“All Systems Go” for
Check 21 Launch

Getting 100 Percent Next-Day Credit: It's So Easy

Fed Moves to Actual Availability Accounting Practices for Check Services

We’re Counting Down
to March 31st

Reserve Notes

Learn How to Stay Moves Ahead of Your Competition

Board of Governors Proposes Changes to Cash Recirculation Policy

Federal Reserve Consolidates Administrative Billing Functions

Customer Satisfaction with TT&L Remains High

Fed Announces Upcoming
2004 Customer Events

Fed Contacts

Getting 100 Percent Next-Day Credit: It's So Easy!

Imagine receiving full credit for your total cash letter amount the morning after it is processed, with just a single bookkeeping entry for the entire deposit. You can make this a reality when you sign up for the Fed’s Explicit Float pricing option.

With the Explicit Float pricing option, you’ll receive one credit on your Federal Reserve accounting statement for the total dollar amount of each calculated availability cash letter the morning after it is processed. That means you can invest the funds right away and avoid the complicated calculations needed to track deferred dollars and reconcile your account.

In simple terms, next-day credit of your cash letter funds increases your bottom line, simplifies bookkeeping, increases investment power and improves your balance sheet.

Any financial institution that deposits a calculated availability Fed cash letter will benefit from Explicit Float. So, take advantage of Explicit Float and make the most of your funds. It’s simple—sign up online at www.stlouisfed.org/financial or www.clevelandfed.org/market and choose “Explicit Float,” or contact Sales and Customer Support at 1-888-333-2538 for more information.

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