this post was submitted on 22 Jun 2023
8 points (90.0% liked)

US News

364 readers
1 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS
 

cross-posted from: https://lemmy.world/post/403754

A Federal Reserve database of master accounts reveals “stunning” information in Wyoming-based Custodia Bank’s precedent-setting lawsuit against the Fed for denying its master account.

you are viewing a single comment's thread
view the rest of the comments
[–] Maggoty 1 points 1 year ago

Interestingly FDIC insurance isn't required according to the St Louis Reserve. Link

I wonder what the break down on the existing ones without insurance being tier 2 and tier 3 are.