Full text of Federal Reserve Bank of New York Circulars : 872. New Counterfeit

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FEDERAL RESERVE BANK
OF NEW YORK

Cash Department

^Circular No. 872T
L September 19. 1928J

New Counterfeit
L

To all Banks, Trust Companies and Others Concerned
in the Second Federal Reserve District:

The Treasury Department in its circular letter No. 608 describes a new
counterfeit as follows:
$20 FEDERAL RESERVE NOTE: On the Federal Reserve Bank of Cleveland,
Ohio; 1914 series; check letter " H " ; face plate No. 208; back plate No. 980; Frank
White, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury; portrait of Cleveland.
This counterfeit is printed from etched plates on bleached genuine paper. The
face appears to have been printed too heavily, causing the lathework in the border to
lose some of the fine line effects, while the portrait is not clearly produced and should
attract attention immediately. The numbering is executed irregularly and heavily, the
specimen at hand bearing number D34280506A. The back coloring is in a bright green
tone.
This note is the handiwork of the counterfeiter responsible for the counterfeit on
the same bank described in Circular 727.

Very truly yours,
BENJ. STBONG,

Governor.

FEDERAL RESERVE BANK
OF NEW YORK
September 24, 1928
To

Check Department
H

accompany revised, time schedule
effective October 1. 1928.

To all Member and Nonmember Clearing Banks (Exclusive
of Banks in Territory Assigned to the Buffalo Branch) :

Enclosed is a copy of the revised time schedule showing when the proceeds of
items forwarded for collection will become available under the provisions of Circular
No. 728 of this bank covering the collection of checks as herein amended. The new
schedule takes effect on October 1,1928.
Eeference to the revised time schedule will show that the time periods for checks
payable in Federal Reserve cities and Federal Reserve Branch cities remain unchanged and that certain changes have been made in the time periods for checks payable outside of such cities. The eight day period for checks payable outside of Federal
Reserve cities and Federal Reserve Branch cities has been abolished and afiveday
period and a seven day period have been established.
It will be noted that in the revised schedule credit for items payable in Federal
Reserve cities or Federal Reserve Branch cities is deferred on the basis of calendar
days; whereas credit for items payable outside of Federal Reserve cities or Federal
Reserve Branch cities is deferred on the basis of business days. Due to this change,
the calendars for 1928 furnished by this bank, showing transit maturities, become of
no further use.
Particular attention is called to the paragraph on page 3 of the revised schedule,
under the heading,'' Indorsement of Checks,'' which in effect amends the Check Collection Circular of this bank, No. 728, with regard to the indorsement of checks, by
expressly providing that the act of sending checks to this bank or to another Federal
Reserve Bank or Branch for account of this bank will be deemed to constitute a
guaranty of all prior indorsements, whether or not a specific guaranty is incorporated
in the indorsement stamp of the forwarding bank.

Very truly yours,
BENJ. STRONG,

Governor.

Federal Reserve Bank of New York
S E C O N D

F E D E R A L

R E S E R V E

D I S T R I C T

NEW YORK TIME SCHEDULE
Showing When the Proceeds of
Items Will Become Available

Effective October 1,1928

FEDERAL RESERVE BANK OF NEW YORK
Schedule Showing When the Proceeds of Items Will Become Available
(Superseding Schedule Issued March 1, 1927 as revised to April IS, 1928)

IMMEDIATE CREDIT
When received by 9 a, m.
New York Clearing House banks (Reference to List A, page 4)
Other New York City and Brooklyn banks (Reference to List B, pages 6
and 7)
Northern New Jersey Clearing House banks (Reference to List C, page 8)
Checks and warrants on Treasurer of the United States, Washington, D. C.
When received by 3 p. m. (Saturdays 1 p. m.)
Checks on Federal Reserve Bank of New York and Buffalo Branch
Officers' checks of other Federal Reserve Banks
Federal Reserve Exchange Drafts
Federal Reserve Transfer Drafts
Federal Reserve Cities and Federa Reserve
Cities in this column

