Show NEW NE RULING ON CREDITS IS IN I FORCE HERE I Clearing House Issues Instructions to Mem- Mem Banks following rul rule to go 50 Into Imi Irn- Irn i m mediate effect has been adopted b by bythe the ho Salt Lako Lake City Clearing House lse lion No member bank shall shail credit Its account with out out- town of-town until actual credit has been received by them then and that the tho shall conform with avail avail- schedule In use by the Salt Lake Lako Ct City branch of ot the federal re- re erve servo bank Country correspondents correspond have ha been notified of or this new rule th the notification have been sent tIme schedules which will wm be bo used by the tho banks banka In determining ho tho number of or days das credit will bo ho deferred for lor town out Items The Tho following instructions also have havo been given riven To obtain quickest availability of or funds lunds correspondents are requested to o sort and list Hilt checks In accordance with these schedules with separate cash ash letters for lor separate time lime groups Items may may be deposited unsorted It If f preferred but the longest collection collee- collee tion lon time for lor any of 01 the ha items In one cash letter la is applied to all nil of or tho the Items terns and failure to sort Items terns Into Inlo time tune groups therefore will result In time lo loss s to the depositing banks bank I Advices Advice showing date dat that Items are arc credited will bo mailed on receipt re- re i of or your our remittances Several i advice ad may be bo mailed to you the total of ot which ma may equal tho the amount I of your our letter The Tho receiving hank bank ma may In Its Us discretion send all Items for payment pay ment direct to 10 a n. bank located at al the place where the tho item is payable plIable or oro orto orto to o another agent for lor collection and assumes lS no responsibility for tor the of ot an any of 01 Its Us direct or Indirect Indirect Indi Indi- collection agents and shall shaH be beh beheld h held ld liable Hable only when In actual or solvent credits credit shall have havo como come Into Its Io possession |