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• 1 BOARD OF GOVERNORS OF" THE FEDERAL RESERVE SYSTEM R-853 WASHINGTON ADDRESS OF"F"ICIAL CORRESPONDENCE TO THE BOARD • July 3, 1941 Dear Sir: There is enclosed a cop,y of a letter, dated .Tune 27, 191,1, which the Board has received from the Treasury Departmont, transmltting a. copy of Report No. 709 of the House of Representntiv3s, dated June 2, 1941, with respect to the destruction of certain Fiscal Agenqy records, and a form for reporting to the Treasury Archivist the disposition made of the records on the list. Any questions regarding the disposition of the useless r1Jcords should be taken up with the Treas1U'Y Department. S. R. Carpe tor, Assistant Secreta...ry. Enclosures (House of Representatives Roport sent only with addressed c;opi<:1S) TO THE PRESIDEN'rS OJi' ALL FEDERAL RESERVE BANKS • R-853-a TREASURY DEPAR.TMENT Washington June 27, 1941 AUTHORIZATION FOR THE DISPOSITION OF USELESS RECORDS TO: Board of Governors of the Federal Res0rve System Attention: Division of B~nk Operations Pursuant to the terms of the act of August 5, 1939, concerning the disposition of certain reeords of the United Sta.tes Government, permission has been gr&.ntc~d in House Report No. 709, 77th Congress, lst Session, dated JmlC 2, 1941, for the disposition of the records described in the following list of useless papers: Federal Reserve Banks as Fiscal Agents - Form A October 24, 1940 Unde1~ the terms of section 5 of the act of August 5, 1939, disposition may be made ~~ one of the following methods: (a) By sale, upon the best obtainable terms after due (b) (c) ISt causing them to be destroyed; By transfer (without CO'::t to the United States Gov- publication of notice inviting proposals therefor; ernment) to any State o:c depeadency of the United States of Arnerica or to a.ny appropriate educational institution, library, museum, historical, research, or patriotic organization therein, that has made application ->,:-l* therefor, through the Archivist of the United States. You are hereby instructed to dispose of the records described in the list referred to above, b.r one of the methods indicated in the preceding paragraph. Records containing confidential information should not be disposed of by sale as waste paper unless their character as records has been destroyed, hor should they be transferred to another institution without the consent of the Administrative Assistant to the Secretary. If records are to be transferred to another institution pursuant to an application received through the Archivist of the United States, arrangements for such transfer t:Jhould be made through the Treasury ~xchivist. 2 -2- R-853-a If records are to be sold, a separate account should be kept of the cost of the sale and-the amount of the v~chase price received, and the mone,ys derived,from the sale should be paid into the Treasury of the United' States. A report of the disposition of the records on the list indicated above should be made on the attached form in duplicate, and should be submitted to the Treasury Archivist not later than August 15, 1941. , {Signed) c. R. Scnoenema,n :Acting Administrative Assistant to the Secretary .. - 3 R-853-b REPORT OF THE DISPOSITIQN OF USELESS F.ECORDS To the Treasury Archivist: The records described in the follO'wing list: Federal Reserve Banks as Fiscal Agents - Form A October 24, 1940 approved for di::;position by authority of House Report No. 709, 77th Congress, 1st Session, dated June 2, 1941, have bf.;en disposed of by the following method (except as indicated under the item "Remarks" below): _ B".r sale : Cost of sal0: Purchase Price: B<J destruction: By transfer to (Indicate manner of destruction) --------(.,..n_a_n-te,_o_f_'_i_n_s-ti, tu tion) (post-office address) Date of disposition: Remarks: Field Office Form 4