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Federal R eser ve Bank OF DALLAS WILLIAM H. WALLACE F IR S T V ICE P R E S ID E N T June 28, 1985 DALLAS, TEXAS 75222 Circular 85-89 TO: The Chief Executive Officer of all depository institutions in the Eleventh Federal Reserve District SUBJECT New procedures, effective August 23, 1985, on routine over-the-rqad cash transportation DETAILS Effective August 23, 1985, the Federal Reserve Bank of Dallas will discontinue its role in arranging for routine over-the-road cash transportation to and from depository financial institutions in the Eleventh Federal Reserve District. Similar action has been taken within the past years regarding over-the-road cash transportation in the State of New Mexico and city and suburban cash transportation in Reserve Bank cities. This decision is the result of a determination that this action continues the trend in past actions and that recent legislation in the State of Texas will allow all armored carrier companies greater flexibility to competitively engage in the transportation of coin and currency and to effectively meet the varied needs of depository financial institutions in Texas. Similar considerations would apply to the cash transportation involving depository financial institutions served by this office and located outside Texas. The last delivery of currency and coin under our current carrier arrangements will be on Friday, August 23, 1985. Similarly, all shipments to the respective Reserve Bank office under such arrangements should be dispatched to reach the Reserve Bank office no later than the close of business on August 23, 1985. Transportation charges incurred through August 23, 1985, will be billed on September 9, 1985, and charged to the designated reserve account on September 16, 1985. 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) - 2 - Depository institutions should contact armored carrier firms to make arrangements for the transport of its coin and currency. After making transportation arrangements, the depository institution will be required to send a letter to its Federal Reserve office specifying the carrier authorized to receive coin and currency shipments from the Reserve office and to deliver its coin and currency to the Reserve office. The letter must be signed by an officer of the depository institution whose signature is on file with the respective servicing Reserve office. This letter of authorization will remain in effect until canceled or superseded. The letter of authorization should reach the Cash Department of the Reserve office serving your institution no later than on Friday, August 16, 1985, in order for cash shipments to continue uninterrupted. The scheduled delivery date will continue to be determined by the Reserve Bank. MORE INFORMATION Should you have any questions or need assistance in contacting armored carriers, we will be pleased to provide the names and telephone numbers of armored carrier representatives who may be contacted. In this regard, please contact Mary Louise Rosas, (214) 651-6336 at the Dallas office, Robert W. Schultz, (915) 544-4730 at the El Paso office, Luke E. Richards, (713) 659-4433 at the Houston office, and Tony G. Valencia, (512) 224-2141 at the San Antonio office. Sincerely yours, William H. Wallace
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