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Federal Reserve Bank OF DALLAS W ILLIA M H. W ALLACE DALLAS, TEXAS 75222 FIRST VIC E PR ES ID EN T AND C H IE F O PER ATING O FFICER March 31, 1989 Circular 89-23 TO: The Chief Operations Officer of all financial institutions in the Eleventh Federal Reserve District SUBJECT Introduction of a fixed credit availability mixed return item letter option in all Eleventh District Federal Reserve offices DETAILS Effective May 1, 1989, all offices of the Federal Reserve Bank of Dallas will offer a fixed availability mixed return item letter option along with the existing calculated availability option. All depositors of mixed return letters will be given fixed availability as opposed to calculated availability, unless they notify the Return Item division of the appropriate Federal Reserve office. The fixed availability option should help facilitate your funds management and reduce return item related reconcilement problems. Return items deposited at various deadlines in fixed availability return item cash letters, will be credited according to the schedule outlined on the reverse side of this circular. Return item and return letter fees for fixed availability return letters will coincide with the new prices for calculated mixed return items and return letters, which take effect on May 1, 1989. MORE INFORMATION For further information concerning the fixed availability option, please contact Robert L. Whitman (214) 698-4357 at the Dallas office, Robert W. Schultz (915) 544-4730 at the El Paso office, Luke E. Richards (713) 652-1544 at the Houston office, or Herb Barbee (512) 224-2141 at the San Antonio office . Sincerely, 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) AVAILABILITY SCHEDULE FOR FIXED AVAILABILITY MIXED RETURN ITEM CASH LETTERS QUALIFIED RETURNS: 1 Day Availability 2 Day Availability Dallas 12:01 a.m. 9:00 a.m. 2:00 p.m. 7:00 p.m. El Paso 12:01 a.m. 9:15 a.m. 12:00 noon Houston 12:01 a.m. 9:00 a.m. 12:00 noon 8:00 p.m. San Antonio 12:01 a.m. 9:30 a.m. 12:00 noon 7:30 p.m. Eleventh District Office UNQUALIFIED RETURNS: 1 Day Availability 2 Day Availability Dallas none 8:00 p.m. El Paso none 8:00 p.m. Houston none 8:00 p.m. San Antonio none 8:00 p.m. Eleventh District Office
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