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Working Paper

Pricing Daylight Overdrafts

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An examination of three policy problems associated with daylight credit and an evaluation of three reform proposals to alleviate the payment system risk associated with Federal Reserve Banks’ extension of daylight credit to financial institutions.
12.01.1988ISSN 2573-7953 WP 88-16DOI 10.26509/frbc-wp-201314

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Stevens, Edward. 1988. “Pricing Daylight Overdrafts.” Federal Reserve Bank of Cleveland, Working Paper No. 88-16. https://doi.org/10.26509/frbc-wp-201314