Congressional Research Service: 'Federal Reserve - Policy Issues in 118th Congress' (Part 3 of 3)
January 07, 2023
January 07, 2023
WASHINGTON, Jan. 7 (TNSrep) -- The Congressional Research Service issued the following report (No. R47377) on Jan. 6, 2023, entitled "Federal Reserve: Policy Issues in the 118th Congress:"
(Continued from Part 2 of 3)
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Payments
Because banks and select other institutions maintain master accounts at the Fed to hold their reserves, those accounts can be used to facilitate interbank payments. To that end, the Fed operates the follow . . .
(Continued from Part 2 of 3)
* * *
Payments
Because banks and select other institutions maintain master accounts at the Fed to hold their reserves, those accounts can be used to facilitate interbank payments. To that end, the Fed operates the follow . . .