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FEDERAL RESERVE BANK OF DALLAS FISCAL AGENT OF THE UNITED STATES Dallas, Texas, April 15,1941 To all Banking Institutions in the Eleventh Federal Reserve District: There is quoted for your information a letter from Secretary of the Treasury Morgenthau addressed to all Banking Institutions, Members of the Federal Home Loan Bank System, and Other Issuing Agents in the United States: “The banks of the country, and the members of the Federal Home Loan Bank System, have very generously volunteered their services without compensation in connection with our widespread program for defense financing. I should like you to know th at we appreciate very much your willingness to serve and I am sending you this personal mes sage to express my gratitude. “To take advantage of the services so generously offered, I have des ignated all banking institutions throughout the country, and the mem bers of the Federal Home Loan Bank System, and various other instru mentalities as agents for the sale of Defense Savings Bonds of Series E, conditioned on simple requirements for qualifications. Full details are being furnished you by the Federal Reserve Bank of your District. “Supplementing the sale of the Savings Bonds, Defense Postal Sav ings Stamps will go on sale a t approximately 16,000 Post Offices. Our program will be aided if each issuing agency will purchase Defense Postal Savings Stamps from its Post Office and keep them on hand for resale to its customers and others. “It is hoped th at these Defense Savings Bonds and Stamps will be on sale a t Post Offices, Banks, Members of the Federal Home Loan Bank System, and various other Agencies throughout the country beginning the first day of May. “The Bonds and Stamps will give us all a means to take a direct part in building the defenses of our country—an American way to find the billions needed for national defense. “The United States is today, as it has always been, the best invest ment in the world. This is an opportunity for each citizen to buy a share in America.” Yours very truly, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)