Request for Comment on a Proposed Interim Policy Statement and a Package of Short- and Long-Term Proposals

Federal Reserve Bankll Kof DallasHELEN E. HOLCOMBDALLAS, TEXASFIRST VICE PRESIDENT ANDCHIEF OPERATING OFFICER July 3, 2001 75265-5906Notice 01-51TO: The Chief Executive Officer of eachfinancial institution and others concernedin the Eleventh Federal Reserve DistrictSUBJECTRequest for Comment on aProposed Interim Policy Statement and a Package ofShort- and Long-Term Proposals Regarding the Board’sPayments System Risk Policy; Rescission of theBoard’s Interaffiliate Transfer PolicyDETAILSThe Board of Governors of the Federal Reserve System has requested public comment on thedesirability of retaining the current $50 million limit on the transaction size of book-entry securitiestransfers on Fedwire. Comments must be received by August 6, 2001, and must refer to Docket No.R-1110.The Board also has requested public comment on a change to the procedures for measuringdaylight overdrafts in depository institutions’ Federal Reserve accounts. The modification will allowdebits associated with electronic check presentment transactions to post at 1:00 p.m. local time. Com-ments must be received by August 6, 2001, and must refer to Docket No. R-1109.The Board also has issued and requested comment on an interim policy statement that allowsa depository institution that has a self-assessed net debit cap (average, above average, or high) to pledgecollateral to its Federal Reserve Bank to access additional daylight overdraft capacity above its net debitcap ...