Federal Reserve seeks comment on proposed payment account for financial institutions
The Federal Reserve is requesting public comment on establishing a dedicated payment account for clearing and settling transactions among eligible financial institutions. This account would streamline payment processing capabilities within the banking system.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
Get real-time financial news in your trading bot or app
GET FREE KEY — 10,000 calls/day