Chambers, Matthew; Garriga, Carlos; Schlagenhauf, Don - Federal Reserve Bank of St. Louis - 2007
: Don Schlagenhauf, Department of Economics, Florida State University, 246 Bellamy Building, Tallahassee,
FL 32306-2180. E … �nancial intermediary is a zero pro�t business. The �rm receives the deposits of the house-
holds, a0 and uses these funds to …