The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
IRANSFER H W i/ J FED ER AL RESERVE B A N K O F S T. LO U IS S t . L o u is 2 t M is s o u r i July 15, 1949 To A ll Member B anks in the Eighth Federal Reserve D istrict: In our letter of M ay 6 you were informed th a t, under the provisions of a recently enacted law, nearly all banks in Minneapolis, St. Paul, and D uluth would remain closed on Saturdays, b u t th at the Federal Reserve Bank of Minneapolis would remain open on Saturdays for the conduct of essential banking functions. We have now been informed th a t the Federal Reserve Bank of Minne* apolis will also be closed on Saturdays commencing on S aturday, July 16, 1949. I t will, however, handle deferred credit items on Saturdays. C H E ST E R C. DAVIS President