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FEDERAL RESERVE BANK

Circular No. 4
Series o f 1924

OF

DALLAS

Effective July 1 5, 1 9 2 4

Dallas, Texas, July 1,1924.

TE LEG RA PH IC T R A N S F E R S O F FU NDS

To the Member Bank Addressed:

This circular supersedes the provisions of all previous circulars governing telegraphic
transfers of funds and its provisions are subject to change without notice by the Federal
Reserve Bank of Dallas.
Unless otherwise stated, the term “ Federal Reserve Bank of Dallas’ ’ includes the
El Paso and Houston Branches.
REQUESTS FOR TRANSFERS

Any member bank may request the Federal Reserve Bank of Dallas to transfer
collected funds by wire to the credit of any other member bank of the Federal reserve
system.
Requests for transfers must be in writing over the signature of a duly authorized
officer or by telegram in the American Bankers Association code with proper test word,
which telegram may be sent collect. Telegraphic requests must be confirmed immediately
by letter officially signed.
TRA NSFERS TO OTHER DISTRICTS

In order to insure the completion of a telegraphic transfer on the same day sufficient
time must be allowed to transmit a message to the Federal reserve bank to which the funds
are to be transferred before its closing hour.
The Federal Reserve Bank of Dallas cannot
undertake to accept requests for transfers to other Federal reserve districts for
consummation on the day of receipt any later than the time indicated on the schedule
accompanying this circular.
TRANSFERS FROM OTHER DISTRICTS

Member banks in the Eleventh Federal Reserve District may request their
correspondent banks which are members of the Federal reserve system to deposit funds

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

with the Federal reserve bank or branch of their district for wire transfer to the member
bank’s credit with the Federal Reserve Bank of Dallas. Funds so transferred will become
immediately available for credit upon the day of deposit provided the funds are deposited
in accordance with the regulations of the receiving Federal reserve banks.
LEASED W IRE SYSTEM

Telegraphic transfers of funds will be made for and paid to member banks only.
Transfers of bank balances in round amounts, that is, multiples of $100, will be made
over the Federal reserve leased wires. Such transfers will be made without cost to member
banks. The term “ bank balance” shall be construed to mean an accumulation of funds
comprising an established account maintained by a member bank with its Federal reserve
bank or with another member bank.
Transfers of proceeds of individual collection items will not be made over the leased
wires.
The descriptive data in telegrams transferring bank balances must be limited to the
amount to be transferred, name of the member bank to receive credit and, when necessary,
name of its correspondent member bank and name of member bank with which request
originates.
The Federal reserve banks maintain, at large expense, a leased Avire system over
which a heavy volume of important communications passes between Federal reserve
banks and branches.

Member banks are requested to co-operate Avith us in attempting to

avoid over-croAvding the leased Avires by not making requests for telegraphic transfers
of small amounts, or those Avhich can be made as Avell through the mails.
TRANSFERS OF FUNDS OVER TH E C O M M ER CIAL W IRES

The foregoing regulations relate to the transferring of bank balances ovur the Federal
reserve leased Avires. Federal reserve banks will also make transfers of funds for any
purpose and any amount over the commercial telegraph Avires. Such transfers will be
accepted from and paid to member banks only, but may be for the use of any bank,
individual, firm, or corporation.
The cost of all telegrams betAveen Federal reserve banks transferring funds ov^er the
commercial telegraph Avires Avill be charged to the member banks for Avhich the transfers
are made.

Member banks should prepay the cost of telegrams requesting such transfers,

and telegrams to member banks advising credit Avill be sent “ collect” .

The Federal Reserve Bank of Dallas will use due diligence and care in the transfer of
funds by telegraph to the receiving Federal reserAm bank for credit to the account of the
payee bank, but Avill not be responsible for errors or delays caused by circumstances beyond
its control.

Refers to Circular No. 4
(E ffective J u ly 1 5 , 1 9 2 4 )

FEDER AL RESERVE BANK
OF DALLAS

July 1, 1924.
C LOSIN G H O U R S FOR TE LEG RA PH IC T R A N S F E R S

Closing Hours At
For Transfers To

Head Office
Or
Houston Branch
Daily Except
Saturday

El Paso Branch

Saturday

Daily Except
Saturday

P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.

