fed wire

Fed Wire

An electronic system allowing the quick transfer of funds and securities between banks. The fed wire exists to settle large transactions between banks so that they can continue to extend credit to each other and to customers. It is operated by the Federal Reserve and is more formally known as the Federal Reserve Wire Network. See also: Real-time gross settlement system (RTGSS).

fed wire

A high-speed communications system for transferring funds and ownership of book-entry securities between banks. The fed wire is used to move bank reserves and to make credit available without delay.
References in periodicals archive ?
Depending on the system it might be a consumable electrode or automatically fed wire.
A man on each side of the bale chamber fed wire through and around the bale and hand-tied it.
Sprague explained the differences between ACH and fed wire and the costs of each.
MIG and flux cored welding involve a continuously fed wire that functions as a consumable electrode.
The second method is the Fed Wire system, under which the taxpayer initiates a transfer from its bank's wire room to the wire room at the State's bank.
In these processes, continuously fed wire functions as a consumable electrode.
The second method of payment is the Fed Wire method, under which the taxpayer initiates a transfer from its bank's wire room to the wire room at the State's bank.