Extension of Comment Period on Consultation Paper Pertaining to Intraday Liquidity Management and Payment System Risk Policy
November 22, 2006
Circular No. 11823

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

The Federal Reserve Board has announced an extension of the comment period on a consultation paper that is intended to help the Board obtain broader information on intraday liquidity management issues and to lay the groundwork for discussions about the long-term evolution of its Payment System Risk (PSR) Policy. The comment period will be extended for ninety days to March 15, 2007.

The consultation paper seeks information from the financial industry and other interested parties on their experience in managing intraday liquidity, credit and operational risks associated with Fedwire funds transfers and associated transactions, especially late-day transfers.

See the press release for full details.

Press release OFFSITE
Board’s notice OFFSITE PDF

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