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Federal Reserve Bank of Dallas l l★K HELEN E. HOLCOMB DALLAS, TEXAS 75265-5906 FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER June 15, 1999 Notice 99-45 TO: The Chief Operating Officer of each financial institution in the El Paso territory of the Eleventh Federal Reserve District SUBJECT Introduction of Commercial Check Deposit MICR Service DETAILS The El Paso Office of the Eleventh Federal Reserve District is pleased to announce the introduction of a deposit MICR service. This service expands the paper and electronic check services that are currently offered by the El Paso Office to include basic and enhanced deposit MICR services. Basic deposit MICR includes high-speed item capture, basic sorting, microfilm capture, and transmission of the master-string MICR file to the financial institution’s host computer. Enhanced deposit MICR supplements basic deposit MICR with item encoding and transaction balancing. The components of this product are offered as a package. The El Paso Office will begin offering deposit MICR services July 15, 1999. ATTACHMENT A listing of the fees for the service is printed on the reverse of this notice. MORE INFORMATION For more information on deposit MICR, please contact Eloise Guinn at (915) 521-8201. For additional copies of this Bank’s notice, contact the Public Affairs Department at (214) 922-5254. Sincerely, 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. Commercial Check Deposit MICR Service El Paso Office SERVICE DESCRIPTION FEE Basic Deposit MICR Capture $0.006 Microfilming $0.002 Electronic Check Presentment $0.004 Check Processing Cash Letter Fee El Paso City Item Fee El Paso RCPC Item Fee Other Fed Item Fee High Dollar Group Sort Cull $10.00 $0.008 $0.011 $0.040 $0.250 Enhanced Deposit MICR (Item Encoding) $0.022