11:30
10:30
11:30
10:30
10:30
11:30
11:30
10:30
1:00
12:30
10:30
1:00
12:30
1:00
10:30
11:30
12:30
1:00
12:30
11:30
11:30
11:30
11:30
10:30
11:30
11:30
10:30
10:30
1:00
11:30
12:30
12:30
1:00
1:00
1:00

At

Mountain Time

Central Time
1:30
12:30
1:30
* 1:30
* 1:30
* 1:30
* 2:00
1:30
3:00
3:00
1:30
3:00
3:00
3:00
12:30
2:30
1:30
3:00
1:30
1:30
2:30
1:30
2:30
* 1:30
2:30
2:30
* 1:30
* 1:30
3:00
1:30
3:00
* 3:00
3:00
3:00
3:00

Saturday

Federal Reserve Banks or Branches

A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
P.M.
P.M.
A.M.
P.M.
P.M.
P.M.
A.M.
A.M.
P.M.
P.M.
P.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
P.M.
A.M.
P.M.
P.M.
P.M.
P.M.
P.M.

12:30
11:30
12:30
12:30
12:30
12:30
1:00
12:30
2:00
2:00
12:30
2:00
2:00
2:00
11:30
1:30
12:30
2:00
12:30
12:30
1:30
12:30
1:30
12:30
1:30
1:30
12:30
12:30
2:00
12:30
1:30
2:00
2:00
2:00
2:00

P.M.
A.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
A.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.

10:30 A.M.
9:30 A.M.
10:30 A.M.
9:30 A.M.
9:30 A.M.
10:30 A.M.
10:30 A.M.
9:30 A.M.
12:00 M.
11:00 A.M.
9:30 A.M.
12:00 M.
11:30* A.M.
12:00 M.
9 :30 A.M.
10:30 A.M.
11:30 A.M.
12:00 M.
11:30 A.M.
10:30 A.M.
10:30 A.M.
10:30 A.M.
10:30 A.M.
9:30 A.M.
10:30 A.M.
10:30 A.M.
9:30 A.M.
9:30 A.M.
12:00 M.
10:30 A.M.
11:30 A.M.
11:30 A.M.
12:00 M.
12:00 M.
12:00 M.

Atlanta
Baltimore (Branch of Richmond)
Birmingham (Branch of Atlanta)
Boston
Buffalo (Branch of New York)
Chicago
Cincinnati (Branch of Cleveland)
Cleveland
Dallas
Denver (Branch of Kansas City) •
Detroit (Branch of Chicago)
El Paso (Branch of Dallas)
Helena (Branch of Minneapolis)
Houston (Branch of Dallas)
Jacksonville (Branch of Atlanta)
Kansas City
Little Rock (Branch of St. Louis)
Los Angeles (Branch of San Francisco)
Louisville (Branch of St. Louis)
Memphis (Branch of St. Louis)
Minneapolis
Nashville (Branch of Atlanta)
New Orleans (Branch of Atlanta)
New York
Oklahoma City (Branch of Kansas City)
Omaha (Branch of Kansas City)
Philadelphia
Pittsburg (Branch of Cleveland)
Portland (Branch of San Francisco)
Richmond
St. Louis
Salt Lake City (Branch of San Francisco)
San Francisco
Seattle (Branch of San Francisco)
Snnkane (Branch of San Francisco)

NOTE: If any of the above bank or branch cities adopt “ daylight saving” time during any period of the year,
the time shown in the above schedule for such bank or banks will be automatically advanced one hour earlier dur­
ing that period.
*Observing “ daylight saving” April 27 to September 28.

T R A N S F E R S W IT H IN T H E D I S T R I C T

Any member bank may request the Federal Reserve Bank of Dallas to debit its account
and credit to the account of any other member bank in the Eleventh Federal Reserve
District any collected funds on deposit to the credit of the requesting bank. The cost of
telegrams requesting such transfers and of advising credit will be absorbed by the Federal
Reserve Bank of Dallas.
Funds for the use of non-member banks or for individuals, firms, or corporations
will be accepted by the Federal Reserve Bank of Dallas from any member bank
for telegraphic transfer to any other member bank in the Eleventh Federal Reserve
District. Such transactions, however, will be handled over the commercial wires at the
expense of the member bank requesting transfer, including messages requesting transfer
and advising credit.
The Federal Reserve Bank of Dallas will be responsible only for due diligence in the
transmission of funds and will not be liable for delays caused by interruption of telegraph
service and other causes beyond its control.
ACCEPTANCE OF C O N D ITIO N S

Any member bank using the wire transfer service offered by the Federal Reserve
Bank of Dallas will be understood to have agreed to the terms and conditions set forth
in this circular.
Yours very truly,

Governor.

