Tag Archives: federal reserve

ABA Offers Feedback on Federal Reserve Faster Settlement Proposal

In a comment letter to the Federal Reserve today, ABA offered feedback on potential Fed actions to accelerate interbank settlement of faster payments, including the idea of the Fed banks developing a 24/7/365 real-time settlement service and a liquidity management tool to support this service.

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Fed’s 2019 Fees Expected to Rise 2.5 Percent

The Federal Reserve System’s 2019 fee schedules for priced services that go into effect Jan. 1 are expected to be 2.5 percent higher on average than in 2018, and the system projects that it will recover 100.9 percent of its priced services costs, the Fed said Friday.

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Household Debt Continues Climb

Outstanding household debt increased by 1.6 percent in the third quarter of 2018, rising by $219 billion to land at $13.51 trillion, the Federal Reserve Bank of New York reported today.

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Regulators Issue Joint Statement on California Wildfires

As wildfires continue to affect communities in Southern California, federal and state regulatory agencies yesterday issued a joint statement reminding banks of supervisory expectations related to disaster recovery. Regulators encouraged banks to work constructively to meet the financial needs of their communities.

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Fed Finalizes Proposal Harmonizing Reg J, Reg CC

The Federal Reserve today finalized a proposal to harmonize Regulation J -- which governs the collection of checks or other items by Federal Reserve banks and funds transfers through Fedwire -- with Regulation CC, which implements the Expedited Funds Availability Act.

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