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federal reserve
Ba n k
DALLAS. TEXAS
of
Dallas
75222
Circular N o. 79-40
March 7, 1979
A C C E L E R A T E D S A V IN G S B O N D R E M IT T A N C E P R O C E D U R E
TO A L L ISSUING A G E N T S OF
SERIES E S A V IN G S B O ND S IN THE
E LE VE N T H F E D E R A L RESERVE DISTR ICT:
E ffectiv e A p ril 1, 1979, the rules and requirem ents governing the rem ittance
o f savings bond sales proceeds w ill be revised. In this regard, there is enclosed a
letter from the United States Treasury Departm ent together with a statem ent which
explains the basic changes; and in addition, outlined below are the revisions which
w ill be implemented by this district:
1.
On the effe c tiv e date o f A p ril 1, issuing agents who elected the Treasury
Tax and Loan Immediate R em ittance Option w ill no longer be perm itted to
deposit the proceeds o f savings bonds sales in the Treasury Tax and Loan
account. As a result, a reserve account charge plan procedure w ill be imple
mented. Form FA-1040 has been designed fo r this purpose, and a set is en
closed. Non-bank issuing agents and non-m em ber banks should complete
the form and forw ard it to their designated correspondent for approval; member
banks may also designate a correspondent if they so desire. The designated
member bank must be located in the Eleventh Federal Reserve District.
Also, the com pleted form should be returned no la te r than March 19.
2.
Payroll Sales
A ll agents who issue payroll sales w ill be required to submit the proceeds
with a new type o f advice o f credit, form PD-4848. An exam ple o f this new
form is illustrated in the statem ent from the Treasury Departm ent and a
supply o f the form s w ill be forw arded to you prior to A p ril 1 under separate
cover. The schedule fo r submitting the proceeds is as follows:
A . Bonds issued currently - If bonds are inscribed fo r issue during the month
shown in the issue date, the proceeds and form PD 4848 must be rem itted
no later than tw o business days a fte r the validation date. If possible the
related stubs and PD 3252 should be shipped at the same time.
B. Bonds issued in the subsequent month - If bonds are inscribed fo r issue
a fte r the month shown in the issue date, the proceeds and form PD 4848
must be rem itted no la te r than the second business day o f the month fol
low ing the month shown in the issue date. The stubs and PD 3252 may
be shipped with the rem ittance or as soon th ereafter as possible.
Banks and others are encouraged to use the follow ing incoming W A T S numbers in contacting this Bank:
1-8 0 0 -4 9 2 -4 4 0 3 (im rastate) and 1-8 0 0 -5 2 7 -4 9 7 0 (interstate). F or calls placed locally, please use 651 plus
the extension referred to
above.
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
3. O ver-th e-C ou n ter Sales
There is an attachm ent enclosed which identifies your organization as
either Class M (monthly) or Class W (w eekly). The average monthly o verthe-counter sales by each agent was determined by the Treasury Departm ent
and you w ill rem ain in this class until further notice. A review w ill be con
ducted on an annual basis and reclassification w ill be based on the results.
A . Class W
O ver-th e-C ou n ter Sales o f $5tQ00 or more
Agents with average monthly sales o f $5,000 or more w ill be placed in
C lass W and must submit report PD 3252 weekly. Agents in the geographical
territory serviced by the o ffic e indicated below w ill mail their report to the
D allas o ffic e on the day indicated:
O ffic e
M ail Report
D allas
Monday
Houston
Tuesday
El Paso
Wednesday
San Antonio
Wednesday
B. Class M
O ver-the-C ou nter Sales o f Less than $5,000
Agents with average monthly sales o f less than $5,000 w ill be placed
in Class M and must submit reports monthly in accordance with the fo l
low ing schedule. Agents in the geographical territory serviced by the
o ffic e indicated w ill mail their report P D 3252 according to alphabetical
breakdown by city in which the agent is located.
