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Systemic FMUs would access Reserve Bank accounts under proposed rule
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Financial Stability
Wednesday, March 6, 2013
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The Federal Reserve is seeking comment on a proposed rule setting forth the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for systemically important financial market utilities. In addition, the proposed rule would authorize a Reserve Bank to pay interest on the balances maintained by a designated FMU. Read on for the details.
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