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CRCM Exam - Question 158


Any of the following foreign correspondents for which the Federal Reserve maintains an account EXCEPT:

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Correct Answer: C

The Federal Reserve maintains accounts for foreign banks, foreign bankers' lessees, foreign correspondents, or agencies. However, it does not maintain accounts for foreign states.

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Cam22Option: C
Sep 16, 2024

The Federal Reserve may maintain accounts for foreign banks, foreign bankers' lessees, foreign correspondents, or agencies. However, it does not typically maintain accounts for foreign states.

Dex24
Nov 19, 2024

B, page 612 of the online book version.