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FEDERAL RESERVE BANK
O F N E W YORK

f Circular No. 2 5 5 6 1
I December 4, 1942 J

NICKELS AND PENNIES
Better Distribution Requested by the Treasury Department

To All Banking Institutions in the
Second Federal Reserve District:

In order to effect a better distribution of nickels and pennies in
the present emergency, the Treasury Department requests all banking
institutions to ship all such coin in excess of absolute needs to the
Federal Reserve Bank of their district. In this connection, the Treasury
Department has recently issued statements to the press urging the
return of coin savings to circulation to ease the production strain on
Mint establishments and to save metals vital to the war by lessening
demand for new coins.
Nickels and one-cent pieces should be sent to us by express collect.




ALLAN SPROUL,,

President.

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