Payment System Risk

Last Updated: July 10, 2015

This page provides links to resources that can assist depository institutions in complying with the Federal Reserve Policy on Payment System Risk (PSR policy).

The following revisions to the PSR policy, effective July 23, 2015, are designed to enhance the efficiency of the payment system by aligning the PSR posting rules more closely with current operations for automated clearing house (ACH) debit transactions and commercial check transactions and strategically position the rules for future advancements in the speed of clearing and settlement. The Federal Reserve Board amended the PSR policy to:

  • Move the posting time for ACH debit transactions to 8:30 AM ET from 11:00 AM ET to align with the posting of ACH credit transactions.  
  • Establish new posting times for commercial check credits and debits at 8:30 AM ET, 1:00 PM ET, and 5:30 PM ET.

Questions regarding the PSR policy changes may be directed to your local Credit and Risk Management Department staff.  For more information on how to comply with the PSR Policy, please see the resources listed below: