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F e d er al of R eserve D B a n k allas HELEN E. HOLCOMB FIRST VICE PRESIDENT AND DALLAS, TEXAS CHIEF OPERATING OFFICER 75265-5906 September 18, 1998 Notice 98-84 TO: The Chief Operating Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Federal Reserve System Century Date Change Project (Y2K Project) DETAILS In preparation for the Shared Testing Days starting in September, the Federal Reserve has produced the Century Date Change Bulletin No. 5, titled A Federal Reserve Update on 1998 Century Date Change Customer Testing with a Focus on Shared Testing Days. On Shared Testing Days, your institution will be able to test many of our major payments applications with the same future date. This latest bulletin contains important information that will help you organize your test plans and make the most of Shared Testing Days. The bulletin includes a detailed 1998 schedule for application participation during this testing period and a FedLine® CDC testing checklist to help you determine your readiness to test with the Federal Reserve. In anticipation of your early 1999 testing needs, we will be publishing first quarter 1999 test dates early in the fourth quarter of 1998, and second quarter 1999 test dates before year end. This bulletin, as well as all other Century Date Change Bulletins and Newsletters, is avail able on the CDC Web site at <www.frbsf.org/fiservices/cdc/>. ENCLOSURES A copy of the Federal Reserve System’s Century Date Change Bulletin No. 5 and a copy of the Eleventh District Supplement to Century Date Change Bulletin No. 5 are enclosed. For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) MORE INFORMATION If you have specific questions about application test plans and schedules, please call your local Federal Reserve Help Desk in Dallas at (800) 333-1672; in El Paso at (800) 333-1672; in Houston at (800) 392-4162, ext. I l l ; or in San Antonio at (800) 292-5810. For additional copies of this Bank’s notice, please contact the Public Affairs Depart ment at (214) 922-5254. Sincerely, Please route this information to: Centurv Date Chame Federal Reserve N o. 5 August 1998 Federal Reserve Century Date Change Project Office A F e d e ra l R eserve U p d ate on 1998 C en tu ry D a te C hange C u sto m e r Testing w ith a Focus on S h ared Testing Days ince July 1, 1998, all Federal Reserve Banks have been ready This Bulletin presents: to c o n d u c t C e n tu r y D a te ■ Detailed information on all aspects o f the upcom ing C D C C h a n g e (C D C ) te stin g w ith all Shared Testing Days, including a review o f the 1998 schedules depository institutions. We expect and how to sign up; th a t y o u will be te s tin g y o u r “interfaces” with our applications, ■ Suggested guidelines for specific tests you can conduct with and we strongly encourage you to each application on Shared Testing Days; begin as early as possible. The Reserve ■ Updates on other Federal Reserve C D C plans and preparations, Banks will be tracking the progress including: o f customer testing and contacting • A note on test indicators in C D C customer test messages customers this fall who have yet to and reports; initiate testing. You can contact your • Some reminders for testing with the Integrated Accounting local Federal Reserve Bank now to System (IAS); schedule C D C testing. S One particularly convenient way for you to make progress in completing y o u r testin g objectives w ith the Federal Reserve is to participate in our upcoming 1998 Shared Testing Days. S h a re d T esting D ays p ro v id e maximum flexibility in planning and scheduling C D C testing. O n Shared Testing Days, the Federal Reserve offers dedicated weekend test time when you can test the same futuredate on a single day with many o f o u r m a jo r services, in c lu d in g Fedwire®1 Funds Transfer, which all users m ust test. 1 2 3 • Changes to the 1998 test schedules for Fed A C H and the Statistical Reporting and Reserves Processing application; • The new N et Settlem ent Service (NSS) and the related Account Balance M onitoring System (ABMS) C om puter Interface Protocol Specifications (CIPS) changes; • Inform ation on the new product for Fed A C H customers — Fed EDI™2; • Inform ation on century rollover requirements for Check endorsements; • 1999 C D C test schedules; ■ W here you can find more details on the Federal Reserve’s plans and preparations related to C D C and customer testing; and, ■ A FedLine®3 C D C testing checklist and a note to Com puter Interface customers, in Appendix A, to help you ascertain if you are ready to test with the Federal Reserve. “Fedwire”is a registered trademark o fthe Federal Reserve Banks. “ F e d E D I ” is a pending trademark o f the Federal Reserve Banks. “FedLine”is a registered trademark o fthe Federal Reserve Banks. Century Date Change Bulletin 199 8 S h ared Testing Days During 1998, the Federal Reserve will offer six “Shared Testing Days” weekends. O n four o f these weekends, you can test century rollover from December 31, 1999, to January 3, 2000. O n each Saturday o f the four century rollover test weekends, you also can participate in an integrated test o f our major payments applications with IAS. This integrated test will enable you to see the effects o f test transactions you enter into participating business applications on your accounting statements, and allow you to validate your internal reconciliation processes. O n the other two weekends, you can