![]() ![]() Speaking in Kansas City in 2019, former Fed vice chair Lael Brainard said the central bank does "not have regulatory authority over the pricing set by a private-sector system or to require a private-sector system to extend the service to banks of all sizes, particularly the last mile." Acknowledging that some other countries have given their central banks that authority, Brainard said "this is not the approach that Congress has taken," instead leaving the Fed with a "role as an operator."Īnd it is true that EFTA doesn't mention pricing or faster payments - the terminology in the statute primarily deals with checks and wire transfers. It's worth noting that the Fed does not think it has the authority to tell banks what networks they have to use. But costs associated with joining RTP or FedNow are at the very least negotiable, and the transaction costs will similarly benefit from the greater volume that would follow from expanded membership. There is a legitimate question of costs associated with joining RTP or FedNow, and the separate but related question of transaction costs, which almost no matter what are greater than what banks have been used to with the horse-and-buggy ACH networks. That is because bank customers are used to payments taking several days to clear and accustomed to paying extra money when charges come in when they have insufficient funds. But making banks use faster payments for everyday transactions would change customers' expectations about what is possible in the payment settlement world.īy contrast, not issuing such a mandate would relegate faster payments - this shiny new service that the Fed has either been deliberating about whether to build or building for a decade or more - to being a premium service reserved for special occasions or emergencies. ![]() The last remaining step to making FedNow a success is revising Regulation CC to require banks to execute transactions using the fastest means available to them.įor many banks, that method may very well be the old tried-and-true ACH batch clearing networks - it is the fastest available, after all, if you have not joined RTP or FedNow and have no intention of doing so. The work of bringing faster payments to the United States, however, is not yet done. They can also get away with not doing stuff they're supposed to do for a long time - even indefinitely. Agencies can take a long time to develop regulations even when sufficiently motivated, but they can also get into trouble if they drag their feet when they're not. The same phenomenon is true of government agencies when Congress mandates that they issue some or other regulation to solve a problem. But like it or not, kids have to go to the dentist sooner or later, and stalling does nothing but delay the inevitable. This phenomenon can be explained as a matter of insufficient motivation - going to the pool is fun, going to the dentist is not. When it's time to go to the dentist, they turn into the people on TV commercials who can't make an egg or carry a box of spaghetti. When it's time to go to the pool or a birthday party, their shoes are on, bags are packed and they're ready to go. My kids - and this is true of all other little kids I know - can be selectively lazy. ![]() Any followers regardless of voice pitch and looks can become lovers and the lamb doesn't have a specific gender to start with (the devs specifically mentioned that one some time ago).Rafapress/Rafael Henrique. The devs kinda dodged that topic entirely. also thx for that info i was just putting any new members just to worship and they did nothing There is no gender afaik. Oh so i guess you just have to make a guess as to what the followers gender is by the pitch in there voice. So be careful not to stack everyone on the same job, as then only those who can't do said job will switch to others and that only temporarily. Reloading the area usually changes this.Īs a side note, if you indocrinate someone and give them a specific job like tending farms, they will prioritize this job over others as long as there is work to be done. Also, when you send someone who's been doing any of the other jobs I mentioned above to worship, they won't change their outfit immediately. If you send them to do any other job (chop wood, tend farm, etc) they keep the ragged shirt. Originalmente postado por Lamb Sauce:From what I've seen, if you indocrinate someone and send them immediately to worship, they get the long robe (most of the time anyway and only if there is enough space). ![]()
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