Effective March 18: Amendments to Operating Circular 3
February 16, 2024
Effective March 18, 2024, the Federal Reserve Banks are amending Operating Circular (OC) 3, Collection of Cash Items and Returned Checks.
The amendments to the OC and its appendices include, among other things, the recent changes that the Treasury Department’s Bureau of the Fiscal Service made to regulations that govern Treasury checks to include notice to financial institutions when Treasury has stopped payment on a check.
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.