Federal Reserve Board invites public comment on a proposal to … – Federal Reserve

Jan 21, 2023 by The Beat Maker - 0 Comments

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Federal Open Market Committee
Monetary Policy Principles and Practice
Policy Implementation
Review of Monetary Policy Strategy, Tools, and Communications
Institution Supervision
Reporting Forms
Supervision & Regulation Letters
Banking Applications & Legal Developments
Regulatory Resources
Banking & Data Structure
Financial Stability Assessments
Financial Stability Coordination & Actions
Regulations & Statutes
Payment Policies
Reserve Bank Payment Services & Data
Financial Market Utilities & Infrastructures
Research, Committees, and Forums
Working Papers and Notes
Data, Models and Tools
Bank Assets and Liabilities
Bank Structure Data
Business Finance
Dealer Financing Terms
Exchange Rates and International Data
Financial Accounts
Household Finance
Industrial Activity
Interest Rates
Micro Data Reference Manual (MDRM)
Money Stock and Reserve Balances
Supervision & Enforcement
Community Development
Research & Analysis
Consumer Resources
November 04, 2022
For release at 1:30 p.m. EDT

The Federal Reserve Board on Friday invited public comment on a proposal to publish a periodic list of depository institutions that have access to Federal Reserve accounts—often referred to as “master accounts”—and payment services. The proposal would result in a transparent and accessible source of this information for the public.
In August, the Board adopted final guidelines that establish a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access these accounts and payment services.
“Today’s proposal will enhance transparency to the public by periodically publishing a comprehensive list of financial institutions that have access to Federal Reserve accounts and payment services,” said Vice Chair Lael Brainard. “I look forward to getting feedback on this proposal for enhanced transparency.”
The proposal issued today would build on the transparency of the guidelines by requiring Reserve Banks to periodically disclose which depository institutions have access to their accounts and payment services.
Comments will be accepted for 60 days after publication in the Federal Register.
For media inquiries, please email [email protected] or call 202-452-2955.
Federal Register notice: Guidelines for Evaluating Account and Services Requests
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue N.W., Washington, DC 20551


Leave a Comment