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'State of the Cities' event set for March 26


‘State of the Cities’ event set for March 26
Written by Town Crier Report
The annual Los Altos-Los Altos Hills “State of the Cities” luncheon is scheduled as a virtual event 11:30 a.m. March 26.
Hosted by the Los Altos Chamber of Commerce, event attendees include city, county, state and national legislators as well as local leaders.
Mayor Neysa Fligor of Los Altos and Mayor Kavita Tankha of Los Altos Hills will each present their respective “State of the City” address.
Santa Clara County Supervisor Joe Simitian will attend, and the chamber has extended invitations to other elected officials to attend and to speak briefly, including U.S. Rep. Anna Eshoo, State Sen. Josh Becker and Assemblymember Marc Berman. ....

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More Than 110 Organizations Will Participate in the FedNow Pilot Program


More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.” ....

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