News: Federal Reserve
Columbus Day 2026 bank holiday: wires and ACH pause, FedNow runs
Monday, October 12 is a Fed holiday. Wires wait for Tuesday; FedACH stops Saturday and restarts Monday evening.
Fed proposes reserve and capital rules for stablecoin issuers
Two Fed proposals cover reserves, capital and approvals for stablecoin issuers the Board supervises.
Fedwire moves its November 2026 release to November 2027
The Fed delayed a Fedwire update tied to removing unstructured postal addresses from wire messages.
FedNow at three: 1,800+ banks live, payment count up 83% in Q2
Nearly 5 million settled payments in the second quarter, and more than 1,800 institutions on the network.
July 4 falls on a Saturday: the Fed stays open Friday, July 3
No Friday closure this year. FedACH stops late Friday night and restarts Sunday evening.