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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 - Federal Reserve (.gov)

Federal Reserve Proposes New Payment Account System In a recent development, the Federal Reserve Board has requested public comment on a proposed system for establishing a new type of payment account. This move follows an earlier public input period, which aimed to gather feedback from stakeholders and the general public.

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