Branch

Districts
No.
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta

l
2
3
4
5
6

No.
7
Chicago
8
St. Louis
9
Minneapolis
Kansas City, Mo. 1 0
11
Dallas
12
San Francisco

Localities outside of Federal Reserve Cities and Federal Reserve
Branch Cities in this column

One Calendar Day After Receipt
New York City—Cheeks and items on institutions not
CLOSING TIME FOR DEFERRED ITEMS
mentioned above, which the Federal Reserve Bank
Payable in Second District
of New York may elect to handle, when ]received
2 :30 p. m. Saturdays 1 p. m.
No.
by 9 a. m.
Items $500 and over 8:80 p. m. Saturdays 1 p. m.
1
Boston
District
2
Buffalo
Branch of
Payablt i in other Federal Reserve Districts
3
Philadelphia
District
1 2 - 30 p. m. Saturdays 12 :80 p. m.
Items $500 and over 8:80 p. m. Saturdays 1 p. m.
4
Pittsburgh
Branch of
5
Richmond
District
5
Baltimore
Branch of
Two Calendar Days After Receipt
Two Business Days After Receipt
No.
4
Cleveland
District
Banks in
••New Jersey
Connecticut
Cincinnati
Branch of
4
Delaware
•New York
5
Charlotte
Branch of
Atlanta
District of Columbia
•Pennsylvania
6
District
Birmingham
Maine
Rhode Island
Branch of
6
6
Jacksonville
Branch of
•Maryland
Vermont
6
Nashville
Branch of
•Massachusetts
"Virginia
Chicago
District
New Hampshire
7
7
Detroit
Branch of
8
St. Louis
District
8
Louisville
Branch of
9
Minneapolis
District
9
St. Paul
In District
Three Calendar Days After Receipt
No.
6
Branch of
New Orleans
8
Branch of
Memphis
8
Branch of
Little Rock
10
District
Kansas City, Mo.
In District 10
Kansas City, Kans.
10
Branch of
Omaha
10
Branch of
Oklahoma City
11
District
Dallas
Four Calendar Days After Receipt
Four Business Days After Receipt
No.
9
Branch of
Helena
Banks in
10
Branch of
Denver
•Georgia
•Minnesota
11
Branch of
El Paso
•Illinois
•Missouri
11
Branch of
Houston
Indiana
•North Carolina
11
Branch of
San Antonio
Iowa
•Ohio
12
Branch of
Spokane
•Kansas
South Carolina
12
Branch of
Salt Lake City
•Kentucky
West Virginia
12
Branch of
Portland, Ore.
•Michigan
Wisconsin
12
Branch of
Seattle
Five Calendar Days After Receipt
Five Business Days After Receipt
No.
San Francisco
Banks in
District
12
•Nebraska
•Alabama
Los Angeles
Branch of
12
•Oklahoma
•Arkansas
•Florida
•Tennessee
Mississippi
Seven Business Days After Receipt
Banks in
Arizona
North Dakota
•California
•Oregon
•Colorado
South Dakota
Idaho
•Texas
•Louisiana
•Utah
•Montana
•Washington
Nevada
Wyoming
New Mexico
• Except banks in cities referred to in the first column.
" Except banks in Northern New Jersey Clearing House Association.

