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Thursday, January 1, 1998

National Financial Services Web Site Coming in January

Beginning January 1999, bankers can visit one web site to learn about all Federal Reserve financial services. The site will feature information on all national services and products, as well as updates on Fed initiatives. It will be accessible from any Reserve Bank site, including the St. Louis Fed's site at

In addition to Fed services like Accounting, ACH and Book-Entry, the national site also will include a link to the Treasury and other useful sites. The centralized maintenance of the site will enable Reserve Banks to concentrate on posting and maintaining local service information on their own sites.

For additional information, call Cheryl McCarthy at (314) 444-8459.

FCA National Report Now Available

The Federal Reserve's Functional Cost and Profit Analysis (FCA) National Average (NAV) Report for the 1997 data year now is available. This report contains averaged income, expense and product profitability data for all FCA participants, grouped by size. Thousands of institutions purchase the NAV annually to benchmark their costs and to help set prices. This year, for the first time, the NAV is available in both a printed version and a diskette version (in read-only, Adobe Acrobat format). There are separate reports for commercial banks and credit unions, and all reports are $150 each.

Institutions can receive their own cost accounting data in a tailored report prepared specifically for them, along with free copies of the NAV in print and diskette versions, by participating in the FCA program. To request an order form for the NAV or information on participation in the FCA program, please call Dan Horton at (314) 444-8629.