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 ...

This is the third in a series of articles on stablecoins. The first article was on reserves. The second on the singleness of money or par. Both these articles follow the logic of the regulation, ...

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 ...

The Student Assembly unanimously passed a resolution requiring the transfer of excess funds from the Student Activities Funding Commission — which is a student organization that helps fund nearly 750 ...

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 ...