Senate Announces Committee Assignments
Congratulations to Nebraska’s Senators on their committee assignments! Sen. Deb Fischer will join the Appropriations Committee in the 118th Congress. Fischer will continue to serve on the Agriculture, Commerce and Armed Services Committees. Newly appointed Sen. Pete Ricketts has been named to the Foreign Relations and Environment and Public Works Committees and the Special Committee on Aging.
Kansas City Fed Names Interim President
Kelly Dubbert, first vice president and chief operating officer, was named interim president and CEO of the Federal Reserve Bank of Kansas City. Esther George, who led the bank since 2011, reached the mandatory retirement age of 65 and retired yesterday. A search committee formed last May has not yet named a permanent successor for George.
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Fed Issues Guidelines on Crypto Requests
A new Federal Reserve policy statement describes how it will evaluate requests from state-chartered but non-FDIC-insured financial institutions that want to engage in novel banking activities, like crypto-asset transactions. The statement is intended to promote a level playing field for all banks by subjecting both uninsured and insured banks to the same limitations on activities.
The same day the policy statement was released, the Fed denied Wyoming-based digital asset company Custodia Bank's application to join the Federal Reserve System.
Read the Statement
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