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F ederal r eser ve Bank of Dallas DALLAS, TEXAS 75222 C ircular No. 77-136 December 6, 1977 TRUNCATION OF TREASURY CHECKS TO ALL MEMBER BANKS AND OTHERS CONCERNED IN THE ELEVENTH FEDERAL RESERVE DISTRICT: In the first half of 1978, this District will implement a new means of processing T r e a s u r y ch eck s . Under the new processing method, T r e a s u r y checks will be truncated at the first Reserve Bank of dep osit, and microfilm im ages and magnetic tape data will be fu rn ish ed the T r e a s u r y Department. This should greatly expedite the processing cycle. To accommodate this new mode of processin g, the symbol and serial num ber of each check will be p re-encoded in addition to the already MICR encoded routing num ber. On some ch e c k s , an ad d i tional one-digit transaction code will be MICR encoded in position 16; it is th e r e fore important that this field not be used by y our institution. A sample T re a s u ry check with the encoding referenced above is printed on the following page. Due to this new method of processing T r e a s u r y c h e c k s , the following pro ced u re s must be followed when T r e a s u r y checks a r e submitted to a Reserve office for payment: 1. All T r e a s u r y checks deposited with a Federal Reserve Bank must be amount encoded . 2. All deposits submitted on or after December 15, 1977 must be accompanied by a form MAIL-68, "Advice of Shipment." A supply of these forms will be sent to banks c u r r e n t l y d e positing Government checks with any Reserve office p rio r to December 15, 1977. 3. No more than 2,000 items should be sent with each MAIL-68. 4. After May 1, 1978, depositing banks that have rehabilitation capabilities a r e encouraged to rehabilitate items that reject from their high speed check handling equipment. All fields should be rehabilitated for p r o p e r p rocessin g. Banks and others are encouraged to use the fo llo w in g incoming WATS numbers in contacting this Bank: 1-800-492-4403 (intrastate) and 1-800-527-4970 (interstate). For calls placed locally, please use 651 plus the extension referred to above. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - Any questions concerning this new p ro ced u re should be directed to T. E. S p re n g , Assistant Vice P re sid ent of this Bank, Ext. 6336, or the a p p ro p riate Branch officer having responsibility for the T r e a s u r y check function. Sincerely y o u r s , Robert H . Boykin F irst Vice P resident U. S. COURTS WASHINGTON. D. C. no . 85 ,9 0 1 , 9 9 2 SYMBOL 0 0 0 0 Corporation tre a su re r 11” PAYTti THE ORD E R OP ,\Q T NPGCTIABLG DOLLARS T H E SUM OF D E P O S IT FUND [ C L E R K . U. £ . D I S T R I C T C O U R T VO. NO. SAMPLE B Y ____________________________________ . ' DRAWN FOR /B CV £ OBJECT „ l^taOOO B " H — TRANSACTION CODE L. CHECK DIGIT SERIAL NUMBER ROUTING NUMBER ICHECK DIGIT •SYMBOL
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