Roll up your sleeves, Reg CC is coming. (funds availability regulation)

On September 1, 1988, all banks must be in compliance with Regulation CC, the Federal Reserve's implementation of the Expedited Funds Availability Act, passed in 1987 as Title VI of the Competitive Equality Banking Act. At the outset, the regulation will increase financial institutions' risk at many stages, will increase costs, and will decrease productivity. Some of the priority areas that banks and thrifts should address in order to comply are: 1. implications of available hold disclosure options, 2. the effect of the regulation's disclosure requirements on teller productivity, 3. the effect of new disclosure requirements on automated teller machines, 4. handling of accounting for multiple deposits in one day from a single customer, 5. determination of the method to be used to return dishonored checks, 6. reassessment of the cost-effectiveness of the forward collection scheme, 7. corporate customer preparation for new endorsement requirements, and 8. employee preparation.