The Fed wants to veto state banking authorities. But is that legal? | article by Peter Conti-Brown - Upcarta

The Fed wants to veto state banking authorities. But is that legal?

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Nov 14, 2018
#Economics

Peter Conti-Brown

@PeterContiBrown

Read on www.brookings.edu

The Fed wants to veto state banking authorities. But is that legal?

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George Selgin @georgeselgin · Feb 4, 2022

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A very good piece. I believe section 13 of FRA is part of the confusion, for it says Fed may (not must) accept deposits from banks etc.