0 sats \ 1 reply \ @BlokchainB 6 Jul \ parent \ on: The Federal Reserve, Custodia Bank, and the battle for Constitution sovereignty bitcoin
But it must be important to their business model or why continually burn cash with this legal fight?
Amicus brief is pro bono
Master account is important for any bank.
A Federal Reserve master account is a record of financial rights and obligations between a financial institution and the Federal Reserve Bank. It is identified by a Primary nine-digit Routing Transit Number (RTN) and is used to settle transactions, manage reserves, and access various financial services provided by the Federal Reserve[2][3].
Sources
[1] Master Account and Services Database - Federal Reserve Board https://www.federalreserve.gov/paymentsystems/master-account-and-services-database-about.htm
[2] Master Account - FRBservices.org https://www.frbservices.org/financial-services/accounting/service-setup/master-account.html
[3] Master Accounts and Services Database -- FAQs https://www.federalreserve.gov/paymentsystems/master-account-and-services-database-faq.htm
[4] [PDF] Federal Reserve: Master Accounts and the Payment System https://crsreports.congress.gov/product/pdf/IN/IN12031
[5] Database: Existing Access - Federal Reserve Board https://www.federalreserve.gov/paymentsystems/master-account-and-services-database-existing-access.htm
reply