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FEDERAL RESERVE BANK OF CHICAGO
79

WEST

MONROE

STREET

September 25, 1916.

TO THE MEMBERS OF THE CHICAGO CLEARING HOUSE ASSOCIATION
AND AFFILIATED BANKS:
The Federal Reserve Bank of Chicago has placed in
the two day division of its time schedule checks on all
members of the Federal Reserve System in Baltimore, Md.
This includes at the present time only National Banks
in the city of Baltimore.
We understand that under the rules and
governing collection charges adapted August 2,
announcement will automatically make the above
checks subject to a charge of 3i per item plus
$1000., instead of the former charge of 3d per
50i per $1000., on all items over $50.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

regulations
1916, this
mentioned
25i per
item plus

Respectfully,

JAMES B. McDOUGAL
Governor.