View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F E D E R A L
O F

R E S E R V E
N E W

B A N K

Y O R K
("Circular No. 2 9 0 6 1
L February 20, 1945 J

CASH LETTERS
Changes in Instructions Regarding Protest and
Advice of Nonpayment of Cash Items
To All Banks and Trust Companies in the Second Federal Reserve District
to which Cash Letters of Federal Reserve Bank of New York Are Addressed:
D u r i n g J u l y , 1 9 4 4 , the B a n k M a n a g e m e n t C o m m i s s i o n of the A m e r i c a n B a n k e r s

Association

s u b m i t t e d f o r the c o n s i d e r a t i o n of t h e m e m b e r s o f the A s s o c i a t i o n a p r o p o s a l that g e n e r a l

transit

i n s t r u c t i o n s b e c h a n g e d t o p r o v i d e f o r p r o t e s t i n g items o f $ 1 0 0 . 0 1 o r o v e r ( i n s t e a d o f $ 5 0 . 0 1 o r o v e r )
a n d f o r t e l e g r a p h i n g a d v i c e of n o n p a y m e n t o f i t e m s o f $ 1 , 0 0 0 o r o v e r

(instead of $ 5 0 0 o r

over).

T h e A m e r i c a n B a n k e r s A s s o c i a t i o n h a s n o w i n f o r m e d the F e d e r a l R e s e r v e b a n k s that a l a r g e
m a j o r i t y o f t h e b a n k s o f t h e c o u n t r y a r e in f a v o r o f the c h a n g e , a n d h a s r e q u e s t e d that t h e F e d e r a l
R e s e r v e b a n k s a m e n d , e f f e c t i v e M a r c h 1, 1 9 4 5 , the u n i f o r m i n s t r u c t i o n s r e g a r d i n g p r o t e s t a n d a d v i c e
o f n o n p a y m e n t s u b j e c t t o w h i c h t h e F e d e r a l R e s e r v e b a n k s r e c e i v e , h a n d l e , a n d f o r w a r d c a s h items.
A l l F e d e r a l R e s e r v e b a n k s a r e t a k i n g a c t i o n in c o n f o r m i t y w i t h s u c h r e q u e s t .
U n d e r n o r m a l c i r c u m s t a n c e s w e w o u l d p r e p a r e f o r u s e a f t e r M a r c h 1, n e w c a s h letter f o r m s
w h i c h w o u l d contain the a m e n d e d instructions.

W e h a v e o n h a n d , h o w e v e r , a substantial s u p p l y of

o u r p r e s e n t c a s h letter f o r m s a n d , in k e e p i n g w i t h o u r p r o g r a m o f c o n s e r v a t i o n o f p a p e r a n d supplies,
w e w i s h t o c o n t i n u e t o u s e o u r p r e s e n t f o r m s until the s u p p l y o n h a n d h a s b e e n e x h a u s t e d .
T h i s is t o n o t i f y y o u , t h e r e f o r e , that w h i l e w e will c o n t i n u e t o u s e o u r p r e s e n t s u p p l y o f c a s h
letter f o r m s c o n t a i n i n g

transit i n s t r u c t i o n s w h i c h w e r e in e f f e c t p r i o r t o that date, it is u n d e r s t o o d

t h a t all i t e m s listed o n s u c h cash letter f o r m s a n d f o r w a r d e d t o y o u r b a n k f o r c o l l e c t i o n o n arid a f t e r
M a r c h 1, 1 9 4 5 , w i l l b e p r e s e n t e d f o r p a y m e n t s u b j e c t t o t h e f o l l o w i n g i n s t r u c t i o n s r e g a r d i n g p r o t e s t
and advice of nonpayment:
Wire

direct t o this b a n k on day of presentation

advice

of

nonpayment

of

all

i t e m s o f $ 1 , 0 0 0 o r o v e r , n a m i n g e n d o r s e m e n t i m m e d i a t e l y p r e c e d i n g t h a t of t h i s b a n k
and g i v i n g reason for nonpayment.
D o n o t p r o t e s t i t e m s of $ 1 0 0 o r less.

