Now that Check 21 has passed, the Federal Reserve has announced that it will continue to offer existing check services along with developing new products and services. Some of these new products include: forward and return image cash letters, image cash letter conversion and image cash letter delivery. For more information about these new products, contact your local account executive or visit www.frbservices.org.
The Federal Reserve has amended Regulation D, Reserve Requirements by Depository Institutions, by:
These changes are effective with the maintenance periods beginning Dec. 25, 2003, for weekly reporters of FR 2900 data, and Jan. 15, 2004, for quarterly reporters. For further information, please contact Hillary Debenport at (314) 444-8488, or 1-866-666-8316.
The New York Fed recently unveiled its new web site, www.newyorkfed.org, which includes a redesigned publications catalog. Students, teachers, bankers and the general public may view, order and/or subscribe to a variety of publications and videos produced throughout the Federal Reserve System by visiting www.newyorkfed.org/legacy_assets/publications/frame1.cfm.
A collection of federal agencies, including the Federal Reserve Board of Governors, has released a new consumer-protection publication, "Putting Your Home on the Line Is Risky Business." Information inside this publication includes:
A link to the online version of this publication can be found at http://www.federalreserveconsumerhelp.gov/?District=8.