TIME SCHEDULE INFORMATION AND INSTRUCTIONS
In order to expedite the forwarding of checks and the obtaining of prompt credit
therefor, member banks are requested in the preparation of their letters to sort their
checks into the following classes and list each class on a separate sheet or total.
(a) Items drawn on members of the New York Clearing House (List A, page 4).
(b) Items drawn on other New York City banks (List B, page 6) and on Brooklyn
banks and bankers (page 7).
(c) Items drawn on members of the Northern New Jersey Clearing House Association (List C, page 8).
(d) Checks and warrants on Treasurer of the United States, Washington, D. C.
(e) Items drawn on one-day points.
(f) Items drawn on two-day points, subdivided into
1. A letter containing items drawn upon banks situated in the State of
New York.
(a) Cities and towns—A to L.
(b) Cities and towns—M to Z.
2. A letter containing items drawn upon banks situated in the portion of
New Jersey that is in this district, and Fairfield County, Conn.,
and
3. A letter covering all other items on the two-day points outside of this
district (see note).
(g) Items drawn on three-day points.
(h) Items drawn on four-day points (see note).
(i) Items drawn on five-day points (see note).
(j) Items drawn on seven-day points.

(Note) In order to obtain the earliest availability these items should be further sorted and subdivided as follows:
Items payable in Federal Beserve cities and Federal Beserve Branch cities should be forwarded in
separate letters according to the various calendar day subdivisions of the schedule. Items payable
outside of such cities should also be sent in separate letters according to the various business day
subdivisions of the schedule. This is advisable for the reason that credit for items payable in Federal
Beserve cities or in Federal Beserve Branch cities is deferred on the basis of calendar days while
credit for items payable outside of Federal Beserve cities or Federal Beserve Branch cities is deferred
on the basis of business days.

All letters received, classified as above, will be credited in full for the total shown,
and errors in listing or footing will be adjusted by a separate debit or credit. Checks
received unsorted will be made available for the longest period required to collect any
item inclosed.
Credit and availability are in all instances subject to actual receipt of payment.
In this connection attention is invited to the fact that the periods of the time schedule
are based generally upon the average mail time required for items to reach the paying
bank, plus the time required for the paying bank to remit to the Federal Reserve Bank,
and they do not necessarily indicate the actual time required for collection. It must
be borne in mind, therefore, that advice of availability cannot and must not be considered advice of actual payment.
All items should be described on cash letters by inserting the name of bank and
town upon which they are drawn, or by inserting the A. B. A. transit number of the bank.

Indorsement of Checks
Checks will be received from member and nonmember clearing banks only upon
the condition that all prior indorsements are guaranteed by the depositing bank. The
indorsement stamp of the member bank should, therefore, have incorporated in it the
phrase "all prior indorsements guaranteed." In order to facilitate the handling of
checks and to avoid the delay incident to returning any items upon which prior indorsements are not guaranteed, the act of sending checks to this bank or to another Federal
Reserve Bank or branch for account of this bank will be deemed to constitute a guaranty
of all prior indorsements, whether or not a specific guaranty is incorporated in the indorsement stamp of the forwarding bank.

General Conditions Under Which Items Are Accepted
Every bank sending checks or other cash items to the Federal Reserve Bank of New
York, or to another Federal Beserve Bank, for account of this bank, will be understood to have agreed to the terms and conditions of the check collection circular of
this bank and of the Regulation of the Federal Reserve Board governing check clearing and collection.

LIST A
MEMBERS OF NEW YORK CLEARING HOUSE ASSOCIATION AND
NON-MEMBERS CLEARING THROUGH THEM

No.

"67
•• •

6
2

Name
Adams-Southern Express Co. Money orders (clear through 67)
Adams Express Company, Money orders (clear through 67)
The American Exchange Irving Trust Company
American Express Company, Money orders (clear through 23)

103

The Bank of America National Association
Bank of the Manhattan Company
Bank of Montreal, New York Agents (clear through 8)
Bank of New York and Trust Company
Bankers Trust Company

74
30
12
124
72
45

Canadian Bank of Commerce, New York (clear through 67)
Canadian Northern Express Company Money orders (clear through 67)
Canadian Express Company, Money orders (N. Y.) (clear through 23)
The Chase National Bank
The Chatham Phenix Nat'l Bank and Trust Co. of the City of New York
The Chemical National Bank of New York
Colonial Bank
The Continental Bank of New York
The Corn Exchange Bank

•••

Dominion Express, Money orders (clear through 8)

123

The Equitable Trust Company of New York

121
120
108
76
65

The Farmers' Loan and Trust Company
Federal Reserve Bank of New York
Fidelity Trust Company
The Fifth Avenue Bank of New York
The First National Bank of the City of New York

81
107

The Garfield National Bank of the City of New York
Great Northern Express Company, Money orders (clear through 74)
Guaranty Trust Company of New York
The Hanover National Bank of the City of New York

LIST A— (Continued)

Name

JNo.

