The Federal Reserve System will introduce two new web-based informational tools during the second and third quarters of 2003. Eventually, these enhancements will replace DOS-based FedLine®.
ReserveCalc allows financial institutions to check reserve requirements, access position reports and drill-down on various report items, such as as-of adjustments data and close-of-business account balances.
An additional feature is the Balance Calculator, which institutions can use to determine the balances they should hold each day in order to achieve a zero net position. The calculator automatically updates every day after the Federal Reserve records an institution's close-of-business account balance and processes as-of adjustments.
The calculator also will function as an interactive decision-making tool. Institutions will be able to:
Daylight Overdraft Reporting and Pricing System (DORPS) is a new web-based service that will be rolled into the Account Management Information system. Five reports will be available:
If you have any questions about these two new services, contact your account executive.