Subject: drift allocation update
the following is a status update regarding the agreed upon decision to allocate drift to the business units on april 26 , 2001 :
a methodology and systems reporting have been developed and an analysis prepared for the period jan 2001 - april 2001 . during may , discussions were held with each of the business units regarding the methodolgy which applies to all business units and the analysis of results for jan - april .
a request was made to begin the drift allocation process from april 2001 .
during this week , we are meeting with the business units to review april and may numbers and processes . we are expecting to allocate april and may to the individual business unit ' s drift lines next week .
june numbers will be accumulated on the dpr in an intra - month allocated drift line and allocated on the last business day ' s dpr to the business unit .
please do not hesitate to call me , 3 - 3210 , or the representatives of your business unit , if you require additional information .
sheila