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Effective February 1: Amendments to Operating Circular 5

Effective February 1, 2023, the Federal Reserve Banks will amend Operating Circular 5, Electronic Access. The revisions impact Appendix A, “Information Security Program.” They reflect inclusion of the FedNowSM Service as a funds transfer service that requires execution of a security procedure agreement.

Please see the Operating Circulars page for more information, including the amended operating circular, summary of changes and a redlined comparison document.