In anticipation of new daylight overdraft regulations, the credit union industry's largest bankers' bank will stop transferring up to $22 billion in securities through the Federal Reserve Bank of Kansas City.

In October, Overland Park, Kan.-based U.S. Central Credit Union will move its securities, which have a par value of between $20 billion and $22 billion, to an undisclosed custodian charged with shifting them to and from U.S. Central.

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