Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application
A federal judge ruled that Custodia Bank, a Wyoming special-purpose depository institution, isn't entitled to membership in the Federal Reserve or to a Fed master account.
![Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application](https://www.coindesk.com/resizer/b3UN-XHshBCZ18IedeTsPZTScPk=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UMY5YF5PLJETBB2Q7SKIYHSOPY.jpg?#)
A federal judge ruled that Custodia Bank, a Wyoming special-purpose depository institution, isn't entitled to membership in the Federal Reserve or to a Fed master account.
What's Your Reaction?
![like](https://todaypic.com/assets/img/reactions/like.png)
![dislike](https://todaypic.com/assets/img/reactions/dislike.png)
![love](https://todaypic.com/assets/img/reactions/love.png)
![funny](https://todaypic.com/assets/img/reactions/funny.png)
![angry](https://todaypic.com/assets/img/reactions/angry.png)
![sad](https://todaypic.com/assets/img/reactions/sad.png)
![wow](https://todaypic.com/assets/img/reactions/wow.png)