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Federal R eserve Bank OF DALLAS WILLIAM H. WALLACE FIR S T VICE P R E S ID E N T DALLAS, TEXAS 75222 November 26, 1986 Circular 86-99 TO: The Chief Operations Officer of all financial institutions in the Eleventh Federal Reserve District SUBJECT N ew fees for selected telephone advice inquiries DETAILS Effective January 1, 1987, the Federal Reserve Bank of Dallas and its branch offices will begin charging a fee for telephone advice inquiries on incoming and outgoing cash letters, ACH and Treasury Tax and Loan accounts. The fee per advice will be $3.25. A financial institution that maintains a clearing account will be allowed to pay these fees with earnings credits from that account provided sufficient earnings credits are available. Financial institutions in the Eleventh District have expressed significant interest in receiving key cash management information as early in the day as possible. By offering these services, critical information can be obtained on a more timely basis. These fees will enable the Dallas Fed to maintain current service levels and keep the cost of basic services as low as possible. Paper advices will continue to be delivered to all financial institutions that currently receive them. Advices may also be received free of charge electronically over the RESPONSE network through the Generalized Advice Retrieval System (GARS). MORE INFORMATION For more information, please contact Mr. Richard D. Ingram at (214) 651-6212. Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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