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FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 2 6 2 9 1
L
May 20, 1943 J

HANDLING GOVERNMENT CHECKS
DRAWN "THROUGH" FEDERAL RESERVE BANKS

To the Member and Nonmember Clearing Banlcs
of the Second Federal Reserve District :

Arrangements have been made between the Treasurer of the United States and
Federal Reserve Banks whereby certain checks drawn on the Treasurer of the United
States will be drawn with a legend on their face " Through Federal Reserve Bank of
designating a particular Federal Reserve Bank.

These checks will

be issued in "punched-card" form so that they may be sorted and tabulated by machine.
Such checks drawn on the Treasurer of the United States " T h r o u g h " a Federal
Reserve Bank designated on the face of the check will be received by Federal Reserve
Banks and Branches from member banks and nonmember clearing banks in their districts,
for immediate credit subject to payment in accordance with the provisions of the cash
collection circulars and time schedules of the Federal Reserve Banks.
Accordingly, the Federal Reserve Bank of New York, including its Buffalo Branch,
will receive for immediate credit, subject to payment in accordance with the provisions
of its cash collection circular and time schedules, checks drawn on the Treasurer of the
United States " T h r o u g h " the Federal Reserve Bank of New York or " T h r o u g h " any
other Federal Reserve Bank. Member banks and nonmember clearing banks in the Second
Federal Reserve District should send all such checks to the Federal Reserve Bank of New
York, and should not send direct to Federal Reserve Banks of other districts checks drawn
" T h r o u g h " such Federal Reserve Banks.




ALLAN

SPROUL,

President.

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