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Fedwire Funds Format Reference Guide FRBservices Org Frbservices

Fedwire Funds Format Reference Guide FRBservices Org Frbservices

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yes and then I'll start answering something yeah yeah okay clearing chips versus Fedwire so I the first where the first four lectures of the course are trying to introduce the balance sheet approach then we do the payment system for four four lectures and then we did market-making four four four lectures so the payment system you'll remember that there were first there was first a general lecture about the Fed as a clearinghouse in which I talked about clearing clearing houses and netting of payments and so forth and we talked about a clearinghouse a private Clearing House as having member banks a B and C D and so forth okay and so that whenever a member of this Clearing House makes a payment to another member during the day okay there's no actual payment okay it's just a it's the the clearing house is on the other side of all of those payments so that if I'm a member of the clearing house and I want to pay Bank B okay I the clearing hous

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