FedFacts

New Services Directory Available

The 1998 Directory of the Federal Reserve Bank of St. Louis now is available. This publication gives an up-to-date listing of frequently contacted departments, people and phone numbers at all Eighth District offices. To order copies of the directory, call Anne Guthrie at (314) 444-8810.

Fed's Retail Payments Office Moves to Atlanta, Cleveland

The Federal Reserve has announced that the Atlanta Fed, in partnership with the Cleveland Fed, will manage its Retail Payments Product Office. Previously, the Boston Fed handled the Retail Payments Office, which is responsible for overseeing the Fed System's check and ACH services nationwide and for developing strategic plans for these functions.

The Federal Reserve also announced that it has established a Business Development Office at the Chicago Fed to coordinate and oversee product and service development, marketing and customer relationships.

CDC Testing with the Fed

Starting July 1, financial institutions will be able to test their major applications for Century Date Change (CDC) compliance. In the coming weeks, the Fed will send out a survey to institutions asking about their specific plans for testing with the Federal Reserve.

At a minimum, customers with interfacing front- and back-end systems, Fedwire Funds Transfer, National Book-Entry Securities and other mission-critical applications should test in the Fed's CDC test environments. For additional information about the Eighth District's CDC program, call Jeff Dale at (314) 444-8400.

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Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.