On May 20, the Federal Reserve Board issued a proposal (following a December 2025 Request for Information) to create a new, special-purpose “payment
| less than a minute read
Federal Reserve Proposes Special-Purpose "Payment Account" for Eligible Institutions


/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-20-13-31-41-537-6a8701bd903e9cc820f5acce.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-19-17-15-33-109-6a85e4b5bd543d2ab45b23b1.jpg)
/Passle/6880addbd954bf894713d5af/SearchServiceImages/2026-08-19-17-15-06-919-6a85e49ad8729b0fe9edfc43.jpg)