The Federal Reserve has no limits upon how much in total a payments-system participant can owe to everyone else who belongs to the same clearing system.

Question

Quizplus · Accepted Answer

The Federal Reserve, through its Regulation J and the operating circulars governing the Federal Reserve Banks' National Settlement Service and Fedwire Funds Service, imposes limits and controls to manage risk, including caps on exposure amounts that a participant can owe within the clearing system to ensure system stability and integrity.

The Federal Reserve Has No Limits Upon How Much in Total