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Check/Check 21 Services

Update to Cash Letter Forms page

April 15, 2016

The Cash Letter Forms page has been enhanced to include:

  • Detailed description of each type of form and when it should be used
  • Specific instructions for completing each form
  • All forms in Microsoft® Excel® format for a more consistent form completion experience

Standardized cash letter forms are offered for your use when sending cash letters to the Federal Reserve Bank of Atlanta. These forms can be completed when opened from FRBservices.org. You may also save the form to your computer for later use, but ensure that you are using the most current version available on FRBservices.org.

“Microsoft” and “Excel” are trademarks of Microsoft Corporation in the United States and/or other countries. 

Announcement

The Cash Letter Forms page has been enhanced to include a detailed description of each type of form and when it should be used, specific instructions for completing each form and all forms in Microsoft® Excel® format.

 

Reminder - FedReceipt® RTN list article discontinuation

April 15, 2016

Each month, we have published new FedReceipt RTNs for FedForward® and FedReturn® Services deposits to reflect changes that have occurred in the previous month. These lists will continue posting on the same schedule, however, notices via FedFlash have been discontinued. To view these lists, please visit and bookmark the Check 21-Enabled Services Endpoint Tier Listings page.

 

FedACH® Services

Return Ratio Report from FedACH FedPayments® Reporter Service

April 15, 2016

Effective September 18, 2015, NACHA® implemented a Rules change reducing the Return Rate Threshold (Off-site Link) for unauthorized debit entries (Return Reason Codes R05, R07, R10, R29 and R51) from 1.0 percent to 0.5 percent.

As a reminder, the FedACH FedPayments® Reporter Service Return Ratio Report is designed to help originating depository financial institutions (ODFIs) monitor an originator’s return percentage.

View a sample of the Return Ratio Report or samples of all available FedPayments Reporter Service reports (PDF) or read report descriptions (PDF).

“NACHA” is a registered trademark of NACHA–The Electronic Payments Association.

Announcement

As a reminder, the FedACH FedPayments® Reporter Service Return Ratio Report is designed to help originating depository financial institutions (ODFIs) monitor an originator’s return percentage. View a sample of the Return Ratio Report or samples of all available FedPayments Reporter Service reports (PDF) or read report descriptions (PDF).

 

ACH risk mitigation enhancement added to the FedLine Advantage® Solution

April 15, 2016

Effective February 27, 2016, certain FedACH® Services screens accessible through the FedLine Advantage® solution carry an entry hash value.

Automated Clearing House (ACH) entry hash values can support risk mitigation efforts. As originating depository financial institutions (ODFIs) review, approve and prepare ACH files for release, they can compare the entry hash value in the FedLine Advantage solution against the system of record that created the file. Values that do not match may indicate that the file has been altered.

The entry hash value shows on the following FedACH Services screens in the FedLine Advantage solution:

  • File Status
  • View Send Status
  • Confirm File Totals
  • Approve and Release File

Reports associated with these screens also display the entry hash value.

If you have questions about the entry hash value, please contact FedACH Customer Support.

Announcement

Effective February 27, 2016, certain FedACH® Services screens accessible through the FedLine Advantage® solution carry an entry hash value. If you have questions about the entry hash value, please contact FedACH Customer Support.

 

Hope to see you at Payments 2016

April 15, 2016

Federal Reserve Financial Services (FRFS) product managers and account executives are attending the Payments 2016 (Off-site Link) conference sponsored by NACHA® on April 17-20, 2016. We look forward to speaking with attendees about innovations in the payments landscape, such as faster payments and Same Day Automated Clearing House (ACH). We will also be available to review the suite of FRFS products and services available to help manage ACH payments and provide related information. We will be at booth 323 and hope to see you there.

 

FedCash® Services

FedCash Services revised Deposit Visual Reference Guide now available

April 15, 2016

The Deposit Visual Reference Guide has recently been updated and is now available.

