Full text of District Notices (Federal Reserve Bank of Dallas) : Forwarding Original Stubs, Bonds and Remittances

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Federal

reserve bank

OF
FIS C A L A G E N T

D ALLAS

OF TH E

U N ITED S T A T E S

Dallas, Texas, October 14, 1954

To all Qualified Issuing Agents of United States Savings Bonds in the
Eleventh Federal Reserve District:

There is reproduced on the reverse hereof the First Amend­
ment to Fiscal Agency Operating Circular No. 1, which revises,
in part, instructions to issuing agents for mailing original stubs,
bonds, and remittances to the Federal Reserve Bank.
The Treasury Department has concluded that registered mail
protection is not required for shipments weighing 8 ounces or less,
of sales reports, original bond stubs, and spoiled bond stock, but
that such protection is necessary when the shipments contain
unissued unspoiled stock and cash, or remittances of a compara­
ble nature. Therefore, future shipments of this size consisting of
reports, stubs, and spoiled stock should be forwarded by ordinary
first-class mail, while those containing unissued unspoiled stock
and cash should be forwarded by registered mail.
All shipments weighing more than 8 ounces should continue
to be dispatched as insured mail to be treated as registered mail
at the fourth class rate of parcel post, as outlined in Fiscal Agency
Operating Circular No. 1.
Shipments made in accordance with the foregoing instructions
are covered under the Government Losses in Shipment Act, as
amended.
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)

FEDERAL RESERVE BANK
OF DALLAS

Fiscal Agent of the United States

Fiscal Agency Operating Circular No. 1
First Amendment
October 14, 1954

FORWARDING ORIGINAL STUBS, BONDS AND REMITTANCES

Paragraph 4 6 ( A ) should be changed to read:
( A ) Shipments weighing eight ounces or less should be dispatched by
ordinary first class mail, except those containing unissued unspoiled
stock. Shipments containing unissued unspoiled stock should be dis­
patched by first class registered mail, uninsured, declared at the
minimum valuation for shipments o f no intrinsic value.