test leap year 2000 processing, from February 28, through February 29, through March 1,2000. Table 1 presents Federal Reserve application plans for participating in Shared Testing Days. T ab le 1 Federal Reserve Application Plansfor Participation in Shared Testing Days Name of Application Century Rollover Tests Leap Year 2000 Tests Century Rollover Integrated Tests with IAS Account Balance Monitoring System (ABMS) Yes Yes IAS will feed balances to ABMS Checks Yes, per individual Reserve Bank’s schedule Yes, per individual Reserve Bank’s schedule Yes Check Adjustments4 Yes, per individual Reserve Bank’s schedule Varies, per individual Reserve Bank’s schedule Yes Electronic Tax Application (ETA) October 16 and 17 only November 13 and 14 only October 17 only Fed ACH Yes Yes Yes Funds Transfer Yes Yes Yes Integrated Accounting System (IAS) Yes Yes Yes National Book-Entry System (NBES) Yes Yes Yes Treasury Auction Automated Processing System (TAAPS) Yes November 13 and 14 only No Trading Room Auction Processing System (TRAPS) and FedLine Open Market (OM) Yes November 13 and 14 only5 No Treasury Tax and Loan (TT&L) Yes Each Reserve Bank will participate in at least one o f the two tests Yes flH H I 4 Interdistrict Check Adjustment testing also will be available on Shared Testing Days. Contactyour local Check CDC testing coordinatorfor questions or to schedule your testing. 5 Note that TRAPS participation in the leap year 2000 Shared Testing Days is an addition to the schedule previously published in Century Date Change Bulletin No. 3, dated March 1998. ---------------------------------------------------------------------------------Federal Reserve-------------------------------------------------------------------------------------2 Century Date Change Bulletin The 1998 Shared Testing Days Schedule Table 2 presents the 1998 master Shared Testing Days schedule for the century rollover and the integrated tests with IAS6. T ab le 2 1998 Shared Testing Days Schedulefor Century Rollover and Integrated Tests Future Date of: December 3 1 ,1 9 9 9 January 3 ,2 0 0 0 Testing Weekends Friday, September 18 Saturday, September 19 Friday, October 16 Saturday, October 17 Friday, November 20 Saturday, November 21 Friday, December 11 Saturday, December 12 Test Times (Eastern Time) 8:30 AM . -1 0 :3 0 P.M. 8:30 A.M. - 2:00 P.M. IAS account reconcilement files and FedLine statements of account from integrated test available at: 9:30 P.M. (Checks and Fed ACH only) 5:30 P.M. for all participating applications 6 This Shared Testing Day schedule was previously published in Century Date Change Bulletin No. 3. Please note one addition: the availability o fIA S reconcilement files to Check and Fed A CH customers on Friday nights is a new offering. ---------------------------------------------------------------------------------Federal R eserve-------------------------------------------------------------------------------------3 Century Date Change Bulletin Table 3 presents the specific hours each participating application will be available on each Friday and Saturday o f Shared Testing Days for century rollover. Use this schedule to organize your test plans for each day. Pay special attention to delivery deadlines for data you wish to see reflected on your accounting statements. The times presented in Table 3 for TT&L are the national “core” hours for TT&L testing. Please refer to your District Supplement to this Bulletin to confirm local test times for TT&L, which may extend beyond the core hours. Also refer to your District Supplement for the local schedule for Check and Check Adjustment participation in century rollover Shared Testing Days. T ab le 3 Application Availability on Century Rollover Testing Days A ll Times Eastern Time (ET) Name of Application Century Rollover Fridays Century Rollover Saturdays Saturday Deadline for Data to IAS ABMS 8:30 AM . - 10:30 P.M. 8:30 AM . - 2:00 P.M. Not Applicable ETA 9:00 AM . - 5:30 P.M. October 16 only 9:00 AM . - 11:45 AM . October 17 only 11:45 AM . Fed ACH 8:00 AM . - 8:00 P.M. 8:00 AM . - 5:00 P.M. 1:00 P.M. Funds Transfer and NBES 8:30 AM . -1 0:30 PM. 8:30 AM . - 2:00 P.M. IAS Inquiries 8:30 AM . -1 0:30 P.M. 8:30 AM . - 2:00 P.M. Account reconcilement files and FedLine statements o f account available at: 9:30 P.M. (Checks and Fed ACH only) 5:30 P.M. for all participating applications See individual feeding applications TAAPS 9:00 AM . - 5:00 P.M. 9:00 AM . - 5:00 P.M. Not Applicable TRAPS and FedLine Open Market (OM) 3:00 P.M. - 6:00 P.M. 10:00 AM . -1:00 P.M. Not Applicable TT&L 8:30 AM . - 6:00 P.M. 8:30 AM . -1:0 0 P.M. 1:00 P.M. 2:00 P.M Staged batch entry7: 6:00 P.M. - 7:00 P.M. 7 Staged batch entry will be available for those Reserve Banks that support thisfunction. I f your Bank does not support staged batch entry, application availability will extend to 7:00 P.M. ET. ----------------------------------------------------------------------------Federal Reserve-------------------------------------------------------------------------------4 Century Date Change Bulletin Table 4 presents the master 1998 Shared Testing Day schedule for the leap year 2000 tests. The first test will span Friday, Saturday, and Sunday o f Colum bus Day weekend. Note that the 5:30 P.M. ET close time on Saturday, October 10, is a change from the schedule previously published in Century Date Change Bulletin N o. 3. The second test will “roll through” the three future dates on two testing days, Friday, November 13, and Saturday, November 14. Please pay special attention to the test times on Saturday, Novem ber 14, and be prepared to move the future date forward from February 29, 2000, to March 1, 2000, after 11:00 A.M. ET. T ab le 4 1998 Shared Testing Day Schedulefor Leap Year 2000 Future Date of: February 2 8 ,2 0 0 0 February 2 9 ,2 0 0 0 March 1, 2000 Testing Weekend Friday, October 9 Saturday, October 10 Sunday, October 11 Test Times (ET) 8:30 AM . -10 :3 0 P.M. 8:30 AM . - 5:30 P.M. 8:30 AM . - 2:30 P.M. Testing Weekend Friday, November 13 Saturday, November 14 Saturday, November 14 Test Times (ET) 8:30 AM . -1 0 :3 0 P.M. 8:30 AM . - 11:00 AM . 