Payment Services
The Federal Reserve provides a wide range of payment services to the U.S. government, government agencies and private-sector depository institutions.

As fiscal agent and depository for the U.S. government, Federal Reserve Banks sell, service, and redeem Treasury securities. They also maintain currency and coin processing operations to ensure an adequate supply.

Federal Reserve Banks offer a variety of services to depository institutions, including:
  • Check Processing
  • Automated Clearing Houses (ACHs)
  • Fedwire® Funds Service
  • Fedwire® Book-Entry Securities Service
  • National Settlement Service.
The pricing of Federal Reserve payment and settlement services is carried out according to federal statute and internal policies.
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