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F eder al R eserve Bank of Dallas HELEN E. HOLCOMB DALLAS, TEX AS FIRS T VICE P R E S ID E N T AND 75265-5906 CH IE F O PE R A TIN G O FFICER April 10, 1998 Notice 98-30 TO: The Chief Operating Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Price Changes for Check Collection DETAILS The Federal Reserve Bank of Dallas will change some check collection service charges and deposit deadlines at the Dallas and El Paso Offices, effective May 11, 1998. The Federal Reserve is required by law to implement fees that fully recover all of the costs of check operations. We have determined that a modest increase in some cash letter and item fees will be necessary to achieve full cost recovery in 1998. Most customers will see only a minimal increase in monthly expenses. The changes in deposit deadlines are intended to even the flow of incoming work, reduce processing bottlenecks, and help us maintain the lowest costs possible while serving our customers. We remain committed to offering the highest quality check products and services. A chart listing the revised fees and deposit deadlines at the Dallas and El Paso Offices is on the reverse side of this page. MORE INFORMATION For more information, please contact Terry Campbell, (214) 922-6603, or Don Jackson, (214) 922-5431, at the Dallas Office; Eloise Guinn, (915) 521-8201, at the El Paso Branch; Rene Gonzales, (713) 652-1543, at the Houston Branch; or Herb Barbee, (210) 978-1402, at the San Antonio Branch. For additional copies of this Bank's notice, please contact the Public Affairs Department at (214) 922-5254. Sincerely, For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Eleventh District Price Changes Effective May 11,1998 C urrent O f f ic e P roduct N ew C urrent N ew D e a d l in e D e a d l in e P r ic e P r ic e D a lla s RCPC RCPC RCPC RCPC Group Group Group Group Sorts Sort 2 Sort 3 Sort Payor .015 .013 4:00 a.m. 4:00 a.m. 4:00 a.m. 3:00 a.m. 3:00 a.m. 3:00 a.m. RCPC Fine Sort $ .007 $ .009 Country Regular Early Mixed Fine Sort $ $ $ $ .028 .014 .029 .01 $ $ $ $ .03 .016 .031 .012 $ .075 $ .10 High Dollar Group Sort Item Fee Cash Letter Fee Intradistrict Depositor Interdistrict Depositor $ 12.00 $14.00 $14.00 $16.00 Increase $ .50 All Cash Letter Fees, except Mixed & National City Sort (Forward & Electronic Enhanced) El P a so RCPC-Plus-City-Premium Item Fee Cash Letter Fee Intradistrict Depositor Interdistrict Depositor $ .056 $ $ $ 6.25 8.25 $ 7.00 $ 9.00 $ .054 $ $ $ 6.25 8.25 $ 7.00 $ 9.00 RCPC Group Sort-Regular $ .019 $ .021 RCPC Group Sort/Payor $ .007 $ .009 RCPC Fine Sort $ .007 $ .009 RCPC-Premium Item Fee Cash Letter Fee Intradistrict Depositor Interdistrict Depositor .062 .06