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Glossary Term: FED WIRE

Definition(s) for FED WIRE:


1. ) Fedwire, the Federal Reserve's funds and securities transfer service is the primary electronic transfer system in the United States. It connects Federal Reserve Banks and Branches, U.S. government agencies such as Treasury, and depository institutions. All Fedwire transfers are completed on the day they are initiated. They are guaranteed final by the central bank when the receiving institution is notified of the credit to its account.



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