The purpose of this bulletin is to advise national banks and examiners of three amendments to National Automated Clearing House Association (NACHA) Operating Rules that became effective in 2004. As part of an effective risk management program, banks should implement procedures to ensure compliance with these and all other NACHA Operating Rules and related Office of the Comptroller of the Currency (OCC) and Federal Financial Institutions Examination Council (FFIEC) guidance. This bulletin supplements guidance on Automated Clearing House (ACH) activities outlined in the FFIEC IT Handbook, “Retail Payment Systems,” dated March 2004.

Purpose Background...