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10-24-2017, 02:55 PM
(This post was last modified: 10-25-2017, 01:06 AM by APeacefulWarrior.)
Well, the Federal Reserve does a whole bunch of things. It is, in part, a bank for private-sector banks and for the government, so it's possible for them to draw upon accounts at the Fed. However, those entities would not be sending checks through the standard ACH system as their way of doing so. We're talking transactions in the billions or trillions here.
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