View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE BANK
OF DALLAS

November 23,1933

IMPORTANT MESSAGE FROM THE PRESIDENT OF THE UNITED STATES

To the Bank Addressed:
Your attention is hereby called to the following message which has been issued by
the President of the United States to all banking institutions:

November 22, 1933.
Executive Office, Warm Springs, Ga.
To All Banks:
The nation-wide civil works program which the Government launched
in order to give men and women employment in place of relief is now under
way. More than one million employees of the civil works administration
will receive their first week’s pay at the end of this week, on Saturday,
November 25. They will be paid by checks drawn upon the Treasurer of the
United States. To prevent delays in the payment of this initial week’s wage,
it is essential that our banks throughout the country cooperate to the full­
est extent, cashing these checks at par upon proper identification. This
identification will, in most cases, be an identification card given to payee
by the local civil works administration.
I urge bankers to communicate with the local civil work administra­
tion to make certain that checks will be cashed promptly and in full.
(Signed) FRANKLIN D. ROOSEVELT
Your cooperation in the matter referred to in the President’s message will be appre­
ciated.
Yours very truly,

Federal Reserve Agent

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

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