New York Clearing House Association


The first clearing house organized in the United States (1853) for the purpose of establishing an orderly exchange and settlement process for New York City Banks. Prior to the establishment of the Federal Reserve System in 1913, It served in the capacity of a central bank for stabilizing currency fluctuations and managing the monetary system.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
New York Board of Trade (NYBOT) New York Cotton Exchange