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FEDERAL RESERVE BANK OF SMEW YORK NONSTANDARD HOLIDAYS To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve District: As provided in our Operating Circular No. 4, a Reserve Bank may charge a paying institution for checks deliv ered or made available to institutions closed regularly on a weekday when its Reserve Bank is open. Paying institu tions have the alternative of being charged for the value of the float associated with the checks rather than being charged for the value of the checks. These provisions do not, however, affect financial institutions closed for a nonstandard State or local holiday on which the local Reserve Bank is open. While cash letter charges to payor banks closed on such holidays will continue to be deferred, Reserve Banks, in order to eliminate the float, will defer credit to depositing institutions for items drawn on institutions closed on nonstandard holidays. As announced on July 5, 1984, the Federal Reserve Banks have implemented procedures for charging back nonstandard holiday float. A list of all nonstandard holidays for 1985, and the routing symbols involved, is printed on the reverse side hereof. When a nonstandard holiday occurs, credit for checks received in Mixed and Other Fed cash letters drawn on closed banking institutions will initially be given as usual. However, debit as-of adjustments will be issued for the total amount of these items on the following business day. Participants in the Consolidated Shipment and Direct Send programs will receive credit for the full amount of the cash letters as listed on the rainbow sheets and will receive a debit as-of adjustment for the total dollar amount of the items in the cash letters drawn on the closed institutions. Corresponding delays will occur in the return of unpaid items and in the forwarding of advices of nonpayment of such items drawn on institutions observing these holidays. Please contact your local Federal Reserve office if you have questions concerning these or other holiday closings. In this District, you may contact: New York (Head Office) — Paul L. McEvily, Manager, Check Services Department (Tel. No. 212-791-6551) Buffalo Branch — David P. Schwarzmueller, Operations Officer (Tel. No. 716-849-5018) Cranford Office — Fred A. Denesevich, Regional Manager (Tel. No. 201-272-9000) Jericho Office — Anthony N. Sagliano, Regional Manager (Tel. No. 516-997-4500) Utica Office — Harry A. Curth, Regional Manager (Tel. No. 315-736-8321). J am es O . A s t o n , : j ,- > . • Vice President. (Over) Schedule of N onstandard Holidays January 1 through December 31, 1985 Date o f Holiday January 7 January 11 January 21 February 11 February 12 March 22 March 25 April 5 Name o f Holiday Epiphany Hostos’ Birthday Inauguration Day Lincoln’s Birthday Lincoln’s Birthday Emancipation Day Seward’s Day Good Friday State/Territory Affected Puerto Rico Puerto Rico Washington, D.C. Alaska New Jersey Puerto Rico Alaska Puerto Rico Maryland 2215 2215 2540 3252 2312 2215 3252 2215 0521, 2521, New York New York Baltimore Seattle Philadelphia New York Seattle New York Baltimore 0654, 2652, New Orleans 2530, 2531 2118 2215 2114, 2117 2114, 2117 2215 Charlotte 1243, 3243 2215 2115 1211, 3211 1222, 3220, 3223 3252 2215 Salt Lake City Alaska Puerto Rico 1240, 3240, 0215, 0115, 1210, 3210, 1220, 1223, 3222, 1252, 0215, Nevada 1224, 3224 Los Angeles North Carolina 0530, 2530, 0531, 2531 Charlotte April 8 Easter Monday April 15 April 16 April 22 Massachusetts Patriots’ Day De Diego’s Birthday Puerto Rico New Hampshire Fast Day May 30 Memorial Day New Hampshire July 17 Puerto Rico July 24 Munoz-Rivera’s Birthday Pioneer Day July 25 August 12 September 9 Constitution Day Victory Day Admission Day Puerto Rico Rhode Island California November 29 December 26 Alaska Day Discovery of Puerto Rico Day after Thanksgiving Day after Christmas Federal Reserve Office 0215, 0215, 0540, 1252, 0312, 0215, 1252, 0215, 0520, 2520, 2550 0652, 2650, 2654 0530, 0531, 0118, 0215, 0114, 0117, 0114, 0117, 0215, Louisiana October 18 November 19 Routing Symbol North Carolina Utah Windsor Locks New York Boston Boston New York New York Boston San Francisco Los Angeles Seattle New York
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