The Fed has announced that Fedwire Funds Service and National Settlement Service operations will ultimately be expanded to include Sundays and weekday holidays. However, the expansion will take place over several years, and “no earlier than 2028 to ensure operational and industry readiness.”

Currently, both the Fedwire Funds Service and NSS operate Monday through Friday, excluding holidays. Once the expansion is implemented, the Federal Reserve Banks will operate both services Sunday through Friday, including weekday holidays.

The operating hours each day will remain the same, with the Fedwire Funds Service open 22 hours per day, and NSS open 21.5 hours per day.

Author: sdbrownlow

Student of Design