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FE D E R A L R E S E R V E B A N K O F D A L L A S Station K, Dallas, Texas 7 5 2 2 2 Circular No. 84-112 November 27, 1984 TO: All depository Reserve District institutions in the Eleventh Federal ATTENTION: Operations Officer/Reserve Account Manager SUBJECT: New Federal Reserve Deposit Schedule DETAILS: The Federal Reserve System will implement uniform pricing policies for ACH deposits beginning December 17, 1984. The new uniform deposit schedule will apply to all originators of ACH files. Automated Clearinghouse (ACH) This new schedule is a result of the Federal Reserve's ongoing efforts to enhance its ACH services. Also it is responsive to the need expressed by depository institutions that ACH deposit deadlines be uniform nationwide. The schedule also offers institutions desiring to deposit files presorted by receiving Federal Reserve office later deposit times that reflect the preprocessed work they originate. Features of the new schedule include extending the interregional closing time to 11:00 p.m. (Eastern time) for mixed files and to 12:00 a.m. for consolidated presort files deposited at the local Federal Reserve office. In addition, the night cycle closing time for files that contain intraregional items only and interregional presort deposits that are sent directly by an originator to the receiving Federal Reserve office is 1:30 a.m. Also, the day cycle interregional closing time will be extended to 10:30 a.m. for mixed files and to 11:30 a.m. for consolidated presort files deposited at the local Federal Reserve office. The day cycle closing time for files that contain intraregional only and interregional presort deposits that are sent directly by the originator to the receiving Federal Reserve office also has been extended to 1:00 p.m. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - ATTACHMENTS: New ACH schedule MORE INFORMATION: Jonnie K. Miller, Extension 6403 ADDITIONAL COPIES: Public Affairs Department, Extension 6289 Extension 6290 or B.B . Sessions, FEDERAL RESERVE SYSTEM ACH DEPOSIT SCHEDULE EFFECTIVE DECEMBER 17, 1984 CLOSING TIMESl Files Without Remakes Day Cycle Night Cycle With Remake Earlier Deposit By X Hours^ INTERREGIONAL: 10:30 a.m. Mixed 11:00 p.m. 2.5 11:30 a.m. 12:00 a.m. 3.0 Presort * Consolidated * Direct 1:00 p.m. 1:30 a.m. 2.5 INTRAREGIONAL 1:00 p.m. 1.30 a.m. 2.5 Closing times represent the end of the deposit window. Originated files must be completely received (e.g., data transmissions fully concluded) by the closing time. Originating points using data transmission, especially those having large and/or variable volumes of deposits, should coordinate the beginning of their transmission within the window to insure completion by the closing time. These closing times apply uniformly to all Federal Reserve offices that process commercial ACH. All times are Eastern time. 2 Originators wishing an opportunity to resubmit files that fail ACH edits should meet an earlier closing time than that published for files without remakes by the indicated number of hours.