1 . Second week o f month
Dallas
C ity
M ail Report
A -C
Monday
D -F
Tuesday
G -L
Wednesday
M -R
Thursday
S -Z
Friday
. Third week o f month
San Antonio
M ail Report
m
Monday
I-Z
Tuesday
El Paso
C ity
M ail Report
A -Z
Wednesday
Houston
City
M ail Report
A -H
Thursday
I-Z
Friday
2
A s soon as computer program m ing can be completed, w e w ill begin mailing monthly
consignment statem ents to each agent. The statem ent w ill be mailed near the middle
o f the month and w ill re fle c t all transactions processed by the Federal Reserve cov
ering a two month period in order to fa cillitate the reconcilem ent process.
A t this time, w e would like to remind all agents o f three subjects with which
w e are experiencing difficulty. Savings bond stubs representing sales should be sep
arated according to denomination; however, it is not necessary to segregate the stubs
w ith rubber bands, clips, etc. This extraneous m aterial becom es jam m ed in machinery
causing considerable problems. A lso, spoiled bonds may be submitted on either a
payroll or over-the-counter form PD 3252. The original bond must be forw arded
to the Federal R eserve and the stub retained fo r your records. The spoiled bonds
must indicate void or spoiled on the fa c e and must be validated with the agents stamp.
-3The third area in which we are experiencing d iffic u lty involves the use o f color
coded form PD 3252. In 1975, form PD 3252 was revised to distinguish between pay
ro ll sales and over-the-counter sales. Examples of the forms are shown below. Pay
ro ll sales should be submitted on form PD 3252 which bears a rust colored stripe a t
the top and has "PR" prominently displayed in the middle of the form . O ver-thecounter sales should be submitted on form PD 3252 which bears a green colored stripe
and has "OC" prominently displayed in the middle o f the form .
PD 3252
Payroll Sales
SERIES
(A M
LETTER
« Y m t)
or
STUBS
ENCLOSED
OF ENCLOSED STUBS
E
s
i/>
£
8
r- -
u
f
D
r\(
IJ“ J
f w l PA YR O LL
|^ |
L KB
1
1
STOCK
Authorized Signature_. . . . ____ ___ ________ _________ ________
DENOM
S25
>50
S75
S i oo
□
*3 0 0
•zoo
S IM
FOR F.R.B. USE ONLY
1---- \
D
UNISSUED
TOTAL
s
IU
s
111
s
-J
2
a £6<
DU N T R E C O N C
s
BON B
ADD:
BLANK BONDS RECEIVED
TOTAL
NT
BATCH NUMBER
METHOD OF PAYMENT I
I TAX a
LOAN (ENCLOSE j
TO TA L IS S U E VA LU E
n ACCOUNT Q c H K K
1 1SAVINGS 1 I p r e p a id
|____ | STAMPS |____| AC COUNT
TOTAL
PIECES
PREVIOUS BALANCE
J
R E T U R N E D
SPOILED
SIO M
TRANSFER DATE
(IS S U E P R I C E )
DEOUCT:
SALES OR STOCK RETURNED
s
s
BALANCE ON HAND
THE ENCLOSED STUBS. OR STUBS AND BONDS. ARE SUBMITTED FOR CREDIT.
PD 3252
O ver-the-Counter Sales
CODE 11
TO: FEDERAL RESERVE BANK OF DALLAS
ISSUING AGENTS NAME. ADDRESS AND CODE
LETTER
SERIES
ISSUE DATE
DATE OF THIS
LETTER
(Mot* * f or )
NUMBER
OF STUBS
ENCLOSED
TOTAL ISSUE VALUE
OF ENCLOSED STUBS
E
m
Audwriud Signature____
DENOM
S29
□
S7S
S80
S200
• 10 0
SSOO
S IM
SI OM
METHOD OF PAYMENT !
