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F ederal Reserve Bank of Dallas DALLAS, TEXAS 75222 C ir c u la r No. 7 2 -1 6 2 A ugust 2 , 1972 To A l l Banks in th e E le v e n th F e d e r a l R e se r v e D i s t r i c t : R e fe r e n c e i s made t o our C ir c u la r L e t t e r No. 72-15*+, d a te d J u l y 2 1 , 1 9 7 2 , annou ncing th e commencement o f th e N orth T exas R e g io n a l Check P r o c e s s in g C en ter o p e r a t i o n s on A ugust 1. In t h i s r e g a r d , B u l l e t i n 1 3 , c o v e r in g t h e C e n t e r 's o p e r a t i o n s , i s e n c lo s e d . Sup plem ents A and B t o t h i s b u l l e t i n r e s p e c t i v e l y c o n t a in t h e c u r r e n t tim e s c h e d u le f o r c r e d i t o f c a s h ite m s and a c u r r e n t l i s t o f p a r t i c i p a t i n g banks in th e C e n te r . I f t h e r e a r e any q u e s t io n s r e g a r d in g th e o p e r a t i o n s o f t h e N orth Texas R e g io n a l Check P r o c e s s in g C e n te r , p l e a s e c o n t a c t one o f th e o f f i c e r s i n c h a r g e o f t h e ch e c k c o l l e c t i o n f u n c t i o n s a t th e D a l l a s o ffic e . Yours v e r y t r u l y , P. E. Coldwell, President E n c lo s u r e This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) BULLETIN 13 Collection Of Cash Items Through The Regional Check Processing Center FEDERAL RESERVE BANK OF DALLAS SCOPE This bulletin describes the terms and conditions under which we will handle cash items for collection at the Regional Check Processing Center. Supplement A to this bulletin con tains the current time schedule for credit of cash items. Supplement B to this bulletin contains a current list of participating banks in the Regional Check Processing Center. This bulletin, along with Regulation J and certain other bulletins of this bank, constitutes a portion of the contract under which cash items are handled for collection by this center. BULLETIN 13 FEDERAL RESERVE BANK OF DALLAS TABLE OF CONTENTS Section 1, GENERAL 1.00 Collection contract 1.05 Authority Section 2, DEFINITIONS AND REFERENCES 2.00 2.05 2.10 2.15 Definitions, references to Regulation J Reference to Bulletin 1 Reference to Bulletin 8 Use of term “Regional Check Processing Center” 2.20 Use of term “Participating Bank” 2.25 Use of term “Correspondent Bank” 2.30 Use of term “relay station” Section 3, CASH ITEMS TO BE HANDLED 3.00 Requirements for handling by the Regional Check Processing Center 3.05 Unsorted cash items, 2,000 items daily average 3.10 Cash items received from a Correspon dent Bank 3.15 Cash items received at the relay station Section 4, PAYMENT FOR CASH LETTERS 4.00 4.05 4.10 4.15 Time of payment Forms to be used Effects of new agreements Termination of agreements Section 5, RETURN ITEMS BULLETIN 13 FEDERAL RESERVE BANK OF DALLAS Section 1, GENERAL This bulletin is directed to the appropriate mem ber and nonmember banks of the Eleventh Fed eral Reserve District and others concerned: 1.00 Collection contract 2.20 Use of term “Participating Bank” The term “Participating Bank” refers to any member or nonmember bank listed in the cur rent Supplement B of this bulletin. 2.25 Use of term “Correspondent Bank” Regulation J and this bulletin prescribe the terms and conditions upon which we will handle cash items for collection at the Regional Check Pro cessing Center. A “Correspondent Bank”, in this bulletin, means a member bank that a Participating Bank may designate by agreement for purposes of any set tlement necessitated by the Participating Bank’s use of the Regional Check Processing Center. 1.05 Authority 2.30 Use of term “relay station” This bulletin is issued pursuant to the provisions of sections 4, 13, 14(e], and 16 of the Federal Reserve Act and the provisions of related sta tutes and in conformity with the provisions of related statutes and Regulation J. The term “relay station” means the premises used by the Federal Reserve Bank of Dallas for the receipt of cash items sent thereto, with per mission of the Federal Reserve Bank of Dallas, by any participating bank, for transport to the Regional Check Processing Center and subse quent handling pursuant to the provisions of this bulletin. Section 2, DEFINITIONS AND REFERENCES 2.00 Definitions, references to Regulation J All terms defined in Regulation J and used herein have the meanings stated in that regulation. 