3:00 P.M. - 5:30 P.M. Federal Reserve 5 Century Date Change Bulletin Table 5 presents the specific hours that each participating application will be available on each day o f the leap year 2000 testing days. Table 5 also indicates when IAS reconcilement (“recon”) files will be available on each test day. The times for TT&L represent the national “core” hours for TT&L testing. Please refer to your District Supplement to this Bulletin to confirm local test times for TT&L, which may extend beyond the core hours. Also refer to your District Supplem ent to this Bulletin for the local schedule for Check and Check Adjustment participation in leap year 2000 Shared Testing Days. T ab le 5 Application Availability on Leap Year 2000 Testing Days A ll Times Eastern Time (ET) Name of Application Friday, October 9 2/28/2000 Saturday, October 10 2/29/2000 Sunday, October 11 3/1/2000 Friday, November 13 2/28/2000 Saturday, November 14 2/29/2000 Saturday, November 14 3/1/2000 ABMS, Funds Transfer, NBES 8:30 AM . 10:30 P.M. 8:30 AM . 5:30 P.M. 8:30 AM . 2:30 P.M. 8:30 AM . 10:30 P.M. 8:30 AM . 11:00 AM. 3:00 P.M. 5:30 P.M. ETA Not Available Not Available Not Available 9:00 AM . 10:30 P.M. 8:30 AM . 11:00 AM. 3:00 P.M. 5:30 P.M. Fed ACH 8:00 AM . 8:00 P.M. 8:00 AM . 5:30 P.M. 8:00 AM . 5:00 P.M. 8:00 AM . 8:00 P.M. 8:00 AM . 11:00 AM. 3:00 P.M. 5:00 P.M. IAS Inquiries 8:30 AM . 10:30 P.M. 8:30 AM . 5:30 P.M. 8:30 AM . 2:30 P.M. 8:30 AM . 10:30 P.M. 8:30 AM . 11:00 AM. 3:00 P.M. 5:30 P.M. Account reconcilement files and FedLine statements o f account available at: 5:30 PM. 5:30 P.M. 5:30 P.M. 5:30 P.M. 1:00 P.M. 6:30 P.M. TAAPS Not Available Not Available Not Available 9:00 AM . 5:00 P.M. 9:00 AM . 11:00 AM. 3:00 P.M. 5:30 P.M. TRAPS Not Available Not Available Not Available 3:00 P.M. 6:00 P.M. 9:00 AM . 11:00 AM. 3:00 P.M. 5:00 P.M. TT&L 9:00 AM . 6:00 P.M. 9:00 AM . 5:30 P.M. 9:00 AM . 2:30 P.M. 9:00 AM . 6:00 P.M. 8:30 AM . 11:00 AM . 3:00 P.M. 5:30 P.M. Staged batch entry®: 6:00 P.M. 7:00 P.M. Staged batch entry: 6:00 P.M. 7:00 P.M. Staged batch entry will be availablefor those Districts that support thisfunction. I f your District does not support staged batch entry, application availability will extend to 7:00 P.M. ET. Federal Reserve 6 Century Date Change Bulletin Signing Up for Shared Testing Days In June and July, all the local Reserve Banks distributed the C D C Test Request Form to Federal Reserve customers. The Test Request has five parts, but only Forms A and C are needed to participate in Shared Testing Days. C om plete Form A to indicate which applications you intend to test on any particular Shared Testing Day. Complete Form C if you want to receive IAS files9, or if you want to arrange to have Funds Transfer or NBES messages sent to your terminal. Call your local Reserve Bank customer support help desk if you need assistance with test scheduling or if you would like to receive another copy o f the Test Request Form. Be sure to submit your requests for all C D C testing at least two weeks prior to the first day o f your scheduled test. Application Guidelines for Shared Testing Days Managing Bulkdata Files O n any test day that you expect C D C output files from test Bulkdata, we recom m end you pick up these files prior to the end o f that test day. O n Saturday, Novem ber 14, during the leap year 2000 test o f February 29 and March 1, we recom m end you pick up your Bulkdata output from the February 29 part o f the test prior to 2:00 P.M. ET. During Shared Testing Days, only send test input files intended for the weekend testing. The Integrated Tests with IAS O n the four Saturdays o f the century rollover Shared Testing Days, we will offer the special integrated tests with IAS. You will be able to see the results o f payments submitted during the day reflected on your accounting statements o f January 3, 2000, for all the applications noted on page 2 in Table 1. The files and statements may also contain “dum m y” data, which represent a typical production day, for some applications and will not be the product o f your test input. In addition, on the four Friday nights, Fed A C H and Check customers only will be able to pick up recon files or FedLine accounting statements for December 31, 1999. These recon files and statements will present Fed A C H immediate items for the process day o f December 31, 1999, and Check deferred entries with available dates in the year 2000. The data will include any Fed A C H or Check input you submitted for the day. The files and statements may also contain “dum m y” data, which represent a typical production day, and will not be the product o f your test data input. IAS will produce recon files for the leap year Shared Testing Days, but these files will not be the result o f integrated testing. The recon files created on each leap year Shared Testing Day will contain only “dum m y” data, which represent a typical production day, and will not be the product o f test data input from other applications. 