The Federal Reserve is proposing to expand the operating hours of the National Settlement Service and Fedwire Funds Service to 22 hours a day, 7 days a week, 365 days a year. This change could impact ACH, checks, wire transfers, and liquidity management, allowing transactions on weekends and holidays. We seek your input on how this proposal may affect your organization.

Please complete the survey by July 3rd and share it with those managing liquidity. Your feedback is important for our response to the Federal Reserve's request for comments. Full proposal here.

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* 1. Would the ability to create and fund loans on the weekends be of interest to your organization?

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* 2. Do you have corporate clients who have expressed interest in using funds transfer services outside currently established banking hours?

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* 3. Does your long-term planning already consider changes to banking hours?

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* 4. How could your financial institution benefit from the expansion of the Fedwire Funds Service and NSS to 22x7x365?

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* 5. What opportunities do you foresee as the result of this expansion of hours?

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* 6. What do you see as your financial institution’s greatest challenges with the potential implementation of the expansion of hours of Fedwire Funds Service and NSS?

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* 7. What do you think will be the primary use case(s) and source(s) of demand for the expanded hours?

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* 8. Is your financial institution interested in full 24x7x365 operating hours for Fedwire Funds Service and NSS?

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* 9. How would your financial institution manage liquidity in this expanded-hours environment?

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* 10. Should the Fed’s Discount Window expand its hours? If so, should it remain open for the full 22x7x365, or just certain hours over the weekend and on holidays?

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* 11. The Fed plans to maintain the ability to opt out of expanded hours. How would this benefit or challenge your institution or the broader industry?

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* 12. At this time, do you believe that your institution will opt out?

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* 13. Financial Institution Name

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* 14. Asset Size

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