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Circular No. 10 FEDERAL RESERVE BANK Series of 1928 August 16, 1928 Effective August 21, 1928 TRANSIT OPERATIONS TIME S C H E D U L E S O F A V A IL A B IL IT Y To the Member Bank Addressed: For your guidance in forwarding items for credit, under the terms of our cur rent circular on Transit Operations, there will be found on the following pages time schedules of availability accorded items received at the Federal Reserve Bank of Dallas and its El Paso, Houston and San Antonio branches. Credit and availability are, in each instance, subject to the receipt of actual payment, as specified in our current circular on Transit Operations, Collection of Cash Items. These schedules supersede all previous schedules and are subject to change without notice. In order to expedite the forwarding of checks and to obtain prompt credit, member banks are requested to sort and list checks in separate letters in accord ance with the divisions of these schedules. A notation should be placed on each letter, plainly indicating when the items included are expected to be available as reserve, such as “ immediate credit,” “ one day,” “ two days,” etc. Business days only are to be counted in determining the availability date; for instance, a letter containing two-day items received by us on Saturday within the hours designated in these schedules would be available the following Tuesday. Should a cash letter contain checks not sorted according to the time taken for collection, as shown by these schedules, credit for the total of the letter may be de ferred, at our discretion, for a period sufficient to collect items of longest availabil ity contained therein. Checks drawn on banks not located in a Federal reserve city, but bearing upon their face a notation that they are payable at or receivable for immediate availa bility in a Federal reserve city, will be accepted on the same basis as checks drawn on banks located in that city. Yours very truly, Governor. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) TIME S C H E D U L E -----H E A D O FF IC E FOR ITEMS DRAWN ON POINTS IN— AVAILABILITY 11TH DISTRICT Immediate Credit 1 Business Day After Receipt O T H E R D IS T R IC T S Dallas Cashier’s Checks and Expense Checks of all Federal Reserve Banks and Branches. fUnited States Treasury Warrants. fMatured Interest Coupons from United States Government Securities. Drafts on Federal Reserve Bank of Dallas and its Branches; subject to inspection and verification of signatures at the Head Office or Branch on which they are drawn. Little Rock Oklahoma City Houston San Antonio New Boston Round Rock Trenton Lometa Troup Rowlett Longview Nocona Royse City Troy Oklaunion Loraine Tyler Sadler Eastland Hamilton Overton Lorena Valley Mills Hamlin 'Ector Palmer St. Jo Mabank Valley View Edgewood Handley Saltillo Paradise Malakoff Van Alstyne Sanger Perry Harrold Electra Mansfield Santa Anna Venus Emory Pickton Haskell Marlin Vernon Pilot Point Santo Ennis Haslet Marshall Waco Pittsburg Savoy Hawkins Estelline McGregor Waxahachie Seagoville Plano Eustace Hedley McKinney Weatherford Seymour Point Farmersville Henrietta Melissa West Sherman Post Fate Hillsboro Memphis Whitesboro Pottsboro Slaton Ferris Holland Menard Proctor Smithfield Whitewright Forney Honey Grove Meridian Whitney Purdon Snyder Howe Forreston Merit Wichita Stamford Putnam Ft. Worth Howland Merkel Falls Stephenville Quanah Hubbard Frisco Mertens Wills Point Strawn Quinlan Hutto Frost Mesquite Wilmer Ranger Gainesville Iowa Park Mexia Sulphur Windom Reagan Irving Garland Midlothian Springs Red Oak Italy Gary Milford Sweetwater Winfield Wolfe City Redwater Mineola Georgetown Itasca Tatum Wortham Rice Gilmer Jefferson Mingus Wylie Richardson Taylor Moody Gladewater Josephine Teague Riesel (Louisiana) Moran Goldthwaite Joshua Temple Shreveport Ringgold Mt. Calm Justin Gordon Terrell (Oklahoma) Kaufman Mt. Pleasant Rio Vista Granbury Texarkana Atoka Keller Mt. Vernon Rochelle Grand Thorndale Durant Kemp Rockdale Mullin Prairie Thornton Madill Kerens Rockwall Munday Tioga Grand Mill Creek Rogers Kilgore Naples Tolar Saline Killeen Roscoe Nevada Trent Rosebud Newark Grandview Kirkland Kopperl Granger New Orleans Denver Atlanta Kosse Grapevine Louisville Kansas City Birmingham Greenville Lampasas Omaha Memphis Chicago Groesbeck Lancaster St. Louis Minneapolis Cincinnati Gunter Leonard Nashville Cleveland Hallsville Lewisville El Paso Dallas Territory, the following places: Business Days After Receipt Business Days After Receipt (Texas) Brownwood Abilene Burkburnett Albany Caddo Mills Cameron Allen Alvarado Carlton Alvord Carrollton Carthage Anna Cedar Hill Anson Celeste Aquilla Celina Arlington Arp Chico Childress Athens