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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

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