Effective February 1: Amendments to Operating Circular 5

Effective February 1, 2023, the Federal Reserve Banks will amend Operating Circular 5, Electronic Access. The revisions impact Appendix A, “Information Security Program.” They reflect inclusion of the FedNow^SM Service as a funds transfer service that requires execution of a security procedure agreement.

Please see the Operating Circulars page for more information, including the amended operating circular, summary of changes and a redlined comparison document.