9 Testing should only be requestedfor 1A S servicesyou currently receive. Federal Reserve 7 Century Date Change Bulletin Guidelinesfor Shared Testing Days Table 6 summarizes each Federal Reserve application’s recom mended guidelines for futuredated testing o f century rollover and leap year 2000. The table also presents suggestions on test functions for each application’s integrated tests with IAS. T ab le 6 Summary of Federal Reserve Application Guidelines fo r Future-Dated Century Rollover and Leap Year 2000 Testing Future-Dated Test Guidelines ABMS For century rollover tests Funds transfer and NBES will update ABMS real time, and IAS will update ABMS approximately every 30 minutes. Inquire into the monitor several times during each test and at the close o f Fedwire processing. For leap year tests Funds transfer and NBES will update ABMS real time. Inquire into the monitor several times during each test and at the close o f Fedwire processing. Checks10 For integrated tests with IAS On F rid a y : Send files with deferred credit entries for January 3,20 00 . On S a tu rd a y : Send files with immediate credit items for January 3 ,2 00 0. Check Adjustm ents11 For integrated tests with IAS On S a tu rd a y : Send files via FedLine with immediate items for January 3,2 0 0 0 . continued 10 Please refer toyour local District Supplements to this Bulletin and Bulletin No. 4for more detailedguidelinesfor Check and Check Adjustment century rollover and leapyear 2000 testing. 11 Ibid. Federal Reserve Century Date Change Bulletin Future-Dated Test Guidelines ETA Be sure to change the session parameter in Taxpayer Deposit prior to CDC testing. [Script available in Bulletin No. 4, Appendix C (pages 42 and 43).] For century rollover and integrated test with IAS Send a future-dated tax transaction using Funds Transfer and/or the FedLine Taxpayer Deposit application using the following tax information12: TIN - 222222222 Tax type - 94105 Tax year - 99 (rollover) Tax month -1 2 (rollover) For leap year test Send a future-dated tax transaction using Funds Transfer and/or the FedLine Taxpayer Deposit application using the following tax information13: TIN - 222222222 Tax type - 94105 Tax year - 00 (leap year) Tax month - 03 (leap year) Fed ACH Be sure to change the APPL ID in the FedLine ACH application prior to CDC testing, if you are testing input files. [Script available in Bulletin No. 4, Appendix C (page 43).] For century rollover and leap year tests (A script will be mailed to you firom your local Reserve Bank.) Input: Send test files with future dates. Output: Receive test files with future dates. End-to-End/Self Test: Send test files with future dates that contain items you originate to yourself. Receive a future-dated file o f these items. For integrated tests with IAS On F rid a y : Send input test files with settlement date(s) o f December 3 1,1999; January 3,2 0 0 0 ; and/or January 4 ,2 0 0 0 . Pick up output test files for settlement date(s) o f December 3 1,1 99 9; January 3,2 00 0; January 4 ,2 0 0 0 ; and January 5 ,2 0 0 0 . On S a tu rd a y : Send input test files with setdement date(s) ofjanuary 3,2 00 0; January 4 ,2 0 0 0 ; and/or January 5 ,2 0 0 0 . Pick up output test files for setdement date(s) ofjanuary 3 ,2 0 0 0 ;January 4 ,2 0 0 0 ;January 5 ,2 0 0 0 ; and January 6 ,2 0 0 0 . ------------------- ------------------------------------------ continued 12 Phase note that i f test Taxpayer Deposit transactions are submitted using actual TINs, a message will be returned indicating that the taxpayers are unenroUed even though they may be enrolled. 13 Ibid. Federal Reserve 9 Century Date Change Bulletin Future-Dated Test Guidelines Funds Transfer For century rollover tests On F rid ay: Send transfer messages (type code 10 or 16). On S a tu rd a y : After advancing your system to January 3 ,2 0 0 0 , establish a session to test the receipt and processing o f messages in queue with a December 3 1,1 9 9 9 , IMAD date and OMAD date. Retrieve a message from 1999 while testing in a year 2000 date (Funds Transfer supports two-days prior retrieval). Send/receive additional transfer messages. Type code 10 or 16 messages processed on Saturday will be reflected in the integrated test with IAS. Test various inquiry/report capabilities. And, i f you use thisfeature o f Funds Transfer, submit a request for a Reserve As-of Adjustment transaction (type code 1020) on January 3 ,2 0 0 0 , for a value as o f December 31 ,1999. IAS All Shared Testing Days Perform Account and Daylight Overdraft Inquiries. [Script available in Bulletin No. 4, Appendix E (pages 49 and 50).] Sign on to FedLine to pick up IAS unsolicited output or print display electronic statements, if you plan to feed them into your automated system.14 For century rollover tests and integrated tests with IAS On F rid a y (C h e c k s a n d F e d A C H only): Test reconcilement files created on December 3 1 ,1 9 9 9 . Deferred entries with available dates in the year 2000 will be created by the local Reserve Bank Check applications; immediate settlement items processed for December 3 1 ,1 9 9 9 , will be created by Fed ACH. On S a tu rd a y : Test reconcilement files created on January 3 ,2 0 0 0 . These files will contain immediate, deferred, and future entries created by the Federal Reserve applications participating in the special integrated Saturday tests with IAS. For leap year tests Test reconcilement files created on February 28 and 2 9 ,2 0 0 0 , and March 1,2000. Note that these files contain “dummy” data, which represent a typical production day, and are NOT the product o f test day input from other applications. continued 14 You must have previously signed up to receive this output on the CDC Test Request Form, Part C. Federal Reserve 10 Century Date Change Bulletin Future-Dated Test Guidelines NBES For century rollover tests On F rid a y : Send transfer messages (type code 20). On S a tu rd a y : After advancing your system to January 3 ,2 0 0 0 , establish a session to test the receipt and processing o f messages in queue with a December 3 1 ,1 9 9 9 , IMAD date and OMAD date. Retrieve a message from 1999 while testing in a year 2000 date (NBES supports a one-day prior retrieval). Send/receive additional transfer messages. Type code 2 0 ,2 5 , or 89 messages processed on Saturday will be reflected in the integrated test with IAS. Test various inquiry/report capabilities. And, if you use these features o f NBES: * Establish a matching instruction with a future settlement date over the critical dates. * Establish a turnaround set (message) with a future settlement date over the critical dates. TAAPS Be sure to change the session parameter in FedLine AA prior to CDC testing to point your FedLine terminal to the CDC test environment [Script available in Bulletin No. 4, Appendix F15, Special Instructions (page 51).] For century rollover and leap year tests [Script available in Bulletin No. 4, Appendix F, Test Script 5 (pages 51 and 52).] Request a download for the CUSIP(s) being tested. Submit tenders to the CDC test auction(s) as described in the test instructions. Verify that you have received acknowledgments from the FedLine terminal. TRAPS and FedLine Open M a rk e t (OM) Download Security Master File. Send propositions for announcements received, with year 2000 close dates, delivery dates, and maturity dates. [Script will be mailed to participants before each test.] continued 15 Primary dealers should contact the Federal Reserve Bank o f New York FedLine customer support help desk at (212) 720-2549 to schedule testing, obtain detailed scripts, and to request assistance in testing. Automated Auction submitters should sign upfor testing through their local Reserve Bank customer support help desk. Federal Reserve 11 Century Date Change Bulletin Future-Dated Test Guidelines T T & L [Scripts will be mailed to you from your local Reserve Bank.] For century rollover tests Enter Advices o f Credit (AOC) transactions on the December 31 ,1 9 9 9 , and January 3 ,2 0 0 0 , system dates. Request an Account Status Report on the December 3 1 ,1 9 9 9 , and January 3 ,2 0 0 0 , system dates. Request an Account Activity Report on the December 3 1 ,1 9 9 9 , and January 3 ,2 0 0 0 , system dates for the current system date (December 3 1 ,1 9 9 9 , and January 3 ,2 0 0 0 , respectively). Note: Staged batch entry will be available ONLY on Fridays o f the century rollover Shared Testing weekends, from 6:00 P.M. ET to 7:00 P.M. ET, for Districts that offer this function. For integrated tests with IAS On S a tu rd a y : Enter AOC transactions on the January 3 ,2 0 0 0 , system date. For leap year tests Enter AOC transactions on the February 28 ,2 0 0 0 ; February 2 9 ,2 00 0; and March 1,2 00 0, system dates. Request an Account Status Report on the February 2 8 ,2 0 0 0 ; February 29 ,2 0 0 0 ; and March 1,2000, system dates. Request an Account Activity Report on the February 28 ,2 0 0 0 ; February 29 ,2 0 0 0 ; and March 1,2000, system dates for the current system date. Note: Staged batch entry will be available ONLY on Fridays o f the leap year Shared Testing weekends, 6:00 PM. ET to 7:00 P.M. ET, for Districts that offer this function. Federal Reserve 12 Century Date Change Bulletin An U p d ate on F e d e ra l R eserve CDC Plans an d P rep aratio n s Test Indicators in CDC Customer Test Messages and Reports C D C test output from Federal Reserve applications will be marked in the same way as routine test output. Accordingly, the test indicators in C D C test output messages and reports vary am ong Federal Reserve applications. For example, messages from our Funds Transfer application include a field that reads “Test Data,” and Funds Transfer reports sent to customers via Bulkdata include a “T ” in the Bulkdata header. Fed A C H files sent to customers include “T ” in the Bulkdata header and “FRB Test File” and “FRB Test Batch” in the Batch header. For other applications, such as Statistical Reporting, Savings Bonds, and Billing, the presence o f a future date in the report data field serves as the C D C test indicator. To avoid mistaking test data for production data, please exercise caution when you receive test output from Reserve Bank applications. W hen you receive test messages and reports from the Reserve Bank, highlight test indicators such as “T,” “Test,” or future dates in the date fields, and establish other precautions to ensure that C D C test data do n o t enter your production systems. At any time during testing, if you are uncertain about the source o f the output, call your local Reserve Bank customer support help desk for verification. A Reminder for Weekday Testing with IAS W hen you are planning weekday testing with IAS (using the 1998 schedule published in Century Date Change Bulletin N o. 3), please