The compound H3N center dot BH3 (1) is currently attracting considerable attention as a potential hydrogen storage material. Group 9 catalysts which rapidly and conveniently hydrolyze aqueous 1 in air are described. When treated with 1 mol % [{Rh(mu-Cl)(1,5-cod)}(2)] (cod = cyclooctadiene) in air, aqueous 1 undergoes rapid hydrolysis to afford the ionic species [NH4][BO2] in similar to 40 s. Higher catalyst loadings (3 mol %) result in a reduction in reaction time to 10 s. Quantification of the hydrogen evolved revealed that, on average, 2.8 of a maximum possible 3.0 equivalents (93%) were generated during the course of the reaction. Rh(0) species (e.g., Rh black, Rh stabilized on alumina, aqueous Rh colloids) were also found to be active hydrolysis catalysts, and evidence for a heterogeneous mechanism is provided. Significantly, although Ir(0) colloids are less active, aqueous Co(0) colloids are also effective catalysts for this process. This result is particularly important as Co, a first-row metal, is considerably more economical than the precious metal catalysts typically employed.