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F ederal

reserve

bank of

Dallas

DALLAS. TEXAS 75222

Circular No. 70-307
December 22, 1970

REVISION OF TEE BULLETINS
NEW BULLETIN 1 - GENERAL PROVISIONS

To All Member Banks in the
Eleventh Federal Reserve District:

In the near future, we intend to reissue all of the bulletins
of the Federal Reserve Bank of Dallas. The new bulletins will be on
larger size paper for inclusion in the ring binder which has been pro­
vided for keeping the new, larger size reprints of Federal Reserve
Regulations.
In addition, the new bulletins will embody a number of editorial
changes designed to make them more usable. The bulletins are being re­
vised to eliminate obsolete material and where possible to shorten the
text. Each paragraph is being given a separate heading and number to
facilitate the location of particular provisions. A table of contents
will be included for each bulletin. The bulletins will be printed in
loose-leaf form, and each separate sheet will bear the date of issue in
the lower left hand corner of its odd-numbered side to facilitate keeping
the bulletins up to date.
In a further effort to shorten and simplify the bulletins, we
are incorporating a number of recurring definitions and provisions in a
single bulletin, to be known as Bulletin 1, General Provisions. A copy
of this bulletin, to be effective February k, 1971; is being furnished
to member banks in this district at this time, and is enclosed. A brief
review of this bulletin, it is hoped, will make the other bulletins
easier to use.
On that date - February ^+, 1971 “ you should:
(i) Remove the following four bulletins from
the binder, together with any amendments:
Bulletin No. 1, Rates for Discounts and
Advances, December 1, 1970
Bulletin No. 2, Bankers' Acceptances,
September 15, 1939

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

- 2 -

Bulletin No. 3, Discount or Purchase of
Sight and Demand Drafts, September 15,
1939
Bulletin No. 12, Advances to and Discounts
for Member Banks, July l7, 1966
(2) Insert new Bulletin 1, forwarded with this
circular, in the binder.
(3) Insert new Bulletin 2, Loans, in the binder.
New Bulletin 2 will be distributed to member banks
in the next few days in a separate mailing, together
with additional materials relating to a procedural
change in advances by this bank (for further descrip­
tion, see circular 70 -2 8 7 , dated December 1, 1970).
New Bulletin 2 will incorporate the provisions of
former Bulletins 1, 2, and 12; former Bulletin 3
will be discontinued as obsolete.
Additional bulletins in the new format will be forwarded from
time to time until the entire series is reissued.
Yours very truly,
P. E. Coldwell,
President
Enclosures

BU LLETIN 1

FEDERAL R ESERV E B A N K O F D A L L A S

Supplement A
BANKING AND NONBANKING DAYS
A-1.00 Nonbanking days

Nonbanking days for all offices of this bank are:
Saturday
Sunday
January 1 (New Year’s Day)
April 21 (San Jacinto Day)
July 4 (Independence Day)
First Monday in September (Labor Day)

Fourth Thursday in November (Thanksgiving
Day)
December 25 (Christmas Day)
Monday following the occurrence of January 1,
April 21, July 4 or December 25 on Sunday.
Any other day which this bank elects to treat
as a nonbanking day. (In such a case, advance
notification will be sent.)
A-2.00 Banking days

All days not listed as nonbanking days in
A-1.00 of this bulletin are banking days for all
offices of this bank.

BULLETIN 1

General Provisions

FEDERAL RESERVE BANK OF DALLAS

SCOPE
The bulletins of the Federal Reserve Bank of Dallas are publications dealing with the
services and functions of the bank. Although informational in character, they also serve
as a portion of the contract under which the services and functions are performed.
Bulletin 1 contains a number of definitions, rules of construction, and other provisions
which are applicable to other bulletins of this bank and are incorporated by reference in
the other bulletins. Supplement A to Bulletin 1 contains our current holiday schedule.

