Portfolio management The Bank manages its foreign reserves in two separate pools, an un-hedged pool (exposed to changes in interest rates and FX rates) and a hedged pool. The primary purpose for both pools of reserves is to maintain crisis intervention capability.
As you know, in the past the ACH was used mainly for recurring payments, such as payroll and mortgage payments. Today, consumer purchases at stores, over the telephone, and on the Internet can be completed using the ACH.