FEDERAL RESERVE SYSTEM
12 CFR Part 229
Regulation CC; Docket No. [R-1027]
Availability of Funds and Collection of Checks.
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice of proposed rulemaking; extension of comment period.
SUMMARY: The Board of Governors of the Federal Reserve System ( Board) is extending the comment period on its proposal to amend Regulation CC to allow banks that consummate a merger on or after July 1, 1998, and before June 1, 1999, greater time to implement software changes related to the merger. The Secretary of the Board, acting pursuant to delegated authority, has extended the comment period from January 4, 1999 to February 1, 1999, to provide additional time for public comment.
EFFECTIVE DATE: Comments must be received by February 1, 1999.
ADDRESSES: Comments, which should refer to Docket No. R-1027, may be mailed to Ms. Jennifer Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, 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 at all other times. 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, pursuant to § 261.12 of the Board's Rules Regarding Availability of Information, between 9:00 a.m. and 5:00 p.m., except as provided in § 261.14 of those same Rules. (12 CFR 261.12 and 261.14)
FOR FURTHER INFORMATION CONTACT: Jean Anderson, Staff Attorney, Legal Division (202/452-3707). For the hearing impaired only, Telecommunications Device for the Deaf (TDD), Diane Jenkins (202/452-3544).
Summary and notice of proposed rulemaking (15 KB PDF)
1998 Banking and consumer regulatory policy