Summer 1999
News and Views
for
Eighth District Bankers

Fed Develops TIP, PATAX Systems to Replace TT&L

Beginning mid-year 2000, two new systems--the Treasury Investment Program (TIP) and PATAX--will replace the current Treasury Tax and Loan (TT&L) system.

Electronic Payments Continue to Rise, Fed Study Reveals

The Federal Reserve has commissioned a two-phased national study this year to gather information on retail payment volumes, attitudes and trends.

Fed's Y2K Messages Designed to Reassure Public

To allay the public's fears and doubts about the banking system's Y2K readiness, the Federal Reserve has prepared four core messages that it intends to use in all of its communications.

Y2K Customer Checklist

A list of actions that financial institutions can provide to their customers to prepare for Y2K.

Fed Introduces Online Electronic Data Reporting

In April, the Federal Reserve began offering online data reporting for
financial institutions.

The Stock Market: Fundamentally Sound or on the Bubble?

St. Louis Fed economist Adam M. Zaretsky examines whether market fundamentals are causing the seemingly unending rise in recent stock prices.

Feditorial: Providing a Bridge to the Community

William Poole, president and CEO of the St. Louis Fed, provides views on the Fed's Community Affairs efforts.

Regional Roundup

• St. Louis Fed Publishes Homebuyers Guide
• One-Stop Shopping for Direct Payment Utility Bills
• Agencies Withdraw "Know Your Customer" Rule after Unprecedented Response

Fed Facts

• Fed Offers New ACH Service
• Fed Updates Regulation CC Brochure
• In Plain Englishon the Internet

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