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Federal Reserve Bank
of Dallas

l l★K

HELEN E. HOLCOMB
DALLAS, TEXAS
75265-5906

FIRST VICE PRESIDENT AND
CHIEF OPERATING OFFICER

November 7, 2000
Notice 00-69

TO: The Chief Operating Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Federal Reserve System
Check Modernization Initiative
DETAILS
Building on our tradition of excellence in customer service quality, the Federal
Reserve System is making an important investment in the future of check services. We have
established a Check Modernization initiative that will fundamentally redesign our infrastructure
for providing both paper and electronic check services over the next three years.
Industry changes and technological advances are challenging us to retool our checkprocessing environment so that we can respond quickly to changing market needs and remain
efficient and competitive. The Check Modernization initiative is designed to improve the overall
quality and uniformity of check services to all customers nationwide. The new infrastructure is
expected to improve Reserve Bank operating efficiency, facilitate the move to electronic
payments and speed the rollout of new products.
Specifically, Check Modernization involves standardizing and reengineering our
check-related activities through four key projects:

• The Enterprise-Wide Adjustments project will move check adjustments to a
streamlined common platform with shared data across Federal Reserve Banks,
eventually linking to a national image archive. We have already completed more
than half of the EWA project implementations across the System.

• The Check Standardization project will install a standard, centrally managed
item-processing platform at the Federal Reserve’s 45 check processing sites.

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.

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• The Image Services System project will establish a standard check-imaging
platform with a national image archive and enhanced research and retrieval
capabilities.

• The Check Electronic Access and Delivery project will convert existing FedLine/
DOS check services to FedLine for the web and will eventually offer enhanced
online check services.
Because of the magnitude of the Check Modernization initiative and to ensure
continued service quality to all customers nationwide, the Federal Reserve has carefully planned
a phased implementation of these four projects. We have developed an implementation schedule
for each Reserve office, with the entire initiative scheduled for completion by the end of 2003.
We will keep you apprised of further details as our conversion activities draw nearer.
Although we expect these implementations to have a minimal impact on your
operations, please be assured that we will provide you with ample notice of the cutover schedule
and inform you of any operational changes that require preparation on the part of your financial
institution. We will also notify you of any necessary testing and training and will coordinate
these activities with you.
MORE INFORMATION
For more information regarding Check Modernization, please contact Larry Snell,
(214) 922-5571, at the Dallas Office; Eloise Guinn, (915) 521-8201, at the El Paso Branch; René
Gonzales, (713) 652-1543, at the Houston Branch; or Herb Barbee, (210) 978-1402, at the San
Antonio Branch.
For additional copies of this Bank’s notice, contact the Public Affairs Department
at (214) 922-5254 or access District Notices on our web site at
http://www.dallasfed.org/banking/notices/index.html.
Sincerely,