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Federal R eserve Bank OF DALLAS HELEN E. H OLCOM B F I R S T V I C E P R E S ID E N T A N D C H IE F O P E R A T I N G O F F I C E R Alimi<st9 1996 DALLAS, TEXAS 7 5 2 6 5 -5 9 06 r lu 6 u jl Notice 96-80 TO: The Chief Operating Officer of each financial institution in the Eleventh Federal Reserve District SUBJECT Depositing Change for Canadian Postal Money Orders Denominated in U.S. Dollars DETAILS Effective September 9, 1996, Federal Reserve Offices will no longer accept Canadian postal money orders (CPMOs) denominated in U.S. dollars that are commingled with U.S. postal money orders, Treasury checks, other foreign U.S. dollar denominated postal money orders, or mixed cash letters. The reciprocal agreement between the U.S. Postal Service and Canada Post Corporation, which has enabled this clearing arrangement since 1901, has been set aside at the request of Canada Post. These items will instead be cleared like all other items cashed in the United States that are drawn on Canadian financial institutions. The items can be distinguished from others by the eight digit routing and transit number, 81281-127, which is the routing and transit num ber for CPMOs. Effective September 9, 1996, these items may be cleared through your local Federal Reserve Office by depositing them in a Canadian cash letter along with other U.S. dollar denominated Canadian checks. Or, they can be cleared through a correspondent bank in the U.S. that has a respondent relationship with a Canadian bank. As a result of this change in the clearing process, the applicable Canadian per-item and cash letter fees will be applied, as will the Canadian item availability. ATTACHMENT Attached is a copy of a CPMO. For additional copies, bankers and others are encouraged to use one o f the following toll-free numbers in contacting the Federal R eserve Bank o f Dallas: Dallas O ffice (800) 333 -4460; E l Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; H ouston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San A n tonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) MORE INFORMATION For more information on depositing Canadian checks (to include Canadian postal money orders) with this office, please contact Charles Hunter, (214) 922-6543, at the Dallas Office; Jane Pyke, (915) 521-8244, at the El Paso Office; Louis Moore, (713) 652-1581, at the Houston Office; or M artin Ramsey, (210) 978-1500, at the San Antonio Office. Sincerely, Pwf^Q«qtt— Check instructions on reverse before cashing. I 1 ! [ Pay to * / — Lisez les instructions afl^ f r" instructfonTa^. ------------- * J’----- !— verso avant d’encaisser.' J Payeza 2702^5 7D2tDD312t Serial no. N° d’ordre Day Jour - \ Sender oiKltnM 4 a tmtmu / . Envoyeur ^ Name Office no. N° du bureau Norn Address Month Year Mois Annee 31341b Adresse 1 Fee Code de droit usS?64 t 2 Currency Monnaie Amount Montant Account no. N° du compte \ h- ?o EEiOo a I'a&u*.. i: a i sa v*« i a ?»: Postal code Code postal '
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