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Federal R eserve Bank
OF DALLAS
D A LLAS, TEXAS
7 5 265-5906

December 7, 1993
Notice 93-131

TO:

The Chief Operating Officer of
each financial institution in the
Eleventh Federal Reserve District
SUBJECT
Processing and Settlement of
Wire Transfers of Funds, Securities, and ACH Items
on December 24 and December 31, 1993
DETAILS

The Federal Reserve Banks will be open for business on December 24
and December 31. These two days will not be observed as holidays since they
occur on the Friday preceding a Saturday holiday. Therefore, wire transfers
of funds and securities received by Eleventh District financial institutions
on December 24 and December 31, 1993, will be posted and settled to the
account of the receiving financial institution. ACH items scheduled for
settlement on December 24 and December 31, 1993, will be settled as scheduled
or in accordance with Appendix 2 of Operating Circular 11 (Automated Clearing
House Op e r a t i o n s ) .
Financial institutions observing December 24 and December 31 as
holidays should not negotiate book-entry transfers of securities to settle
that day.
However, if book-entry securities are received against payment for
an online financial institution, the receiver’s account will be charged.
To
avoid such charges, this Bank will need prior notice and instructions from the
online institutions.
Security transfers received for offline financial
institutions will not be accepted without prior authorization.
Eleventh District financial institutions wishing to conduct wire
transfer of funds, securities, or ACH transactions on December 24 and December
31 will be able to connect to the Federal Reserve Bank of Dallas and its
branches and conduct business.
Financial institutions that desire to deter­
mine the legality of backroom operations on a state holiday should contact the
appropriate state agency.
MORE INFORMATION
If you have any questions or need additional information, please
contact one of the following persons:

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas:
Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162,
Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

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

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For Wire Transfer and ACH, please contact Jonnie
Miller, (214) 922-6433, at the Dallas Office; Luke
Richards, (713) 652-1544, at the Houston Office; or
Herb Barbee, (210) 978-1402, at the San Antonio
Office.
For Securities Transfers, please contact Robert Feil,
(214) 922-6787, or Nancy Barton, (214) 922-6746, at
the Dallas Office; Luke Richards, (713) 652-1544, at
the Houston Office; or Richard Gutierrez, (210)
978-1401, at the San Antonio Office.
For additional copies of this B a n k ’s notice, please contact the
Public Affairs Department at (214) 922-5254.
Sincerely,


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102