| For immediate release |
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The Federal Reserve Board today requested additional comment on deposit deadlines and pricing practices for automated clearing house (ACH) transactions. Comments are requested by July 25, 2000. Based upon comments received in response to its request for comment in May 1999, the Board has concluded that the Federal Reserve Banks' deposit deadlines and pricing practices for ACH transactions they exchange with private-sector ACH operators should be modified and now is requesting comment on specific modifications that it is considering. The Board believes that adopting these modifications would enhance competition in the provision of ACH operator services to depository institutions. The Board's notice is attached. |
2000 Banking and consumer regulatory policy