Board of Governors of the Federal Reserve System

The Board has revised part II of the Federal Reserve Policy on Payment System Risk related to the procedures for measuring balances intraday in institutions’ accounts at the Federal Reserve Banks to conform with enhancements to the Reserve Banks’ same-day automated clearinghouse service previously approved by the Board. The policy statement revisions became effective September 23, 2016 (Federal Reserve Policy Statement on Payment System Risk, Docket OP-1544) and were published in the Federal Register on July 22, 2016.