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Top three reasons to consider a FedComplete® Package with FedLine Command®

Have you heard about our newest addition to the FedComplete® Packages? Our easy-to-use, full-suite packages now have an option to bundle your Federal Reserve Bank Services with a FedLine Command® Solution. This new package is designed for institutions that have lower transaction volumes and are interested in an unattended solution for processing their FedACH® payment and information services, as well as Accounting, Billing and Fedwire® statement services.

A FedComplete Package with a FedLine Command Solution provides:

  1. Access to critical payment services
    • Establishes an interface between your back-end systems and the Federal Reserve Banks to allow your institution to fully automate transaction and reporting processes
    • Provides a direct connection to your Federal Reserve Financial Services, giving you greater control over your payment operations
    • Offers the convenience of an Internet Protocol (IP)-based solution and uses Axway Secure Client file transfer software
    • Allows continued access to the FedLine Advantage® and FedLine Web® Solutions
  2. Automation
    • Assists with scheduling Automated Clearing House (ACH) origination to ensure that files meet deadlines
    • Increases staff efficiency with automated file processing of ACH receipt
    • Streamlines data delivery by setting up your reporting and reconcilement functions to interface directly with your back-end accounting systems
  3. Simplified budgeting
    • Bills as one monthly fee
    • Includes a fixed number of monthly transactions for FedACH Services, Fedwire Funds Services and Check 21-Enabled Services

Compare packages (PDF) or request a follow-up (Off-site) from your account executive to learn more about how our FedComplete Packages may be the right solution for you.

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Currency Education Program: Youth education materials have arrived!

Are you looking for videos, lesson plans and activities to teach young students about U.S. currency? Well, look no further because the U.S. Currency Education Program (CEP) has recently launched a youth-focused digital learning tool that provides all of these materials in one convenient location.

The Currency Academy (Off-site) offers students the opportunity to explore the security and design features of our nation’s money while engaging in interactive activities that cover a range of educational subjects, such as art, science and history!

This new online tool comes with lesson plans for teachers and easy-to-navigate activities for students, bringing aspects of banknotes to life in a fun and relatable manner. All of these materials are free to use, download and print.

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Learn how to satisfy ACH reclamations with automated debit payments

For Automated Clearing House (ACH) reclamations, the Department of the Treasury's Bureau of the Fiscal Service now permits financial institutions to satisfy partial payments electronically. By paying for your Treasury ACH reclamations via authorizing an ACH debit against your Federal Reserve account, your financial institution can reduce expenses and receive improved service.

Gain the following advantages by switching from physical checks to an automated process (authorizations):

  • Reduced internal costs: The cost of processing a cashier’s check is avoided. With a cashier’s check, you fill out a log, create a check and sign the check – each of these steps takes time, uses paper and requires balancing. An authorization to pay permits the Federal Reserve to post a debit to your Federal Reserve account. A payment made by authorization will appear on your Reserve statement with an International Accounting Standards (IAS) transaction code of “57180 – Treasury ACH Reclamation FI Auth.” There will also be a reclamation tracking number listed, which will aid your institution in any type of research that you may need to perform.
  • Improved turnaround time: Paying for a reclamation by check takes longer to process and close the reclamation. Debit authorizations are received the same day and are posted within two to three business days of receipt.

How to authorize a debit to pay for an ACH reclamation:

  1. When the FMS Form 133, Notice of Reclamation is received, the financial institution will continue to follow its current procedures as stated in the Green Book (Off-site) (Chapter 5, Section 3, Reclamation Procedures).
  2. Once all the certifications are signed and the account owner information is recorded, the financial institution will write in the dollar amount to be debited next to “B. Further Action” and then date the form (please see below).

When the reclamation is completed, please use a secure email connection and email the form (front and back) to For the subject line of the email use: “Debits for ACH Reclamations.”

Further action example image

If you do not have a secure email connection, you will need to send your ACH debit authorization requests via fax to (215) 516-8201.

