What organization operates the central clearing facility for the ACH Network?

The central clearing facility for the Automated Clearing House (ACH) Network is operated by the Federal Reserve Bank or private-sector organizations. The ACH Network is a system that facilitates electronic payments and transfers, allowing for expedited and secure processing of transactions.

The Federal Reserve plays a crucial role in the operation and oversight of the ACH Network, providing the infrastructure that enables greater efficiency and reliability in handling electronic funds transfers. Additionally, various private-sector entities also participate in operating and facilitating ACH transactions, ensuring that the system can accommodate a vast number of transactions across different banking institutions and businesses.

The involvement of both the Federal Reserve and private-sector organizations highlights the mixed infrastructure of the ACH Network, combining public oversight with private operational expertise to ensure safety, efficiency, and accessibility for users.