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Federal Reserve denies The Narrow Bank's master account application

Federal Reserve denies The Narrow Bank's master account application
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

United States , New York , James Mcandrews , Julie Hill , Aaron Klein , University Of Alabama School Law , Federal Reserve Bank , Brookings Institution , Federal Reserve , Narrow Bank , New York Fed , Federal Reserve Board , Kansas City , Alabama School , Kansas City Fed ,

Place a growth limit on the Fed's reverse-repo facility

While the central bank's reverse-repurchase facility generally works to stabilize the financial system, under certain circumstances it would spark a rapid flow of deposits out of banks. A growth cap would prevent that problem. ....

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