Chillicothe Atlanta Aubrey Cisco Clarendon Baird Cleburne Barry Clifton Bartlett Clyde Beckville Collinsville Bellevue Colorado Bells Comanche Belton Big Sandy Commerce Big Spring Copperas Cove Blanket Bloomburg Corsicana Crandall Blooming Crawford Grove Crowley Blum Cumby Bonham Dawson Bowie Decatur Brady Brandon DeKalb Brashear Denison BreckenridgeDenton Bremond Dodd City Bridgeport Dorchester Bronte Dublin Dallas Territory, except points noted in 2-day division. Points of 2-day availability, Houston Territory, according to schedule of Houston Branch. Points of 2-day availability, San Antonio Territory, according to schedule of San Antonio Branch. Baltimore Brooklyn Buffalo Charlotte Detroit Jacksonville _ New York City Philadelphia Pittsburgh Richmond St. Paul Oklahoma 10th Dist. Boston Illinois Michigan Helena Indiana Minnesota Los Angeles Iowa Missouri Salt Lake Kansas Nebraska San Francisco Louisiana Ohio Arkansas 6th Dist. Wisconsin Georgia Business Days After Receipt See following page for references: Portland Seattle Spokane Alabama Colorado Delaware Dist. of Columbia Kentucky Maryland Mississippi New Jersey New Mexico 10th Dist. New York North Carolina Pennsylvania South Carolina Tennessee Virginia Wyoming TIME S C H E D U L E — H E A D O FF IC E AVAILABILITY FOR ITEMS DRAWN ON POINTS IN— 11TH DISTRICT 6 Business Days After Receipt 7 Business Days After Receipt 8 Business Days After Receipt O T H E R D IST RIC T S Connecticut Florida Maine Massachusetts Montana New Hampshire North Dakota Rhode Island South Dakota Vermont West Virginia California Idaho Nevada Utah Arizona 12th Dist. Oregon Washington REFERENCES f__United States Treasury Warrants should be listed in a separate cash letter from other items of immediate availability. t—Matured Interest Coupons from United States Government Securities should be listed on Form F. A. 211, addressed to Federal Reserve Bank—Fiscal Agency Department, Station K, Dallas, Texas, and forwarded by registered insured mail. CLOSING HOURS Immediate credit entries and deferred availability calculations will be made the day items are received, provided they reach us prior to the closing hours designated in the following table for the various classes of items described therein. In case items are received too late to be handled on date of receipt, those immediately available will be credited on, and all others will be deferred from, the following business day. Central Time. 10:00 A. M. (Daily)...........Checks and Drafts drawn on banks in City of Dallas. 12:00 M_______________ (Saturday 11:00 a. m.) 3:00 P. M.......................... (Saturday 1:00 p. m.) Miscellaneous checks and drafts of one or more days deferred availability according to this schedule. (Except that items of $1,000.00 or more will be received up to 12:00 noon on Saturday and 2:30 p. m. on other days when listed in special letters containing only such items.) Drafts on Federal Reserve Bank of Dallas—Head Office and Branches. United States Treasury Warrants. Matured Interest coupons from United States Government Securities. TIME SCHEDULE*— EL P A S O B R A N C H FOR ITEMS DRAWN ON POINTS IN— AVAILABILITY 11TH DISTRICT Immediate Credit o it Business Days After Receipt Business Days After Receipt o t h e r d is t r ic t s El Paso Cashier’s Checks and Expense Checks of all Federal Reserve Banks and Branches. fUnited States Treasury Warrants. JMatured Interest Coupons from United States Government Securities. Drafts on Federal Reserve Bank of Dallas and its Branches; subject to inspection and verification of signatures at the Head Office or Branch on which they are drawn. Dallas Houston San Antonio El Paso Territory, the following places: (Texas) Sierra Blanca Anthony Carrizozo Stanton Barstow Deming Tovah Clint Fabens Van Horn Hatch (New Hot Springs Midland Mexico) Las Cruces Odessa Logan Pecos Alamogordo Lordsburg Nara Visa Roswell San Marcial Santa Rosa Tucumcari Tularosa El Paso Territory, except points noted in 2-day Division. Business Days After Receipt Business Days After Receipt Eleventh District unassorted items. Business Days After Receipt Business Days After Receipt Business Days After Receipt See following page for references Arizona 12th Dist. Arkansas California Connecticut Delaware Spokane Alabama Colorado Georgia Dist. of Columbia Florida Maine Maryland Massachusetts Minnesota Illinois Indiana Iowa Kentucky Oregon Atlanta Birmingham Chicago Cincinnati Cleveland Detroit Jacksonville Louisville Minneapolis Nashville Omaha Pittsburgh San Francisco St. Paul Baltimore Boston Brooklyn Buffalo Charlotte Helena New York City Philadelphia Portland Richmond Salt Lake City Seattle Kansas Oklahoma 10th Dist. Louisiana 6th Dist. Michigan Mississippi New York Montana North Carolina Nebraska New