Federal Reserve Policy on Payment System Risk; Procedures for Measuring Daylight Overdrafts
Fed · other · Published 2016-07-22 · Effective 2016-09-23 · 81 FR 47692
Document
Document number
2016-17334
Federal Register citation
81 FR 47692
Type
Rule
Action
Policy statement.
Category
other
Agency
US Federal Reserve System
Publication date
2016-07-22
Effective date
2016-09-23
Docket
Docket No. OP-1544
Abstract
The Board of Governors of the Federal Reserve System (Board) has revised 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) to conform with enhancements to the Reserve Banks' same-day automated clearinghouse (ACH) service previously approved by the Board.