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F ederal reserve Ban k DALLAS, TEXAS of Dallas 75222 Circular No. 83-132 October 28, 1983 FEE SCHEDULE FOR COMMERCIAL CHECK SERVICES TO ALL DEPOSITORY INSTITUTIONS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: Attached are the schedules of deposit deadlines and new fees for check collection services available to depositors in the Eleventh Federal Reserve District. These check prices will become effective December 1, 1983. This schedule retains all of the deposit options currently available to your institution. The only pricing structure change will be the addition of a cash letter fee for country group sort items deposited at the Dallas office. With implementation of this new fee schedule, the Federal Reserve will have fulfilled the requirement of the Monetary Control Act to include the cost of check float, at the federal funds rate, in check prices. Other steps taken this year to deal with check float include the July 1 implementation of new crediting procedures designed to eliminate or price interterritory check transportation float and, since August 1, the implementation of one-day deferral of credit on interterritory return items. We believe that the overall increase in fees is modest, particularly considering that these fees include the first full recovery of float costs. The new fee schedule is projected to fully recover all operating and float costs, as well as the private sector adjustment factor, throughout 1984. Prices are expected to remain at this level for the next year. 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. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Banks and others are encouraged to use the follow ing incom ing WATS numbers in co n ta ctin g this Bank: 1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the extension referred to above. - 2 Questions concerning the new check prices should be directed to Donald L. Jackson, (214) 651-6118 at the Head Office; Robert W. Schultz, (915) 544-4730 a t the El Paso Branch; Vernon L. Bartee, (713) 659-4433 a t the Houston Branch; or John A. Bullock, (512) 224-2141 a t the San Antonio Branch. Additional copies of this circular will be furnished upon request to the Public Affairs Department, Extension 6289. Sincerely yours, William H. Wallace First Vice President CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Routing Symbol DALLAS Per Item Charge Availability Cut-Off Time Mixed Cash L e t t e r All 3.6* Computed 1/ 12:01 a .m., 9:00 a . m . , 12:00 noon & 7:00 p.m. City Unsorted r e g u l a r 1110, 3110 1.6* Immediate 9:00 a.m. RCPC Unsorted r e g u l a r Unsorted premium 1119, 3119 1119, 3119 2.1* 3.1* Immedi ate Immedi ate 12:01 a.m. 1:15 a.m. 1111, 1112, 1113, 1163, 3111 3112 3113 3163 2.6* Next Day 12:00 noon Computer Processed 1111, 1112, 1113, 1163, 3111 3112 3113 3163 2.6* Next Day 1 :30 p.m. Prepared for High Speed 1111, 1112, 1113, 1163, 3111 3112 3113 3163 2.6* Next Day 2:30 p.m. $500 and Over 1111, 1112, 1113, 1163, 3113 3112 3113 3163 2.6* Next Day 2:30 p.m. 2.1* Next Day 5:00 p.m. Sunday 8:00 p.m. Mon Thurs. 