Full text of Federal Reserve Bank of New York Circulars : 7298. December 24, 1973 -- A Holiday in New Jersey

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F E D E R A L R E S E R V E B AN K
OF N EW YORK

C ir cu la r N o. 7298
D e ce m b e r 19, 1973

DECEMBER 24, 1973— A HOLIDAY IN NEW JERSEY
To Member Banks L ocated in New York and
C onnecticut, and Others Concerned,
in the Second F ederal R eserv e D istrict:

By Executive Order, the Governor of the State of New
Jersey has ordered and directed that Monday, December 24, 1973,
be a holiday in that State.

As a result, under Section 36:1-1

of the New Jersey Revised Statutes, cash items and noncash
items which are payable by, at, or through New Jersey banks or
are otherwise presentable for acceptance or payment in New
Jersey on that day shall be deemed to be payable, and will be
presentable for acceptance or payment, on the next business day,
December 26.

Corresponding delays will result in the return

of unpaid items and in the forwarding of advices of nonpayment
of such items.
We will continue to consider December 24, 1973, a
business day with respect to availability of credit for cash
items sent to the Head Office of this Bank that are payable
by, at, or through banks in New Jersey.




Alfred Hayes,

President.

FE D E R A L R ESERVE BANK
O F N EW YORK

December 19, 1973

CRANFORD OFFICE OF THIS BANK CLOSED ON DECEMBER 24, 1973

To Member Banks in the Second Federal R eserv e D istrict L oca ted in
New J ersey, and Nonmember Banks Participating in the North J ersey
R egional Check P rocessin g Center:

As you know, by Executive Order, the Governor of the
State of New Jersey has ordered and directed that Monday,
December 24, 1973, be a holiday within the meaning and pro­
visions of Section 36:1-1 of the New Jersey Revised Statutes.
In accordance with the policy embodied in that Executive Order,
this Bank's North Jersey Regional Check Processing Center,
located at its Cranford Office, will be closed on December 24,
1973.

Accordingly, cash items presentable for payment in New

Jersey on that day shall be deemed to be presentable for pay­
ment on the next business day, December 26.

Corresponding

delays will result in the return of unpaid items and in the
forwarding of advices of nonpayment of such items.




Alfred Hayes,
President.