Travis Hill is the Vice Chairman of the FDIC Board of Directors, and he joins David on Macro Musings to talk about discount window and bank liquidity, receivership funding, and the tokenization of financial assets. Specifically, David and Travis also discuss the push for pre-positioning at the discount window, how the FDIC funds receiverships, the impact of tokenization on the future of banking, and much more.
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Transcript for this week\u2019s episode.
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Travis\u2019s FDIC profile
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Related Links:
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*Reflections on Bank Regulatory and Resolution Issues* \u2013 Remarks by Vice Chairman Travis Hill at the American Enterprise Institute
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*Banking\u2019s Next Chapter? Remarks on Tokenization and Other Issues* \u2013 Remarks by Vice Chairman Travis Hill at the Mercatus Center
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Timestamps:
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(00:00:00) \u2013 Intro
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(00:02:36) \u2013 The Unique Role of the FDIC and the Vice Chair
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(00:10:58) \u2013 The Push for Pre-Positioning at the Discount Window
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(00:20:19) \u2013 Addressing the Current Issues Relating to the Discount Window
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(00:28:44) \u2013 How Does the FDIC Fund Receiverships?
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(00:35:41) \u2013 Breaking Down the Federal Financing Bank
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(00:40:10) \u2013 Discount Window Stigma and Uncollateralized Fed Funding
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(00:45:44) \u2013 Tokenization and Its Impact on the Future of Banking and Cross-Border Payments
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(00:54:40) \u2013 Outro