View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.



Ba n k


Dallas, Texas, October 7,1946

To the Member and Nonmember Clearing Banks
of the Eleventh Federal Reserve District:
In our circular dated July 12, 1946, we advised that, according to infor­
mation received by us from the Federal Reserve Bank of St. Louis, certain
banks in St. Louis, Missouri, had announced that they would not be open
for business on Saturdays for the period July 13 to September 28, 1946, in­
clusive, except for limited transactions, principally the honoring of paper
issued by themselves.
In this connection, the Federal Reserve Bank of St. Louis has advised
us that the following banks in St. Louis have now announced that they will
continue this policy on Saturdays after September 28, in conformity with
their previous notice:
Boatmen’s National Bank
First National Bank in St. Louis
Mississippi Valley Trust Company
Plaza Bank of St. Louis
All cash items and most classes of noncash items drawn on or payable at
such banks, received by the Federal Reserve Bank of St. Louis on Saturdays,
will, therefore, not be presented until the following business day. No change
will be made at this time in our present availability schedule regarding cash
items payable at the banks referred to by reason of the Saturday closings.
Due consideration should be given to the Saturday closing referred to
with respect to transfers of funds to and from the above mentioned banks,
and to the possibility that there may be a delay in the return of dishonored
items and advices of the nonpayment of such items as a result of the Sat­
urday closings mentioned herein.
Yours very truly,

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (