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F ederal Reserve Bank
O F DALLAS

Dallas, Texas, May 4, 1961

To All Banks in the
Eleventh Federal Reserve District:
Another survey of one day’s volume of checks handled at the four offices of this
bank was made to determine the number of checks that are preprinted in conformity
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

47,295
227,240

18,848
34,787

39.85
15.31

9,000
27,000

2,000
5,000

22.22
18.52

21,000
159,000

4,000
27,000

19.05
16.98

24,000
145,000

1,000
9,000

4.17
6.21

The survey shows that, on the basis of totals for the district, the conformity
ratio increased 6.94 percentage points for city checks and 5.77 percentage points for
country checks since our last survey in January, 1961. The number of banks partici­
pating in the program continues to increase satisfactorily.
Banks will be informed periodically as to the progress made in this district.

Yours very truly,
W
atrous 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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