Full text of District Notices (Federal Reserve Bank of Dallas) : [Minors to Name Coowner or Beneficiary on War Bonds]

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FEDERAL RESERVE BANK OF DALLAS
F IS C A L A G E N T O F TH E U N ITED S T A T E S

Dallas, Texas, May 20, 1942

To the Employer Addressed:
Under Secretary of the Treasury D. W. Bell has advised
that it has come to his attention that there is quite a general
feeling among employers who have installed the pay roll deduc­
tion plan for the purchase of United States War Savings Bonds
by employees, that a minor employee should not be permitted
to name a coowner or beneficiary.
He further advises that the Treasury does not feel that its
regulations require this attitude and, therefore, that no objec­
tion will be raised to the issue of War Savings Bonds to minors
with the addition of a coowner or beneficiary in cases where
the purchase is made by the minor from his wages or earnings.

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)