Full text of Federal Reserve Bank of New York Circulars : 8731. Holiday Notice

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FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 87 3 1
January 4, 1980

HOLIDAY NOTICE

To the Member Banks, and Others Concerned,
in the Second Federal Reserve District:

Banks located in New Jersey will be closed on Tuesday, January 15, 1980 (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 16, 1980.
Corresponding delays will also occur in the return of unpaid items and in the
forwarding of advices of nonpayment 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 10 p.m. on Friday, January 11, will be given
on Wednesday, January 16. 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.




T homas M. Timlen,

First Vice President.

FEDERAL RESERVE BANK
OF NEW YORK

January 4, 1980

CRANFORD OFFICE OF THIS BANK CLOSED ON JANUARY 15, 1980

To A ll North Jersey Regional
Check Processing Center Participating Banks:

As indicated in our Circular No. 8666, dated October 23, 1979, this Bank’s
Cranford Office (North Jersey Regional Check Processing Center) will be closed on
Tuesday, January 15, 1980, in observance of 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 16, 1980. 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 14, and Tuesday night, January 15, 1980. Credit availability
for such deposits will be given on Wednesday, January 16, 1980.
The Cranford Office will also accept deposits from member banks served by that
office for delivery to the New York Head Office during the evenings of January 14 and
15, subject to the provisions of the time schedules indicated in Appendix No. 1-D to
Operating Circular No. 5.




T h o m a s M. T i m l e n ,

First Vice President.