Skip to Content

Rule

Availability of Funds and Collection of Checks (Regulation CC)

Document Details

Information about this document as published in the Federal Register.

Document Statistics
Document page views are updated periodically throughout the day and are cumulative counts for this document including its time on Public Inspection. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day.
Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble Start Printed Page 45403

AGENCY:

Board of Governors of the Federal Reserve System (Board).

ACTION:

Final rule; correction.

SUMMARY:

The Board published a final rule in the Federal Register on July 3, 2019 amending Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), to implement a statutory requirement in the EFA Act to adjust the dollar amounts under the EFA Act for inflation, incorporate the Economic Growth, Regulatory Relief, and Consumer Protection Act and made certain other technical amendments. This document corrects errors in amendatory instructions affecting the Board's rules.

DATES:

Effective July 1, 2020.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Gavin Smith, Senior Counsel, (202) 452-3473, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551.

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

This document corrects errors in amendatory instructions in a final rule published on July 3, 2019, affecting 12 CFR 229.12, 229.13 and 229.21 of the Board's rules.

Correction

In final rule FR Doc. 2019-13668 published in the Federal Register on July 3, 2019 (84 FR 31687), beginning on page 31696, make the following corrections:

[Corrected]
Start Amendment Part

1. On page 31696, in the third column, correct amendatory instruction 6.a. to read as follows:

End Amendment Part Start Amendment Part

6. In § 229.12:

End Amendment Part Start Amendment Part

a. Remove “$400” and add in its place “$450” and remove “$100” and add in its place “$225” in paragraph (d); and

End Amendment Part Start Amendment Part

2. On page 31697, in the first column, remove amendatory instruction 7.

End Amendment Part
[Amended]
Start Amendment Part

3. On page 31697, in the first column, add amendatory instruction 7a to read as follows:

End Amendment Part
[Amended]
Start Amendment Part

7a. In § 229.13, remove “$5,000” and add in its place “$5,525” in paragraphs (a)(1)(ii), (b), and (d)(2).

End Amendment Part
[Corrected]
Start Amendment Part

4. On page 31697, in the first column, add amendatory instruction 7b to read as follows:

End Amendment Part
[Amended]
Start Amendment Part

7b. In § 229.21, remove “$1,000” and add in its place “$1,100” and remove “$500,000” and add in its place “$552,500.”

End Amendment Part Start Signature

Board of Governors of the Federal Reserve System, August 22, 2019.

Ann E. Misback,

Secretary of the Board.

End Signature End Supplemental Information

[FR Doc. 2019-18658 Filed 8-28-19; 8:45 am]

BILLING CODE P