Ready or Not, Year 2000 Here We Come

Eighth District Improves Weekend Check Processing

Fed Discontinues Processing Definitive Securities

Bankers Discover Many Benefits of FedEDI

ETAs--An Opportunity to Expand Your Customer Base

ReserveNotes

BranchingOut
St. Louis Area Utilites Partner to Promote Direct Payment

Partnership Marketing Activities Resume

St. Louis Fed Consolidated Site for TIP and PATAX

When the Treasury Investment Program (TIP) and Paper Tax System (PATAX) replace the Treasury Tax and Loan (TT&L) Investment Program next year, customer support will shift from 12 operating sites to one--the St. Louis Fed.

The two centralized applications, implemented in mid-2000, have automated many functions and provide an opportunity to service financial institutions nationwide from one location.

The St. Louis Fed was chosen to develop the applications, as well as provide the consolidated customer support. An automated call distribution and tracking system, combined with training for financial institutions, will provide superior customer service. More information on specific training dates will be available later this year.

New District Quarters Begin 2001

By now you may have seen the new Delaware and Pennsylvania quarters since their January release kicked off the U.S. Mint's Fifty States Commemorative Coin Program.

Are you wondering when you'll see new quarters for the seven states in the Eighth District? The order in which the states entered the union or ratified the Constitution determines the coins' release. The program will occur over a 10-year period. A new quarter will be released every 10 weeks.

The U.S. Mint will release the quarters for Kentucky in 2001; Tennessee, Indiana and Mississippi in 2002; Illinois, Missouri and Arkansas in 2003. While the face (heads) of the quarters retain the familiar inscriptions and portrait of George Washington, each one will have a unique reverse (tails) design commemorating the state and incorporating the current reverse side inscriptions.

This program represents the first changes in the designs of the U.S. circulating coins since the Bicentennial in 1976. More information about the commemorative quarter program and how to submit a design for your state can be found at www.usmint.gov.

New Advisory Group Consults with Fed

The Federal Reserve Bank of St. Louis hosted its first meeting with the Financial Services Advisory Group earlier this year.

We formed this consortium of nine executive bankers from across the District to solicit feedback on our financial services, as well as discuss various issues and trends in the payments system.

This advisory group's primary goal is to help the Fed keep in touch with issues currently affecting financial institutions and with product information of interest to our customers. This will help improve our service and product development so your institution can better serve your customers.

The group plans to meet several times a year, with the next meeting later this summer. Membership rotates every two to three years. If you are interested in serving a term starting in 2001, call your local account executive or customer service representative.

Back to School with the Fed

The Eighth District will present a "Back to School" seminar series to discuss hot Fed topics and share information on financial services issues.

The one-day seminar will be piloted at the St. Louis Fed Sept. 16. We will consider offering the seminar at additional locations next year.

We encourage operations officers or managers, cashiers and marketing officers to attend.

The curriculum will allow participants to choose from six workshops on financial services topics, such as ACH marketing, electronic check services and cash. Attire will be casual to encourage interactive sessions, and workshops will allow plenty of time for questions.

Watch for a "class schedule" (i.e., invitation) in the mail to reserve your seat before "classes" fill up! If you have questions, call Laura Vermillion in St. Louis at (314) 444-8946.

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