Circular No. 11372
August 13, 2001

AUTHENTICATION IN ELECTRONIC BANKING

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

In a press release, the Federal Financial Institutions Examination Council has announced its release of guidance on the controls necessary to authenticate the identity of customers accessing electronic financial services.

Questions on this matter may be directed, at this Bank, to Janice A. Oser, Bank Supervision Officer, Compliance Division.

William L. Rutledge
Executive Vice President