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Federal R eserve Bank OF DALLAS HELEN E. HOLCOM B D ALLAS, TE XAS FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER w iV X d y i I, Q Q f- 7526 5 -59 0 6 1^20 Notice 96-41 TO: The Chief Operating Officer of each financial institution in the H ouston Office territory SUBJECT Introduction of Check Image Services DETAILS The Federal Reserve Bank of Dallas is pleased to announce the expansion of Check Image services to the Houston Office beginning June 3, 1996. Check imaging will be available to financial institutions who subscribe to Image Enhanced Truncation or Image Enhanced E-MICR services. Image technology will enable the Fed to offer an enhanced level of service by improving the response time for check retrievals and by providing greater access to check information. To maximize flexibility, image service options can be used in the combination that best suits a financial institution’s operation. The Fed can also capture MICR data, truncate checks, and provide the options discussed below to institutions for over-the-counter items. Details concerning this service will be handled on a case-by-case basis. A description of each service is listed below. Basic Image Capture - This service represents the image capture of the front and back of all Fed processed items. It is required for cus tomers who utilize the other image services. Fees: $0,002 per item (front and back) $5.00 daily minimum Individual Image Retrieval - This service can aid in the return item decision, for signa ture verification, or other research purposes. Requested images can typically be delivered within two hours following a request. Images can be delivered via For additional copies, bankers and others are encouraged to use one o f the follow ing toll-free numbers in contacting the Federal Reserve Bank o f Dallas: Dallas O ffice (800) 333 -4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; H ouston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San A ntonio 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) facsimile, or if a one-day delay is acceptable, on PC dis kette, paper, or CD-ROM (including media fees where applicable). Fees: Recurring Image Retrieval - $0.75 per item (front and back) notified via Fedline $1.00 per item (front and back) notified via Fax $1.25 per item (front and back) notified via phone A financial institution may request that images of certain types of items be sent on a daily basis. Criteria for selec tion include: dollar amount threshold, specific account numbers or random sampling. Images can be delivered via facsimile, or if a one-day delay is acceptable, on PC diskette, paper, or CD-ROM. Fees: $0.20* per item (front side only) $0.25* per item (front and back) *Plus media fee where applicable Select Image Bulk Delivery - A financial institution may receive images on certain types of checks on a bulk-volume media. A typical application for this service is if an institution delivers image state ments on selected accounts only. Media options include: 8 millimeter helical tape or CD-ROM, which will be available on the day after presentment. Fees: $0,007 per item (front and back) $10.00 daily minimum All Image Bulk Delivery - With this service, a financial institution can receive an image file on 8 millimeter helical tape or CD-ROM con taining all its Fed processed checks. As with Select Image Bulk Delivery, media will be available on the day after presentment. Fees: $0,005 per item (front and back) $10.00 daily minimum Parameter Change Requests A fee will be charged if an institution wants to change its selection criteria or output media for all check image services. Fee: $10.00 per occurrence after installation Media Charges - If an image file is delivered on media other than Fedline or facsimile transmission, there will be a charge per oc currence. Credit will be given to the customer for each 8 millimeter tape return. CD-ROMs or PC diskettes are not returnable. Fees: $1.00 per PC diskette $10.00 per 8 millimeter helical tape $10.00 per CD-ROM disk MORE INFORMATION For more information, please contact Luke Richards, (713) 652-1544, at the Houston Office. For additional copies of this Bank’s notice, please contact the Public Affairs D epartm ent at (214) 922-5254. Sincerely,