Where can I get more information?

Financial Institutions can reach out to Fiscal Service’s Philadelphia Financial Call Center for questions by calling (855) 868-0151, Option 1 or by emailing

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Changes to the EASy application coming on March 31

The Federal Reserve Banks continually strive to enhance efficiency and implement process improvements. On March 31, 2018, we will integrate our monthly billing calculations into the Enterprise Accounting System (EASy). These changes will impact our internal processes and should not interfere with your organization’s normal business operations. However, as a result of these changes, the March Statement of Service charges, the Service Charge Reconcilement Data (SCRD) file and monthly billing information via the Account Management Information (AMI) application will not be available until after normal operating hours on April 4, 2018. This delay should only impact the March 2018 billing cycle, and normal operating hours should resume beginning with the April 2018 billing cycle.

If you need additional information or identify an issue, please contact the National Customer Support Office at (800) 309-6156 or We appreciate your support and look forward to continuing to provide you with efficient, high-quality payments services.

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Check Services to hold freeze period starting March 24

The Federal Reserve Banks’ Check Services will be unavailable between 3 a.m. ET on Saturday, March 24, 2018, and 2 p.m. ET on Sunday, March 25, 2018. The freeze period is necessary to conduct a Systemwide contingency test.

During the test, check files will not be processed and deposit notifications will not be generated. Check files normally deposited during this period will need to be held and processed after the test is completed, which is expected to be after 2 p.m. ET on March 25, 2018. Please contact FedACH® and Check Services Customer Support at (877) 372-2457 with questions regarding this test.

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FedACH® Feature: Help with health care ACH payments

If your financial institution services health care providers, you must be prepared to provide related remittance information to them upon request. We have several FedACH® Services tools that can assist you with identifying the providers that are receiving electronic health care payments and proactively offering information services to them.

FedACH Risk® RDFI Alert Service

Did you know that the FedACH Risk RDFI Alert Service can help your institution identify whether any of its health care clients are receiving electronic Automated Clearing House (ACH) payments? The service allows contacts in your institution to receive an automated email notification every time your routing transit number (RTN) receives a transaction with a Company Entry Description field of “HCCLAIMPMT.” To set up notifications:

  • Set batch criteria for your institution’s RTN
  • Give the criteria set a meaningful name
  • Assign contacts at your institution who should receive the email notifications about these transactions

FedPayments® Reporter Service

The ACH Received Entries Detail Report generates a list of receivers to help you determine which:

  • Have health care provider names
  • Are receiving transactions from health care-related originators
  • Are receiving CCD+ Standard Entry Class (SEC) code transactions

With this information, your institution can also generate and deliver to your customers Remittance Advice Detail Reports that provide payment detail, including the originator name, SEC code, amount, national provider identifier (NPI), transaction description and the remittance transaction reassociation trace number. These reports can be delivered directly to your customers via an encrypted email portal, or you can populate the reports into your online banking application.

Please review the Help with Health Care ACH Payments guide for more information or contact your account executive. You can also reference the Healthcare Payments Resources (Off-site) page on NACHA’s website.

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Fed Facts: As you travel, factor in a visit to a Fed museum

Are you planning personal or business travel to Washington, D.C. or a city where a Federal Reserve Bank is located? If so, we encourage you to add a visit to one of the Fed’s state-of-the-art museums to your itinerary. Below, we feature museums located in the Seventh and Eighth Districts – situated about five hours apart by car – making a visit to both of them an enjoyable Midwest road trip.

Map of the Federal Reserve Banks

Get a sneak peek at the cool stuff inside the Money Museum (Off-site)

At the Federal Reserve Bank of Chicago, on LaSalle Street in the Loop, you can have your photo taken standing by a $1 million exhibit! Exhibits range from real historical currency and artifacts that tell the story of the U.S. dollar to games and simulations that allow you to interact with the Fed’s roles and responsibilities. If you happen to be in the Windy City to see “Hamilton” the musical, visit the Money Museum to see the Hamilton exhibit. Learn about the man who inspired the musical and see what it meant for him to be the Secretary of the U.S. Treasury. Understand how his vision led to the eventual creation of the Federal Reserve System. The Money Museum is open Monday through Friday (except bank holidays) from 8:30 a.m. to 5 p.m. Groups of 15 or more can schedule a guided tour (Off-site).

