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Federal R eserve Bank
OF DALLAS
T O N Y J . S A L V A G G IO
FIR S T V IC E P R E S ID E N T

April 19, 1993

DALLAS, TEXAS 75222

Notice 93-46
TO:

The Chief Operating Officer of
each financial institution in the
Eleventh Federal Reserve District
SUBJECT
New Fed Automated Clearinghouse (ACH) Services
DETAILS

The Federal Reserve System’s commitment to continuously improving
automated clearinghouse (ACH) services is most recently demonstrated by the
conversion to an all-electronic ACH scheduled for completion by mid-year. By
establishing electronic access to the Federal Reserve for all ACH originators
and receivers, the all-electronic ACH enables participants to select more
flexible processing alternatives, obtain greater security, and choose quicker
delivery of payments.
On October 1, 1993, the Federal Reserve will introduce new enhance­
ments to ACH services. Originators will have extended deposit times and two
additional deposit cycles to schedule ACH processing to meet their internal
needs, also allowing for later return item deposit deadlines. Receivers will
be able to select from four delivery times instead of two, which can allow for
earlier receipt of return items and earlier posting of customer accounts.
Correspondents and processors may elect to receive files sorted by depository
institution, saving processing time. Other benefits will be confirmation of
files overridden or cancelled, improved cross-zone processing, and availabil­
ity of cross-district advices for print or display via bulk data through CPU
link orFedline connections with the District’s RESPONSE network.
It is anticipated that the only pricing changes associated with
these enhanced services will be a one cent ($0.01) surcharge on all transac­
tions in the fourth and final cycle each day, which will be a premium cycle.
Correspondents and processors may receive sorted files separately for each of
their receiving institutions or a single file for all of their receiving
institutions. To help you plan to take advantage of these service benefits,
you will receive more specific information on all choices prior to the October
1 implementation date.
ENCLOSURE
The enclosed brochure, "Fed ACH Choices," describes improvements
that will be available October 1, 1993.
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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MORE INFORMATION
For more information, or if you have questions regarding this
notice, please contact Larry Ripley, (214) 922-6429, or (800) 333-4460,
extension 6429, at the Dallas Office; Eloise Guinn, (915) 521-8201, or
(800)
592-1631, at the El Paso Office; Luke Richards, (713) 652-1544, or
(800)
392-4162, at the Houston Office; or Herb Barbee,
(210) 978-1402, or
(800)
292-5810, at the San Antonio Office.
For additional copies of this Bank’s notice, please contact the
Public Affairs Department at (214) 922-5254.
Sincerely

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