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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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