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F ederal reserve Ba n k DALLAS, TEXAS of Dallas 75222 Circular No. 68-56 March 4, 1968 FOOD COUPON PROGRAM To the Bank Addressed: Enclosed is a revised statem ent of the Department of Agriculture, entitled “Procedures for Commercial Banks in Handling Food Coupons under The Food Stamp Program.” This revised procedure is being forwarded to member and nonmember banks in the vicinity of Union Parish, Louisiana, which is among the additional areas scheduled to commence operations under the Food Stamp Program on or about March 7, 1968. Under the provisions of this bank’s Bulletin No. 8, “Collection of Cash Item s” dated Septem ber 1, 1967, this bank and its branches, as fiscal agents of the United States, will pay these food coupons and will accept them for immediate credit when received prior to 2:00 p.m. Mondays through Fridays. Such credit will be given subject to verification and final payment, and any neces sary adjustm ents will be made under appropriate advice to sending banks. Member and nonmember clearing banks and nonmember banks which have arranged with us to deposit food stamp coupons for collection for credit to an account of a member bank on our books, may forward the food coupons to us by means ordinarily used in forwarding checks for collection, or the coupons may be forwarded by fourth-class mail (parcel post) if the instructions outlined in paragraph C.4. of the “Procedures” are followed. The ordinary check collection channels may also be used by any bank which does not forward food stamps directly to us for payment. Food coupons forwarded to this office for payment should be separately sorted from other items, with only the total number and dollar amount of each denomination shown on the cash letter form. For example: 1.000 Food Coupons @ $ .50 = $ 500.00 1.000 Food Coupons @ 2.00 = 2,000.00 2.000 $2,500.00 It would facilitate the handling of food coupons if they were forwarded in batches of 100 where quantity warrants. If you have any question regarding the food coupons collection procedure, please let us know. Yours very truly, P. E. Coldwell President Enclosures (1) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)