New York Clearing House

E705146

The New York Clearing House is a historic financial institution in New York City that served as a central hub for settling interbank transactions among major banks in the United States.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf bankers' clearing house
financial institution
payment system operator
alsoKnownAs New York Bankers' Clearing House
New York Clearing House Association
country United States
currency United States dollar
linked to: US dollar
develops rules for interbank settlements
foundedBy New York City banks
New York Clearing House Association
foundedIn 1853
foundedInPeriod 19th century
geographicScope New York metropolitan area
United States
governedBy member banks
hasFocus efficiency of large-value payments
systemic stability of interbank payments
hasLanguage English
headquartersLocation New York City
historicalRole central hub for settling interbank transactions
coordinating mechanism during financial crises
issuer of clearing house loan certificates
implements standards for check clearing
industry banking
financial services
payments
influenced development of U.S. central banking practices
locatedIn Manhattan
New York
New York City
memberType commercial banks
major New York banks
operatesInSector interbank payments
wholesale banking
purpose clearing of checks
coordination among member banks
reduction of credit risk among banks
settlement of interbank balances
regionServed United States banking system
regulates clearing procedures among member banks
relatedTo Clearing House Interbank Payments System
The Clearing House Payments Company
significance first organized bank clearing house in the United States
major hub for U.S. interbank settlements
model for other U.S. clearing houses
typeOfOrganization non-governmental organization
private association

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

George B. Post notableWork New York Clearing House
New York Clearing House foundedBy New York Clearing House Association
linked to: New York Clearing House
New York Clearing House alsoKnownAs New York Clearing House Association
linked to: New York Clearing House
New York Clearing House alsoKnownAs New York Bankers' Clearing House
linked to: New York Clearing House
George Browne Post designed New York Clearing House