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F ederal

reserve

Ba n k

DALLAS, TEXAS

of

Dallas

75222
Circular No. 81-214
November 10, 1981

MUTILATED CURRENCY

TO THE CHIEF OPERATIONS OFFICER
OF THE BANK ADDRESSED IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
The Federal Reserve Bank of Dallas receives many inquires
concerning the proper handling of mutilated currency, i.e., burned currency,
bills with more than one-half missing, etc. In an effort to expedite your
processing and reimbursement for these notes, the procedures established by
the Department of the Treasury for the preparation of mutiliated currency are
printed on the reverse of this circular.
Mutilated currency should be
forwarded to the Department of the Treasury, not to the Federal Reserve
Bank.
Questions regarding these procedures, should be directed to Charles
A. Worley, Head Office, Ext. 4275; Jerry A. Silvey, El Paso Branch, Ext. 265;
Oscar Bryan, Houston Branch, Ext. 71; or Herb Barbee, San Antonio Branch,
Ext. 300.
Sincerely yours,

William H. Wallace
First Vice President

Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank:
1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the
extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

HOW TO PREPARE MUTILATED PAPER CURRENCY TO BE
FORWARDED TO THE BUREAU OF GOVERNMENT FINANCIAL OPERATIONS

Our special examiners are usually able to determine the value of
mutilated currency when it has been carefully packed and boxed as
described below:
1.

Regardless of the condition of the currency, do not disturb
the fragments any more than is absolutely necessary.

2.

If the currency is brittle or inclined to fall apart, pack
carefully in cotton and box it as found, without disburbing
the fragments, if possible.

3.

If the money was in a purse, box or other container when
mutilated, it should be left therein, if possible, in
order to prevent the fragments from being lost or further
deterioration.

4.

If it is absolutely necessary to remove the fragments from
the container, send the container along with the currency
and any other contents found, except as noted in paragraph
8 below.

5. If the money was flat

when mutilated, do not roll or fold.

6. If the money was in a roll when mutilated, do not attesqpt
to unroll or straighten.
7. If coin or any other metal is mixed with the currency, remove
it carefully. Do not send coin in the same package with
mutilated paper currency, as the coin will break up the
currency.
8.

Any fvised, melted, or otherwise "mutilated coin" should be
sent to the United States Assay Office, 32 Old Slip, New York,
New York 10005, for evaluation.

ALL MUTILATED CURRENCY SHOULD BE FORWARDED TO:
Department of the Treasury
Bureau of Government Financial Operations
DCS/BEPA
Room 132 - Treasury Annex No. 1
Washington, D. C. 20226

***We suggest that you use registered mail service, with return
receipt requested, to assure prompt delivery of your currency.***

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