The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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in Group A banks will be expressed as a percentage of such balances approxim ately equal to the percentage of balances withdrawn from banks in Group B in the period since the last preceding call on Group A banks.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.