Fedwire Funds Service and National Settlement Service (NSS) Expansion of Operating Days
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Fedwire Funds Service and National Settlement Service (NSS) Expansion of Operating Days
Fedwire® Funds Service and National Settlement Service Resource Center
Federal Reserve announces intent to expand operating days for Fedwire Funds Service and National Settlement Service
On Oct. 9, the Federal Reserve Board announced in a Federal Register Notice that it will expand the operating days of the Fedwire Funds Service and National Settlement Service (NSS) to include Sundays and weekday holidays. This expansion will be implemented in 2028 or 2029 to ensure technological, operational and industry readiness. Use of the expanded operating days by service participants will be voluntary.
Both services will operate six days per week, Sunday through Friday, including weekday holidays. Daily operating hours will remain the same:
The Fedwire Funds Service is open 22 hours per day
The NSS is open 21.5 hours per day (closes 30 minutes earlier than the Fedwire Funds Service)
The expansion to six operating days per week serves as an interim step for future updates by providing the necessary foundational capability for the Reserve Banks to potentially expand operating hours up to 22x7x365 later on.
Background on expanding operating days
In 2024, the Federal Reserve Board requested comments from the industry on its proposal to expand the operating days of FRFS’ two large-value payments services, the Fedwire Funds Service and NSS, to include weekends and holidays. After the comment period ended, the Federal Reserve Board conducted a thoughtful review of the comments provided, weighing the benefits and potential costs and risks. The Federal Reserve Board will continue to monitor industry demand for expanded service beyond 22x6. If the Federal Reserve Board does propose to expand operating hours beyond 22x6, it will seek public comment in a separate proposal.
Communications
Oct. 9, 2025 — Federal Reserve announces intent to expanded operating days for Fedwire Funds Service and National Settlement Service
Press Releases
Oct. 9, 2025 — Federal Reserve Board announces expanded operating days of two large-value payments services, Fedwire® Funds Service and the National Settlement Service (NSS), to include Sundays and weekday holidays
More information
FRFS will continue to provide updates on the expansion project’s progress as needed. Please continue to visit this page for more detailed information on this exciting announcement.
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