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FEDERAL RESERVE BANK
O F DALLAS

Dallas, Texas, February 15,1945

To the Member Banks of the
Eleventh Federal Reserve District:
The Bank Management Commission of the American Bankers Association has advised the
Federal Reserve banks that a recent survey of the opinions of all banks throughout the country
revealed that a large majority were in favor of amending the standard instructions as to pro­
test and telegraphic advice of nonpayment of cash items.
Accordingly, all Federal Reserve banks will revise their uniform instructions as to protest
and telegraphic advice of nonpayment, effective March 1, 1945, to read as follows :
“ Federal Reserve banks will receive, handle and forward cash items subject to the
following uniform instructions regarding protest and advice of nonpayment except
that United States Government checks will not be protested:
(1) Do not protest items of $100 or less.
(2) Protest dishonored items of $100.01 or over, except those bearing
on their face the A.B.A. no protest symbol of the Federal Reserve
bank or o f a preceding bank endorser.
(3) Wire advice of nonpayment of all items of $1,000 or over.”
These instructions will appear on the cash letters with which cash items are forwarded
to your bank.
It should be borne in mind that these instructions do not become effective until March 1,
1945, and that until that date the present instructions will continue in effect.
We are enclosing revised pages 5 and 6 of Bulletin No. 8, Transit Operations— Collection
of Cash Items, and of Bulletin No. 9, Collection of Noncash Items. These revised pages should
be inserted in the ring binder containing the current bulletins of this bank and the regulations
of the Board of Governors of the Federal Reserve System, in lieu of the corresponding pages
dated January 2, 1940, and February 1, 1940, respectively.
Yours very truly,
R. R. GILBERT
President

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

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