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Is DTC Wall Street or Federal Reserve?

https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm

The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), is a central securities depository and securities settlement system for eligible securities including equities, corporate bonds, and municipal bonds, as well as money market instruments such as commercial paper. DTC is chartered as a limited-purpose trust company under New York State banking law, is a member of the Federal Reserve System, and is a clearing agency registered with the SEC.

The SEC has primary jurisdiction over DTC as its Supervisory Agency under Title VIII of the Dodd-Frank Act. The New York State Department of Financial Services (NYSDFS) supervises DTC as a New York State-chartered trust company. The Federal Reserve supervises DTC as a state member bank of the Federal Reserve System under the Federal Reserve Act. In its supervision, the Federal Reserve is guided by part I of its PSR policy. The Federal Reserve consults with the SEC and the NYSDFS when carrying out its supervision of DTC.

2 years ago
1 score
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2 years ago
1 score
Reason: Original

Is DTC Wall Street or Federal Reserve?

2 years ago
1 score