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FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F TH E U N ITED S T A T E S Dallas, Texas, May 29,1945 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: A t the request of the Secretary of the Treasury, the following notice is being transmitted to the financial institutions of this district: United States Treasury Department Office of the Secretary May 21, 1945 Instructions to Financial Institutions in the United States Pursuant to section 5(b) of the Act of October 6, 1917 (40 Stat. 415), as amended, and other authority vested in me by law, the following instructions are prescribed: (1) Commencing with transactions occurring in the month of June, 1945, every financial institution in the United States shall file monthly reports on Form TCR-1 con cerning each deposit or withdrawal, or other payment or transfer, effected by, through, or to such financial institution which involves United States currency in amounts or denominations which, in the judgment of the financial institution exceed those commen surate with the legitimate and customary conduct of the business, industry, or profes sion of the person or organization concerned. The fact that a transaction involves $1,000 or more of United States currency in denominations of $50 or higher, or involves $10,000 or more of United States currency in any denominations shall be deemed to necessitate the filing of a report on Form TCR-1, unless in the judgment o f the financial institution the transaction is commensurate with the legitimate and customary conduct of the busi ness, industry, or profession of the person or organization concerned. (2) Reports on Form TCR-1 shall be filed in duplicate, on or before the 15th day of the month following that in which the reported transactions occur, with the Federal Reserve Bank of the district in which the reporting financial institution is located. All information called for in such form shall be furnished. (3) No financial institution shall effect any transaction with respect to which a report is required unless the person or organization with whom such transaction is to be effected has been satisfactorily identified. (4) As used herein “ payment or transfer” shall include exchange of currency; and “ financial institutions” shall mean banks, trust companies, savings banks, private bank ers, investment bankers, building and loan associations, securities and commodities brok ers, and currency exchanges and other persons or organizations engaged primarily in cashing checks and exchanging currency. H. Morgenthau, Jr. Secretary of the Treasury Reports should be filed monthly, in duplicate, on Form TCR-1, and a supply of the forms is enclosed. An additional supply will be furnished, upon request. Financial institutions located in those sections of the district assigned to the El Paso, Houston and San Antonio branches of this bank should send their monthly reports in duplicate to the branch serving their section; all others should send their reports to the Federal Reserve Bank, Dallas, Texas. 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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