Full text of Roundup : March 1986, Volume 5, Number 3

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DALLAS
Federal Reserve Bank of Dallas

March 1986

Volume 5, Number 3

Computer security conference scheduled
Computer technology has brought
about vast improvements for the
financial industry. Transactions move
from coast to coast at the speed of
light. But these improvements also
have brought a new level of data
security concerns. The value of the in­
formation and the number of transac­
tions that occur electronically at near­
ly every financial institution have in­
creased dramatically. Within the
Eleventh District alone, over $31
billion is transferred every day.
On April 29 and 30 the Dallas Fed
is hosting a conference that deals
specifically with computer security
issues. Designed exclusively for
Eleventh District financial institu­
tions, the conference will cover com­
puter security concerns and ap­
propriate steps to take to secure elec­
tronic information.
The conference will feature
recognized speakers from the com­
puter industry as well as specialists
on white collar crime and manage­
ment solutions to the problem. In ad­
dition, there will be a discussion on
the Dallas Fed’s plans for improving
the security of electronic information
and how these plans will affect finan­
cial institutions in this District.
The conference will be held at the
Dallas Hyatt Regency and begins at
1:00 p.m. on April 29 and ends at 1:45
p.m. on April 30. A $50 registration
fee covers all conference materials,
coffee breaks, an evening reception,
and breakfast and lunch on April 30.
For a conference brochure, please
contact Dick Ingram at (214) 651-6212.

Just the facts
What: Computer Security Conference

for Financial Institutions

INSIDE_____________

When: April 29-30

■ FREE SERVICES

Where: Hyatt Regency Hotel in Dallas

■ CONSUMERS WEEK

Who: Anyone concerned with elec­

tronic information security at
Eleventh District Financial
Institutions
Cost: $50

■ KOONCE APPOINTMENT
■ MINORITIES HONORED
■ ADVISORY MEMBERS

Fed provides free public services
To promote a better understanding
of central bank operations, monetary
and economic problems and the
Federal Reserve System, the Federal
Reserve Bank of Dallas and its
branches offer various informational
services to the public as well as
financial institutions in the Eleventh
District.
The Public Affairs Department cur­
rently houses bulletins, regulations
and circulars pertaining to banking
functions, operations and announce­
ments. Any financial institution which
will soon be opening or has recently
opened should contact the Public Af­
fairs Department at (214) 651-6289 for
a binder set of regulations and bulle­
tins if it has not done so already.
In addition to these publications,
the department houses pamphlets on
such topics as “Coins and Currency,”
“ Fundamental Facts About U.S.
Money,” “Consumer Handbook on Ad­
justable Rate Mortgages,” “Selected
Interest Rates,” “ Buying Government
Securities at Federal Reserve Banks,”
and many more.
The Bank also loans films out to
high schools, colleges and financial
institutions. Films in the current
library include “ Money: Summing It
Up,” “The Fed...Our Central Bank,”
“ Economic Stability: The Quest and
the Question,” “24 Hours in the Life
of a Check,” and various others.
For a list of all pamphlets and
films available, call the Public Affairs
Department (214) 651-6289 or toll-free
1-800-442-7140, ext. 6289 (intrastate),
or 1-800-527-9200, ext. 6289 (out of
Texas). A public information directory
is available for the entire system as
well.
For financial institutions only, the
Bank also has a counterfeit currency
exhibit which is available for presen­
tations or bank openings/anniversaries. It must be kept in a vault over­
night and is ordinarily dispatched and
returned via institutions’ designated
armored courier. To inquire about the
counterfeit currency exhibit, call (214)
651-6268.

Tours of the Federal Reserve Bank
of Dallas and its branches are also
available to high school seniors, col­
lege students, and financial institu­
tion personnel.
At the Dallas Office, the tour group
should consist of at least six per­
sons, but no more than 30. Tours
feature a film describing the func­
tions of the Bank as well as a brief
walk-through of the lobby, cash,
securities and checks areas of the
Bank. Tours can be arranged at the
Dallas site on Wednesdays or
Fridays. For more information on
tours at the Dallas Fed, call Kim
Ernst, public affairs representative, at
(214) 651-6267.
For tour information at the
branches, call the following numbers:
El Paso, (915) 544-4730; Houston, (713)
659-4433; and San Antonio, (512)
224-2141.
The Public Affairs Department also
provides announcement of interest
rates for the three- and six-month and

one-year Treasury bills which are auc­
tioned regularly. The recorded mes­
sage is updated on late Monday after­
noons. The recording also quotes the
discount rate and Treasury indices on
the one- three- and five-year constant
maturity rates which are a popular in­
dex in calculating some adjustable
rate mortgages. The telephone
number for the recorded message is
(214) 651-6177 or metro 263-1093. The
toll-free Texas watts number is
1-800-442-7390 and the toll-free out-ofstate watts number is 1-800-527-9208.
Individuals and institutions con­
templating the purchase of an
original issue Treasury note or bond
may learn of future offerings as they
are scheduled by the Treasury. A
separate recorded message delivers
this information and can be accessed
at (214) 651-6384 or by using the last
four digits of that number as an ex­
tension after reaching the toll-free
numbers listed above.

