Full text of District Notices (Federal Reserve Bank of Dallas) : [The El Paso Branch of the Federal Reserve Bank of Dallas Will Begin Processing Checks for all Banks in its Territory on a High-Speed Check-Handling System]

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EL PA SO BRANCH
FEDER AL RESERVE BANK OF DALLAS
EL PASO, TEX AS

El Paso, Texas, June 15,1966

To All Member and Par Nonmember Banks
in the El Paso Branch Territory:
The first part of July the El Paso Branch of the Federal Reserve Bank
of Dallas will begin processing checks for all banks in its territory on a
high-speed check-handling system. Checks processed on this equipment will
be batched in groups of 300 items or less, with a page for each batch. How­
ever, only one total of all machined work will appear on the cash letter
form. No other change in the manner that checks are forwarded to the
drawee banks will be made at this time.
It will be very helpful if you will fully explain all adjustments to the
total of our letter on the reverse side of each cash letter form (TR-1) which
accompanies your remittance for our cash letter. Also, please return the
pages with position of errors marked and, if possible, a photocopy of any
improperly listed item. This will be very beneficial in our investigation of
the differences.
Your cooperation and assistance in this new procedure will be sincerely
appreciated.
Yours very truly,
F. W. Reed

Vice President-in-Charge

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