Federal Reserve - "Skinny" Master Account Proposal Topic of White Paper From CRS
August 05, 2026
August 05, 2026
WASHINGTON, Aug. 5 (TNSLrpt) -- The Congressional Research Service issued the following Insight white paper (No. IN12722) by macroeconomic policy specialist Marc Labonte.
Here are excerpts:
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Banks, which are at the center of the payment system, can directly settle payments through master accounts held at the Federal Reserve (Fed). In recent years, crypto and fintech firms have applied for master accounts, sometimes experiencing rejection or relatively . . .
Here are excerpts:
* * *
Banks, which are at the center of the payment system, can directly settle payments through master accounts held at the Federal Reserve (Fed). In recent years, crypto and fintech firms have applied for master accounts, sometimes experiencing rejection or relatively . . .