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Federal R eserve Bank
of

Dallas

HELEN E. HOLCOMB
DALLAS, TEXAS

F I R S T V I C E P R E S I D E N T AN D

September 17, 1998

CH IE F O PER ATING OFFICER

75265-5906

Notice 98-85
TO:

The Chief Operating Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Off-line Funds and Book-entry Securities Consolidation
DETAILS

As announced August 24, 1998, support for off-line funds and book-entry securities
transfers for financial institutions in the Eleventh District will change as part of a Federal Re­
serve System consolidation of these functions. Effective October 5, 1998, staff in the new
Off-line Processing Center will perform off-line funds and book-entry securities transfer services
currently provided by Reserve Bank staff in Dallas.
Our consolidation is designed to have minimal effect on your day-to-day operations.
The most notable change is the new telephone number for off-line funds and book-entry security
business. In general, all off-line originations, verifications, notifications, and confirmations will
be performed with the staff at the Off-line Processing Center. The Off-line Processing Center
will also handle inquiries about previously processed off-line funds and book-entry securities
transfers.
Funds Transfer Services
The basic operating procedures for processing funds transfers will not change. Your
current Fedwire funds transfer code words and authorized personnel list will continue to be
active.
Book-Entry Securities
The basic operating procedures for processing book-entry securities transfers will not
change. Also, your current authorized personnel list will continue to be active at the Off-line
Processing Center.

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)

Processing collateral transactions will be a joint responsibility between the Dallas
Securities staff and the Off-line Processing Center. To move a security into or out of a restricted
(collateral) account, please call the Off-line Processing Center to originate the off-line transfer.
Securities staff in Dallas will continue to manage the approval and release process for all collat­
eral accounts, Circular 154, Circular 176, joint custody, loans and discount, and Treasury Tax &
Loan. Dallas Securities staff will work with the pledgee to confirm the authorization to pledge,
release, and substitute securities.
Contingency for FedLine® and Computer Interface (Cl) Customers
FedLine and Cl customers who are unable to access on-line services should continue
to call their local Customer Service Center. The local staff will assist you in resolving the
problem. If off-line processing is required, your transfers will be handled by the Off-line Pro­
cessing Center. However, we strongly encourage all on-line customers to have a contingency
plan other than the off-line service, such as a backup FedLine terminal readily available for
emergency situations.
ENCLOSURE
For your convenience, we have enclosed a desktop reference sheet for Off-line Pro­
cessing Center contact numbers. The reference sheet also contains information about the support
services provided by each office.
MORE INFORMATION
Staff at the Federal Reserve Bank of Dallas and the Off-line Processing Center will
work closely to ensure that you continue to receive a high level of customer service. We wel­
come you to the Federal Reserve’s new Off-line Processing Center and look forward to a smooth
transition as you begin to conduct off-line transactions with us. If you have any questions re­
garding this change, please contact Vannecie Willis at (214) 922-6455.
For additional copies of this Bank’s notice, please contact the Public Affairs Depart­
ment at (214) 922-5254.
Sincerely,

O ff-line Funds and B ook-entry S e c u ritie s
C usto m er Support S ervic es
O ff-Line Processing C e n te r

Fax: ( 6 1 7 ) 9 7 3 - 5 9 1 8

Telep ho ne: (8 0 0 ) 3 2 7 - 0 1 4 7
•
•

•
•

Off-line origination, verification, notification and confirmation for funds transfers
Off-line origination, verification, and notification for securities transfers, including the
transfer of collateral in TT&L, Circular 154, Circular 176, joint custody, and loan and
discount accounts
Research requests, including prior transactions and securities principal & interest
payments
Off-line services to online customers in the event of an electronic service outage

O peratin g Hours
Our hours of operation will continue as published in the operating circulars.
•
•

No. 6 - Funds Transfers through Fedwire, Appendix B
No. 7 Book-Entry Securities Account Maintenance and Transfer Services,
Appendix B
-

D allas Support S e rvices
T e le p h o n e #
•

Fax #

Collateral Management
(e.g., approval of pledge and release of
securities held in collateral accounts)
Joint custody, Circular 154, and Circular
176 accounts
TT&L
Loans and discounts
Dallas
Houston
San Antonio

•

FedLine Help Desk
(First contingency contact
for FedLine and Computer
Interface Customers)

•

Audit confirmations and research
requests for on-line customers

(214)922-6751
(214) 922-6751
(214) 922-5322

(214)922-6777
(214) 922-6777
(214) 922-5334

(800) 333-1672
(800) 392-4162, ext. 111
(800)292-5810

(214) 922-6751

(214) 922-6777

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