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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.