Central Banking

Revisions to Fed's policy on payments system risk

The Federal Reserve Board announced on Thursday 23 September that it has revised its Policy Statement on Payments System Risk (PSR policy) concerning interest and redemption payments on securities issued by government-sponsored enterprises (GSEs) and certain international organizations.

Attachment (213 KB PDF)

The Reserve Banks are currently processing and posting these payments to depository institutions' Federal Reserve accounts by 9:15 a.m. Eastern Time, the same posting time as for U.S

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