Custodia Asks Supreme Court to Review Federal Reserve Master Account Ruling

Custodia Bank has asked the U.S. Supreme Court to review a decision on access to Federal Reserve payment accounts, a dispute over whether eligible nonmember banks can be denied direct access to Fed services. Custodia filed a reply brief Oct. 28 in Custodia Bank, Inc. v. Federal Reserve Board of Governors, docket No. 26-62. The bank filed its petition for review July 10. The justices have the case set for a Nov. 13 conference to consider the petition; they have not agreed to hear it. Custodia argues that the Monetary Control Act of 1980 requires Federal Reserve services to be made available to eligible banks outside the Federal Reserve System.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.