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l l★K Federal Reserve Bank of Dallas HELEN E. HOLCOMB DALLAS, TEXAS 75265-5906 FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER April 26, 1999 Notice 99-25 TO: The Chief Operating Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Policy Statement on Payments System Risk DETAILS The Board of Governors of the Federal Reserve System has modified the daylight overdraft posting rules to include the posting time for settlement entries processed through the enhanced settlement service. Also, the footnote numbering scheme will be changed to eliminate the duplication of footnote reference numbers and allow for continuous footnote numbering. The policy statement became effective March 29, 1999. ATTACHMENT A copy of the Board’s notice as it appears on pages 13799–800, Vol. 64, No. 54 of the Federal Register dated March 22, 1999, is attached. MORE INFORMATION For more information, please contact James Smith at (214) 922-5585. For additional copies of this Bank’s notice, contact the Public Affairs Department at (214) 922-5254. Sincerely, For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.