[Federal Register Volume 61, Number 240 (Thursday, December 12, 1996)]
[Notices]
[Page 65405]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-31577]


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FEDERAL RESERVE SYSTEM
[Docket No. R-0937]


Policy Statement on Payments System Risk; Modified Procedures for 
Measuring Daylight Overdrafts; Correction

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Policy statement; correction.

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SUMMARY: This document corrects the announced effective date of recent 
amendments to the Policy Statement on Payments System Risk, which 
established daylight overdraft posting times for payments associated 
for Treasury investments resulting from electronic federal tax 
payments. These amendments were effective under the Small Business 
Regulatory Enforcement Fairness Act of 1996, on December 9, 1996. The 
amendments to the policy statement as published at 61 FR 58691, 
however, incorrectly stated that they were effective November 18, 1996, 
the date of publication in the Federal Register.

EFFECTIVE DATE: Effective November 18, 1996, the effective date for the 
amendments to the policy statement is corrected to be December 9, 1996.

FOR FURTHER INFORMATION CONTACT: Paul Bettge, Manager (202/452-3174), 
Heidi Richards, Senior Financial Services Analyst (202/452-2598), 
Division of Reserve Bank Operations and Payment Systems; for the 
hearing impaired only: Telecommunications Device for the Deaf, Dorothea 
Thompson (202/452-3544).

    By order of the Board of Governors of the Federal Reserve 
System, December 9, 1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-31577 Filed 12-11-96; 8:45 am]
BILLING CODE 6210-01-P