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federal

R e s e r v e Ba n k

of

Dallas

F IS C A L A G E N T O F T H E U N IT E D S T A T E S
D A L L A S ,T E X A S

75222

Circular No. 72-228
October 11, 1972

To the Paying Agent Addressed:
This refers to the processing of United States Savings
Bonds of Series E and Savings Notes redeemed by your institution.
At present we are crediting a correspondent member bank
by name for the account of those paying agents who desire to re­
ceive credit for their redemptions through their correspondent.
In the near future, we will change our procedure and credit the
correspondent bank for the account of the paying agent by use of
an 8-digit code number assigned to the correspondent bank. The
code number of the correspondent member bank designated by the
paying agent will be printed on all paid bond transmittal letters,
Form PD 2639? which we furnish paying agents.
In order that we may make the necessary changes in our
records,please complete the enclosed Form FA 939 and return it to
us as soon as possible. The completed card should show the name
and location of the member bank which you wish to act as your cor­
respondent, and should be officially signed. Since we will be
processing your paid bond transmittal letters by use of a number
instead of a name, it will be essential that you notify us imme­
diately in the event you change correspondent banks in order that
we may furnish you transmittal letter forms with the number of the
new correspondent printed thereon.
With respect to those paying agents who are receiving
payment by Treasury check, it is suggested that they arrange to
obtain credit for their paid bonds through a correspondent member
bank. This will reduce the processing time and provide an im­
proved service to the paying agents. Agents desiring to continue
receiving payment by Treasury check should nevertheless amend the
enclosed Form FA 939 accordingly and return it to us.

Fiscal Agency Department
FEDERAL RESERVE BANK OF DALLAS

Enclosure

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

F ro m :

To: Federal Reserve Bank, Dallas, Texas

Y ou are a u t h o r i z e d t o d e b i t and c r e d i t our a c c o u n t wi t h t he
_______________________________„ ___ ________ .____ _______________ for paid
(M ember Dnnk)

bond transmittal letters and adjustments.

FA 939

------------------------------------n—n O -------------------- —
(O fllcinl S lji n tu
^

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