7100-AE06 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 7100 Federal Reserve System FRS Regulation J--Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfer through Fedwire (Docket No: R-1473)

The Board of Governors of the Federal Reserve System (Board) is proposing amendments to Regulation J to permit the Reserve Banks to obtain settlement from paying banks by as early as 8:30 a.m. ET for checks that the Reserve Banks present. These proposed amendments are necessary to implement the proposed method for posting debits and credits to banks' Federal Reserve accounts to measure daylight overdrafts under the Federal Reserve Policy of Payment System Risk.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No 12 CFR 210 12 USC 248(i)(j) 12 USC 342 12 USC 464 12 USC 360 ... No Board Requested Comment 12/10/2013 78 FR 74041 Board Expects Further Action 11/00/2014 Undetermined Businesses None No No No No Susan Foley Senior Associate Director 7100 Federal Reserve System FRS 202 452-3596 Reserve Bank Operations and Payments System Division, Samantha Pelosi Manager 7100 Federal Reserve System FRS 202 530-6292 Division of Reserve Bank Operations and Payment Systems,