Payment Systems Studies

The Federal Reserve Wire Transfer Network

An Overview of the Operations of The Options Clearing Corporation

Clearing and Settlement Through the Board of Trade Clearing Corporation

The Chicago Mercantile Exchange

A Study of Large-Dollar Payment Flows Through CHIPS and Fedwire

Securities Lending

CHAPS: The Clearing House Automated Payment System

CHIPS: The Clearing House Interbank Payments System

Trading of Foreign Currency Options and Futures in Philadelphia

The International Money Markets in London and First Chicago's Role In Clearing and Settling for Dollar Instruments

Exchanges and Clearing Houses For Financial Futures and Options in The United Kingdom

Clearing and Settling the Euro-Securities Market: Euro-Clear and Cedel