# Federal Reserve Policy on Payment System Risk; Procedures for Measuring Daylight Overdrafts
> **US Federal Reserve System** · Policy statement. · Published 2014-12-05 · Effective 2014-12-05 · 79 FR 72112
## Document
- **Document number:** 2014-28664
- **Category:** other
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 79 FR 72112
- **CFR reference:** 12 CFR 210
- **Publication date:** 2014-12-05
- **Effective date:** 2014-12-05
- **Docket:** Docket No. OP-1472
## Abstract

The Board of Governors of the Federal Reserve System (Board) has adopted revisions to part II of the Federal Reserve Policy on Payment System Risk (PSR policy) related to the procedures for measuring balances intraday in institutions' accounts at the Federal Reserve Banks (Reserve Banks). The changes relate to the Board's procedures for posting debit and credit entries to institutions' Federal Reserve accounts for automated clearinghouse (ACH) debit transactions and commercial check transactions. Elsewhere in the Federal Register under Docket No. R-1473, the Board has adopted related changes to the Board's Regulation J that affect when paying banks settle for check transactions presented to them by the Reserve Banks. Additionally, in this document, the Board has adopted a set of principles for establishing future posting procedures for the Reserve Banks' same-day ACH service. The Board has also adopted a change in language of the PSR policy intended to clarify the Reserve Banks' administration of the policy for U.S. branches and agencies of foreign banking organizations. Finally, the Board has adopted two technical revisions to the posting procedures to reflect deposit deadlines already in effect for Treasury checks, postal money orders, local Federal Reserve Bank checks, and savings bond redemptions in separately sorted deposits.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/12/05/2014-28664/federal-reserve-policy-on-payment-system-risk-procedures-for-measuring-daylight-overdrafts)
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