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Federal Reserve bank of Dallas D A L L A S 13, T E X A S May 22,1947 To the Member and Nonmember Clearing Banks in the Eleventh Federal Reserve District: We are informed by the Federal Reserve Bank of San Fran cisco that under the provisions of law recently enacted by the Legislature of the State of Washington, all banks in Seattle and in certain other cities will remain closed on Saturdays during the period beginning June 16, 1947, and extending through Sep tember 1, 1947. Therefore, during the period indicated, the Seattle Branch of the Federal Reserve Bank of San Francisco will remain closed on Saturdays. Due consideration should be given to the Saturday closing referred to with respect to transfers of funds to and from banks in the territory served by the Seattle Branch of the Federal Re serve Bank of San Francisco. Attention is also called to the possibility that there may be a delay in the return of dishonored cash items and in advice of the nonpayment of such items as a result of the Saturday closing mentioned herein. 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)
@FedFRASER