The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Federal Open Market Committee
Monetary Policy Principles and Practice
Review of Monetary Policy Strategy, Tools, and Communications
Supervision & Regulation Letters
Banking Applications & Legal Developments
Banking & Data Structure
Regulations & Statutes
Reserve Bank Payment Services & Data
Financial Market Utilities & Infrastructures
Research, Committees, and Forums
Working Papers and Notes
Models and Tools
Bank Assets and Liabilities
Bank Structure Data
Dealer Financing Terms
Exchange Rates and International Data
Micro Data Reference Manual (MDRM)
Money Stock and Reserve Balances
Supervision & Enforcement
Research & Analysis
The Board is requesting comment on the benefits and drawbacks of a potential change to part II of the Federal Reserve Policy on Payment System Risk. The potential change would entail the Federal Reserve Banks monitoring in real time all Fedwire Funds transfers and rejecting those transfers that would breach the Fedwire sender's net debit cap, that is, the ceiling on its total daylight overdraft position that it is permitted to incur in its Federal Reserve account during any given day.
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