Full text of District Notices (Federal Reserve Bank of Dallas) : [Regulation No. 17]

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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, March 10, 1933.

To the Bank Addressed:

Under authority conferred upon him by President’s proclamations of
March 6 and 9, 1933, declaring and continuing bank holiday, Secretary of
Treasury has issued following regulation:
“ Any banking institution may, when the owners consent thereto, pay
checks issued prior to March 6, 1933, and received in due course of busi­
ness by the drawee banking institution, by charging the amounts thereof
to the accounts of the drawers and crediting such amounts to the accounts
of such owners on the books of the drawee banking institution.”
Released to press as regulation 17.

Yours very truly,

Governor.

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