View PDF

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)

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