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F

ed eral

R

eserve

Ba

n k

O F DALLAS

D allas, T e x a s, July 5, 1951

T o th e M em ber and N on m em ber C learin gs B anks
o f th e E lev en th F ed eral R ese rv e D is tr ic t:

W e are in form ed b y th e F ederal R eserve B an k o f St. L ou is th a t under
th e p rovision s o f th e A rk a n sa s A c ts o f 1949, N o. 194, a n y bank o r tru st
com pa n y tra n sa ctin g b a n k in g business in A rk a n sa s has th e p rivilege o f
suspen din g b u siness a ctivities on a n y one business d a y o f each w eek.
P u rsu an t t o th e p rov ision s o f such a ct and in c o n fo rm ity w ith th e action
o f th e L ittle R o ck banks, th e L ittle R o c k B ra n ch o f th e F ed era l R eserve
B ank o f St. L ou is w ill b e closed on S a tu rd ay s b e g in n in g J u ly 7, 1951.
N otw ith sta n d in g th e S a tu rd ay closin g, all cash item s received b y the
L ittle R o ck B ra n ch on S atu rd ay f o r d e fe r re d cred it, w ith in th e h ou rs p ro­
vided f o r th e receip t o f su ch item s, will be p u t in p rocess o f collection , and
S atu rd ay w ill b e cou n ted as a business d a y in d e term in in g th e tim e w hen
cred it w ill be giv en f o r such item s.
D ue con sid eration should be giv e n to th e S atu rday closin g re fe rre d to
w ith resp ect to tra n sfers o f fu n d s to and fr o m banks in th e te r rito ry
served b y th e L ittle R o ck B ran ch o f th e F ederal R eserve B an k o f St. Louis.
A tte n tio n is also called to the p o ssib ility o f th ere b e in g a delay in the
retu rn o f d ish on ored cash item s and in th e re ce ip t o f a dvice o f th e non­
p aym en t o f such item s.
Y o u rs v e r y tru ly,
R . R . G IL B E R T
P resid en t

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


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