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F R P R IN T 3 2 8 1

Circular No. 2 6
Series of 1 9 2 0

FEDERAL

RESERVE

BANK

OF DALLAS

Dallas, Texas,

Ju ly 30, 1920.

TO THE M BER BARK ADDRESSED:
EM

W are ad vised by the Federal Reserve Bank
e
o f M inneapolis that owing to a recen t law enacted
by the South Dakota l e g i s l a t u r e , making i t a m is­
demeanor under c e r ta in circum stances f o r a Notary
P u b lic to p r o t e s t checks f o r non-payment, the Fed­
e r a l Reserve Bank o f M inneapolis w ill not be r e ­
s p o n s ib le f o r f a ilu r e to secu re p r o te s t o f checks
and d r a ft s r e c e iv e d f o r c o l l e c t i o n drawn upon
South Dakota banks, payment o f which has been r e ­
fu se d .
W understand that on ly a small number o f
e
South Dakota banks have s i g n i f i e d t h e ir in te n tio n
o f tak in g advantage o f t h is law, and we w i l l con­
tin u e to han dle, u n t il fu r th e r n o t ic e , checks and
d r a ft s drawn upon banks in that s t a t e , but we w ill
hot assume any r e s p o n s ib ilit y f o r secu rin g p r o te s t
o f unpaid item s.
This f o r your in form a tion and guidance in
the han dlin g o f items drawn on banks in the State
o f South Dakota.

R e s p e c t fu lly ,

Governor.

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


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