International Mercantile Marine Money orders (clear through 65)
110

Lawyers Trust Company

Mechanics Trust Company, Bayonne, N. J. (clear through 33)

23
8
54

National Bank of Commerce in New York
The National City Bank of New York
The National Park Bank of New York
Newfoundland Express Money orders (clear through 8)
The New York Trust Company
Northern Pacific Express Money orders (clear through 74)

Pacific Express Company, Money orders (clear through 74)
Post Office Money orders
85

The Seaboard National Bank of the City of New York
Southern Express Company Money orders (clear through 74)
The State Bank and Trust Company
South Western Express Co. Money orders (clear through 74)
South Eastern Express Co. Money orders (clear through 74)

106

Title Guarantee & Trust Company

104

United States Mortgage and Trust Company
Wells Fargo & Company, Express Money orders (clear through 23)
Western Express Company, Money orders (clear through 65)

•*

LIST B
OTHER NEW YORK CITY BANKS

Name
Amalgamated Bank
American Trust Company
American Union Bank
Banco di Sicilia Trust Company
Bank of Europe Trust Company
Bank of United States
Bank of Yorktown
Bronx Borough Bank
Bronx County Trust Company
Central National Bank
Century Bank
Chelsea Exchange Bank
City Trust Company
Claremont National Bank
Clarke Brothers
Columbus Bank
Community State Bank
County Trust Company
Dunbar National Bank
Empire Trust Company
Federation Bank & Trust Company
Fordham National Bank
Fulton Trust Company
Grace National Bank
Harriman National Bank
Industrial National Bank
International Acceptance Trust Company
International Germanic Trust Company
International Union Bank
Interstate Trust Company
Lebanon National Bank
Liberty National Bank & Trust Company
Madison State Bank
Manufacturers Trust Company
Melrose National Bank
Merchants Bank of New York City
Midtown Bank
Municipal Bank & Trust Company
Murray Hill Trust Company
National Bank of Yorkville

LIST B—(Continued)

Name
Pacific Coast Trust Company
Pennsylvania Exchange Bank
Port Morris Bank
Prisco State Bank
Prudential Bank
Public National Bank & Trust Company
Seventh National Bank
Seward National Bank
Sixth Avenue Bank
Times Square Trust Company
Trade Bank
Trust Company of North America
Woodside National Bank
World Exchange Bank

OTHER NEW YOBK CITY BANKS
Located in Borough of Brooklyn

Bank of Glendale
Bay Parkway National Bank
Bedford National Bank
Bensonhurst National Bank
Brooklyn Trust Company
Bushwick National Bank
Citizens Bank of Brooklyn
Erasmus State Bank
First National Bank of Brooklyn
Flatbush National Bank
Globe Exchange Bank
Granite National Bank
Guardian National Bank
Kings County Trust Company
Lafayette National Bank
Mechanics Bank of Brooklyn
Midwood Trust Company
Nassau National Bank
National Bank of Eidgewood
Peoples National Bank
Prospect National Bank & Trust Co.
Rugby National Bank
L. M. P. Scotto & Bro.
Traders National Bank
Unity State Bank

