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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 Satur 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 there 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)
@FedFRASER