Full text of District Notices (Federal Reserve Bank of Dallas) : Discontinuance of Analysis Adjustments in Member Banks' Reserve Accounts Covering Money Shipments in Transit, [Circular No. 32-3]

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Circular No. 3
Series of 1932.

FEDERAL. R E SE R V E B AN K
OF DALLAS

Dallas, Texas, June 14,1932.

DISCONTINUANCE OF ANALYSIS ADJUSTMENTS IN MEMBER
BANKS’ RESERVE ACCOUNTS COVERING MONEY
SHIPMENTS IN TRANSIT

To the Member Bank Addressed:
Under date of February 27, 1929, this bank issued its circular No. 2
entitled “ Analysis Adjustments in Member Banks’ Reserve Accounts cov­
ering Money Shipments in transit,” which provided that in calculating its
required reserve a member bank would receive the benefit of money ship­
ments in transit.
At a recent meeting of our Board of Directors the subject was recon­
sidered and it was determined to discontinue the practice. Therefore, effec­
tive July 1, 1932, the circular referred to is revoked and on and after that
date no adjustments will be allowed in member banks’ reserve accounts
covering money in transit.
Yours very truly,

Governor.

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