1.4.1: Payment, Clearing & Settlement Services

Monitor and evaluate the Board's actions taken with respect to payment, clearing, and settlement services.

Other Information:

Board's oversight of payment, clearing, and settlement services. To support the Federal Reserve's mission of fostering the integrity, efficiency, and accessibility of U.S. dollar payment and settlement systems, the Board performs ongoing analysis of the operations, rules, and risk-management practices of payment, clearing, and settlement services crucial to the operation of financial markets. Both the Reserve Banks and the private sector operate key systems, such as check clearing, automated clearing house (ACH) services, wire (fund) transfers, and securities transfers. In addition, the Monetary Control Act of 1980 requires the Board to approve the fees for the priced services provided by the Reserve Banks in order to recover costs associated with providing these services. We plan to review the Board's oversight of the Federal Reserve System's payment, clearing, and settlement services, to include the pricing of these services. If private sector entities that provide payment, clearing, or settlement services are designated as systemically important, we will monitor and evaluate the Board's actions taken with respect to these entities.

Stakeholder(s):

• Federal Reserve Board


• Payment Services


• Clearing Services


• Settlement Services

Indicator(s):

Indicator:1

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