View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Federal R eserve Bank
OF DALLAS
T O N Y J . SALVAGGIO
F IR S T V IC E P R E S ID E N T

August 31, 1992

DALLAS, TEXAS 75222

Notice 92-84
TO:

The Chief Operating Officer of
each financial institution in the
Eleventh Federal Reserve District
SUBJECT
Implementation of C heck Truncation Service Enhancements
DETAILS

Beginning Thursday, October 1, 1992, the Federal Reserve Bank of
Dallaswill implement new check truncation service
enhancements in the El Paso
Office.
The service enhancements include microfilming and developing checks
using c u s t o mer-supplied microfilm, providing m icrofiche containing check
information by account in check number order, and safekeeping the checks for
90 days.
Initially, the physical checks will be presented to the customer and
then returned to the Fed to perform the service enhancements.
Within the
first ye a r using this service, customers will be expected to convert to the
fulltruncation service, with
no physical delivery of the checks.
This improvement to our check truncation service will provide
enhanced service for financial institutions currently involved with or
planning to implement check truncation services for their customers.
The
service enhancements will be extended to all Eleventh District offices in
1993.
MORE INFORMATION
If you need further
check-related issues, please
Dallas Office; Eloise Guinn,
Richards, (713) 652-1544, at
978-1402, at the San Antonio

information concerning this change or other
contact Terry Campbell, (214) 922-6603, at the
(915) 521-8201, at the El Paso Office;
Luke
the Houston Office; or Herb Barbee, (512)
Office.

For additional copies of this B a n k ’s notice, please contact the
Public Affairs Department at (214) 922-5254.
Sincerely,

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)

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