FedACH

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

FedACH is the Federal Reserve Banks' Automated Clearing House (ACH) service. In 2007, FedACH processed about 37 million transactions per day with an average aggregate value of about $58 billion. For comparison, Fedwire processed about 537,000 transactions per day valued at nearly $2.7 trillion in the same year.[1]

See also[edit]

References[edit]

  1. ^ The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure (PDF). United States Department of the Treasury. March 2008. p. 210.