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F E D E R A L R E S E R V E BAN K O F N EW Y O R K Fiscal Agent of the United States r Circular No. 5 2 4 7 ~I L October 30, 1962 J TREASURY T A X AND LOAN DEPOSITARIES Groups A and B Reclassified As of November 1, 1962 To A ll Treasury Tax and Loan Depositaries in the Second Federal Reserve District: The Treasury Department has authorized each Federal Reserve Bank to reclassify the Treasury Tax and Loan Depositaries in its District, other than those having total deposits of $500,000,000 or more (Group C), into Groups A and B as of Novem ber 1, 1962, upon the basis of each such depositary’s average daily balance in its tax and loan account for the period July 1 through September 30, 1962. A depositary with an average daily balance of $200,000 or less for the period is to be placed in Group A, and a depositary with a balance of more than $200,000, in Group B. In an accompanying letter, we are notifying each depositary of its group classifi cation as of November 1, 1962. The new A and B groupings will be continued until further notice, notwithstanding any subsequent increase or decrease in the Treasury Tax and Loan Account balance of any depositary. A lfred H a ye s, President.
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