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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, August 25,1942

INSTRUCTIONS TO QUALIFIED ISSUING AGENTS OF UNITED STATES WAR SAVINGS
BONDS, SERIES E

APPLICABILITY OF THESE INSTRUCTIONS
These instructions apply to all designated issuing agents which are qualified under certificate 385,
385-A, 385-B or 385-Sec. All instructions issued to the applicable agents prior to August 25, 1942 are
hereby amended. These instructions do not apply to those agents qualified on a prepayment basis.
ISSUING BONDS
All War Savings Bonds, Series E, are to be sold and issued pursuant to provisions of Treasury
Department Circular No. 653, revised, and the proceeds therefrom are to be remitted in accordance with
the provisions of Treasury Department Circular No. 657, as amended, or instructions issued from time
to time by this bank.
A material error, such as in the name of the owner, coowner, or beneficiary, in the month or year
of issue, or in the date stamp, must not be corrected by erasure, for the reason that upon presentation
for redemption, possibly years later, the owner might be required to establish who was responsible for
the erasure and why it was made. The erasure might be considered as evidence of an attempt to transfer
ownership or obtain earlier maturity. An error in address is not considered material because it would
not hinder redemption of the bond.
Individual application Forms PDE 1686 for bonds of Series E will be provided upon request. This
form and the duplicate stub should be retained by the issuing agent as a record of the transactions.
Issuing agents should indicate on applications for bonds the date of receipt.
Issuing agents should issue bonds in numerical sequence.
The bond and two registration stubs, before separation, should be inscribed in one operation by
typewriter, after inserting carbon paper between the bond, the original stub, and the duplicate stub.
Only this method, or by use of addressing equipment, can it be assured that the inscription on all three
is absolutely the same.
The original stubs are prepunched for machine accounting, consequently, they must not be pinned,
stapled, punctured on a spindle, or otherwise perforated or cut. The stubs should be kept flat and not
folded. They may be held in groups by rubber bands. The left margin of the stub should be removed at
the perforation and discarded.
The following steps are necessary in the issuance of the bonds:
(a) Inscribe name(s) and post office address (es) of registered owner (or owners) (or beneficiary)
in the space provided on the bond and stubs.
(b) Type issue date (month and year) in the space indicated in the upper right portion of the bond.
The issue date should be the first day of the month in which the application, accompanied by remittance,
was received by the qualified issuing agent.
(c) Imprint name of issuing agent and actual date of issue (current date) in the space indicated by
a circle on the bond and on each stub, using the authentication and date stamp furnished for that purpose.
(d) Notwithstanding the provision for signature on the original and duplicate registration stubs,
no signature need be affixed, and a legible imprint of the authentication and date stamp on each stub as
provided under (c) above will be accepted as sufficient validation.
IMPORTANCE OF CORRECT INSCRIPTION
It is important that each bond issued be inscribed in the correct legal name(s) of the individual (s)
concerned. An erroneous inscription may cause considerable inconvenience, consequently, the instruc­
tions herein should be carefully read and followed.

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

AUTHORIZED FORMS OF INSCRIPTION
War Savings Bonds of Series E may be registered only in the names of natural persons (that is,
individuals) whether adults or minors, in their own right. Only residents of the United States, including
its territories and insular possessions, the Canal Zone and the Philippine Islands, and American citizens
temporarily residing abroad, may be named as owners, coowners or designated beneficiaries, as follows:
ONE PERSON
(a) In the name of one person, for example:
John A. Jones
715 E. Main Street
Blankville, Texas
TWO PERSONS (AS COOWNERS)
(b) In the names of two persons (but not
more than two), for example:
John A. Jones
or
Mrs. Ellen S. Jones
751 E. Main Street
Blankville, Texas

ONE PERSON (WITH ONE BENEFICIARY)
(c) In the name of one person payable on death to one
(but not more than one) designated person, for ex­
ample :
John A. Jones
651 E. Main Street
Blankville, Texas
Payable on death to
Miss Mary E. Jones
350 S. Clark Street
Blankville, Texas