R E T U R N E D
□
TOTAL
Wr4T' nl ;CoWC Fueme 'JT
s
s
"TO F b Acdc
8 s
STOCK
SPOILED
BATCH NUMBER
TRANSFER DATE
UNISSUED
I
ITAX #
LOAN (ENCLOSE
TO TA L IS S U E VALUE
I
TOTAL
PIECES
PREVIOUS BALANCE
90
OWCR-THt*
COUNTS*
SAtCI
FOR F.R.B. USE ONLY
s
BLANK BONDS RECEIVED
'.SAVINGS I
[PREPAID
|____| STAMPS |____j ACCOUNT
(ISSUE PRICE)
TOTAL
D ED U C T:
BALANCE ON HAND
SALES OR STOCK RETURNED
%
THE ENCLOSED STUBS, OR STUBS AND BONDS. ARE SUBMITTED FOR CREDIT.
-4r
Any form s which you have on hand that are not color coded should be destroyed
and a new supply ordered from the D allas o ffic e.
Should you need further clarification on the above, please call:
D allas O ffic e
El Paso Branch
Houston Branch
San Antonio Branch
Barbara Stein, Jesse Harris, or Trudy Lanphier
(214) 651-6358,6366, or 6341.
Jerry Silvey, Jack C ollier
(915) 544-4730
James Lockhart or Onezia Donaldson
(713) 659-4433
Tony Valencia, H erb Barbee, or Beverly Hooper
(512) 224-2141
Sincerely yours,
R obert H. Boykin
First Vice President
T H E D E P A R T M E N T O F T H E TR E A S U R Y
W A S H IN G T O N , D.C. 20220
F is c a l A s s i s t a n t S e c r e t a r y
January 1979
TO ISSUING AGENTS FOR UNITED STATES SAVINGS BONDS
The Treasury is revising the rules under which
qualified savings bond issuing agents remit the proceeds
of bond sales to a Federal Reserve Bank or Branch for the
Treasury's account.
The revised rules will be effective
in April 1979.
They will apply to all agents eligible to
receive a fee for each Series E bond they issue.
The change in remittance requirements is in keeping
with the President's objective of improving cash manage
ment operations within the Federal Government.
It will
accelerate the flow of an estimated $5.8 billion a year
into the Treasury's account and will result in savings
estimated at $1.5 million a month.
The enclosed Statement contains the revised rules.
They establish new requirements for the remittance of funds,
and set up separate schedules for funds received from overthe-counter sales and payroll sales.
The Federal Reserve Bank of each district, as fiscal
agent, is establishing specific remittance timetables to be
followed by its qualified issuing agents, and will dis
tribute operating instructions, information and forms.
Questions concerning the application or interpretation
of the rules may be referred to the Commissioner of the
Public Debt, Department of the Treasury, Washington, D. C.
20226.
The Treasury recognizes and appreciates the contri
butions that issuing agents have made to the success of
the Savings Bond Program and asks for their cooperation
in the implementation of the revised remittance requirements.
STATEMENT:
Rules Governing Remittance
of Proceeds of Sales of
United States Savings Bonds
1. IN T R O D U C T IO N
As o f N ovem ber 1, 1 9 7 8 , q u a lified savings bond issuing agents, o ther than Federal agencies, became
eligible to receive fees fo r issuing savings bonds. T h e fee schedule is set o u t in 31 C F R 3 1 7 .5 . Fees
w ill be paid q u a rterly by the Bureau o f the Public D e b t on th e basis o f individual bond issue records
tra n s m itted to it by a Federal Reserve Bank o r Branch on and a fte r N o vem b er 1, 1 9 7 8 , fo r the account
o f eligible agents.
2. R U L E S G O V E R N IN G R E M IT T A N C E O F S A L E S P R O C E E D S
a. R ule revision.
W ith th e in itia tio n o f fee paym ents, the rules governing the rem ittan ce o f savings bond sales proceeds
have been revised to provide fo r m ore tim e ly receipt o f such proceeds by the Treasury. A ll issuing
agents eligible to receive fees w ill re m it sales proceeds to a Federal Reserve Bank o r Branch fo r the
T reasu ry’s account under the new schedules o u tlin e d in this S tatem en t. Separate requirem ents are
provided fo r re m ittin g the proceeds o f o ver-the-co un ter sales and o f p ayroll sales.
b. Purpose o f revision.
The Treasury's o bligatio n to pay interest on a savings bond is
the first day o f the m o n th and year in w hich the issuing agent
price o f the bond. T h e revised rules are designed to insure th a t
Treasury as soon th ere afte r as practicable. N o n co m p lian ce m ay
determ ined by its issue date. T h a t date is
receives or accum ulates the fu ll purchase
th e sales proceeds w ill be available to the
subject an agent to an interest assessment.
c. D a tin g on bonds.
T h e issuing agent enters tw o dates on each bond. T h e "Issue D a te " is en tered in the upper rig ht corner.
It is the date as of w hich the bond begins to earn interest. T h e date the bond is a c tu a lly inscribed fo r
issue is entered im m e d ia tely b elow in the area m arked "Issuing Agent's D ating S ta m p " . This date is
referred to as the " V a lid a tio n D a te ” . (See illu stra tio n ) In no case m ay th e valid ation date be earlier
than th e issue date.
d. Form s o f rem ittance.
Agents m ay re m it sales proceeds (i) b y check or (ii) by charge to the reserve account o f a m em b er bank
o f th e Federal Reserve System . Agents w hich are note o p tio n Treasury tax and loan depositaries m ay
also re m it by cred it to th e tax and loan account, subject to the provisions o f 31 C F R 2 0 3 .9 .
1
e. O peratin g instru ction s.
T h e Federal Reserve Banks w ill issue d etailed operating instructions, re m ittan ce tim etables, and form s
to all q u a lified issuing agents in th e ir respective districts.
3. O V E R -T H E -C O U N T E R S A L E S
a. D e fin itio n .
O ver-the-co un ter sales include all issues (i) on th e basis o f individual purchase ap p licatio n s received
o ver-the-co un ter or b y m ail, and (ii) on B o n d-a-M o n th plans.
b. Classification o f agents fo r re m ittan ce purposes.
T h e Bureau o f the Public D e b t w ill d eterm in e th e average m o n th ly o ver-the-co un ter sales reported
by each issuing agent. O n the basis o f this in fo rm a tio n , each Federal Reserve Bank w ill classify its
agents and establish rem ittan ce schedules, as set fo rth in c. below . Average sales by all agents w ill be
reviewed an n ually and th ey w ill be n o tifie d if there is an y change in th e ir status as m o n th ly or w eekly
rem ittan ce agents.
c. R e m ittan ce schedule.
(1 )
Agents w ith average m o n th ly sales o f less th an $ 5 .0 0 0 .
E ffec tiv e in A p ril 1 9 7 9 , each agent w ith average m o n th ly o ver-the-counter sales o f less than
$ 5 ,0 0 0 (issue price) w ill re m it the proceeds o f such sales once each m o n th on a schedule to be
established by th e Federal Reserve Bank. T h e agent w ill be allow ed tw o business days to prepare
th e rem ittan ce; sales during those tw o days m ay be included in the fo llo w in g m o n th's rem ittan ce.
Exam ples o f th e w ay in w hich th e schedule w ill operate fo llo w .
If monthly remittance date assigned by Reserve Bank is
fourth Thursday of each month:
Remittance date
Proceeds to be remitted
Thursday, 5 /2 4 /7 9
R e m it
proceeds o f all sales betw een 4 / 2 5 and 5 /2 2
Thursday, 6 / 2 8 / 7 9
R e m it
proceeds o f all sales between 5 /2 3 and 6 /2 6
Thursday, 7 /2 6 /7 9
R e m it
proceeds o f all sales between 6 /2 7 and 7 /2 4
A n agent wishing to re m it m ore fre q u e n tly m ay m ake arrangem ents w ith the Federal Reserve
Bank o f its district.
