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