====== Nonbank Money ======
[[cbdc:public:cbdc_omg:8_append:20_glossary:start| Return to Glossary ]]

**Nonbank Money** is digital money held as balances at nonbank financial service providers.
These firms typically conduct balance transfers on their own books using a range of technologies, including mobile apps.

Source: [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf ]]

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