2.05 Reference to Bulletin 1 Several definitions, rules of construction, and other provisions applicable to this bulletin are found in our Bulletin 1, General Provisions, and are incorporated herein by reference. 2.10 Reference to Bulletin 8 Except as may otherwise be specifically pro vided in this bulletin, all provisions of our Bul letin 8 shall be applicable to cash items sent to the Regional Check Processing Center. 2.15 Use of term “Regional Check Processing Center” The term “Regional Check Processing Center” means the premises used by the Federal Reserve Bank of Dallas for the receipt and handling, pur suant to the provisions of this bulletin, of cash items to be presented or forwarded for collec tion to any Participating Bank. Section 3, CASH ITEMS TO BE HANDLED 3.00 Requirements for handling by the Regional Check Processing Center The Regional Check Processing Center will han dle as cash items all items which fulfill the be low requirements and which are to be presented to a Participating Bank from any Federal Reserve Bank, from any member bank of another Federal Reserve Bank for account of such other Federal Reserve Bank, from any member bank of this bank, from a Participating Bank, or from a Cor respondent Bank. Except as otherwise provided by this bulletin, all items sent for handling to the Regional Check Processing Center must meet the requirements of section 3 in our Bulletin 8 and also must: [a) be preprinted or post-encoded with the rout ing symbol and suffix of the transit number of the paying bank in magnetic ink in E-13B type in the manner prescribed and at the location as signed by the A.B.A., FEDERAL RESERVE BANK OF DALLAS BULLETIN 13 ceived there, shall be deemed to have been re ceived at the Regional Check Processing Center. (b) be amount-encoded in the manner prescribed, and at the location assigned by the A.B.A.; pro vided that any bank which sends to the Regional Check Processing Center a daily average of fewer than 100 cash items per day eligible for handling hereunder, as determined by this bank, shall not be subject to the requirement of amount encoding, Section 4, PAYMENT FOR CASH LETTERS 4.00 Time of payment Payment for each cash letter will be effected on the day of presentment by a debit to a member bank’s reserve account. Each cash letter will be debited in full with subsequent adjustments for return items and errors. (c) be separately sorted in separate cash letters of Government checks, postal money orders, food stamp coupons, and items drawn on a Par ticipating Bank, and 4.05 Forms to be used (d) be properly endorsed as set forth in section 5 of our Bulletin 8. The following forms will be executed by Partici pating Banks for payment of cash letters: (a) An Immediate Settlement Agreement cover ing automatic charges to a member bank’s re serve account for items presented to it. 3.05 Unsorted cash items, 2,000 items daily average Any member bank that has for collection a daily average of not more than 2,000 amount-encoded items drawn on Participating Banks and items which originate from outside the Regional Check Processing Center area and which are payable outside the city or town in which such bank is located may, upon application, be permitted to send all those items to this bank unsorted in one cash letter. Credit for items so sent, when re ceived in time for presentment on the day of re ceipt of all items drawn on Participating Banks included with such cash letter, will be given one business day after receipt. (b) An Immediate Settlement Agreement to be executed by a member or nonmember bank des ignating the reserve account of another bank to be charged for payment of items drawn on the former. Any member bank authorizing use of its reserve account in this manner shall be deemed to designate the bank executing the agreement its agent to send cash items to the clearing center and to receive return items. (cj A Letter of Authority to Deliver Cash Letters to a Processing Center to be used in conjunction with either of the previously named two agree ments. 