Full text of Federal Reserve Bank of New York Circulars : 9717. Closing of Girod Trust Company

View original document

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

FEDERAL RESERVE BAMK
OF H E W YORK

[

Circular No. 9717 1
August 17, 1984

CLOSING OF GIROO TRUST COMPANY

To All Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

We have been notified that, on August 16, 1984, the Secretary of the Treasury
for the Commonwealth of Puerto Rico took over the management and administra­
tion of Girod Trust Company, San Juan, Puerto Rico, and that the Federal Deposit
Insurance Corporation has been appointed receiver.
If we are unable to obtain payment in actually and finally collected funds for
cash items included in our cash letters to Girod Trust Company, we will charge
back such items under the provisions of Regulation J of the Board of Governors of
the Federal Reserve System (12 C.F.R. 210).




A nthony M. Solomon,
President.