Fed seeks comments on ‘skinny’ account

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AI Summary

The Federal Reserve Board voted 6-1 to gather public comment on creating a new special payments account for use by financial institutions; comments are due within the next few months.

Texas Relevance

No explicit mention of Texas, TX, TCUD, or any Texas-specific entities in the article.

Original Content

The Federal Reserve Board voted 6-1 on Friday to gather public comment on creating a new special payments account for use by financial institutions.