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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.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102