Federal Reserve System June 26, 2024 – Federal Register Recent Federal Regulation Documents

On May 9, 2024, the Board of Governors of the Federal Reserve System (Board) published in the Federal Register a proposal to expand the operating hours of the Fedwire[supreg] Funds Service and the National Settlement Service (NSS). The Board proposed to expand the operating hours of the Fedwire Funds Service to 22 hours per day, 7 days per week, every day of the year (22x7x365) and to correspondingly expand the operating hours of NSS, with NSS closing 30 minutes earlier than the Fedwire Funds Service. The proposal provided for a comment period ending on July 8, 2024. The Board is extending the comment period for 60 days, until September 6, 2024.