Federal Reserve System July 25, 2006 – Federal Register Recent Federal Regulation Documents

Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-11818
Type: Notice
Date: 2006-07-25
Agency: Federal Reserve System, Agencies and Commissions
Federal Reserve Payment System Risk Policy: Modified Procedures for Measuring Daylight Overdrafts
Document Number: E6-11765
Type: Notice
Date: 2006-07-25
Agency: Federal Reserve System, Agencies and Commissions
The Board of Governors of the Federal Reserve System (Board) has adopted changes to its Policy on Payments System Risk affecting the procedures for measuring daylight overdrafts. Funds transfers that the Reserve Banks function for certain international organizations using systems other than their payments processing systems will be posted throughout the business day, which is the same treatment as for Fedwire funds transfers.