The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, targeting a rollout of the service in the May to July timeframe. This update comes as the FedNow Pilot Program prepares to start technical testing in September.
A recent discussion paper released by the Federal Reserve Releases discusses the pros and cons of a potential of a U.S. central bank digital currency (CBDC).
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.
Fraudulent solicitations related to COVID-19 are on the rise, including scams that reference the Fed. A Federal Reserve Bank will not contact anyone about suspicious activity in a commercial bank account. Find information and resources here to help you protect yourself while seeking assistance.
The Supervision News Flash helps you stay abreast of topics and trends affecting institutions in the Fifth Federal Reserve District.
