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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


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102