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-; .. FEOERAL RESERVE BOARD WASHINGTON . £,.;a.cch J. 51 1 j2::::. Stc:tem(mt :i..ssued by Secretary of Treasury SUBJECT~ - Dear Sir: There is. transmitted her~with 1 for your information1 copy of a statement issued to the Press today by the Secretary of the Treasury 1 with reg'"rd to payments of gold certificates. Very truly yours, G o v e r n o r. Enclosure. GOVERNORS OF ftLL F. R. BANKS COPIES TO CH.ft Il1.MEN. "i·~) FCR RELEASE, MORNING PPPERSJ TREASURY DEP Jl RTMENT. Saturday, Murch 18, 1922., ST,~Tm.IENT BY SECR2T/~.Y MELI.ON. The Secreta.ry of the Treasury announces that the Treasur:r has now resumed payments of gold. certificates in ordinary co1.:rse of business without dem<md 1 and that the Federal Reserve Banks throughout the country ;;;ill be guided by a similar policy in making current payments for Government account. This action removes the last artificial restriction upon gold payments in this country, though gold has at all times during and since the war been freely ' paid out by the Trear,ury and the Federc:.l Reserve Bar"ks ·.vhenever demanded in payment of gold oblig~tions.
@FedFRASER