Press Releases and Notices

March 15, 2023
Press Release
Federal Reserve announces July launch for the FedNowSM Service
August 29, 2022
Press Release
Federal Reserve updates FedNowSM Service timing to mid-2023, marks beginning of full-scale pilot testing
May 19, 2022
Press Release
Federal Reserve Board finalizes rule that governs funds transfers over the Federal Reserve Banks' FedNow Service
Federal Register Notice
Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire: HTML | PDF
June 1, 2021
Press Release
Federal Reserve Board invites public comment on proposed rule to govern funds transfers over the Federal Reserve Banks' FedNow Service
Federal Register Notice
Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire: HTML | PDF
February 2, 2021
Press Release
Federal Reserve updates FedNow Service launch to 2023
August 6, 2020
Press Release
Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States
Federal Register Notice
Service Details on Federal Reserve Actions to Support Interbank Settlement of Instant Payments: HTML | PDF
August 5, 2019
Press Release
Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments
Federal Register Notice
Federal Reserve Actions to Support Interbank Settlement of Faster Payments: HTML | PDF
October 03, 2018
Press Release
Federal Reserve Board seeks public comment on potential actions to facilitate real-time interbank settlement of faster payments
Federal Register Notice
Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments: HTML | PDF
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Last Update: March 21, 2023