The Federal Reserve System is introducing two new web-based systems designed to give customers better access to accounting and billing information currently received via paper or FedLine®.

The new Account Management Information system (AMI) and Data Access System (DASy) for billing will debut this fall when more than 48 financial institutions nationwide pilot both applications.

AMI will enable institutions to view real-time accounting transactions, with drill-down capability, from the summary level to more detailed information on individual transactions. Customers will also have the option to download daily accounting statements and view several account monitoring reports.

DASy will offer customers online access to monthly service charge statements, similar to AMI, as well as drill-down capability.

Shortly after the pilot period concludes, self-guided computer-based training CDs will be distributed to customers in preparation for the application rollout, beginning in the first quarter of 2002. If you have any questions, contact Ranada Williams at (314) 444-8343 or 1-800-333-0810, ext. 44-8343.