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FEDERAL RESERVE BANK OF NEW YORK f l J - ' > Jof March 21, 1986 NONSTANDARD HOLIDAYS To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: 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 nonstandard holidays for the remainder of 1986, and the routing symbols in volved, is printed on the reverse side of this notice. 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) C athy E. M i n e h a n , Vice President. (O VER) Schedule off Numstaedard Holidays March 1 through December 31, 19§6 Date o f Holiday March 28 March 31 Name o f Holiday StatelTerritory Affected Routing Symbol Federal Reserve Office Connecticut 0111, 0119, 0211, 2111, 2211, 2219 Windsor Locks Puerto Rico 0215, 2215 New York U .S. Virgin Islands 0216, 2216 New York Maryland 0520, 0521, 0550, 2520, 2521, 2550 Baltimore Louisiana 0652, 0654, 2650, 2652, 2654 New Orleans Easter Monday North Carolina 0530, 2530, 0531, 2531 Charlotte* Seward’s Day Alaska 1252, 3252 Seattle Good Friday April 16 De Diego’s Birthday Puerto Rico 0215, 2215 New York April 21 Patriots’ Day 0110, 0113, 2116, 2113 Boston 0118, 2118 Windsor Locks Maine 0112, 2112 Lewiston Massachusetts April 28 Fast Day New Hampshire 0114, 2114, 0117, 2117 Boston May 30 Memorial Day New Hampshire 0114, 2114, 0117, 2117 Boston M y 17 Munoz-Ri vera’s Birthday Puerto Rico 0215, 2215 New York July 24 Pioneer Day Utah 1240, 1243, 3240, 3243 Salt Lake City July 25 Constitution Day Puerto Rico 0215, 2215 New York July 28 Barbosa’s Birthday Puerto Rico 0215, 2215 New York August 11 Victory Day Rhode Island 0115, 2115 Boston October 17 Alaska Day Alaska 1252, 3252 Seattle November 4 Election Day New Hampshire 0114, 2214 0117, 2217 Boston Vermont 0116, 2216 Boston New Jersey 0212, 2212 Cranford* 0312, 2312 Philadelphia November 19 Discovery of Puerto Rico Puerto Rico 0215, 2215 New York November 28 Day after Thanksgiving Nevada 1224, 3224 Los Angeles December 26 Day after Christmas North Carolina 0530, 2530, 0531, 2531 Charlotte* * All of the depository financial institutions served by this Office will be closed in observance of this holiday. In all probability, all cash letters sent to this Office via consolidated shipments or direct sends will be deferred. Further details will be announced in our Consolidated Memoranda.
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