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Operating Circular No. 5
April 24, 2002
|Circular No. 11436|
To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
The Federal Reserve Banks are amending Operating Circular No. 5, "Electronic Access," effective June 1, 2002. The revised Operating Circular No. 5 will govern electronic access to Reserve Bank services. Use of electronic access to obtain Reserve Bank services on or after June 1, 2002, will constitute agreement to the new terms.
The revised Operating Circular No. 5 incorporates a number of technical amendments. The following highlights some of the primary revisions:
Electronic Access Services
Electronic Connection Restrictions
Disclaimer of Warranty
Unauthorized Disclosure or use of Software
Compliance with Reserve Bank Standards
Return of Reserve Bank Equipment and Software: Survival
Depository institutions that participated in the FedLine® for the Windows NT® operating system Early Implementers program have been given specific instructions from the Federal Reserve Banks on terminating their electronic connections. Those instructions supersede this section of the Operating Circular.
Forum, Governing Law and Time for Actions
This summary information does not describe all the provisions of the circular or include complete detail of the revisions. The revised circular in its entirety is attached (pdf - 56kb) , so that you may read, download, and print it. To request a paper copy of the circular or for additional information about the revisions to Operating Circular No. 5, please contact your local Business Development representative.