Fedwire Securities Service to Close Concurrently with the Fedwire Funds Service Effective March 8, 2021
February 11, 2021
Effective Monday, March 8, 2021, the scheduled closing times for both the Fedwire Funds Service and the Fedwire Securities Service will be 7:00 p.m. ET. The Federal Reserve Banks are expanding the Fedwire Funds Service closing time to 7 p.m. ET from 6:30 p.m. ET, while the Fedwire Securities Service closing time remains unchanged. Also, beginning March 8, 2021, an extension to the Fedwire Funds Service closing time will result in a concurrent and equal extension to the Fedwire Securities Service closing time for repositioning free-of-payment securities transfers.
If you have questions regarding this communication, please contact your designated Wholesale Operating Sites.