The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FE D E R A L R E SE R V E B A N K OF DALLAS January 25, 1934. IN FO RM ATIO N FROM TH E S E C R E T A R Y OF TH E T R E A S U R Y R E L A T IV E TO GOLD COIN W H ICH IS M U TILATED OR B ELO W TH E W E IG H T OF TOLERANCE ALLOW ED B Y LA W To the M em ber Bank A dd ressed: In our circular dated D ecem ber 30, 1933, we transm itted regulations from the Treas ury Departm ent with reference to gold coin, gold bullion, and gold certificates. W e quote fro m those regulations as follow s: “ United States gold coin which is obviously mutilated or below the w eight o f tolerance allowed b y law should be treated as bullion o f uncertain value and confirmation should go direct to the Treasurer with request fo r instructions. M em ber banks will not, however, be charged on account o f any loss fo r under w eight coins on w hich they advance paym ent in good faith .” In a telegram received fro m the Secretary o f the Treasury, we are requested to advise you that the regulations quoted from above relative to gold coin w hich is muti lated or below the w eight o f tolerance allowed by law are applicable to gold received pur suant to instructions from th e Secretary o f the Treasury dated January 17, 1934, with respect to the order o f the Secretary o f the Treasury dated January 15, 1934, supple m enting the order o f Decem ber 28, 1933, requiring the delivery o f gold coin, gold bullion, and gold certificates to the Treasurer o f the United States. Y ours very truly, Governor. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)