Autumn 1998

News and Views
for
Eighth District Bankers

St. Louis Fed Gets New Face on the Web

The St. Louis Fed recently rolled out a revamped, more user friendly site. Information on the site now is divided into six categories: general information, banking information, community affairs, economic research, education and publications.

Fed to Offer Shared CDC Weekend Testing

The St. Louis Fed will offer the first shared Century Date Change (CDC) weekend testing Sept. 18 and 19.

Price Stability and Financial Stability: Competing or Compatible?

David C. Wheelock, an assistant vice president in the St. Louis Fed's Research Division, analyzes whether controlling inflation should be the paramount objective of monetary policy.

Successful Introduction of New $20 Note Deemed Critical

The introduction of the redesigned $20 note in late September will have the greatest impact yet on the public.

What Qualifies as a CRA Investment?

The revised CRA regulation defines qualified investments as an investment, deposit, membership share or grant that has community development as its primary purpose.

Feditorial: New Research Indicates Financial Institutions Are Key to ACH Growth

Hank Bourgaux, a senior vice president at the Federal Reserve Bank of St. Louis, discusses the importance of a recent Fed-sponsored research study on attitudes toward direct deposit and direct payment.

Regional Roundup

• Direct Deposit Week Coming in October
• Fed to Offer New Net Settlement Service
• Offline Activities Shifting to Boston Fed
• Fed Updates Mississippi Delta Resource Directory

Fed Facts

• New Savings Bond Offers Inflation Hedge
• 1997 HMDA Data Available

Please send comments or questions regarding Central Banker to
Stephen.P.Greene@stls.frb.org