DEFINITION of 'Division Of Reserve Bank Operations And Payment Systems – RBOPS'

An entity under the Federal Reserve System that manages certain policies and operations of the Federal Reserve Banks pertaining to the payment system within the United States. The Division of Reserve Bank Operations and Payment Systems ensures policies and operations are maintained when the depository institutions require financial services from Federal Reserve Banks, the U.S. Treasury and other government agencies. The Board of Governors has granted the director of the Division of Reserve Bank Operations and Payment Systems the authority to set accounting policies for the nation's Reserve Banks.

BREAKING DOWN 'Division Of Reserve Bank Operations And Payment Systems – RBOPS'

The U.S. payment system transmits more than $3 trillion each business day to pay for financial instruments, goods and services. The Division of RBOPS develops policies to ensure the efficiency and integrity of the U.S. payment systems, and conducts research to improve the systems.

RELATED TERMS
  1. Federal Reserve System

    The Federal Reserve System is the central bank of the United ...
  2. 1913 Federal Reserve Act

    The 1913 Federal Reserve Act was U.S. legislation that created ...
  3. Reservable Deposit

    A reservable deposit is a deposit subject to reserve requirements, ...
  4. Free Reserves

    Free reserves are the reserves a bank holds in excess of required ...
  5. Federal Reserve System - FRS

    The Federal Reserve System, commonly known as the Fed, is the ...
  6. Federal Reserve Credit

    Federal Reserve Credit refers to the Federal Reserve lending ...
Related Articles
  1. Insights

    What Do the Federal Reserve Banks Do?

    These 12 regional banks are involved with four general tasks: formulate monetary policy, supervise financial institutions, facilitate government policy and provide payment services.
  2. Insights

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  3. Personal Finance

    How the Federal Reserve Affects Your Mortgage

    The Federal Reserve can impact the cost of funds for banks and consequently for mortgage borrowers when maintaining economic stability.
  4. Insights

    How the Federal Reserve Manages Money Supply

    Find out how the Federal Reserve manages bank reserves and how this contributes to a stable economy.
  5. Insights

    How Central Banks Control the Supply of Money

    A look at the ways central banks pump or drain money from the economy to keep it healthy.
  6. Financial Advisor

    Why Banks Don't Need Your Money to Make Loans

    Contrary to the story told in most economics textbooks, banks don't need your money to make loans, but they do want it to make those loans more profitable.
  7. Investing

    How Does Reserve Work and Make Money?

    Learn what Reserve is and how it makes money through securing reservations at fine dining establishments for clients willing to pay for its premium service.
RELATED FAQS
  1. What happens if the Federal Reserve lowers the reserve ratio?

    Learn about the Federal Reserve's monetary policy and the tools it uses to control it. Understand what happens if the Federal ... Read Answer >>
  2. Why do commercial banks borrow from the Federal Reserve?

    Learn how commercial banks borrow from the Federal Reserve to meet minimum reserve requirements, and discover the pros and ... Read Answer >>
  3. Why do some people claim the Federal Reserve is unconstitutional?

    Learn why some people believe it was unconstitutional for the government to establish the Federal Reserve Bank and why they ... Read Answer >>
Hot Definitions
  1. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  2. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  3. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  4. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  5. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
  6. Enterprise Value (EV)

    Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market ...
Trading Center