Account Services Service Charge Information Integration into Account Management Information Frequently Asked Questions

Q: What is the Account Services SCI integration into AMI Project?

A: The Federal Reserve Banks will integrate key Service Charge Information (SCI) into the Account Management Information (AMI) application. In addition, changes will be made to the monthly Statement of Service Charges and monthly Billing Data files, along with changes to the way settlement of Billing charges will be presented on your daily Statement of Account.

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Q: Why is the Federal Reserve integrating SCI into the AMI application?

A: The Federal Reserve Banks will be integrating SCI into AMI in preparation for decommissioning the SCI application. By integrating SCI into AMI, Subscribers that currently have SCI and one of the AMI access levels will receive Billing statements via one Account Services application, AMI. These changes will provide more consistent messaging across services lines, enhanced inquiring services and improve the Account Services experience.

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Q: What Enhancements are being made to the monthly Statement of Service Charges?

A: Your monthly Statement of Service Charges will be generated in Adobe Acrobat PDF format in AMI.

  • Master Accounts will automatically receive a statement in AMI
    • Non Account holders will be able subscribe to receive a statement (no action is needed if you already receive a monthly Statement of Service Charges)
    • You can also subscribe to receive a text image via the FedMail Service Service (Note: PDF will no longer be available via FedMail)

  • Reference to Clearing Balances and Earned Credits will be eliminated
  • Monthly service fee activity for Other Secondary RTNs (OSRTNs) will be segregated from Respondent activity, and appear in a section on the monthly statement
  • Terminology changes and other miscellaneous changes will be made

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Q: What Enhancements are being made to the data files?

A: The machine-readable data file will be available to Master Account holders and contain service charges for the Primary RTN (subscribing organization) along with Secondary RTNs (Subaccounts and Other Secondary RTNs), and Respondents. The data file will no longer include any records for Earnings Credits and Correspondent activity. Also, formatting changes will be made and a draft format document will be available upon request

  • Billing data files will be available in AMI and via the FedLine Direct® and FedLine Command® access solution
  • Data files will contain service charges for the Primary RTN, Secondary RTNs and Respondents for the subscribing organization

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Q: What Enhancements are being made to the daily Statement of Account?

A: The settlement of billing charges (15th of the month or next business day if this is a weekend or holiday) will now be presented on your daily Statement of Account by RTN with a new Standard Transaction Code of (8501) "Federal Reserve Service Charges."

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Q: When will the transition take place?

A: The SCI into AMI transition is planned to take place in Q4 2016.

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Q: Will testing be required?

A: Testing will be required for Data File customers. Testing is required for Data File customers and encouraged for all other customers to help ensure you are able to view AMI changes and Billing statements/data files in AMI depository institution test (DIT) environment. The test environment is planned to be available June 1 – July 15 for Data file customers and June 1 – implementation for all other customers. Test details will be provided as this initiative moves forward.

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Q: Who do I contact if I have questions or problems related to the project?

A: Please refer to the Account Services SCI integration into AMI Resource Center. This page will provide a central location for all communications related to this initiative, and we encourage you to bookmark this page so you can easily access it. You may also contact your Account Services Customer Support Contacts for questions that cannot be answered via the resource center.

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