Full text of Federal Reserve Bank of New York Circulars : 5470. Bank of America Travelers Cheques

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FEDERAL RESERVE BANK
OF N EW YORK

r Circular N o. 5 4 7 0 1
L
M arch 12, 1964
J

Bank of America Travelers Cheques

To the M em ber and Nonm em ber Clearing Banks o f the
Second Federal R eserve D istrict:

W e have been informed that after March 16, 1964, the First
National City Bank, New York, N. Y., will no longer be Paying Agent
for Travelers Cheques issued by the Bank of America National Trust
& Savings Association, San Francisco, California. As a result, these
items will no longer be payable in New York City.
After March 16, Bank of America Travelers Cheques will not be
received by this Bank for immediate credit, but will be received as
deferred-credit items and should be included with cash letters deposited
for deferred credit. Member banks that forward cash items direct to
other Federal Reserve Banks and Branches should include Bank of
America Travelers Cheques in cash letters with “ city items” for­
warded to the Federal Reserve Bank of San Francisco.
A

lfred

H

ayes,

President.

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F I F T I E T H

A N N I V E R S A R Y

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