Financial Update (Second Quarter 2007)
Atlanta Fed Ready for 2007 Hurricane Season
The impact of severe weather can be felt in all areas of society. The nation's payments and financial systems are no exception. The Federal Reserve System has made significant preparations for weather-related situations, including one of the most critical components during a crisis: the ability to communicate.
Technology plays an integral role
While existing communication tools have served the Atlanta Fed well in the past, an additional tool has been added. FRENSi (Federal Reserve Emergency Notification Services/Internet) is an Atlanta Fed Web application that allows institutions to provide and update contingency contact information.
Having current and accurate contingency information ensures that the Fed can communicate efficiently with its intended recipient. FRENSi registration is quick and easy and can benefit any institution going into contingency mode. Contact the Atlanta Fed's help line at 404-498-8870 if you have questions about FRENSi or difficulty in registering.
Finally, the Atlanta Fed encourages institutions to review the Federal Reserve's National Business Continuity Guide.