TABLE OF CONTENTS
Section 1, DEFINITIONS AND RULES OF
CONSTRUCTION

1.00 References to this bank
1.05 Other Federal Reserve Banks
1.10 Authorized officer, person and signature
1.15 Banking and nonbanking days
1.20 Closing hour
1.25 District, Eleventh District, etc.
1.30 Federal Reserve office and city
1.35 Member and nonmember banks
1.40 Nonmember clearing bank and
nonmember clearing account
1.45 Territory
1.50 Other definitions and rules of
construction
Section 2, REFERENCES

2.00 Regulations

2-4-71

2.05 Rules
2.10 Bulletins
2.15 Treasury Department Circulars
2.20 Other authorities
Section 3, TIME
Section 4, WITHDRAWALS, ADDITIONS
AND AMENDMENTS

4.00 Withdrawals, additions, amendments
4.05 Amended pages
Section 5, CONTRACT
Section 6, INCORPORATION BY REFERENCE
Supplement A, BANKING AND NON­
BANKING DAYS

A-1.00 Nonbanking days
A-2.00 Banking days

BULLETIN 1

FEDERAL RESERV E B A N K O F D A L L A S

Section 1, DEFINITIONS AND RULES
OF CONSTRUCTION
The following definitions and rules of construc­
tion apply throughout this and other bulletins
of the Federal Reserve Bank of Dallas.
1.00 References to this bank

References such as “this bank”, “we”, and “us”
are to the Federal Reserve Bank of Dallas. The
head office of the Federal Reserve Bank of
Dallas is at Dallas, and branches are at El Paso,
Houston, and San Antonio. Unless such a
reference refers specifically to the head office
or the branches, it includes both the head office
and the branches. For example, an instruction
in the bulletins that member banks should con­
tact this bank, when applied to a member bank
in our San Antonio territory, means that the
member bank should contact our San Antonio
branch.
1.05 Other Federal Reserve Banks

ceived by us will be treated as received on our
next banking day.
1.25 District, Eleventh District, etc.

“District” means Federal Reserve District. “This
district” and ‘‘Eleventh District” mean the
Eleventh Federal Reserve District.
1.30 Federal Reserve office and city

‘‘Federal Reserve office” means a Federal
Reserve Bank or branch. “Federal Reserve office
city” means a city in which a Federal Reserve
office is located.
1.35 Member and nonmember banks

“Member bank” means a bank which is a mem­
ber of the Federal Reserve System, and “non­
member bank” means a bank which is not a
member.
1.40 Nonmember clearing bank and nonmember

clearing account

References to other Federal Reserve Banks
include both their head office and branches, if
any, unless there is a specific reference to either
the head office or the branches.

“Nonmember clearing bank” means a nonmember bank that maintains an account with a
Federal Reserve Bank under section 13 of the
Federal Reserve Act. “Nonmember clearing
account” means such an account.

1.10 Authorized officer, person and signature

1.45 Territory

“Authorized officer” means a bank officer whose
signature is currently filed with this bank on
Form AC-150. “Authorized person” means a
bank officer or employee whose signature is
similarly on file. “Authorized signature” means
the signature of an authorized person.

“Territory” means the area served by a particu­
lar office of a Federal Reserve Bank. For
example, our Houston territory is the area
served by our branch at Houston.
1.50 Other definitions and rules of construction

“Banking day” means any day during which a
bank is open to the public for carrying on sub­
stantially all its banking functions, and “nonbanking day” means a Sunday, holiday, or any
other day which is not a banking day.

Other definitions and rules of construction
applicable to particular bulletins are found in
those bulletins. If a definition or rule of con­
struction in this bulletin is stated differently in
another bulletin, either by a specific provision
in that bulletin or by a reference in that bulletin
to another document, the statement in that bul­
letin governs for purposes of that bulletin.

Reference: Supplement A to this bulletin fo r
o u r banking and nonbanking days.

Section 2, REFERENCES

1.15 Banking and nonbanking days

1.20 Closing hour

“Closing hour” means an hour designated by
this bank after which transactions or items re­

The following are examples of the forms of
reference to other materials used throughout
this and other bulletins of this bank. Similar
references should be construed accordingly.

