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

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$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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