UNDER LEGAL GUARDIANSHIP
Charles E. Brown, a minor (or an incompetent), under legal guardianship of Henry Smith
4630 W. Grand Avenue
Blankville, Texas
The full name of the owner and that of the coowner or beneficiary, if any, should be used and should
be the name by which the person is ordinarily known and under which he does business; if there are two
given names the initials of one may be used, and if a person is habitually known and does business by
initial only of his given names, registration may be in such form. The name may be preceded by any
applicable title such as “ Dr.” , “ Rev.” , etc., and in the case of women should be preceded by “ Mrs.” or
“ Miss” . A married woman’s own name should be used, not that of her husband, for example, “ Mrs. Mary
A. Jones” , not “ Mrs. Frank B. Jones” . If a person named in the registration of the bond is under legal
disability and a guardian or similar representative of his estate has been appointed by a court or is other­
wise legally qualified, the registration should indicate such facts by the addition of appropriate words,
for example, “ Frank Jones, a minor under legal guardianship of Henry Smith” . Bonds should not be
registered in the name of a person under disability for reasons other than minority unless a legal repre­
sentative of his estate has been appointed.
“ Payable on death to” may be abbreviated as “ p. o. d.” The first person named is hereinafter referred
to as the owner or registered owner, and the second person named as the beneficiary or designated bene­
ficiary. If it is desired that a bond revert to the United States upon the death of the owner as a donation,
it may be registered in the name of the owner with the Treasurer of the United States named as bene­
ficiary.
ADDRESS
The full post office address of the owner must be included in the inscription.
UNAUTHORIZED REGISTRATION
Bonds of Series E, may not be registered in the names of corporations, unincorporated associations,
partnerships, fiduciaries, or in any form other than those given above.
BONDS DELIVERED TO PURCHASERS SUBSEQUENTLY RECALLED OR RETURNED
ON ACCOUNT OF ERRORS
In case a bond is spoiled through erroneous inscription or otherwise and the report of sale and settle­
ment covering the issue of such bond has not been made, the erroneous bond may be considered as
spoiled in issue and a new bond may be issued in lieu thereof in the same manner as though the error
had been detected at time of inscription.
In cases where bonds have been issued to purchasers and the report of sale and settlement has been
made and subsequently the bonds are recalled or returned on account of:
(1) Error in registration (incorrect inscription in names) due to the fault of the purchaser or of
the issuing agent; or
(2) Errors resulting in the issue of improper denominations entirely through the fault of the
issuing agent; or
(3) Errors in issue dates requiring corrections
such bonds should be forwarded to this bank or to the branch in whose territory you are located for
reissue, accompanied by complete information in each case, and the issuing agent should make appropri­
ate notation in its records to that effect. Such bonds should not be included in any report. The use of an
unauthorized form of registration, even though requested by the purchaser, shall be considered an error
of the issuing agent within the meaning of this paragraph.
If an error was due entirely to the failure of the issuing agent to follow the purchaser’s instructions,
no further authority for the correction shall be required. In all other cases the fact that an error was

