Bulletin No. 6 - Page Two
CHANGE OF BANKING HOURS
It is my information that the members of the greater Miami Clearing House Association have agreed upon banking hours of from 9:30 to 2 on five days and from 9:00 to 12 on Saturdays. The Palm Beach and West Palm Beach banks observe the hours of 10 to 12 five days and 9:30 to 12 on Saturdays. I also understand that quite a number of banks are contemplating going on a basis of 9:00 to 1:00 for five days and 9:00 to 12 on Saturdays. Please advise me immediately your bank's plans if you contemplate changing your hours.
A. B. A. ACTS TO RAISE MINIMUM FOR PROTESTED CHECKS
In a communication dated Oct. 27, 1939, Frank W. Simmonds, Senior Deputy Manager of the American Bankers Association, advised: "Following a survey wherein it was shown that a large majority of banks throughout the country favored raising the minimum on items subject to protest, you were informed on July 17, 1939, of the recommendation of the Bank Management Commission that banks alter their practice with respect to protecting checks by lifting the minimum from $10.01 to $50.01, that is to say that hereafter banks abstain from protesting items of $50.00 or less. Since that date, many clearinghouse associations have acted favorably on this recommendation."
"The commission was informed, however, that in order to facilitate the changing of the Federal Reserve collection rules to conform to its recommendation, it was desirable for the banks to express their wish for the change through formal action by the American Bankers Association."
"The Executive Council of the Association therefore adopted a resolution at the Annual Convention in Seattle, recommending this change, a copy of which as sent to each Federal Reserve Bank."
The Executive Council of the Florida Bankers Association at its meeting in Miami went on record approving this change.
THE MARCH OF PROGRESS
The Alfred I. DuPont Building in Miami, which was officially opened on October 23rd, is truly a monument, and the banking quarters of the Florida National Bank & Trust Company, on its second floor, would do credit to any of the financial centers of America.
The First National Bank of Miami has recently been air-conditioned and remodeled throughout.
The St. Lucie County Bank, at Forts Pierce, is extending its banking quarters and will have a fine room for its bookkeeping department, its directors; and will also have a new storage vault.
State Archives of Florida: Series 368, Box 91, Folder 5
The bulletin states that banks of Florida will observe both November 23 and November 30 as Thanksgiving holidays so that there is uniformity across the state.
November 10, 1939
In 1939, President Franklin D. Roosevelt issued a proclamation moving the Thanksgiving holiday from the last Thursday of November to the second to last Thursday of the month to extend the holiday shopping season. The holiday was changed from November 30, the last day of the month, to November 23. Thirty-two states issued similar proclamations, but 16 states refused to make the change. Florida Governor Fred P. Cone decided not to move the date forward and left the holiday on its traditional day. The governor's decision received both praise and opposition, with many wanting to keep with tradition, while others criticized the governor for creating confusion throughout the state. Many Florida organizations chose one date to celebrate the holiday, while others recognized both days as Thanksgiving. The dispute remained unresolved in 1940 and 1941. The issue was finally settled on December 26, 1941, when President Roosevelt signed a joint resolution declaring the fourth Thursday in November as the Federal Thanksgiving Day holiday.