June 11, 2024

Request for 90-Day Comment Extension on Expanding Fedwire

ICBA requested a 90-day extension to the Federal Reserve Board’s request for comment on expanding Fedwire Funds Service and National Settlement Services operating hours. Community bankers need time to assess the implications of Fedwire’s expanded schedule, its impact on additional financial exchange systems, and how these rulemakings will affect staffing, fraud management, and system maintenance.