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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 beĀ­
ginning Saturday, July 31, 1948, and extending through the
month of September, except that it will remain open on SaturĀ­
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)


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102