News and Views for

Eighth District Bankers

To enable the Fed and U.S. Treasury to perform additional testing, the implementation of two new TT&L systems, TIP and PATAX, was postponed until Oct. 23. Financial institutions should take advantage of the opportunity to make final preparations.

Number of New Financial Holding Companies Growing Slowly

Contrary to early estimates, bank holding companies don't seem to be jumping at the chance to exercise the expanded financial powers authorized by the Gramm-Leach-Bliley Act.

Getting Back to Business: Bank Adopts New Contingency Strategy

Technology is evolving, and so are the St. Louis Fed's contingency plans. Find out how a new recovery strategy and business resumption center will help the Fed maintain services in the event of a local or regional disaster.

Retiring the Earnings Test--At Last

In April, a new law eliminated the Social Security retirement earnings test for those 65 to 69 years old. What remains to be seen is how this move will influence individual work habits.

Feditorial: Do the Fed's Payments System Goals Conflict?

First Vice President W. LeGrande Rives explains why the Fed is committed to both improving check processing and encouraging electronic payments.

Regional Roundup

• Online Help for Managing Reserve Accounts
• Fed Information Now Available to PDA Users

Fed Facts

• Business Credit Brochure Available
• Computer Program Helps Consumers Learn about Vehicle Leasing

Out for Comment

Calendar


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