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FEDERAL RESERVE B A N K OF D A LLA S
D A L L A S 13, T E X A S

April 2, 1953

To the Member and Nonmember Clearing Banks
of the Eleventh Federal Reserve District:
We are informed by the Federal Reserve Bank of Kansas City
that under authority of Nebraska statutes, the commercial banks
in Omaha have announced that they will remain closed on Satur­
days beginning April 4, 1953. Consistent with such action, and
under the same authority, the Omaha Branch of the Federal Re­
serve Bank of Kansas City will remain closed on Saturdays. Each
Saturday on and after that date will be a legal holiday in all re­
spects affecting the Omaha Branch, and the books of the Omaha
Branch will be closed on those days.
The Omaha Branch will continue to handle deferred credit
items received up to 10:30 a.m. on Saturdays, and Saturday will
be counted as a business day in determining the time when credit
will be given for such items.
Due consideration should be given to the Saturday closing re­
ferred to with respect to transfers of funds to and from banks in
the territory served by the Omaha Branch of the Federal Reserve
Bank of Kansas City. Attention is also called to the possibility of
there being a delay in the return of dishonored cash items and in
the receipt of advice of the nonpayment of such items.
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)


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