A Federal Reserve database of master accounts reveals “stunning” information in Wyoming-based Custodia Bank’s precedent-setting lawsuit against the Fed for denying its master account.

cross-posted from: https://lemmy.world/post/403754

A Federal Reserve database of master accounts reveals “stunning” information in Wyoming-based Custodia Bank’s precedent-setting lawsuit against the Fed for denying its master account.

  • anicius@lemmygrad.mlEnglish
    2·
    1 year ago

    “MORE THAN 1,000 current Fed master account holders have no federal deposit insurance,” she tweeted. “And several current Fed master account holders do not appear to have been eligible for one, yet the Fed granted them one anyway.”