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F ed er a l R eser ve Ba n k DALLAS. TEXAS of Dallas 75222 Circular No. 81-139 July 10, 1981 CHECK AND ACH PRICING TO THE CHIEF OPERATIONS OFFICER OF ALL DEPOSITORY INSTITUTIONS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The Monetary Control Act of 1980 requires the Federal Reserve to estab lish fees for services to depository institutions. In accordance with the requirements of the legislation, the Federal Reserve Bank of Dallas announced its check and ACH price structure in Circular No. 81-64, dated April 1, 1981. These prices will become effective August 1, 1981. Your institution may elect to have check and ACH service fees charged either of two ways. Charges may be functioned to your account a t the Federal Re serve Bank or through a designated correspondent. However, if your institution is a member of the Southwestern Automated Clearing House Association (SWACHA), your ACH service charges will automatically be charged to that organization unless you arrange for one of the direct billing methods mentioned. Charges for check services will be made on a per item basis according to the class of checks contained in each cash letter. Please enter the item count and item class designation in close proximity to the dollar amount of the cash letter. RCPC and mixed cash le tter despositors may enter volume on the appropriate deposit forms (RC-9 and TR-665). If your bank does not report volume, charges will be made on the basis of this Bank's calculation as each cash le tte r is processed; however, volume must be re ported on all package sorted deposits. Class of item should be reported even if you elect not to report the volume of items. Charges will be reflected on daily sta te ments and functioned to reserve accounts on the third Thursday following the close of the billing cycle. The billing cycle ends on the last Wednesday of each month. This three-week interim period allows time for settlem ent of discrepancies and adjustments prior to functioning the charge. In order to test our service charge system and also to provide time for in stitutions to become accoustomed to the new procedures, we will conduct two prelim inary billing tests prior to August 1, 1981. Therefore, we are asking those depositing institutions who wish to report volume to begin as soon as possible, but no later than August 1. Depositing institutions will receive test service charges during the trial. However, you will not be charged for commercial check or ACH services during the two test cycles. The schedule for test billing cycles for each Eleventh District office are listed. Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - Checks Dallas, El Paso, San Antonio . First test period: July 9 - 1 5 Test service charge statem ent received by July 23 . Second test period: July 16 - 2 2 Test service charge statem ent received by July 30 Houston . First test period: July 16 - 22 Test service charge statem ent received by July 30 . Second test period: July 23 - 30 Test service charge statem ent received by August 5 ACH Dallas, El Paso, San Antonio, Houston . First test period: July 16 - 22 Test service charge statem ent received by July 30 . Second test period: July 23 - 30 Test service charge statem ent received by August 5 Depository institutions depositing items specifically prepared for direct introduction into this Bank's high-speed check processing equipment should also MICR encode the number of items on the Cash L etter Ticket provided by this Bank. An example is enclosed showing the designated MICR f i e l d s f o r volume encoding. This Bank will be removing the ceiling limit on the number of items al lowable in a mixed deposit. Mixed cash letters may contain unsorted checks that can be any mixture of city, country, RCPC, other Federal Reserve territory items, U.S. Treasury checks, and Postal Money Orders. Unlimited mixed cash letters will be accepted a t the city close-off hour beginning August 1, 1981, and a t the 12:01 a.m. RCPC close-off hour beginning August 15, 1981. Depositors interested in the mixed cash letter program should contact their local Federal Reserve office for de tails on how to participate. The Dallas office will be removing the restriction requiring a separate sort of RCPC items over $50 if deposited after 11:00 p.m. Beginning August 1, 1981, depositing institutions may deposit all RCPC items, regardless of dollar amount, in one le tter a t the 12:01 a.m. close-off hour. - 3 - Please address questions concerning these pricing requirements or proce dural changes to Larry M. Snell, Assistant Vice President a t this Bank, (214) 651-6337; Robert W. Schultz, Assistant Vice President, El Paso Branch, (915) 544-4730; Vernon L. Bartee, Assistant Vice President, Houston Branch, (713) 659-4433; or John A. Bullock, Assistant Vice President, San Antonio Branch, (512) 224-2141. Sincerely yours, William H. Wallace First Vice President : ^ i ■ G PPi * ,iV - CASH LETTER TICKET F E D E R A L R E S E R V E B A N K O F DALLAS TR-634 X Report Volume in A u x il i ar y On-Us Field 2 3 & A 1 i : S 0 3 E»'D I I5i: N - D R EC EIVE D FROM TEXAS COMMERCE BANK DALLAS, TEXAS s
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