12 U.S.C. § 248c — Master account and services database

(a) Definitions: (1) "Access request" means asking a Federal Reserve bank for a master account and services — including any written notice that an entity plans to ask for one. (2) "Official accountholder" means: (A) a foreign state (as defined elsewhere in this title); (B) a central bank (as defined elsewhere in this title), other than a commercial bank; (C) a public international organization that has privileges, exemptions, and immunities under the International Organizations Immunities Act; and (D) any government entity that the Secretary of the Treasury has told a Federal Reserve bank to accept deposits from, as the fiscal agent of the United States. (3) "Reserve bank master account and services" means an account where a Federal Reserve bank: (A) accepts deposits for someone who isn't an official accountholder; or (B) provides a service under section 248a(b) of this title to someone who isn't an official accountholder. (b) Publishing master account and access information: (1) Online database: The Board must create and maintain a public, searchable, online database that lists: (A) every entity that currently has master account access, including the date access started, to the extent that date is known; (B) every entity that requests master account access after this section's enactment — or whose request was already pending on December 23, 2022 — showing when the request was submitted, and whether it was approved, rejected, still pending, or withdrawn; and (C) for each entity on either list, what type of entity it is — an insured depository institution (as defined in section 1813), an insured credit union (as defined in section 1752), or a depository institution that is neither. (2) Updates: The Board must add any new required information at least once every quarter. (3) Deadline: The Board had to publish the database, with the required information, within 180 days after December 23, 2022.