5.8* 1- and 2-Day 12:00 noon & 7:00 p.m. Country Unsorted r e g u l a r : Ful ly qua! i f i e d Group Sort 2/ Federal y All But Dallas Territory CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Nonmachineable Local Other Fed Fine Sort 4 / City RCPC Country: Oklahoma Items Other Items Offsite 5/ Routing Symbol 1110, 1111, 1112, 1113, 1119, 3110 3111 3112 3113 3119 All but Dallas Terri t o r y DALLAS Per Item Charge 15.0^ 30.0(2? A vailability City & RCPC de fe r re d 1 day, country d e fe r re d 2 days 2 days Cut-Off Time 9:00 a.m. 9:00 a.m. 1110, 3110 1119, 3119 1.0 1 1.0* Immedi ate Immedi ate 9:30 a.m. 4:00 a.m. 1112, 3112 1.0* Next Day 4:00 p.m. 1111, 3111 1113, 3113 1.0* Next Day 5:00 p.m. Sunday 9:30 p.m. Mon Thurs. 1111, 3111 1113, 3113 1163, 3163 1.1* Immedi ate 12:01 a.m. Returned Items 6 / 5/ 50.0* Immedi ate & 1 day 12:00 noon Automated Returned Items 5/ 25.0* Immediate & 1 Day 12:00 noon Amount Encoding 7/ 5/ 4.0* Postal Money Orders 5./ No Charge Immedi ate 3:00 p.m. Treasury Checks 5/ No Charge Immedi ate 3:00 p.m. V 5/ - Contact Dallas Off ice fo r a v a i l a b i l i t y information f o r the va rious c u t o f f s . 2/ In a d d it i o n to the per item cha rge, t h e r e i s a $1 cash l e t t e r fee f o r group s o r t d e p o s i t s . 3/ Contact Dallas Off ice fo r d e t a i l s on group s o r t d e p o s i t s . 4-/ In a d d it i o n to the per item charge t h e r e i s a $2.50 cash l e t t e r fee f o r c i t y , RCPC and cou ntry f i n e s o r t l e t t e r s . The cash l e t t e r fee does not apply to o f f s i t e f i n e s o r t items. 5/ Contact Dallas Off ice f o r s p e c i f i c d e t a i l s . _6/ The processing fee f o r re t u r n e d checks will be charged to the payor i n s t i t u t i o n . JJ Price for encoding only. Processing is an additional charge. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Routing Symbol EL PASO Per Item Charge A v a i l a b i 1i t y Cut-Off Time Mixed Cash L e t t e r All 3.6* Computed 1/ 9:15 a.m., J2:00 noon, 1:30 p.m. City Unsorted Regular 1120, 3120 1.6* Immediate 9:15 a.m. 1122, 3122 1123, 3123 1163, 3163 2.6* Next Day 12:00 noon Computer Processed 1122, 3122 1123, 3123 1163, 3163 2.6* Next Day 1 :30 p.m. $500 and Over 1122, 3122 1123, 3123 1163, 3163 2.6* Next Day 2:00 p.m. All but El Paso T erritory 5.8* 1- and 2-Day 12:00 noon 15.0* City d e f e r red 1 day; Country de f e r r e d 2 days 9:15 a.m. 30.0* 2 Days 9:15 a.m. Country Unsorted Regular Fu lly Qual ifi ed Federal Nonmachineable Local Other Fed Fine Sort 2/ City 1120, 1122, 1123, 1163, 3120 3122 3123 3163 All but El Paso Terri t o r y 1120, 3120 1.0* Immedi ate 10:15 a.m. 1122, 3122 1123, 3123 1163, 3163 1.0* Next Day 4:30 p.m. Returned Items 3/ 4/ 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 1/ 25.0* Immediate & 1 Day 12:00 noon Country CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Amount Encoding 5/ Routing Symbol All EL PASO Per Item Charge Availability Cut-Off Time 4/ 4.0* Postal Money Orders 4/ No Charge Immediate 3:00 p.m. Treasury Checks 4/ No Charge Immediate 3:00 p.m. ]_/ Contact El Paso Office f o r a v a i l a b i l i t y information f o r the va rious c u t o f f s . 2/ In a d d it i o n to per item charge, t h e r e i s a $2.50 cash l e t t e r fee f o r c i t y and country fine sort l e t t e r s . 