Comment: $2.7 trillion daily ( 537,000 payments; > $5 million / transfer)

(See in situ)


$2.7 trillion daily ( 537,000 payments; > $5 million / transfer)

The Fed has a collection of services called Fedline, which operates at highly critical junctures across the U.S. banking system.

For instance, one of the services offered by Fedline is money and funding transfers via the U.S. Federal Reserve. It enables financial institutions to transfer funds between member participants. These participants are > 9,000 financial entities (banks, etc.).

Fedline is the primary U.S. network for high value, time-critical and international payments.

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul