Full text of Federal Reserve Bank of New York Circulars : 147. Schedule Showing When Proceeds of Bankers Acceptances Will Be Available

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CIRCULAR NO

147.

i

FEDERAL RESERVE BANK
O F N E W YORK

February 26, 1919.

SCHEDULE SHOWING W H E N PROCEEDS O F BANKERS ACCEPTANCES W I L L
BE AVAILABLE I F COLLECTED THROUGH T H E F E D E R A L RESERVE BANK O F N E W YORK
On and after March 1, 1919, bankers acceptances will be received by the Federal Reserve Bank of New York for collection from its member banks and from Federal reserve
banks but bankers acceptances payable at New York Clearing House banks will not be
received from Clearing House members.
By arrangements completed with all other Federal reserve banks the proceeds of
bankers acceptances payable in cities where Federal reserve banks or their branches are at
present or may hereafter be established will be available, subject to payment, on day of
maturity.
Proceeds of bankers acceptances payable elsewhere than in Federal reserve or Federal
reserve branch cities will be available, subject to payment, one or more days after maturity,
until further notice, in accordance with the following schedule:
Credit for Items
Credit Available
Payable elsewhere in
at Maturity
District Available
for Items Payable in
District
1 day after maturity
Boston, Mass.
1. Boston
New York, New York
1 day after maturity
2. New York
Buffalo, New York.
Philadelphia, Pa.
1 day after maturity
3. Philadelphia
Cleveland, Ohio,
1 day after maturity
4. Cleveland
Cincinnati, Ohio,
Pittsburgh, Pa.
5. Richmond
Richmond, Va.
2 days after maturity for MaryBaltimore, Md.
land, District of Columbia
and Virginia.
3 days after maturity for West
Virginia, North Carolina
and South Carolina.
1 day after maturity for acceptAtlanta, Ga.
6. Atlanta
ances of member banks
New Orleans, La.
only.
Jacksonville, Fla.
Acceptances of nonmembers
Birmingham, Ala.
when collected.
Chicago, 111.
1 day after maturity
7. Chicago
Detroit, Mich.
St. Louis, Mo.
1 day after maturity
8. St. Louis
Louisville, Ky.
Memphis, Tenn.
Little, Rock, Ark.
Minneapolis, Minn.
1 day after maturity
9. Minneapolis
St. Paul, Minn.
10. Kansas City
Kansas City, Mo.
1 day after maturity
Omaha, Neb.
Denver, Col.
11. Dallas
Dallas, Texas
1 day after maturity
F.l Paso, Texas.
12. San Francisco
San Francisco, Cal.
1 day after maturity
Spokane, Wash.
Portland, Oregon
Seattle, Wash.

Salt Lake City, Utah.