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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).

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This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

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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,

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