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FEDERAL RESER VE BANK
O F NEW YORK
Fiscal A gen t of the United States
J"Circular N o. 3 8 2 7 "I
L February 29, 1952 J

DEPOSITS OF MARCH TAX COLLECTIONS IN TREASURY TAX AND LOAN ACCOUNTS
To All Banks and Trust Companies in the
Second Federal Reserve D istrict:

The Secretary o f the Treasury has announced that collectors o f internal revenue have
been instructed to deposit with Federal Reserve Banks, during the period March 1 through
April 5, 1952, all remittances (except savings notes) o f $10,000 or more submitted in pay­
ment o f individual or corporate income taxes, excess profits taxes, interest, or penalties,
including deficiencies and payments of estimated taxes. These instructions will enable banks
qualified as Special Depositaries o f Public Moneys to receive these remittances fo r deposit in
their Treasury Tax and Loan Accounts.
The Treasury will decide from time to time whether to make withdrawals from funds
arising from March tax payments or from other funds accumulated in the Tax and Loan
Accounts, basing its decision on the Departm ent’s financing needs and the condition of the
money market at the time.
W e will prepare daily a special form o f cash letter, and an attached certificate form,
fo r the March tax collections. Until further notice, the amount shown in the certificate will
be fo r 100 per cent o f the amount of those checks eligible for credit to Treasury Tax and Loan
Accounts. Special depositaries, wishing to accept funds equal to the amount o f the cash letter
fo r deposit in their Treasury Tax and Loan Accounts, should execute and return the certificate
attached to the cash letter, in accordance with the instructions contained in the letter.
To carry out the Treasury Department policy, described in our Circular No. 3824, dated
February 25, 1952, concerning the redemption of Treasury Bills, Tax Anticipation Series,
maturing March 15, 1952, and Treasury Savings notes, the amount o f the certificate attached
to the special cash letter will not include those checks o f $10,000 or more drawn on funds that
arose from the redemption o f the Tax Anticipation Series Treasury bills or unmatured
Treasury Savings notes. However, deduction from the cash letter will not be made in com­
puting the amount to be withheld from deposit in Treasury Tax and Loan Accounts, if a
depositary presenting Treasury Bills, Tax Anticipation Series, due March 15, 1952, fo r cash
redemption for its own account, certifies that
(1) The bills were acquired by purchase prior to February 25, 1952, and were
held continuously until date o f maturity, or
(2) They were acquired on and after February 25, and payment o f the purchase
price was not credited in a customer’s deposit account on its books.
A request by a bank or trust company to redeem Treasury Bills, Tax Anticipation Series,
maturing March 15, 1952, should be made on Form G. B. 550, a copy o f which is enclosed.
Additional copies o f this circular and of the enclosed form will be furnished upon request.




A

llan

S proul,

President.

C.B. 530

(S U B M IT W I T H D U P L IC A T E W H I T E C O P Y )

REQUEST BY A BANK OR TRUST COMPANY FOR REDEMPTION OF TREASURY BILLS,
TAX ANTICIPATION SERIES, DUE MARCH 15, 1952

Date........................................................................... , 1952
F

ederal

R

eserve

B

a n k of

N

ew

Y

ork,

Fiscal Agent of the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y .
Attention: Government Bond Department— 2nd Floor
The undersigned herewith presents and surrenders for redemption
TR EASU R Y BILLS, T A X AN TICIP ATIO N SERIES
Dated October 23, 1951

Due March 15, 1952

1. For own account (certification below applies)............................................................................................ ... $.
2. For own account (acquired on and after February 25, 1952 and payment of purchase price
credited on our books in the deposit accounts of the customers shown on the reverse side of
this f o r m ) .......................................................................................................................................................... ... $.
3. For our customers as shown on reverse side of this fo r m ............................................................................ $.
Total amount............................ ... $.
Description of Bills Surrendered
Pieces

Denomination

Face amount

L ist serial numbers
( I f space is not sufficient, use back o f form .)

