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Federal Reserve Bank
Dallas, Texas, November 10, 1943
To All Banking Institutions in the
Eleventh Federal Reserve District:
In order to effect a redistribution of pennies to better meet the needs of
banking and business, we have beeh asked by the Treasury Department to
request all banking institutions in our district to send all pennies in excess
of their immediate needs to the Federal Reserve bank or branch in whose
territory the shipping bank is located.
The coins should be shipped loose in canvas bags and each bag should
be tagged so as to show plainly the denomination and amount of the con
tents, as well as the name of the sending bank. Not more than $100 should
be placed in any one bag. Each bag should be securely sealed with lead seals,
and the shipment should be made by express, collect.
The cooperation of all banking institutions will be greatly appreciated.
Yours very truly,
R. R. GILBERT
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)