The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF DALLAS F I S C A L A G E N T O F T H E U N IT E D S T A T E S Dallas, Texas, July 9,1952 N E W SERIES E SAVINGS BOND STOCK To All Qualified Issuing Agents in the Eleventh Federal Reserve District: According to present plans of the Treasury Department, stocks of the new Series E bond will be available to issuing agents in this Federal Reserve District around the latter part of August. In order that the initial requirements for the District might be determined, it will be appreciated if each issuing agent will file with this bank or appropriate branch within the next few days its initial requisition for the new stock. The requisition should be filed on the enclosed special form and should be limited to the minimum requirements for one month. The requisition will be filled as promptly as stock is available. Requisitions for stock after the initial order is received may be submitted in the usual manner. DISPOSITION OF OLD TYPE STOCK Until the new stock is available, issuing agents should continue to issue the present stock of bonds. The revised terms and conditions, effective May 1, 1952, as previously announced, automati cally will apply to all Series E bonds bearing issue dates of May 1952 and subsequent months. Such bonds will be paid by authorized paying agents at the higher values in accordance with redemption tables furnished by the Treasury. As soon as the new stock is received, however, each issuing agent will be requested to submit a final sales report for the old type stock. The final report will include all unreported sales, all spoiled stock and all unissued stock of the old type bonds on hand. The consignment account for the old type stock should be balanced and closed with the final report and re-established with the stock of new type bonds received. Further details in regard to the final report will be furnished at the time the new stock is available. In view of this procedure, it is urged that each agent permit its stock of the old type bonds to decline to the minimum needed for bond sales expected between now and the latter part of August in expectation of receiving the new stock at that time. No old type stock should be requisitioned unless it is needed to meet such sales. The cooperation of all issuing agents in accomplishing the exchange of bond stock as rapidly and as efficiently as possible will be appreciated. FEDERAL RESERVE BANK OF DALLAS Fiscal Agent of the United States This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) REQUISITION FOR INITIAL SUPPLY NEW STYLE UNITED STATES SAVINGS BONDS OF SERIES E To: Federal Reserve Bank, Dallas 13, Texas or— The ...... ..................................... .......... Branch El Paso Houston .................... ........ San Antonio (Date) In accordance with your circular letter dated July 9, 1952, please forward new style United States Sav ings Bonds of Series E to us as agents for the sale of savings bonds under the terms of Treasury Department Circular No. 657, as amended, in the following pieces by denominations: Number of Pieces DO NOT USE THIS COLUMN Sales Price Each $ 18.75 Amount (Sales Price) Denomination Amount (Maturity Value) (Maturity Value) $ 25 37.50 50 75.00 100 150.00 200 375.00 500 750.00 1,000 7,500.00 10,000 TOTAL $ (Sales Price) TOTAL $ (Maturity Value) PLEASE NOTE: THIS REQUISITION SHOULD BE LIMITED TO YOUR MINIMUM REQUIREMENTS FOR ONE MONTH. THE NEW STYLE BONDS REQUISITIONED WILL BE FORWARDED TO YOU AS PROMPTLY AFTER AUGUST 15, AS NEW STYLE STOCK BECOMES AVAILABLE FROM THE TREAS URY DEPARTMENT. PLEASE RETAIN A COPY OF THIS REQUISITION FOR YOUR FILES. (Name of Sales Agent) (Authorized Signature) (Address)