Payment System Risk Policy; Daylight Overdraft Posting Rules
Fed · other · Published 2012-04-17 · Effective 2012-04-11 · 77 FR 22666
Document
Document number
2012-9211
Federal Register citation
77 FR 22666
CFR reference
12 CFR 204
Type
Rule
Action
Policy statement.
Category
other
Agency
US Federal Reserve System
Publication date
2012-04-17
Effective date
2012-04-11
Docket
Docket No. OP-1440
Abstract
The Board of Governors of the Federal Reserve System (Board) has revised its Policy on Payment System Risk (PSR Policy) to modify the posting rules to conform with procedural changes to the redemption of separately-sorted savings bonds and to eliminate a reference to the contractual clearing balance program.