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FEDERAL RESERVE BANK O F 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, June 28, 1962 CHANGE IN POSTAL REGULATIONS To All Issuing Agents and Others Concerned in the Eleventh Federal Reserve District: Effective July 1, 1962, the Post Office D epartm ent will discontinue the special m ail service known as “Insured M ail T reated as Registered M ail”, which has been utilized by issuing agents in forwarding savings bond sales and stock accountability transm ittals to the Federal Reserve B an k This service was applicable to shipments weighing one pound or more and provided for paym ent of an insurance fee and postage a t the fourth class rate. Beginning July 1, 1962, these shipments (which should not contain any first class m atter such as cash, uncanceled savings stamps, or rem ittances payable to bearer) should be sent by registered m ail w ith paym ent of only the am ount of p o sta g e a t the fourth class rate. The registry fee will not be paid a t the tim e of ship ment, but will be paid directly to the Post Office D epartm ent by the Treasury D epartm ent under a contractual agreem ent Shipments a t the fourth class rate m ay include one or more of the following item s: (1 ) spoiled and unissued bonds, (2 ) registration stubs, (3 ) canceled savings stamps, (4 ) rem ittances not in bearer form, and (5 ) transm ittal forms. A similar change will also be placed in effect on July 1, in the handling of shipments sent by first class registered mail. Only the am ount of p ostage a t the first class rate will be paid by the issuing agent. In this case, the registry fee will also be paid by the T reasury Departm ent. As currently provided by Treasury regulations, any authorized shipm ent (regardless of w eight) which contains cash or other rem ittances in bearer form m ust be sent by first class registered mail. Shipments weighing less than one pound which contain one or more of the item s listed in the second paragraph (other than unissued bond stock) should be sent by ordinary first class mail; however, if it is desired th at evidence of dispatch or delivery to the addressee be obtained, the agent m ay wish to use an additional service such as certified mail. Shipments weighing less than one pound th at contain unissued bond stock m ust be sent by first class registered mail. Each envelope or wrapper containing the items listed in the second paragraph being forwarded by reg istered m ail a t the fourth class rate m ust be m arked “ Registered” and bear the following legend to be typed, stam ped or printed in close proxim ity to the return address: “ Registry Fee Paid by U. S. Treasury Department” . This legend should also be placed on agents’ transm ittals which are sent by first class registered mail. There is enclosed an initial supply of a preaddressed gummed label, Form FA 121, Revised 6-62, containing the prescribed legend. Issuing agents are requested to use these labels on shipments beginning on July 1, but they should not be used on ordinary or certified m ail unless the portion containing the legend is removed. Additional supplies of the revised Form FA 121 will be furnished upon request Any of the old labels (Form FA 121) which are on hand July 1, should be destroyed, since they were designed for mailings under the discontinued special mail service. As in the past, issuing agents m ay request reim bursem ent for postage expense incurred in forwarding the shipments described herein to this bank. These changes pertaining to the dispatch of shipm ents and paym ent of charges will not affect shipm ents sent by certified m ail or ordinary first class mail. If your local postm aster questions the dispatch of shipments under the new arrangement, please refer him to the Postal Bulletin of June 21, 1962, in which reference is made to a modification of Section 361.6 of the Postal M anual. Yours very truly, Watrous H . Irons President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER