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563 llx OI'PICIO M&IIR&IIR W. P. G, HARDING, GOYIIIOI AUIRT STRAUSI, YICI Govi. .OI ADOLPH C. NJLLIR CHARLES 1. HAMLIN CARHRGLAH • S&CIUAIY OP THI TRIASbRY CH.UIHAN JOHN SKILTON WILLIAIII COIIPrROLLIR OP THI CURRINCY FEDERAL-RESERVE BOARD WASHINGTON J. A. BRODERICK, IICIITAIY W. T. CHAPMAN, AIIIITAIT IICIITAIY W. II. I II LAY, FIICAL AGINT ADDRa•s IIKPL..Y TO I'IEDJERAJ. RUJERVE •oARD SUBJECT: Gold Settlement Clearing Houston Branck~"· · FedeJ;S.l Reserite :Bank of Dallas. - '··. Dear Sir: The Federal Reserve Bank of Da.liat requests that arrangements be made to have Houston Branch coamence settling direct through the Gold Settlement Fund 1d th other Federal· Reserve Banks and Branches in the same manner aa now. in ·atfeet ·between Federal RBeerve Banke and Branches and Dallas bead office and El Paso. · . Accordingly, beginning Augu.st 4th Jmd evert settlement da7. thereafter, the Houston Brmch in addition to Dallas ·bead. office md El Paso Branch will· telegrs,ph _to the Federal Reserve Boar.d, code LABEG, .ita credits for other Fed:- .... eral Reserve. Banks and ~ireot settling branches at cl·ose of bu~iness previous da7 to· be settled through the daily gold fund clearing•.• The Board will .:· include in ,:the ·da.il7 BEPEG telegram to other Federal Reserve Banks and direct settling br~hes the credi ta of Bou~t·on as well as Dallas and El P&so as tollowa: Dallas amount El paso amount _Houston amount as and the Houston Branch will render to each Federal Reserve Bti.llk and Branch settling direct through 'the gold clearing daily -mail transcripts supporting credits as settled through the fund. The .Federal Reserve llank of ])i;;\llas requests that all items maturing AUgua.t 3rd and thereafter d:'awn on banks in Bcnist\>n district. be inclUded in cash letters direct to Houst~. All return items should be handled in accord-. anee with letter in which item was originally enclosed. The Federal Reserve Banke and those BranChes settling direct thr~ the gold fund are requested therefore to open an account with Houston ::Sran~h at such tiDJe ~ will permit· credits therein becoming available A'Ugllst 3rd and thereafter; and to wire to the Board, code LABEG, the ~t of such credits for the Augu.st 4th gc;ld fund clearing and tor .each daily clearing thereafter. . · They will a.l so render to the · B~uston Brandl dail7 mail transcripts wpporting credits thus settled thrcn:a.gl1 the gold tund eleari~. · · Please noie that new qstem is effective statements a.s of close of ·bueinesa Au&118t 2nd, clea.rin& Alig\lst 4th. Kindly &.dV;ise yoW: b·ranches and ackriowledge receipt of this letter. Ver.v truly ,.aura, Acting .Assistant secrata17. I· • LET'lft SENT. TO ALL ooVERNORS.
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