BREAKING:

Federal Reserve establishes new emergency measures regarding banking policies at regional and local banks to stabilize banking system to prevent crisis.

Under terms of the new policy, account holders, including depositors, of regional and local banks will be prohibited from withdrawing sums of cash in excess of $1000 USD per 30 day period. Banking institutions will be supported by the Federal Reserve to onboard to new FedPay cards, a program in concert with major merchant and payment providers (Visa, MasterCard, Diners, Amex).

Restrictions will be enacted to prevent transferring funds between institutions in amounts greater than $25000 USD per 30 day period. Requests for transfers in excess of the allotment will be frozen for internal review.

For scheduled release at 5:00 PM.

Not real. Yet.