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AL F e d e r, R E S E R V E B A N K OF DALLAS W ILL IA M H. WALLACE DALLAS, TEXAS 75222 FIRST VIC E P R ES ID EN T AND C H IE F O PER ATING O FFIC ER June 30, 1987 Circular 87-46 TO: The Chief Operations Officer of all financial institutions in the Eleventh Federal Reserve District SUBJECT Payor bank check service changes in the Eleventh District DETAILS Effective August 1, 1987, the Federal Reserve Bank of Dallas will implement new fees and service offerings for payor bank check services. The new services include the electronic transmission of check MICR line data captured on high speed processing equipment, the MICR line capture of fine sort items and MICR line entry of items rejected in high speed processing. In addition, the price for delivery of high speed MICR line data on magnetic tape, electronic delivery of account totals over the RESPONSE network using the Generalized Advice Retrieval System (GARS) and the physical outsort of high speed items will be changed. The fee for telephone advice of account totals will remain the same. Fees for all payor bank services are listed on the reverse side of this announcement. Institutions will be allowed to pay for these services with earnings credits from their clearing account. MORE INFORMATION For further information call Robert Whitman at (214) 698-4357 in Dallas, Vernon Bartee at (713) 659-1536 in Houston, John Bullock at (512) 224-2403 in San Antonio, or Robert Schultz at (915) 544-4201 in El Paso. 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) - 2 - PAYOR BANK SERVICES *** LIST OF PRICES *** MICR Capture (High Speed Processing): Electronic Transmission Minimum Daily Subscription Fee(includes up to 2,000 items) Per Item Over 2,000 $10.00 Magnetic Tape Minimum Daily Subscription Fee(includes up to 2,000 items) Per Item Over 2,000 $12.50 $ $ Account Totals (High Speed Processing): Through GARS and Hard Copy Minimum Daily Subscription Fee (includes up to 100 accounts) Per Account Over 100 $20.00 Telephone Advice Minimum Daily Subscription Fee (includes up to 30accounts) Per Account Over 30 $15.00 $ $ Outsort: High Speed Items Minimum Daily Fee (includes up to 30,000 items) Per Item Over 30,000 $50.00 $ Enhancements: Fine Sort Capture Daily Minimum Fee (includes up to 1,000 items) Per Item Over 1,000 Reject Reentry Daily Minimum Fee (includes up to 100 items) Per Item Over 100 $10.00 $ $15.00 $ .15