FED WIRE
\fˈɛd wˈa͡ɪ͡ə], \fˈɛd wˈaɪə], \f_ˈɛ_d w_ˈaɪə]\
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An electronic network connecting the FEDERAL RESERVE BOARD, the 12 FEDERAL RESERVE BANKS, the US Treasury and US agencies, which is used for immediate payments, FEDERAL FUNDS transfers, and TREASURY NOTE, TREASURY BOND, and AGENCY SECURITY transfers.
By Henry Campbell Black
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dust storm
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