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How does the Federal Reserve inspect banks?

In: Banking, Economics, US Government [Edit categories]

Answer:

they dont

First answer by ID1120920510. Last edit by ID1120920510. Question popularity: 2 [recommend question].

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Is the federal reserve bank a commercial bank?
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Specially the Fed is responsible for: formulating monetary policy; acting as lender of last resort for the nation's banks and depository institutions; facilitating the collection and clearance of...
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Yes. It's called the Bank of Canada.
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