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F e d e r a l R e s e r v e Ba n k OF DA LLAS Dallas, Texas, July 3, 1953 To the Member and Nonmember Clearing Banks of the Eleventh Federal Reserve District. We have been informed that the Nashville Branch of the Federal Reserve Bank of Atlanta will remain closed on Saturdays during the months of July and August 1953. The following is a revised list of Federal Reserve banks and branches which observe Saturday closing: Atlanta Baltimore . . . (branch of Richmond) Boston Buffalo . . . . (branch of New York) Chicago Cincinnati . . (branch of Cleveland) Cleveland Denver . . . . (branch of Kansas City) Detroit . . . . (branch of Chicago) Kansas City Little Rock . . (branch of St. Louis) Los Angeles . (branch of San Francisco) Louisville . . (branch of St. Louis) (except in any week in which another holiday is observed) Memphis . . . (branch of St. Louis) (May 9 to September 19, 1953, inclusive) Minneapolis Nashville . . . (branch of Atlanta) (during July and August 1953) New Orleans . . (branch of Atlanta) (except when immediately preceded by a holiday) New York Oklahoma City (branch of Kansas City) O m aha............ (branch of Kansas City) Philadelphia Pittsburgh . . . (branch of Cleveland) Richmond St. Louis Salt Lake City . (branch of San Francisco) (except when the preceding Friday or following Monday is a holiday) San Francisco S eattle............ (branch of San Francisco) Accordingly, telegraphic transfers to the above Reserve banks and branches cannot be accepted for consummation on Saturdays on which they remain closed. As many states have laws permitting Saturday closing and certain banks are remaining closed on Saturdays pursuant thereto, allowance should be made for possible delays in the presentation of items drawn on or payable at such banks, in the return of unpaid cash items, and in forwarding advices of 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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