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FEDERAL RESERVE BANK
O F NEW YORK
f Circular N o. 4 9 9
U February 6, 1961

Appointment o f Buffalo Branch Director

To Member Banks of the Second Federal Reserve District:
The board o f directors o f this Bank has appointed
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herm an

A

n so n

F.

a director o f the Buffalo Branch of this Bank for the

nnexpired portion of the term ending December 31,1961. Mr. Sherman,
who is President o f The Citizens Central Bank, Arcade, N. Y., succeeds
D

enton

A.

F

uller,

who recently resigned from the Branch board.

Mr. Fuller, form erly President of The Citizens National Bank of
Wellsville, Wellsville, N. Y., is now President of Liberty Trust
Company, Cumberland, Maryland.




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2 - 5 7 0 0

February 6, 1961

To the Member and Nonmember Clearing Banks
of the Second Federal Reserve District:
Because of the blizzard which struck the New York City metropolitan
area on Friday, February 3> 196l, and its effect on transportation facilities
in this and other areas of the nation, delays may be anticipated in the present­
ment of cash items, in the receipt of advices of nonpayment, and in the return
of unpaid items from banks in many parts of the country.
We will continue to accept and endeavor to dispatch cash items
deposited with us payable in the affected areas and to give credit therefor
in accordance with our time schedules, but we reserve the right to charge back
any unpaid items at any time.




ALFRED HAYES,
President.

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