Full text of Mimeograph Letters and Statements of the Board : Answers to Questions Put by Counsel to Commissioner of Internal Revenue, Number 212, Volume 1, Page 364

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TREASURY DEPARTMENT
Washington,April,23,1915
Office of
Commissioner of Internal Revenue

M. C. Elliott, Esq.,
Counsel, Federal Reserve Board,
Treasury Department,
Washington, D* C.
S I R ;
This office is in receipt of your letter of the
17th instant propounding a number of inquiries concerning
the application of the Act of October 22, 1914, to various
documents required under t h e ‘
operations of the Federal
Reserve Act*

Answers follow herewith numbered in accord­

ance with the numbers given by ycu'to tho questions con­
tained in your said letter.
(1)

While this office understands them to be

required by express provision of the Federal Reserve Act,
certificates made to the Comptroller of the Currency by
Federal Reserve Banks showing increases or decreases in
capital stock, appear to fall directly within the exemption
contained in the paragraph of T. D. 2087

issued by this

office, entitled "Certificates for use of the Government,"
covering among other documents "Reports made to the Comp­
troller of the Currency."

It is therefore held that no tax

stamps are required on these certificates.
(2)

Certificates net required by any express

provision of la., but merely under the regulations of the