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Federal R eserve Bank OF DALLAS WILLIAM H. WALLACE DALLAS, TEXAS 75222 F IR S T V ICE P R E S ID E N T November 20, 1986 Circular 86-96 TO: The Chief Operations Officer of all depository institutions in the Eleventh Federal Reserve District SUBJECT Fee and availability schedule for commercial check services DETAILS Effective January 1, 1987, new fee schedules for check services will be implemented at all Federal Reserve Banks. The new schedules are projected to fully recover all operating and float costs as well as the private sector adjustment factor throughout 1987. With the exception of selected check processing fees, the new schedule for the Eleventh District remains the same as last year. 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 attachment. Availability schedules and prices for interterritory check collection services offered by other Federal Reserve Banks are available upon request. 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 Deadline Product Routing Symbol Cash Letter Fee Per Item Fee Availability Mixed Cash Letter All $1.00 Calculated 1/ Computed 2/ High Dollar Group Sort 3/ $9.00 7.5<t Immediate 8:30 a.m. Tue. thru Friday City Unsorted Regular 1110, 3110 $1.00 1.6* Immediate 9:00 a.m. 1111, 1119, 1111, 1119, 3111 3119 3111 3119 $1.00 2A t Immediate 12:01 a.m. $1.00 3.2<t Immediate 1:15 a.m. 1113, 3113 3/ $1.00 $1.00 2.6t 2A t Next Day Next Day 1:30 p.m. 5:00 p.m. Sun. 8:00 p.m. Mon. thru Thurs. All $1.00 6.0<f. Computed 2/ 12:00 noon 7:00 p.m. $1.00 15.0* 9:00 a.m. $1.00 30. I t City & RCPC deferred 1 day, Country deferred 2 days 2 days 9:00 a.m. $2.50 $2.50 0.81 1.01 Immediate Immediate 9:30 a.m. 4:00 a.m. $2.50 1.01 Next Day $2.50 0.91 Immediate 5:00 p.m. Sun. 9:30 p.m. Mon. thru Thurs. 4/ RCPC Unsorted Regular Unsorted Premium Country Unsorted Regular Group Sort Federal Nonmachineable Local Other Fed Fine Sort City RCPC Country Offsite 4/ 1110, 1111, 1113, 1119, 3110 3111 3113 3119 All 1110, 1111, 1119, 1113, 3110 3111 3119 3113 1111, 3111 1113, 3113 12:01 9:00 12:00 7:00 EFFECTIVE: a.m. a.m. noon p.m. 1-1-87 CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: DALLAS Routing Symbol Cash Letter Fee Per Item Fee Availability Deadline Return Items 5/ 4/ None 50.0* Immediate & 1 day 12:00 noon Automated Returned Items 5/ 4/ None 25.0* Immediate & 1 day 12:00 noon Amount Encoding 6/ 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. Product - \ / Fee is calculated at regular price of each item plus 0.1* (one tenth cent) and rejects at 3.7*. Postal Money Orders and U. S. Treasury checks are calculated as city items. 2/ Contact Dallas Office for availability information for thevariouscutoffs. 3/ Contact Dallas Office for details on group sort deposits. 4/ Contact Dallas Office for specific details. 5/ The processing fee for returned checks will be charged to the payor institution. 6/ Price for encoding only. Processing is an additional charge. EFFECTIVE: 1-1-87 CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: EL PASO Product Routing Symbol Cash Letter Fee Per Item Fee Availability Deadline Mixed Cash Letter All $1.00 Calculated I f Computed 2/ 12:01 a.m. 9:15 a.m. 12:00 noon High Dollar Group Sort 3/ $13.50 15.0* Immediate 9:15 a.m. Tue. thru Friday City Unsorted Regular 1120, 3120 $1.00 1.6* Immediate 9:15 a.m. 1122, 3122 1123, 3123 1163, 3163 1122, 3122 1123, 3123 1163, 3163 All $1.00 2.9* Immediate 12:01 a.m. $1.00 4.3* Immediate 12:30 a.m. $1.00 6.0* Computed 2/ 12:00 noon RCPC Unsorted Regular Unsorted Premium Federal Nonmachineable