Law change set to make Fed reveal holders of master accounts

New database will make applications from fintechs and crypto firms public

US Federal Reserve
The US Federal Reserve’s Eccles Building
Photo: US Federal Reserve

New legislation will require the US Federal Reserve board to create a database of institutions that hold, or have applied for, access to key Fed facilities known as master accounts.

Republican senator Pat Toomey introduced the requirement in an amendment to the 2023 military budget, which passed the House of Representatives on December 8. The current version of the bill is the result of negotiations between the two houses of Congress and both parties, making it unlikely the bill will fail to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here