Supreme Court of the United States · Official docket →
Custodia Bank, Inc. v. Federal Reserve Board of Governors, et al.
Paid petition · United States Court of Appeals for the Tenth Circuit, No. 24-8024 · judgment October 31, 2025
(petition-stage, structural)
About 3.2× the 4.1% base rate. The model weights this up for counsel who has won certiorari before, a petition citing more than ten dissents, and a dissent in the court below.
Question presented
Whether the Monetary Control Act, which states that the Federal Reserve “shall” provide its services to legally eligible nonmember depository institutions, 12 U.S.C. 248a(c)(2), gives presidents of regional Federal Reserve Banks discretionary authority to deny master accounts to such institutions. (I)
Counsel of record
For petitioner
Kannon K. Shanmugam
Davis Polk & Wardwell LLP
For respondent
Jeffrey S. Bucholtz
King & Spalding LLP
Case
Subject area
Economic Activity (estimated from the questions presented, in the Supreme Court Database’s categories)
Conference history
—
Amicus briefs
3 cert-stage
Linked docket
25A1320
Proceedings
- Oct 13 2026Brief of respondent Federal Reserve Board of Governors in opposition filed.
- Oct 13 2026Brief of respondent Federal Reserve Bank of Kansas City in opposition filed.
- Sep 09 2026Motion to extend the time to file a response is granted and the time is further extended to and including October 13, 2026, for all respondents.
- Sep 08 2026Motion to extend the time to file a response from September 11, 2026 to October 13, 2026, submitted to The Clerk.
- Aug 13 2026Brief amicus curiae of The Digital Chamber filed.
- Aug 13 2026Brief amici curiae of Senator Cynthia M. Lummis, et al. filed.
- Aug 12 2026Brief amicus curiae of Blockchain Association filed.
- Aug 10 2026Motion to extend the time to file a response is granted and the time is extended to and including September 11, 2026, for all respondents.
- Aug 07 2026Motion to extend the time to file a response from August 13, 2026 to September 11, 2026, submitted to The Clerk.
- Jul 10 2026Petition for a writ of certiorari filed. (Response due August 13, 2026)
- May 29 2026Application (25A1320) granted by Justice Gorsuch extending the time to file until July 11, 2026.
- May 22 2026Application (25A1320) to extend the time to file a petition for a writ of certiorari from June 11, 2026 to July 11, 2026, submitted to Justice Gorsuch.