Our Scans · (FS.1.01) Retail Banking · Weekly Summary

• [New] Bank Disintermediation Risk: If retail users hold direct claims on the Federal Reserve via a digital dollar, traditional commercial bank deposits could flight to safety during times of crisis, destabilizing the fractional reserve banking system. investing.com
• A central bank digital currency has the potential for financial monitoring and surveillance and could turn the Federal Reserve into a retail bank. Senator Jon Husted
• Bank of England policymakers are keeping a close watch on retail sales, expecting a surge in spending as wealthier households spend savings built up during lockdowns. / UK Reuters
• One prominent proposal known as Fed Accounts - which has attracted support from progressive members of Congress - would create a system of retail accounts at the Federal Reserve that would provide all Americans with the opportunity to have a bank account at no cost. Brookings

Last updated: 13 August 2026