Federal Reserve Bank
FEDTRANSACTION ANALYZER® SERVICE
1.0 GENERAL
1.1 This Appendix, together with Sections 2.2, 4.3, 6, 7.2, 7.3, and 7.4 of Operating
Circular 1, sets forth the terms and conditions under which the Federal Reserve
Banks (Reserve Banks) offer the FedTransaction Analyzer Service to Customers.
2.0 DEFINITIONS
2.1 Customer means an Account Holder or other eligible Financial Institution that
has a FedLine Advantage® connection and that has enrolled in the Service in the
manner prescribed by the Reserve Banks.
2.2 Report means, with respect to a Customer, an electronic record generated
through the use of the Service that contains post-processing information about
that Customer’s Financial Services transactions. “Statements of Account” or
“Statements of Service Charges” as well as reports generated through the use of
other reporting tools such as the FedPayments® Manager, are not Reports for
purposes of this appendix.
2.3 Service means the FedTransaction Analyzer Service.
3.0 THE SERVICE
3.1 The Service permits Customers to generate Reports by selecting from a set of
predefined sorting/search options established by the Reserve Banks. For a
current description of the transaction data available through the use of the
Service and the hours of availability visit www.FRBservices.org. A Customer
may view, download and/or print a Report after it is created until the Customer
exits out of the Report. The Reserve Banks have no obligation under this
appendix to retain copies of Reports.
3.2 The Reserve Banks reserve the right to limit the number of Reports that a
Customer may request during a specified period. The Reserve Banks further
reserve the right to restrict access to the Service without advance notice at any
time that the Reserve Banks, in their sole discretion, have reason to believe that
such access poses an actual or potential risk to the security or operation of the
Service or of any other Reserve Bank service or system.
3.3 The Customer agrees to use the Service for internal purposes only.
4.0 LIMITATIONS OF LIABILITY
4.1 In providing the Service, a Reserve Bank shall be liable only to a Customer and
only for actual damages incurred by the Customer and proximately caused by a
Reserve Bank’s failure to exercise ordinary care. The amount of a Reserve
Bank’s liability to a Customer for any claim, loss, liability or expense so caused is
limited to either the amount of: (a) any fee the Customer paid to a Reserve Bank
specifically for the Service during the one-month period preceding the occurrence
giving rise to the claim; or (b) if the Customer paid no fee to a Reserve Bank
specifically for the Service during the one-month period preceding the occurrence
giving rise to the claim, the amount of the access fee paid by the Customer to a
Reserve Bank for the Customer’s electronic connection providing access to the
Service during the one-month period preceding the occurrence giving rise to the
claim. A Reserve Bank is not liable for lost profits, claims by third parties, or
consequential or incidental damages, even if the Reserve Bank has been
informed of the possibility of such damages.
4.2 Notwithstanding Section 4.1, the Reserve Banks are not liable for any loss or
damage resulting from the Service being unavailable.
4.3 The Reserve Banks shall have no liability for any claim with respect to the
Service that has not been commenced within one year from the date of the
occurrence that gives rise to the claim.
5.0 DISCLAIMER OF WARRANTIES
THE RESERVE BANKS DISCLAIM ALL WARRANTIES, EXPRESS, IMPLIED OR
STATUTORY, AS TO ANY MATTER IN CONNECTION WITH THE SERVICE
(INCLUDING, WITHOUT LIMITATION, REPORTS OR DATA FURNISHED IN
REPORTS), INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE. NO ORAL OR WRITTEN INFORMATION
OR ADVICE GIVEN BY A RESERVE BANK OR ITS AGENTS OR EMPLOYEES IN
CONNECTION WITH THE SERVICE SHALL GIVE RISE TO ANY WARRANTY OR IN
ANY WAY INCREASE THE SCOPE OF THE RESERVE BANKS’ OBLIGATIONS
HEREUNDER.
6.0 TERMINATION
A Customer may terminate its enrollment in the Service by giving not less than five
business days prior written notice to its Administrative Reserve Bank via the established
credential deletion process. In addition to their rights under Section 3.2 of this Appendix,
the Reserve Banks may terminate a Customer’s enrollment in the Service at any time.
7.0 AMENDMENT
The Reserve Banks reserve the right to amend this Appendix at any time.
