GeneralNeutralFederal Reserve Press · May 207/10
📰
Federal Reserve Board requests public comment on a proposal to establish a "payment account," which legally eligible financial institutions could use for the specific purpose of clearing and settling their payments
The Federal Reserve Board has opened a public comment period on a proposal to create a dedicated 'payment account' that eligible financial institutions could use exclusively for clearing and settling payments. This initiative represents a significant step toward modernizing the central banking infrastructure and potentially integrating new forms of digital asset settlement.