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Pass-Through Account

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Barron's Banking Dictionary:

Pass-Through Account

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Method of maintaining required reserves, whereby nonbank financial institutions are able to meet Reserve Requirements by holding deposits in a Member bank that maintains an equivalent deposit at a Federal Reserve Bank. The bank maintaining the pass-through account does not have to be in the same Federal Reserve District as the bank owning the account.

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Barron's Banking Dictionary Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more

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