D o not protest items endorsed b y the T r e a s -

u r e r of t h e U n i t e d S t a t e s , C o l l e c t o r s of I n t e r n a l R e v e n u e o r o f C u s t o m s , o r o t h e r i t e m s
t h a t a r e in p a y m e n t of o b l i g a t i o n s t o t h e U n i t e d S t a t e s .
P r o t e s t d i s h o n o r e d i t e m s of $100.01 o r o v e r e x c e p t t h o s e b e a r i n g o n t h e i r f a c e t h e
A . B . A . n o p r o t e s t s y m b o l of t h e F e d e r a l
endorser.

Reserve

bank or

of

a preceding

bank

D e d u c t all d i s h o n o r e d i t e m s f r o m r e m i t t a n c e a n d r e t u r n t h e m at o n c e .

Similarly, the present supply of remittance f o r m s ( R E M . 4 . 1 2 ) will continue t o be used notw i t h s t a n d i n g that t h e y r e f e r t o transit i n s t r u c t i o n s in e f f e c t p r i o r t o M a r c h 1, 1 9 4 5 .




ALLAN

SPROUL,

President.

TR. >22.4 10 M 8-36

1-120

FEDERAL

RESERVE B A N K

OF N E W Y O R K

1-120

Date
We enclose herewith for Credit the following checks.
D o n o t Protest items $f0.00 or less. Do not Protest items endorsed by the Treasurer of
the United States, Collectors of Internal Revenue and customs, or other items that are in payment of an obligation to the United States.
Protest dishonored items of $j0.0l or over, except those bearing on their face the A. B. A.
no protest symbol of the Federal Reserve Bank or of a preceding bank indorser.
Wire Direct to this bank on day of presentation, advice of non-payment of all items of
$500.00 or over, naming endorsement immediately preceding that of this bank and giving reason
for non-payment.

DRAWN

ON




AMOUNT

DRAWN

ON

AMOUNT

t




TR.

31.8-1

5 M - 9 - 3 8

1-120

FEDERAL

RESERVE

B A N K

O F N E W YORK

1 - 1 2 0

Date
W e enclose herewith f o r Credit cash items as listed below.
Do N o t Protest items $J(hOO or less. D o N o t Protest items endorsed b y the
Treasurer of the United States, Collectors o f Internal Revenue and customs, o r other
items that are in payment of an obligation t o the United States.
Protest dishonored items of $jt)Toi o r over, except those bearing on their f a c e the
A . B. A . no protest symbol o f the Federal Reserve Bank o r o f a preceding bank indorser.
W i r e Direct to this bank on d a y of presentation, advice o f non-payment of all items
of $500.00 or over, naming endorsement immediately preceding that of this bank and
giving reason f o r non-payment.

- ..

—

DRAWN ON




AMOUNT

DRAWN ON

AMOUNT

TR

31.0-1

5 M - 9 - 3 8

:RAL RESERVE E
FEDERAL, RESERVE BANK
OF NEW YORK

C A S H
W A I T J I

I

L E T T E R

L » L X

I

I

L — L \

Date.

D E B I T




COLLECTION
TRANSIT

DEPARTMENT
DIVISION

TR 151.2 3000M-11 -43

C A S H

L E T T E R

F R O M FEDERAL RESERVE BANK OF NEW YORK

DEBIT
DRAWN ON

RECEIVED

S S3 S
0 a) c
)
ffi®
OffiG ^
•S •£ o s
o. o t.' £
a
>
m
c
* 8
» « »K
o « "2
•! E 5

u

S t 1 *
S • |S a
w 8 S
o
>
m O.K
! « eS
•aS o [u
'

2 ® o 3

•Si Bflo
.!2 ® cq
£ 0S
M C? 0
2 o S .2
>
p. -S cd Q

«

S p

.