(2 )
Agents w ith average m o n th ly sales o f $ 5 .0 0 0 o r m o re.
E ffec tiv e in A p ril 1 9 7 9 , each agent w ith average m o n th ly o ver-the-co un ter sales o f $ 5 ,0 0 0
(issue price) o r m ore w ill re m it th e proceeds o f such sales once each w eek on a schedule to be
established by the Federal Reserve Bank. Sales proceeds m ust be tra n s m itted no later than seven
business days fro m th e day th e bonds are inscribed fo r issue (th e va lid atio n date, 2.c. above).
T h e agent w ill be allow ed tw o business days to prepare the rem ittan ce; sales during those tw o
days m ay be included in th e fo llo w in g w eek's rem ittan ce. Exam ples o f the w ay in w hich the
schedule w ill operate fo llo w .
Weekly remittance
date assigned by
Reserve Bank
Proceeds to be remitted
Tuesday
R e m it proceeds o f all sales fro m M o n d ay through
F rid a y o f the preceding w eek
W ednesday
R e m it proceeds o f all sales fro m Tuesday o f th e preceding
w eek th ro ug h M o n d ay o f th e cu rren t w eek
Thursday
R e m it proceeds o f all sales fro m W ednesday o f the preceding
w eek through Tuesday o f th e cu rren t w eek
Friday
R e m it proceeds o f all sales fro m T hu rsday o f th e preceding
w eek through W ednesday o f th e cu rren t w eek
M o nd ay
R e m it proceeds o f all sales fro m F rid a y o f th e second
preceding w eek through Thursday o f th e preceding w eek
A n agent wishing to re p o rt m ore fre q u e n tly m ay m ake arrangem ents w ith the Federal Reserve
Bank o f its district.
2
d. T ran sm itta l fo rm s.
Proceeds o f o ver-the-counter sales w ill be re m itte d to a Federal Reserve Bank or Branch w ith the
individual bond issue records (registration stubs), under cover o f Form PD 3 2 5 2 p rep rin ted w ith a
green stripe and the letters " O C " . (See illu stra tio n ) Agents w hich fail to use the proper fo rm m ay be
reim bursed at an incorrect rate.
TO
FEDERAL
RESERVE
BANK
ISSUING AGENT'S NAME. ADDRESS AND CODE
Green
S trip e
1
CODE 10
OF KANSAS CITY
LETTER
SERIES
IS S U E DATE
DATE OF THIS
LETTER
{Month 4 V u r)
HUM BE*
OF STUBS
ENCLOSED
TOTAL ISSUE VALUE
OF ENCLOSED STUBS
FOR F.R.B. USE ONLY
Y0
p- i OVEH- THCOUNTf»
X I » Ui
S T O C K
Authorized S ignature______________
DENOM
125
□
*75
«500
*1M
W
TRANSFER DATE
R E T U R N E D
SPOILED
□
SIOM
BATCH NUMBER
METHOD OF PAYMENT
UNISSUED
TOTAL MATURITY VALUE
RESERVE
ACCOUNT
TOTAL
PIECES
SAVINGS
STAMPS
BOh D ACCOUNT
PREVIOUS BALANCE
ADD:
BLANK BONDS RECEIVED
MA
3E
~
TAX 1 LOAM (ENCLOSE
CERTIFICATE OF ADVICE*
□
CHECK
j — \ PREPAID
L J ACCOUNT
JRITY VALUE)
T5CTHKT
SALES OR STOCK RETURNED
BALANCE ON HAND
THE ENCLOSED STUBS, OR STUBS AND BONDS, ARE SUBMITTED FOR CREDIT
4. PAYROLL SALES
a.
