Market Responses to Pricing Fedwire Daylight Overdrafts

FRB Richmond Economic Review, Vol. 75, No. 3, May/June 1989, pp. 23-34

12 Pages Posted: 2 Nov 2012

See all articles by David B. Humphrey

David B. Humphrey

Florida State University - Department of Finance

Date Written: 1989

Abstract

The Federal Reserve is considering pricing daylight overdrafts on Fedwire. The market could respond in four ways. Estimates of the effect of each on reducing overdrafts leads to the conclusion that funds transfer overdrafts could virtually be eliminated.

Suggested Citation

Humphrey, David B., Market Responses to Pricing Fedwire Daylight Overdrafts (1989). FRB Richmond Economic Review, Vol. 75, No. 3, May/June 1989, pp. 23-34, Available at SSRN: https://ssrn.com/abstract=2125368

David B. Humphrey (Contact Author)

Florida State University - Department of Finance ( email )

Tallahassee, FL 32306-1042
United States
850-644-7899 (Phone)
850-668-6696 (Fax)

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