News

Imagining a Bank without the Leverage

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A “narrow” bank would take no risk – but is that healthy for the financial system?

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Place a Growth Limit on the Fed’s Reverse-Repo Facility

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Bank depositors are questioning the safety of their deposits following the sudden failures of Silicon Valley Bank, First Republic Bank and others. Those doubts have accelerated withdrawals of deposits from…

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TNB seeks to become state’s newest bank in face of Fed delays

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If TNB USA Inc. bank opened tomorrow, there would be no branches, tellers or ATMs. Connecticut’s newest bank, to be based in Norwalk, would exist only as a set of…

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Explaining the Puzzling Behavior of Short-Term Money Market Rates

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Explaining the Puzzling Behavior of Short-Term Money Market Rates: Antoine Martin, James J. McAndrews, Ali Palida, and David Skeie

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Banks Have Too Much Money Now

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Also The Narrow Bank, the WeWork tender, the Citadel Hotel, ETFs, toilet paper tokens and gold bars…

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Making Money Safe

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Providing better options to hold money safely is desirable and feasible; failure to do so is a serious but fixable flaw in the legal architecture of money and payments in…

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