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Federal Reserve b a n k
OF DALLAS

March 1, 1965

To All Banks in the
Eleventh Federal Reserve District:
The most recent survey by Federal Reserve banks to measure commercial bank
participation in the Magnetic Ink Character Recognition Program of the American
Bankers Association indicates th at 92 percent of the checks cleared through the
Federal Reserve System are preprinted in magnetic ink with the identification num­
bers of the banks on which they are drawn.
Of the checks cleared through Reserve bank offices in this district 85 percent are
preprinted, an increase of 6 percentage points during the past year. The MICR pro­
gram is vitally important to the entire check collection system, and I urge th at banks
continue their efforts to bring all checks into conformity with the program.
A breakdown of the survey figures for the Eleventh D istrict is furnished on the
other side of this letter.
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)

BREAKDOWN BY RESERVE OFFICES OF THE ELEVENTH DISTRICT
Number of Checks
Surveyed

Number of
Checks Conforming

Percentage of
Conformity

51,500
330,300

49,700
274,800

97
83

13,100
37,900

12,300
32,100

94
85

28,200
159,900

26,300
130,600

93
82

33,100
156,200

Office

28,900
129,600

87
83

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

BREAKDOWN BY STATES LOCATED WHOLLY OR IN
PART IN THE ELEVENTH DISTRICT
State

Banks in
11th District

Arizona
Louisiana
New Mexico
Oklahoma
Texas

All Banks
in State

89
75
84
70
85

93
81
88
85 .
85

*v

BREAKDOWN FOR CERTAIN LARGER POINTS IN THE ELEVENTH DISTRICT
Number of Checks
Surveyed

Abilene, Texas
Amarillo, Texas
Austin, Texas
Beaumont, Texas
Corpus Christi, Texas
Fort Worth, Texas
Lubbock, Texas
Waco, Texas
Wichita Falls, Texas
Tucson, Arizona
Shreveport, Louisiana
Roswell, New Mexico
Durant, Oklahoma

Number of
Checks Conforming

Percentage of
Conformity

4,132
3,293
13,447
7,751
9,789
8,351
5,601
4,279
4,246
3,172
9,564
1,816
990

3,325
2,704
12,136
7,187
8,028
8,024
4,531
2,714
3,176
2,939
7,879
1,564
729

81
82
90
93
82
96
81
63
75
93
82
86
74


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102