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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)


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