Federal Reserve System August 9, 2019 – Federal Register Recent Federal Regulation Documents

Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: 2019-17107
Type: Notice
Date: 2019-08-09
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Document Number: 2019-17106
Type: Notice
Date: 2019-08-09
Agency: Federal Reserve System, Agencies and Commissions
Federal Reserve Actions To Support Interbank Settlement of Faster Payments
Document Number: 2019-17027
Type: Notice
Date: 2019-08-09
Agency: Federal Reserve System, Agencies and Commissions
The Board of Governors of the Federal Reserve System (Board) has determined that the Federal Reserve Banks (Reserve Banks) should develop a new interbank 24x7x365 real-time gross settlement service with integrated clearing functionality to support faster payments in the United States. The new service would support depository institutions' provision of end-to-end faster payment services and would provide infrastructure to promote ubiquitous, safe, and efficient faster payments in the United States. In addition, the Federal Reserve intends to explore expanded hours for the Fedwire[supreg] Funds Service and the National Settlement Service, up to 24x7x365, to support a wide range of payment activities, including liquidity management in private- sector real-time gross settlement services for faster payments. Subject to the outcome of additional analysis of relevant operational, risk, and policy considerations, the Board will seek public comment separately on plans to expand hours for the Fedwire Funds Service and the National Settlement Service.