Deputy Seminar, Chicago, IL

POTENTIAL FEDERAL RESERVE ACTIONS TO SUPPORT INTERBANK SETTLEMENT OF FASTER PAYMENTS Presentation to CSBS Deputy Seminar, July 25 2019 Kirstin Wells, Federal Reserve Board

STRATEGIES FOR IMPROVING THE U.S. PAYMENT SYSTEM

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©2018 FederalReserve Banks.Materials are not tobeusedwithout consent.

AGENDA

• Provide an overview of faster payments and the role of the Federal Reserve • Discuss interbank settlement concepts and real-time gross settlement for faster payments • Discuss potential Federal Reserve actions: • 24x7x365 RTGS Settlement Service • Liquidity Management Tool • Open up for discussion

STRATEGIES FOR IMPROVING THE U.S. PAYMENT SYSTEM

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©2018 FederalReserve Banks.Materials are not tobeusedwithout consent.