Ultimately, the study concluded that the Federal Reserve should continue to provide all its existing payment services with the explicit goal of enhancing efficiency, effectiveness, and convenience, while ensuring access for all banks.
To date, this has not led to any difficulty in funds settlement, but close attention should be paid to future market developments. With regard to corporate finance, credit demand for economic activities such as fixed investment remains weak. Firms’ moves to increase their on-hand liquidity in the face of difficult fund-raising conditions are settling down.