Federal Reserve Financial Services

Financial Services - Chicago, IL, US

Federal Reserve Financial Services Employees
Mark Gould

Chief Payments Executive

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Dan Gonzalez

Vice President - Director, National and Processor Accounts

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Meagan Musgrave

Team Lead - Digital Marketing and Data Analytics

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Ruben Gaytan

Lead Business Analyst - Office of the Chief Payments Executive

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Tracy Harrington

Executive Vice President & CIO

Contact Tracy Harrington

Amber Franssen

Executive Assistant to the Chief Payments Executive

Contact Amber Franssen

Siva Iyer

SVP, Head of Engineering and Technical Operations

Contact Siva Iyer

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Federal Reserve Financial Services Senior Management
Tracy Harrington

Executive Vice President & CIO

Contact Tracy Harrington

Joe Leonard

Chief Information Security Officer

Contact Joe Leonard

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Federal Reserve Financial Services Details

The Federal Reserve, the central bank of the United States, was founded by Congress in 1913 to provide the nation with a safer, more flexible and more stable monetary and financial system.The Financial Services division of the Federal Reserve Banks is focused on meeting the evolving needs of payment system users, while remaining true to our longstanding mission to foster the integrity, efficiency and accessibility of the U.S. payment system.Federal Reserve Financial Services provides services to banks, credit unions and savings and loans in the same way these depository institutions provide services to their customers. These services include collecting checks, electronically transferring funds, and distributing and receiving cash and coin.Starting in 2023, the Federal Reserve will also provide an instant payment offering to enable real-time fund transfer and interbank settlement on a 24x7x365 basis. The FedNow(SM) Service will join a family of Federal Reserve products and services that includes:• Accounting Information Services (AIS): Provides timely information about entries debited or credited to an institution's account• Check Services: Offers a suite of electronic and paper check processing options.• FedACH® Services: Offers electronic exchange of debit and credit transactions through the Automated Clearing House (ACH) network• FedCash® Services: Ensures a sufficient supply of currency and coin for depository institutions• Fedwire® Securities and Fedwire Funds Services: Provides issuance, maintenance, transfer and settlement services, as well as electronic funds transfer service for mission-critical, same-day transactions• National Settlement Services: Provides multilateral settlement to depository institutions with a Federal Reserve master account that settle for participants in private-sector clearing and/or settlement arrangementsThis profile is managed by the Federal Reserve Bank of Chicago on behalf of the 12 Federal Reserve Banks.

Federal Reserve Financial Services logo, Federal Reserve Financial Services contact details
Website: frbservices.org
Employees: 1000 - 4999
HQ: N/A
Location: Chicago, IL, US
Revenue: Not Available
Financial Services
Federal Reserve Financial Services Technologies
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