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F ederal R eserv e Bank O F DALLAS ROBERT D. M c T E E R , J R . president # A pr il 26, 1991 dallas,texas 75222 AND CHIEF EXECUTIV E O F F IC E R Notice 91-21 TO: The C h i e f E x e c u t i v e O f f i c e r o f each member bank and o t h e r s con ce rn ed in t h e E l e v en t h F ed er al Reserve D i s t r i c t SUBJECT New Procedures for Ordering Coin DETAILS The F ed er al Reserve Bank o f D a l l a s i n t e n d s t o d i s c o n t i n u e i t s r o l e in a r r a n g i n g f o r p r o v i s i o n o f wrapped c o i n t o f i n a n c i a l i n s t i t u t i o n s i n t h e E l e v en t h D i s t r i c t . E f f e c t i v e September 1, 1991, f i n a n c i a l i n s t i t u t i o n s w i l l n o t be a b l e t o o b t a i n wrapped c o i n t hr o u g h t h e F ed er al Reser ve Bank o f D a l l a s o r i t s b r a n c h e s l o c a t e d in El Paso, Houston and San A n t o ni o . The Reserve Bank’ s a c t i v i t i e s a s s o c i a t e d w it h p r o v i s i o n o f wrapped c o i n w i l l be phased out o v e r upcoming months. Th i s d e c i s i o n i s t h e r e s u l t o f a d e t e r m i n a t i o n t h a t an a d e q u a t e l e v e l o f s e r v i c e i s a v a i l a b l e and t h a t t h i s a c t i o n w i l l f o s t e r c o m p e t i t i o n in t h e p r i v a t e s e c t o r . S i m i l a r a c t i o n has been t a k e n in t h e p a s t r e g a r d i n g cas h t r a n s p o r t a t i o n . F i n a n c i a l i n s t i t u t i o n s s h o u ld d i r e c t l y c o n t a c t armored c a r r i e r f i r m s o r o t h e r s engagi ng in wrapping c o i n t o make a r r a n ge m en t s f o r o b t a i n i n g wrapped c o i n . MORE INFORMATION Should you have any q u e s t i o n s o r need a s s i s t a n c e in c o n t a c t i n g armored c a r r i e r s , we w i l l be p l e a s e d t o p r o v i d e t h e names and t e l e p h o n e numbers o f armored c a r r i e r r e p r e s e n t a t i v e s who may be c o n t a c t e d . For more i n f o r m a t i o n , p l e a s e c o n t a c t Mary Louise Rosas, (214) 651-6336, a t t h e D a l l a s O f f i c e ; J a v i e r R. J i me n ez , (915) 521-8202, a t t h e El Paso Branch; Luke E. R i c h a r d s , (713) 652-1544, a t t h e Houston Branch; and, John A. B u l l o c k , (512) 978-1403, a t t h e San Antonio Branch. For a d d i t i o n a l c o p i e s o f t h i s n o t i c e , p l e a s e c o n t a c t t h e P u b l i c A f f a i r s Department a t (214) 651-6289. Sincerely yours, For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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