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Federal R eserve Bank OF DALLAS WILLIAM H. W ALLACE November 20, 1985 DALLAS, TEXAS 75222 FIR S T VICE P R E S ID E N T Circular 85-135 TO: All depository institutions in the Eleventh Federal Reserve District SUBJECT Fee and availability schedule for commercial check services DETAILS Effective January 1, 1986, a new fee schedule for check services will be implemented at all Federal Reserve Banks. The new schedule is projected to fully recover all operating and float costs as well as the private sector adjustment factor throughout 1986. With few exceptions, check processing fees in alldistricts are virtually unchanged for the second consecutive year. This shows the stability, consistency and continued improvement in the efficient delivery of Federal Reserve services. Information about deposit deadlines, availability and new prices for check services offered to in-zone depositors at each of the four Eleventh District offices is provided in the enclosure. Availability schedules and prices for interterritory check collection services offered by other Federal Reserve Banks are available upon request. These include the direct send service--where a depository institution arranges its own transportation to another Federal Reserve office--and the consolidated shipment service--where the depository institution deposits items at the local Reserve Bank for shipment to other Federal Reserve offices using our transportation network. ATTACHMENTS The check collection service and fee schedule is attached. MORE INFORMATION For additional information, please contact Robert L. Whitman, (214) 698-4357 at the Head Office; Robert W. Schultz, (915) 544-4730 at the El Paso Branch; Vernon L. Bartee, (713) 659-4433 at the Houston Branch; or John A. Bullock, (512) 224-2141 at the San Antonio Branch. 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) CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: DALLAS Product Mixed Cash Letter High Dollar Group Sort City Unsorted Regular RCPC Unsorted Regular Unsorted Premium Country Unsorted Regular Group Sort Federal Nonmachineable Local Other Fed Fine Sort City RCPC Country Offsite 3/ Routing Symbol Cash Letter Per Item Fee Fee Avail abil ity Cut-Off Time All $1.00 3.7<t Computed JL/ 2/ $9.00 7.5<t Immediate 8:30 a.m. Tue. thru Friday 1110, 3110 $1.00 1M Immediate 9:00 a.m. 1111, 1119, 1111, 1119, 3111 3119 3111 3119 $1.00 2.24: Immediate 12:01 a.m. $1.00 3.2<fc Immediate 1:15 a.m. 1113, 3113 $1.00 2.61 Next Day 1:30 p.m. 1/ $1.00 2A t Next Day 5:00 p.m. Sun. 8:00 p.m. Mon. thru Thurs. All $1.00 6.0<£ Computed \J 12:00 noon 7:00 p.m. $1.00 15.0<t City & RCPC deferred 1 day, Country deferred 2 days 9:00 a.m. $1.00 30.7<£ 2 days 9:00 a.m. 3110 3111 3119 3113 $2.50 $2.50 0. 8<t 1.0* Immediate Immediate 9:30 a.m. 4:00 a.m. $2.50 1 . 0* Next Day 1111, 3111 1113, 3113 None l.U Immediate 5:00 p.m. Sun. 9:30 p.m. Mon. thru Thurs. 3/ 1110, 1111, 1113, 1119, 3110 3111 3113 3119 All 1110, 1111, 1119, 1113, 12:01 9:00 12:00 7:00 a.m. a.m. noon p.m. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: DALLAS Product Routing Symbol Cash Letter Per Item Availability Fee Fee Cut-Off Time Returned Items 4/ 3/ None 50.0* Immediate & 1 day 12:00 noon Automated Returned Items 4J 3/ None 25.0* Immediate & 1 day 12:00 noon Amount Encoding 5/ All None 4.0* Postal Money Orders - None None Immediate 3:00 p.m. U.S. Treasury Checks - None None Immediate 3:00 p.m. 1/ Contact 2/ Contact 3/ Contact - 3/ Dallas Office for availability information for the various cutoffs. Dallas Office for details on group sort deposits. Dallas Office for specific details. 4/ The processing fee for returned checks will be charged to the payor institution. 5/ Price for encoding only. Processing is an additional charge. