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DALLAS

Dallas, T ex a s, June 18, 1951

To the Member and Nonmember Clearing Banks
of the Eleventh Federal Reserve District:

W e are in form ed b y th e F ed era l R ese rv e B ank o f K ansas C ity th a t u nder a u th or­
ity o f legislation re cen tly enacted in N ebraska, th e fo llo w in g com m ercia l banks in
O m aha h ave announced th a t th e y w ill rem ain closed on all S a tu rd ays b eg in n in g June
16, 1951, and con tin u in g th ro u g h S ep tem ber 15, 1951:
F irs t N ation al B an k o f Om aha
L iv e S tock N ation al B ank
T h e O m aha N ation al B ank
P a ck ers N ation al B ank
Th e S ou th O m aha S avin gs B ank
S tock Y a rd s N ation al B an k
Th e U nited S tates N ation al B an k o f Om aha
C on sisten t w ith such action , and u nder th e sam e a u th o rity , w e are in form ed th a t
th e O m aha B ra n ch o f th e F ed eral R eserve B ank o f K ansas C ity w ill rem ain closed on
all su ch S atu rdays. E a ch S a tu rd ay on and a fte r th a t date w ill be a legal h olid a y in all
resp ects a ffe ctin g th e Om aha B ran ch , and th e b ook s o f th e O m aha B ran ch w ill be
closed on th ose days.
T h e O m aha B ran ch will con tin u e to handle d e fe rre d cred it item s receiv ed up to
1 0:3 0 a.m . on S atu rdays, and S a tu rd ay will be cou n ted as a b u siness d ay in d eterm in ­
in g th e tim e w h en cred it w ill be giv en f o r su ch item s.
D ue con sid eration sh ould b e giv en to th e S atu rd ay closin g re fe r re d to w ith re ­
spect to tra n sfe rs o f fu n d s to and fr o m banks in th e te r rito ry served b y th e Om aha
B ran ch o f th e F ederal R eserv e B an k o f K ansas C ity. A tte n tio n is also called to the
p ossib ility o f th ere b ein g a delay in th e retu rn o f d ish on ored cash item s and in the
receip t o f a d vice o f th e n on p a ym en t o f such item s.
Y o u rs v e r y truly,
R . R . G IL B E R T
P resid en t

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)