Working Paper

Pricing daylight overdrafts


Abstract: An examination of three policy problems associated with daylight credit and an evaluation of three reform proposals to alleviate the payment system risk associated with Federal Reserve Banks' extension of daylight credit to financial institutions.

Keywords: Federal Reserve banks; Electronic funds transfers; Payment systems; Overdrafts;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1988

Number: 8816