Full text of District Notices (Federal Reserve Bank of Dallas) : Earlier Mailing of Daily Statement of Reserve Account

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FEDERAL RESERVE BANK
O F DALLAS

Dallas, Texas, January 16, 1959

EARLIER MAILING OF DAILY STATEMENT OF RESERVE ACCOUNT

To the Member Bank Addressed:

It is the present practice of this bank and its branches to mail to each
member bank a daily statement of its reserve account with the Federal Re­
serve Bank of Dallas and to enclose with it the drafts listed thereon. The
statement and drafts are mailed the business day next following the date of
the statement.
Effective January 19, 1959, this bank and its branches will mail the
daily statements currently. This is being done so our member banks will
know their reserve position as quickly as possible. In most cases the state­
ment will reach the member bank on the next business day. However, because
of necessary additional processing, it will not be practicable to enclose with
the statement drafts charged to the account that day; they will be for­
warded on the next business day. To facilitate identification of paid drafts,
which are photographed by us before mailing, the draft number or the last
three digits of the draft number will be posted on the statement.
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)