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FEDERAL RESERVE BANK OF DALLAS
FISCAL. A G E N T P F TH E UN ITED ST A T E S

Dallas, Texas, April 16, 1945

IMPORTANT NOTICE

To All Banking Institutions
in the El Paso Branch Territory:
For the benefit of the banks and others located in jthe territory served by our El Paso
Branch and in order to handle more expeditiously the increasing volume of work incident
to Treasury financing, it has been decided to expand the functions of the branch by provid­
ing facilities for the direct handling of all transactions relating to Treasury bonds, Treas­
ury notes, Treasury certificates of indebtedness, and Treasury bills. Accordingly, on and
after May 1, 1945, all subscriptions for new issues, all tenders for the weekly offerings of
Treasury bills, all transactions involving redemptions, exchanges, and wire transfers of
short-term securities, and all correspondence concerning Treasury issues, should be routed
directly to our El Paso Branch by banks in the territory served by that brhnch.
The El Paso Branch has for some time been serving the banks and others located in
its territory in connection with sales and redemptions of Treasury savings bonds of all
series and Treasury savings notes, and this further decentralization of work is intended to
expedite the handling of all other fiscal agency transactions involving new as well as out­
standing Treasury issues.
War Loan accounts of depositary banks located in the territory served by the El Paso
Branch will be transferred to that branch on May 1, 1945. On and after that date all trans­
actions originating in the El Paso Branch territory and affecting such accounts, including
pledges and withdrawals of collateral, payments covering withdrawals from the accounts,
reconcilements, etc., will be handled by the branch. It is not deemed necessary to suggest
a change in the present location of collateral now pledged to secure War Loan deposits, and
any collateral pledged in the future may be deposited with this bank or with the El Paso
Branch, whichever the pledging bank may prefer. However, all requests for the release
of collateral, regardless of where it may be held, should be forwarded to the El Paso
Branch.
Incorporated banks and trust companies in the El Paso Branch territory which may
desire to qualify as War Loan depositaries under Treasury Department Circular No. 92,
or which, if already qualified, may desire to increase the amounts for which they are pres­
ently designated, should make application to the El Paso Branch on or after May 1, 1945.
Yours very truly,
R. R. GILBERT
President

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


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