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Federal R eserve Bank OF DALLAS ROBERT D. M C T E E R , J R . PRESIDENT AND CHIEF EX ECUTIVE O F F IC E R DALLAS, TEXAS 75222 April 1, 1991 Notice 91-30 TO: The Chief Operations Officer of each financial institution in the Eleventh Federal Reserve District SUBJECT Expansion of the pilot program for receipt and deposit of return items in forward collection cash letters DETAILS Beginning May 1, 1991, all financial institutions in the El Paso office territory will have the option of receiving and depositing return items intermingled in forward presentment cash letters. The program will be expanded to include the Houston and San Antonio offices later this year. Institutions in the Dallas territory have been participating in this program since October 1989. The program, which is designed to accelerate further the return process, will allow participating institutions to deposit returns in forward presentment cash letters provided they agree to receive returns intermingled in their incoming Fed cash letters. A return item deposited in a forward collection cash letter will be charged the appropriate forward collection fee if the institution to which it is being returned is a participant in the program. Other returns deposited in an intermingled cash letter will be assessed the normal return item fee. MORE INFORMATION For further information, please call Eloise Guinn or Jane Pyke in El Paso at (915) 544-4730. Sincerely yours, For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio 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)
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