Tag Archives: federal reserve

Faster Payments Task Force Capability Showcase Now Open

The Federal Reserve’s Faster Payments Task Force is inviting payment innovators to submit capabilities that can support end-to-end faster payments solutions to its Capability Showcase, a web forum where solutions providers can share new technologies and ideas.

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Yellen: Delaying Rate Hike Much Longer Could Risk Recession

Federal Reserve Chairman Janet Yellen said today that the economy has “recovered substantially” in recent years and hinted that an increase to the federal funds rate could come before year-end while cautioning that a delay could inadvertently lead to another recession.

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NY Fed to Publish Overnight Bank Funding Rate

The Federal Reserve Bank of New York will begin publishing the overnight bank funding rate (OBFR) in the beginning of 2016. The new indicator more accurately measures overnight borrowing costs for U.S. banks. The OFBR will be calculated as a volume weighted median of federal funds and Eurodollar transactions, and is intended to complement the effective federal funds rate. “Once ...

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