Payment Systems
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FedNow® Service
The Federal Reserve has developed a round-the-clock payment and settlement service, called the FedNow Service, to support instant payments in the United States.
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The Federal Reserve Payments Study
The Federal Reserve Payments Study is an ongoing effort to quantify aggregate noncash payment volumes, cash withdrawals and deposits, payments fraud, and related information, offering a periodic benchmark of developments in the U.S. payments system to policymakers, the industry, and the public.
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Key Policies for the Provision of Financial Services
The twelve Federal Reserve Banks provide banking services to depository institutions and the federal government.