Full text of District Notices (Federal Reserve Bank of Dallas) : [The Latter Part of June the Houston Branch of the Federal Reserve Bank of Dallas Will Begin Processing Checks for all Banks in Its Territory on a High-Speed Check-Handling System]

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H O U ST O N BR AN C H
FED ER A L RESERVE BANK O F DALLAS
H O U S T O N . TEXAS

Houston, Texas, June 21,1965

To All Member and P ar Nonmember Banks
in the Houston Branch Territory:
The latter p art of this month the Houston Branch of the Federal
Reserve Bank of Dallas will begin processing checks for all banks in its
territory on a high-speed check-handling system. Checks processed on this
equipment will be batched in groups of 300 items or less, with a tape for
each batch. However, only one total of all machined work will appear on
the cash letter form. No other change will be made a t this time in the
manner th a t checks are forwarded to the drawee banks except for the
appearance of the proof tapes.
It will be very helpful if you will fully explain all adjustments to the
total of our letter on the reverse side of the cash letter form (TR-1) which
accompanies your remittance for our cash letter. Also, please return the
tapes with position of errors marked and, if possible, a photocopy of any
improperly listed item. This will be very beneficial in our investigation
of the differences.
Your cooperation and assistance in this new procedure will be sincerely
appreciated.
Yours very truly,
J. L. Cook
Vice President-in-Charge

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)