St. Louis Fed's Web Site Has a New Address and a Brand New Look and Feel

Are You Covered in a Cash Contingency Situation?

Eighth District Has Moved from Paper to Electronic Distribution

Another Way to Stay Informed

Customer Support Moves
to the Minneapolis Fed

Spotlight on the DTF Archive

FedACH Information Services Available

Reserve Notes

Updated EFTPS Handbook Available

System Initiatives Underway to "Clean Up" Return Checks

Check Adjustments Workshops Coming

Back to School Seminars Given an A++

LDRIN Is Coming

Another new service, Large Dollar Return Item Notification (LDRIN) will be added to FedLine^® for the Web Check Services later this year. Currently, LDRIN is available on DOS-based FedLine. LDRIN messages serve as an early warning that checks ($2,500 or more) are being returned unpaid.

FedACH File Edit Change

A change to FedACH edit procedures, which was effective in July, aligned the stale date and duplicate file parameters. Now, the stale date edit checks for file creation dates that are older than four days. Previously, the stale date edit looked for files that were more than five days old.

The duplicate file edit will continue to check for files transmitted to FedACH within the previous four processing days.

When a file pends as a result of failing either the stale date or duplicate file edits, a FedACH staff member contacts the depositing customer or its agent for instructions about the disposition of the pended file. Occurrences of files caught in the gap between stale dated and duplicate file edits have been rare. By changing FedACH edit procedures, future occurrences can be avoided altogether.

Questions about FedACH edit procedures or this edit change should be directed to the ACH Operations Support staff at 1-888-333-2180.

Net Settlement Gets New Name

In August, the Fed’s Net Settlement Service was renamed the National Settlement Service. The new name more accurately reflects the function of the service, which supports multilateral settlement of financial obligations, whether or not the obligations are netted. There has been no change to the service itself, which continues to provide a fully automated real-time national settlement facility with immediate payment finality.

Also in August, Reserve banks began offering settlement agents web-based inquiry access into the National Settlement Service. For the first time, agents can now directly monitor their own settlement activity. There will be no change to the process for submitting settlement files to the Reserve banks.

For more information, visit www.frbservices.org, or contact the National Settlement Service at 1-800-758-9403.

50 States Quarter^TM Program

This month, the last of the 2002 commemorative state quarters, Mississippi, is scheduled to be released. Next year will be another busy year for Cash Operations, with three of the seven states in the Eighth District being commemorated. The 2003 release schedule is:

Visit www.usmint.gov, or call 1-800-USA-MINT for more information.

"FedLine" is a registered trademark of the Federal Reserve Banks.

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