Definition.
Payroll sales include all issues paid fo r w ith deductions fro m th e pay o f em ployees o f organizations
w hich m ain tain (i) p ayroll savings plans or (ii) th r ift, savings, vacation, and sim ilar plans.
b. Applicability of requirements.
The rem ittan ce requirem ents ap p ly to th e q u a lified agent w hich issues the p ayroll bonds. T h a t agent
m ay be e ith e r (i) th e em plo ying organization w hich m aintains the payroll deduction plan, or (ii) a
financial in s titu tio n w hich services th a t em p lo yin g organization.
c. Determining issue date for remittance purposes.
T h e issue dates o f p ayroll bonds are established on the fo llo w in g bases:
(i)
(ii)
If the em p lo yin g organization is also the issuing agent, th e date it receives or accum ulates the
fu ll purchase price, through deductions fro m the purchaser's pay, determ ines the issue date o f
the bond.
If a servicing financial in s titu tio n is the issuing agent, th e date it receives the fu ll purchase price o f
the bond fro m th e em plo ying organization determ ines th e issue date o f the bond.
d. Remittance schedule for bonds issued under payroll savings plans.
(1)
General.
E ffec tiv e in A p ril 1 9 7 9 , the rem ittan ce schedules set fo rth below w ill ap p ly to q u a lified agents
issuing payroll bonds. T h e requirem ents and procedures take account o f the fact th a t under
some p ayroll savings plans, the bonds are inscribed fo r issue a fte r the m o n th shown in the
issue date.
3
i
(3)
IOT agents.
Agents w hich su b m it individual sales records on m agnetic tape, rather th an registration stubs,
w ill fo rw a rd th e tape in accordance w ith arrangem ents made w ith th e Federal Reserve Bank and
th e Parkersburg O ffic e o f th e Bureau o f th e Public D ebt.
f. Remittance schedule for bonds issued under thrift, savings, vacation, and similar plans.
(1) General.
O riginal issues o f bonds under th r ift, savings, vacation, and sim ilar plans operated by companies
fo r the b en efit o f em ployees are generally issued in the nam e o f a trustee. S ubsequently, upon
d is trib u tio n , th e bonds are reissued in th e names o f th e individuals e n title d . A lth o u g h the
p rocedure is n o t recom m ended, some original issues under such plans m ay be made in th e names
o f the individual participants. In these cases the d e fin itiv e bonds are held by the trustee, pending
d is tribu tion .
(2)
Original issues in name of trustee.
Bonds issued in th e nam e o f th e trustee o f such a plan m ay be eith er in d e fin itiv e or in booke n try fo rm . Funds representing th e purchase price o f such bonds shall be re m itte d to a Federal
Reserve Bank or Branch no later than th e second business day o f th e m o n th fo llo w in g th e m onth
as o f w hich the bonds are dated. F o rm PD 4 8 4 8 m ust be used to re m it the funds. T h e individual
sales records fo r d e fin itiv e bonds shall be fo rw ard ed w ith F o rm PD 3 2 5 2 , and the "R e q u e s t for
B o o k -E n try T ran sa ctio n ", Form PD 3 8 7 9 , shall be fo rw ard ed w ith F o rm PD 2 6 3 8 .
(3)
Original issues in names of individual participants.
T h e funds representing the purchase price o f bonds issued on original issue in th e names of
individual participants in co m p an y-o p erated plans shall be re m itte d to a Federal Reserve Bank or
Branch on th e same basis as bonds issued under p ayroll savings plans (see d .(2 ) and (3 ) above).
In no case m ay funds be re m itte d later than the second business day o f the m o n th fo llo w in g the
m o n th as o f w hich th e bonds are dated. T h e rem ittan ce must be fo rw ard ed w ith F orm PD 4 8 4 8 ,
the individual sales records w ith F orm PD 3 2 5 2 .
g. Retroactive issues.