LIST C
MEMBERS OF NORTHERN NEW JERSEY CLEARING HOUSE ASSOCIATION AND
NON-MEMBERS CLEARING THROUGH THEM

No.
11
14
6

12
16

22
23
7

3
9

8
18
15

Name
Bayonne Trust Company, Bayonne
11A 25th Street Branch
11B 41st Street Branch
The Claremont Bank of Jersey City
Commercial Trust Company of New Jersey, Jersey City
6A Grove Street Branch, Jersey City
6B Five Corners Branch, Jersey City
6C Bergen Avenue Branch
Federal Reserve Bank of New York
The First National Bank of Hoboken
5C *The First National Bank of Secaucus
5D Uptown Branch
The First National Bank of Jersey City
2A *Hudson City Savings Bank, Jersey City
2C *The Franklin National Bank, Jersey City
2D •Jackson Trust Company, Jersey City
2E *Lahor National Bank, Jersey City
2F Hudson City Branch
2G Old Bergen Branch
Greenville Banking & Trust Company, Jersey City
Hudson Trust Company, Hoboken
16A Union City Branch
16B *North Bergen Trust Company, North Bergen
16C *Hoboken Trust Company, Hoboken
Jefferson Trust Company, Hoboken
Journal Square National Bank, Jersey City
Lincoln Trust Company of New Jersey, Jersey City
7A Bergen Square Branch
Mercantile Trust Company, Jersey City
The New Jersey Title Guarantee & Trust Company, Jersey City
9A Bergen Branch, Jersey City
9B West New York Branch, West New York
9C *West Bergen Trust Company, Jersey City
9D *Bank of Lafayette, Jersey City
The Second Bank & Trust Company of Hoboken
8A * Columbia Trust Company of New Jersey, Hoboken
Steneck Trust Companv, Hoboken
18A City Branch
Trust Company of New Jersey, Jersey City
15A Bergen & Lafayette Branch, Jersey City
15B Hoboken Branch, Hoboken
15C Peoples Safe Deposit Branch, Jersey City
15D Union City Branch, Union City
15E *West New York Trust Company, West New York
15F Newark Avenue Branch
15G *Monitor Trust Company, West New York
15H *Park Trust Company, Weehawken
Hudson County National Bank, Jersey City
17A Jackson Avenue Branch, Jersey City
17B Bayonne Branch, Bayonne
17C *Highland Trust Company of New Jersey, Union City
17D Branch—191 Pavonia Avenue, Jersey City
17E Branch—356 Central Avenue, Jersey City
Weehawken Trust and Title Company, Union City

• Non-member Clearing Banks.

FEDERAL RESERVE BANK
OF NEW YORK

September 24, 1928
Check Department

To accompany revised time schedule
effective October 1, 1928.

To all Member and Nonmember Clearing Banks in the
Territory Assigned to the Buffalo Branch:

Enclosed is a copy of the revised time schedule showing when the proceeds of
items forwarded for collection will become available under the provisions of Circular
No. 728 of this bank covering the collection of checks as herein amended. The new
schedule takes effect on October 1,1928.
Reference to the revised time schedule will show that the time periods for checks
payable in Federal Reserve cities and Federal Reserve Branch cities remain unchanged with the exception of San Antonio, formerly in the four day period, which
has been placed in the three day period. Certain changes have been made in the time
periods for checks payable outside of such cities. The eight day period for checks
payable outside of Federal Reserve cities and Federal Reserve Branch cities has
been abolished and five, six and seven day periods have been established.
It will be noted that in the revised schedule credit for items payable in Federal
Reserve cities or Federal Reserve Branch cities is deferred on the basis of calendar
days; whereas credit for items payable outside of Federal Reserve cities or Federal
Reserve Branch cities is deferred on the basis of business days. Due to this change,
the calendars for 1928 furnished by this bank, showing transit maturities, become of
no further use.
Particular attention is called to the paragraph on page 3 of the revised schedule,
under the heading "Indorsement of Checks," which in effect amends the Check Collection Circular of this bank, No. 728, with regard to the indorsement of checks, by
expressly providing that the act of sending checks to this bank or to another Federal
Reserve Bank or Branch for account of this bank will be deemed to constitute a
guaranty of all prior indorsements, whether or not a specific guaranty is incorporated in the indorsement stamp of the forwarding bank.

