settlement relative to the precrisis period. The decrease in daylight overdrafts reduced credit risk for the Federal Reserve and … activity. The measures led to a substantial decrease in daylight overdrafts extended by the Federal Reserve and a quickening of …. Interestingly, both improvements were the focus of the revisions to the Federal Reserve’s Payment System Risk policy, adopted in …

An analysis of the potential effects of three recent proposals for pricing Federal Reserve daylight overdrafts … affects overdrafts, and that this should be a criterion for choosing among the pricing proposals. …

A discussion of international, domestic, pricing, and operational aspects of electronic payment system risk, with a … description of proposals for managing the risk and for reducing Federal Reserve exposure. …