Former Fed official's bank set to receive rare master account approval, raising eyebrows

From foxbusiness.com

A recent move by the Federal Reserve to grant a little-known bank access to its vast lending and credit facilities is sparking questions about possible conflicts of interest and favoritism at the nation’s central bank, FOX Business has learned. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master account, which gives state-chartered institutions access to the Fed’s liquidity facilities, including payment services at wholesale rather than retail prices. Numisma is a private bank that describes itself as a "state-of-the art, tech-forward operating and ... (full story)