Form FR 1373a FR 1373a Study of Current Consumer Education Resource Materials

Attachment 1

Attachment 1 consists of four sample e-mails used to solicit volunteers to participate in a review of Check 21 Act (samples 1A and 1B) and Overdraft Protection (samples 2A and 2B) material:

Attachment 1 (Sample 1A)

E-mail requesting volunteer reviewers for Check 21 materials

Good morning!

We are preparing some new consumer information on the new Check 21 law and the new "substitute checks" that consumers may start getting later this fall (November? December?).

The timeline for this is really short (sorry!). We would be sending these out to you sometime next week (maybe Wed. or Thurs.-- August 4 or 5) and ask you to get comments back to us by August 10 or 11.

If you can help us by reviewing these materials and providing comments, please let me know.

Consumer Education & Research

Consumer & Community Affairs

Federal Reserve Board

Attachment 1 (Sample 1B)

E-mail to volunteer reviewers with instructions for providing feedback on

Check 21 materials

Colleagues,

Thank you for agreeing to review these drafts. As I indicated earlier, we have a short turnaround for this -- I need your comments by the end of the day on Wednesday, August 11. There are 3 pieces -- we welcome your comments on all 3.

1) "What You Should Know About Your Checks" is a new publication meant to be a brief set of core messages, in the tradition of the FTC's Consumer Alerts format? 2) "Why Do My Checks Look Different?" is also a new publication and is meant to give consumers the information they need about the new Check 21 law and the new "substitute checks" they will start to see. (FYI, "substitute checks" is a very specific term -- it's not just any old substitute for a check, but a particular form and format created and defined by the Check Clearing for the 21st Century Act [aka Check 21]). I know the graphic in this draft is a bit fuzzy -- we will clean it up in the final version, but we wanted you to see what a substitute check looks like. 3) "When Is Your Check Not a Check?" is an existing publication, which is referred to in the "What You Should Know..." info, so we're including it as well. I'm attaching a PDF -- you can also find this online at http://www.federalreserve.gov/pubs/checkconv/default.htm

Our goal is to make this information as useful to consumers as possible. We're trying to use "plain language" in these drafts, although if you crank these through the Fleish-Kincaid utility in MS Word, they "test out" at a

9th-10th grade reading level. We'd like it to be closer to 8, so we'd welcome your suggestions for simplification.

With respect to content, please let us know

Is it clear? What needs a better explanation?

What parts of this are "too much information" -- and what information do you think is missing?

With respect to format, our primary dissemination tool will be our web site (with links among the documents), but we also expect these will be available in a printable PDF on our web site and in print from our Publications Office. Again, we'd welcome your suggestions on print formats.

We also plan to translate these into Spanish (When Is Your Check Not a Check is already available in Spanish).

We need your feedback and comments by August 11 -- you can email them

use track changes in Word, mark up the document, and send it back print a hard copy, mark it up, and fax it back (xxx-xxx-xxxx) or call me with comments (xxx-xxx-xxxx)

Thanks again for your help with this project. If you have any questions, don't hesitate to call or drop me a line. Our goal is to have the English versions of these ready to roll out at the end of August -- I'll let you know when they are released.

Consumer Education & Research

Consumer & Community Affairs

Federal Reserve Board

(See attached file: Why Do My Checks Look Different080404.doc)(See attached file: checkconv.pdf)

(See attached file: what you should know about your checks080504.doc)

Attachment 1 (Sample 2A)

E-mail requesting volunteer reviewers on Overdraft Protection materials

Colleagues,

We are in the process of developing consumer information on "bounce protection" for our web site (as well as a print version!). We would like to invite you to serve as a reviewer and provide comments to help us make this information as useful to consumers as possible.

Our timeline is that we would give you an MSWord document version of this information early next week (July 6) and ask for your feedback and comments by July 16.

If you are interested and able to help us out, please reply to me (not the listserv list!) by next Tuesday.

Thanks in advance for you help!

Consumer Education & Research

Consumer & Community Affairs

Federal Reserve Board

Attachment 1 (Sample 2B)

E-mail to volunteer reviewers with instructions for providing feedback on

Overdraft Protection materials

Colleagues,

Thanks to all of you for volunteering to review this. Our goal is to make this information as useful to consumers as possible. We're trying to keep this as "plain language" as possible, although if you crank this through the Fleish-Kincaid utility in MS Word, right now this "tests out" at a 10th grade reading level. We'd like it to be closer to 8, so we'd welcome you suggestions for simplification.

With respect to content, please let us know

Is it clear? What needs a better explanation?

What parts of this are TMI (too much information)? What information do you think is missing?

Is it balanced? (we don't want to sound like we're either promoting or panning this service)

With respect to format, our primary dissemination tool will be our web site, but we expect this will also be available in print and in a printable PDF on our website. My guess is that it will be a 4-fold 8.5 x 14 (legal-size paper) format. Again, we'd welcome your suggestions on print formats.

As I said in my 6/30 email, we'd like your feedback and comments by July 16 -- you can email them, use track changes in Word and mark up the document and send it back, print off a hard copy and mark it up and fax it back (xxx-xxx-xxxx), or call me with comments (xxx-xxx-xxxx).

Thanks again for your help with this project. If you have any questions, don't hesitate to call or drop me a line. Our goal is to have this roll out in August -- I'll let you know when it's released.

Consumer Education & Research

Consumer & Community Affairs

Federal Reserve Board

Attachment 2

Federal Reserve Board

PUBLICATIONS SURVEY

The Federal Reserve Board Publications Department is conducting a brief survey to obtain up-to-date information regarding the relevance and usability of its publications. The information will be compiled to assess and address subscriber needs. Please return this completed survey to the Publications Department by XX. Thank you in advance for your help.

1. Do you receive or access this publication via:

(Check all that apply.)

• Federal Reserve Board’s public web site (www.federalreserve.gov)?

• Print subscription

• Fax subscription

2. Is the content covered in this publication relevant and of value?

• Yes – Comments:

• No – Comments:

3. Should changes be made to this publication to improve its format or appearance (e.g., readability of type size or of charts and graphs; organization of information; ease of locating information through indexing, search tools, and links)?

• Yes – Comments:

• No – Comments:

4. Is the timing and/or frequency of the publishing schedule adequate for your needs?

• Yes – Comments:

• No – Comments:

Fax completed form to: (xxx) xxx-xxxx

Or

Mail completed form to:

Publications Department, MS-127
Board of Governors of the Federal Reserve System
Washington, DC 20551