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Federal Reserve Bank OF DALLAS TONY J . SALVAGGIO FIR S T V IC E PR ES ID EN T Decem ber 29, 1995 DALLAS, TEXAS 75265-5906 Notice 95-124 TO: The Chief Operating Officer of each financial institution in the Eleventh Federal Reserve District SUBJECT Return Item Reclearing Service DETAILS Beginning February 1, 1996, the Dallas Office of the Federal Reserve Bank of Dallas will offer an automatic R eturn Item Reclearing service. The E l Paso, Houston, and San Antonio Offices offered this service beginning August 1, 1995. This service will enable your institution to realize cost savings by eliminating the need to handle returns for reclearing purposes and will also provide improved availability. Institutions may elect to subscribe to this service at either a $100 or $200 cut off. Items being returned for the first time, within the selected cut-off, as “NSF” or “Uncollected Funds” are eligible for reclearing. These items will be outsorted from our outgoing return item cash letter to your institution. We will redeposit the items on your behalf for a minimum daily fee of $2.50 for the first 10 items. Daily volumes exceeding 10 items will be charged a per-item fee of 25 cents. MORE INFORMATION To subscribe to the R eturn Item Reclearing service or for more information on this service or other check related issues, please contact Charles Hunter, (214) 922-6543, or Terry Campbell, (214) 922-6603. For additional copies of this Bank’s notice, please contact the Public Affairs D epartm ent 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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