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FEDERAL RESERVE BANK
OF NEW YORK

Check

[

Department

Circular No. 561, June 12, 1923 "1
Reference to Circular 515 as supplemented J

Collection of Checks
Immediate Credit for Certain New Jersey Checks

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

Banks

The Northern New Jersey Clearing: House Association has notified us
that the Franklin National Bank, Jersey City, New Jersey, has been admitted
to the association as a nonmember clearing: bank.

Therefore, checks drawn

on that bank will be received by us on and after June 25, 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 given one day after such receipt.




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