[Federal Register Volume 89, Number 123 (Wednesday, June 26, 2024)]
[Notices]
[Page 53425]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14018]


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FEDERAL RESERVE SYSTEM

[Docket No. OP-1831]


Expanded Hours for Fedwire Funds Service & National Settlement 
Service

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Request for comment; extension of comment period.

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SUMMARY: On May 9, 2024, the Board of Governors of the Federal Reserve 
System (Board) published in the Federal Register a proposal to expand 
the operating hours of the Fedwire[supreg] Funds Service and the 
National Settlement Service (NSS). The Board proposed to expand the 
operating hours of the Fedwire Funds Service to 22 hours per day, 7 
days per week, every day of the year (22x7x365) and to correspondingly 
expand the operating hours of NSS, with NSS closing 30 minutes earlier 
than the Fedwire Funds Service. The proposal provided for a comment 
period ending on July 8, 2024. The Board is extending the comment 
period for 60 days, until September 6, 2024.

DATES: The notification published on May 9, 2024 (89 FR 39613), is 
extended. Comments must be received by September 6, 2024.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal.

FOR FURTHER INFORMATION CONTACT: Mark Magro, Manager, Division of 
Reserve Bank Operations and Payment Systems (202-452-3944); Ann Sun, 
Lead Financial Institution Policy Analyst, Division of Reserve Bank 
Operations and Payment Systems (202-912-7938); Gavin Smith, Senior 
Counsel, Legal Division (202 452-3474); or Corinne Milliken Van Ness, 
Senior Counsel, Legal Division (202-452-2421), Board of Governors of 
the Federal Reserve System. For users of TTY-TRS, please call 711 from 
any telephone, anywhere in the United States.

SUPPLEMENTARY INFORMATION: On May 9, 2024, the Board of Governors of 
the Federal Reserve System (Board) published a proposal to expand the 
operating hours of the Fedwire[supreg] Funds Service and the National 
Settlement Service (NSS) in the Federal Register. The Board proposed to 
expand the operating hours of the Fedwire Funds Service to 22 hours per 
day, 7 days per week, every day of the year (22x7x365) and to 
correspondingly expand the operating hours of the NSS, with the NSS 
closing 30 minutes earlier than the Fedwire Funds Service.\1\
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    \1\ 89 FR 39613 (May 9, 2024).
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    The proposal provided for a comment period ending on July 8, 2024. 
The Board is extending the comment period for 60 days, until September 
6, 2024. Since the publication of the proposal, the Board has received 
comments requesting an extension of the comment period. An extension of 
the comment period will provide additional opportunity for interested 
parties to analyze the proposal and prepare and submit comments. 
Therefore, the Board is extending the end of the comment period for the 
proposal from July 8, 2024, to September 6, 2024.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2024-14018 Filed 6-25-24; 8:45 am]
BILLING CODE P