---
kind: "section"
citation: "12 U.S.C. § 248c"
title: "12"
title_heading: "Banks and Banking"
number: "248c"
heading: "Master account and services database"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/248c"
units:
  - "Chapter 3 — Federal Reserve System"
  - "Subchapter II — Board of Governors of the Federal Reserve System"
---

# §248c. Master account and services database

- (a) **Definitions—** In this section:
  - (1) **Access request—** The term “access request” means a request to a Federal [reserve bank](/usc/12/221a.md?p=a) for access to a [reserve bank](/usc/12/221a.md?p=a) master account and services, including any written documentation or formal indication that an entity intends to seek access to a [reserve bank](/usc/12/221a.md?p=a) master account and services.
  - (2) **Official accountholder—** The term “official accountholder” means—
    - (A) a foreign [state](/usc/12/1707.md?p=d), as defined in [section 632 of this title](/usc/12/632.md);
    - (B) a central bank, as defined in [section 632 of this title](/usc/12/632.md), other than a commercial bank;
    - (C) a public international organization entitled to enjoy privileges, exemptions, and immunities as an international organization under the International Organizations Immunities Act ([22 U.S.C. 288](/usc/22/288.md) et seq.); and
    - (D) any governmental entity for which the [Secretary](/usc/12/1715z–22a.md?p=4) of the Treasury has directed a Federal [reserve bank](/usc/12/221a.md?p=a) to receive deposits as fiscal agent of the United States under [section 391 of this title](/usc/12/391.md).
  - (3) **Reserve bank master account and services—** The term “[reserve bank](/usc/12/221a.md?p=a) master account and services” means an account in which a Federal [reserve bank](/usc/12/221a.md?p=a)—
    - (A) receives deposits for an entity other than an official accountholder; or
    - (B) provides any service under [section 248a(b) of this title](/usc/12/248a.md?p=b) to an entity other than an official accountholder.
- (b) **Publishing master account and access information—**
  - (1) **Online database—** The [Board](/usc/12/221a.md?p=a) shall create and maintain a public, online, and searchable database that contains—
    - (A) a list of every entity that currently has access to a [reserve bank](/usc/12/221a.md?p=a) master account and services, including the date on which the access was granted to the extent the date is knowable;
    - (B) a list of every entity that submits an access request for a [reserve bank](/usc/12/221a.md?p=a) master account and services after enactment of this section (or that has submitted an access request that is pending on December 23, 2022), including whether, and the dates on which, a request—
      - (i) was submitted; and
      - (ii) was approved, rejected, pending, or withdrawn; and
    - (C) for each list described in subparagraph [(A)](#b-1-A) or [(B)](#b-1-B), the type of entity that holds or submitted an access request for a [reserve bank](/usc/12/221a.md?p=a) master account and services, including whether such entity is—
      - (i) an [insured depository institution](/usc/12/1861.md?p=b-4), as defined in [section 1813 of this title](/usc/12/1813.md);
      - (ii) an [insured credit union](/usc/12/5481.md?p=17), as defined in [section 1752 of this title](/usc/12/1752.md); or
      - (iii) a [depository institution](/usc/12/1861.md?p=b-4) that is not an [insured depository institution](/usc/12/1861.md?p=b-4) or an [insured credit union](/usc/12/5481.md?p=17).
  - (2) **Updates—** Not less frequently than once every quarter, the [Board](/usc/12/221a.md?p=a) shall update the database to add any new information required under [paragraph (1)](#b-1).
  - (3) **Deadline—** Not later than 180 days after December 23, 2022, the [Board](/usc/12/221a.md?p=a) shall publish the database with the information required under [paragraph (1)](#b-1).

## Source credit

(Dec. 23, 1913, ch. 6, § 11C, as added Pub. L. 117–263, div. E, title LVII, § 5708, Dec. 23, 2022, 136 Stat. 3419.)

## Notes

### Editorial Notes

### References in Text

The International Organizations Immunities Act, referred to in subsec. (a)(2)(C), is title I of act Dec. 29, 1945, ch. 652, 59 Stat. 669, which is classified principally to subchapter XVIII (§ 288 et seq.) of chapter 7 of Title 22, Foreign Relations and Intercourse. For complete classification of this Act to the Code, see Short Title note set out under section 288 of Title 22 and Tables.

Enactment of this section, referred to in subsec. (b)(1)(B), means the enactment of this section by Pub. L. 117–263, which was approved Dec. 23, 2022.