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FEDERAL RESER VE BANK O F NEW YORK Circular N o. 3 1 1 3 ~1 July 30, 1946 J FURTHER INFORMATION IN CONNECTION W ITH SATURDAY AND OTHER CLOSINGS OF CERTAIN BANKS To A ll Banking Institutions in the Second Federal R eserve D istrict, and Others Concerned: In our Circulars No. 3082, No. 3090, and No. 3095, dated April 26, May 24, and May 31, 1946, respectively, we informed you of Saturday closings during the summer months of banks located in New York, New Jersey, Massachusetts, and Connecticut. W e have recently been advised regarding additional closings as follow s: Delaware— W hile banks in the State of Delaware, except those in Sussex County, are permitted to close on every Saturday during the year, only the banks in the W ilm ington area have so far indicated that they will remain closed on every Saturday during the year. Rhode Island— A ll banks will remain closed on Saturdays fo r the period beginning June 22, 1946 through Saturday, September 28, 1946. District of Columbia — Beginning Saturday, J u ly 20, 1946, all banks will remain closed on every Saturday during the year. Atlanta , Georgia — The follow ing banks will close each W ednesday at 12:30 p. m. during July and August, 1946: Federal Reserve Bank of Atlanta The First National Bank of Atlanta Citizens and Southern National Bank Fulton National Bank Trust Company o f Georgia. St. Louis, Missouri— The follow ing banks will not be open fo r business on Saturday fo r the period July 13 to September 28, 1946, inclusive, except fo r limited transactions, principally the payment of paper issued by themselves: Mercantile-Commerce Bank and Trust Company The B oatm en’s National Bank o f St. Louis First National Bank in St. Louis Industrial Bank o f St. Louis Mississippi V alley Trust Company Mutual Bank and Trust Company The Plaza Bank of St. Louis The Security National Bank Savings and Trust Company United Bank and Trust Company. A ll cash items drawn on or payable at such banks, received by the Federal Reserve Bank o f St. Louis on these Saturdays will not be presented until the next business day. Noncash items drawn on or payable at such banks, received by the Federal Reserve Bank o f St. Louis on these Saturdays, will also not be presented until the follow ing business day, except with respect to items which are included within the types the banks are prepared to pay and which the Federal Reserve Bank o f St. Louis is specifically instructed to present. In view of the closing of banks as above indicated there may be a delay in the return of dis honored cash items and in our advice to you of the nonpayment of such items. A llan S proul, President.
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