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Federal Reserve announces July launch for the FedNow Service For release at 5:00 p.m. EDT Share The Service will Debut with Financial Institutions and the U.S. Treasury on Board CHICAGO – The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch. The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service. Early adopters will complete a customer testing and certification program, informed by feedback from the FedNow Pilot Program, to prepare for sending live transactions through the system. Certification encompasses...

President Obama, this is now your opportunity to be a great President like Jackson, Lincoln and Kennedy. Great Presidents do Great things! They have to show great Honor and integrity. We know you can do it! "We the People" know the truth. We want to hear it from you! Please join U.S.! Tell the American people the Truth! Confess! Americans are forgiving! We feel if this took place, a renewed Spirit of Patriotism could spread through our upper governmental management. The American people have never lost our Spirit of Patriotism! We never will! Join U.S.! "Few men have virtue to...

Currency swaps are of reciprocal currency agreements (swap facilities) between central banks. The officially purpose of such agreements are explicitly of short term and are intended to finance short-term capital flows believed to be seasonal or temporary in nature. Swap agreements are also misused to facilitate large interventions in foreign exchange markets, which is what is occurring with the dollar today. How currency swaps work The easiest way to understand currency swaps is to think of them as two separate zero-interest loans. For example, let’s say the fed and the ECB arrange a 80 billion euros ($107 billion) swap. The...