The U.S. Federal Reserve proposed adopting a new, more limited form of a payment account that would allow firms to move money across the...
Officials from the Federal Reserve and the Treasury Department on Thursday called for increased transparency into data for the $26t...
The Federal Reserve has launched a new program to oversee banks’ cryptocurrency activities, focusing on partnerships. State-owned banks...
The "FedNow" service will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line...
Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day,...
The Federal Reserve has launched its own real-time payments system, called the FedNow Service (FedNow), as of July 20. Though FedNow is...
The figures disclosed by the Federal Reserve Bank of New York marked the first time more than $2t had been tucked away in the Fed’s...
Over the past week, official data have shown April job creation falling far short of economists’ forecasts, evidence of a shortage of...
The Federal Reserve’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern...
While the Fed has provided payment and settlement services to the financial system since its founding more than a century ago, FedNow...
Fed is requiring all 34 big banks that participated in the exercise to resubmit capital plans, seeking to ensure they have enough...
The Fed announced "FedNow," a real-time retail payment infrastructure, that will be available in 2023 or 2024. FedNow is expected to add...