Federal Register, November 10, 1997 Excerpt from a Federal Reserve Bank announcement: ... the Reserve Banks plan to change their policy for ownership of the encryption boards used by depository institutions with dial and multi-drop connections. These encryption boards are currently purchased and owned by the depository institutions. With the replacement of the encryption boards beginning in the second half of 1998 to enhance the security of the Federal Reserve's communications network, the Reserve Banks plan to purchase and assume ownership of these boards. This approach is consistent with Reserve Bank ownership of other equipment at depository institutions that is required for electronic connections to the Federal Reserve, specifically link encryptors and signaling equipment. Reserve Bank ownership should improve management of the security of the network and facilitate the implementation of an all-electronic key distribution system. This change in policy may affect future-year electronic connection fees, as priced services must recover depreciation costs associated with the new encryption boards. ---------- Are these systems related to Kawika Daguio's comments on PCCIP forwarded by Declan yesterday? Anyone have more detailed info on the boards and link encryptors?