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F

e d e r a l

R

e s e r v e

B

a n k

O F DALLAS
R O B E R T L. W H I T M A N
a s s i s ta n t v ice p re s id e n t

MUgUSL

J j

1 :7 0 0

DALLAS, TEXAS 7 5 2 2 2

To the Chief Operations Officer of each
Financial Institution in the Eleventh District:

RETURN LETTER DELIVERY ARRANGEMENTS

On August 10, 1987, the Competitive Equality Banking Act of 1987 was
signed into law. That law included the Expedited Funds Availability (EFA)
Act, which becomes effective September 1, 1988. The Act establishes check
hold rules, requires certain consumer disclosures, mandates that the Federal
Reserve establish appropriate regulations to implement the Act, and suggests
that the Federal Reserve consider changes in return check processing.
One of the return check changes the Federal Reserve will be making is
the return of unpaid checks directly to the institution that accepted the
check for deposit, rather than to the previous endorser. Therefore, any
institution that accepts checks for deposit from its customers will be eligi­
ble to receive a return check letter from the Federal Reserve. Accordingly,
it will be necessary for your institution to decide whether or not you will be
endorsing your deposited checks as the institution of first deposit and, if
so, where your return checks should be delivered. Please complete the
attached "Return Check Delivery Arrangement" form indicating whether receiving
your returns by the present method is your delivery preference, or whether you
prefer one of the other delivery options. To assist us in developing
effective procedures for handling returned checks, it will also be appreciated
if you will respond to the attached "Return Check Survey". Please complete
the questionnaires and return them by August 12, 1988.

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

Because the availability schedules mandated by the Act may make
knowledge of checks returned to your institution more critical, we encourage
you to carefully analyze your return check delivery requirements. We expect
that, in most instances, no changes will be required to the present arrange­
ments. However, in order that any necessary transportation arrangements can
be made and any legal agreements signed, please contact the individual listed
below at the Federal Reserve Office serving your zone if a change is neces­
sary.

Dallas

Charles R. Hunter

El Paso

Eloise Guinn

Houston

Louis R. Moore

Toll-Free: 1-800-392-4162
Local:
(713) 652-1581

San Antonio

Herb Barbee

Toll-Free: 1-800-292-5810
Local:
(512) 224-2141

(Texas)

Toll-Free: 1-800-592-1631
Local:
(915) 544-4730
(New Mexico) Toll-Free: 1-800-351-1012

Sincerely

Robert L. Whitman
Attachments

Toll-Free: 1-800-442-7140
Local:
(214) 651-6160

FEDERAL RESERVE BANK OF DALLAS
RETURN CHECK SURVEY
If you currently send return checks or are planning on sending return checks
to the Federal Reserve Bank of Dallas or one of its branch offices, please
complete and return this survey to your local Federal Reserve Office by
August 12, 1988. Please return this form promptly so that information and new
deposit forms can be sent to you prior to September 1, 1988.
1.

a) If you currently send return checks to the Federal Reserve, please
indicate the daily average volume:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
b) If you plan to start sending return checks to the Federal Reserve,
please indicate the approximate daily average volume:_ _ _ _ _ _ _ _ _ _ _ _
(Return Check Volume is the number of checks you dishonor each day
for non-payment e.g., NSF.)

2.

Please circle the type of option you will use:

QUALIFIED

RAW

(A Qualified Return Check is a returned or dishonored check that
has been prepared for high-speed sorting by either placing a strip along
the bottom edge or placing the check in a carrier envelope, preferably
translucent, and then encoding the routing/transit number of the bank of
first deposit and dollar/cents amount on the strip or envelope, plus the
number "2" in position 44. A Raw Return Check is a returned check
that has not been prepared for processing through high-speed equipment.)
3.

Please circle the work type(s) you expect to deposit with us.
MIXED

CITY

RCPC

COUNTRY

OTHER FED

(Please refer to the reverse side of this survey for routing transit
numbers located in each zone by work type.)
4.

For Qualified returns, please indicate what deadline(s) (time of
day) you expect to meet for each work type?
MIXED_ _ _ _ _ _ CITY_ _ _ _ _ _ RCPC_ _ _ _ _ _ COUNTRY_ _ _ _ _ _ OTHER FED_ _ _ _ _ _
(Please refer to the reverse side of this survey for Qualified Returns
deadlines.)

