Federal Reserve Board

244 results about this entity

Period: 17 Feb 2006 - 04 Nov 2024

Fed calls for feedback on adopting ISO 20022 for Fedwire Funds Service

The Federal Reserve Board on Thursday invited public comment on a proposal to adopt the ISO®20022 message format for the Fedwire® Funds Service. If approved, the proposed action would replace the Fedwire Funds Service's current, proprietary message format.

Fed governor: Digital tokens for financial settlement hold promise for central banks

Federal Reserve governor Lael Brainard believes special-purpose digital tokens for wholesale payments and some aspects of distributed ledger technology may hold promise for strengthening traditional financial instruments and markets.

St Louis Fed research calls for central bank electronic money

Central bank cryptocurrencies are a bad idea but central bank electronic money could have big benefits, improving financial stability, simplifying monetary policy and reducing the reliance on cash, say researchers at the Federal Reserve Bank of St Louis.

Fed's Secure Payments Task Force concludes

The Secure Payments Task Force will conclude its efforts in March with a final publication consisting of a collection of educational materials outlining the lifecycles and security profiles of today's primary payment methods, the Federal Reserve announced on Thursday.

Fed Reserve Board adds interactive data tools for financial accounts of the US to website

The Federal Reserve Board on Thursday added three new tools to its web site to provide interactive access to data from the Board's Financial Accounts of the United States (Z.1) release, which tracks the aggregate wealth of U.S. households and other economic sectors.

Mobile banking ubiquitous in US; payments lagging well behind

US consumers may have switched on to mobile banking in droves, but the adoption rate for device-based payments continues to be dogged by security and privacy fears according to new data from the Federal reserve.

Federal Reserve System appoints new payments security strategy leader

The Federal Reserve System today announced the appointment of its payments security strategy leader, Kenneth Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston.

Fed names Kenneth Montgomery payments security strategy leader

The Federal Reserve System today announced the appointment of its payments security strategy leader, Kenneth Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston.

Demand for cash shows no sign of diminishing

Despite the explosion of technology in the payments sector, demand for notes and coins continues to match or outpace GDP in all major economies bar Noway and Sweden, according to a report produced by the San Francisco Federal Reserve.

Cleveland Fed report comparing P2P lending to subprime mortgages removed for revision

A Federal Reserve Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.

Speech: Fed Reserve governor Lael Brainard on where consumers fit in the fintech stack

The new generation of fintech tools offers the potential to help consumers manage their increasingly complicated financial lives, but also poses risks that will need to be managed as the marketplace matures.1

Fed names governance team for instant payments

The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the 27 members of the collaborative industry short-term work group that will focus on developing a governance framework for faster payments in the United States.