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FEDERAL

RESERVE

BANK

OF DALLAS

D A L L A S 13. T E X A S

June 10, 1947

To the Member and Nonmember Clearing Banks
of the Eleventh Federal Reserve District:
We have been informed by the Federal Reserve Bank of St.
Louis that the Mercantile-Commerce Bank & Trust Company
has notified them that it will not be open for business on SaturĀ­
day for the period June 7, 1947, to and including September 27,
1947, except for limited transactions, principally the honoring
of paper issued by themselves.
All cash items drawn on or payable at that bank, received by
the Federal Reserve Bank of St. Louis on Saturday, will thereĀ­
fore, not be presented until the following business day.
Noncash items drawn on or payable at that bank, which are
received by the Federal Reserve Bank of St. Louis on Saturday,
will also not be presented until the following business day, unless
such items are included within the type the bank is prepared to
pay on Saturday and are accompanied by specific instructions to
present.
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