District Circular Letters

June 21, 2000

BANKING SUPERVISION AND REGULATION:
COMMENT REQUESTED--
DEPOSIT DEADLINES AND PRICING
PRACTICES FOR AUTOMATED CLEARING HOUSE

To All Depository Institutions
and Others Concerned
in the Twelfth Federal Reserve District

Additional Comment Requested on Deposit Deadlines and Pricing Practices for Automated Clearing House (ACH) Transactions (Docket R-1037)

Based upon comments received in response to its request for comment in May 1999, the Board has concluded that the Federal Reserve Banks' deposit deadlines and pricing practices for ACH transactions should be modified. Comment is now requested on specific modifications that the Board believes would enhance competition in the provision of ACH operator services to depository institutions.

Comment is requested by July 25, 2000. Comments can now be e-mailed to the Board at regs.comments@Federalreserve.gov.

Copies

Copies of the Board's notice (Docket R-1037) are available from our Corporate Services Department. To request copies to be sent by mail, please call (415) 974-2060. To request copies to be sent by fax, please call (415) 974-3333, and specify document number 4167.

FEDERAL RESERVE BANK OF SAN FRANCISCO