According to this week’s Washington Wire, both the House and Senate are in recess to celebrate Thanksgiving. The Federal Reserve Board of Governors published a Federal Register Notice outlining two potential actions to further support the development of faster payments in the United States. A webinar is planned for Monday, Nov. 26, to discuss these issues:
1. The development of a service for real-time interbank settlement of faster payments 24 hours a day, seven days a week, 365 days a year (24 x 7 x 365).
2. The creation of a liquidity management tool that would enable transfers between Federal Reserve accounts on a 24 x 7 x 365 basis to support services for real-time interbank settlement of faster payments.
The Fed’s webinar on “Faster Payments Settlement Assessment Federal Register Notice”:
Date: Monday, Nov. 26
Time: 1 p.m. – 2:30 p.m. ET
Read the full Washington Wire here.