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FEDERAL R ESE R V E BAN K OF DALLAS Station K, Dallas, Texas 7 5 2 2 2 Circular No. 84-32 March 1, 1984 TO: To all depository institutions in the Eleventh Federal Reserve District ATTENTION: Operations Officer SUBJECT: New check services for payor institutions SUMMARY: The Federal Reserve Bank of Dallas is pleased to announce several new check services for payor institutions. All Eleventh District offices are now offering a service whereby customer account totals can be provided to payor institutions. In addition, a magnetic tape of all checks received in a high-speed cash letter can be provided to payor institutions. The magnetic tape would include all MICR line data of the checks and selected account totals if requested. Other options of the payor services include telephone notification of account totals, adjustments and reject totals. ATTACHMENTS: Price list of the new services MORE INFORMATION: Robert L. Whitman, (214) 698-4357 at the Head Office; Robert W. Schultz, (915) 544-4730 at the El Paso Branch; Vernon L. Bartee, (713) 659-4433 at the Houston Branch; or John A. Bullock, (512) 224-2141 at the San Antonio Branch. ADDITIONAL COPIES: Public Affairs Department, Extension 6289 Banks and others are encouraged to use the follow ing incom ing W A T S numbers in contacting this Bank: 1-800-442-7140 (in trastate) and 1-800-527-9200 (interstate). For c alls 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) PAYOR SERVICES Basic Account Total Service- - - - - - - - - - - - - - -50tf per account with Hardcopy $20 per day minimum Magnetic Tape - - - - - - - - - - - - - - -$20 per tape plus .1t per item Telephone Advice of Account Totals - - - - - - - - - - - - - - - -$15 per call for up to 30 accounts 50tf per account thereafter Telephone Advice of Rejects/Adjustments - - - - - - - - - - - - - - -$15 per call for up to 20 rejects/ adjustments; $1 per item thereafter Account Maintenance $5 per account change
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