Effective August 16: Amendments to Operating Circular 1

July 16, 2021

Effective August 16, 2021, the Federal Reserve Banks are amending Operating Circular 1, Account Relationships. The revisions are designed to update some terminology to be consistent with current billing systems and to also improve the readability of the document.

Please see the Operating Circulars page for more information, including the amended operating circular, summary of changes and redlined comparison documents.

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