Federal Reserve Board Finalizes Guidelines for Payment System Access

On August 22, 2022, Cravath prepared for its clients a resource entitled “Federal Reserve Board Finalizes Guidelines for Payment System Access.” The resource examines the agency’s guidelines, released on August 15, 2022, which outline principles for evaluating requests for master accounts and access to services at Federal Reserve Banks, and provide a tiered review framework for Reserve Banks to analyze payment system access requests. The resource provides key takeaways and observations, including how the guidelines could affect uninsured institutions’ access to the payment system.

Please click here to read the resource.