Be prepared to be wowed at the Inside the Economy® Museum (Off-site)

Stop by One Federal Reserve Bank Plaza, a few blocks away from the Gateway Arch, to visit the St. Louis Fed’s Inside the Economy Museum. Through a variety of interactive displays, games, sculptures and videos, you will learn about how the economy works and your role in it. The museum is organized into five zones (Off-site), including “How People Make Decisions,” where you’ll learn about concepts such as scarcity, the different types of capital, how education affects your future earnings and the path to good credit. You’ll also gain knowledge about the trade-offs that we face when we make our decisions and how incentives help lead us to those decisions. The museum is open Monday through Friday (except bank holidays) from 9 a.m. to 3 p.m. Reservations (Off-site) are required for groups of 11 to 100.

Check out the table below for a listing of complimentary Federal Reserve Bank tours and exhibits.

LocationsTours and Exhibits
Board of Governors Prearranged tours (Off-site) of the Board’s Eccles Building in Washington, D.C. may be requested for groups of 10 to 25 people. The Board also presents a series of exhibitions annually as part of its Fine Arts Program (Off-site).
Federal Reserve Bank of Boston The Boston Fed does not have an exhibit or offer building tours.
Federal Reserve Bank of New York Check out the New York Fed’s Museum & Gold Vault Tour (Off-site), which offers guided tours to school groups and the general public.
Federal Reserve Bank of Philadelphia Visit the Money in Motion (Off-site) exhibit and learn about money, banking and the Federal Reserve System.
Federal Reserve Bank of Cleveland Take a group tour of the Cleveland Fed or schedule a guided tour of the Money Museum (Off-site).
Federal Reserve Bank of Richmond The Fed Experience (Off-site) is an educational exhibit brought to you by the Richmond Fed.
Federal Reserve Bank of Atlanta Visit the Atlanta Monetary Museum (Off-site) or tour (Off-site) the Atlanta Fed and two of its branches in Jacksonville or Miami.
Federal Reserve Bank of Chicago In addition to the Chicago Fed's Money Museum (Off-site) highlighted above, you can also tour the Detroit Branch Visitors Center (Off-site).
Federal Reserve Bank of St. Louis Beyond the highlights listed above, there’s plenty to see at the Inside the Economy® Museum (Off-site) located at the historic St. Louis Fed.
Federal Reserve Bank of Minneapolis Group tours (Off-site) of the Minneapolis Fed are available for groups of five to 50 on weekdays between 9 a.m. and 3 p.m. with advance registration. Public tours (Off-site) are about 75 minutes long and are scheduled every Friday at 11 a.m. and 2 p.m. between June and October with 24-hour advance registration.
Federal Reserve Bank of Kansas City Visit the Kansas City (Off-site) and Denver (Off-site) Money Museums.
Federal Reserve Bank of Dallas Stop by the Dallas Fed to see The Economy in Action (Off-site) exhibit. You can also tour (Off-site) the Dallas Fed and two of its branches in El Paso and Houston.
Federal Reserve Bank of San Francisco The Fed Center: Exploring our Nation’s Central Bank (Off-site) at the San Francisco Fed is designed to teach the public about the functions of the U.S. central bank. Tours (Off-site) are also available at the San Francisco Fed and its branches in Los Angeles, Phoenix, Salt Lake City and Seattle.

Even if travel is not in your immediate plans, check out the links above for a variety of virtual tours that you can enjoy from the comfort of your home or office.


“Inside the Economy” is a registered trademark of the Federal Reserve Bank of St. Louis.

SOURCE: Board of Governors of the Federal Reserve System

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