B ULLETIN 1

FED ERA L RESERV E B A N K O F D A L L A S

2.00 Regulations

A reference such as “Regulation A” is to Regu­
lation A of the Board of Governors of the Fed­
eral Reserve System.
2.05 Rules

A reference to “Rules” is to the various Rules,
such as the Rules of Procedure, issued by the
Board of Governors of the Federal Reserve
System.
2.10 Bulletins

A reference to bulletins is to the bulletins of
this bank, and a reference such as “2.05 of
Bulletin 2” is to section 2, paragraph 2.05 of
Bulletin 2 of this bank.
2.15 Treasury Departm ent Circulars

our branches at Houston and San Antonio use
Central Standard Time, and our branch at El
Paso uses Mountain Standard Time. All our
offices use Daylight Saving Time during the
period required by 15 USC 260a (2:00 a.m. on the
last Sunday of April through 2:00 a.m. on the
last Sunday of October). For example, a closing
hour of 2:00 p.m. when applied to our El Paso
Branch is 2:00 p.m. Mountain Standard Time,
but 2:00 Mountain Daylight Time when day­
light time is required.

Section 4, WITHDRAWALS,
ADDITIONS AND AMENDMENTS
4.00 W ithdraw als, additions, amendments

The right is reserved to withdraw, add to, or
amend at any time any of the provisions of any
of our bulletins.

A reference to a “Treasury Department Circu­
lar” is to one of the circulars issued by the
Treasury Department such as Treasury Depart­
ment Circular No. 300. The full text of these
circulars can generally be found in Title 31 of
the Code of Federal Regulations.

4.05 Am ended pages

2.20 O ther authorities

Section 5, CONTRACT

“12 USC 84” means section 84, title 12, United
States Code.
“31 CFR 207.3” means title 31, section 207.3,
Code of Federal Regulations.
“RS 5136” means section 5136 of the Revised
Statutes of the United States.
“Section 13(5] of the Federal Reserve Act”
means paragraph 5 of section 13 of the Federal
Reserve Act.
“PL 91-508” means Public Law 91-508 of the
United States Congress. (The figure 91, in this
case, refers to the ninety-first Congress.]
“VATS 342-102“ means article 342-102 of
Vernon’s Annotated Texas Civil Statutes.

The provisions of our bulletins constitute a
portion of the contract under which the services
and functions of this bank are performed.
Persons requesting us to perform any function
or service covered by one of our bulletins shall
be deemed to consent to the provisions of that
bulletin, this bulletin, and the provisions of any
other documents pertaining to the transaction
or transactions in question, such as forms,
resolutions, applications, and the like.

Section 3, TIME
All times given in our bulletins are local times
at the point in question. Our head office and

Each loose-leaf page of the bulletins contains the
date of issue in the lower left corner of its oddnumbered side. These dates will assist in keep­
ing the bulletins up to date.

Section 6, INCORPORATION BY
REFERENCE
The provisions of this bulletin are incorporated
by reference in other bulletins of this bank.
(Each of the other bulletins in which these
provisions are incorporated makes a correspond­
ing reference back to Bulletin 1.)

BU L L ET IN 1

FED ERA L R ESERV E B A N K OF D A L L A S

Fourth Thursday in November (Thanksgiving
Day)

Supplement A
BANKING AND NONBANKING DAYS

December 25 (Christmas Day)

A -1.00 Nonbanking days

Monday following the occurrence of January 1,

Nonbanking days for all offices of this bank are:

April 21, July 4 or December 25 on Sunday.

Saturday

Any other day which this bank elects to treat
as a nonbanking day. (In such a case, advance
notification will be sent.)

Sunday
January 1 (New Year’s Day)

A -2.00 Banking days

April 21 (San Jacinto Day]

All days not listed as nonbanking days in
A-1.00 of this bulletin are banking days for all
offices of this bank.

July 4 (Independence Day)
First Monday in September (Labor Day)

A -l

2-4-71