Full text of District Notices (Federal Reserve Bank of Dallas) : Exchange Quotations, [Circular No. 18-16]

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FO R M

M IS C L .

14.

2 -1 8 -20 M -10125

FEDERAL RESERVE BANK
OF DALLAS
Circular No. 16,
Series of 19X8.
EXCHANGE QUOTATIONS
April 5th, 1918.
TO THE MEMBER BANK ADDRESSED*Effective at once, subject to change without notice, exchange
on banks in other Federal Reserve Cities and transfers made to other Federal
Reserve Banks for our account will be credited on receipt at 10$ per $1,000.00
discount for each intervening day, including Sundays and holidays, until credit­
ed to us by the receiving Federal Reserve Bank.
The following quotations are set forth for each day in the week,
as on Wednesdays four-day points become five day, on Thursdays three day points
become four day, and on Fridays two day points become three day, on account of
Sundays intervening:} the same rule applying to holidays*
T

W

T

F

S

3
3
3
3
3
2
2
2
3
2
4
2

30
30
30
30
30
20
20
20
30
20
40
20

30
30
30
30
30
20
20
20
30
20
40
20

30
30
30
30
30
20
20
20
30
20
50
20

40
40
40
40
40
20
20
20
40
20
40
20

30
30
30
30
30
30
30
30
30
30
40
30

30
30
30
30
30
20
20
20
30
20
40
20

mJ

II

M

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
San Francisco
New Orleans

SALES
Selling price will continue to be 5$ per f1,000.00 discount on
two day points and 15$ per $1,000.00 discount on 3 and 4 day points,
WIRE TRANSFERS
Wire transfers will be bought at par, and sold at par plus the
cost of telegrams.
The only modification of the basis of handling transfers above out­
lined, since November 27th, 1917, is, that heretofore no account has been taken
of Sundays, Holidays, or delays.
Yours very truly,

Governor

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