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f e d e r a l r e s e r v e B a n k DALLAS, TE X A S o f D a lla s 75222 Circular No. 81-130 July 1, 1981 IMPROVED SECURITIES SAFEKEEPING AND TRANSFER SYSTEM TO THE CHIEF OPERATIONS OFFICER OF EACH BANK IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The Eleventh Federal Reserve District will be the fourth District in the Federal Reserve System to implement an improved securities safekeeping and trans fer system which has been developed over the past several years. We are now ap proaching completion of the project which will provide several enhancements over our current system. The two most significant changes will be that dollar amount balances will be kept by book-entry issue instead of individual safekeeping acknowl edgment, and numeric account code designations will change. Definitive deposit handling will not change; however, each definitive deposit will be treated as a sep arate unit. The purpose of this lette r is to describe some of the changes which may affect your operations. The new system is designed to integrate securities transfer and safekeep ing activities. This will result in only one acknowledgment being generated for both a CPD security transfer and the corresponding update to a bank's book-entry safe keeping account. Currently, each bank receives two advices—one for the CPD trans fer and one reflecting the safekeeping account update. A sample of the new com bined security transfer and safekeeping update acknowledgment is shown as Exhibit I in the attachm ent. The top portion of the acknowledgment represents the book-entry safekeeping update and the bottom portion reflects the CPD security transfer. The same type of advice will be printed for all security transfers between two banks, re gardless of whether the security transfer is intraterritory or interterritory. For bookentry account transfers within your bank, conversion transactions, deposits of bookentry securities purchased on original issue, and withdrawals of securities a t maturity, only the top portion of the acknowledgment will be completed. A sample of the top portion of this acknowledgment is shown as Exhibit II in the attachm ent. Definitive safekeeping deposits, withdrawals, and transfers will likewise only contain safekeeping account information on the acknowledgment as shown in Exhibit III of the attachm ent. The new system identifies the different types of securities by the 9-digit CUSIP number assigned to each security, including book-entry and municipal securities. It will be necessary for your institution to reference this number when requesting various types of transactions. Also, when book-entry redemption and interest payments are made, this CUSIP number will appear on your accounting advice under the descrip tion column. Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - In connection with the new system, security deposits can be made only at the Federal Reserve office serving the territory in which your office is located. If your bank has had securities held a t Reserve Bank offices in the Eleventh District other than the office serving your territory, those securities will be transferred to the office serving your territory and all future deposits of securities will be made to that office. This new system is scheduled to be implemented on September 24, 1981. On the conversion date, we will send you a statem ent of your holdings from the new system and ask you to verify that the holdings are correct. Any comments, inquiries, or questions concerning the new system should be directed to Don Curtis a t this Bank, (214) 698-4218; Jerry Silvey, El Paso Branch, (915) 544-4730 Ext. 265; Jack Stone, Houston Branch, (713) 659-4433 Ext. 74; and Herb Barbee, San Antonio Branch, (512) 224-2141 Ext. 300 or 301. Sincerely yours, William H. Wallace First Vice President Attachment Exhibit I FCL07211 FEDERAL RESERVE BANK OF DALLAS DALLAS BRANCH 0 5 /0 8 /8 1 0 9 :0 7 :5 1 00141S01 ACKNOWLEDGMENT OF BOOK ENTRY DEPOSIT, INCOMING SECURITY TRANSFER DEPOSITOR BANK NAME BANK ADDRESS CBI (BANK ABA NUMBER) CITY SAFEKEEPING ACCOUNT GENERAL (CUST) MATURITY 08/06/198 1 STATE ZIP CODE CD ISSUE END BALANCE 02 9 ,5 8 0 ,0 0 0 INTEREST RATE 0.000000000 NEXT INT 00/00/000 0 SECURITY IDENTIFICATION BILL 0 8 /0 6 /8 1 DUE TO ABA NUMBER XXXXXXXXX CL REF 0432 PAR AMOUNT $ 1,080 ,00 0 CUSIP (9127937P5) TIME STAMP PAR AMOUNT $1,080,000 05081000* TYPE 20 DUE FROM ABA NUMBER XXXXXXXXX CUSIP (9127937P5) PAYMENT AMOUNT $ 1 ,0 3 4 ,8 2 9 .0 0 SENDING BANK/ACCOUNT/THIRD PARTY BANK NAME GENL / / RECEIVING BANK/ACCOUNT/THIRD PARTY BANK NAME GENL SECURITY IDENTIFICATION BILL 0 8 /0 6 /8 1 MESSAGE ACKNOWLEDGMENT 05081007 IR010 0056*AA*05081007 J7202 0006 PREVIOUS ONE 05081007 JBMPC 02 0 Exhibit II FCL07348 0 5 /0 8 /8 1 0 9 :2 1 :0 8 00341S01 FEDERAL RESERVE BANK OF DALLAS DALLAS BRANCH ACKNOWLEDGMENT OF BOOK ENTRY WITHDRAWAL, CONVERSION FROM BOOK ENTRY DEPOSITOR BANK NAME BANK ADDRESS CBI (BANK ABA NUMBER) CITY SAFEKEEPING ACCOUNT GENERAL (CUST) MATURITY 0 5 /1 5 /1 9 8 4 STATE ZIP CODE CD 02 ISSUE END BALANCE 7 ,8 1 0 ,0 0 0 INTEREST RATE 13.250000000 DENOMINATION PIECE COUNT 500 IK 5K 10K NEXT CPN 05/15/1981 25K 50K 100K 500K 1M 1 SECURITY IDENTIFICATION 13 1 /4 NOTE 84 CUSIP (912827LE0) PAR AMOUNT 5,000 Exhibit III FCL07413 FEDERAL RESERVE BANK OF DALLAS DALLAS BRANCH 0 5 /2 1 /8 1 1 1 :1 3 :1 4 05631S01 CUSTODY 05000154 ACKNOWLEDGMENT OF DEFINITIVE DEPOSIT DEPOSITOR BANK NAME BANK ADDRESS CBI (BANK ABA NUMBER) STATE ZIP CODE CITY PLEDGEE PAYING AGENT BANK NAME BANK ADDRESS CBI (BANK ABA NUMBER) LOCATION TRUST NUMBER STATE ZIP CODE CITY SAFEKEEPING ACCOUNT INVESTMENT MATURITY 05/0 1 /1 9 8 8 CD 01 ACCOUNT END BALANCE 2 ,0 9 5 ,0 0 0 .0 0 INTEREST RATE NEXT CPN 11/01/1981 TRANS COLL AMOUNT ALT DT 05/01 SECURITY IDENTIFICATION 9 .2 0 LOUISIANA STATE G 0 BDS CUSTODY DISPOSITION SEND TO OTHER FRB DENOMINATION PIECE COUNT 0000020 15385 TO 15404 FROM UM 0/C B REVAL DATE CUSIP (9127937P5) CLASS DESCR DF BEARER PAR AMOUNT 100,000.00