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2. FedNow - Wikipedia

   en.wikipedia.org/wiki/FedNow

   FedNow was scheduled to begin formal certification of participants of the program in April 2023, with a formal launch planned in July 2023. [8] [9] [10] It operates on a 24-hour, 365-days-a-year basis, [11] as opposed to the older FedACH system that is closed on weekends and holidays.

3. Fed’s instant payment service ‘FedNow’ set to ... - AOL

   www.aol.com/finance/fed-instant-payment-fednow...

   The Federal Reserve is on track to launch an instant payment service called FedNow between May and July of 2023, allowing settlement of U.S. payments in seconds and potentially negating the need ...

4. FedNow vs. ACH: How they differ - AOL

   www.aol.com/finance/fednow-vs-ach-differ...

   Consumers with access to FedNow are able to send and receive money instantly. Maximum transaction limit is $500,000 a day. FedNow is a pilot program at 564 financial institutions.

5. How the Fed’s new instant money program could lead to ... - AOL

   www.aol.com/fed-instant-money-program-could...

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6. Chicago metropolitan area - Wikipedia

   en.wikipedia.org/wiki/Chicago_metropolitan_area

   The Chicago metropolitan area represents about 3 percent of the entire US population. Chicagoland has one of the world's largest and most diversified economies. With more than six million full and part-time employees, the Chicago metropolitan area is a key factor of the Illinois economy, as the state has an annual GDP of over $1 trillion. [7]

7. Federal Reserve Bank of Chicago - Wikipedia

   en.wikipedia.org/.../Federal_Reserve_Bank_of_Chicago

   The Chicago Fed's headquarters is 17 stories high. The Chicago Fed was established on May 18, 1914, when representatives from five Seventh District banks formally signed the Chicago Fed's organization certificate. [1] The Bank officially opened for business with 41 employees on Monday, November 16, 1914. [1] [2] [9]

8. FedNow: What To Know About the Fed’s New Instant ... - AOL

   www.aol.com/fed-ready-own-digital-currency...

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9. Economy of Chicago - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Chicago

   Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing , printing , publishing , insurance , transportation, financial trading and services, and food processing also play major roles in the city's economy.