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        <title>New Message Format for the Fedwire® Funds Service</title>
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    <abstract>The Board of Governors of the Federal Reserve System (Board) is requesting comment on a proposal to adopt the ISO[supreg] 20022 message format for the Fedwire[supreg] Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023.</abstract>
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        <action>Notice of proposed service enhancement; request for comment.</action>
        <summary>The Board of Governors of the Federal Reserve System (Board) is requesting comment on a proposal to adopt the ISO[supreg] 20022 message format for the Fedwire[supreg] Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023.</summary>
        <dates>Comment due date: September 4, 2018.</dates>
        <contact>Evan Winerman, Counsel (202-872-7578), Legal Division; or Melissa Leistra, Manager (202-530-6285), Renuka Lakshmanan, Senior Financial Services Analyst (202-475-6633), Division of Reserve Bank Operations and Payment Systems. For users of Telecommunications Device for the Deaf (TDD) only, contact (202-263- 4869).</contact>
        <tocSubject1>Requests for Comments:</tocSubject1>
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, </tocDoc>
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        <urlRef>http://www.federalreserve.gov/paymentsystems/pfs_frpaysys.htm</urlRef>
        <urlRef>https://fedpaymentsimprovement.org/payments-efficiency/iso-20022/</urlRef>
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        <urlRef>https://fedpaymentsimprovement.org/wp-content/uploads/iso20022_adoption_considerations_survey.pdf</urlRef>
        <urlRef>https://fedpaymentsimprovement.org/wp-content/uploads/strategies-improving-us-payment-system.pdf</urlRef>
        <urlRef>https://www.frbservices.org/financial-services/wires/testing/di-testing.html</urlRef>
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        <urlRef>https://www.swift.com/news-events/news/iso-20022-migration_the-time-is-now</urlRef>
        <urlRef>https://www.swift.com/news-events/news/payments-standards-changes-for-2020-and-why-you-should-act-now</urlRef>
        <urlRef>https://www.swift.com/our-solutions/compliance-and-shared-services/mystandards</urlRef>
        <urlRef>https://www.swift.com/resource/iso-20022-migration-study</urlRef>
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