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FEDERAL RESERVE BANK
OF DALLAS
January 17,1934.

Order of Secretary of the Treasury w ith Reference to the Delivery of Gold Coin,
Gold Bullion and Gold Certificates to the Treasurer of the United States.

To the Bank Addressed:
For your information we quote below telegram received from the Secretary of the Treasury on January 17, 1934.
“ The order of Secretary of the Treasury, dated January 15, 1934, supplementing the order of December 28,
1933, requiring the delivery of gold coin, gold bullion and gold certificates to the Treasurer of the United States, pro­
vides, in part, as follows:
“ ‘
* I, Henry Morgenthau, Jr., Secretary of the Treasury, do hereby fix midnight of Wednesday, January 17,
1934, as the expiration of the period within which any gold coin, gold bullion, or gold certificates may be paid and
delivered to the Treasurer of the United States in compliance with the requirements contained in such order of De­
cember 28, 1933, as amended.
“ ‘IN THE EVENT THAT ANY GOLD COIN, GOLD BULLION OR GOLD CERTIFICATES WITHHELD IN
NON-COMPLIANCE WITH SAID ORDER AND OF THIS ORDER ARE OFFERED AFTER JANUARY 17, 1934,
TO THE SECRETARY OF THE TREASURY, THE TREASURER OF TH E U N IT E D S T A T E S , ANY UNITED
STATES MINT OR ASSAY OFFICE, OR TO ANY FISCAL AGENT OF THE UNITED STATES, THERE SHALL
BE PAID THEREFOR ONLY SUCH PART OR NONE OF THE AMOUNT OTHERWISE PAYABLE THEREFOR
AS THE SECRETARY OF THE TREASURY M AY FROM TIME TO TIME PRESCRIBE AND THE WHOLE OR
ANY BALANCE SHALL BE RETAINED AND APPLIED TO THE P E N A L T Y P A Y A B L E FOR FAILURE TO
COMPLY WITH THE REQUIREMENTS OF SUCH ORDER AND OF THIS ORDER. THE ACCEPTANCE OF ANY
SUCH COIN, BULLION, OR CERTIFICATES AFTER JANUARY 17, 1934, WHETHER OR NOT A PART OR
ALL OF THE AMOUNT OTHERWISE PAYABLE THEREFOR IS SO R E T A I N E D , S H A L L BE WITHOUT
PREJUDICE TO THE RIGHT TO COLLECT BY SUIT OR OTHERWISE THE FULL PENALTY PROVIDED IN
SECTION 11 (N ) OF THE FEDERAL RESERVE ACT, AS AMENDED, LESS SUCH PORTION OF THE PEN­
ALTY AS M AY HAVE BEEN RETAINED AS HEREIN BEFORE PROVIDED.’
“ Subject to the rights reserved in said order o f January 15, 1934, supplementing the order of December 28,
1933, requiring the delivery of gold coin, gold bullion and gold certificates to the Treasurer of the United States, and
without prejudice to the right to alter or amend these instructions from time to time by notice to the Treasurer of
the United States, the United States mints and assay offices, and the Federal Reserve Banks, I do hereby prescribe that
in the event that any gold coin, gold bullion or gold certificates held in non-compliance with said order of December
28, 1933, as amended, and said order of January 15, 1934, are offered after January 17, 1934, to the Secretary o f the
Treasury, the Treasurer of the United States, any United States mint or assay office, or to any fiscal agent of the United
States, the Secretary of the Treasury, the Treasurer of the United States, any United States mint or assay office, and
the fiscal agents of the United States shall pay for such gold coin and gold certificates the dollar face amount thereof
and for gold bullion $20.67 an ounce. Member banks of the Federal Reserve System may receive such gold coin, gold
bullion and gold certificates for account of the Treasurer of the United States and forthwith forward the same to the
Secretary of the Treasury, the Treasurer o f the United States, any United States mint or assay office or any fiscal agent
of the United States, whichever is nearest.”
H. MORGENTHAU, JR.,
Secretary of the Treasury.

Yours very truly,

Governor.

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


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