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F ederal Reserve Bank DALLAS. TEXAS of Dallas 75222 Circular No. 81-158 July 31, 1981 INFORMATION DIRECTORIES RELATING TO CHECKS AND ACH PRICING EFFECTIVE AUGUST 1, 1981 TO THE DEPOSITORY INSTITUTIONS ADDRESSED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: In regard to the implementation of pricing for checks and automated clearing house (ACH) services effective August 1, 1981, there are attached two directories applicable to the Dallas office of the Eleventh Federal Reserve District. These directories should facilitate your iden tification of all priced services as well as contribute to your ease of access to the appropriate work unit or area within this Bank whenever your institution has an inquiry or reconcilement difficulty. Specifically, the Pricing Code Directory is a recapitulation of all current pricing codes applicable to the four general areas which are priced at this time: ACH, Checks, Net Settlement, and Transfers of Funds. The three digit numerical pricing code shown in the Pricing Code Directory identifies the specific service being priced to your institution. In relating the pricing code to the daily Reserve Account Statement, it may be identified as the first component of the three-column pricing section shown on your daily Reserve Account Statement. (As you will recall, the pricing section is a memorandum item on the Reserve Account Statement and indicates tentative charges for priced services; actual charges for priced services are deferred until approximately three weeks after the close of any billing cycle, i.e., related charges are made on the third Thursday a fter the close of any billing cycle.) In all cases, the memorandum charge for services shown in the pricing section of the Reserve Account Statement may be directly identified with the related service which is more fully described in the "Description/Reference In formation" column of the Reserve Account Statement. The Directory for Service Charge Assistance should be a conve nient reference for your personnel in the reconcilement area in the event there needs to be an inquiry to this Bank regarding a clarification or problem with any volume and/or related priced charges. Your institution is encouraged to contact us if there is any difficulty or apparent discrepancy with pricing as noted on either the daily Reserve Account Statem ent or the preliminary or Final Statement of Service Charges. B a n k s a n d o t h e r s a r e e n c o u r a g e d to us e th e fo llo w in g in c o m in g W A T S n u m b e r s in c o n t a c t in g th is Bank: 1-800-442-7 140 ( in tr a s t a te ) a n d 1-800-527 -9 20 0 (in te r s ta te ). Fo r c a lls p l a c e d lo cally , p l e a s e u s e 651 plu s th e e x t e n s io n refe rred to ab ove. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - In the reconcilement area, it is contemplated that your institution will make a reconcilement with the detailed information shown on the daily Reserve Account Statement. The Preliminary or Final Statement of Service Charges will serve to provide an overall balance control to substantiate the daily service charges accumulated. However, it is stressed that the Preliminary and Final Statem ent of Service Charges provide only summary information according to the related pricing code category. Since the Preliminary and Final Statem ent of Service Charges does provide only summary information, it is noted that some of the unit cost charges shown on that statem ent are actual while others are average unit costs. This is especially true in the checks area where various prices are derived based on different end processing points. In these instances, average unit cost is simply derived from the total cost divided by the total volume for any given day; it would have the similar effect as a weighted average. However, since this statem ent is only a summary, any related questions must be indexed to the appropriate daily Reserve Account Statem ent where more detailed information is shown. Additional directories will be furnished upon request to the Accounting Department, (214) 651-6132, 6133, or 6134. If you have any questions in regard to the directories, please contact Ms. Evelyn Thomas or Allan Neale. Sincerely yours, William H. Wallace First Vice President Attachment FEDERAL RESERVE BANK OF DALLAS PRICING CODE DIRECTORY FOR YOUR CONVENIENT REFERENCE, THERE IS SHOWN BELOW A OF ALL CURRENT PRICING CODES WHICH MAY BE POSTED IN THE PRICING COLUMN OF THE DAILY RESERVE ACCOUNT STATEMENT. THIS DIRECTORY BE USED IN CONJUNCTION WITH THE DAILY RESERVE ACCOUNT STATEMENT IDENTIFYING PRICING SERVICE CHARGES. SERVICE CATEGORY SERVICE DESCRIPTION LIST CODE SHOULD IN PRICING CODE ACH ACH INTRAZONE SERVICES ACH INTERZONE SERVICES CHECKS CONSOLIDATED SURCHARGE OTHER FED-CASH LETTER CITY CASH LETTER CNTRY, RCPC, MIX CASH LTR PCKG SORT CASH LETTER GROUP SORT CASH LETTER NON-MACHINEABLE CASH LTR NET SETTLEMENT NET SETTLEMENT NET SETTLEMENT NET SETTLEMENT TRANSFERS OF TRANSFER TRANSFER TRANSFER TRANSFER TRANSFER FUNDS OFFUNDS OF FUNDS OF FUNDS OFFUNDS OF FUNDS ONLINE OFFLINE ADVISEMENT - ONLINE - OFFLINE - ADVISEMENT (TYPE CODE 12) - STANDING ADVICE - REQUEST FOR PAYMENT (TYPE CODE 31) 170 171 201 202 203 204 205 206 207 016 220 221 100 102 101 104 105 PLEASE RETAIN FOR YOUR REFERENCE ADDITIONAL COPIES AVAILABLE FROM THE ACCOUNTING DEPARTMENT JULY 1981 FEDERAL RESERVE BANK OF DALLAS DIRECTORY FOR SERVICE CHARGE ASSISTANCE THERE IS LISTED BELOW THE APPROPRIATE WORK UNIT TO CONTACT REGARDING SERVICE CHARGE QUESTIONS OR ADJUSTMENTS RELATIVE TO THE SERVICE DESCRIBED. THIS DIRECTORY SHOULD BE USED IN CONJUNCTION WITH THE DAILY RESERVE ACCOUNT STATEMENT AND/OR THE PRELIMINARY AND FINAL STATEMENT OF SERVICE CHARGES. SERVICE CATEGORY WORK UNIT (TELEPHONE EXTENSION) SERVICE DESCRIPTION ACH ACH INTRAZONE SERVICES ACH INTERZONE SERVICES ACH (6403) ACH (6403) CHECKS OTHER FED-CASH LETTER CITY CASH LETTER CNTRY, RCPC, MIX CASH LTR PCKG SORT CASH LETTER GROUP SORT CASH LETTER NON-MACHINEABLE CASH LTR CONSOLIDATED SURCHARGE (For cash letters sent to other FRB's) NET SETTLEMENT NET SETTLEMENT NET SETTLEMENT NET SETTLEMENT ONLINE OFFLINE ADVISEMENT TRANSFERS OF TRANSFER TRANSFER TRANSFER FUNDS OF FUNDS - ONLINE OF FUNDS - OFFLINE OF FUNDS - ADVISEMENT (TYPE CODE 12) TRANSFER OF FUNDS - STANDING ADVICE TRANSFER OF FUNDS - REQUEST FOR PAYMENT (TYPE CODE 31) number is temporary. ADJUSTMENTS (698-4261)* DIRECT SENT C/L (6116) PAYMENTS MECHANISM (6236 PAYMENTS MECHANISM OR PAYMENTS MECHANISM 6238) TRANSFERS OF FUNDS (6106 TRANSFERS OF FUNDS OF FUNDS TRANSFERS OF FUNDS TRANSFERS 6108) TRANSFERS OF FUNDS shortly. A revised number(s) will be issued Banks and others are encouraged to use the following incoming WATS 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, except as noted. PLEASE RETAIN FOR YOUR REFERENCE ADDITIONAL COPIES AVAILABLE FROM THE ACCOUNTING DEPARTMENT JULY 1981 OR