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R eserve Ba n k o f D allas
DALLAS. TEXAS

75222
C irc u lar No. 75-81
June 17, 1975

American Revolution Bicentennial

P IL O T PRO JEC T FOR CHECKLESS
A IR FORCE P A Y R O LL C R E D IT S

TO A L L B A N K S ,
O T H ER F IN A N C IA L O R G A N IZ A T IO N S ,
A N D OTH ER S CONCERNED IN T H E
E LE V E N TH FED E R A L RESERVE D IS T R IC T :
T h e U . S . A i r F o rc e , the T r e a s u r y , and the F e d e ral R e se rv e System have
announced plans for a jo in t p ro g ra m th a t w ill d is tr ib u te G o ve rn m e n t P a y ro ll C re d its to
u n ifo rm ed m em bers of the U .S . A i r F o rc e . T h e f ir s t step o f this p ro g ra m was im plem ented
in O ctob er 1974 w ith a p ilo t p ro je c t encom passing d is tr ib u tio n of p a y ro ll c re d its to fin a n ­
cial o rg a n iz a tio n s in C a lif o r n ia , C olo ra d o , G e o rg ia , W yom ing, and c e rta in po rtion s of New
M e x ic o . T h is p ro je c t re p la c e d the "C h ecks to F in an cial O rg a n iz a tio n s " p ro g ra m in those
s ta te s .
T h e im plem entation of the new p ro g ra m fo r fin an cia l o rg a n iza tio n s s e rv e d b y the
E leven th Federal R e s e rv e D is tr ic t has been scheduled d u r in g 1975.
V a rio u s inform atio n m a te ria ls e x p la in in g the new p ro g ra m an d o u tlin in g d etailed
p ro c e d u re s fo r h a n d lin g these c re d its a r e c u r r e n t l y b e in g p re p a re d fo r d is tr ib u tio n in the
n ear f u t u r e . In c lu d e d in this m a te ria l w i ll be:
1.

A F e d era l R e s e rv e B ank B u lle tin s p e c ify in g the conditions u n d e r
w h ic h the F e de ral R e s e rv e B ank of D alla s and its B ranches w ill
process A i r F o rce p a y ro ll c re d its as the Fiscal A g e n t o f the Gov­
e rn m e n t, as w e ll as how r e c e iv in g fin a n c ia l o rg a n iz a tio n s w ill
h a n d le the items.

2.

A n A i r Force L ette r n o tify in g p a rtic ip a tin g o rg a n iz a tio n s of the
upcoming change in the A i r Force p a y ro ll system .

3.

A F e de ral R e s e rv e Bank C ir c u la r to p a rtic ip a tin g fin an c ial
o rg a n iz a tio n s p r o v id in g g e n e ra l in fo rm a tio n , a d eta ile d tim e ­
tab le fo r the en s u in g test p e rio d s and liv e c o n v e rs io n , d e ­
ta ile d tech n ical s p e c ific a tio n s , and a q u e s tio n -a n d -a n s w e r
b r o c h u r e , a ll of w h ic h a r e d e s ig n e d to fu lly o rie n t p erso nn el
to the new A i r Force p ro g ra m .

A te n ta tiv e schedule o f events fo r im plem entation of the new p ro g ra m in the
E leven th F e de ral R e s e rv e D is tr ic t is p rin te d on the r e v e r s e of this c i r c u l a r . F u r th e r in ­
form ation w i ll be p ro v id e d in acco rd ance w ith this s c h e d u le .

Sincerely y o u rs ,
T . W. Plant
First Vice President

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

P IL O T PRO JECT FOR CHECKLESS
A IR FORCE P A Y R O L L C R E D IT S
SCHEDULE OF EVE N TS FOR T H E E LE V E N T H F ED E R A L RESERVE D IS T R IC T

EVENT

DALLAS
TARGET
D ATE

EL PASO
TARGET
D ATE

SAN A N T O N IO
TARGET
DATE

HOUSTON
TARGET
D ATE

1.

A i r Force C ontact L e tte r

6 -3 0 -7 5

7 -3 1 -7 5

8 -2 9 -7 5

9 -3 0 -7 5

2.

Federal R e s e rv e B ank B u lle tin

6 -3 0 -7 5

6 -3 0 -7 5

6 -3 0 -7 5

6 -3 0 -7 5

3.

Federal R e s erv e B ank Contact
L e tte r

7 - 7 -7 5

8 -1 1 -7 5

9 - 8 -7 5

1 0 -1 3 -7 5

a.
b.
c.
d.

G eneral in form ation
Q u e s tio n -a n d -a n s w e r b ro c h u re
T ec h n ic a l sp ecifications
Im plem entation schedule

4.

F irs t test e n trie s

7 -3 1 -7 5

8 -2 9 -7 5

9 -3 0 -7 5

1 0 -3 1 -7 5

5.

Second test e n trie s

8 -2 9 -7 5

9 -3 0 -7 5

1 0 -3 1 -7 5

1 1 -2 8 -7 5

6.

L ive A i r Force e n trie s

9 -3 0 -7 5

1 0 -3 1 -7 5

1 1 -2 8 -7 5

1 2 -3 1 -7 5

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