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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