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Does Numisma open or close the door for more novel banking charters?

Authors :
Campbell, Kyle
Source :
American Banker; 6/4/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Numisma, a Connecticut-chartered uninsured bank, was granted a Federal Reserve master account last week — the first bank with a novel charter to do so since the Fed issued its master account guidelines in 2022. Whether others can do the same is an open question. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00027561
Database :
Complementary Index
Journal :
American Banker
Publication Type :
Periodical
Accession number :
177660592