Refers to Circular No. 4
(E ffective J u ly 1 5 , 1 9 2 4 )

FEDER AL RESERVE BANK
OF DALLAS

July 1, 1924.
C LOSIN G H O U R S FOR TE LEG RA PH IC T R A N S F E R S

Closing Hours At
For Transfers To

Head Office
Or
Houston Branch
Daily Except
Saturday

El Paso Branch

Saturday

Daily Except
Saturday

P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.

11:30
10:30
11:30
10:30
10:30
11:30
11:30
10:30
1:00
12:30
10:30
1:00
12:30
1:00
10:30
11:30
12:30
1:00
12:30
11:30
11:30
11:30
11:30
10:30
11:30
11:30
10:30
10:30
1:00
11:30
12:30
12:30
1:00
1:00
1:00

Saturday

At

Mountain Time

Central Time
1:30
12:30
1:30
♦ 1:30
* 1:30
* 1:30
♦ 2:00
1:30
3:00
3:00
1:30
3:00
3:00
3:00
12:30
2:30
1:30
3:00
1:30
1:30
2:30
1:30
2:30
♦ 1:30
2:30
2:30
* 1:30
* 1:30
3:00
1:30
3:00
* 3:00
3:00
3:00
3:00

Federal Reserve Banks or Branches

A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
P.M.
P.M.
A.M.
P.M.
P.M.
P.M.
A.M.
A.M.
P.M.
P.M.
P.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
P.M.
A.M.
P.M.
P.M.
P.M.
P.M.
P.M.

12:30
11:30
12:30
12:30
12:30
12:30
1:00
12:30
2:00
2:00
12:30
2:00
2:00
2:00
11:30
1:30
12:30
2:00
12:30
12:30
1:30
12:30
1:30
12:30
1:30
1:30
12:30
12:30
2:00
12:30
1:30
2:00
2:00
2:00
2:00

P.M.
A.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
A.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.
P.M.

10:30
9:30
10:30
9:30
9:30
10:30
10:30
9:30
12:00
11:00
9:30
12:00
11:30
12:00
9:30
10:30
11:30
12:00
11:30
10:30
10:30
10:30
10:30
9:30
10:30
10:30
9:30
9:30
12:00
10:30
11:30
11:30
12 :00
12:00
12:00

A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
M.
A.M.
A.M.
M.
A.M.
M.
A.M.
A.M.
A.M.
M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
A.M.
M.
A.M.
A.M.
A.M.
M.
M.
M.

Atlanta
Baltimore (Branch of Richmond)
Birmingham (Branch of Atlanta)
Boston
Buffalo (Branch of New York)
Chicago
Cincinnati (Branch of Cleveland)
Cleveland
Dallas
Denver (Branch of Kansas City)
Detroit (Branch of Chicago)
El Paso (Branch of Dallas)
Helena (Branch of Minneapolis)
Houston (Branch of Dallas)
Jacksonville (Branch of Atlanta)
Kansas City
Little Rock (Branch of St. Louis)
Los Angeles (Branch of San Francisco)
Louisville (Branch of St. Louis)
Memphis (Branch of St. Louis)
Minneapolis
Nashville (Branch of Atlanta)
New Orleans (Branch of Atlanta)
New York
Oklahoma City (Branch of Kansas City)
Omaha (Branch of Kansas City)
Philadelphia
Pittsburg (Branch of Cleveland)
Portland (Branch of San Francisco)
Richmond
St. Louis
Salt Lake City (Branch of San Francisco)
San Francisco
Seattle (Branch of San Francisco)
Srmkane (Branch of San Francisco)

NOTE: If any of the above bank or branch cities adopt “ daylight saving” time during any period of the year,
*tie time shown in the above schedule for such bank or banks will be automatically advanced one hour earlier durfug that period.
♦Observing “ daylight saving” April 27 to September 28.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102