reserve member and nonmember banks," Economic Review, Federal Reserve Bank of Kansas City, vol. 62(Mar), pages 13-28.
    2. R. Alton Gilbert, 1977. "Utilization of Federal Reserve bank services by member banks: implications for the costs and benefits of membership," Review, Federal Reserve Bank of St. Louis, vol. 59(Aug), pages 2-15.
    3. Walter A. Varvel, 1977. "The cost of membership in the Federal Reserve System," Working Paper 77-01, Federal Reserve Bank of Richmond.
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    Cited by:

    1. Bruce J. Summers, 1978. "Correspondent services, Federal Reserve services, and bank cash management policy," Economic Review, Federal Reserve Bank of Richmond, vol. 64(Nov), pages 29-38.
    2. John P. Segala & Bruce J. Summers, 1979. "Determinants of correspondent banking relationships with the Federal Reserve System," Working Paper 79-01, Federal Reserve Bank of Richmond.

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    More about this item

    Keywords

    Bank reserves; Banks and banking - Costs;

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