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FEDERAL RESERVE SYSTEM

12 CFR Part 229

[Regulation CC; Docket No. R-0926]

Availability of Funds and Collection of Checks

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule.

SUMMARY: The Board has adopted amendments to its Regulation CC relating to the availability of funds and collection of checks. The amendments do not represent any major policy changes and are intended to clarify the regulation and, in some cases, reduce the compliance burden for depository institutions.

EFFECTIVE DATE: April 28, 1997.

FOR FURTHER INFORMATION CONTACT: Florence Young, Assistant Director (202/452-3955), Division of Reserve Bank Operations and Payment Systems; Stephanie Martin, Senior Attorney (202/452-3198), Heatherun Allison, Attorney (202/452-3565), Legal Division; Manley Williams, Attorney (202/452-3667), Kyung Cho-Miller, Attorney (202/452-2412), and Obrea Poindexter, Attorney (202/452-2412), Division of Consumer and Community Affairs. For the hearing impaired only, contact Dorothea Thompson, Telecommunications Device for the Deaf (TDD) (202/452-3544), Board of Governors of the Federal Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551.

Summary and final rule (156 KB PDF)

1997 Banking and consumer regulatory policy
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Last update: March 19, 1997 2:00 PM