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l l★K Federal Reserve Bank of Dallas HELEN E. HOLCOMB DALLAS, TEXAS 75265-5906 FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER June 4, 1999 Notice 99-37 “A Year 2000 Readiness Disclosure” TO: The Chief Operating Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT July - December 1999 Century Date Change Testing Schedule DETAILS The Federal Reserve is pleased to release the July through December 1999 century date change (CDC) customer test schedule. This schedule also can be found on the Federal Reserve’s CDC web site at http://www.frbsf.org/fiservices/cdc/. If you have not yet completed CDC testing of Funds Transfer or your other missioncritical applications, please contact us as soon as possible to sign up for testing. As you may know, testing is one of the most crucial and time-consuming activities of preparing for the century date change. In order to meet your needs, please arrange to test with us at least two weeks in advance of the application test date. Recently, we published the first of a series of Century Date Change Bulletins on CDC business resumption plans. Century Date Change Bulletin No. 7, which also is available on our web site, provides guidance to Federal Reserve customers on risk mitigation planning for the century rollover. ENCLOSURES To assist you in scheduling testing with us, enclosed are the testing schedule, instructions, request sign-up forms, and a postage paid envelope. The schedule also can be found on the Federal Reserve’s CDC Web site at http://www.frbsf.org/fiservices/cdc/. 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. -2- MORE INFORMATION If you have questions regarding the CDC project or need additional information on the test schedule or business resumption planning for Federal Reserve services, please contact your local Customer Services Help Desk at one of the following numbers: Dallas El Paso Houston San Antonio (214) 922-6161 (915) 521-8205 (713) 652-9111 (210) 978-1200 or or or or (800) 333-1672 (800) 846-6858 (800) 392-4162 (800) 292-5810 Sincerely, A Century Date Change Update on Federal Reserve Customer Testing: July – December 1999 Schedule A Year 2000 Readiness Disclosure April 1999 T he Federal Reserve is pleased to provide details on the third and fourth quarter 1999 Century Date Change (CDC) customer testing schedule. Our CDC test environments will continue to be available to you for future date testing up until the Thanksgiving holiday. Then, on January 1, 2000, many Federal Reserve applications will be available for a century rollover “health check” with you. From July through November, we will offer one “Shared Testing Days” weekend each month. On these Fridays and Saturdays, our major payments applications will be aligned on the same critical future dates. Plus, in the second half of the year, we will be open for even more weekday “aligned” CDC tests, when as many as nine Federal Reserve applications will be available during regular business hours on the same future date. Each week, we will provide the opportunity for at lease one weekday or weekend “integrated test,” when you can arrange to receive reconcilement files or accounting statements from the Integrated Accounting System (IAS), which will reflect test items processed to and/or from you that day. We will continue to make our future-dated test environments available to you in the year 2000 for testing leap year 2000 and other future dates. The year 2000 testing schedule will be published in October 1999. How to Read the July – December 1999 Customer Test Schedule All the Shared Testing Days and weekday aligned tests are double-boxed on the calendar. Shared Testing Days are indicated as such. The future date offered on each Shared Testing Day is listed at the top of the date box, with the participating applications clustered below. Similarly, on weekdays when multiple applications are aligned on one future date, that future date is listed at the top of the date box, with the participating applications clustered below. Please note that, in some instances on aligned days, some applications may be offering testing for other future dates. In these instances, the future date is listed next to the application name. The calendar also indicates on which Shared Testing Days and aligned weekdays “transactions will show on accounting statements.” The applications which will pass files to IAS are bolded. For the weekday integrated tests with IAS, the data from the feeding applications will show up by the start of the next business day, in any IAS inquiries and in any statements or reconcilement files you receive subsequently. The Schedule and the Details You Need to Test On the following pages, you will find all the information you need to plan and organize your third and fourth quarter 1999 CDC testing: • The Calendar: Table 1 presents the testing calendar. • Test Times: Table 2 displays the time of day each application will be open for testing and when files will be available for you to pick up. • Refresh Date for Funds Transfer, the National Book-Entry System (NBES), and the Account Balance Monitoring System (ABMS) Production Databases: Table 3 presents the refresh dates for the Funds Transfer, NBES, and ABMS production databases used for CDC testing. Please note that CDC testing for these applications will not be available on the refresh dates. • ABMS Accounting Opening Balances: To stimulate normal day-to-day production-like operations, opening balances in ABMS will be loaded at the beginning of each future-date test. The opening balances used will be from production, based on the schedule shown in Table 4. • Mortgage-Backed Securities (MBS) Principal and Interest Processing: MBS principal and interest payments, with notifications, and the Freddie Mac “Gold” and Fannie Mae “18th Pay” will be simulated throughout 1999 future-date testing. Table 5 presents the schedule for the generation of MBS Principal and Interest Notifications. • Schedule for Prior Date Messages for Future-Date Testing: The Funds Transfer and NBES schedule for prior date messages for future-date testing is presented in Table 6. • CDC Fed ACH Output: CDC-ready output files for both FedLine® and Computer Interface customers will be generated from production Social Security (SSA) files. To keep the size of the test files to a manageable level for our testing customers, only a portion of the production SSA items will be used for CDC testing. Table 7 presents the schedule for the generation of CDC Fed ACH output from the designated 1999 SSA files. On five Saturdays during the second half of the year, Funds Transfer and the National Book-Entry (NBES) System will offer future-date testing for January 3, 2000, in conjunction with Securities Industry Association (SIA) industry-wide tests. On other Saturdays, Funds Transfer and NBES will coordinate future-date testing of January 3, 2000, and February 29, 2000, with participants such as CHIPS, SWIFT, and numerous other national funds transfer systems. Customers whose systems interact with multiple funds transfer services are encouraged to contact their local Reserve Bank customer support help desk for information on testing Fedwire® in these tests. How to Sign Up to Test CDC Test Request forms, to sign up to test with any of the applications listed on the 1999 calendar (with the exceptions noted below), are available from your local Reserve Bank customer support help desk. For three Federal Reserve applications, testing arrangements should be made independent of the local Reserve Bank customer support help desks. To find out how to test the Home Mortgage Disclosure Act (HMDA) software, go to the FFIEC web site at http://www.ffiec.gov/hmda/y2ktestg.htm. To test savings bonds processing, contact the customer service number you routinely use at the Reserve Bank office that processes your savings bonds orders: Buffalo, Richmond, Pittsburgh, Minneapolis, or Kansas City. Finally, to test TRAPS, contact Ken Masselli at the Federal Reserve Bank of New York at (212) 720-5289. Billing and the Daylight Overdraft Reporting and Pricing System (DORPS) are not represented on the calendar. Weekday CDC testing for these applications will be accommodated upon request. Schedule Billing and DORPS testing through your local Reserve Bank customer support help desk. You will have the choice of receiving three monthly billing cycles – the detailed or summary Billing statements for December 1999; January 2000; or February 2000. Be sure to sign up for all CDC testing with the Federal Reserve at least two weeks in advance. For More Information If you have specific questions about CDC testing, please call your local Reserve Bank customer support help desk. Century Date Change Bulletin No. 8, which will be available in September 1999, will provide details on the century rollover weekend health checks. You can find copies of Century Date Change Bulletins 1 through 7, as well as the January – June 1999 CDC testing schedule, on our web site at http://www.frbsf.org/fiservices/cdc/.