United States Government Publishing Office
publisher
pbl
distributor
dst
United States
National Archives and Records Administration
Office of the Federal Register
author
aut
Government Organization
text
government publication
eng
FR
Regulatory Information
2001_register
executive
2010-09-24
article
Policy Statement on Payments System Risk Potential Longer-Term Policy Direction
Notices
D09002ee1bdf64519
D09002ee1bdf645e9
United States
Federal Reserve System
originator
org
United States Government Agency or Subagency
The Board has extended the deadline for its request for comment on the potential longer-term direction of its payments system risk (PSR) policy (66 FR 30208, June 6, 2001). The longer-term policy options include the following: (1) Lowering single-day net debit cap levels to approximately the current two-week average cap levels and eliminating the two-week average net debit cap, (2) implementing a two- tiered pricing regime for daylight overdrafts such that institutions pledging collateral to the Reserve Banks pay a lower fee on their collateralized daylight overdrafts than on their uncollateralized daylight overdrafts, and (3) monitoring in real time all payments with settlement-day finality and rejecting those payments that would cause an institution to exceed its net debit cap or daylight overdraft capacity level.
66 FR 49385
https://www.govinfo.gov/app/details/FR-2001-09-27/01-24132
01-24132
fr27se01-79
6210-01-P
Docket No. R-1111
https://www.govinfo.gov/app/details/FR-2001-09-27/01-24132
https://www.govinfo.gov/content/pkg/FR-2001-09-27/html/01-24132.htm
https://www.govinfo.gov/content/pkg/FR-2001-09-27/pdf/01-24132.pdf
1 p.
49385
49385
66 FR 49385
Policy Statement on Payments System Risk Potential Longer-Term Policy Direction; Federal Register Vol. 66, Issue
NOTICE
01-24132
FEDERAL RESERVE SYSTEM
2001-11-16
Docket No. R-1111
6210-01-P
01-24132
Extension of comment deadline.
The Board has extended the deadline for its request for comment on the potential longer-term direction of its payments system risk (PSR) policy (66 FR 30208, June 6, 2001). The longer-term policy options include the following: (1) Lowering single-day net debit cap levels to approximately the current two-week average cap levels and eliminating the two-week average net debit cap, (2) implementing a two- tiered pricing regime for daylight overdrafts such that institutions pledging collateral to the Reserve Banks pay a lower fee on their collateralized daylight overdrafts than on their uncollateralized daylight overdrafts, and (3) monitoring in real time all payments with settlement-day finality and rejecting those payments that would cause an institution to exceed its net debit cap or daylight overdraft capacity level.
Comments must be received by November 16, 2001.
Paul Bettge, Associate Director (202/ 452-3174), Stacy Coleman, Manager (202/452-2934), or John Gibbons, Senior Financial Services Analyst (202/452-6409), Division of Reserve Bank Operations and Payment Systems.
Reports and guidance documents; availability, etc.:
Payments system risk; policy statements
Potential longer-term policy direction,
regs.comments@federalreserve.gov
Federal Register
Vol. 66, no. 188
Office of the Federal Register, National Archives and Records Administration
2001-09-27
continuing
daily
deposited
born digital
248 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2001-09-27
P0b002ee180a1aacc
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr27se01
https://www.govinfo.gov/app/details/FR-2001-09-27
https://www.govinfo.gov/content/pkg/FR-2001-09-27/pdf/FR-2001-09-27.pdf
https://www.govinfo.gov/content/pkg/FR-2001-09-27/xml/FR-2001-09-27.xml
fdlp
49271
49510
DGPO
2010-09-24
2023-05-04
FR-2001-09-27
machine generated
eng
FR
FR-2001-09-27
66
188