Julie Hill on the History and Recent Developments of Fed Master Accounts
Macro Musings with David Beckworth
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ABA Routing Numbers - What's the Difference?
The 1980 monetary control act, did that open the door for credit unions and savings and loans? Were they already having access? No, they didn't have access before. It opened the door for them. So they're the ones, a big part of the group that was clamoring to get in to get access, to get pipes into the Federal Reserve's balance sheet. And it sounds very similar to today's discussions, right? We have cryptocurrency stable coins. Some of these banks will talk about very similar requests. We also want to be a part of that rail that goes to the payment system.
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