note that IAS will n o t be available for notifications and Cash M anagement reports from Wednesday through Friday o f the second week o f each two-week IAS cycle. Also, testing should be requested only for IAS services you currently receive. Update to the Fed ACH 1998 Test Schedule The Fed A C H 1998 test schedule, previously published in Century Date Change Bulletin N o. 3, has been revised slightly. If you have already requested any o f the revised or canceled test dates, please contact your local Reserve Bank customer support help desk to make new arrangements. Table 7 on the next page presents the changes. Federal Reserve 13 Century Date Change Bulletin T ab le 7 Revisions to Fed A C H 1998 CDC Test Schedule Future-Oate Test of: Bulletin No. 3 Schedule: Updated Schedule: 1/3/2000 Wednesday, 9 /2 /9 8 Tuesday, 9 /1 /9 8 3 /1 /20 00 Monday, 9 /14 /98 Saturday, 9/1 2/9 8 1/3/2000 Monday, 11/23/98 Tuesday, 11/24/98 Test canceled 2 /2 8 /2 0 0 0 Monday, 12/28/98 Tuesday, 12/29/98 Test canceled 2 /2 9 /2 0 0 0 Wednesday, 12/30/98 Thursday, 12/31/98 Test canceled 3 /1 /2 0 0 0 Monday, 1/4/99 Tuesday, 1/5/99 Test canceled Update to the Statistical Reporting and Reserves Processing Application 1998 Testing Schedule Since the publication o f the last Bulletin, we have revised the 1998 test schedules and some o f the guidelines for the Statistical Reporting and Reserves Processing application. The new schedules supersede the schedules previously published in Century Date Change Bulletin N o. 4. The changes are described below. Please review them carefully. If you have already signed up for tests no longer supported on a particular test day, your local Federal Reserve Office will contact you to arrange new testing dates. New Future Dates The original schedule offered testing for the future dates o f December 31, 1999; January 11, 2000; February 29, 2000; March 7, 2000; and April 3, 2000. The new schedule continues to offer December 31, 1999; January 11, 2000; and February 29, 2000. It replaces the March 7 and April 3 dates with February 10, 2000, and April 6, 2000, respectively, and adds January 15, 2001. The February 10,2000, date supports the testing o f Reserves reports and statements for the maintenance period that crosses the century. The April 6, 2000, date supports the testing o f Reserves reports and statements for the m aintenance period that crosses the leap year date. Finally, the January 15, 2001, date supports the electronic submission ofyear-end 2000 FR Y9SP and FR Y11I statistical reports. New 1998 Test Schedulefor Electronic Submission of Statistical Reports In production processing, the report date must be older than the system date. Table 8 presents the revised C D C test schedule for report submission, which now reflects this rule as well. You will no longer be able to send all effective dates o f a reporting series on any given test day. Federal Reserve 14 Century Date Change Bulletin Also, we have added a 1998 test day, December 11, to our test schedule for report submission. Both December 11 and 12 will be devoted exclusively to the testing o f the electronic submission o f the FR Y9SP and FR Y1II statistical reports. T ab le 8 Revised Statistical Reporting and Reserves Processing 1998 CDC Test Schedule for Electronic Submission o f Statistical Reports Reporting Series FR 2900 FR 2950 FR 2951 FR2900CL FRY9C FRY9LP FR YllQ ^ FFIEC 002 FFIEC 002S 1998 Test Days Simulated Future Date Reporting Series Effective Date(s) 12/9 12/31/99 12/27/99 12/10 0 1 /1 1 /0 0 12/06/99 12/13/99 12/20/99 12/27/99 0 1 /0 3 /0 0 0 1 /1 0 /0 0 10/7 0 2 /1 0 /0 0 12/27/99 0 1 /0 3 /0 0 0 1 /1 0 /0 0 10/8 0 2/2 9/0 0 12/27/99 0 1 /0 3 /0 0 0 1 /1 0 /0 0 0 2 /2 8 /0 0 1 0 /9 ,1 0 /1 0 0 4 /0 6 /0 0 12/27/99 0 1 /0 3 /0 0 0 1 /1 0 /0 0 0 2 /2 8 /0 0 0 3 /0 6 /0 0 12/9 12/31/99 12/27/99 12/10 0 1 /1 1 /0 0 12/27/99 10/7 0 2 /1 0 /0 0 12/27/99 10/8 0 2 /2 9 /0 0 12/27/99 1 0 /9 ,1 0 /1 0 0 4/06 /00 12/27/99 03/27/00 12/10 0 1 /1 1 /0 0 12/31/99 10/7 0 2 /1 0 /0 0 12/31/99 10/8 0 2 /2 9 /0 0 12/31/99 1 0 /9 ,1 0 /1 0 0 4 /0 6 /0 0 12/31/99 0 3 /3 1 /0 0 Federal Reserve 15 Century Date Change Bulletin Reporting Series 1998 Test Days FRY9SP FRY11I Simulated Future Date Reporting Series Effective Date(s) 12/10 0 1 /1 1 /0 0 12/31/99 10/7 0 2 /1 0 /0 0 12/31/99 10/8 0 2 /2 9 /0 0 12/31/99 1 0 /9 ,1 0 /1 0 0 4 /0 6 /0 0 12/31/99 1 2 /1 1 ,1 2 /1 2 0 1/1 5/0 1 12/31/99 12/31/00 New Test Schedulesfor Requested Reports and Automatically Delivered Statements Due to test data requirements, tests o f the Estimated Reserve Requirement (ERR) Inquiry cannot be conducted on the same day as any o f the other Reserves-related reports or statements. (Please note that ERR is not available for quarterly FR 2900 reporters.) Table 9 presents the revised schedule for requested reports, which offers a separate test day for ERR inquiries. Also, due to the recent change from C o n tem poraneous Reserve R equirem ent (CRR) calculations to Lagged Reserve Requirement (LRR) calculations, the m aintenance periods available on the simulated future dates have changed for Reserves-related testing, with the exception o f ERR. Tables 9 and 10 present the revised maintenance periods available. T ab le 9 Revised Statistical Reporting and Reserves Processing 1998 CD C Test Schedulefor Requested Reports Customer Requested Report(s) 1998 Test Days Estimated Reserve Requirement (ERR) Inquiry 12/10 0 1 /1 1 /0 0 12/30/99 to 0 1 /1 2 /0 0 • Required Reserves • Position • Penalty History • Account Balance 12/9 12/31/99 11/04/99 to 11/17/99 11/18/99 to 12/01/99 10/7 0 2 /1 0 /0 0 12/16/99 to 12/29/99 12/30/99 to 0 1 /1 2 /0 0 10/8 0 2/2 9/0 0 12/16/99 to 12/29/99 12/30/99 to 0 1 /1 2 /0 0 1 0 /9 ,1 0 /1 0 0 4 /0 6 /0 0 12/16/99 to 12/29/99 12/30/99 to 0 1 /1 2 /0 0 0 2 /2 4 /0 0 to 0 3 /0 8 /0 0 Simulated Future Date Federal Reserve 16 Maintenance Period(s) Available Century Date Change Bulletin T ab le 10 Revised Statistical Reporting and Reserves Processing 1998 CDC Test Schedulefo r Automatically Delivered Statements Automatically Delivered Statements • Statement o f Adjustments Applied • Report o f Required Reserves • Reserve Position Report 1998 Test Days Simulated Future Date Maintenance Period Available 12/9 12/31/99 11/18/99 to 12/01/99 10/7 0 2/1 0/00 12/30/99 to 0 1 /1 2 /0 0 10/8 0 2 /2 9/0 0 12/30/99 to 0 1 /1 2 /0 0 1 0 /9 ,1 0 /1 0 0 4 /06 /0 0 0 2 /2 4 /0 0 to 0 3 /0 8 /0 0 The New Net Settlement Service (NSS) and Related Changes in the Account Balance Monitoring System (ABMS) The Federal Reserve is planning a new national N et Settlem ent Service (NSS), to be implemented in 1999. Currently, net settlement services are operated independently by each Reserve Bank. For C D C testing, depository institutions that participate in an autom ated net setdement arrangement should test the current system with their local Reserve Bank. Migration to the new service will begin in 1999, but will not be complete before 2000. The Federal Reserve will arrange for C D C testing with settlement arrangements migrating to the new service during 1999 as part o f the migration process. In late 1998, a change will be m ade to “A ccount Balances” in ABMS, as part o f the im plem entation o f NSS. The Account Balance Inquiry response will be modified with a line, labeled “NSS,” that will be used to record these settlement transactions. The new NSS line will show the time at which the latest net settlement debit or credit was posted, as well as the cumulative dollar value o f NSS-related debits or credits posted, and the net am ount. FedLine customers will see this new Account Balance Inquiry response format on the ABMS screen beginning December 5, 1998. No FedLine upgrade will be required; no C D C testing o f this change will be necessary for FedLine customers. Com puter Interface customers that elect to make the CIPS changes required to im plem ent this new Account Balance functionality are encouraged to test the changes in the C D C test environment, as well as in the regular depository test environment. Federal Reserve 17 Century Date Change Bulletin The change to the Account Balances will be available for testing and im plem entation in production according to the following schedule: Depository Test Environment (DIT) October 3 1,1 9 9 8 Production Environment December 5 ,1 9 9 8 Century Date Change Test Environment (CDC DIT) December 5 ,1 9 9 8 For Com puter Interface customers, this new Account Balance Inquiry format will be supported, along with the format implemented in December 1997 for Interstate Branch Banking, until some time after March 2000. Com puter Interface customers that participate in the new national NSS, but do not elect to make the CIPS changes that produce the new line on the Account Balances, will see postings resulting from net settlement activity combined into the O T H R AVL line on the Account Balance Inquiry response. F edE D I ™ a n d CDC This fall, the Federal Reserve is introducing Fed EDI, a new software product for Fed A C H customers. Fed EDI is a financial Electronic Data Interchange (EDI) translation and reporting software package you can use to provide your customers with payment-related information attached to A C H files. All releases o f the Fed EDI software will be thoroughly tested for C D C readiness. Since Fed EDI is a stand-alone software package, you do not need to test it with the Federal Reserve. However, we suggest you test the software with your hardware configuration and your other systems to ensure compatibility. To assist with your internal C D C testing, an A C H test file(s) containing future-dated records will be provided with the Fed EDI software. The test data will contain records with dates that range from December 29, 1999, through January 4,2000. Data for leap year testing containing dates o f February 28, 2000, through March 1, 2000, also will be included in the file. Item Processing Check Endorsement The current practice for many endorsements on the reverse sides o f checks is to use a twodigit year format. Check processing departments at various Federal Reserve offices have received a num ber o f inquiries about the need for a four-digit year endorsem ent to accom m odate the century rollover. Please take note that the two-digit year format (00 = 2000) will continue to be sufficient for endorsem ent in the year 2000. The Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) Applications For information on C D C testing with the C om m unity Reinvestment Act (CRA) or Hom e Mortgage Disclosure Act (HM DA) applications, visit the following Web sites: Find H M D A information at URL: http://www.ffiec.gov/hmda/y2k.htm Find CRA information at URL: http://www.ffiec.gov/hmda/default.htm Federal Reserve 18 Century Date Change Bulletin 1999 CDC Test Schedules The Federal Reserve currently is consulting with the banking industry and others to develop plans for supporting C D C customer testing in 1999. We expect to establish a testing