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Federal R eserve Bank OF DALLAS W ILLIAM H. W ALLACE DALLAS, TEXAS 7 5 2 2 2 F IR S T V ICE P R E S ID E N T April 23, 1986 Circular 86-36 TO: The Chief Executive Officer of all depository institutions in the Eleventh Federal Reserve District SUBJECT Modification to interim terms for treating ACH net settlement entries for credit transactions DETAILS The Federal Reserve Board has approved a modification to the interim terms for treating automated clearing house (ACH) net settlement entries for credit transactions. Until the Board adopts policies to address ACH and net settlement risks, net settlement entries for ACH credit transactions will be treated as final at 5:00 p.m. Central Time on the settlement date. Net settlement data for these transactions would be submitted during the morning of the settlement date. Net settlement entries for ACH debit transactions will continue to be treated as provisional until the business day following the settlement date, like ACH debit transactions processed by the Federal Reserve. When the Board adopts final policies to control ACH and net settlement risks, it is likely that other restrictions and conditions or data reporting requirements may be requested in conjunction with obtaining ACH net settlement services. MORE INFORMATION For further information, please contact B. B. Sessions at (214) 651-6403, Tracy Whitten at (214) 698-4349, or Jonnie K. Miller, Manager, Electronic Payments Division, at (214) 651-6290. Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)