Modern Money Mechanics
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The purpose of this booklet is to describe the basic process of money creation in a "fractional reserve" banking system.
- This complete booklet is was originally produced and distributed free by: Public Information Center Federal Reserve Bank of Chicago P. O. Box 834 Chicago, IL 60690-0834 telephone: 312 322 5111 But it is now out of print.
- Download the 40 page document here: Modern_Money_Mechanics.pdf