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 {{ ::500px-federal_reserve_system_logo.svg.png?200|}}
+The **Federal Reserve System**, often referred to as simply the **Federal Reserve** or **the Fed**, is the [[central banking]] system of the [[United States]].
+===== History =====
+==== FedNow ====
+In 2020, the Fed announced a new real-time payments service called [[FedNow]], intended to serve as an alternative to the existing private-sector real-time payments system.((//Real-Time Payments: FedNow Service to launch mid-2023.// (2022, September). KPMG. https://web.archive.org/web/20221130170101/https://advisory.kpmg.us/articles/2022/fednow-service-to-launch-mid-2023.html)) The service was planned for a mid-2023 launch.
+On March 15, 2023, the Fed issued an update stating that April 2023 would see the certification process begin for participants in the program, with a target launch of July 2023.((//Federal Reserve announces July launch for the FedNow Service.// (2023, March 15). Board of Governors of the Federal Reserve System. http://archive.today/2023.03.16-030011/https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm))
 ===== External links =====