3.10 Cash items received from a Correspondent Bank 4.10 Effects of new agreements With respect to any cash item received from a Correspondent Bank under the terms of this bul letin, the relationships, rights, warranties, and liabilities existing between the Correspondent Bank and this bank will be deemed to be the same, and the provisions of Regulation J and this bank’s bulletins shall apply, as though the Cor respondent Bank had endorsed such items and sent them to the Regional Check Processing Center for its own account. An executed form of an Immediate Settlement Agreement or a Letter of Authority to Deliver Cash Letters to a Processing Center shall effec tively supersede and rescind all previous agree ments of the same type and all previous agree ments and authorizations concerning or related to the use of the automatic payment plan with regard to cash letters handled by the Regional Check Processing Center. 3.15 Cash items received at the relay station 4.15 Termination of agreements With the permission of this bank, cash items may be sent to the relay station, and when re Any party to a Letter of Authority to Deliver Cash Letters to a Processing Center may at any 2 8-1-72 FEDERAL RESERVE BANK OF DALLAS BULLETIN 13 in accordance with the provisions of section 210.12 of Regulation J, and subject to instructions contained in section 9 of Bulletin 8 and in Bul letin 11. time give written notice of termination to the other parties. Notice of termination by this bank will terminate the agreement as of the time stated in the notice. Notice of termination by any other party will terminate the agreement upon the later of receipt of the notice by this bank or the time stated in the notice. Termination shall not affect this bank’s rights to make all account entries required by the automatic payment plan relating to any cash letter dispatched prior to the effec tive date of termination. Return items which have been handled by two or more Participating Banks will be returned to the first participating endorser. In instances of such direct returns Correspondent Banks shall be deemed to have agreed that all legal respon sibilities and warranties will exist as though the return has been effected through them. Section 5, RETURN ITEMS If a cash item is returned without entry, refund will be made to the returning bank and charges will be made to the sender only if the sender specifically authorizes us to do so. Cash items received by the respective paying banks to which they have been presented or for warded hereunder are to be returned, if unpaid, 3 8-1-72 BULLETIN 13 FEDERAL RESERVE BANK OF DALLAS SUPPLEMENT A Time Schedule For Credit of Cash Items Presented Through The Regional Check Processing Center. Credit will be given by this bank for cash items eligible for handling hereunder when received at the Regional Check Processing Center in a separate cash letter by the closing hours indicated below: IMMEDIATE CREDIT CLOSING HOUR On Mondays through Fridays (if not holidays) 12:01 a.m. From Participating Banks and Federal Reserve Banks RCPC Items 12:01 a.m. *Checks drawn on the Treasurer of the United States, Postal Money Orders, and redeemed United States Department of Agriculture food stamps. DEFERRED CREDIT One business day after receipt On Sundays through Thursdays (if not holidays) **4:00 p.m. From senders other than Participating Banks and Federal Reserve Banks RCPC Items Mixed cash letters from any member bank that has for collection a daily average of not more than 2,000 amount-encoded items. 12:01 a.m. *This applies to nonm em ber participating banks. M ember banks may deposit these item s until 2:30 p.m., M onday through Friday, as set out in our Bulletin 10. **A11 items received betw een 4:00 p.m., T hursday and 4:00 p.m., Sunday will be credited Monday. A-l 8-1-72 BULLETIN 13 FEDERAL RESERVE BANK OF DALLAS SUPPLEMENT B Participating Banks — Regional Check Processing Center Dallas County Bank Location Dallas County State Bank First Security Bank & Trust Co. First Bank and Trust Co. American Bank & Trust Co. Bank of Dallas Bank of the Southwest Brookhollow National Bank Buckner State Bank Casa Linda National Bank Citizens National Bank Commercial National Bank Commonwealth National Bank Dallas Bank & Trust Co. Dallas International Bank East Dallas Bank Exchange Bank & Trust Co. Fair Park National Bank Fidelity Bank, N.A. First Citizens Bank First