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When the San Francisco clearing house was established in 1876, the city's leading banks, in order of importance, were the Bank of California, the Nevada Bank (opened in 1875 with McLane as president), J. & W. Seligman & Co. forerunners of the Anglo-California Bank, Ltd., and Wells Fargo & Company. [13]
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The first automated clearing house was BACS in the United Kingdom, which started processing payments in April 1968. [4] In the U.S. in the late 1960s, a group of banks in California sought a replacement for check payments. [5] This led to the first automated clearing house in the US in 1972, operated by the Federal Reserve Bank of San Francisco ...
Clearing House (formerly, Clearinghouse) is an unincorporated community in Mariposa County, California. [1] It is located on the north bank of the Merced River 5 miles (8 km) west of El Portal, [2] at an elevation of 1555 feet (474 m). [1] The Clearinghouse post office operated from 1913 to 1933. [2]
The California Gold Rush created a high demand for timber in housing construction, mining procedures, and building railroads. In the early days, harvesting of forests were unregulated and within the first 20 years after the gold rush, a third of the timber in the Sierra Nevada was logged. [1]
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Wedbush opened its first office in 1957 located in the Crenshaw district of Los Angeles. Three years later, Robert Werner decided to sell his interest in the firm to Ed Wedbush. [ 6 ] In 1972, the firm began offering correspondent clearing services , providing trade execution for other brokerage firms.
California Gov. Gavin Newsom ordered state agencies Thursday to start removing homeless encampments on state land in his boldest action yet following a Supreme Court ruling allowing cities to ...