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FedPayments Improvement history
FedPayments Improvement company history timeline
16, 1914, with a staff of just 17 to serve the six states of the Federal Reserve System’s First District.
Congress reaffirmed and expanded the Federal Reserve’s role as a service provider with the enactment of the Depository Institutions Deregulation and Monetary Control Act of 1980.
11, 2001 terror attacks, the Bank stepped up to serve as one of two backup centers for commercial banks whose electronic funds transfer operations were disrupted.
In 2013, the Fed published a paper containing its perspectives on the key gaps and opportunities in the current United States payment system.
In 2013, it launched the Working Cities Challenge grant competition to foster local collaboration and improve the economic health and well-being of low-income residents in smaller cities in Massachusetts.
Written by the Federal Reserve Bank of Boston as of September 13, 2021.
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