Navy says no ‘fool’s gold’ to join exchange bank

Navy says no ‘fool’s gold’ to join exchange bank

October 21, 2021 Comments Off on Navy says no ‘fool’s gold’ to join exchange bank By admin

The Navy is still waiting for the Pentagon to agree to join a proposed exchange bank.

The exchange bank is aimed at helping the Navy and other armed services manage their debt obligations.

But it’s not the same as a bank.

It’s an alternative to the Federal Reserve System.

The Pentagon is also waiting to hear from the Fed before it can take any action on the proposal.

The proposed bank would be a joint venture between the Navy, the Marine Corps and other defense-related agencies.

It would create a central repository of military debt to help the military pay for everything from aircraft carrier maintenance and training to missile defense systems and other essential military needs.

The proposal is being backed by the Office of Management and Budget.

The Navy would use the bank to pay for the payments of its debt, but it would only accept deposits from military personnel and their spouses and their dependents, and not commercial institutions.

The Navy would maintain its own private checking accounts and other private deposits.

The bank’s board of directors would be appointed by the secretary of the Navy.

Its chairman would be retired military officers.

The bank’s membership would be limited to those officers and their family members.

The idea for the bank came from the Navy’s defense department, which has long called for more control over its debt.

In 2010, the Pentagon launched a pilot project to create a bank to manage debt.

The aim was to help pay for military-related needs through the Navy instead of the Federal government.

The pilot project was funded through a $2.8 billion loan from the Defense Advanced Research Projects Agency, or DARPA, which was part of the Pentagon budget and would not have been subject to the Dodd-Frank financial reform legislation.

In November, the Navy began accepting deposits from the pilot project, which included about $2 billion in deposits from private individuals.

The first $1 billion in cash was sent to the bank in February 2011.

But a few months later, the Treasury Department told the Navy it wanted to hold onto the cash for a year longer, instead of issuing a deposit.

The Treasury Department was concerned that the cash could be used to pay interest to the Navy if the bank failed to pay off the debt.

The Treasury Department wanted the Navy to keep the money and not use it for any purpose.

So in February 2012, the government began asking the Navy for its bank account balance.

The navy said it had about $1.2 billion.

In a statement, the U.S. Treasury Department said the Navy had asked it to “restructure the payment of its obligations” through the bank.

The statement said the Treasury was waiting for “a final decision on the Navy Bank’s proposed agreement to the Reserve Banks.”

The statement did not specify whether the Navy would accept the money directly or through the Bank of America, another major bank.

In April, the Department of Defense signed an agreement with the Treasury to keep $2 million in the bank for “operational purposes.”

The Navy said the agreement included a “separate but equal interest rate on all principal balances” to be paid to the Treasury.

But the Navy has been able to pay down the principal and interest of the interest on its debt through its own accounts, so the Treasury does not get the interest.

The Army said in a statement that it would have to decide by June what the interest rate should be on the interest it is paying on the cash and on the deposits that the Navy is holding.

The Army has been trying to raise money to pay its debts for a long time.

In October, it raised more than $10 million through a crowdfunding campaign.

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