On May 23, Fed amended circular on funds transfers through FedNow.
Fed amended the Operating Circular 8, Funds transfers through the FedNow service.
Published a more detailed summary of changes along with a redlined document.
Follows Mar. 2024, FedWire revised operating circular 8 on funds transfers, #204217.
Operating Circular 8 Amendments
Updated Section 14.7 to address planned or unplanned interruption of FedNow service
Modified Appendix D to incorporate terms related to the Additional Processing Options.
Appendix D restructured to delineate general terms that apply to all additional processing options, that apply specifically to negative list, account activity thresholds.
Effectiveness
Amended Operating Circular 8 effective on Jun. 24, 2025.
