Key insight: So-called "skinny" Fed accounts could grant direct Fed-rail access to crypto-focused banks. What's at stake: Banks relying on BaaS revenue risk disintermediation and margin pressure. The ...

Master accounts have become an area of increased focus at the Federal Reserve and around the banking industry. Whether an institution has access to the Federal Reserve's payment system will soon be a ...

The U.S. Federal Reserve took another step toward special limited payment accounts that would give a lighter version of the master-account services the central bank offers to its fully-fledged banks, ...