Industrial loan companies Although the Federal Reserve Board strongly supports repealing the prohibition of interest payments on demand deposits, the Board opposes any amendment - such as the one contained in H.R. 1375 that would permit industrial loan companies (ILCs) to offer NOW accounts to businesses.
But of course there are many other very interesting strands of research, some of which have been covered at this conference. Quite a few papers aim, for example, to create a deeper understanding of systemic risk and contagion mechanisms, which are surely key issues when it comes to dealing with future crises.