My new draft article discusses whether the Federal Reserve has authority to reject account and payment services requests from eligible financial institutions. TLDR: They don’t. Forthcoming in the @IowaLawReview papers.ssrn.com/sol3/papers.cf…
Julie A. Hill
3,453 posts
Julie A. Hill
@ProfJulieHill
Dean and Wyoming Excellence Chair, University of Wyoming College of Law. Banking law and payments expert. Posts do not necessarily represent the views of UW.
- An ABA’s bank routing # search shows a routing #, has been issued to @AvantiBT, a Wyo. bank (SPDI) proposing to provide crypto custody services. Presumably, this means the Fed. Reserve concluded SPDIs meet the definition of “depository banks”eligible for master accounts.
- Big Al came through our neighborhood this afternoon to celebrate A Day. Fun for those of us missing the festivities of spring football scrimmages. #ADayAtHome #RollTide @UA_Athletics
- When the FDIC told/“asked” banks to pause crypto-related activity, it specifically told banks the pause letter could not “be disclosed or made public in any manner.”Replying to @EconWithNickThe last issue to note is actually a bit of boiler plate. The letters span from March 2022 to May 2023, but it wasn’t until September 2022 that the FDIC started to notify banks that these letters are confidential.
- I am delighted to announce that I have accepted the deanship at the University of Wyoming College of Law. @uw_law
- One of the more interesting entries in the Federal Reserve's master account database released Friday is an account for Brown Brothers Harriman & Company, a private investment bank without deposit insurance or a federal bank supervisor.🧵 en.wikipedia.org/w/index.php?ti…
- Happy to officially be a Wyoming Cowboy.We are pleased to announce the appointment of Julie Andersen Hill as the new dean of the College of Law, effective today, June 28, 2024. You can read more about her here: uwyo.edu/news/2024/01/h… @ProfJulieHill
- I’m honored to be named Vice Dean at @UALawSchool. From my decade on the faculty here, I know we have wonderful faculty, staff, students, alumni, and friends. I look forward to seeing what our next chapter brings.
- Just last week the Federal Reserve Banks announced they were developing a uniform policy for information requests. Today, the @KansasCityFed sent me a letter refusing to provide information about its decision to deny @custodiabank’s master account request. 🧵
- I love the University of Wyoming’s Super Bowl ad featuring NFL MVP Josh Allen. “At the University of Wyoming, we’re the team that believes you can do anything. This is where underdogs come to shine and where real MVPs are made.” #GoPokes🤠
00:00 - COVID-19 means everyone at @UofAlabama is doing things a little differently. Without @UA_Athletics, Eli Gold, the voice of the Crimson Tide, had to settle for announcing my banking law class today. @UALawSchool @UA_CTSN #StillTideTogether #RollTide
00:00 - My advice to banking regulators: If you don’t want there to be conspiracy theories about you, don’t do stuff like this. (Also it makes academic writing about you difficult, so please stop.)It really is wild that the FDIC tried delete from existence that they published a list of "high-risk" categories. The page on the left is the original version of the article. The page on the right is what people see now if they go on the FDIC's website.
- I’d tell you a banking joke, but I’m sure you’d just lose interest.
- I’m delighted that everyone is suddenly being introduced to SWIFT. Now everyone will want to take my payment systems class, right?