3 / The processing fee f o r re t u r n e d checks wi ll be charged to the payor i n s t i t u t i o n . 4J Contact El Paso Office for s p e c i f i c d e t a i l s . 5 / P r ic e f o r encoding only. Processing i s an a d d it i o n a l charge. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Routing Symbol HOUSTON Per Item Charge Avai1a b i 1i t y Cut-Off Time Mixed Cash L e t t e r All 3.6* Computed 1/ 12:01 a.m., 9:00 a.m., 12:00 noon, 7:00 p.m. & 4:00 p.m. Saturday City Unsorted Regular 1130, 3130 1.6* Immedi ate 9:00 a.m. RCPC Unsorted Regular Unsorted Premium 1131, 3131 1131, 3131 2.1 * 3.1* Immediate Immediate 12:01 a.m. 1:15 a.m. Federal Nonmachineable Local Other Fed Fine Sort 2/ City RCPC All but Houston Terri t o r y 1130, 3130 1131, 3131 All but Houston Terri t o r y 5.8* 1- and 2-Day 12:00 noon, 7:00 p . m . , & 4:00 p.m. Saturday 15.0* 1 Day 9:00 a.m. 30.0* 2 Days 9:00 a.m. Immedi ate Immedi ate 9:30 a.m. 4:00 a.m. 1130, 3130 1131, 3131 1.0* 1.0* Returned Items 3/ 4/ 50.0* Immediate & 1 day 12:00 noon Automated Returned Items 4/ 25.0* Immediate & 1 day 12:00 noon Amount Encoding 5/ All 4.0* - £/ Postal Money Orders 1/ No Charge Immediate 3:00 p.m. Treasury Checks 1/ No Charge Immediate 3:00 p.m. ]_/ Contact Houston Office f o r a v a i l a b i l i t y information f o r the va rious c u t o f f s . 2 / In a d d it i o n to per item charge, t h e r e i s a $2.50 cash l e t t e r fee f o r c i t y and RCPC f i n e s o r t cash l e t t e r s . 3 / The processing fee f o r r et u r n ed check will be charged t o the payor i n s t i t u t i o n . 4 / Contact Houston Offic e f o r s p e c i f i c d e t a i l s . 5/ Price for encoding only. Processing is an additional charge. CHECK COLLECTION SERVICE AND FEE SCHEDULE IN-ZONE DEPOSITORS OFFICE: Product Routing Symbol SAN ANTONIO Per Item Charge Availability Cut-Off Time Mixed Cash L e t t e r s All 3.6* Computed 1/ City Unsorted Regular 12:01 a .m., 9:30 a.m. and 12:00 noon & 7 :00 p.m. 1140, 3140 1.6* Immedi ate 9:30 a.m. 1141, 3141 1149, 3149 2.1* Immediate 12:01 a.m. 1141, 3141 1149, 3149 3.1* Immedi ate 1:15 a.m. 5.8* 1- and 2Day 12:00 noon 15.0* 1 Day 9:30 a.m. 30.0* 2 Days 9:30 a.m. RCPC Unsorted Regular Unsorted Premium Federal All but San Antonio Terri t o r y ^onmachineable Local 'O th er Fed 1140, 3140 1141, 3141 1149, 3149 All but San Antonio Terri t o r y Fine Sort 2/ City RCPC 1140, 3140 1.0* Immedi ate 10:30 a.m. 1141, 3141 1149, 3149 1.0* Immedi ate 4:00 a.m. Returned Items 3/ 4/ 50.0* Immediate & 1 Day 12:00 noon Automated Returned Items 1/ 25.0* Immediate & 1 Day 12:00 noon Amount Encoding 5/ All 4.0* - 1/ Postal Money Orders 1/ No Charge Immedi ate 3:00 p.m. Treas ury Checks 1/ No Charge Immediate 3:00 p.m. 1/ Contact San Antonia Office f o r A v a i l a b i l i t y information f o r the va rious c u t o f f s . 2 / In a d d it i o n to per item charge, t h e r e i s a $2.50 cash l e t t e r fee f o r c i t y and RCPC f i n e s o r t cash l e t t e r s . 3 / The processing fee f o r r et u r n ed checks will be charged to the payor i n s t i t u t i o n . 4 / Contact San Antonio Off ice f o r s p e c i f i c d e t a i l s . 5/ Price for encoding only. Processing is an additional charge.
@FedFRASER