Full text of Federal Reserve Bank of New York Circulars : 535. Collection of Checks

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FEDERAL RESERVE BANK
OF NEW YORK
F Circular No. 535, March 9, 1923 1
I Inference to Circulars 515 and 532 I

Check Department

Collection of Checks

Immediate Credit for Certain New Jersey Checks

To All Banks and Trust Companies
in the Second Federal Reserve District:

The Northern New Jersey Cleaving House Association has notified
us that the Bergen National Bank of Jersey City has been admitted to
the association as a non-member clearing bank. Therefore, checks drawn
on that bank will be received by us on and after March 12, 1923, for
immediate credit* in the same manner as checks drawn on certain other
New Jersey banking institutions listed in our time schedule effective since
January 2, 1923.
Such checks will of course be received and handled under the
terms and conditions of our circular entitled "Collection of Checks" dated
January 2, 1923.
Very truly yours,
BENJ. STRONG

Governor

* If received by the Buffalo Branch credit is Riven one day after such receipt.