There's no doubt that the World Wide Web opened a vast doorway that allows for the exchange of information not possible just a few years ago. The Federal Reserve is taking heed. To provide interactive products and services to meet the needs of our customers, the Federal Reserve's national Financial Services web site has recently been redesigned, and the St. Louis Fed's web site is currently undergoing construction. Read on to learn more...

Financial Services Web Site

You will now notice a new look for the Federal Reserve's national Financial Services web site at www.frbservices.org. The site has been revised to serve as the single portal for both service information and transaction capabilities for FedLine® for the Web applications. A number of enhancements have also been made to the portal, in response to customer input and feedback.

At www.frbservices.org, you can still access a wide variety of service information as you did before, plus, if you are an authorized user, you will soon be able to conduct transactions, such as ordering cash or savings bonds. Note the green field on the left of the home page. All service areas listed at the top relate to "FedLine® Transactions;" all other service areas are listed below under "Service Information." At the very bottom of the green field is the button, "We'd Like Your Feedback!" After you've had a chance to browse through the Financial Services site, please take moment to send us your comments online.

You'll also notice several other key enhancements to this site, including:

• E-Payments Routing Directory--Determine Fedwire® participants' eligibility for Funds and Securities transfers and information about eligible FedACH participants listed on the Federal Reserve's Composite Receiver File (CRF). Each participant's name and telegraphic name, city and state, routing number and eligibility status can now be found online.

• Product Code Dictionary (PCD)--Enter a Fed billing code, the service and the office providing the service--the PCD will show you all information associated with that billing code.

• Clearing Balance Calculator (CBC)--Calculate the estimated clearing balance required to generate earnings credits equal to the level of eligible Federal Reserve service charges for your institution. Both the PCD and CBC can be found under the Accounting button.

St. Louis Fed's Web Site

A work group within the St. Louis Fed is currently exploring how the St. Louis Fed's web site at www.stls.frb.org should be remodeled. The group has been charged with developing a site that is professional, accurate and timely, yet fun and interactive.

Before they go much further, though, they'd like to gather input from district customers. A feedback form, posted on the home page at www.stls.frb.org, is designed to capture your thoughts about content, design, format, navigation and more.

We encourage you to surf our existing web site, then complete and submit the feedback form as soon as possible. We'll keep you posted on future web site developments.