made must be clearly established and, if the correction involves an apparent change of ownership or any
interest whatever, the issuing agent should forward full information for instructions.
ACCOUNTS AND SETTLEMENT
Bonds are supplied to the agent on a consignment basis only; they are not sold to the agent. A sale
does not occur until the agent has received payment in full from a purchaser and issued a bond to him.
Bonds should not be reported as sold until payment in full has been received.
Each institution qualified as an issuing agent will open and maintain or continue for the account of
the Federal Reserve Bank, as Fiscal Agent of the United States, a separate deposit account on their books
for the proceeds of all sales of War Savings Bonds, Series E, to be known as “ Series E Bond Account” .
The balance in this account should be remitted to this bank or to the branch in whose territory you are
located weekly as of the close of business each Saturday (unless a more frequent remittance is necessary
in order to replenish bond stock), and as of the close of business on the last day of each month. Weekly
reports need not be submitted if there have been no transactions. The end of the month report and
remittance shall include transactions subsequent to those included in the last weekly report, but should
be submitted, even though there may have been no transactions since the last weekly report, showing
the balance on hand (issue price) under reconcilement.
Form FA 82 has been designed for use in reporting sales of Series E bonds and should be submitted
with the proceeds of sales at the close of business each week and at the end of every month. Space is
provided for listing sales of bonds by denominations and serial numbers. The original stubs detached
from bonds sold must accompany the report before credit may be passed to the consignment account.
The form also provides spaces for listing bonds spoiled in the process of issue and unissued bonds returned
for credit to the consignment account. A bond spoiled in issue should not be punched or perforated in any
manner by the agent. The legend VOID—SPOILED IN ISSUE should be written or stamped on the face
of the bond and original stub. Unissued bonds returned for credit should not be canceled. The reconcile­
ment on each report submitted should be carefully compiled, issue price should be used as the basis of the
reconcilement. Even though no sales are reported on the Form FA 82 submitted at the end of the month
the balance on hand should be shown under reconcilement.
When the report is submitted the proceeds of sales of Series E bonds should be withdrawn from the
“ Series E Bond Account” and applied as payment for bonds reported sold. Payment may be made in one
of the following forms:
(a) By charge to the reserve account of a member bank.
(b) By remittance in funds immediately available, however, funds not immediately available will
be accepted with the understanding that consignment of replacement stock will be withheld until remit­
tances are received in collected funds.
(c) Any incorporated bank or trust company which is qualified as a special depositary under the
provisions of Treasury Department Circular No. 92, revised February 23, 1932, as supplemented, and
which is also qualified as an issuing agent for United States War Savings Bonds, Series E, may make
settlement for the balance in its “ Series E Bond Account” by credit in its “ War Loan Deposit Account”
up to any amount for which it shall be qualified in excess of existing deposits. Form K, Public Moneys,
FA 78, for reporting proceeds in such cases will be furnished upon request. The form should be executed
in duplicate indicating the month of issue of bonds, and should accompany weekly report Form FA 82.
(d) Arrangements should be made by issuing agents with their local post office to cash any War Sav­
ings Stamps accepted in exchange for Series E bonds sold and the proceeds should be remitted in settle­
ment at the time the report Form FA 82 is submitted. However, if the local post office is not authorized
to cash War Savings Stamps, albums accepted at face value may be forwarded to this bank in the same
manner as cash in settlement for bonds sold, at the time of report. In such cases, issuing agents will be
responsible for the examination of stamp albums to determine that they are properly completed and that
stamps affixed constitute payment in full for Series E bonds issued. War Savings Stamps are in effect
bearer obligations and should be treated as such.
WAR SAVINGS BOND STOCK
Shipment of War Savings Bonds, Series E, will be made on consignment to qualified issuing agents
upon their requisition on Form FA 72, within the limitation, in each case, of the amount of the qualifi­
cation.
Requisition for additional stock should be submitted when needed. However, when submitting a
requisition between regular report dates, if the amount so requisitioned plus stock previously consigned
and not accounted for exceeds the amount to which such issuing agent is entitled within the limitation
of its qualification, a special report on Form FA 82, accompanied by settlement, should be submitted
covering the difference.
In cases where an agent’s qualification or collateral is not sufficient to cover a requisition for bonds
needed to fill a large sale, the agent may submit a requisition on Form FA 72, together with funds in the
amount of the issue price of the bonds. In which cases the funds will be held in a special collateral account,
and the bonds shipped to the agent. The original stubs detached from these bonds should be returned
on a separate report Form FA 82, with the request that the special collateral be used in payment.
In the event of loss, theft or destruction of blank bonds while in the hands of issuing agents, the
Federal Reserve bank should be promptly informed as to denominations and serial numbers of the bonds
so lost, stolen or destroyed. The Federal Reserve bank will transmit this information at once to the

