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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 S 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. A lfred H ayes, P r e s id e n t. At 4997 Federal R eserve NEW Ba YORK RECTOR nk 45, of N ew York N.Y. 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.