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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.

Federal Reserve Master Account Access News

Comment Letter
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP‐1788 Re: Guidelines for Evaluating Account and Services Requests Dear Ms. Misback: The Conference of State Bank Supervisors (“CSBS”) appreciates the opportunity to comment on the proposed amendments to the Federal Reserve Board’s (“Board”) Guidelines for Evaluating
January 17, 2023
Comment Letter
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP-1747 Re: Supplemental Notice - Proposed Guidelines for Evaluating Account and Services Requests Dear Ms. Misback, The Conference of State Bank Supervisors (“CSBS” or “state bank regulators”) appreciates the opportunity to comment on the Supplemental Notice of
April 22, 2022
Comment Letter
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP-1747 Re: Proposed Guidelines for Evaluating Account and Services Requests Dear Ms. Misback, The Conference of State Bank Supervisors (“CSBS”) appreciates the opportunity to comment on the Proposed Guidelines for Evaluating Account and Services Requests (the “proposed
July 9, 2021