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FEDERAL RESER VE BANK
O F NEW YORK
Circular N o. 3 1 1 3 ~
1
July 30, 1946
J

FURTHER INFORMATION IN CONNECTION W ITH
SATURDAY AND OTHER CLOSINGS OF CERTAIN BANKS

To A ll Banking Institutions in the Second Federal
R eserve D istrict, and Others Concerned:

In our Circulars No. 3082, No. 3090, and No. 3095, dated April 26, May 24, and May 31, 1946,
respectively, we informed you of Saturday closings during the summer months of banks located in
New York, New Jersey, Massachusetts, and Connecticut.
W e have recently been advised regarding additional closings as follow s:
Delaware— W hile banks in the State of Delaware, except those in Sussex County, are permitted
to close on every Saturday during the year, only the banks in the W ilm ington area have so far
indicated that they will remain closed on every Saturday during the year.

Rhode Island— A ll banks will remain closed on Saturdays fo r the period beginning June 22, 1946
through Saturday, September 28, 1946.

District of Columbia — Beginning Saturday, J u ly 20, 1946, all banks will remain closed on every
Saturday during the year.

Atlanta , Georgia — The follow ing banks will close each W ednesday at 12:30 p. m. during July and
August, 1946:
Federal Reserve Bank of Atlanta
The First National Bank of Atlanta
Citizens and Southern National Bank
Fulton National Bank
Trust Company o f Georgia.

St. Louis, Missouri— The follow ing banks will not be open fo r business on Saturday fo r the period
July 13 to September 28, 1946, inclusive, except fo r limited transactions, principally the payment
of paper issued by themselves:
Mercantile-Commerce Bank and Trust Company
The B oatm en’s National Bank o f St. Louis
First National Bank in St. Louis
Industrial Bank o f St. Louis
Mississippi V alley Trust Company
Mutual Bank and Trust Company
The Plaza Bank of St. Louis
The Security National Bank Savings and Trust Company
United Bank and Trust Company.
A ll cash items drawn on or payable at such banks, received by the Federal Reserve Bank o f St. Louis
on these Saturdays will not be presented until the next business day. Noncash items drawn on or
payable at such banks, received by the Federal Reserve Bank o f St. Louis on these Saturdays,
will also not be presented until the follow ing business day, except with respect to items which are
included within the types the banks are prepared to pay and which the Federal Reserve Bank o f
St. Louis is specifically instructed to present.

In view of the closing of banks as above indicated there may be a delay in the return of dis­
honored cash items and in our advice to you of the nonpayment of such items.




A llan S proul,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102