Full text of District Notices (Federal Reserve Bank of Dallas) : [Error Made in Inscribing a Bond, Stamp Spoiled and Issue New Bond]

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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 20, 1941

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

In our circular letter of April 25, 1941, transmitting instructions re­
ceived from the Secretary of the Treasury in regard to the issuance of
Defense Savings Bonds, Series E, it was pointed out that great care should
be exercised in inscribing such bonds and that erasures and alterations
should not be made.
When an error is inadvertently made in inscribing a bond and is dis­
covered before actual delivery to the purchaser and before remittance there­
for is made to this bank, the bond should be stamped or marked “spoiled”
and a new bond should be inscribed for delivery to the purchaser. When an
error is discovered after delivery has been made and after the remittance
therefor has been forwarded to this bank, the bond incorrectly inscribed
should be obtained from the purchaser and mailed to us for reissue and
return to your bank. When the bond is mailed to us, it should be accom­
panied by a letter clearly setting forth the correction to be made. A bond
sent to us for reissue should not be reported on Form F. A. 82, nor taken
back into the consignment account, but should be handled in each instance
as a separate item.
Your cooperation in this matter will be greatly appreciated.
Yours very truly,
R. R. GILBERT
President

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