Little Rock and Louisville Nearing Dates for Check Conversions

U.S. Treasury Unveils Redesigned $50 Bill

Expecting the Best—Preparing for the Worst

St. Louis Fed Implements Fuel Surcharges for Cash Letters and Check Services

The FACT Act Helps Bankers Mitigate Risks

Regional Roundup

U.S. Postal Service Asks Banks to Help Fight Money Order Fraud

Budget Deficits and Interest Rates: What Is the Link?

Fed Facts

Calendar /
Out For Comment

Global Pressures on Local Autonomy: Challenges to Urban Planning for Sustainability and Development

Louisville—Sept. 4-8

The International Urban Planning and Environment Association’s sixth international symposium, which is co-sponsored by the Federal Reserve Bank of St. Louis and the Center for Environmental Policy and Management at the University of Louisville. For more information, visit
www.stlouisfed.org/community/conferences.html or www.cepm.louisville.edu.

Brownfields 2004: Gateway to Revitalization

St. Louis—Sept. 20-22

An annual event co-sponsored by the Environmental Protection Agency and the International City/County Management Association. The conference will feature interactive discussions, educational presentations and opportunities to network with business, government and nonprofit organizations working in brownfield redevelopment. For more information, visit www.stlouisfed.org/community/conferences.html or www.brownfields2004.org.

Out for Comment

The following is a Federal Reserve System proposal currently out for comment:

On April 21, the Board of Governors requested public comment on proposed revisions to Part II of its Policy Statement on Payments System Risk, which addresses risk management for payments and securities settlement systems.

The proposed revisions update the policy in light of current industry and supervisory risk management approaches and new international risk management standards for payments and securities settlement systems. In addition, the proposed revisions provide further clarification regarding the policy's objectives, scope and application.

Direct all comments to: Jennifer Johnson, secretary, Board of Governors
of the Federal Reserve System, 20th St. and Constitution Ave., N.W., Washington, D.C. 20551. Comments are due by July 26, 2004.

For more information about this proposal, visit
www.federalreserve.gov/boarddocs/press/bcreg/2004/20040421/default.htm.

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