Federal Reserve System
Nation's first true central bank.
A bank that could lend to other banks in time of need.
Fedral Reserve notes
Paper currency issued by fed. that eventually replaced all other types of fed. currency.
run on the bank
a rush by depositors to withdraw their funds from a bank before a failed.
a brief period were all the country's bank gad to close.
banks that catered to the interest of businesses and commerce.
Demand Deposits accounts (DDAs)
accounts who's funds could be removed by simply writing a check without approval from depopsitors list.
accepted deposits of small investors
a dipositor-owned financial organization, opperated only for the benefir of its depositors.
MSB institution that sold stocks.
type of checking account that pays intrest
0depositors institution invest majority of funds in home mortgages
nonprofit service cooperative thaat owned and opperated for benefit of members.
share drafts accounts
interest earning banking accounts.
removal or relaxation of gov. restriction on businesses
person or institution to whom money is owed.