What kinds of institutions commonly use FedLine software?

FedLine software is primarily used by smaller financial institutions, such as community banks and credit unions, to access the Federal Reserve's payment services. This software provides a secure connection to the Federal Reserve for various transactions, including funds transfers and settlement services, which are essential for institutions with lower transaction volumes or limited resources.

While large multinational corporations may engage in financial transactions with the Federal Reserve, they typically use different systems tailored to their scale and complexity. Government regulatory agencies and educational institutions do not primarily engage with the Federal Reserve's payment systems in the same context as financial institutions. Therefore, smaller financial institutions are the most common users of FedLine software, as it effectively meets their specific needs for payment solutions and offers the necessary support for their operational scale.