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FEDERAL RESERVE BANK
O F N E W YORK
Fiscal Agent of the United States

r Circular N o . 2 6 5 2 " 1
t
July 16, 1943
J

To all Banks and Trust Companies
in the Second Federal Reserve District:

Advice has been received from the Treasury Department to the
effect that any bank which is qualified as a Depositary for Withheld
Taxes may, in lieu of making payment to another depositary bank
qualified for the same purpose, deposit taxes withheld by it from wages
of its own employees directly to the credit of the special Withheld Taxes
account maintained on the books of such depositary in accordance with
Treasury Department Circular No. 714. In any such case the depositary
will issue to itself, as employer, an appropriate depositary receipt on
the official form (Form No. 410).




ALLAN

SPROUL,

President.

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