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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
Mar 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.

Dex24Option: B
May 18, 2024

B, page 612 of the online book version.