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To: JasonC
The Federal reserve isn't needed to clear anything,

The federal reserve clears all checks.

262 posted on 05/03/2008 12:30:09 PM PDT by AndyJackson
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To: AndyJackson
That are presented to it, sure.

First major banks clear for themselves

264 posted on 05/03/2008 12:38:02 PM PDT by JasonC
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