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Press Release
September 23, 2015

Federal Reserve Board approves enhancements to Reserve Banks'
same-day ACH service
For release at 10:00 a.m. EDT

The Federal Reserve Board on Wednesday announced the approval of enhancements to the
Federal Reserve Banks' same-day automated clearing house (ACH) service. The enhancements
are intended to align the Reserve Banks' same-day ACH service with recent amendments to
NACHA's ACH operating rules and will facilitate the use of the ACH network for certain time-critical
payments, accelerate final settlement, and improve funds availability to payment recipients.
The enhancements become effective September 23, 2016, and require receiving depository
financial institutions (RDFIs) to participate in the service and originating depository financial
institutions (ODFIs) to pay a fee to RDFIs for each same-day ACH forward transaction.
The enhancements will be adopted by incorporation of NACHA's amended operating rules into
Operating Circular 4, governing the Reserve Banks' ACH services.
The Board's Federal Register notice is attached.
Federal Register notice
For media inquiries, call 202-452-2955

Last Update: September 23, 2015