2  See Board of Governors of the Federal Reserve System (2020), “Federal Reserve Announces Details of New 24x7x365 Interbank Settlement Service with Clearing Functionality to Support Instant Payments in the United States,” press release, August 6.
3 See Bank for International Settlements (2020), “Central Banks and BIS Publish First Central Bank Digital  Currency (CBDC) Report Laying Out Key Requirements,” press release, October 9. 2/2  BIS central bankers' speeches