Interest w ill be assessed on acco u nt o f back d ated issues o f p ayroll bonds fo r w hich funds have not
been re m itte d on a tim e ly basis.
5. ADJUSTMENTS
a. Over-the-counter sales.
T h e Federal Reserve Bank w hich receives th e tran sm ittal w ill in itia te an ad justm ent if there is a
d iffe ren ce betw een th e funds re m itte d and th e a m o u n t o f sales reflected on th e F o rm PD 3 2 5 2 . All
o ther adjustm ents w ill be in itia te d by the Bureau o f th e Public D e b t and processed through the
ap p ro priate Federal Reserve Bank.
b. Payroll sales.
T h e Federal Reserve Bank w hich receives th e rem ittan ce w ill in itia te an ad justm ent if there is a
d iffe ren ce betw een th e funds re m itted and th e am ounts reflected on th e F orm PD 4 8 4 8 . A ll other
adjustm ents w ill be in itiated by th e Bureau o f th e Public D e b t and processed through the ap p ro priate
Federal Reserve Bank. T h e au d it o peratio n w ill involve a reconcilem ent o f the individual bond records
w ith the cash rem ittances to insure th a t th e funds are being re m itte d in accordance w ith the requirem ents.
6. ADM INISTRATION
T h e Federal Reserve Banks, as fiscal agents, w ill issue all operating instructions and deal w ith th e agents
in all m atters involving the rem ittan ce procedures. Questions concerning the ap p licatio n and in te rp reta tio n
o f these rules m ay be referred to the Com m issioner o f th e Public D e b t, D e p a rtm e n t o f th e Treasury,
W ashington, D .C . 2 0 2 2 6 .
D e p a rtm e n t o f th e Treasu ry
Bureau o f th e P u b lic D ebt
Jan uary 1979
6
(2)
Bonds issued currently.
If bonds are inscribed fo r issue during the m o n th shown in the issue date, the proceeds m ust be
re m itte d no later than tw o business days a fte r the va lid atio n date. (See illu stra tio n ) Exam ples of
th e w ay in w hich this w ill operate fo llo w .
(3)
Issue date
Validation date
Remit no later than
June 1979
Wednesday, 6/6/79
Friday, 6/8/79
June 1979
Thursday, 6/21/79
Monday, 6/25/79
June 1979
Friday, 6/29/79
Tuesday, 7/3/79
Bonds issued in the subsequent month.
If bonds are inscribed fo r issue a fte r the m o n th shown in the issue date (i.e., the m o n th in the
valid ation date is later than the m o n th in the issue d a te ), th e proceeds m ust be re m itte d no later
than the second business day o f the m o n th fo llo w in g th e m o n th shown in the issue date. (See
illu stra tio n ) Exam ples o f the w ay in w hich this w ill operate fo llo w .
Issue date
Validation date
Remit no
later than
A p ril 1979
5/10/79
5/2/79
May 1979
6/19/79
6/4/79
1979
7/30/79
7/3/79
June
4
e. Transmittal form.
(1 )
G eneral.
