Professional Documents
Culture Documents
Historical Perspective
The New York Clearing House Association,
the nations first and largest bank clearing
house, has played a variety of key roles
supporting the development of the banking
system in the nations financial center. At
first, in 1853, its role was to establish order
from confusion, to simplify the chaotic
exchange and settlement process among
the banks of New York City.
balances
resulting
exchanges,
from
such