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Federal R eserve Bank OF DALLAS W IL L IA M H. W ALLACE FIRST V IC E PR ES ID EN T DALLAS, T E X A S June 22, 1987 AND C H IE F O PER ATING O FFIC ER 75222 Circular 87-44 TO: All depository financial institutions in the Eleventh Federal Reserve District SUBJECT Federal Reserve Bank Branch at El Paso to consolidate noncash collection and safekeeping operations at the Dallas Office DETAILS Effective August 1, 1987, the Federal Reserve Bank Branch, El Paso, Texas, will consolidate its processing of noncash collection items and its safekeeping operation with those same activities being performed at the Dallas Office. Generally, the change in noncash collection items will affect the collection of municipal coupons; however, it is intended to cover the terms and conditions of all noncash collections as described in this Bank's Bulletin 9. Those institutions in the El Paso territory which elect to continue depositing noncash items with the Federal Reserve are encouraged to do so by forwarding their noncash items to the Dallas Office. With this change, the city paying agents in El Paso will be classified as country endpoints. The effect of this change is detailed in the current version of Bulletin 9, Appendix E, entitled "Credit Availability Schedule". In connection with the consolidation of the safekeeping operations, all transactions regarding definitive safekeeping and book-entry safekeeping, including transfers of securities, will be processed by the Dallas Office. MORE INFORMATION For further information regarding this matter, please contact Tyrone Gholson at the Dallas Office (214) 651-6263; or Robert W. Schultz at the El Paso Office (915) 544-4730. Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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