Full text of District Notices (Federal Reserve Bank of Dallas) : Reduced Fees on Selected Electronic Check Services, Notice 93-64

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Federal R eserve Bank
OF DALLAS
TO N Y J . SALVAGGIO
F IR S T V IC E P R E S ID E N T

QQO
June 1C
15, 11993

DALLAS. TEXAS 7 5 2 2 2

Notice 93-64
TO:

The Chief Operating Officer of
each financial institution in the
Eleventh Federal Reserve District
SUBJECT
Reduced Fees on Selected Electronic
Check Services
DETAILS

Effective Thursday, July 15, 1993, fees for Extended MICR and
Truncation services will be reduced at all Eleventh District offices. The
minimum daily fees for each service will be reduced from $7.00 to $4.00 and
the per-item fees will be reduced from $.005 to $.003 for Extended MICR
and
from $.01 to $.006 for
Truncation.
Extended MICR and Truncation services include the electronic trans­
mission of check data via the RESPONSE network. With both services, the
Dallas Fed retains the checks, pulls return items upon request, and deposits
the returns at the next available deposit deadline. Extended MICR customers
receive their physical checks three days after transmission, whereas truncat­
ion customers do not receive their checks but receive photocopies of specific
checks upon request.
MORE INFORMATION
For more information, please contact Johnny Johnson, (214)
922-5427, at the Dallas Office; Eloise Guinn,(915) 521-8201, at the El
Paso
Office; Luke Richards,
(713) 652-1544, at the Houston Office; or Herb Barbee,
(210) 978-1402, at the San Antonio Office.
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)