5.

For Raw returns, please indicate what deadline(s) (time of day)
you expect to meet for each work type?
MIXED_ _ _ _ _ _ CITY_ _ _ _ _ _ RCPC_ _ _ _ _ _ COUNTRY_ _ _ _ _ _ OTHER FED_ _ _ _ _ _
(Please refer to the reverse side of this survey for Raw Returns
deadlines.)

6.

Institution Name:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Nine Digit R / T : _ _ _ _ _ _ _ _ - _ _ _ _ _ _ _ _ _ - __

ADDITIONAL INFORMATION
Routing Transit Numbers
Zone
Dal las
Houston
San Antonio
El Paso

City

RCPC

Country

1110,3110
1130,3130
1140,3140
1120,3120

1111,1119,3111,3119
1131,3131
1149,3149
1122,1123, 1163
3122,3123, 3163

1113 ,3113

Return Checks Deadlines
Qualified Returns
Mixed

12:01
9:00
2:00
7:00
City
Regular
Fine Sort
RCPC
Regular
Premium
Fine Sort
Country
Regular
Fine Sort
0th Fed
Raw Returns
Mixed
City/RCPC/
0th Fed
Country

Houston

Dallas
a.m.
a.m.
p.m.
p.m.

12:01
9:00
12:00
8:00

a.m.
a.m.
noon
p.m.

San Antonio
12:01
9:30
12:00
7:30

El Paso

a.m.
a.m.
noon
p.m.

12:01 a.m.
9:15 a.m.
12:00 noon

9:00 a.m.
9:30 a.m.

9:00 a.m.
11:00 a.m.

9:30 a.m.
10:30 a.m.

9:15 a.m.
10:15 a.m.

12:01 a.m.
1:15 a.m.
4:00 a.m.
Sun-Thurs/
8:00 p.m.
9:30 p.m.
2:00 p.m.
7:00 p.m.

12:01 a.m.
1:15 a.m.
4:00 a.m.
NA
NA
NA
12:00 noon
8:00 p.m.

2:00 a.m.
NA
4:00 a.m.
NA
NA
NA
12:00 noon
7:30 p.m.

12:01 a.m.
12:30 a.m.
2:30 a.m.
NA
NA
NA
12:00 noon

Dallas
Sun-Thurs/
8:00 p.m.
12:01 a.m.

Houston
Sun-Thurs/
8:00 p.m.
12:01 a.m.

San Antonio
Sun-Thurs/
8:00 p.m.
2:00 a.m.

El Paso
Sun-Thurs/
8:00 p.m.
12:01 a.m.

12:01 a.m.

NA

NA

NA

Mailing Addresses for
Return of Survey Forms
Federal Reserve Bank of Dallas
Station K
Attn: Mr. Charles R. Hunter
Dallas, Texas 75222

Federal Reserve Branch in Houston
P.O. Box 2578
Attn: Mr. Louis R. Moore
Houston, Texas 77252

Federal Reserve Branch in El Paso
P.O. Box 100
Attn: Ms. Eloise Guinn
El Paso, Texas 79999

Federal Reserve Branch in San Antoni
P.O. Box 1471
Attn: Mr. Herb Barbee
San Antonio, Texas 78295

FEDERAL RESERVE BANK/BRANCH
0 Dallas P El Paso Q Houston [] San Antonio
RETURN CHECK DELIVERY ARRANGEMENTS

Deliver my returns:

(Check only one)

to my institution/processor
delivered

where

my

forward items are currently

to an institution/processor on current Federal Reserve
routes

Bank

courier

by first class mail to my institution
We will be arranging, at our expense, transportation for the delivery
of returns. (If you choose this option, we need a letter of author­
ization to release the returns to your agent.)
I will not have return checks delivered to me because items deposited
with me will be endorsed with the routing/transit number of my
payable-through institution or correspondent institution.
I will be contacting
directly by courier.

you

to

discuss

receiving my return checks

Please furnish the following information:

Your Institution

Return Check Delivery Point
if different than directly
to your institution

Name
Address
City/State
R/T Number

________________________
_________________
(Use Nine-Digit Number)

________________
_____ ___________
(If Applicable)

Signature
Title

Please return to your local Federal Reserve Office by August 12, 1988.