Very truly yours,
BEN.T. STEONG,

Governor.

Federal Reserve Bank of New York
S E C O N D

F E D E R A L

R E S E R V E

D I S T R I C T

BUFFALO BRANCH TIME SCHEDULE

Showing When the Proceeds of
Items Will Become Available

•

Effective October 1, 1928

FEDERAL RESERVE BANK OF NEW YORK
Buffalo Branch
Schedule Showing When the Proceeds of Items Will Become Available
(Superseding Schedule Issued March 1, 1927
as revised to April 15, 1928)

IMMEDIATE CEEDIT
Buffalo banks—when received by 9 a.m. (8.30 a.m. Saturdays)
Checks and warrants on Treasurer of the United States, Washington, D. C.
Federal Reserve Transfer Drafts
Federal Reserve Exchange Drafts
Checks on Federal Reserve Bank of New York, and Buffalo Branch
Officers' checks of other Federal Reserve Banks
Federal Reserve Cities and Federal Reserve Branch Cities

in this column
One Calendar Day After Receipt

Districts

No.
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta

1 Chicago
2 St. Louis

7
8

9
3 Minneapolis
4 Kansas City, Mo. 10
11
5 Dallas
12
6 San Francisco

Localities outside of Federal Reserve Cities and Federal
Rsserve Branch Cities in this column

New York Clearing House banks (Reference to List
CLOSING TIME FOR DEFERRED ITEMS
A, pages 4 and 5). Other New York City and Brooklyn
Items drawn on banks in Second District 2 :30 p. m.
banks (Reference to List B, pages (5 and 7). Northern
Items $500 and over 3:30 p. m., except Saturdays
New Jersey Clearing House banks (Reference to List C,
on which day no items will be received after 12
noon.
No.
P a S e 8 >- Banks in
Items drawn on banks in other Federal Reserve
Districts 12:30 p. m. except Saturdays when the
4
Cleveland
District
closing hour is 12 noon.
4
Pittsburgh
Branch of
Chicago
7
District
Branch of
7
Detroit
Two Business Days After Receipt
No.
Two Calendar Days After Receipt
Banks in
Balance of Manhattan, New York City
1
**New Jersey
Boston
District
3
•New York
Philadelphia
District
4
Cincinnati
Branch of
5
Baltimore
Branch of
5
Charlotte
Branch of
5
Richmond
District
6
Birmingham
Branch of
6
Nashville
Branch of
8
Little Rock
Branch of
8
Louisville
Branch of
8
Memphis
Branch of
8
St. Louis
District
9
Minneapolis
District
9
St. Paul
In District
10
Kansas City, Mo.
District
10
Kansas City, Kans.
In District
10
Omaha
Branch of
No.
Three Business Days After Receipt
Three Calendar Days After Receipt
6
Banks in
District
Atlanta
6
Connecticut
'Massachusetts
Branch of
New Orleans
6
Delaware
"Michigan
Branch of
Jacksonville
10
*Hlinois
New Hampshire
Branch of
Denver
10
Indiana
*Ohio
Branch'of
Oklahoma City
11
Iowa
'Pennsylvania
District
Dallas
11
Maine
Rhode Island
Branch of
Houston
11
'Maryland
Vermont
Branch of
San Antonio
Four Business Days After Receipt
No.
Four Calendar Days After Receipt
9
Banks in
Helena
Branch of
11
District of Columbia
'Minnesota
Branch of
El Paso
12
"Georgia
'Missouri
Seattle
Branch of
12
'Kansas
'Virginia
Salt Lake City
Branch of
12
'Kentucky
Wisconsin
Branch of
Spokane
12
West Virginia
Branch of
Portland, Ore.
12
San Francisco
District
12
Los Angeles
Branch of
Five Business Days After Receipt
Banks in
•Alabama
'Nebraska
•Arkansas
'North Carolina
•Florida
'Oklahoma
Mississippi
South Carolina
•Tennessee
Six Business Days After Receipt
Banks in
•California
'Oregon
•Colorado
South Dakota
•Louisiana
'Texas
•Montana
•Utah
North Dakota
'Washington
Wyoming
Seven Business Days After Receipt
Banks in
Arizona
Nevada
Idaho
New Mexico

No.

