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F e d e r a l e s e r v eB a n k
R
OF DALLAS
TO N Y J . SA LVA G G IO

September 1, 1994

FIR S T V IC E PR E S ID E N T

TO:

d allas , texas

75265-5906

The Chief Operating Officer of
each financial institution in the
Eleventh Federal Reserve District

Notice 94-91

SUBJECT
Introduction of Check Image Services
DETAILS
The Federal Reserve Bank of Dallas is pleased to announce the introduction
of Check Image services in the Dallas Office territory beginning October 1, 1994.
Check imaging will be available to financial institutions that subscribe
to Check Truncation or Extended MICR Capture services (Electronic Check Present­
ment).
Image technology will provide an enhanced level of service by improving the
response time for check retrievals, by reducing retrieval costs, and by providing
greater access to check information.
To maximize flexibility, service options can be used in the combination
that best suits the institution’s operation. A description of each service option
follows:
Basic Image Capture - This service represents the image capture of the front
and
back of all Fed processed items.
It is required if a customer plans to utilize the
other image services.
Fee:

$0,002 per item (both sides of check)
$5.00 daily minimum

Individual Image Retrieval - This service may be used to aid in the return item
decision, for signature verification, or other research purposes.
Requested images
can typically be delivered within two hours of receipt of a request.
Images can be
delivered via facsimile or, if a day delay is acceptable, on PC diskette or paper.
Fee:

$0.50
$1.00
$1.25

per item (front and back) if notified via
per item (front and back) if notified via
per item (front and back) if notified via

Fedline
Fax
telephone

Recurring Image Retrieval - A customer institution may request that images of
certain types of items be sent on a daily basis. Criteria for selection include
dollar
amount threshold, specific account numbers, or random sampling.Images can
be delivered via facsimile or, if a day delay is
acceptable,
on PC
diskette
paper.
Fee:

or

$0.20 (front side only)
$0.25 (both sides of check)

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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Select Image Bulk Delivery - A customer institution may elect to receive images of
certain types of checks on a bulk volume medium. A typical application for this
service is for an institution to send out image statements on selected accounts
only. Options include 3480 square tape or 8 millimeter helical tape, which will be
delivered via Fed courier on the day after presentment.
Fee:

$0,007 (both sides of check)
$10.00 daily minimum

All Image Bulk Delivery - With this service, a customer can receive an image file on
3480 square tape or 8 millimeter helical tape containing all its Fed processed
checks. As with Select Image Bulk Delivery, tapes will be delivered via Fed courier
on the day after presentment.
Fee:

$0,005 (both sides of check)
$10.00 daily minimum

Parameter Change Requests - A fee will be charged for a customer to change the
selection criteria or output medium for all check image services.
Fee:

$10.00 per occurrence after initial request

Media Charges - For an image file delivered on any medium other than facsimile
transmission, a charge per occurrence will be credited back to the customer if the
tape or diskette is returned.
Fee:

$1.00 per PC Diskette
$10.00 per 3480 square tape or 8 millimeter helical tape

In addition to having the above options available, the Dallas Fed can also
capture and transmit MICR data, truncate checks and make all of the above options
available to institutions for over-the-counter items. Details concerning this
service can be discussed on a case-by-case basis.
MORE INFORMATION
For more information, please contact Bill Morse, (214) 922-5139, at the
Dallas Office; Eloise Guinn, (915) 521-8201, at the El Paso Office; Luke Richards,
(713) 652-1544, at the Houston Office; or Herb Barbee, (210) 978-1402 at the San
Antonio Office.
For additional copies of this Ban k ’s notice, please contact the Public
Affairs Department at (214) 922-5254.
Sincerely,


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102