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F

e d e r a l

r e s e r v e

B

a n k

OF DALLAS

Dallas, Texas, December 20,1946

M IL IT A R Y P A Y M E N T CE R T IF IC A T E S

To A ll Banking Institutions and Others Concerned,
in the Eleventh Federal Reserve District:

For your information, there is quoted below the text of an announcement which the
Treasury Department has received from the War Department in Washington:
“ On September 17,1946 the armed forces of the United States adopted an instru­
ment known as the Military Payment Certificate for use as the sole medium of
exchange in the army establishment in the following countries in the European,
Mediterranean and Pacific areas: Algeria, Austria, Belgium, Denmark, Egypt,
England, France, French Morocco, French West Africa (Senegal), Germany,
Italy, Libya-Tripoli, Luxembourg, Netherlands (Holland), Saudi Arabia, Switz­
erland, Trieste, Japan, Korea and the Ryukyu Islands.
A description of the Military Payment Certificate follows: Military Payment
Certificates are denominated in $.05, $.10, $.25, and $.50, $1.00, $5.00 and $10.00.
The dimensions of the certificates are as follows: $.05 to $.50— approximately
214" x 4 % " ; $1.00—approximately 2 % " x 4 % " ; and $5.00 and $10.00—approxi­
mately 2% " x 6V6".
The faces of all denominations have a blue, green and purple background with
an ornamental border in which appears ‘Military Payment Certificate’ in white­
faced letters at the top of each certificate. The denomination is shown in black
within a black scroll frame on the left face of the certificate and the reverse of
the certificate is printed in two shades of brown, and a reproduction of the great
seal of the United States appears in the lower center of the certificate. Across
the top of the back of each certificate in white-faced letters are the words ‘Mili­
tary Payment Certificate.’
Printed in black block letters on the front of each certificate, and in brown on
the back of each certificate is the legend, in English, ‘For use only in the United
States military establishments by United States authorized personnel in accord­
ance with applicable rules and regulations.’
In the upper right of the $.05 to $.50 and $1.00 certificate, appears a serial num­
ber in black. On the $5.00 and $10.00 certificate, the serial number appears in the
lower left and upper right corners.
The armed forces of the United States are authorized to accept Military Payment
Certificates only from their own personnel and from a limited number of civilians
in and under the United States military establishment who have been specifically
authorized to hold such certificates by the United States military authorities.
Military Payment Certificates will not be accepted or exchanged for any other
holders under any circumstances by any official agency of the United States
Government.”
Yours very truly,
R. R. G ILBER T
President

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