Local Other Fed Fine Sort City RCPC 1120, 3120 1122, 3122 1123, 3123 1163, 3163 All $1.00 15.0* Next Day 9:15 a.m. $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. EFFECTIVE: 1-1-87 CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: EL PASO Product Routing Symbol Cash Letter Fee Per Item Fee Availability Deadline Returned Items 4/ * 3/ None 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 4/ 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. - 3/ 1/ Fee is calculated at regular price of each item plus 0.1* (one tenth cent) and rejects at 3.7*. Postal Money Orders and U. S. Treasury checks are calculated as city items. 2/ Contact El Paso Office for availability information for the various cutoffs. 3/ Contact El Paso Office for specific details. 4/ The processing fee forreturned checks will be charged to the payor institution. 5/ Price for encoding only. Processing is an additional charge. EFFECTIVE: 1-1-87 CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: HOUSTON Deadline Product Routing Symbol Cash Letter Fee Per Item Fee Availability Mixed Cash Letters All $1.00 Calculated 1/ Computed 2/ High Dollar Group Sort 3/ $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 2.1* 3.24; Immediate Immediate 12:01 a.m. 1:15 a.m. All $1.00 6.0 * Computed 2/ 12:00 noon 7:00 p.m. 1130, 3130 1131, 3131 All $1.00 15.0* Next Day 9:00 a.m. $1.00 30.7 * 2 Days 9:00 a.m. 1130, 3130 1131, 3131 $2.50 $2.50 0.8* 1 .0 * Immediate Immediate 9:30 a.m. 4:00 a.m. Returned Items 4/ 3/ None 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 4/ 2/ None 25.0* Immediate & 1 Day 12:00 noon All None 4.0* - 3/ - None None Immediate 3:00 p.m. None None Immediate 3:00 p.m. Federal Nonmachineable Local Other Fed Fine Sort City RCPC Amount Encoding 5/ Postal Money Orders U. S. Treasury Checks ! 12:01 9:00 12:00 7:00 a.m. a.m. noon p.m. \ ] Fee is calculated at regular price of each item plus 0.1* (one tenth cent) and rejects at 3.7*. Postal Money Orders and U. S. Treasury checks are calculated as city items. 2/ Contact Houston Office for availability information for the various cutoffs. 3/ Contact Houston 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. EFFECTIVE: 1-1-87 CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: SAN ANTONIO Deadline Per Item Fee Avai1abi1ity $1.00 Calculated 1/ Computed 2/ 3/ $9.00 7.5* Immediate 9:00 a.m. Tue. thru Friday 1140, 3140 $1.00 1.6* Immediate 9:30 a.m. 1141, 1149, 1141, 1149, $1.00 2.1* Immediate 12:01 a.m. $1.00 3.2* Immediate 1:15 a.m. All $1.00 6.0* Computed 2/ 12:00 noon 7:00 p.m. 1140, 3140 1141, 3141 1149, 3149 All $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 4/ 3/ None 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 4/ 3/ None 25.0* Immediate & 1 Day 12:00 noon Amount Encoding 5/ All None 4.0* - 3/ Postal Money Orders - None None Immediate 3:00 p.m. U. S. Treasury Checks - None None Immediate 3:00 p.m. Product Routing Symbol Mixed Cash Letters All High Dollar Group Sort City Unsorted Regular RCPC Unsorted Regular Unsorted Premium Federal Nonmachineable Local Other Fed Fine Sort City RCPC 3141 3149 3141 3149 ; Cash Letter Fee 12:01 9:30 12:00 7:00 a.m. a.m. noon p.m. 1/ Fee is calculated at regular price of each item plus 0.1* (one tenth cent) and rejects at 3.7*. Postal Money Orders and U. S. Treasury checks are calculated as city items. 2/ Contact San Antonio Office for availability information for the various cutoffs. 3/ Contact San Antonio 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. EFFECTIVE: 1-1-87
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