The source monitoring framework (SMF; M. K. Johnson, S. Hashtroudi, & D. S. Lindsay, 1993) posits that source monitoring can be supported by varying degrees of recollection. Source judgments were made for words heard at study (male or female voice) followed by remember/know (RK) judgments in order to assess differences in degrees of recollection during source monitoring (J. L. Hicks, R. L. Marsh, & L. Ritschel, 2002). The neural correlate of recollection was examined by contrasting event-related potentials (ERPs) for R and K responses that followed accurate source judgments. The recollection ERP effect was greater for R than K responses but greater for K responses than correct rejections, which reinforces the behavioral evidence that indicates source monitoring can be supported by varying degrees of recollection. A robust late posterior negativity ERP effect was present and began earlier for accurate source judgments given subsequent R than K responses. This is interpreted as reflecting systematic decision processes that are described by the SMF. (Contains 2 figures, 2 tables and 5 footnotes.)