Effective October 28: Amendments to Operating Circulars 3, 4 and 5
October 1, 2024
Effective October 28, 2024, the Federal Reserve Banks will amend Operating Circulars 3 through 5. Important changes are highlighted below. Please note this is not an exhaustive list of all amendments.
| Operating Circular | Highlighted Changes |
|---|---|
| Operating Circular 3, Collection of Cash Items and Returned Checks | The terms under which the Federal Reserve Banks will expand the FedDetect® Duplicate Treasury Check Notifier Service, which, as part of the expansion, will now be known as FedDetect Duplicate Notification for Check Services. |
| Operating Circular 4, Automated Clearing House Items | The removal of the Exception Resolution Service appendix, which is being updated and moved to Operating Circular 5. |
| Operating Circular 5, Electronic Access | The addition of a new appendix that states the terms applicable to access and use APIs that are made available by the Reserve Banks, and a new appendix that states the terms under which the Reserve Banks provide the Exception Resolution Service. General updates to various provisions within OC 5 are also included. |
Please see the Operating Circulars page for more information, including the amended operating circular, a more detailed summary of changes and a redlined comparison document. Please direct any questions or concerns to the Support Center.