Latest Operations - FRB Topics

The Federal Reserve Banks have been sending out alerts for the last month on a scam being worked on customers and financial institutions.

When a corporation wants to make a payment on its taxes, it writes a check and gives it to their financial institution along with the coupon that has been supplied by the Internal Revenue Service.

Financial Institutions will have a new look in the not too distant future.

In his remarks at the Bank Administration Institute Security Conference in Orlando in April, Ken Arnold, V.P.

INSTRUCTIONS DIFFER DEPENDING ON AGENCY
The banker attending the Bank Secrecy Act Seminar felt he had a legitimate problem, and asked the panel of experts for their help.

Security officers all over the United States may decide not to celebrate May Day this year.

Security has been tightened at all of the Federal Reserve Banks and at money centers in the United States, following the U.S. led attack on Iraq.

A Bankers' Hotline subscriber in a southern state called the other day because she had received a call from the president of her institution.

As promised in the last newsletter, here are a few of the questions that have been asked about Reg CC.

THE CHANGES IN REGULATION CC ARE IN EFFECT ON SEPTEMBER 1, 1990