The Federal Reserve Board on May 23, 2000, requested additional comments on deposit deadlines and pricing practices for automated clearinghouse (ACH) transactions. Comments are requested by July 25, 2000.
Based upon comments received in response to its earlier request for comments in May 1999, the Board has concluded that the Federal Reserve Banks' deposit deadlines and pricing practices for ACH transactions they exchange with private-sector ACH operators should be modified and is now requesting comments on specific modifications that it is considering. The Board believes that adopting these modifications would enhance competition in the provision of ACH operator services to depository institutions.
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|Publication:||Federal Reserve Bulletin|
|Article Type:||Brief Article|
|Date:||Jul 1, 2000|
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