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Mixed Cash Letter High Dollar Group Sort City Unsorted regular RCPC Unsorted regular Unsorted premium Federal Nonmachineable Local Other Fed Fine Sort City RCPC Routing Symbol EL PASO Cash Letter Per Item Availability Fee Fee Cut-Off Time All $1.00 3.7* Computed 1/ 1/ $13.50 15.Oct Immediate 1120, 3120 $1.00 1.6* Immediate 9:15 a.m. 1122, 3122 1123, 3123 1163 3163 $1.00 3.0* Immediate 12:01 a.m. 1122, 3122 1123, 3123 1163, 3163 $1.00 4.3* Immediate 12:30 a.m. $1.00 6.0* Computed 1/ 12:00 noon $1.00 15.0* Next Day 9:15 a.m. All $1.00 30.7* 2 Days 9:15 a.m. 1120, 3120 $2.50 0.8* Immediate 10:15 a.m. 1122, 3122 1123, 3123 1163, 3163 $2.50 1.2* Immediate 2:30 a.m. All 1120, 1122, 1123, 1163, 3120 3122 3123 3163 12:01 a.m. 9:15 a.m. 12:00 noon 9:15 a.m. Tue. thru Friday CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: EL PASO Product Routing Symbol Cash Letter Per Item Availability Fee Fee Cut-Off Time Returned Items 3/ 2/ None 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 3/ 2/ None 25.0 * Immediate & 1 Day 12:00 noon Amount Encoding 4/ All None 4.0* - None None Immediate 3:00 p.m. None None Immediate 3:00 p.m. Postal Money Orders U.S. Treasury Checks - 2/ 1/ Contact El Paso Office for availability information for thevarious cutoffs. 2/ Contact El Paso Office for specific details. 3/ The processing fee for returned checks will be charged to thepayor institution. 4/ Price for encoding only. Processing is an additional charge. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Mixed Cash Letters Routing Symbol HOUSTON Cash Letter Per Item Availability Fee Fee Cut-Off Time All $1.00 3.7* Computed 1/ 2/ $9.00 7.5* Immediate 9:00 a.m; Tue. thru Friday City Unsorted regular 1130, 3130 $1.00 1.6* Immediate 9:00 a.m. RCPC Unsorted regular Unsorted premium 1131, 3131 1131, 3131 $1.00 $1.00 2.2* 3.2 * Immediate Immediate 12:01 a.m. 1:15 a.m. All $1.00 6.0* Computed 1/ 12:00 noon 7:00 p.m. $1.00 15.0* Next Day 9:00 a.m. $1.00 30.74 2 Days 9:00 a .m. $2.50 $2.50 0.8* 1.0* Immediate Immediate 9:30 a.m. 4:00 a.m. High Dollar Group Sort Federal Nonmachineable Local Other Fed Fine Sort City RCPC 1130, 3130 1131, 3131 All 1130, 3130 1131, 3131 12:01 9:00 12:00 7:00 a .m. a .m. noon p.m. Returned Items 3/ 1/ None 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 3/ 2/ None 25.0* Immediate & 1 Day 12:00 noon All None 4.0* Postal Money Orders - None None Immediate 3:00 p.m. U.S. Treasury Checks - None None Immediate 3:00 p.m. Amount Encoding 4/ 1/ 2/ 3/ 4/ - 2/ Contact Houston Office for availability information for the various cutoffs. Contact Houston Office for specific details. The processing fee for returned checks will be charged to the payor institution. Price for encoding only. Processing is an additional charge. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: SAN ANTONIO Product Mixed Cash Letters Routing Symbol Cash Letter Per Item Availability Fee Fee Cut-Off Time All $1.00 3.7* Computed 1/ 1/ $9.00 7.5* Immediate 1140, 3140 $1.00 1.6* Immediate 9:00 a.m. Tue. thru Friday 9:30 a.m. 1141, 3141 1149, 3149 1141, 3141 1149, 3149 All $1.00 2.2* Immediate 12:01 a.m. $1.00 3.2* Immediate 1:15 a.m. $1.00 6.0* Computed y 12:00 noon 7:00 p.m. $1.00 15.0* Next Day 9:30 a.m. $1.00 30.7* 2 Days 9:30 a.m. 1140, 3140 1141, 3141 1149, 3149 $2.50 $2.50 0.8* 1.0* Immediate Immediate 10:30 a.m. 4:00 a.m. Returned Items-3/ 1/ None 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 3/ 2/ None 25.0* Immediate & 1 Day 12:00 noon Amount Encoding 4/ All None 4.0* Postal Money Orders - None None Immediate 3:00 p.m. U.S. Treasury Checks - None None Immediate 3:00 p.m. High Dollar Group Sort City Unsorted regular RCPC Unsorted regular Unsorted premium Federal Nonmachineable Local Other Fed Fine Sort City RCPC 1140, 3140 1141, 3141 1149, 3149 All - 12:01 9:30 12:00 7:00 a.m. a.m. noon p.m. 2/ Contact San Antonio Office for availability information for the various cutoffs. 2/ Contact San Antonio Office for specific details. 3/ The processing fee for returned checks will be charged to the payor institution. 4/ Price for encoding only. Processing is an additional charge. y
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