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Federal reserve bank of Dallas D A L L A S 13. T E X A S July 23, 1948 To the Member and Nonmember Clearing Banks in the Eleventh Federal Reserve District: We are informed by the Federal Reserve Bank of Atlanta that its New Orleans Branch will be closed on Saturdays be ginning Saturday, July 31, 1948, and extending through the month of September, except that it will remain open on Satur day when such Saturday is followed by a holiday on Monday. Due consideration should be given to the Saturday closing referred to with respect to transfers of funds to and from banks in the territory served by the New Orleans Branch of the Federal Reserve Bank of Atlanta. Attention is also called to the possibility that there may be a delay in the return of dishonored cash items and in advice of the nonpayment of such items as a result of the Saturday closing mentioned 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)