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F ed er a l

r es e r v e

Ban k

O F DALLAS

Dallas, Texas, August 9, 1961

To All Banks in the
Eleventh Federal Reserve District:
Another survey of one day’s volume of checks handled at the four offices o f 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:
Office

N um ber o f
Checks Surveyed

N um ber o f
Checks C onform in g

Percentage o f
C onform ity

Dallas
City
Country

48,338
223,667

21,987
54,925

45.49
24.56

El Paso
City
Country

9,081
33,860

2,305
7,952

25.38
23.48

Houston
City
Country

18,957
122,513

4,605
33,087

24.29
27.01

San Antonio
City
Country

22,471
103,595

2,169
14,242

9.65
13.75

Since our last survey in May 1961, the conformity ratio increased 5.91 per­
centage points for city checks and 9.21 percentage points for country checks. The
number of banks participating in the program continues to increase satisfactorily.
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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