FEDERAL RESERVE SYSTEM 12 CFR Part 226 [Docket No. R-1037] Modifying Federal Reserve ACH Operations and Pricing Practices Relative to Private-Sector ACH Operators AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice; request for comments. SUMMARY: The Board requests comment on the benefits and drawbacks of modifying the Federal Reserve Banks' pricing practices and deposit deadlines for ACH transactions they exchange with private-sector ACH operators. These modifications may have implications for competition in the provision of ACH services, for the efficiency of the ACH system, and for long-term ACH volume growth. DATES: Comments must be submitted on or before August 6, 1999. ADDRESSES: Comments should refer to Docket No. R-1037 and 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 may also be delivered to the Board's mail room between 8:45 a.m. and 5:15 p.m. on weekdays, and to the security control room at all other times. The mail room and the security control rooms are accessible from the courtyard entrance on 20th Street between Constitution Avenue and C Street, N.W. Comments will be available for inspection and copying by members of the public in the Freedom of Information Office, Room MP-500, between 9:00 a.m. and 5:00 p.m. weekdays, except as provided in Section 261.8 of the Board's Rules Regarding Availability of Information. FOR FURTHER INFORMATION CONTACT: Jack K. Walton II, Manager (202/452-2660); Michele Braun, Project Leader (202/452-2819); or Jeffrey S. H. Yeganeh, Senior Financial Services Analyst (202/728-5801); for the hearing impaired only, contact Diane Jenkins, Telecommunication Device for the Deaf (TDD) (202/452-3544).

Summary and final rule (23 KB PDF)

1999 Banking and consumer regulatory policy