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F ederal

r es er ve

Bank

OF DALLAS

Dallas, Texas, November 15,1960

T o

A ll

B a n k s

E le v e n t h

in

t h e

F e d e r a l

R e s e r v e

D is t r ic t :

A survey was made recently of one day’s volume of checks handled at the four
offices of this Bank to determine the number of checks that are preprinted in con­
formity with the Magnetic Ink Character Recognition Program of the American
Bankers Association. The following tabulation shows the results of the survey:
Office

Dallas
City
Country
El Paso
City
Country
Houston
City
Country
San Antonio
City
Country

Number of
Checks Surveyed

Number of
Checks Conforming

Percentage of
Conformity

34,910
161,016

8,213
3,135

23.53
1.95

5,506
35,652

111
1,145

2.02
3.21

22,127
78,828

1,486
2,000

6.72
2.54

16,787
78,091

11
1,439

.07
1.84

Because of the number of banks that have started a preprinting program, the
percentage of conforming checks should increase substantially in the next few
months. Periodic surveys will be made in the future to determine the progress of
the program.
It is hoped that those banks which have not ordered a supply of preprinted
checks will do so when the next order is placed with their printer. Only through
the cooperation of all banks will the maximum benefit be derived from the check
mechanization program of the American Bankers Association.
Your cooperation in the preprinting program is appreciated.
Yours very truly.
Watrous H. Irons
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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