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FEDERAL R ESERVE B A N K OF D A LL A S
D A L L A S 13, T E X A S

June 14, 1949

To the Member and Nonmember Clearing Banks
of the Eleventh Federal Reserve District:
We are informed by the Federal Reserve Bank of San Fran­
cisco that under the provisions of a statute recently enacted
by the Utah State Legislature, a majority of the banks in
Salt Lake City and some banks in other parts of the State
of Utah will remain closed on Saturdays during the months
of June, July, August, and September, 1949.
We are further informed that the Salt Lake City Branch
of the Federal Reserve Bank of San Francisco, however, will
conduct essential banking functions on such Saturdays, includ­
ing the acceptance of telegraphic transfers, but, as there will
be no clearing exchange on Saturdays, checks drawn on com­
mercial banks in Salt Lake City will not be presented on
Saturday.
Attention is called to the possibility of there being a delay
in the return of dishonored cash items and in the receipt of
advice of the nonpayment of such items.
Yours very truly,
R. R. GILBERT
President

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


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