FEDERAL RESERVE SYSTEM
Federal Reserve Bank Services
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Request for comment.
SUMMARY: The Board is requesting comment on whether the last fifteen minutes of the Fedwire funds transfer operating day, from 6:15 p.m. to 6:30 p.m. Eastern Time, should be restricted to funds transfers sent and received by banks for their own account in order to facilitate banks' end-of-day management of their Federal Reserve accounts.
DATES: Comments must be submitted on or before August 12, 1998.
ADDRESSES: Comments, which should refer to Docket No. R-1014, may be mailed to Ms. Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, D.C. 20551. Comments addressed to Ms. Johnson may also be delivered to the Board's mail room between 8:45 a.m. and 5:15 p.m., and to the security control room outside of those hours. Both the mail room and the security control room are accessible from the courtyard entrance on 20th Street between Constitution Avenue and C Street, N.W. Comments may be inspected in room MP-500 between 9:00 a.m. and 5:00 p.m., except as provided in Section 261.8 of the Board's Rules Regarding the Availability of Information, 12 CFR 261.8.
FOR FURTHER INFORMATION CONTACT: Louise Roseman, Associate Director (202/425-2789), Jeff Stehm, Manager (202/452-2217), or Gina Sellitto, Financial Services Analyst (202/728-5848), Division of Reserve Bank Operations and Payment Systems. For the hearing impaired only: Telecommunications Device for the Deaf, Diane Jenkins (202/452-3544).
Summary and request for comment (17 KB PDF)
1998 Banking and consumer regulatory policy