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Post# of 111871
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cgw

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cgw

Re: toogoodfella post# 87116

Thursday, 01/30/2020 1:32:45 PM

Thursday, January 30, 2020 1:32:45 PM

Post# of 111871
There are twelve regional Federal Reserve Banks.

There is one Board of Governors of the Federal Reserve Banks based in Washington DC.

Any commercial bank can create money (defined as currency plus demand deposit balances). This happens when a bank makes a loan and credits the loan proceeds to the borrowers checking account.
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