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F E D E R A L R E S E R V E B A N K O F S T. L O U IS S t . L o u is 2, M is s o u r i M ay 26, 1953 To All Member Banks in the Eighth Federal Reserve District: In keeping w ith our policy of holiday observance, the Check Collection D epartm ents of this Bank and its Branches a t Little Rock, Louisville and M emphis will not operate on Saturday, May 30, and S aturday, July 4. T he S aturdays mentioned should not be treated as business days in calculating the availability of deferred credit items. DELOS C. JOHNS President