Over Business Plan Concerns, Fed Prevents Narrow Bank from Getting Master Account

Posted on 03/26/2019

Banks have been parking money at the Federal Reserve in recent years, whenever their excess capital couldn’t find a good home. It’s a logical choice. This provides them with risk-free interest, which currently stands at 2.4%. Institutional investors, pension funds, and sovereign wealth funds, among others, have no such recourse. The closest they can come […]