A separate fo rm fo r th e re m ittan ce o f p ayroll sales proceeds has been devised, since the
sim ultaneous tran sm ittal o f th e funds and the individual sales records w ill n o t be possible in
m any cases. A l[ rem ittances o f p ayroll sales proceeds must be m ade under cover o f F orm PD
4 8 4 8 , w h e th e r th e sales proceeds and individual sales records are tra n s m itted to gether or
separately. (See illu stra tio n )
TO: FEDERAL RESERVE BANK OF A T L A N T A
CODE 06
IS S U IN G A G E N T ’S N A M E . A D D R E S S A N O C O D E
LETTER
SERIES
06-2342
D A T E OF TH IS
AD VICE
E
First National Bank
222 — 11th Avenue
Delancysville, Georgia
OF V 0 N EDDs Y 0El D
I M o n l h a n a Vea<)
6 4-79
|V 1
|A ]
O R IG IN A L
IS SUES
___ _
4PA YH O LL
SA L ESI
M ay 1979
|OF THI51 A D V I C E **
* 12,450.00
F O R F .R .B . U S E O N L Y
□
TRANSFER DATt
A D V iC fc N U M B S R
M ETHOD O F PA YM EN T
a u t h o r iz e d
| TAM A N D L O A N
[x] R E S E R V E A C C O U N T
Si g n a t u r e
|C H E C K
♦ i s s u e PR IC E o f B O NO S FOR W H I C H S T U B S / M A G N E T I C T A P E W I L L BE F O R W A R D E D S E P A R A T E L Y
PA YR O L L S A L E S o f
series e s a v in g s bonds
A
TO: FEDERAL RESERVE BANK OF R IC H M O N D
I S S U I N G A G E N Ir ’S
S N A M E . A O O R E S S A N D CODE
~
- a d v ic e
of
c r e d it
B U R E A U O F T H E P U B L IC O E 8 T C O P V
(IS S U IN G A G E N T W IL L F O R W A R O A 4 B C O P IE S T O T H E F R B )
__________ ______________
iL c
t Tt f
n
T Et ne
Do
AT
O F tmiq
THIS
ET
Eb
R
ADVICE
SERIES
E
05-1234
Laura & A lb ert M fg. Co.
2648 Shady Lane Blvd.
Dreamsville, V A
6 28-79
CODE 05
SU
UE
E D
DA
AT
TE
E
IIS
SS
[T
OF B O N D S S O L D T O T A L A M O U N T
OF T HI S A D V I C E *
I M o n l h an fl V e j r J
June 1979
‘ 6,200.00
F O R F .R .B . U S E O N L Y
f ^ / 1 1 05 O R I G I N A L
jA J
IS SUES
[P A Y R O L L
SA LES)
___
IR flN S * f R D A T f
A D V lC t
NUMBER
M ETHO O O F P A Y M EN T
| TAX AN O LO AN
A U T M O R I/E O S IG N ATU RE
j
| RESERVE ACCOUNT
[ x ] CMEC*
* I S S U E P R I C E O F B O N D S F O R W H I C H S T U B S / M A G N E T I C T A P E W I L L HE F O R W A R D E D S E P A R A T E L Y
PA YR O L L SALES
of series e s a v in g s b o n d s
A
(2 )
1
- a d v ic e of c r e d it
B U R E A U O F T H E P U B L IC O E B T C O PY
I IS S U IN G A G E N T W IL L F O R W A R D A A B C O P IE S T O T H E F R B I
Agents fo rw ard in g registration stubs.
Ind ividu al bond sales records in th e fo rm o f registration stubs m ust be fo rw ard ed under cover of
F orm PD 3 2 5 2 , prep rin ted w ith a red stripe and th e letters " P R " . (See illu stra tio n )
TO: FED ER AL RESERVE B A N K OF KAN S AS C IT Y
IHUIftQ AQfftT SNAMf AOO*(SS AMOCOM
LCTTSH
*««•(»
DAT! O
fTHIS
ilTTIM
?3
E
□ <
Red
CODE 10
UUI DAT!
Mm>M* )M>I
S tripe
TOTAL Uol VALUf
O*INCLOMOCTUM
F O R F R B U SE O N L Y
THAMMIH MT|
MIOtMMMR
MCTMOOO*MrMINT
□ 2S2
□ K is r □
BOND A C C O U N T R E C O N C IL E M E N T (M AT U R IT Y V A L U E )
•MlV>OU»«ALA*Ct
%
ADO
s
TOTAL
s
OtDUCT
S
IAIAMCI ONHAND
t
TH E EN C LO S ED STUBS, OR STUBS A N D BONDS A R E S U B M ITT E D FOR C R E D IT
5
@FedFRASER