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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, May 5, 1941

To Qualified Agents for the Issuance of
Defense Savings Bonds of Series E :

Supplementing our letter of April 25, we have been informed that the Treasury
Department has reconsidered its previous instructions covering the authentication of the
original and duplicate stubs detached from United States Defense Savings Bonds, Series
E, sold by issuing agents.
Instructions heretofore given issuing agents to validate both copies of the stubs
by an authorized signature may be ignored. A legible imprint of the dating stamp of the
issuing agent on both copies of the stubs will be accepted as sufficient validation.
When remitting for bonds sold to your customers, please return with your report
both the green and white stubs covering the bonds issued. This also applies to bonds
which may be spoiled and returned for credit. The notation on the stub reading: “ To be
executed and retained by authorized issuing agents” is intended for use by Federal
Reserve banks and Post Offices only. The application forms, PDE 1686, submitted by
your customers should be retained as your record of the transactions.
Banks which desire to make payment for bonds sold by credit in their War Loan
Deposit Account should prepare Form K — Public Moneys at the time the funds are
transferred from their Series E Bond Account to their War Loan Deposit Account. This
form should be mailed to us in duplicate with your report and not at the time the bonds
are sold.

Yours very truly,
R. R. G ILBERT
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)