Full text of Federal Reserve Bank of New York Circulars : 496. Collection of Checks

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

FEDERAL RESERVE BANK
OF NEW YORK

n

["Circular No. 496, October 18, 1922~1

Department

|_Reference to Circular No. 450, as supplemented. J

Collection of Checks
Drawn on the First National Bank, Hope, N. J.

To all Member Banks and Nonmember Clearing Banks
in the Second Federal Reserve District:

According to a telegram received by us, the First National Bank of Hope,
New Jersey, has suspended business.

We cannot, therefore, accept checks drawn

on that bank for collection as cash items, but shall accept them for collection and
protest only, if so requested.




Very truly yours,
BENJ. STRONG,

Governor