Full text of Federal Reserve Bank of New York Circulars : 7070. Connecticut Banks Closed on December 28, 1972

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FED ER AL RESERVE BANK
O F NEW YORK

Circular No. 7070
December 27, 1972

C O N N E C T I C U T B A N K S C L O S E D ON D E C E M B E R 28, 1972

the Member Banks and Nonmember Clearing Banks
of the Second Federal R eserve D istrict:

To

The G o v e r n o r of the State of C o n n e c t i c u t has d e c l a r e d
T h u r s d a y , D e c e m b e r 28, 1972 a day of p u b l i c m o u r n i n g and p r a y e r
in t h a t S t a t e for f o r m e r P r e s i d e n t H a r r y S. T r u m a n and, p u r s u a n t
to S e c t i o n 36-28a(a)

of the C o n n e c t i c u t G e n e r a l Statutes, has

o r d e r e d t h a t b a n k s in C o n n e c t i c u t be c l o s e d on that day.
result, u n d e r S e c t i o n s 36-28a(g)

and 42a-4-107(2)

As a

of the

C o n n e c t i c u t G e n e r a l S t a t u t es, cash items and n o n c a s h items
o t h e r w i s e p r e s e n t a b l e for a c c e p t a n c e and p a y m e n t in C o n n e c t i c u t
on t h a t d a y s h all be d e e m e d to be r e c e i v e d by b a n k s on the next
b a n k i n g day, D e c e m b e r 29, 1972.

T h e r e w i l l be c o r r e s p o n d i n g

d e l a y s in the r e t u r n of u n p a i d items and in the f o r w a r d i n g of
a d v i c e s of n o n p a y m e n t of such items.
We w i l l c o n s i d e r D e c e m b e r 28, 1972 a b u s i n e s s day
w i t h r e s p e c t to a v a i l a b i l i t y of c r e d i t for cas h items sent to
this B a n k t h a t are p a y a b l e by, at, or t h r o u g h b a n k s in
Connecticut.




Alfred Hayes,
President.