[Federal Register Volume 60, Number 164 (Thursday, August 24, 1995)]
[Rules and Regulations]
[Page 44144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20843]



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FEDERAL RESERVE SYSTEM
FEDERAL RESERVE SYSTEM

12 CFR Part 219

[Regulation S; Docket No. R-0807]


Reimbursement for Providing Financial Records; Recordkeeping 
Requirements for Certain Financial Records

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule; delay of effective date.

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SUMMARY: On January 3, 1995, the Board of Governors of the Federal 
Reserve System (Board) published a final rule that established Subpart 
B of Regulation S (60 FR 231), which cross-references the substantive 
provisions of a joint rule adopted by the Board and the Department of 
the Treasury on the same day. The joint rule requires enhanced 
recordkeeping related to certain funds transfers and transmittals of 
funds by financial institutions. The Board and the Department of the 
Treasury have delayed the effective date of the joint final rule until 
April 1, 1996, because of the uncertainty by financial institutions as 
to their responsibilities under the joint final rule with respect to 
international transfers pending final action on proposed amendments to 
the rule, which are published elsewhere in today's Federal Register. 
Because Subpart B of Regulation S relies on the joint final rule for 
its substantive provisions, its effective date is also delayed until 
April 1, 1996.

EFFECTIVE DATES: Effective August 24, 1995, the effective date of the 
final rule published on January 3, 1995, at 60 FR 231, is delayed until 
April 1, 1996.

FOR FURTHER INFORMATION CONTACT: Louise L. Roseman, Associate Director, 
202/452-2789; Gayle Brett, Manager, Fedwire Section, 202/452-2934; 
Division of Reserve Bank Operations and Payment Systems; Oliver 
Ireland, Associate General Counsel, 202/452-3625; or Elaine Boutilier, 
Senior Counsel 202/452-2418, Legal Division, Board of Governors of the 
Federal Reserve System. For the hearing impaired only, 
Telecommunication Device for the Deaf (TDD), Dorothea Thompson, 202/
452-3544.
    The effective date of the final rule published by the Board at 60 
FR 231, January 3, 1995, is delayed for three months from January 1, 
1996, to April 1, 1996.

    By the Board of Governors of the Federal Reserve System, August 
17, 1995.

William W. Wiles,

Secretary to the Board.

[FR Doc. 95-20843 Filed 8-23-95; 8:45 am]

BILLING CODE 6210-01-P