# 2025-19942: Federal Reserve Stretches Wire Transfer Hours to 22 Daily 2025-19942, Federal Reserve Action To Expand Fedwirer® Funds Service and National Settlement Service Operating Hours, is a Federal Register notice from Federal Reserve System published 2025-11-17, effective The Reserve Banks expect to implement the 22x6 expansion in 2028 or 2029. (as of 2026-06-08). - Canonical: https://policyrisk.com/federal-register/2025-19942 - As of: 2026-06-08 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2025-19942 - Title: Federal Reserve Action To Expand Fedwirer® Funds Service and National Settlement Service Operating Hours - Type: Notice - Agencies: Federal Reserve System - Citation: 90 FR 51356 - Published: 2025-11-17 - Effective: The Reserve Banks expect to implement the 22x6 expansion in 2028 or 2029. - Comments close: not stated - Significant: no - Touches household money: no - Regulation identifier numbers: none - Last updated: 2026-06-08 ## In one line Federal Reserve Stretches Wire Transfer Hours to 22 Daily ## Summary The Federal Reserve is boosting the hours for its Fedwire Funds Service to 22 hours a day, six days a week, starting around 2028 or 2029. The National Settlement Service will also run almost as long, helping banks move money more flexibly, even on holidays. This change supports faster payments and the U.S. dollar’s role worldwide, with a future goal of running 22 hours every day, all year long. ## Abstract The Board of Governors of the Federal Reserve System (Board) is announcing that the Federal Reserve Banks (Reserve Banks) will expand the operating hours for the Fedwirer Funds Service to 22 hours per day, 6 days per week, operating Sunday through Friday, including weekday holidays (22x6).\1\ The Board is also announcing a corresponding expansion of the National Settlement Service's (NSS) operating hours to 21.5 hours per day, 6 days per week, operating Sunday through Friday, including weekday holidays, with NSS closing 30 minutes earlier than the Fedwire Funds Service. The Board expects the Reserve Banks to implement this expansion in 2028 or 2029 to ensure technological, operational, and industry readiness. The decision to expand operating hours is intended to support a wide range of payment activities, as well as the U.S. dollar's key role in global commerce and the international financial system. Further, the planned expansion to 22x6 operating hours will serve as an interim step and provide the necessary foundational capability for the Reserve Banks to expand operating hours up to 22x7x365 in the future. The Board will monitor industry demand and will stand ready to offer an additional expansion up to 22x7x365 no sooner than two years after the Reserve Banks implement 22x6 operations. If the Board does propose to expand operating hours beyond 22x6, it will seek public comment in a separate proposal. --------------------------------------------------------------------------- ## Effects PRIA read - Fedwire and NSS expanded daily hours: benefit, high. The Fed will run the Fedwire Funds Service 22 hours per day, six days a week (Sunday through Friday, including weekday holidays). The National Settlement Service (NSS) will run 21.5 hours per day, six days a week and will close 30 minutes earlier than Fedwire each business day. - Concrete daily schedule and maintenance window: mixed, medium. Under the new schedule, Fedwire will open at 9:00 p.m. Eastern Time (ET) on the calendar day before a business day and close at 7:00 p.m. ET on the business day, leaving a weekly 26-hour weekend downtime from Friday 7:00 p.m. ET to Saturday 9:00 p.m. ET for maintenance. NSS will follow the same dai… - Participation stays optional (opt-out model retained): benefit, medium. The Reserve Banks will keep the existing optional participation model: banks and other participants are not required by the Fed to be open during all expanded hours and may opt out of processing during certain hours. - Future expansion possible after two years: mixed, medium. The Board may offer an additional expansion up to 22x7x365 no sooner than two years after Reserve Banks implement 22x6 operations; the Board would publish a new proposal and seek public comment before doing so. - Exploring expanded discount window days: mixed, medium. The Federal Reserve is exploring whether to expand discount window operating days in connection with expanded Fedwire hours and will do outreach to stakeholders to understand benefits and costs for institutions of various sizes. - Small and midsize banks face staffing and cost concerns: cost, medium. Many small and midsize banks and individuals opposed the broader 22x7x365 idea, saying expanded hours would raise staffing, automation, and operational costs and could widen competitive gaps with large banks. - NSS expansion could prompt ACH/check processing changes: cost, medium. Commenters warned that expanding NSS hours could enable additional settlement windows for private-sector ACH and check networks and might lead those networks or their participants to expand processing days, potentially compelling participants to operate on weekends. ## Related documents - [2026-08298](https://policyrisk.com/federal-register/2026-08298): Regulatory Capital Rule: Community Bank Leverage Ratio Framework, 2026-04-29 - [2026-05960](https://policyrisk.com/federal-register/2026-05960): Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-Weighted Assets, 2026-03-27 - [2025-21625](https://policyrisk.com/federal-register/2025-21625): Regulatory Capital Rule: Revisions to the Community Bank Leverage Ratio Framework, 2025-12-01 - [2025-21626](https://policyrisk.com/federal-register/2025-21626): Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank H…, 2025-12-01 - [2025-12787](https://policyrisk.com/federal-register/2025-12787): Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank H…, 2025-07-10 - [2026-22827](https://policyrisk.com/federal-register/2026-22827): Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 2026-11-09 ## Sources - [2025-19942 on federalregister.gov](https://www.federalregister.gov/documents/2025/11/17/2025-19942/federal-reserve-action-to-expand-fedwirer-funds-service-and-national-settlement-service-operating) - [2025-19942 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-11-17/pdf/2025-19942.pdf) ## Related - [Previous: 2025-19941, U.S. Merchant Marine Academy Board of Visitors; Public Meeting; Correction](https://policyrisk.com/federal-register/2025-19941) - [Next: 2025-19945, Revisions to the Large Financial Institution Rating System and Framework for th…](https://policyrisk.com/federal-register/2025-19945) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2025-19942 (as of 2026-06-08).