Financial Stability

Federal Reserve Board issues 'level playing field' policy statement, addressing uninsured state banks discrepancy

By Marie Kemplay
BRR fallback image

Issues have arisen because while the Federal Deposit Insurance Act prohibits insured state banks from “engaging as principal in any activity that is not permissible for national banks”, this does not apply to uninsured state banks. This is significant as at present national banks are unable to hold most crypto ...

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