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Federal Reserve Master Account Access
Position Summary
Direct access to the Federal Reserve’s payments system through a master account provides eligible institutions with faster settlement, lower operating costs, and greater operational control. The Fed uses guidelines to evaluate requests for master account access, but these guidelines favor federally supervised uninsured entities, such as national trust banks, over state supervised uninsured entities. Master account access should be evaluated on an equitable and impartial basis, regardless of charter type or supervisor.