[Federal Register Volume 63, Number 251 (Thursday, December 31, 1998)]
[Proposed Rules]
[Pages 72216-72217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34495]


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FEDERAL RESERVE SYSTEM

12 CFR Part 229

[Regulation CC; Docket No. R-1027]


Availability of Funds and Collection of Checks

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is extending the comment period on its proposal to amend Regulation CC 
to allow banks that consummate a merger on or after July 1, 1998, and 
before June 1, 1999, greater time to implement software changes related 
to the merger. The Secretary of the Board, acting pursuant to delegated 
authority, has extended the comment period from January 4, 1999 to 
February 1, 1999, to provide additional time for public comment.

DATES: Comments must be received by February 1, 1999.

ADDRESSES: Comments, which should refer to Docket No. R-1027, may be 
mailed to Ms. Jennifer Johnson, Secretary, Board of Governors of the 
Federal Reserve System, 20th and C Streets, N.W., Washington, D.C. 
20551. Comments addressed to Ms. Johnson may also be delivered to the 
Board's mail room between 8:45 a.m. and 5:15 p.m., and to the security 
control room at all other times. Both the mail room and the security 
control room are accessible from the courtyard entrance on 20th Street 
between Constitution Avenue and C Street, N.W. Comments may be 
inspected in room MP-500, pursuant to Sec. 261.12 of the Board's Rules 
Regarding Availability of Information, between 9:00 a.m. and 5:00 p.m., 
except as provided in Sec. 261.14 of those same Rules. (12 CFR 261.12 
and 261.14)

FOR FURTHER INFORMATION CONTACT: Jean Anderson, Staff Attorney, Legal 
Division (202/452-3707). For the hearing impaired only, 
Telecommunications Device for the Deaf (TDD), Diane Jenkins (202/452-
3544).

SUPPLEMENTARY INFORMATION: On December 2, 1998, the Board requested 
comment in response to a notice of proposed rulemaking on amendments to 
Regulation CC (63 FR 66499). Under the proposal, comments were due by 
January 4, 1999. In order to allow affected parties additional time to 
respond to the proposal the Board is extending the comment period to 
February 1, 1999. This extension will not delay the Board in providing 
its report to the Congress.

    By order of the Secretary of the Board, acting pursuant to 
delegated authority for the

[[Page 72217]]

Board of Governors of the Federal Reserve System, December 23, 1998.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 98-34495 Filed 12-30-98; 8:45 am]
BILLING CODE 6210-01-P