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F ederal reserve Ba n k OF DALLAS Dallas, Texas, July 15,1954 COLLECTION OF ITEMS PAYABLE IN ALASKA AND HAWAII To the Member and Nonmember Clearing Banks of the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System has adopted amendments to its Regulation J and Regulation G, effective July 15, 1954, pertaining to the collection through Federal Reserve banks of items payable in Alaska, Hawaii, Puerto Rico, and dependencies, insu lar possessions, and parts of the United States outside the continental United States. Pursuant to these amendments, the Board of Gover nors has designated Alaska and Hawaii as being in or of the Twelfth Federal Reserve District, for purposes of Regulation J and Regulation G, effective July 15, 1954. In view of these amendments, the uniform paragraphs of the cir culars, operating letters or bulletins of the Federal Reserve banks relating to the collection of cash and noncash items are being appro priately amended, effective July 15, 1954. We are enclosing a list of the points in Alaska and Hawaii on which cash items can be collected at par. Until further notice, credit for such items will be deferred for two business days after receipt by us and for two business days after dispatch by direct sending banks. Direct sending banks should send items payable in Alaska to the Seattle Branch of the Federal Reserve Bank of San Francisco and those pay able in Hawaii should be sent to the Federal Reserve Bank of San Francisco. Noncash items payable in Alaska will be handled by the Seattle Branch only when payable at points in which there is a par remitting bank. We are enclosing amendments to Regulation J and Regulation G (including the announcement designating Alaska and Hawaii as being in or of the Twelfth Federal Reserve District). There are also enclosed supplements to our Bulletins No. 8 and No. 9 giving effect to the amended regulations. These documents should be placed in your ring binder containing Regulations of the Board of Governors of the Fed eral Reserve System and bulletins of this bank. Please acknowledge receipt of the enclosures by signing and return ing the enclosed postal card. Yours very truly, WATROUS H. IRONS President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) COLLECTION OF NONCASH ITEMS AMENDMENTS TO REGULATION G Issued hy the B oard of Governors of the Federal R eserve System In order to permit the collection through the Federal Reserve Banks of noncash items payable in such of the Territories, dependencies, insular pos sessions, and parts of the United States outside the continental United States as the Board of Governors may designate, Regulation G is hereby amended, effective July 15, 1954, in the following respects: 1. The introductory language of section 1 of Regulation G is changed to read as follows: “As used in this Regulation, the term ‘noncash items’ means any items of the following classes when payable in any Federal Reserve district1: 3For the purposes of this bulletin Alaska, Hawaii, Puerto Rico and any dependency,, insular possession or p art of the United States outside the continental United States shall be deemed to be in or of such Federal Reserve district as the Board of Governors m ay designate/' 2. The numbering of present Footnotes 1 and 2 is changed to 2 and 3, respectively. DESIGNATION OF ALASKA AND HAWAII AS BEING IN OR OF THE TWELFTH 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, Alaska and Hawaii shall be deemed to be in or of the Twelfth Federal Reserve District, effective on and after July 15, 1954. CHECK CLEARING AND COLLECTION AMENDMENTS TO REGULATION J Issued by the B oard of Governors of the Federal R eserve System In order to permit the collection through the Federal Reserve Banks of checks drawn on nonmember par-remitting banks located in such of the Ter ritories, dependencies, insular possessions, and parts of the United States outside the continental United States as the Board of Governors may desig nate, Regulation J is hereby amended, effective July 15, 1954, in the follow ing respects: 1. Section 3 of Regulation J is amended by inserting a new Footnote 1 to the word “district” where it first occurs in such section, reading as follows: “’•For the purposes of this Regulation, Alaska, Hawaii, Puerto Rico and any dependency, insular possession or part of the United States outside the continental United States shall be deemed to be in or of such Federal Reserve district as the Board of Governors may designate.” 2. The numbering of present Footnotes 1, 2, and 3 is changed to 2, 3, and 4, respectively. DESIGNATION OF ALASKA AND HAWAII AS BEING IN OR OF THE TWELFTH FEDERAL RESERVE DISTRICT FOR PURPOSES OF REGULATION J Pursuant to Footnote 1 of Regulation J, as amended effective July 15, 1954, the Board of Governors has taken the following action: For purposes of Regulation J, Alaska and Hawaii shall be deemed to be in or of the Twelfth Federal Reserve District, effective on and after July 15, 1954. FEDERAL RESERVE BANK OF DALLAS Second Supplement to Bulletin No. 8 (dated June 1,1933) Effective July IS, 1954 COLLECTION OF CASH ITEMS To the Member and Nonmember Clearing Banks of the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System has adopted amend ments to its Regulation J, effective July 15, 1954, in order to permit the col lection through the Federal Reserve banks of checks drawn on nonmember par-remitting banks located in such of the Territories, dependencies, insular possessions, and parts of the United .States outside the continental United States as the Board of Governors may designate. For the purposes of Regu lation J, as amended, the Board of Governors has designated Alaska and Hawaii as being in or of the Twelfth Federal Reserve District, effective on and after July 15, 1954. In view of the amendments to Regulation J, our Bulletin No. 8, relating to the collection of cash items, dated June 1, 1953, is hereby amended, effective July 15, 1954, by inserting a footnote after the word “district” where it first occurs in subdivision (1) of paragraph 1, page 1, under the heading, “Items which will be accepted as cash items,” reading as follows : ‘^For the purposes of this bulletin Alaska, Hawaii, Puerto Rico and any dependency, insular possession or part of the United States outside the continental United States shall be deemed to be in or of such Federal Reserve district as the Board of Governors may designate.” Yours very truly, WATROUS PI. IRONS President FEDERAL RESERVE BANK OF DALLAS First Supplement to Bulletin No. 9 (dated February 1, 1940) Effective July 15, 1954 COLLECTION OF NONCASH ITEMS To the Member and Nonmember Clearing Banks of the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System has adopted amendments to its Regulation G, effective July 15, 1954, in order to permit the collection through the Federal Reserve banks of noncash items payable in such of the Territories, dependencies, insular possessions, and parts of the United States outside the continental United States as the Board of Gover nors may designate.. For the purposes of Regulation G, as amended, the Board of Governors has designated Alaska and Hawaii as being in or of the Twelfth Federal Reserve District, effective on and after July 15, 1954. In view of the amendments to Regulation G, our Bulletin No. 9, relating to the collection of noncash items, dated February 1, 1940, is amended, effective July 15, 1954, in the following respect: The introductory language in the first uniform paragraph under the head ing, “Definition of noncash items,” is hereby changed to read as follows: “As used in Regulation G and in this bulletin, the term ‘noncash items’ means any items of the following classes when payable in any Federal Reserve district1: 'F or the purposes of this bulletin Alaska, Hawaii, Puerto Rico and any dependency,, insular possession or p art of the United States outside the continental United States shall be deemed to be in or of such Federal Reserve district as the Board of Governors m ay designate.” Yours very truly, WATROUS H. IRONS President FEDERAL RESERVE RANK OF DALLAS July 15, 1954 ADDITIONS TO FEDERAL RESERVE PAR LIST Checks on all hanks in places shown below are collectible at par Effective July 15, 1954, the Board of Governors of the Federal Reserve System has designated Alaska and Hawaii as being in or of the Twelfth Federal Reserve District. Effective July 15, 1954, all banks in the following localities in Alaska and Hawaii are added to the Federal Reserve Par List: Alaska (Seattle Territory) Adak Anchorage Elmendorf Airforce Base Fort Richardson Seward Spenard Whittier Hawaii (San Francisco Territory) All banks
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