Check 21 Encourages Efficiency in Check Processing

Fed Releases 2003 CRA/HMDA Reporter

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Banking Supervision Division Conducts Banker Visits

Community Banks Tap into "Cedars" to Grow Deposits

RegionalRoundup

St. Louis Fed Announces Facilities Renovation

Retail Deposit Sweep Programs Turn 10

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Fed Offers New Products in Response to Check 21

Now that Check 21 has passed, the Federal Reserve has announced that it will continue to offer existing check services along with developing new products and services. Some of these new products include: forward and return image cash letters, image cash letter conversion and image cash letter delivery. For more information about these new products, contact your local account executive or visit www.frbservices.org.

Fed Announces Changes to Regulation D

The Federal Reserve has amended Regulation D, Reserve Requirements by Depository Institutions, by:

• increasing the amount of transaction accounts to which the lowest reserve requirements (3 percent) will apply, from $42.1 million to $45.4 million, and
• increasing the amount of reservable liabilities subject to a zero percentage, from $6.0 million to $6.6 million.

These changes are effective with the maintenance periods beginning Dec. 25, 2003, for weekly reporters of FR 2900 data, and Jan. 15, 2004, for quarterly reporters. For further information, please contact Hillary Debenport at (314) 444-8488, or 1-866-666-8316.

New York Fed Creates New Online Publications Catalog

The New York Fed recently unveiled its new web site, www.newyorkfed.org, which includes a redesigned publications catalog. Students, teachers, bankers and the general public may view, order and/or subscribe to a variety of publications and videos produced throughout the Federal Reserve System by visiting www.newyorkfed.org/publications/frame1.cfm.

Federal Agencies Release New Consumer Protection Brochure

A collection of federal agencies, including the Federal Reserve Board of Governors, has released a new consumer-protection publication, "Putting Your Home on the Line Is Risky Business." Information inside this publication includes:

• guidance on avoiding potential borrowing pitfalls, including high-cost predatory home loans,
• tips for getting the best financing deal possible and
• a worksheet to help consumers shop for a home loan.

A link to the online version of this publication can be found at www.stlouisfed.org/consumer.

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