The guide was updated to reflect the changes to Operating Circular 2 (OC-2) Cash Services and the Cash Services Manual of Procedures (CSMOP) that took effect on January 4, 2016.

The Deposit Visual Reference Guide is a supplement to the CSMOP and is not all inclusive of the depositing requirements. The guide depicts examples of correct and incorrect currency and coin deposits and descriptions of how those deposits should be prepared.

In addition, the updated guide features a new user-friendly format, as shown in the excerpt below.

Sample Images from Deposit Visual Reference Guide

 

For questions about the revised depositing procedures, please contact your local FedCash Services representative.

Announcement

The Deposit Visual Reference Guide has recently been updated and is now available.The guide was updated to reflect the changes to Operating Circular 2 (OC-2) Cash Services and the Cash Services Manual of Procedures (CSMOP) that took effect on January 4, 2016. For questions about the revised depositing procedures, please contact your local FedCash Services representative.

 

FedLine® Access Solutions

Receive messages with attachments via your My Messages mailbox in FedLine® Home

April 15, 2016

Effective April 11, 2016, all FedLine Subscribers are able to receive messages with attachments from the Federal Reserve Banks via their My Messages mailboxes in FedLine Home. My Messages allows us to send individualized messages to FedLine Subscribers. The new attachments functionality will increase our usage of the tool to include delivery of documents that may have been provided previously via regular email.

The introduction of this tool on December 7, 2015, was part of our continued efforts to enhance security and make more information available through our FedLine infrastructure. Over time, we will continue to enhance My Messages and introduce new features to lay the foundation for a communications network for the Federal Reserve Banks and financial organizations. As we add features, we will update our My Messages Resource Center.

Advantages of My Messages include:

  • Offering an easy-to-use communication channel that works like a typical email tool
  • Providing the heightened security and reliability you expect from the Federal Reserve Banks 
  • Eventually reducing the need to maintain separate credentials to receive encrypted email messages from the Federal Reserve Banks

If you have questions, please visit the My Messages Resource Center.

Announcement

Effective April 11, 2016, all FedLine® Subscribers are able to receive messages with attachments from the Federal Reserve Banks via their My Messages mailboxes in FedLine Home. My Messages allows us to send individualized messages to FedLine Subscribers. The new attachments functionality will increase our usage of the tool to include delivery of documents that may have been provided previously via regular email. If you have questions, please visit the My Messages Resource Center.

 

Ninth District

Register to attend the 2016 Fraud Symposium

April 15, 2016

Michigan, Minnesota, North Dakota, South Dakota, Wisconsin… Brought to you by the Upper Midwest Automated Clearing House Association (UMACHA), the Federal Reserve Bank of Minneapolis and the Financial & Retail Protection Association (FRPA), the 2016 Fraud Symposium will provide you with the latest information regarding financial crimes and the most up-to-date solutions for fraud prevention.

This symposium is rich with useful information for your institution to stay ahead of the fraudsters. Potential topics include: identity theft, financial elder abuse, cyber security, suspicious activity reporting and more! This event is your go-to resource for understanding how to combat fraud within the industry.

Register online for your preferred location via the links below or download the mail-in registration brochure (PDF, Off-site Link) from UMACHA’s website.

Announcement

Ninth District - Brought to you by the Upper Midwest Automated Clearing House Association (UMACHA), the Federal Reserve Bank of Minneapolis and the Financial & Retail Protection Association (FRPA), the 2016 Fraud Symposium will provide you with the latest information regarding financial crimes and the most up-to-date solutions for fraud prevention. Register online for your preferred location or download the mail-in registration brochure (PDF, Off-site Link) from UMACHA’s website.

 

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FedFlash is your source for the latest Federal Reserve Financial Services operational news. Each bulletin keeps you informed of issues critical to your day-to-day operations, providing you with National and District updates regarding our products and services, processes, technical protocols and contact information.