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FEDERAL RESERVE BANK OF DALLAS F IS 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, December 31, 1962 INCLUSION OF TAX ACCOUNT NUMBERS ON SERIES H SAVINGS BONDS To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: The Treasury D epartm ent has informed us th at an amendm ent to Treasury D epartm ent Circular No. 905 is being prepared to provide for the obtaining of the owner’s Social Security num ber or Em ployer Identification num ber on Series H bonds purchased or reissued after January 1, 1963. This action is being taken in view of the recently enacted legislation amending the Internal Revenue Code of 1954, which requires th at dividend and interest payers obtain tax account numbers of their shareholders or depositors and use them on information documents subm itted to the Internal Revenue Service. The letter received from the T reasury D epartm ent is quoted in part as follows: Series H Savings Bonds issued with January 1963 and subsequent dates should include adjacent to the registration the owner’s (first-named if coownership form ) own Social Security num ber if an individual, or th at of the ward, minor, incompetent, etc., if purchased by a designated guardian, committee, etc. In the case of trusts held by an individual or trustee and estates of decedents administered by an individual, the Social Security num ber of the trustee, executor or adm inistrator would also be required. In the case of bonds registered in the name of a trust or estate where a corpora tion is trustee, executor or administrator, and in the case of bonds registered in the name of a corporation, partnership, etc., the Em ployer Identification num ber should be used. To enable this bank to issue Series H Savings Bonds in conformity with the Treasury’s requirements, commercial banks and others assisting individuals in the completion of applica tions for purchases, reissues and exchanges involving Series H bonds are requested to inform the individuals of the need for including the tax account num ber on the applications. New application forms for Series H bonds are in the process of preparation and will provide for the insertion of the Social Security or Em ployer Identification number. Until such time as the new forms become available, please continue using the application forms you now have and include the tax account num ber of the owner of the new bond as part of the inscription. Yours very truly, W atrous H. Irons President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER