The core of a financial network typically consists of financial institutions which are O connected to many financial institutions on the periphery of the network O provide payment and financial services to banks and other financial institutions O hold higher reserves and safer portfolios than other financial institutions O Large in terms of deposits from other financial institutions O Large in terms of total deposits O subject to tighter regulations that banks at the core of the financial network O often connected to financial networks overseas O more specialized in investing in particular industries or regions O younger and more innovative than other financial institutions O Large in terms of total assets