Federal Reserve to Expand Fedwire Funds Service and National Settlement Service Hours

Summary

The Federal Reserve is expanding the operating hours of the Fedwire Funds Service and National Settlement Service to 22 hours per day, 6 days a week, starting in 2028 or 2029. This change aims to support a wide range of payment activities and prepare for future 24/7 operations.

Original source language: Federal Register — Federal ReserveOpen original release →

Add your company to Business Communicator

We monitor business sources and connect attention with companies, profiles and services available in Business Communicator.

Create a free company profile Explore businesses on Business Maps →

Create a free company profile →

Explore insights

Business insights →

Fintech for Business: Payments & Banking News Global Markets News Trade Regulation News Business Technology News Supply Chain News Central Bank Policy News

Related business signals

Finance & markets · 4/10/2026

Federal Reserve Proposes Changes to FedNow Service to Support Private-Sector Cross-Border Payment Solutions

The Federal Reserve is proposing amendments to Regulation J to allow FedNow participants to use intermediaries other than Reserve Banks to send funds transfers through the FedNow Service, which could support private-sector cross-border payment solutions.

Read summary →

Finance & markets · 9/14/2026

Bank Holding Company Formations, Acquisitions, and Mergers: Recent Developments

The Federal Reserve has issued a new framework to guide the formations of bank holding companies, acquisitions, and mergers, aiming to enhance financial stability and promote competition in the banking sector.

Read summary →

Finance & markets · 9/14/2026

Federal Reserve Proposes Plans to Invest in or Acquire Companies Involved in Permitted Non-Banking Activities

The Federal Reserve has announced proposals to engage in or acquire companies that engage in permissible non-banking activities, as outlined in the Federal Reserve Act of 1913.

Read summary →

Finance & markets · 9/14/2026

Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation Jointly Issue Interim Final Rule on Examination Cycle for Small Insured Depository Institutions and Foreign Banks

The OCC, Board, and FDIC are jointly requesting public comment on an interim final rule that raises the asset threshold for certain small insured depository institutions to qualify for an 18-month on-site examination cycle, and makes parallel changes to the regulations governing the on-site examination cycle for U.S. branches and agencies of foreign banks, consistent with the International Banking Act of 1978.

Read summary →

Finance & markets · 8/4/2026

Federal Reserve Board Invites Comments on Proposal to Modernize Regulatory Framework for Mutual Holding Companies

The Federal Reserve Board is seeking public comment on a proposed rulemaking aimed at updating the regulatory framework for mutual holding companies, with the goal of reducing burdens and promoting efficiency in the industry.

Read summary →

Finance & markets · 8/4/2026

Federal Reserve Proposes Updates to Regulation O on Insider Loans

The Federal Reserve is seeking public comment on proposed amendments to Regulation O, which governs loans to executive officers, directors, and principal shareholders of member banks and their affiliates, with the aim of increasing transparency, reducing regulatory burden, and modernizing the regulation.

Read summary →