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10/23/2019

Deadline Approaching

Submit your comments on the FedNowSM Service by November 7

Have you shared your feedback on the FedNowSM Service via the current Federal Registernotice? Don’t miss your chance to submit your comments before the November 7 deadline! The Federal Reserve Board announced on August 5 that the Federal Reserve Banks will build and operate the FedNow Service, a new interbank 24x7x365 real-time gross settlement service with integrated clearing functionality to support faster payments in the United States.

While the current notice doesn’t outline specific questions to respond to, we invite comments on all aspects of the FedNow Service and left it open-ended to provide you with the latitude to do so. Need help navigating the notice? Consider these sections:

  • Section V.C. – Features under consideration as part of the core service upon initial implementation
  • Section V.C. – Ancillary features that may or may not be available at initial implementation
  • Section V.D. – Implementation timeframe

We have continued to develop and update our resources to help you prepare to submit your comments. Check out the links below to get the latest information and share your feedback!

Ready to comment?

The Board is seeking feedback on the FedNow Service through a Federal Register noticethrough November 7, 2019. All comments will be posted to the Board website without alteration except when necessary for technical reasons or to remove sensitive personally identifying information. We encourage you to provide comments via the following options:

  • Board website: Follow the instructions for submitting or viewing comments on the Proposals for Comment page
  • Email: Send an email to regs.comments@federalreserve.gov and include the docket number, OP-1670, in the subject line
  • Fax: (202) 452-3819
  • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, DC 20551

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