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FE D ERAL R E SE R V E BANK
OF N E W YORK
Fiscal A gent of the United States

I" Circular No. 3 3 8 2 'l
L September 24, 1948 J

CHANGE IN GROUPING OF WAR LOAN DEPOSITARIES

To M ember BanTcs, and Nonmember State B anks and Trust Companies,
in the Second F ed eral Reserve D istrict:

Effective Septem ber 27, 1948, all war loan depositaries will be divided into two
groups, as follow s:
Group A— A ll depositaries having war loan balances of $100,000 or less at
the close of business Septem ber 25, 1948.
Group B — A ll depositaries having w ar loan balances of more than $100,000
at the close of business Septem ber 25, 1948.
T his 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 T rea su ry ’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such balances approxim ately equal to the percentage of balances withdrawn from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 lla n S pro u l ,

P resident.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102