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Federal r e se r v e Bank
OF DALLAS
W ILLIAM

H. WALLACE

first vice president

Sep te mb er 2 9 , 1989

d a lla s ,te x a s

75222

AND CH IE F O PER ATING O FFICER

C i r c u l a r 89 -5 5

TO:

The C h i e f E x e c u ti v e O f f i c e r o f a l l
f i n a n c i a l i n s t i t u t i o n s in t h e
E le ve nt h F ed e r al R es er v e D i s t r i c t

SUBJECT
R e v is io n s t o Operating B u l l e t i n 1 - General P r o v is io n s
DETAILS
The F ed er a l R es er ve Bank o f D a l l a s has i s s u e d a r e v i s e d
B u l l e t i n 1 t o r e f l e c t chan ges in Supplement A, c u r r e n t b an k i n g and
nonbanking days f o r t h e F ed er al R es erv e Bank o f D a l l a s .
ENCLOSURES
The e n c l o s e d B u l l e t i n 1 s h o u l d be p l a c e d i n Volume one o f y o u r
B u l l e t i n s and R e g u l a t i o n s B in d e r s and t h e o l d B u l l e t i n 1, d a t e d F e b ru a ry
1971, sho uld be removed.
M RE INFORMATION
O
For f u r t h e r i n f o r m a t i o n , p l e a s e c o n t a c t Sharon A. Sweeney a t
(214) 651-6228 .
For a d d i t i o n a l c o p i e s o f t h i s c i r c u l a r , p l e a s e c o n t a c t
t h e P u b l i c A f f a i r s Depar tment a t (214) 6 51-62 89 .
Sincerely yours,

For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are
encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800)
527-9200 (interstate).

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

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

2-71

2.05
2.10
2.15
2.20

Rules
Bulletins
Treasury Department Circulars
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 NONBANKING
DAYS

A-1.00
A-2.00

Nonbanking days
Banking days

BULLETIN 1

FEDERAL RESERVE BANK OF DALLAS

Section 1, DEFINITIONS AND RULES OF
CONSTRUCTION

The following definitions and rules of con­
struction apply throughout this and other bulle­
tins 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 refer­
ence 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 contact 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

References to other Federal Reserve Banks in­
clude both their head office and branches, if any,
unless there is a specific reference to either the
head office or the branches.
1.10 Authorized officer, person and signature

"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.
1.15 Banking and nonbanking days

"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.
Reference: S upplem ent A to this b u lle tin fo r our
b a n k in g and n o n b a n k in g days.

1.25 District, Eleventh District, etc.

"District" means Federal Reserve District. "This
district" and "Eleventh District" mean the Elev­
enth Federal Reserve District.
1.30 Federal Reserve office and city

"Federal Reserve office" means a Federal Re­
serve 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 non­
member clearing account

"Nonmember clearing bank" means a nonmem­
ber bank that maintains an account with a Fed­
eral Reserve Bank under section 13 of the
Federal Reserve Act. "Nonmember clearing ac­
count" means such an account.
1.45 Territory

"Territory" means the area served by a particular
office of a Federal Reserve Bank. For example,
our Houston territory is the area served by our
branch at Houston.
1.50 Other
struction

definitions

and rules

of con­

Other definitions and rules of construction ap­
plicable to particular bulletins are found in those
bulletins. If a definition or rule of construction
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 an­
other document, the statement in that bulletin
governs for purposes of that bulletin.

1.20 Closing hour

Section 2, REFERENCES

"Closing hour" means an hour designated by this
bank after which transactions or items received
by us will be treated as received on our next
banking day.

The following are examples of the forms of ref­
erence to other materials used throughout this
and other bulletins of this bank. Similar refer­
ences should be construed accordingly.

BULLETIN 1

FEDERAL RESERVE BANK OF DALLAS

2.00 Regulations

A reference such as "Regulation A" is to Regu­
lation A of the Board of Governors of the Federal
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 Sys­
tem.

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

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 Department Circulars

A reference to a "Treasury Department Circular"
is to one of the circulars issued by the Treasury
Department such as Treasury Department Cir­
cular No. 300. The full text of these circulars can
generally be found in Title 31 of the Code of
Federal Regulations.

Section 4, WITHDRAWALS, ADDITIONS AND
AMENDMENTS
4.00 Withdrawals, additions, amendments

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

Each looseleaf 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.

2.20 Other authorities

"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.
Section 3, TIME

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

Section 5, CONTRACT

The provisions of our bulletins constitute a por­
tion 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 provision of any other docu­
ments pertaining to the transaction or trans­
actions in question, such as forms, resolutions,
applications, and the like.
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 pro­
visions are incorporated makes a corresponding
reference back to Bulletin 1.)

BULLETIN 1

FEDERAL RESERVE BANK OF DALLAS

Second Monday in October (Columbus Day)

Supplement A

November 11 (Veterans' Day)

BANKING AND NONBANKING DAYS

Fourth Thursday in November (Thanksgiving
Day)

A -1.00 Nonbanking days

Nonbanking days for all offices of this Bank are:

December 25 (Christmas Day)

Saturday

If January 1, July 4, November 11, or December
25 occur on a Sunday, the following Monday will
be observed as a holiday. If January 1, July 4,
November 11, or December 25 occur on a Satur­
day, the preceding Friday will not be observed
as a holiday.

Sunday
January 1 (New Year's Day)
Third Monday in January (Martin Luther King's
Day)
Third Monday in February (Presidents' Day)

A-2.00 Banking Days

Last Monday in May (Memorial 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)

6-89

A-1