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federal

Reserve

bank of

Da lla s

FISCAL AGENT OF THE UNITED STATES
DALLAS. TEXAS 7 5 2 2 2

Circular No. 68-^3
February 1^, 1968

To the Issuing Agent Addressed:

Enclosed is a copy of a Treasury Department letter
dated February 8 , notifying employers that the services they
perform in issuing savings bonds and notes solely to their
employees through a payroll savings plan is not a basis for
bringing these employers within the scope of Executive Order
11246, entitled "Equal Employment Opportunity".

FEDERAL RESERVE BANK OP DALLAS
Fiscal Agent of the United States
Enclosure (1)

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

TREASURY DEPARTMENT
F is c a l A s s is t a n t S e c h e t a r y

F is c a l S e rv ic e
W A S H IN G T O N

February 8 , 1968

TO THE CHIEF EXECUTIVE OFFICER OF THE
EMPLOYER-ISSUING AGENT ADDRESSED
.

The Department of Labor has authorized us
to advise employers that the voluntary, nonprofit
service they perform in issuing to their employees
United States savings bonds or notes purchased
through payroll sayings plans is not a basis for
bringing them within the purview of Executive
Order 11246, entitled "Equal Employment Opportunity."
I wish to assure you, therefore, that notwith­
standing my letter of November 2, 1967, none of the
activities necessary to the issuance by you of
United States savings bonds or notes purchased
through your payroll savings plan subject you to
the Executive Order.