Expanded Hours for Fedwire Funds Service & National Settlement Service
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Issuing agencies
Abstract
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.
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 123 (Wednesday, June 26, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 123 (Wednesday, June 26, 2024)]
[Notices]
[Page 53425]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-14018]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
[Docket No. OP-1831]
Expanded Hours for Fedwire Funds Service & National Settlement
Service
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Request for comment; extension of comment period.
-----------------------------------------------------------------------
SUMMARY: 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.
DATES: The notification published on May 9, 2024 (89 FR 39613), is
extended. Comments must be received by September 6, 2024.
ADDRESSES: You may submit comments by any of the methods identified in
the proposal.
FOR FURTHER INFORMATION CONTACT: Mark Magro, Manager, Division of
Reserve Bank Operations and Payment Systems (202-452-3944); Ann Sun,
Lead Financial Institution Policy Analyst, Division of Reserve Bank
Operations and Payment Systems (202-912-7938); Gavin Smith, Senior
Counsel, Legal Division (202 452-3474); or Corinne Milliken Van Ness,
Senior Counsel, Legal Division (202-452-2421), Board of Governors of
the Federal Reserve System. For users of TTY-TRS, please call 711 from
any telephone, anywhere in the United States.
SUPPLEMENTARY INFORMATION: On May 9, 2024, the Board of Governors of
the Federal Reserve System (Board) published a proposal to expand the
operating hours of the Fedwire[supreg] Funds Service and the National
Settlement Service (NSS) in the Federal Register. 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 the NSS, with the NSS
closing 30 minutes earlier than the Fedwire Funds Service.\1\
---------------------------------------------------------------------------
\1\ 89 FR 39613 (May 9, 2024).
---------------------------------------------------------------------------
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. Since the publication of the proposal, the Board has received
comments requesting an extension of the comment period. An extension of
the comment period will provide additional opportunity for interested
parties to analyze the proposal and prepare and submit comments.
Therefore, the Board is extending the end of the comment period for the
proposal from July 8, 2024, to September 6, 2024.
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2024-14018 Filed 6-25-24; 8:45 am]
BILLING CODE P
</pre></body>
</html>This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.