The Federal Reserve Banks’ Accounting Services are designed to provide a reliable, complete and timely source of information about financial entries debited or credited to your institution's master account for Federal Reserve Bank Services. Below are answers to five frequently asked questions (FAQs) about our Accounting Services:
What is the Account Management Information (AMI) application?
The AMI application is available via the FedLine Web® and FedLine Advantage® Solutions and is the primary information tool used to manage and reconcile your Federal Reserve account. AMI integrates Account Balance System (ABS), Enterprise Accounting System (EASy) and Collateral Management System information to provide online, critical, real-time account balance information about your institution’s Federal Reserve account.
What is the Daily Statement of Account?
As outlined in the Account Management Guide (PDF), the Daily Statement of Account is available through the AMI application and provides an accounting statement that identifies all account activity for your master account, subaccount RTNs, other secondary RTNs and respondents. This statement is available each banking day to financial institutions with a master account with the Federal Reserve. Respondents and secondary RTNs can request the Daily Statement of Account by subscription.
What is the Statement of Service Charges?
The Statement of Service Charges, also available through the AMI application, provides detailed monthly service fee data for your financial institution based on services performed by the Federal Reserve Banks. The Statement of Service Charges is available on a monthly basis by the fourth business day of the month.
Where can I find information about how to manage my organization’s master account with the Federal Reserve Banks?
Operating Circular 1 (OC 1) contains the terms for opening, maintaining and terminating a master account with a Federal Reserve Bank as well as general provisions regarding Reserve Bank services applicable to institutions whether or not they maintain a Reserve Bank account.
The Account Structure Guide (PDF) provides further information on the accounting and settlement services provided to a financial institution by its Administrative Reserve Bank (ARB) as set forth under OC 1.
The Account Management Guide (PDF) is a comprehensive reference guide for financial institutions that manage their Federal Reserve accounts.
How can I be prepared in the event of a disruption to Accounting Services?
There are a number of procedures in place to help ensure the resilience of the Accounting Services, including off-site backup facilities for the Accounting application and related functions. Visit the Accounting Services Business Continuity Guide to learn how you can prepare for and help minimize a disruption of service.
We hope you already know the answer to this question: Who do I contact if I need assistance? If not, please call Accounting Services Customer Support at (800) 309-6156 or contact your account executive.