Introduction

Julie Hill is a professor of law at the University of Alabama’s School of Law and she specializes in the study of the regulation of financial institutions. Julie also has a new paper out titled, *Opening a Federal Reserve Account,* and she joins Macro Musings to talk about the history and recent developments surrounding Fed master accounts. David and Julie also discuss the legal basis for these accounts and the numerous case studies surrounding them, including the Narrow Bank, Reserve Trust, Custodia, and more.

Transcript for the episode can be found here.

Julie’s Twitter: @ProfJulieHill

Julie’s Alabama Law profile

David’s Twitter: @DavidBeckworth

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*Opening a Federal Reserve Account* by Julie Hill