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F ederal Reserve Bank OF DALLAS Dallas, Texas, December 17, 1957 To the Member and Nonmember Clearing Banks of the Eleventh Federal Reserve District: Effective January 1, 1958, the Board of Governors of the Federal Reserve System has design ated P u erto Rico as being in or of the Second Federal Reserve District for purposes of Regulation J, “ Check Clearing and Collection” and Regulation G, “ Collection of Noncash Items.” A copy of each of those designations is enclosed. Please file them in your ring binder containing regulations of the Board of Gov ernors and bulletins of this bank. A lso enclosed is a list of the banks in Puerto Rico which have agreed to remit at par for cash items received by them from the Federal Reserve Bank of New York. Routing symbol 215 has been assigned to Puerto R ico and the transit number and routing symbol shown for each bank will be used for all banking offices of that bank in Puerto Rico. On and subsequent to the effective date, the Federal Reserve Bank of New Y ork will receive and handle for collection, in accordance with the terms and conditions of its applicable circulars, cash items and non cash items drawn on or payable at or through such banks, as well as all other noncash items payable in Puerto Rico. Accordingly, effective on and after January 1, 1958, all four offices of this bank will receive and handle for collection and direct sending banks may forward to the Federal Reserve Bank of New York for col lection, in accordance with the terms of our applicable operating bulle tins, the follow ing classes of item s: (1) Cash items drawn on banks (including their branches) in Puerto Rico, provided such banks are listed in the current Federal Reserve Par List or any supplement thereto. Credit for such cash items will be given two business days after receipt by us or two business days after dispatch by direct sending banks. (2) Noncash items payable in Puerto Rico, of the classes defined in subparagraph (1) through (6) page 1 of our Bulletin No. 9, as amended July 15, 1954, relating to collection of noncash items. Yours very truly, W atrous H. Irons 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 DALLAS December 17, 1957 ADDITIONS TO FEDERAL RESERVE PAR LIST Effective January 1, 1958, the Board o f Governors o f the Federal Reserve System has designated Puerto Rico as being in or of the Second Federal Reserve District. The banks in Puerto Rico, listed below, have agreed to remit at par for cash items received by them from the Federal Reserve Bank of New York after that date. Routing symbol 215 has been assigned to Puerto Rico. Following is a list of the par remitting banks in Puerto R ico : 59-201 215 Banco Popular de Puerto Rico San Juan, Puerto Rico 59-202 215 The Royal Bank of Canada San Juan, Puerto Rico 59-203 215 The Bank of Nova Scotia San Juan, Puerto Rico 59-204 215 The First National City Bank o f New York San Juan, Puerto Rico 59-205 215 Banco de San Juan San Juan, Puerto R ico 59-206 215 The Chase Manhattan Bank San Juan, Puerto Rico 59-208 215 Banco Credito y Ahorro Ponceno Ponce, Puerto Rico 59-209 215 Banco de Ponce Ponce, Puerto Rico 59-266 215 Roig Commercial Bank Humacao, Puerto Rico 59-272 215 Banco de Economias y Prestamos San German, Puerto Rico 59-273 215 Banco de San German, Inc. San German, Puerto R ico The transit number-routing symbol shown for each bank will be used for all banking offices of that bank in Puerto Rico. DESIGNATION OF PUERTO RICO AS BEING IN OR OF THE SECOND FEDERAL RESERVE DISTRICT FOR PURPOSES OF REGULATION G Pursuant to Footnote 1 of Regulation G, as amended effective July 15, 1954, the Board of Governors has taken the following action: For purposes of Regulation G, Puerto R ico shall be deemed to be in or o f the Second Federal Reserve District, effective on and after January 1, 1958. DESIGNATION OF PUERTO RICO AS BEING IN OR OF THE SECOND FEDERAL RESERVE DISTRICT FOR PURPOSES OF REGULATION J Pursuant to Footnote 1 o f Regulation J, as amended effective July 15, 1954, the Board of Governors has taken the following action: F or purposes o f Regulation J, Puerto R ico shall be deemed to be in or of the Second Federal Reserve District, effective on and after January 1, 1958.
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