Continental Bank First National Bank Grand Avenue Bank & Trust Co. Greenville Avenue State Bank Grove State Bank Hillcrest State Bank Hillside Bank & Trust Co. Inwood National Bank Lakewood Bank & Trust Co. Main Street National Bank Mercantile National Bank Merchants State Bank Metro Bank of Dallas National Bank of Commerce North Central Bank North Dallas Bank & Trust Co. North Park National Bank Northwest National Bank Oak Cliff Bank & Trust Co. Park Cities Bank & Trust Co. Preston State Bank Republic National Bank Carrollton Carrollton Cedar Hill Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas B-l 8-1-72 Transit Number 1119-2230 1119-0144 1119-0147 1110-0081 1110-0097 1110-0118 1110-0420 1110-0095 1110-0098 1110-0110 1110-0105 1110-0108 1110-0090 1110-0071 1110-0091 1110-0082 1110-0086 1110-0431 1110-0089 1110-0175 1110-0001 1110-0075 1110-0083 1110-0025 1110-2159 1110-0099 1110-0104 1110-0079 1110-0115 1110-0061 1110-0084 1110-0101 1110-0004 1110-0285 1110-0096 1110-0121 1110-0094 1110-0053 1110-0093 1110-0092 1110-0062 BULLETIN 13 FEDERAL RESERVE BANK OF DALLAS Dallas County Bank Location Royal National Bank Security Bank & Trust Co. South Oak Cliff State Bank Texas Bank & Trust Co. Texas National Bank Trinity National Bank Valley View State Bank Village Bank, N.A. White Rock National Bank Wynnewood State Bank DeSoto State Bank First National Bank Central Bank & Trust Co. Town North National Bank Colonial National Bank First National Bank Garland Bank & Trust Co. Southern Bank & Trust Co. First National Bank Grand Prairie State Bank Midway National Bank South Central Bank American Bank & Trust Co. Citizens State Bank First National Bank Irving Bank & Trust Co. Southwest Bank & Trust Co. Bank of Lancaster First National Bank Bank of Mesquite First National Bank Mesquite State Bank Citizens State Bank First Bank & Trust First National Bank Promenade National Bank Richardson Heights Bank & Trust Seagoville State Bank Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas DeSoto Duncanville Farmers Branch Farmers Branch Garland Garland Garland Garland Grand Prairie Grand Prairie Grand Prairie Hutchins Irving Irving Irving Irving Irving Lancaster Lancaster Mesquite Mesquite Mesquite Richardson Richardson Richardson Richardson Richardson Seagoville Transit Number 1110-0103 1110-0358 1110-0080 1110-0077 1110-0116 1110-0100 1110-0394 1110-0396 1110-0102 1110-0088 1119-0159 1119-2370 1119-2374 1119-0450 1119-0224 1119-0774 1119-2234 1119-0167 1119-2238 1119-0730 1119-0157 1119-0426 1119-0296 1119-0299 1119-2382 1119-1112 1119-2300 1119-0293 1119-1874 1119-0418 1119-0829 1119-2389 1119-1261 1119-2369 1119-0168 1119-0364 1119-0203 1119-2277 B-2 8-1-72 BULLETIN 13 FEDERAL RESERVE BANK OF DALLAS Tarrant County Bank Location Arlington Bank & Trust Co. Arlington Bank of Commerce Arlington National Bank First National Bank Great Southwest National Bank Azle State Bank First State Bank Benbrook State Bank The Bank of Crowley First National Bank Bank of Commerce Central Bank & Trust City National Bank Continental National Bank Everman National Bank First National Bank Fort Worth National Bank Gateway National Bank Haltom City State Bank Northeast National Bank North Fort Worth State Bank Northwest National Bank Ridglea State Bank Riverside State Bank Security State Bank, River Oaks Seminary State Bank Southwest Bank State Bank of East Fort Worth Tarrant State Bank Union Bank of Fort Worth University State Bank West Side State Bank American Bank of Commerce First National Bank Bank of North Texas First National Bank of Hurst Keller State Bank Mansfield State Bank North Central Bank Arlington Arlington Arlington Arlington Arlington Azle Bedford Benbrook Crowley Euless Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Grapevine Grapevine Hurst Hurst Keller Mansfield Saginaw B-3 8-1-72 Transit Number 1119-2186 1119-0378 1119-0149 1119-2278 1119-0270 1119-2330 1119-2384 1119-0455 1119-0323 1119-2388 1119-0025 1119-0065 1119-0074 1119-0022 1119-0079 1119-0001 1119-0005 1119-0073 1119-2276 1119-2378 1119-0062 1119-0174 1119-0067 1119-0063 1119-2337 1119-0070 1119-0075 1119-0068 1119-0071 1119-0023 1119-0066 1119-0064 1119-0259 1119-1917 1119-0288 1119-2309 1119-0404 1119-2242 1119-0456
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