Word: borrowing
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Dates: during 1980-1989
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...Federal Reserve provides its members with various services, such as check clearing, wire transfer of funds and even emergency delivery of $5 bills. Members can also borrow money at the Fed's "discount window," but the price is high in terms of idle reserves. The fact that some big commercial banks offer many of the other services at a modest fee is encouraging smaller banks to forgo access to the discount window and leave the system. When Chicago's Oak Park Trust & Savings Bank withdrew its $9 million reserves from the system last May, its earnings rose...