Sec. 707. Study on use of distributed ledger technology for reduction of risk in depository institutions

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Not later than 180 days after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall complete a study and submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report regarding the manner in which distributed ledger technology may reduce risk for depository institutions, as defined in section 19(b)(1) of the Federal Reserve Act ( 12 U.S.C. 461(b)(1) ), including settlement risk, operational risk and capital requirements.

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U.S. Code

Reserve requirements
§ 461

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Sec. 707

Study on use of distributed ledger technology for reduction of risk in depository institutions

U.S.C.§ 461

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