Hampshire North Dakota Pennsylvania New Jersey Rhode Island New Mexico South Carolina 10th Dist. Nevada Idaho (Arizona) Benson Bowie Douglas Nogales Tucson Wilcox Utah Washington Denver Kansas City Little Rock Los Angeles Memphis New Orleans Oklahoma City St. Louis Missouri Ohio Wisconsin South Dakota Tennessee Vermont Virginia West Virginia Wyoming REFERENCES t— United States Treasury Warrants should be listed in a separate cash letter from other items of immediate availability. {— Matured Interest Coupons from United States Government Securities should he listed on Form F. A. 211, and forwarded by registered insured mail. CLOSING HOURS Immediate credit entries and deferred availability calculations will be made the day items are received, provided they reach us prior to the closing hours designated in the following table for the various classes of items described therein. In case items are received too late to be handled on date of receipt, those immediately available will, be credited on, and aH others will be deferred from, the following business day. Mountain Time__________ 10:30 A. M. (Daily)-------- Checks and Drafts drawn on banks in City of El Paso. 12:00 M------------------ -------Miscellaneous checks and drafts of one or more days deferred availability according to this schedule. (Saturday 11:00 a. m.) . , (Except that items of $1,000.00 or more will be received up to 12:00 noon on Saturday and 1:30 p. m. on other days when listed in special letters containing only such items.) 2:00 P. M........................ (Saturday 12:00 m.) Drafts on Federal Reserve Bank of Dallas— Head Office and Branches. United States Treasury Warrants. Matured Interest coupons from United States Government Securities. TIME S C H E D U L E — H O U S T O N B R A N C H FOR ITEMS DRAWN ON POINTS IN— AVAILABILITY 11TH DISTRICT Immediate Credit 1 Business Day After Receipt 2 Business Days After Receipt OTHER DISTRICTS Houston Cashier’s Checks and Expense Checks of all Federal Reserve Banks and Branches. fUnited States Treasury Warrants. fMatured Interest Coupons from United States Government Securities. Drafts on Federal Reserve Bank of Dallas and its Branches; subject to inspection and verification of signatures at the Head Office or Branch on which they are drawn. Dallas San Antonio New Orleans El Paso Houston Territory, the following places: Columbus (Texas) Giddings Conroe Alvin Hitchcock Crockett Bay City Hull Dayton Beaumont Humble Dickinson Bellville Eagle Lake Huntsville Blessing Joaquin East Bernard Bloomington La Grange Edna Brenham La Porte El Campo Brookshire Leggett Elgin Bryan Liberty Caldwell Fayetteville Livingston Flatonia Chappel Hill Lufkin Galveston Cleveland Mauriceville Nacogdoches Navasota New Ulm Orange Palacios Palestine Pasadena Port Arthur Richmond Round Top Rusk Schulenberg Houston Territory, except points noted in 2-day Division. 3 Business Days After Receipt 4 Business Days After Receipt Points of 2-day availability, Dallas Territory, according to sched ule of Head Office. Points of 2-day availability, San Antonio Territory, according to schedule of San Antonio Branch. Eleventh District unassorted items. 5 Business Days After Receipt 6 Business Days After Receipt 7 Business Days After Receipt 8 Business Days After Receipt See following page for references. Sealy Shepherd Shiro Silsbee Sour Lake Spring Sugarland Atlanta Birmingham Chicago Kansas City Little Rock Teneha Texas City Timpson Trinity Victoria Weimar Winnie Louisville Memphis Nashville Oklahoma City St. Louis Baltimore Brooklyn Buffalo Charlotte _ Cincinnati Cleveland Denver Detroit Jacksonville Los Angeles Minneapolis New York City Omaha Philadelphia Pittsburgh Richmond St. Paul Louisiana 6th Dist. Boston Salt Lake City San Francisco Georgia Illinois Indiana Iowa Kansas Michigan Mississippi Missouri Oklahoma 10th Dist. Wisconsin New York North Carolina Ohio Pennsylvania South Carolina Tennessee Virginia Helena Portland Spokane Alabama Arkansas Maryland Delaware Minnesota Dist. of Columbia Nebraska Kentucky New Jersey Seattle California Colorado Connecticut Florida Maine Massachusetts Rhode Island New Hampshire Vermont West Virginia Wyoming Arizona 12th Dist. Idaho Montana Nevada New Mexico 10th Dist. Utah Oregon Washington North Dakota South Dakota REFERENCES t—United States Treasury Warrants should be listed in a separate cash letter from other items of immediate availability, t—Matured Interest Coupons from United States Government Securities should be listed on Form F. A. 211, and forwarded by registered insured mail. CLOSING HOURS Immediate credit entries and deferred availability calculations will be made the day items are received, provided they reach us prior to the closing hours designated in the following table for the various classes of items described therein. In case items are received too late to be handled on date of receipt, those immediately available will be credited on, and all others will be deferred from, the following business day. Central Time____________ 10:00 A. M. (Daily)........... Checks and Drafts drawn on banks in City of Houston. 