TIME SCHEDULE INFORMATION AND INSTRUCTIONS
In order to expedite the forwarding of checks and the obtaining of prompt credit
therefor, member banks are requested in the preparation of their letters to sort their
checks in accordance with the foregoing time schedule, with a separate letter and total
for each separate time group.
All letters received, so classified, will be credited in full for the total shown, and
errors in listing or footing will be adjusted by a separate debit or credit. Checks
received unsorted will be made available for the longest period required to collect any
item inclosed.
In order to obtain the earliest availability, items payable in Federal Reserve cities
and Federal Reserve Branch cities should be forwarded in separate letters according to
the various calendar day subdivisions of the schedule. This is advisable for the reason
that credit for items payable in Federal Reserve cities or in Federal Reserve Branch
cities is deferred on the basis of calendar days while credit for items payable in localities
outside of Federal Reserve cities or Federal Reserve Branch cities is deferred on the
basis of business days.
Credit and availability are in all instances subject to actual receipt of payment.
In this connection attention is invited to the fact that the periods of the time schedule
are based generally upon the average mail time required for items to reach the paying
bank, plus the time required for the paying bank to remit to the Federal Reserve Bank,
and they do not necessarily indicate the actual time required for collection. It must
be borne in mind, therefore, that advice of availability cannot and must not be considered advice of actual payment.
All items should be described on cash letters by inserting the name of bank and
town upon which they are drawn, or by inserting the A. B. A. transit number of the bank.

Indorsement of Checks
Checks will be received from member and nonmember clearing banks only upon
the condition that all prior indorsements are guaranteed by the depositing bank. The
indorsement stamp of the member bank should, therefore, have incorporated in it the
phrase "all prior indorsements guaranteed." In order to facilitate the handling of
checks and to avoid the delay incident to returning any items upon which prior indorsements are not guaranteed, the act of sending cheeks to this bank or to another Federal
Reserve Bank or branch for account of this bank will be deemed to constitute a guaranty
of all prior indorsements, whether or not a specific guaranty is incorporated in the indorsement stamp of the forwarding bank.

General Conditions Under Which Items Are Accepted
Every bank sending checks or other cash items to the Federal Reserve Bank of New
York, or to another Federal Reserve Bank, for account of this bank, will be understood to have agreed to the terms and conditions of the check collection circular of
this bank and of the Regulation of the Federal Reserve Board governing check clearing and collection.

LIST A
MEMBERS OF NEW YORK CLEARING HOUSE ASSOCIATION AND
NON-MEMBERS CLEARING THROUGH THEM

No.

6
2
•••
1
103

The Bank of America National Association
Bank of the Manhattan Company
Bank of Montreal, New York Agents (clear through 8)
Bank of New York and Trust Company
Bankers Trust Company

74
30
12
124
72
45

•••

Dominion Express, Money orders (clear through 8)

123

The Equitable Trust Company of New York

121
120
108
76
65

The Farmers' Loan and Trust Company
Federal Reserve Bank of New York
Fidelity Trust Company
The Fifth Avenue Bank of New York
The First National Bank of the City of New York

81
107
33

The Garfield National Bank of the City of New York
Great Northern Express Company, Money orders (clear through 74)
Guaranty Trust Company of New York
The Hanover National Bank of the City of New York

LIST A— (Continued)

JNo.

Name

International Mercantile Marine Money orders (clear through 65)

110

Lawyers Trust Company

Mechanics Trust Company, Bayonne, N. J. (clear through 33)

114
•••

...

