Changes in the Provision of Correspondent-Banking Services and the Role of Federal Reserve Banks under the DIDMC Act
NBER Working Paper No. 731 (Also Reprint No. r0267)
This paper focuses on microeconomic incentives set in motion by Federal Reserve decisions about how to implement the reserve-requirement and pricing-of-service provisions of the Depository Institutions Deregulation and Monetary Control Act of 1980 (the DIDMC Act). These incentives promise to reshape the production and character of correspondent-banking services, the margin of jurisdictional competition between state banking regulators and the Federal Reserve System, and ultimately the regional structure of the Federal Reserve itself.
Document Object Identifier (DOI): 10.3386/w0731
Published: Kane, Edward J., 1982. "Changes in the provision of correspondent-banking services and the role of Federal Reserve Banks under the DIDMC Act," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 16(1), pages 93-126, January. citation courtesy of