View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Federal Reserve

bank of

Dallas

D A L LA S 13, TEXA S

M ay 2 0 ,1 9 4 7

T o th e M em ber and N on m em ber C learin g B an ks
in the E leven th F ederal R eserve D is trict:

W e are in form ed b y the F ed era l R eserve B an k o f Cleveland
th a t under th e p rovision s o f A c t N o. 52 o f th e General A ssem b ly
o f P en n sylvan ia, a p p roved M ay 1, 1947, banks in th a t S tate m ay
rem ain closed on a n y S a tu rd ay o r S atu rd ays upon app roval o f
th e ir B oard o f D irectors w ith 15 d ays public notice. P u rsu a n t to
such law and con sisten t w ith th e a ction o f th e P ittsb u rg h C learĀ­
in g H ouse A ssocia tion , th e P ittsb u rg h B ra n ch o f th e F ederal
R eserv e B an k o f Cleveland will n o t b e open f o r business on any
S atu rd ay in th e m on th s o f June, July, A u g u st, and Septem ber,
1947.
Due con sideration should be given to th e S atu rd ay closin g
re fe r re d to w ith resp ect to tra n sfers o f fu n d s to and fr o m banks
in th e te r rito ry served b y th e P itts b u r g h B ranch o f th e Federal
R eserv e B ank o f Cleveland. A tte n tio n is also called to th e p ossiĀ­
b ility th a t th ere m a y be a delay in th e retu rn o f dish on ored cash
item s and in advice o f the n on pa ym en t o f such item s as a result
o f th e S atu rd ay closin g m entioned herein.

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