Financial Update (First Quarter 2004)


 Directors Under
 More Scrutiny

 Fed Studies Checks
 and E-payments

 Mexican Secondary
 Mortgage Market

 Fed Emphasizes
 CIBCA Compliance

 Guynn Stresses
 Long-Term Policy

 Kohn Says U.S. Is
 Key in World

 New Tool for

 New Sixth
 District Directors

 Two Newsletters


 Did You Know?

 Data Bank

 Circular Letters



Fed Financial Services, Retail Payments
Launch Newsletters

The Federal Reserve System’s Financial Services and Retail Payments offices have each launched a newsletter to inform customers of developments in payments services.

The Retail Payments Office (RPO), headquartered at the Atlanta Fed, launched News from FedACH near the end of 2003. The colorful, four-page newsletter is mailed each quarter to automated clearinghouse (ACH) professionals at banks across the country.


With features such as a customer spotlight, industry statistics, a question-and-answer column with industry experts, and ACH-related news, the newsletter will interest ACH professionals, according to Susan Robertson, assistant vice president of the RPO. The newsletter also offers articles on industry and service topics as well as notices of upcoming events and contact information for FedACH customers. The publication is not currently available online, but printed copies can be requested by e-mailing

December 2003 also marked the debut of FedFocus, an online publication of the Fed’s Financial Services Office, based at the Chicago Fed. The monthly FedFocus highlights a range of financial service issues, from Check 21 to cash management services to check restructuring. A feature titled “Ask the Federal Reserve” answers commonly asked questions about why or how the Fed performs its functions. The newsletter’s streamlined design makes it suited to online readers, but it can also be downloaded and printed. Future issues will spotlight such topics as online payment security and using Fedline Web.

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