The Bretton Woods Conference held July 1st, 1944 with more than 700 participants representing 44 countries coming together and advocating for the establishment of an international banking system. Treasury and the Federal Reserve investment transactions are administered by selected western banks. These transactions started some fifty years ago and they have been growing and been continuously modified. Economic stability is still the impetus for the operation of these transactions today. The principles originally championed as answers to post World War II. The Instruments issued are backed by a treasury undertaking. The world’s largest holding companies of North American and European Banks are authorized to issue blocks of debt instruments such as Medium Term Notes, debenture instruments, and standby letters of credit at the behest of the United States Treasury for the United States Treasury Trust and Foundations and the United States Federal Reserve.
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