Custodia Bank has re-applied to the Federal Reserve.

Custodia Bank Continues Its Battle with the Federal Reserve

Custodia Bank has filed a request for a reassessment with the Tenth Circuit Court of Appeals in its legal battle with the Federal Reserve. The bank argues that the denial of its master account by the Federal Reserve undermines state banking authority and raises constitutional concerns.

The ruling against Custodia last October is viewed as a significant setback in the bank's efforts to gain access to the United States payment system.