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MET FROZEN FOOD v. NAT BK

89 Misc.2d 1033 (1977)

Met Frozen Food Corp., Plaintiff, v. National Bank of North America et al., Defendants. Met Food Corp., Plaintiff, v. National Bank of North America et al., Defendants.

Supreme Court, Special Term, Nassau County.

March 15, 1977

Attorney(s) appearing for the Case

Finkel, Nadler & Goldstein for plaintiffs. Cole & Deitz for defendants.

ALEXANDER BERMAN, J.

$14,835,917,339,000., an impressive amount, even in an age of superlatives. It represents the total dollar value of commercial paper cleared through the 16 Federal Reserve Banks in the major cities of the United States during the 1975 calendar year. In New York City alone, the average daily exchange at the New York Clearing House amounts to $5,642,306,382.51. Each day, then, more than...

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