Account Management Information for Seven-Day Accounting Resource Center

The Account Management Information (AMI) application and Accounting Information Services (AIS) are being updated to support seven-day accounting activities. The daily Statement of Account, Financial Institution Reconcilement Data (FIRD) and Statement of Account Spreadsheet File (SASF) will be available daily, including weekends and holidays. Additionally, enhancements will be made to the AMI application.

The targeted date for moving to a seven-day accounting cycle is Monday, June 12, 2023.

If the Federal Reserve Banks determine not to implement seven-day accounting on the target date, the following backup implementation dates, Monday, June 26, 2023, and Monday, July 10, 2023, have been selected. We will communicate with your organization when seven-day accounting has been implemented as planned or whether a backup date is needed.

We will periodically update this resource center with detailed information, including testing and training opportunities throughout implementation.

What is changing?

  • The end-of-day accounting statements and files will be available seven days a week via the AMI application, the FedLine Direct® Solution and the FedLine Command® Solution, and FedMail®, if applicable.
  • The End-of-Day FIRD and SASF files may include additional data if users are a FedNowSM Service participant or a correspondent of a FedNow Service participant.
  • On non-standard business days, users will be able to see future items summary totals and total amounts maturing on future standard business days. The Total Future Record lines have been updated on the FIRD and IDAY data files to include all calendar dates. As it does today, a future total line will not be created for that series of dates if no futures are available for that line. Please note that future dated transactions will continue to only be processed and made available on standard business days.
  • The Monthly Statement of Service Charges and Service Charges Reconcilement Data (SCRD) may include additional data if users are a FedNow Service participant.
  • Interest calculations will occur every calendar day. Interest on reserve balances is calculated on the End of Day balance maintained in an account on that day and credited to a depository institution’s account at the Federal Reserve one business day after the end of a maintenance period.

What is not changing?

  • The Monthly Statement of Service Charges and Service Charges Reconcilement Data (SCRD) File will continue to be available on the fourth standard business day of the month via the AMI application, the FedLine Direct Solution and the FedLine Command Solution, and FedMail, if applicable.
  • The IDAY and CMS Plus files will continue to be available on standard business days only. Users may see additional data if they are a FedNow Service participant and receive the 19:30 ET delivery.
  • Transactional activity for Fedwire® Funds, Fedwire Securities, National Settlement Service, ACH, Check and Cash Services will continue to process on standard business days only and not present on accounting statements on weekends and holidays.

Key Terms

Standard Business Day
Monday – Friday, excluding Federal Reserve Holidays
Non-Standard Business Day1
Saturday – Sunday, including Federal Reserve Holidays
Business Day
Federal Reserve accounting cycle date, standard and non-standard business days

Additional Resources

For a full summary of changes to AMI, view the Notice of Change (PDF) document.

Please note that a revised Account Management Guide, along with updated forms and supporting documentation, will be available on the Accounting page in early June 2023.

Frequently Asked Questions

The Federal Reserve Banks will regularly update the Frequently Asked Questions page with details about this effort.


1AMI will be available by 2:00 PM ET on non-standard business days.