Division of Loans and Currency, Treasury Department, Washington, D. C., with instructions to place
these bonds on the caveat (stop payment) list. Steps will then be taken to establish the proper credit
between the issuing agent and the Federal Reserve bank.
If care is exercised in keeping proper records of unissued bonds and promptly notifying the Federal
Reserve bank of loss, theft or destruction, there should be no occasion for the issuing agent incurring any
loss in cases of this kind. Treasury Department regulations, however, require that issuing agents accord
the same care and protection to these blank bonds as they do to securities or valuable documents of
their own.
FORWARDING ORIGINAL STUBS, BONDS AND REPORTS
Each report Form FA 82, and remittance, together with the related original registration stubs
detached from bonds issued, spoiled or canceled bonds, and unissued or excess stock should be forwarded
by registered mail to this bank or to the branch in whose territory you are located.
Shipments weighing 8 ounces or less should be dispatched by registered mail at the first-class rate of
postage, in addition to the registry fee of 15 cents.
Shipments weighing more than 8 ounces, but not more than 70 pounds, should be dispatched as
insured mail, to be treated as registered mail, at the fourth-class (parcel post) rate of postage in addition
to the insurance fee of 15 cents provided:
1. The package does not contain securities and matter other than listed above, and the agent’s
copy of Form FA 82 describing the contents is retained by the agent.
2. The package is securely wrapped and sealed by two responsible employees.
3. Each package weighs more than 8 ounces but not more than 70 pounds.
4. Each package bears the following notation:
“ This article is put up and mailed by authority of the Post Office Department upon
prepayment of postage at fourth-class (parcel post) rate and insurance fee. It must be
recorded and handled as a registered article by postal employees.
Ramsay S. Black
Third Assistant Postmaster General.”
Gummed address labels Form FA-121 containing the prescribed notation have been prepared and
will be supplied upon request.
Remittance in the form of cash or War Savings Stamps must be forwarded by registered mail,
declared at face value, in order to be covered by Government insurance. War Savings Stamps may be
cashed at the local post office in order to save the expense of postage and surcharges. Stamp albums for­
warded for credit must bear an imprint of the agent’s dating stamp.
INSURANCE
Shipments of unissued stock, spoiled unissued stock, bonds transmitted for correction of error,
original registration stubs, and remittances from proceeds of sales of bonds including cash and War
Savings Stamps will be covered under Government Losses in Shipment Act, and should not be insured
by the agent if prepared in accordance with the regulations.
Issuing agents are cautioned to use due care in preparing shipments and to keep an inventory of the
contents of each shipment.
REFUND OF POSTAGE AND REGISTRY FEES
Provision has been made to reimburse issuing agents for postal charges on shipments to the Federal
Reserve banks of stubs from United States War Savings Bonds of Series E, spoiled or canceled bonds,
and unissued or excess stock conditioned on full compliance with instructions as outlined under para­
graph “ Forwarding Original Stubs, Bonds and Reports.”
Reimbursement will be made to the agent for the expense of postage and registry fees incurred in
mailing bonds to purchasers on original issue, where it is necessary to ship the bonds. An agent mailing
bonds to purchasers should note the following:
1. The minimum valuation of $5.00 should be observed for registration.
2. The shipment will be covered by Government Losses in Shipment Act.
3. The agent should use due care, and should keep an inventory of the contents of all shipments.
4. The shipments should be prepared and sealed by two responsible employees.
Until further notice bonds may not be forwarded by registered mail at the expense and risk of the
United States to addresses outside of the States of the United States and the District of Columbia, except
Hawaii, Alaska, Puerto Rico and the Canal Zone.
Form FA-103-Rev. should be used by the agent to obtain reimbursement of postage and registry fees.
Your cooperation in observing these instructions will materially assist us in handling the large vol­
ume of savings bond transactions.
FEDERAL RESERVE BANK OF DALLAS
Fiscal Agent o f the United States

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