The Federal Reserve provided a technical clarification that its account access guidelines also apply to excess balance accounts.
Fed clarifies account access guidelines
December 10, 2024 / By ICBA
The Federal Reserve provided a technical clarification that its account access guidelines also apply to excess balance accounts.
The Federal Reserve provided a technical clarification that its account access guidelines also apply to excess balance accounts.
Details: EBAs are limited-purpose accounts at Federal Reserve Banks established to maintain the reserve balances of eligible institutions and managed by agents on behalf of the participating institutions.
More: The Fed said the account access guidelines establish transparent, risk-based, and consistent factors for Reserve Banks to use in reviewing requests for access to accounts and services.
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