For immediate release

The Federal Reserve Board today requested comment on the benefits and drawbacks of providing settlement finality on the morning of the settlement day for ACH credit transactions processed by the Federal Reserve. If the Board were to provide morning-of-settlement-day finality for ACH credit transactions, it would adopt risk control measures equivalent to those used in the Fedwire funds transfer and enhanced settlement services, which would have similar finality characteristics. The Board is interested in commenters' views on the policy and operational implications of such risk control measures. Comments are requested by March 18, 1999. The Board's notice is attached.

Summary only | Summary and notice (29 KB PDF)

1998 Banking and consumer regulatory policy