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Fed vs. Narrow Banks
Category : Press
You would think that the Fed would welcome narrow banks with open arms. You would be wrong. The latest chapter in the Fed’s determined effort to quash The Narrow Bank…
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Fed’s Fight With Private Bank Escalates
Category : Press
The Federal Reserve is pushing back against a new private bank that is suing the central bank for access to its services.
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Federal Reserve Board issues advance notice of proposed rulemaking
Category : Press
The Federal Reserve Board on Wednesday invited public comment on whether it should propose amendments to its Regulation D (Reserve Requirements of Depository Institutions) to lower the rate of interest…
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A Better Deal for American Depositors
Category : Press
The financial asset most widely held by U.S. households – bank deposits – is earning a miserly interest rate, far below competitive market rates…
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The Public Option Works
Category : Press
Competition in banking deposit markets is weak but can be strengthened. Because of the weak competition in deposit markets, the Federal Reserve, surprisingly, began competing against banks for the funds…
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The Fed refuses to do business with the safest bank on earth – and depositors pay the price.
Category : Press
“If you live in Connecticut, there’s a new bank in town whose only business goal is to pay its depositors a rate very close to the Federal Reserve’s IOER (interest on excess…
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