Federal Reserve accounts for banks
Custodia Bank v. Federal Reserve Board of Governors
In brief
- Where it stands
- Petition Pending
Awaiting an order on the petition
- What it’s about
- Custodia Bank asks whether a federal law requiring Federal Reserve services for eligible banks that are not Fed members still lets regional Federal Reserve Bank presidents deny them master accounts.
- What's at stake
- The dispute concerns whether regional Federal Reserve Bank presidents may deny master accounts to legally eligible institutions that are not Fed members.
Summary: written with AI from the case record.
What it's about
Its petition was distributed for a Supreme Court conference; that step does not mean the Court has agreed to hear the case.
The Monetary Control Act says the Federal Reserve “shall” provide services to eligible institutions that take deposits but are not Fed members.
Question presented
Whether the Monetary Control Act, which states that the Federal Reserve “shall” provide its services to legally eligible nonmember depository institutions, 12 U.S.C. 248a(c)(2), gives presidents of regional Federal Reserve Banks discretionary authority to deny master accounts to such institutions?
What happens next
The next step is for the Court to decide whether to hear the case. The petition was distributed for a Nov. 13, 2026 conference, but that does not guarantee a decision then.
Documents
Docket activity
New analysis added
AI analysis generated: Case Briefing
Case data updated: summary, question_presented, generation_metadata
Case data updated: question_presented, extraction_metadata
Brief added: Petition
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Court Order added: Lower Court Orders/Opinions
Sources
Primary materials plus reporting. Best-effort analysis: this explainer relies on a mix of primary materials and trusted secondary sources. Official filings and opinions remain authoritative.