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FED ER AL RESERVE BANK O F N EW YORK C ircu lar No. 7608] April 14, 1975 [ COLLECTION OF CASH ITEMS End-Point Sorted Deposits — Cranford Office To A ll Banks, and Others Concerned, in the Second Federal Reserve District: As part of its continuing program to improve the availability of credit for cash items deposited for collection in the Federal Reserve System, the Federal Reserve Bank of New York will, effective April 21, 1975, accept cash letters containing end-point sorted deposits of cash items payable by or at certain banks (as listed on the enclosed Cash Letter Recap form) that receive cash letters from the Cranford Office — Federal Reserve Bank of New York. Such cash letters may be deposited for immediate credit until 4 a.m. at the Cranford Office, Monday through Friday. The requirements for the deposit of end-point sorted cash letters are: 1. Cash letters must be enclosed in sealed packages. 2. Cash letters should contain only machineable items that are com puter processable. 3. Each sealed package should contain at least 200 items. All tape listings and recaps are to be clearly identified and dated. 4. Tape listings and recaps of bundles should be included within each sealed package. 5. Each package should be clearly marked with the name and ABA num ber of the depositing and paying banks. 6 . The total dollar amount of the cash letter should be clearly m arked on the package. 7. The total of the packages destined to each of the paying banks is to be listed on the Cash Letter Recap form. This form, copies of which will be provided by this Bank, should accompany each deposit. 8 . The grand total shown on the Cash Letter Recap will be credited to the depositing bank’s account on the books of this Bank. 9. A duplicate of the Cash Letter Recap form may be prepared by the depositing bank. This duplicate form will be receipted and returned to the depositing bank for its records. 10. Return items will be listed by the paying bank on the Return Item Cash Letter (form R&R 90), clearly marked “ End-Point Sorted Deposit.” 11. The depositing banks agree to accept all accounting entries resulting from differences reported by the paying banks. In addition, any inquiries regarding adjustments must be handled directly by the depositing banks with the paying banks. All of the provisions of our operating circulars will apply with respect to items included in the end-point sorted deposits described above in the same manner as in the case of all other cash items accepted and forwarded by this Bank for collection. Banks interested in taking advantage of this program or desiring additional information should contact Robert Ambrose, Office Administrator, Cranford Office (Telephone No. (201) 272-9000, Ext. 237). ALFRED HAYES, President. FEDERAL RESERVE BANK OF NEW YORK C R A N F O R D O F F IC E DATE N A M E OF D E P O S I T I N G BANK CASH LETTER RECAP UNIT I P A Y O R B ANK A B A NO. 55-1 55-2 55-9 55-32 55-55 55-57 55-98 55-101 55-102 A B A NO. UNIT III AMOUNT P A Y O R BANK A B A NO. AMOUNT MIDLANTIC NATIONAL BANK 'FIR ST NATL. STATE BANK OF NEW JERSEY F ID E L IT Y UNION TRUST COMPANY GARDEN STATE NATIONAL BANK FIRST NATIONAL BANK OF NEW JERSEY NEW JERSEY BANK (NATIONAL ASSOCIATION) THE NATL. STATE BANK, E LIZA B ETH , N.J. UNITED COUNTIES TRUST COMPANY FRANKLIN STATE BANK TOTAL TOTAL UNIT II PAYOR AIBA NO. 55-179 55-216 55-231 55-233 55-260 55-268 55-271 55-296 55-465 BANK AMOUNT THE NATIONAL BANK OF NEW JERSEY PEOPLES TRUST OF NEW JERSEY HERITAGE BANK, N.A. - IRON AMERICAN NATLBANK&TRUST OF NEW JERSEY SUMMIT AND ELIZAB ETH TRUST COMPANY COLONIAL FIRST NATIONAL BANK NATIONAL COMMUNITY BANK OF NEW JERSEY CITIZENS FIRST NATL. BANK OF NEW JERSEY THE CENTRAL JERSEY BANK AND TRUST CO. TOTAL http://fraser.stlouisfed.org/ Enc. Cir. No. 7®oa Federal Reserve Bank of St. Louis U N I T NO. RECAPIT ULATION GRAND TOTAL AMOUNT
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