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F ederal reser ve ban k
O F DALLAS

Dallas, Texas, February 16,1961

To All Banks in the
Eleventh Federal Reserve District:
Another survey of one day’s volume of checks handled at the four offices of this
bank was made to determine the number of checks that are preprinted in conformity
with the Magnetic Ink Character Recognition Program of the American Bankers
Association. The following tabulation shows the results of the survey:

O
ffice
Dallas
City
Country
El Paso
City
Country
Houston
City
Country
San Antonio
City
Country

Num of
ber
Checks Surveyed

Num of
ber
Checks Conform
ing

Percentage of
Conformity

47,700
237,600

15,800
19,500

33.12
8.20

9,000
21,000

1,000
1,432

11.11
6.82

24,000
126,000

3,000
14,000

12.50
11.11

26,000
101,000

24
3,000

.09
2.97

The survey shows that, on the basis of totals for the district, the conformity
ratio increased 6.20 percentage points for city checks and 5.5,3 percentage points for
country checks since our last survey in November 1960. Moreover, the number of
banks participating in the program increased substantially.
While the results of the survey are encouraging, a greater percentage of con­
formity is necessary to assure success of the check mechanization program.
Banks will be informed periodically as to the progress made in this district.
Yours very truly,
Watrous H. Irons
President

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


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