Reserve accounts are non-transactional accounts used to carry forward funds for a specific purpose from one year to the next. This means that the account cannot be used for expenditures. Funds should ...
The U.S. Securities and Exchange Commission (SEC) proposed to amend Exchange Act Rule 15c3-3 (the Customer Protection Rule)[1] on July 12, 2023. If adopted, the proposed amendments would increase the ...
The Federal Reserve serves a number of functions to help the U.S. economy operate efficiently. But when it comes to how the Fed impacts savings account interest rates, monetary policy plays the ...
On December 16, the Federal Reserve Board issued a Request for Information on a new special‑purpose “Payment Account” prototype, which is essentially a stripped‑down Federal Reserve Bank account ...
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