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FRS RIN: 7100-AE06 Publication ID: Fall 2014 
Title: Regulation J--Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfer through Fedwire (Docket No: R-1473)  
Abstract:

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.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 210   
Legal Authority: 12 USC 248(i)(j)    12 USC 342    12 USC 464    12 USC 360    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  12/10/2013  78 FR 74041   
Board Expects Further Action  11/00/2014 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Susan Foley
Senior Associate Director
Federal Reserve System
Reserve Bank Operations and Payments System Division,
Phone:202 452-3596

Samantha Pelosi
Manager
Federal Reserve System
Division of Reserve Bank Operations and Payment Systems,
Phone:202 530-6292