Pacific Express Company, Money orders (clear through 74)
Post Office Money orders

23
8
54

85
96

106

Title Guarantee & Trust Company

104

United States Mortgage and Trust Company

Wells Fargo & Company, Express Money orders (clear through 23)
Western Express Company, Money orders (clear through 65)

LIST B
OTHER NEW YORK CITY BANKS

•

LIST B—(Continued)

OTHEE NEW TOBK CITY BANKS
Located in Borongh of Brooklyn

Bank of Glendale
Bay Parkway National Bank
Bedford National Bank
Bensonhurst National Bank
Brooklyn Trust Company
Bushwick National Bank
Citizens Bank of Brooklyn
Erasmus State Bank
First National Bank of Brooklyn
Flatbush National Bank
Globe Exchange Bank
Granite National Bank
Guardian National Bank
Kings County Trust Company
Lafayette National Bank
Mechanics Bank of Brooklyn
Midwood Trust Company
Nassau National Bank
National Bank of Ridgewood
Peoples National Bank
Prospect National Bank & Trust Co.
Rugby National Bank
L. M. P. Scotto & Bro.
Traders National Bank
Unity State Bank

LIST C
MEMBERS OF NORTHERN NEW JERSEY CLEARING HOUSE ASSOCIATION AND
NON-MEMBERS CLEARING THROUGH THEM

No.
11
14
6

12
16

22
23
7

3
9

8
18
15

Name
Bayonne Trust Company, Bayonne
11A 25th Street Branch
11B 41st Street Branch
The Claremont Bank of Jersey City
Commercial Trust Company of New Jersey, Jersey City
6A Grove Street Branch, Jersey City
6B Five Corners Branch, Jersey City
6C Bergen Avenue Branch
Federal Reserve Bank of New York
The First National Bank of Hoboken
5C *The First National Bank of Secaucus
5D Uptown Branch
The First National Bank of Jersey City
2A *Hudson City Savings Bank, Jersey City
2C *The Franklin National Bank, Jersey City
2D •Jackson Trust Company, Jersey City
2E *La"bor National Bank, Jersey City
2F Hudson City Branch
2G Old Bergen Branch
Greenville Banking & Trust Company, Jersey City
Hudson Trust Company, Hoboken
16A Union City Branch
16B *North Bergen Trust Company, North Bergen
16C *Hoboken Trust Company, Hoboken
Jefferson Trust Company, Hoboken
Journal Square National Bank, Jersey City
Lincoln Trust Company of New Jersey, Jersey City
7A Bergen Square Branch
Mercantile Trust Company, Jersey City
The New Jersey Title Guarantee & Trust Company, Jersey City
9A Bergen Branch, Jersey City
9B West New York Branch, West New York
9C *West Bergen Trust Company, Jersey City
9D *Bank of Lafayette, Jersey City
The Second Bank & Trust Company of Hoboken
8A #Columbia Trust Company of New Jersey, Hoboken
Steneck Trust Company, Hoboken
18A City Branch
Trust Company of New Jersey, Jersey City
15A Bergen & Lafayette Branch, Jersey City
15B Hoboken Branch, Hoboken
15C Peoples Safe Deposit Branch, Jersey City
15D Union City Branch, Union City
15E *West New York Trust Company, West New York
15F Newark Avenue Branch
15G •Monitor Trust Company, West New York
15H *Park Trust Company, Weehawken
Hudson County National Bank, Jersey City
17A Jackson Avenue Branch, Jersey City
17B Bayonne Branch, Bayonne
17C •Highland Trust Company of New Jersey, Union City
17D Branch—191 Pavonia Avenue, Jersey City
17E Branch—356 Central Avenue, Jersey City
Weehawken Trust and Title Company, Union City

Non-member Clearing Banks.

Full text of Federal Reserve Bank of New York Circulars : 872. New Counterfeit

FRASER