St. Louis Fed's Web Site Has a New Address and a Brand New Look and Feel

Are You Covered in a Cash Contingency Situation?

Eighth District Has Moved from Paper to Electronic Distribution

Another Way to Stay Informed

Customer Support Moves
to the Minneapolis Fed

Spotlight on the DTF Archive

FedACH Information Services Available

Reserve Notes

Updated EFTPS Handbook Available

System Initiatives Underway to "Clean Up" Return Checks

Check Adjustments Workshops Coming

Back to School Seminars Given an A++

FedLine for the Web Series – Part 1

Spotlight on the DTF Archive

Later this year, financial institutions can try out the Documents to Follow (DTF) Archive, a new service offered on FedLine^® for the Web that streamlines the check adjustment process.

The DTF Archive is an electronic database that contains images of material needed to support your institution’s check adjustment cases, such as copies of checks, live items and forms claiming late return. Once scanned into the archive, this information is automatically matched with its corresponding adjustment case by means of a special cover sheet. Web customers don’t have to prepare this cover sheet because it will automatically be generated out of the FedLine for the Web application.

This enhancement comes on the heels of implementing the Enterprise-Wide Adjustments system, a software platform that streamlines adjustment research and resolution at the Fed. Making it possible for financial institutions to transmit additional documentation via the web was the final step in making the check adjustment process electronic from start to finish. Not only is the potential for lost documents significantly reduced, but cases can also be resolved more quickly.

The process is more complex for financial institutions that use DOS-based FedLine or submit adjustment requests on paper. Until these customers start using FedLine for the Web, archive cover sheets must be manually prepared, which takes more time and increases the risk of data-entry errors.

In addition, these institutions aren’t able to take advantage of the new archive functionality that gives FedLine for the Web customers access to a 12-month history of their adjustment activity, including advices, acknowledgements and check images. Access to this information helps when customers are researching adjustment cases—no more tedious phone calls to the Fed asking for copies of old, lost or misplaced documents!

If you haven’t yet signed up for FedLine for the Web services, we encourage you to explore the new platform so that you can take advantage of this latest development in the check adjustment process. Check out the “Get Started with FedLine for the Web” link at www.frbservices.org or contact your account executive. To learn more about the DTF Archive and how it can enhance your operation, be sure to attend one of the check adjustments workshops this November. (See page six for dates.)

The DTF Archive is just one of the value-added services FedLine for the Web offers over the DOS-based platform. Many bankers are already taking advantage of other functions available exclusively on the web platform, such as Account Management Information (AMI) and Service Charge Information (SCI).

This article is the first in a Payments Quarterly series highlighting unique FedLine for the Web services, so stay tuned!

"FedLine" is a registered trademark of the Federal Reserve Banks.

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