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F E D E R A L R E S E R V E BANK
OF NEW YORK
Fiscal A g e n t of the U n i t e d States
r Circular N o . 2 9 5 1 1
L
M a y 31, 1945
J

REPORTING

OF C U R R E N C Y
ON FORM

TRANSACTIONS

TCR-1

To Financial Institutions in the
Second Federal Reserve
District:

The following instructions are transmitted to you by direction of the Secretary of the
Treasury:
U N I T E D S T A T E S T B E A S U R Y DEPARTMENT
O F F I C E OF T H E

May

21,

SECRETARY

1945

Instructions to Financial Institutions in the United States
Pursuant to Section 5 ( b ) of the A c t of October 6, 1917 (40 Stat. 4 1 5 ) , as amended, and other
authority vested in me by law, the following instructions are prescribed:
( 1 ) Commencing with transactions occurring in the month of June, 1945, every financial institution in the United States shall file monthly reports on F o r m T C R - 1 concerning each deposit or withdrawal. or other payment or transfer, effected by, through, or to such financial institution which involves
United States currency in amounts or denominations which, in the judgment of the financial institution exceed those commensurate with the legitimate and customary conduct of the business, industry,
or profession of the person or organization concerned. The fact that a transaction involves $1,000 or
more of United States currency in denominations of $50 or higher, or involves $10,000 or more of United
States currency in any denominations shall be deemed to necessitate the filing of a report on F o r m
T C R - 1 , unless in the j u d g m e n t of the financial institution the transaction is commensurate with the
legitimate and customary conduct of the business, industry, or profession of the person or organization
concerned.
( 2 ) Reports on F o r m T C R - 1 shall be filed in duplicate, on or before the 15th day of the month
f o l l o w i n g that in which the reported transactions occur, with the Federal Reserve Bank of the district
in which the reporting financial institution is located. A l l information called f o r in such f o r m shall
be furnished.
( 3 ) X o financial institution shall effect any transaction with respect to which a report is required
unless the person or organization with whom such transaction is to be effected has been satisfactorily
identified.
( 4 ) A s used herein " p a y m e n t or t r a n s f e r " shall include exchange of c u r r e n c y ; and " f i n a n c i a l
i n s t i t u t i o n s " shall mean banks, trust companies, savings banks, private bankers, investment bankers,
building and loan associations, securities and commodities brokers, and currency exchanges and other
persons or organizations engaged primarily in cashing checks and exchanging currency.
H . M O R G E N T H A U , Jr.,
Secretary
of the
Treasury

A n initial supply of Form TCR-1 referred to in the above instructions is enclosed. Financial
institutions located in the territory assigned to our Buffalo Branch are requested to send reports
on Form TCR-1 directly to Buffalo Branch, Federal Reserve Bank of New York, Buffalo 5, N. Y.*
Requests for additional copies of Form TCR-1, and of this circular, should be addressed to
our head office.
ALLAN

SPROUL,

President.
* Thq territory assigned to oar Buffalo Branch comprises the following ten westerly counties of the State of New York:
Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Livingston, Monroe, Niagara, Orleans, and Wyoming.




UNITED STATES
TREASURY DEPARTMENT

(5*45)

FORM TCR-t: R E P O R T O F C U R R E N C Y T R A N S A C T I O N S
Pursuant

to

Instructions

United
Part

A.

FINANCIAL

1.

INSTITUTION

to F i n a n c i a l
prescribed

REPORTING.

May

Institutions
21,

in

the

1945

*

Name

2.

States

Address
(Number)

Part

B.

PERSON

1.

ORGANIZATION

(City)

CONCERNED

IN

(State)

TRANSACTIONS

REPORTED.

Name

2 .

OR

(Street)

Addres
(Number)

p.

Business,

Part

C.

1.

(Street)

profession,

TRANSACTIONS

Description

of

or

S.

Currency

of

the

reasons

reporting, the transactions
conduct

Part

U. S .

why,

Currency

Amount i n
denominat ions
o f $50 o r
higher

Date
Total
Amount

in

the

judgment

of

exceed those c o m m e n s u r a t e with the

the

involved

financial

legitimate

institution

and

o f t h e b u s i n e s s , i n d u s t r y , o r p r o f e s s i o n o f t h e p e r s o n or o r g a n i z a t i o n

D.

customary
concerned.

CERTIFICATION.
I

institution
report

involved

Amount i n
denominat ions
o f $50 o r
higher

Total
Amount

statement

occupation

REPORTED.

Date

Full

(State)

transactions.
U.

2.

(City)

is

certify
named

true

and

Dated

that

in

I am

Part

A

a u t h q r i z e d t o m a k e thi s r e p o r t o n b e h a 1 f

a b o v e and that to the

best

of

my

knowledge

of

the

and

financial

belief

this

accurate.
194-..
(Signature

INFORMATION

TO REPORTING

INSTITUTIONS

of

authorised

agent)

•

Reports > h a l l be f i l e d in d u p l i c a t e , on or b e f o r e the 1 5 t h day of the month f o l l o w i n g that
in which the reported t r a n s a c t i o n s
occur, with the Federal Reserve Bank of the d i s t r i c t in which
the r e p o r t i n g f i n a n c i a l i n s t i t u t i o n i s l o c a t e d .
Copies of t h i s form and the i n s t r u c t i o n s of May 21.
1945 may be
 obtained from any Federal Reserve Bank.



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