The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF N EW YORK Fiscal A gen t of the United States * ["Circular No. 3 4 9 3 T L September 13, 1949 J CHANGE IN GROUPING OF WAR LOAN DEPOSITARIES To Member Banks, and Nonmember State Banks and Trust Companies, in the Second Federal Heserve D istrict: Effective September 19, 1949, 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 September 17, 1949. Group B—All depositaries having war loan balances of more than $100,000 at the close of business September 17, 1949. 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in Group A banks will be expressed as a percentage of such balances approximately equal to the percentage of balances withdrawn from banks in Group B in the period since the last preceding call on Group A banks.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 llan S proul, President. FEDERAL RESERVE BANK OF N E W YORK September 14, 1949. To all Banking Institutions in the Second Federal R eserve District: We are pleased to announce that Bank of Philadelphia, Philadelphia, New York, has become a member of the Federal Reserve System effective September 14, 1949. A llan S proul, President.