Federal Reserve Profile picture
The official Twitter channel of the Board of Governors of the Federal Reserve System. Privacy Policy: http://t.co/pbRRCfwyou
Aric Profile picture 1 subscribed
Jul 20, 2023 4 tweets 3 min read
@federalreserve announces that its new system for instant payments, the FedNow® Service, is now live (1/4): federalreserve.gov/newsevents/pre… #FedFAQ: What is the FedNow Service?

Learn more about the #FedNow Service (2/4):

https://t.co/IXF8dyyBWq https://t.co/upUcAnlnaHfederalreserve.gov/faqs/what-is-t…
federalreserve.gov/paymentsystems…
"#FedFAQ: What is the FedNow Service? The FedNow Service is a new service for instant payments built by the Federal Reserve to help make everyday payments fast and convenient for American households and businesses. Banks and credit unions of all sizes can sign up for the FedNow Service and offer new instant payment services to their customers." Text overlays a gray and blue background and image of the Federal Reserve Board’s seal.
Jun 6, 2023 6 tweets 2 min read
#FedFAQ: Is FedNow replacing cash? Is it a central bank digital currency?

No. FedNow is not related to a digital currency. FedNow is a payments service the Federal Reserve is making available for banks and credit unions to transfer funds. (1/6) federalreserve.gov/faqs/is-fednow… From the Board of Governors... The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash. The FedNow Service is an instant payments service provided by the Federal Reserve, launching in July 2023. (2/6)
Apr 12, 2023 6 tweets 2 min read
#FedFAQ: Is FedNow replacing cash? Is it a central bank digital currency?
No. FedNow is not related to a digital currency. FedNow is a payments service the Federal Reserve is making available for banks and credit unions to transfer funds. (1/6) federalreserve.gov/faqs/is-fednow… FedFAQ: Is FedNow replacing... The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash. The FedNow Service is an instant payments service provided by the Federal Reserve, launching in July 2023. (2/6)
Nov 4, 2022 5 tweets 2 min read
The Federal Reserve is the central bank of the United States. It performs five key economic functions in the public interest to help promote the healthy U.S. economy, including promoting the stability of a financial system. Learn more: (1/5) The Financial Stability report reviews conditions affecting the stability of the financial system. The @federalreserve monitors risks to the financial system & works to help ensure a healthy economy for U.S. households, communities, & businesses. federalreserve.gov/publications/f… (2/5) Overview of financial syste...
Sep 9, 2022 4 tweets 2 min read
We have just posted Financial Accounts of the U.S., with flow of funds, balance sheet, & integrated macroeconomic account data: federalreserve.gov/releases/z1/de… #FedData (1/4) Household net worth decreased by $6.1 trillion in Q2, mainly because of a drop in stock prices. federalreserve.gov/releases/z1/20… (2/4) Changes in net worth: House...
Feb 12, 2021 4 tweets 2 min read
The @federalreserve conducts stress tests to assess the resiliency of large banks & help ensure that they can lend to households & businesses during a severe recession. They evaluate bank strength by estimating losses & capital levels against hypothetical recessions. (1/4) The stress tests are conducted in two ways. The Board runs and releases results from its own stress test and each large bank also is required to run a stress test itself and estimate and disclose its own individual results. (2/4)