schedule for the first quarter 1999 by the end o f September. Before the end o f 1998, with this year’s experience with C D C testing to assist us, we will establish a testing schedule for second quarter 1999. Federal Reserve 19 Century Date Change Bulletin For M ore In fo rm atio n If you have specific questions about the information in this Bulletin, or any aspect o f the Federal Reserve’s plans for supporting C D C customer testing, please call your local Reserve Bank customer support help desk or your Business Development representative. As with previous Bulletins, you can expect to receive a District Supplement to this Bulletin, offering more local details on C D C testing. You also can find more information on our plans and copies o f all the C D C publications (including all the C en tu ry D ate C hange Bulletins and District Supplements) at URL: http://www.frbsf.org/fiservices/cdc/. Federal Reserve 20 Century Date Change Bulletin A p pendix A Are You Ready to Test? A Note to Computer Interface Customers If you will be using a new test environm ent for C D C testing with the Federal Reserve, please notify your local Reserve Bank customer support help desk as soon as possible. If you are requesting a new network ID (NET ID), you m ust request a new application ID (APPL ID) as well. As in all other Federal Reserve environments, we cannot support duplicate APPL IDs for C D C testing. FedLine CDC Testing Checklist As a FedLine customer, there are num erous CDC-related activities that should be underway or completed, as you prepare to test with the Federal Reserve. Use this checklist to assess your progress and make sure you have considered all the elements for satisfactory C D C testing with the Federal Reserve. ■ Have you completed internal readiness testing o f the interfacing front- and back-end systems you will test with us? I f not, we recom m end you complete your internal readiness testing. ■ Have you installed the FedLine C D C upgrade, which upgrades your FedLine software to version 2.50.40? I f not, you must install this upgrade prior to testing with Federal Reserve FedLine services. ■ If you are a user o f Automated Auction (AA) or Taxpayer Deposit (TD), have you installed the FedLine upgrades (2.50.47 and 2.50.48) for these services? These upgrades must be installed prior to testing with these Federal Reserve FedLine services. ■ If you are a user o f Funds Transfer (FT) or Savings Bonds (SB), have you installed the FedLine upgrade (2.50.50) for these services? This upgrade will be distributed by September 1, 1998, in advance o f the first C D C Shared Testing Day on September 18. Although the changes to these applications will be relatively minor, you may wish to schedule some C D C testing after you have installed the upgrades. ■ Have you performed C D C readiness testing o f your FedLine PC hardware? I f not, please read the section in C entury D ate C hange Bulletin N o. 4 on evaluating your FedLine hardware readiness (pages 4 and 5), and take the necessary steps to be prepared to test FedLine on a PC that can accept and hold a year 2000 date. Federal Reserve 21 Century Date Change Bulletin ■ Have you previously conducted any testing through a direct connection to the Federal Reserve? I f not, call your local Reserve Bank customer support help desk for assistance. ■ Have you submitted a Federal Reserve Century Date Change (C D C ) Test Request Form? I f not, call your local Reserve Bank customer support help desk to obtain a form. Be sure to submit your request at least two weeks in advance o f your first test date. ■ O n test day, follow the Test Script 1 (Appendix C) in C en tu ry D ate C hange Bulletin N o. 4 (pages 41 and 42) to make sure you have cleared out all production work and properly set FedLine to the future test date. ■ The FedLine C D C upgrade automatically points you to the majority o f our C D C test environments. However, for three applications, you m ust make modifications for C D C testing: • For C D C testing with the Taxpayer Deposit (TD) or Automated Auction (AA) applications, you must change your session parameter. Follow the special instructions in C en tu ry D ate C hange Bulletin N o. 4 (pages 42, 43, and 51). If you are sending a C D C A C H input file to the Federal Reserve, you must change the APPL ID. Follow the special instructions in C entury Date Change Bulletin N o. 4 (page 43). ■ After completing C D C testing for the day, you m ust take steps to return your PC to production-ready status. Follow the test script in C en tu ry D ate C hange Bulletin N o. 4 (page 44). For the three applications listed above, you m ust reverse the changes you made earlier to the session parameters a nd/or the APPL ID: • At the com pletion o f C D C testing with the Taxpayer Deposit (TD) or A utom ated A uction (AA) applications, you m ust change your session parameter back. Com plete the special instructions in C en tu ry Date C hange Bulletin N o. 4 (pages 42, 43, and 51). At the completion o f C D C testing with A C H , you m ust change the APPL ID back to “FAHP.” Com plete the special instructions in C entury Date C hange Bulletin N o. 4 (page 43). ■ Remember that after performing C D C testing with the Federal Reserve, if you make any changes to your front- or back-end systems, you may need to re-test with us. Federal Reserve 22 Century Date Change Bulletin Federal Reserve 23 Century Date Change Bulletin Federal Reserve 24
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