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FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 7472
October 3 , 1974

H O L ID A Y

N O T IC E

To A ll Banking Institutions in the
Second Federal R eserve District:

As y o u know, the p u b l i c h o l i d a y k n o w n as Veterans'
Day w i l l be o b s e r v e d on N o v e m b e r 11, 1974 in N e w Y o r k and
Connecticut.

A c c o r d i n g l y , this Ban k ' s He a d Office, its B u f f a l o

Branch, and its J e r i c h o O f f i c e w i l l be c l o s e d on t h a t day.
However, Veterans'

Day w i l l be o b s e r v e d as a p u b l i c

h o l i d a y in N e w J e r s e y o n O c t o b e r 28, 1 9 7 4 , and our C r a n f o r d
O f f i c e w i l l be c l o s e d on t h a t day.

As a r e s u l t and in a c c o r ­

d a n c e w i t h S e c t i o n 3 6 : 1 - 1 of the N e w J e r s e y R e v i s e d S t a t utes,
c a s h i t ems and n o n c a s h items w h i c h w o u l d o t h e r w i s e be p r e s e n t e d
for p a y m e n t in N e w J e r s e y o n th a t d a y w i l l be p r e s e n t e d o n the
n e x t b u s i n e s s day, O c t o b e r 29.

Corresponding delays will occur

in the r e t u r n of u n p a i d i tems and 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 s u c h items.
W e w i l l c o n s i d e r O c t o b e r 28, 1974 a b u s i n e s s d a y 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 c a s h items sent to this
Bank, e x c e p t t h a t c r e d i t for d e p o s i t s of c a s h items d r a w n on
b a n k s p a r t i c i p a t i n g in the N o r t h J e r s e y R e g i o n a l C h e c k P r o c e s s i n g
C e n t e r r e c e i v e d at the H e a d O f f i c e of th i s B a n k o n Friday,
O c t o b e r 25, 1974 a f t e r 12 noon, w i l l be g i v e n on Tues d a y ,
O c t o b e r 29, 1974.




Al

fred

Ha

ye s

,

President.