Clearing house balances. The term clearing house balances means the payments required
from banks to settle differences at the clearing house. Banks present the items (checks, drafts,
etc.). which are collectable by them, receive in exchange the items payable by them, and then
receive or pay the differences (balances).
For aditional information see Clearing house of the associated banks of New York.
from banks to settle differences at the clearing house. Banks present the items (checks, drafts,
etc.). which are collectable by them, receive in exchange the items payable by them, and then
receive or pay the differences (balances).
For aditional information see Clearing house of the associated banks of New York.
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