The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
48 BOARD OF GOVERNORS R-964 Or THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE BOARD February 24, 1942 Dear Sir: There is enclosed for your information a copy of a letter dated February 14, 19h2, from the 'rh::.rd / Assistant Postme.ster General to the Postmaster at Dallas, Texas, regarding the collection of certain postal money orders by the Federal Reserve Banks. Vary truly yours, E. L. Smead, Chief, Division of Bank Op0rations. Enclosure TO TH.t:: :e.RESIDENTS OF ALL FED;.;;RAL RESERVE B.A.NKS (~nclosures with addressed copies only) c 0 I' 49 y February lh, 1942 Postzne.ster, Dallas, Texas. My dear Sir: The Treasury Department has today informed this Bureau that your office has refused pay.nent to the Federal Reserve Bank of D~llas on money orders ~ndorsed in favor of agents of the Federal Government. In the letter to you of Jb.Iluary 15th the expression was used "raon•.;y orders issued to pa:-i obligations to th..: Federal Govornm.:mt". It was not intended, however, to limit thG payment to those which were r:;;gula.rly 'issued in favor of u Federal activity. sinoo it me.y frequently occur that pJrsons in whos~ favor monuy orders have been dr~wn will ondorso thorn to a.g~nts of tho United States. It is usked, therefore, that money orders dravm on other offic-9s which hava be;,;;n ust:~d oi thor through original is suo or endors·;;ment to dis• charge a Government obligution, be paid to tho Fedor~l R3• serve Bank at full face value and the rnoney order treated as proscribed in my letter of January 15. Vory truly yours, · .fhird Assistant .t'ostmast:~r Goner&l.
@FedFRASER