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Federal R eserve Bank
OF DALLAS
DALLAS, TEXAS
75265-5906

HELEN E. HOLCOMB
F I R S T V I C E P R E S I D E N T AND
CH IEF O PER ATING O FFICER

May 2,1997
Notice 97-43

TO: The Chief Operating Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Random Print Errors on IRS
Tax Refund Checks
DETAILS
The U.S. Department of the Treasury, Financial Management Service, Austin
Financial Center, has identified a random print error on some U.S. Treasury checks produced
during the week of April 7, 1997. Intermittent printer hardware errors resulted in some checks
having the ‘X’ character replaced with a ‘B’ character and the ‘Z’ character replaced with a ‘C’
character. So far, this appears to be limited to IRS tax refund checks. These checks are
negotiable. The problem is random and appears to be limited to a small number of checks. The
cause of this problem has been identified and corrected. The MICR line is not impacted by the
misprintings, which occur primarily in the payee/address lines.
Please circulate a copy of this notice to all those in your organization who receive
and process IRS tax refund checks.
ATTACHMENT
Printed on the reverse of this notice is a sample of checks with the errors.
MORE INFORMATION
For more information, please contact Jim Phillips at (214) 922-6567. For additional
copies o f 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)

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