Central Banking

US Fed issues revisions to payments system risk

US - The Federal Reserve Board on Tuesday issued revisions to its policy statement on payments system risk that it said "should alleviate liquidity pressures" that were identified during a broad review of the policy.

The Fed said its revised policy incorporates, with minor changes, the board's interim policy that became effective 30 May.

"This policy allows certain depository institutions to pledge collateral to the Federal Reserve in order to access additional daylight overdraft capacity above

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