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The Federal Exchequer System, also known as the Federal Exchequer, is a branch of the PSA which covers as the central bank of the United States of Antarctica. They are located in a Trans-Antarctica owned archipelago, where one major island bank would be part of it. As confirmed by the Worlds Richest Groups, Nations, and Individuals they're in sixth in the overall richest, and first in the richest groups.

History[]

After the Reserved afair, the USA enconomy deflated. With no central bank to save them, they had to go down to Trans-Antarctica to see the most richest banks. Trans-Antarctica major banks were located in the Pebble Archipelago; Atlampa, Banstan, New Yorkay, Goldmand, Covemond, Philly Cheesecake, Chickego, St Lewis, Cansas, Dele, and Sand Frankesta. Each had it's individual regional bank. They were all invited to a South Pole Council meeting to discuss the crisis at hand. As the representatives argued, the representative of Atlampa proposed a idea. He said that all these regional major banks in Trans-Antarctica should merge and form a nationwide "indpendent government organisation", and become our central bank. They then should throw more pebbles and coins into the enconomy. The representatives then discussed this idea, and almost everyone signed (everyone else abstained). The Federal Exchequer System Act was signed.

Under the control of expeirience administrators and no government in the way (they did answer to Barrick Abanana), they resolved the crisis very soon. The IRRS was even proud, as was their High Sysop. The High Sysop realised he could use them to his advantage. With the help of a friend, he assumed to the position of chairman (renamed High Sysop). He limited the power of the administrators to assume more control. He began operating the bank in secret. The South Pole Council realised this and found a way to ensure this wouldn't happen. They published their act, stating that the FE must publish what they are up to. Director Benny didn't approve and it wasn't the BoF's work either. In order to get the High Sysop to dodge it, he made them publish what they were up to but they were unnoticed, even by the media, the SPC, the PSA etc and if anyone did see them, they would be forgotton.

Involvement[]

The central bank has a firm grip on the enconomy.

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Governing System and Structure[]


Controvacy[]

Trivia[]

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