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Fe d e r a l Re s e r v e Ba n k o f Da l l a s D A L L A S T3, T E X A S October 1,1948 T o the Member and Nonmember Clearing Banks in the Eleventh Federal Reserve D istrict: R eference is made to our circular letter o f July 23, 1948, advising that the N ew Orleans Branch o f the Federal Reserve Bank o f A tlanta would be closed on Saturdays through the month o f September. W e are now inform ed that the New Orleans Branch o f the Federal R eserve Bank o f Atlanta will be closed on Saturdays, until fu rth er notice. N otw ithstanding such Saturday closing, all cash items re ceived by the N ew Orleans Branch o f the Federal Reserve Bank o f A tlanta fo r deferred credit, within the hours provided fo r the acceptance o f such items, will be put in process o f collection and the availability o f the funds calculated fro m Saturday. However, there may be delays in the receipt o f advice o f nonpayment and the return o f dishonored cash item s in some instances. Due consideration should be given to the Saturday closing referred to with respect to transfers o f funds to and from banks in the territory served by the New Orleans Branch o f the Federal Reserve Bank o f Atlanta. Y ours very truly, R. R. G ILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)