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Federal Reserve Bank
of Dallas

l l★K

HELEN E. HOLCOMB
DALLAS, TEXAS
75265-5906

FIRST VICE PRESIDENT AND
CHIEF OPERATING OFFICER

June 15, 1999
Notice 99-45

TO: The Chief Operating Officer of each
financial institution in the El Paso territory
of the Eleventh Federal Reserve District
SUBJECT
Introduction of
Commercial Check Deposit MICR Service
DETAILS
The El Paso Office of the Eleventh Federal Reserve District is pleased to announce
the introduction of a deposit MICR service. This service expands the paper and electronic check
services that are currently offered by the El Paso Office to include basic and enhanced deposit
MICR services. Basic deposit MICR includes high-speed item capture, basic sorting, microfilm
capture, and transmission of the master-string MICR file to the financial institution’s host computer. Enhanced deposit MICR supplements basic deposit MICR with item encoding and transaction balancing. The components of this product are offered as a package.
The El Paso Office will begin offering deposit MICR services July 15, 1999.
ATTACHMENT
A listing of the fees for the service is printed on the reverse of this notice.
MORE INFORMATION
For more information on deposit MICR, please contact Eloise Guinn at (915)
521-8201. For additional copies of this Bank’s notice, 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.

Commercial Check Deposit MICR Service
El Paso Office

SERVICE DESCRIPTION

FEE

Basic Deposit MICR Capture

$0.006

Microfilming

$0.002

Electronic Check Presentment

$0.004

Check Processing
Cash Letter Fee
El Paso City Item Fee
El Paso RCPC Item Fee
Other Fed Item Fee
High Dollar Group Sort Cull

$10.00
$0.008
$0.011
$0.040
$0.250

Enhanced Deposit MICR (Item Encoding)

$0.022

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