Fedwire® Funds Service Expanded Hours Volumes Survey Questions

Instructions

As the Federal Reserve considers expanding operating hours for the Fedwire Funds Service and the National Settlement Service up to 24x7x365, we look to the industry to understand how expanded operating hours could impact transaction volumes flowing through the service(s). You are receiving this survey due to your previous workshop engagement with the Federal Reserve on use cases, operations and planning, and technology considerations around expanded operating hours.

This survey is intended to help us better understand your perspectives on future volumes in the service as we continue to improve it for our customers and the payments system as a whole.

Thank you for your time.

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* 1. Please provide your contact information

Name

Company

Email Address

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* 2. How do you see your Fedwire Funds Service/NSS volumes changing in the near term (i.e., in the next 2-3 years)?

They would increase.

They would remain the same.

They would decrease.

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* 3. What are the drivers for change?

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* 4. If Fedwire Funds Service were to expand beyond current operating hours, would you anticipate any change to volume?

Yes

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* 5. What might drive that change?

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* 6. What future Fedwire Funds Service/NSS enhancements can best support your customers’ needs in the medium term (i.e., 3-5 years from now)?

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* 7. Could any of the additional potential functionality discussed at the workshops drive increased volume (fraud tools, participant directory, etc.)?

Yes

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* 8. If so, how?

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