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F E D E R A L R E S E R V E B AN K O F N EW YORK Circular No. 8252 January 6, 1978 H O LID A Y N O T IC E To the Member Banks, and Others Concerned, m the Second Federal R eserve District: Banks located in New Jersey will be closed on Monday, January 16 , 1978 (the Monday following Martin Luther King's Birthday). Accordingly, cash items and noncash items that are payable by, at, or through banks in New Jersey and that would otherwise be presented by this Bank on that day will be presented on the next business day, January 17, 1978. Corresponding delays will also occur in the return of unpaid items and in the forwarding of advices of non payment of such items. Credit for cash items drawn on banks in New Jersey served by our Cranford Office that are received at our Head Office after 12 noon on Friday, January 13, will be given on Tuesday, January 17. There will be no change in the usual availability of credit granted for any other cash items deposited at the Head Office of this Bank. P aul A. V olcker, President. FE D E R A L R ESER VE BANK O F N EW YORK January 6, 1978 C R A N FO R D O F F IC E O F THIS BANK C LO S ED ON JA N U A R Y 16, 1978 To A ll Banks Participating in the North Jersey Regional Check P rocessing Center: As indicated in our Circular No. 8209, dated November 2, 1977, this Bank's Cranford Office (North Jersey Regional Check Processing Center) will be closed on Monday, January 16 , 1978 (the Monday following Martin Luther King's Birthday). Cash items that would otherwise be presented by the Cranford Office for payment in New Jersey on that day will be presented on the next business day, January 17, 1978. Corresponding delays will occur in the return of unpaid items and in the forwarding of advices of nonpayment of such items. The Cranford Office will be open to accept deposits during normal business hours on Monday night, January 16 , 1978. Credit availability for such deposits will be given on Tuesday, January 17, 1978. The Cranford Office will also accept deposits from member banks served by that office for transshipment to the New York Head Office during the evening of January 16 , subject to the provisions of the time schedules indicated in Appendix No. 1-D to Operating Circular No. 5» "but will not do so on the evening of January 15. P aul A. V olcker, President.
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