12:00 M.________________'Miscellaneous checks and drafts of one or more days deferred availability according to this schedule. (Saturday 11:00 a. m.) (Except that items of $1,000.00 or more will be received up to 12:00 noon on Saturday and 2:30 p. m. on other days when listed in special letters containing only such items.) 3:00 P. M.............................f Drafts on Federal Reserve Bank of Dallas—Head Office and Branches. (Saturday 1:00 p. m.) < United States Treasury Warrants. { Matured Interest coupons from United States Government Securities. TIME S C H E D U L E -----S A N A N T O N IO B R A N C H FOR ITEMS DRAWN ON POINTS IN- AVAILABILITY 11TH DISTRICT Immediate Credit 2 Business Days After Receipt OTHER DISTRICTS San Antonio Cashier’s Checks and Expense Checks of all Federal Reserve Banks and Branches. fUnited States Treasury Warrants. tMatured Interest Coupons from United States Government Securities. Drafts on Federal Reserve Bank of Dallas and its Branches; subject to inspection and verification of signatures at the Head Office or Branch on which they are drawn. El Paso San Antonio Territory, the following places: Alamo Edcouch Kingsbury Alice Edinburg Kingsville Austin Falfurrias Kyle Beeville Falls City La Coste Bishop Floresville La Feria Brownsville Fredericksburg La Prvor Corpus Christi George West Laredo Cotulla Goliad Lockhart Cuero Gonzales Luling Del Rio Gregory Lyford Devine Harlingen Marion Dilley Hondo Martindale Donna Karnes City Mathis Eagle Pass Kenedy Maxwell McAllen Mercedes Mission Moore New Braunfels Nordheim Odem Orange Grove Pearsall Pflugerville Pharr Premont Raymondville Rio Hondo Robstown Runge San Antonio Territory except points noted in 2-day Division. Business Days After Receipt Points of 2-day availability, Dallas Territory, according to schedule of Head Office. Points of 2-day availability, Houston Territory, according to sched ule of Houston Branch. Eleventh District unassorted items. Business Days After Receipt Business Days After Receipt Business Days After Receipt Business Days After Receipt See following page for references, Sabinal San Benito San Juan San Marcos Seguin Sinton Skidmore So. San Antonio Taft Three Rivers Tynan Uvalde Waelder Weslaco Yoakum Yorktown Birmingham Chicago Kansas City Little Rock Louisville Memphis Nashville New Orleans Oklahoma City St. Louis Atlanta Baltimore Brooklyn Buffalo Charlotte Cincinnati Cleveland Denver Detroit Jacksonville Los Angeles Minneapolis New York City Omaha Philadelphia Pittsburgh Richmond St. Paul Boston Helena Portland Salt Lake City San Francisco Illinois Indiana Iowa Kansas Louisiana 6th Dist. Michigan Mississippi Missouri Oklahoma 10th Dist. Wisconsin Seattle Nebraska Spokane New Jersey Alabama New York Arkansas North Carolina Ohio Delaware Dist. of Columbia Pennsylvania Georgia South Carolina Kentucky Tennessee Maryland Virginia Minnesota California Colorado Connecticut Florida Maine Massachusetts New Hampshire Rhode Island Vermont West Virginia Wyoming Arizona 12th Dist. Idaho Montana Nevada New Mexico 10th Dist. North Dakota Oregon South Dakota Utah Washington REFERENCES t— United States Treasury Warrants should be listed in a separate cash letter from other items of immediate availabilit> ±— Matured Interest Coupons from United States Government Securities should be listed on Form F. A. 211, and forwarded by registered insured mail. CLOSING HOURS Immediate credit entries and deferred availability calculations will be made the day items are received, provided they reach us prior to the closing hours designated in the following table for the various classes of items described therein. In case items are received too late to be handled on date of receipt, those immediately available will be credited on, and all others will be deferred from, the following business day. Central Time____________ 10:30 A. M......................... Checks and Drafts drawn on banks in City of San Antonio. 12:00 M.________________ Miscellaneous checks and drafts of one or more days deferred availability according to this schedule. (Saturday 11:00 a. m.) (Except that items of $1,000.00 or more will be received up to 12:00 noon on Saturday and 2:30 p. m. on other days when listed in special letters containing only such items.) { Drafts on Federal Reserve Bank of Dallas— Head Office and Branches. United States Treasury Warrants. Matured Interest coupons from United States Government Securities.