National Consumers Week announced
“Consumers Rate Quality" is the
theme of National Consumers Week,
April 20-26, as proclaimed by Presi­
dent Ronald Reagan. This year, Con­
sumers Week will recognize and pro­
mote the vital role of consumers in
our free enterprise system as well as
consumer activities and programs.
The goal of the week is to help con­
sumers learn about how the market­
place functions and how their finan­
cial decisions affect our economy
and their economic well-being.

Koonce appointed
to subcommittee
Joel L. Koonce, Jr., vice president
in charge of the El Paso Branch of
the Federal Reserve Bank of Dallas,
was recently appointed to the Sub­
committee on Securities and Fiscal
Services.
The subcommittee, which consists
of six Federal Reserve officers and
one staff member from the Board of
Governors, looks into areas of current
security and fiscal related services
which are provided throughout the
System to financial institutions and
the Treasury.
“We also look at the possibility of
future services which would provide
financial institutions, as well as the
(U.S.) Treasury, with products that are
cost effective and beneficial to those
using the service,” says Koonce.
Subcommittee members meet ap­
proximately four times per year, with
meeting places rotated between
Federal Reserve Banks and the Board
of Governors.
Recommendations from the sub­
committee go to the Committee on
Securities and Fiscal Services which
is composed of Reserve Bank first
vice presidents.
Koonce has been with the Federal

Recently while in Dallas for several meetings, Koonce (right) looks over a docu­
ment with Walter Basham, manager of the Securities area.

Reserve of Dallas for 26 years. He
started his career at the San Antonio
Branch in July 1959, where he worked
in all departments of the branch. In

July 1972, he was transferred to the
El Paso Branch as an operations of­
ficer and six years later was ap­
pointed vice president in-charge.

Minorities to be honored
Honoring contributions of the na­
tion’s minority business enterprises,
President Ronald Reagan has pro­
claimed October 5-11 as Minority
Enterprise Development (MED) Week
this year.
Recently, a pre-MED week planning
meeting was held at the Dallas Fed
when a delegation of MED steering
committee members and members of
the Minority Business Development
Agency (MBDA) were welcomed by
President Robert H. Boykin, Andrew
W. Hogwood, Jr., assistant vice presi­

dent, and Michon W. Fulgham, com­
munity affairs representative.
The MBDA is a program under the
U.S. Department of Commerce. It was
established to increase awareness
that minority enterprises form a
significant proportion of all the na­
tion’s businesses. Also, it recognizes
the talents, insights and hard work
that minority Americans are adding to
our nation’s technological prowess by
offering new solutions for important
problems and creating jobs in many
industries.

Since the Fed is interested in pro­
moting increased awareness within
the District in regard to minority
businesses and entrepreneurs, it will
be assisting the regional MED com­
mittee with some local events
recognizing minority businesses in
September and October.
A detailed list of those events will
appear in a later issue of Roundup.

I

Consumer Advisory Council members selected
The Board of Governors of the
Federal Reserve System recently ap­
pointed 12 new members to its Con­
sumer Advisory Council to replace
members whose terms had expired or
who resigned. In addition, the Board
also designated a new chairman and
vice chairman of the council.
The council advises the Board in
the field of consumer financial pro­
tection laws and other consumerrelated matters. It meets several
times a year in sessions open to the
public. Its 30 members come from all
parts of the country and include a
broad representation of consumer
and financial industry interests.
Margaret M. Murphy was named
chairman. Murphy is associate pro­
fessor and director of the Columbia
Center at John Hopkins University,
Columbia, Maryland. Her term runs
through December 1986.
Lawrence S. Okinaga was named
vice chairman. Okinaga is a partner

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with the law firm of Carlsmith,
Carlsmith, Wichman and Case in
Honolulu. His term runs through
December 1986, also.
The 12 new members, named for
three-year terms which began Jan. 1,
1986 are:
★ Edwin B. Brooks, president of
Security Federal Savings and Loan
Association, Richmond, Virginia,
★ Michael S. Cassidy, senior vice
president at Chase Manhattan Bank,
New York, New York,
★ Neil J. Fogarty, president of the
Consumers League of New Jersey,
Jersey City, New Jersey,
★ Kenneth A. Hall, president of
Great Southern National Bank of
Jackson, Jackson, Mississippi,
★ Steven W. Hamm, administrator
for the South Carolina Department of
Consumer Affairs, Columbia, South
Carolina,
★ Robert J. Hobbs, consulting
attorney for legal services for

National Consumer Law Center,
Boston, Massachusetts,
★ Robert W. Johnson, director of
the Credit Research Center at Purdue
University, West Lafayette, Indiana,
★ John M. Kolesar, president of
Ameritrust Development Bank,
Cleveland, Ohio,
★ Alan B. Lerner, senior executive
vice president for Associates Cor­
poration of North America and
member of the Texas Finance Com­
mission, Dallas, Texas,
★ Sandra R. Parker, community
organizer and principal of the John F.
Kennedy Building of ArmstrongKennedy High School, Richmond,
Virginia,
★ Jane Shull, director of the In­
stitute for the Study of Civic Values,
Philadelphia, Pennsylvania,
★ Edward J. Williams, senior vice
president of Harris Trust and Savings
Bank, Chicago, Illinois.