Modifications to the Federal Reserve Banks' National Settlement Service and Fedwire® Funds Service To Support Enhancements to the Same-Day ACH Service and Corresponding Changes to the Federal Reserve Policy on Payment System Risk; Announcement of New Implementation Date, 61747 [2020-21532]
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Federal Register / Vol. 85, No. 190 / Wednesday, September 30, 2020 / Notices
Form Numbers: None.
Respondents/affected entities:
Exporters of chemical substances or
mixtures from the United States to
foreign countries.
Respondent’s obligation to respond:
mandatory (TSCA section 12(b) and 40
CFR part 707, subpart D.)
Estimated number of respondents:
198 (total).
Frequency of response: On occasion.
Total estimated burden: 2,934 hours
(per year). Burden is defined at 5 CFR
1320.03(b).
Total estimated costs: $230,198 (per
year), which includes $13,793,30 in
annualized capital or operation &
maintenance costs.
Changes in the estimates: There is an
overall decrease of 1,098 hours in the
total estimated respondent burden
compared with the ICR currently
approved by OMB. This decrease
reflects a net change with a large
decrease in burden due to the
anticipated use of e-reporting and a
small increase in burden due to other
minor changes in the assumptions and
related estimates. This change is an
adjustment to the estimates.
Courtney Kerwin,
Director, Regulatory Support Division.
request.htm. Interested persons may
express their views in writing on the
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)).
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than October 30, 2020.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Senior Vice President) 33
Liberty Street, New York, New York
10045–0001. Comments can also be sent
electronically to
Comments.applications@ny.frb.org:
1. The Adirondack Trust Company
Employee Stock Ownership Trust,
Saratoga Springs, New York; to acquire
50 additional shares of 473 Broadway
Holding Corporation and 2,000
additional shares of The Adirondack
Trust Company, both of Saratoga
Springs, New York.
Board of Governors of the Federal Reserve
System, September 25, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020–21647 Filed 9–29–20; 8:45 am]
BILLING CODE P
[FR Doc. 2020–21615 Filed 9–29–20; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL RESERVE SYSTEM
[Docket No. OP–1692]
FEDERAL RESERVE SYSTEM
jbell on DSKJLSW7X2PROD with NOTICES
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
VerDate Sep<11>2014
17:36 Sep 29, 2020
Jkt 250001
Modifications to the Federal Reserve
Banks’ National Settlement Service
and Fedwire® Funds Service To
Support Enhancements to the SameDay ACH Service and Corresponding
Changes to the Federal Reserve Policy
on Payment System Risk;
Announcement of New Implementation
Date
On December 30, 2019, the Board of
Governors of the Federal Reserve
System (Board) announced that it had
approved (i) modifications to the
Federal Reserve Banks’ (Reserve Banks)
payment services to facilitate adoption
of a later same-day ACH processing and
settlement window and (ii)
corresponding changes to the Federal
Reserve Policy on Payment System Risk
(PSR policy).1 The Board approved
these modifications and changes with
an implementation date of March 19,
2021.
The Board is amending the
implementation date for these
modifications and changes from March
19, 2021 to March 8, 2021, with the
exception of two changes to the PSR
1 84
PO 00000
FR 71940 (December 30, 2019).
Frm 00030
Fmt 4703
Sfmt 4703
61747
policy that will still be implemented on
March 19, 2021.2 This earlier
implementation date will permit the
Reserve Banks to test and implement
modifications to the Fedwire® Funds
Service and the National Settlement
Service before March 19, 2021, which is
Nacha’s current effective date for
implementing the later same-day ACH
window.
Questions regarding this notice may
be directed to Michael Ballard, Senior
Financial Institution and Policy Analyst
(202–452–2384); Ann Sun, Lead
Financial Institution and Policy Analyst
(202–912–7938), Division of Reserve
Bank Operations and Payment Systems;
for users of Telecommunication Devices
for the Deaf (TDD) only, contact (202–
263–4869).
Board of Governors of the Federal Reserve
System, September 24, 2020.
Ann Misback,
Secretary of the Board.
[FR Doc. 2020–21532 Filed 9–29–20; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in or to
Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12
CFR part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
2 Specifically, on March 19, 2021, the Board will
(i) add a 6:00 p.m. ET posting time for settlement
of commercial and government same-day ACH
transactions, including return items, and (ii) remove
the current 5:30 p.m. ET posting time for
commercial and government same-day ACH return
items, because these return items will post at the
new 6:00 p.m. ET posting time. The Board is
amending the implementation date for a third
change to the PSR policy—an adjustment to the
formula for calculating daylight overdraft fees—
from March 19, 2021 to March 8, 2021.
E:\FR\FM\30SEN1.SGM
30SEN1
]]>Agencies
[Federal Register Volume 85, Number 190 (Wednesday, September 30, 2020)]
[Notices]
[Page 61747]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21532]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
[Docket No. OP-1692]
Modifications to the Federal Reserve Banks' National Settlement
Service and Fedwire[supreg] Funds Service To Support Enhancements to
the Same-Day ACH Service and Corresponding Changes to the Federal
Reserve Policy on Payment System Risk; Announcement of New
Implementation Date
On December 30, 2019, the Board of Governors of the Federal Reserve
System (Board) announced that it had approved (i) modifications to the
Federal Reserve Banks' (Reserve Banks) payment services to facilitate
adoption of a later same-day ACH processing and settlement window and
(ii) corresponding changes to the Federal Reserve Policy on Payment
System Risk (PSR policy).\1\ The Board approved these modifications and
changes with an implementation date of March 19, 2021.
---------------------------------------------------------------------------
\1\ 84 FR 71940 (December 30, 2019).
---------------------------------------------------------------------------
The Board is amending the implementation date for these
modifications and changes from March 19, 2021 to March 8, 2021, with
the exception of two changes to the PSR policy that will still be
implemented on March 19, 2021.\2\ This earlier implementation date will
permit the Reserve Banks to test and implement modifications to the
Fedwire[supreg] Funds Service and the National Settlement Service
before March 19, 2021, which is Nacha's current effective date for
implementing the later same-day ACH window.
---------------------------------------------------------------------------
\2\ Specifically, on March 19, 2021, the Board will (i) add a
6:00 p.m. ET posting time for settlement of commercial and
government same-day ACH transactions, including return items, and
(ii) remove the current 5:30 p.m. ET posting time for commercial and
government same-day ACH return items, because these return items
will post at the new 6:00 p.m. ET posting time. The Board is
amending the implementation date for a third change to the PSR
policy--an adjustment to the formula for calculating daylight
overdraft fees--from March 19, 2021 to March 8, 2021.
---------------------------------------------------------------------------
Questions regarding this notice may be directed to Michael Ballard,
Senior Financial Institution and Policy Analyst (202-452-2384); Ann
Sun, Lead Financial Institution and Policy Analyst (202-912-7938),
Division of Reserve Bank Operations and Payment Systems; for users of
Telecommunication Devices for the Deaf (TDD) only, contact (202-263-
4869).
Board of Governors of the Federal Reserve System, September 24,
2020.
Ann Misback,
Secretary of the Board.
[FR Doc. 2020-21532 Filed 9-29-20; 8:45 am]
BILLING CODE 6210-01-P
