Full text of District Notices (Federal Reserve Bank of Dallas) : Regulations Issued by the Secretary of the Treasury Under the President's Proclamation Declaring a Bank Holiday - Continued

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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, March 23, 1933.

Regulations Issued by the Secretary o f the Treasury under the President’ s
Proclamation Declaring a Bank Holiday— Continued

To the Bank Addressed:
Supplementing our Circulars of March 18 and 21 on the above subject, the Secretary
of the Treasury has issued the following:
Interpretation 13— Revoking Treasury Regulations numbers 6 and 10.
“ Regulation number 28 is held not to prohibit the honoring of checks or drafts
drawn on or before March 18, 1933, under the terms of regulation number 6 or reg­
ulation number 10 as amended, subject to all the provisions and restrictions con­
tained in such regulations and except as otherwise prohibited.”
Regulation 29— Renewals of Notes Previously Rediscounted or Pledged by Banks which
have not been issued Licenses for Full Reopening.
“ Any banking institution which is a member of the Federal Reserve System and
is not licensed to perform usual banking functions may rediscount or pledge with
another banking institution renewals of notes which were previously rediscounted or
pledged with such other banking institutions.”
Yours very truly,

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