£ S11
w o
Q -0ffiC
O
.£ £ u
O ffi.
S o

t- rt w w
S
3
0
H£
O o 2 o
O HM _
t, 3 3
O > U B
S 3
t/J 5 °
0

E - O
ffi H
®5
0
& A ® -s
° •>,b>
" " o
-a
-

04

5 s E E
6
1 fflN
3
5 e c 0
Offl£ a
o

C A S H

O g-

8 o 2
• ffiT
O
3
C S
a| S
o g ^
a § 3
c --a
S S 2
£ § £

d o

XI g

! " f
I I I I
2 a ir a
5
= o o
- E -2
s- 1 ~




FROM

L E T T E R

1-120

DATE

DATE

CS IE S A H R I
AH T M S E E
N
LS E A E S N . E IT D R E T N
C OE H R WT . T
L SD E E IH O
T E A O E BN F R
H B V AK O
I MD T RM TNE
M EI E E I A C
A
T
SE I SR CI N B E N T U TO S E
LW
O.

i
» J • o o
2
2 ° a. . w

TR 151.2 3000M-11 -43

F R O M FEDERAL RESERVE BANK OF NEW YORK

1-120

AMOUNT

DRAWN ON

RECEIVED

FROM

AMOUNT

CS IE S A H R I
AH T M S E E
N
LS E A E S N . E IT D R E T N
COE H R WT . T
L SD E E IH O
T E A O E BN FR
H B V AK O
I M D T R MT A C .
M E I E E IT N E
A
SE I SR CI N B .
E N T U TO S E
LW
O.
- O c
,.)
0) Q < O
O0 <
D
• £ a B
5
* 8 " 6

s
s i *
- s, r? , ?
<
o
y
s
V • s
I
o
• m2 5
s
° ^ u ®
am a«
§ < a e
0. ^ S
_ J O(
3
M

c 0ji2
2t c "
• ffiC -8
5
C
.3 -S Q a
-o £
£
S ° ai =
8 c ®
B. £ K 5
Q
c
E "o
mo
u 2
0
mo
0 0 a
1
o OA
fu « n
^ c g
t
o
0 0
2 < ffi
H O
0 u M5
5
ffi
a 0A
•
o
"S O ©
w» o G
D
e I
(
D
O •SB A
g
o 0 OO
q
«
2 s a
m9o o
m•
a o0
.P
E0 § C
SH 3
a o 0
>3
• A a c
g
C >. 0
I
o ja %"o
9
cu T) a
ffi a
a ©
0
0 a 6
T o N
3 O
0
Q Bc a
0
Xc
8 O v
> 1 01
pi c
c -S D
.2 E
0 g §
C ^
QfflM
S)
u

H >2
i
~ o "s
C W 0.
°
•i « Q •
1 8 81
a g
j - , >
•
2 o ^r o
** m. ® 9
*
o o "5 g
- c ^ G
" ®2 ^
2 E| o
>. E Q o- c
m P. - o
.a s Q 6
J
E®

$
h

2M. 4.12 35CM 12-43

O

ACCOUNTING DIVISION
ADJUSTMENT A SBMITTAJ^O
accounts section

F E D E R A L RESERVE B A N K O F N E W

YORK

fROM

DATB.

W e remit herewith for the following cash letters:
DATE OF
CASH LETTER

A M O U N T OF
GASH LETTER

RECAPITULATION

W. Y .
N.

Y.

1ST. Y .
M

Y

M,

T o t a l Amount

o f Returnfceasa?& Fees

Y

Buff.
®TOTAL
~hwe totals thauld agrea.

A j e o a a t ©f Be&ittxflce D r a f t

2®T0TA2i

st neparately hdow each retain ium, showing the saonnt of protest f m directly imdsx the aaaoact of ©ads
aa protesz&dL

TOTAL A M O U N T OF ITEMS
RETURNED HEREWITH A N D FEES

ME OF BANK

USE I B I S FORM WHEN REMITTING FOR CASH LETTERS
Do not include payment for Non-Cash items in this remittance.
Protest dishonored items of #50.01 or over, except those bearing on their face the A. B. A. no protest symbol of
Federal Reserve Bank or of a preceding bank endorser.
Do Not Protest items of $50.00 or less. Do not Protest items endorsed by the Treasurer of the United States, Color of Internal Revenue and Customs, or other items that ate in payment of an obligation to the United States.
Wire Direct to this bank on day of presentation, advice of non-payment of all items of $500.00 or over, naming
orsement immediately preceding that o f this bank and giving reason for non-payment
Correction of errors should be described on back of form. (Give endorsements of checks listed incorrectly.)
Deduct all dishonored items from remittance and return them at once.




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