The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F ederal Bank r e se r v e OF DALLAS Dallas, Texas, April 28, 1942 To the Member and Nonmember Clearing Banks of the Eleventh Federal Reserve District: There is enclosed revised page 9 of our Bulletin No. 8, relating to the collection of cash items. This page, representing the time schedule of availability, will become effective May 1, 1942. The principal changes made therein relate to the earlier closing hours for the receipt of certain classes of items and to the increased collection time applicable to items drawn on outlying banks in Houston. The revised page should be inserted in the ring binder containing bulle tins of this bank and the Regulations of the Board of Governors of the Federal Reserve System, in lieu of the corresponding page dated September 1, 1989. Yours very truly, R. R. GILBERT President EFENSE BUY UNITED STATES SAVINGS "B O N D S ANDSTAMPS This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) —9— B U LLETIN N o.8 (Superseding Time Schedule dated September 1, 1939) BEAD OFFICE FEDERAL RESERVE BANK OF DALLAS TIME SCHEDULE Effective May 1, 1942 A vailability F or F ollowing D escribed I tems Dallas— (E xcept Highland P ark and University P ark .) F ort W orth—(Limited to bank drafts drawn on F ort W orth member banks which are payable to the order of this bank or its branches.) Government checks and warrants drawn on the Treasurer of the United States. W ork Relief checks drawn on the Treasurer of the United States pay able through the Federal Reserve Bank of Dallas. Immediate D rafts on Federal Reserve Bank of Dallas and its branches; subject to Credit inspection and verification of signatures at the head office or branch on which they are drawn. Cashier’s checks and expense checks of all Federal Reserve banks and branches. Federal Reserve Exchange Drafts. ____ ( Except items drawn on outlying banks in Houston as Houston \ listed under three-day division. 1 San Antonio Memphis Business Kansas City New Orleans Day After Oklahoma City Little Rock Receipt All items drawn on par banks in head office territory, except those described under Immediate Credit division hereof. Also, items drawn on par banks in the following cities: 2 El Paso Cleveland Nashville Business Atlanta Denver Omaha »* Days After Birmingham Detroit Pittsburgh Receipt Charlotte Jacksonville St. Louis Chicago Louisville St. Paul Cincinnati___________Minneapolis_______________________________ Harrisburg National Bank, Houston, Texas. 3 * Business University State Bank, Houston, Texas. * * Days After All other items drawn on par banks located within the continental Receipt United States. ♦Credit for items payable in other Federal Reserve bank and branch cities, when received in separate letters, will be deferred on a calendar day basis when the items are in transit to banks in those cities on a Sunday or a holiday. ♦♦Deferred credit for a member bank’s own draft on its commercial bank correspondent will be based on the actual transit time in every instance. Central Time........................... CLOSING HOURS 10:00 A.M. (D aily )............. Items drawn on banks in the city of Dallas. 10:30 A. M.............................. Bank drafts drawn on F ort W orth member banks which are (Saturday 10:00 a. m.) payable to the order of this bank or its branches. 12:OOM................................... Work Relief checks drawn on the Treasurer of the United (Saturday 11:00a.m .) States payable through the Federal Reserve Bank of Dallas. Miscellaneous items of one or more days deferred availability according to this schedule, and Government checks and war rants drawn on the Treasurer of the United States. (Except that miscellaneous items of $500 or more will be received up to 1 :00 P.M. on Saturday and 2 :30 P.M. on other days, and that Government checks and warrants of $1,000 or more will be received up to 1 :00 P.M. on Saturday and 2 :00 P.M. on other days, when listed in separate letters containing only such items.) ' 2 :00 P. M................................ Cashier’s checks and expense checks of all Federal Reserve ( Saturday 1 :00 p. m.) banks and branches. Drafts on Federal Reserve Bank of Dallas or its branches. _________________________Federal Reserve Exchange Drafts. This schedule supersedes all previous schedules and is subject to change without notice.
@FedFRASER