Federal Reserve System September 28, 2015 – Federal Register Recent Federal Regulation Documents

Enhancements to Federal Reserve Bank Same-Day ACH Service
Document Number: 2015-24551
Type: Notice
Date: 2015-09-28
Agency: Federal Reserve System, Agencies and Commissions
The Board of Governors (Board) has approved enhancements to the Federal Reserve Banks' (Reserve Banks) same-day automated clearing house (ACH) service. The enhancements require receiving depository financial institutions (RDFIs) to participate in the service and originating depository financial institutions (ODFIs) to pay a fee to RDFIs for each same-day ACH forward transaction. The enhancements will be adopted by incorporation of NACHA's amended operating rules into Operating Circular 4, governing the Reserve Banks' ACH services.