$

1,000

5,000

/

10,000
100,000

500,000
1 ,000,000

Total
C A U T IO N

C E R T IF IC A T E

As a protection to the sender,
shipments of bills by mail should
be registered and insured.

The undersigned hereby certifies that the -bills presented, as indi­
cated in item 1 above, are presented for cash redemption for its
own account and were acquired by purchase prior to February
25, 1952 and were held continuously until date of maturity or
that they were acquired on and after February 25 and payment
of the purchase price was not credited in a customer’s deposit
account on our books.

P A Y M E N T INSTRUCTIONS
]

By check

]

By credit to reserve account

(F o r use o f F ed eral R eserve Bank o f N ew Y o r k )
lleceivdd

(Name)

----------------------------(Street Address)

Securities verified
and recorded
----------------------------(City, Zone No., and State)
Paym ent p re p a re d ----------------------------P aym ent c h e c k e d -----------------------------




By...............................................................................................
(Official Signature and Title Required)

List of customers to which items 2 and 3 on the reverse side apply
Am ount




Name and address o f custom er
(P lea se print o r use typew riter)

D E N O M IN A T IO N S A N D S E R IA L N U M B E R S O F B O N D S S U R R E N D E R E D

G.B. 550

(D U PLIC A TE COPY FOE USE OF FED ERAL RESERVE B A N K OF N E W Y O R K )

REQUEST BY A BANK OR TRUST COMPANY FOR REDEMPTION OF TREASURY BILLS,
TAX ANTICIPATION SERIES, DUE MARCH 15, 1952

Date...............................................
F

ederal

R

eserve

B

a n k of

N ew Y

1952

ork,

Fiscal Agent of the United States,
Federal Reserve P. O. Station,
New York 45, N. Y .
Attention: Government Bond Department— 2nd Floor
The undersigned herewith presents and surrenders for redemption
TREASUR Y BILLS, T A X AN TICIP ATIO N SERIES
Dated October 23, 1951

Due March 15, 1952

1. For own account (certification below applies)............................................................................................

$.

2. For own account (acquired on and after February 25, 1952 and payment of purchase price
credited on our books in the deposit accounts of the customers shown on the reverse side of
this f o r m ) ..........................................................................................................................................................

$.

3. For our customers as shown on reverse side of this f o r m .........................................................................

$.

Total amount............................

$.

Description of Bills Surrendered
Face amount

Denom ination

Pieces

L ist serial numbers
( I f space is not sufficient, use back o f form .)

$

1,000

5,000
10,000
100,000

500,000
1 ,000,000

Total
C A U T IO N

C E R T IF IC A T E

As a protection to the sender,
shipments of bills by mail should
be registered and insured.

The undersigned hereby certifies that the bills presented, as indi­
cated in item 1 above, are presented for cash redemption for its
own account and were acquired by purchase prior to February
25, 1952 and were held continuously until date of maturity or
that they were acquired on and after February 25 and payment
of the purchase price was not credited in a customer’s deposit
account on our books.

P A Y M E N T INSTRUCTIONS
]

By check

]

By credit to reserve account

( F o r use o f Federal R eserve Bank o f N ew Y o r k )
R eceived

(N a m e )

----------------------------(S t r e e t A d d r e s s)

Securities verified
and recorded
----------------------------( C i t y , Z o n e N o ., a n d S ta te )

Paym ent prepared

Bv
Paym ent checked




(O ffic ia l S ig n a tu re and T it le R e q u ir e d )

List of customers to which items 2 and 3 on the reverse side apply
Am ount




Name and address o f custom er
(P lea se print or use typew riter)

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iG 3 fi

•••
•
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D E N O M IN A T IO N S A N D S E R IA L N U M B E R S O F B O N D S S U R R E N D E R E D

f f l T 2 3 IIQ 3 J

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