Full text of Federal Reserve Bank of New York Circulars : 217. Collection of Checks Drawn on Private Bankers

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• C ircular No. 217
(r»1 2 S '# '

FED ER A L RESERVE BANK
OF N EW YORK
CHECK

DEPARTM ENT

N ovember

i,

1919.

COLLECTION OF CHECKS DRAWN ON PRIVATE BANKERS
To

all

M ember Banks

in the

Second F ederal R eserve D istrict,

D ear S irs :

For two and one-half years the Federal Reserve Bank of New York has been collecting for
its member banks all checks drawn on incorporated banks and trust companies in this Federal
Reserve District, which comprise almost the entire volume of checks originating in the district.

/

In order, however, that the check collection service within the district may be complete, arrange­
ments have been made which wall enable us on and after November 1, 1919, also to receive checks
drawn on all private bankers in this district, in accordance with our time schedule.

These

arrangements will not include the collection of checks drawn on savings banks, which will still be
handled separately as collection items.
The Federal Reserve Board from time to time publishes in its Bulletin a map indicating
the progress that has been made in the extension of the par collection system, the map of October
1, 1919, which we enclose, showing seventeen states on the banks and bankers of which all checks
can be collected at par.

For your information we shall take pleasure in sending you copies of

these maps from time to time as published by the Federal Reserve Board.




Yours very truly,
Benjamin Strong,
Governor.

‘

■N

FEDERAL RESEI
OCTOB

J ill banXs in sta tes shown in white
arc onjiarU st, and figures indicate
tota l number o f barUCs in sta te .
S ta les in which a lt non - memberbanks
arc n ot on p ar lis t , shown thus .* E M U
Ujifter figures indicate tota l number
ofbanlCs on par list,a n d lowerfigures indicate
number ofnon-TnemberbanKsrwton p a r lis t.
139895-19 (To face page 992)



-

PAR POINT MAP,
I,

1919.

During September
following Stales
became JUL-Jar ;
M aruland,
Ohio,
Kansas,

W yoming.