Though dividing one’s attention between two input streams typically impairs performance, detecting a behaviorally relevant stimulus can sometimes enhance the encoding of task-irrelevant information presented at the same time. Previous research has shown that temporal selection of this kind boosts visual cortical activity and incidental memory. An important and yet unanswered question is whether such effects are reflected in processing quality and functional connectivity in visual regions and the hippocampus. In this fMRI study, participants were asked to memorize a stream of images and press a button when they heard an auditory tone of a prespecified pitch. Images could be presented with a target tone, with a distractor tone, or without a tone. Auditory target detection increased activity throughout the ventral visual cortex but lowered it in the hippocampus. These effects were accompanied by a widespread enhancement in functional connectivity between the ventral visual cortex and the hippocampus. Image category classification accuracy was higher on target tone trials than on distractor and no tone trials in the fusiform gyrus and the parahippocampal gyrus. This effect was stronger in clusters whose activity was more correlated with the hippocampus on target tone than on distractor tone trials. In agreement with accounts suggesting that subcortical noradrenergic influences play a role in temporal selection, auditory target detection also caused an increase in locus coeruleus activity and phasic pupil responses. These findings outline a network of cortical and subcortical regions that are involved in the selection and processing of information presented at behaviorally relevant moments.Significance StatementAttention influences the degree to which we remember everyday experiences. This study examines the neural mechanisms involved in committing important events to memory. It links the selection of important information in time (temporal selection) to enhanced functional connectivity between brain regions involved in perception and encoding. It also suggests the involvement of a small brainstem structure, the locus coeruleus (LC), whose degeneration is increasingly associated with cognitive decline in aging. The process of encoding behaviorally relevant events into episodic memory thus involves large-scale, coordinated activation spanning cortical and subcortical regions.