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Federal R eserve Bank
OF DALLAS
WILLIAM H. WALLACE
FIR S T VICE P R E S ID E N T

DALLAS, TEXAS 75222

November 26, 1986

Circular 86-99

TO:

The Chief Operations Officer of
all financial institutions in the
Eleventh Federal Reserve District
SUBJECT
N ew fees for selected telephone advice inquiries
DETAILS

Effective January 1, 1987, the Federal Reserve Bank of Dallas and its
branch offices will begin charging a fee for telephone advice inquiries on
incoming and outgoing cash letters, ACH and Treasury Tax and Loan accounts.
The fee per advice will be $3.25. A financial institution that maintains a
clearing account will be allowed to pay these fees with earnings credits from
that account provided sufficient earnings credits are available.
Financial institutions in the Eleventh District have expressed
significant interest in receiving key cash management information as early in
the day as possible. By offering these services, critical information can be
obtained on a more timely basis. These fees will enable the Dallas Fed to
maintain current service levels and keep the cost of basic services as low as
possible.
Paper advices will continue to be delivered to all financial
institutions that currently receive them. Advices may also be received free
of charge electronically over the RESPONSE network through the Generalized
Advice Retrieval System (GARS).
MORE INFORMATION
For more information, please contact Mr. Richard D. Ingram at (214)
651-6212.
Sincerely yours,

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).

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


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