The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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) - 2 - 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,