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FEDERAL RESERVE BANK OF DALLAS
FISCAL AGENT O F THE UNITED STATES

Dallas, Texas, March 18, 1948

INCREASE IN LIMITATION ON SERIES E SAVINGS BONDS

To All Qualified Issuing Agents in the
Eleventh Federal Reserve District:

There is quoted below a press statement issued today by the Treasury
Department:
“ Secretary Snyder today announced that the limitation on Series E
Savings Bonds is being raised from $5,000, maturity value, to
$10,000, maturity value, effective for the calendar year 1948. The
limitation relates to the amount of Series E bonds originally issued
during any one calendar year to any one person. There is no change
in the manner in which holdings will be computed, and the new pro­
vision simply doubles the amount that any individual may hold.
“ The Secretary reached the decision to raise the limitation in ad­
vance of the start of the Security Loan Drive which will open on
April 15. Full details regarding the increase in limitation are con­
tained in amendments to the Series E offering circular and the regu­
lations governing Savings Bonds, which are being released today.”
The increased limitation is effective immediately. Copies of the amend­
ments to Treasury Department Circulars Nos. 653 and 530 covering this
change will be forwarded as soon as available.

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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