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Federal R eserve Bank OF DALLAS WILLIAM H. WALLACE DALLAS, TEXAS 75222 F IR S T VICE P R E S ID E N T July 26, 1985 Circular 85-100 TO: The Chief Executive Officer of the depository institution addressed in the Eleventh Federal Reserve District SUBJECT Implementation of Federal Reserve policy to control and reduce risks to depository institutions participating in large-dollar wire transfer systems (Daylight Overdraft Policy). DETAILS The following three matters concern the implementation of the policy referred to above, which is described in more detail in circular 85-75, dated June 4, 1985. Designation of Coordinator You should provide us the name of a representative from your senior management who will act as a coordinator during the implementation of this program. Future mailings on this subject will be personally addressed to coordinators. Please complete and return the enclosed reply card with your coordinator's name no later than Friday, August 9, 1985. Seminars We will conduct a series of seminars on this program during October and November. Specific dates and locations will be provided in the near future. Please indicate on the reply card whether your institution will be interested in attending such a seminar. Monitoring Sample When the program takes effect, the daylight overdraft position each depository institution will be monitored by the Federal Reserve on post basis. The ex post monitoring system is described in more detail circular 85-75, including certain of the data adjustments which will be For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). of an ex in used. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - You may find it helpful to know your typical daylight overdraft position under this system. We can make available on request a report showing an individual institution's daylight overdraft position each day during the period August 1-14, 1985, under the ex post system. This report will be prepared for each institution which incurs a daylight overdraft during that period and will be available in September. The information can be used to compare your internally-generated data with Federal Reserve ex post data and can assist you in planning for implementation. If you would like to request this report, please so indicate on the reply card. MORE INFORMATION For further information, please contact Robert G. Feil, (214) 651-6690. Sincerely yours,