ABA keeps an eye on payments system policies. (American Bankers Association, Federal Reserve)(ABA Government Relations) (column)

ABA Banking Journal | September 1, 1991| | Copyright

Watchdogging the Federal Reserve on payments-system issues is a fulltime job at ABA. Recent association comment letters and other efforts have nearly matched the steady flow of paperwork out of the nation's central bank. Daylight overdrafts. The daylight overdraft issue, for example, has managed to keep the paper flowing for more than a decade. The Fed has steadily sought to reduce what it has seen as an extension of credit to the banking system. In 1989 the Fed proposed to price intra-day credits to shrink its own credit risk exposure and reduce threats to the payments ...

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