[89787] in Cypherpunks
FRB Crypto Systems
daemon@ATHENA.MIT.EDU (John Young)
Tue Nov 11 21:46:56 1997
Date: Tue, 11 Nov 1997 21:00:47 -0500
To: cypherpunks@toad.com
From: John Young <jya@pipeline.com>
Reply-To: John Young <jya@pipeline.com>
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.
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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?
