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Federal reserve Bank
OF DALLAS
WILLIAM H. WALLACE
FIR S T VICE P R E S ID E N T
DALLAS, TEXAS 7 5 2 2 2
December 3, 1986
Circular 86-102
TO: The Chief Executive Officer of
all financial institutions in the
Eleventh Federal Reserve District
SUBJECT
Extension of the comment period for proposal regarding automated
clearinghouse float recovery
DETAILS
The Board of Governors of the Federal Reserve has extended the
comment period from Novmeber 21 to December 22, 1986, on a proposal to recover
the costs of automated clearinghouse (ACH) float.
The proposal outlines a method of recovering the costs of float
generated by ACH transactions. Because of interest in this proposal by the
banking community, the comment period was extended. The Dallas Fed encourages
Eleventh District institutions to comment on the issue. In addition, this
Bank would appreciate a copy of any comments your institution forwards to the
Board. Copies should be sent to the attention of Mr. Richard D. Ingram,
Federal Reserve Bank of Dallas, Station K, Dallas, Texas 75222.
ATTACHMENTS
The Federal Register document describing the proposal and where to
send comments is attached.
MORE INFORMATION
For more information on the proposal or the extension of the comment
period, please contact Mr. Larry C.Ripley at (214) 651-6118 or Ms. Jonnie K.
Miller 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)
FE D ERAL RE S E R V E SYSTE M
[Docket No. R-0579]
A u t o m a t e d C l e aring House Float R e c o v e r y
AGENCY:
Board of G o v e rnors of the Fede ra l Re serve System.
ACTION:
E x t e nsion of the comm en t period.
SUMMARY:
co mment
On
on
automated
This
proposals
clear ing
request
costs
September 17,
set
of float
the
night
per
item
Comments
rega rd in g
house
forth
and
a
by ACH
were
by
requests,
the
de l e gate d authority,
12
of
on
(Docket
of
21,
cycle
Board,
costs
No.
of
R-0579).
processed
in
A CH
1986.
publi c
re co vering
re du ction
night
the
C.F.R.
the
tr an sactions
November
Secretary
requ es te d
of
meth od
corresponding
a s s essed
Bo ar d
float
a proposed
surcharge
due
the
recover y
("ACH")
generated
cycle
1986,
In
during
current
tr an sa ctions.
re sp on se
acting
§ 265.2(a)(6),
the
the
to
pu r s u a n t
has
to
ex tended
the
comment peri o d for 30 days.
DATE:
Comments must now be recei ve d by December 22,
ADDRESS:
Comments,
m ay be m a iled
System,
D. C.
w h ich
to the Board
20th Street and
20551,
to
the
Secretary,
or
5:15
p.m.
Comments
8:45
a.m.
and
should
may
5:15 p.m.,
§ 261.6(a).
Doc ke t
to
be
room
of
Mr.
B- 2223
insp ec te d
except
as
No.
R-0579,
of the Fe deral
C o n s titution Avenue,
the Board's Ru les R e g a r d i n g
C.F.R.
to
of G o v e rnors
attention
d e l i vered
refer
1986.
N. W.,
William
betw ee n
in
room
Re serve
Was hi ng to n,
W.
Wiles,
8:45
a.m.
B - 1122
and
betw ee n
pr o v i d e d
in
S 261.6(a)
the A v a i l a b i l i t y
of
Information,
of
12
2-
-
FOR FU R T H E R
Dir ec to r
INFORMATION
CONTACT:
(202/452-3879),
(202/452-3955),
Di v i s i o n
of
or
Julius
Federa l
Fl orence
F.
Device
Ear n e s t i n e
Dorot h e a
G o v e rnors
of
or
the
Fe deral
for
Bank
the
Hamilton,
Young,
Manag er
A s s i stant
Advisor
(202/452-3878),
O perations;
Deaf
T h o mpson
Reserve
G.
M.
Oreska,
Reserve
Telecommunications
Hill
Earl
("TDD")
or
users,
(202/452-3544),
System,
Washin gt on ,
Bo ar d
D.
of
C.
20551.
By
or der
of
the
Bo ar d
R e s e r v e System, November 19,
of
Governors
of
the
Federal
1986.
W i l l i a m W. Wile s
Sec re tary of the Board
@FedFRASER