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Potential Modifications to the Federal Reserve Policy on Payment System Risk to Expand Access to Collateralized Intraday Credit, Clarify Access to Uncollateralized Credit, and Support the Deployment of the FedNow Service [OP-1749]

The Board is requesting comment on proposed changes to part II of the Federal Reserve Policy on Payment System Risk (PSR policy) that would expand access to collateralized intraday credit from the Federal Reserve Banks and clarify the eligibility standards for accessing uncollateralized intraday credit from Reserve Banks. In addition, the Board is requesting comment on changes to part II of the PSR policy to support the deployment of the FedNow? Service. Relatedly, the Board is proposing to incorporate the Federal Reserve Policy on Overnight Overdrafts into the PSR policy. 

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Last update: February 24, 2012