The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E SE R V E BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 3 3 2 2 1 L March 19, 1948 J CHANGE IN GROUPING OF WAR LOAN DEPOSITARIES To Member Banks, and Nonmember State Banks and Trust Companies, in the Second Federal Reserve District: Effective March 22, 1948, all war loan depositaries will be divided into two groups, as follows: Group A —All depositaries having war loan balances of $100,000 or less at the close of business March 20,1948. Group B—All depositaries having war loan balances of more than $100,000 at the close of business March 20, 1948. This grouping of depositaries will be continued until further notice, notwithstanding any subsequent changes in the size of the war loan balance of any such depositary. Calls upon banks in Group B will continue to be made from time to time on rela tively short notice in accordance with the Treasury’s requirements for funds, and calls upon banks in Group A will in general be made less frequently. The amount of any call upon war loan balances in Group A banks will be expressed as a percentage of such balances approximately equal to the percentage of balances withdrawn from banks in Group B in the period since the last preceding call on Group A banks. A l l a n S proul , President.