The Federal Reserve announced today that it will extend until Sept. 6 the comment period on its proposal to expand the operating days of the Fedwire Funds Service and the National Settlement Service to include weekends and holidays. Currently, both operate Monday through Friday, excluding holidays. Under the proposal, the services would operate every day of the year. The operating hours each day would remain the same, with Fedwire open 22 hours per day and NSS open 21.5 hours per day.
Kelly calls on bankers to ‘advocate, innovate and partner’
In his final speech as ABA Chairman, Kenneth Kelly, chairman and CEO of First Independence Bank in Detroit, Michigan, highlighted the role ABA has played as a unifying advocate, an innovative catalyst and a trusted partner to the...









