Full text of District Notices (Federal Reserve Bank of Dallas) : Government Checks Payable Without Limitation of Time

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F e d e r a l R e s e r v e Ba n k
OF DALLAS

Dallas, Texas, March 19, 1959

GOVERNMENT CHECKS PAYABLE WITHOUT LIMITATION OF TIME

To all Banks in the
Eleventh Federal Reserve District:
In our circular letter, dated October 15, 1957, you were advised that
Public Law 183, 85th Congress, approved August 28, 1957, provides that
checks drawn on the Treasurer of the United States are payable upon pre­
sentation without limitation as to time.
Treasury Department Circular No. 21, Regulations Governing the In­
dorsement and Payment of Checks Drawn on the Treasurer of the United
States, dated September 5,1946, has been amended to reflect the change by
the enclosed Third Amendment, dated December 22,1958. This Third Amend­
ment revises the wording in Paragraph 9 so as to remove the payment time
limitation of checks drawn on the Treasurer of the United States.
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)

REGULATIONS GOVERNING THE INDORSEMENT AND PAYMENT
OF CHECKS DRAWN ON THE TREASURER
OF THE UNITED STATES

TREASURT DEPARTMENT
OFFICE OF THE SECRETARY
Washington, D. C*

Department Circular No* 21
(Revised September 1?U6)
(Third Amendment)

DEC 2 2 1958
Fiscal Service
Office of the Treasurer, U. S*

To fill Ranks and Bankers and Others Concerned?
Treasury Department Circular No* 21 (Revised), dated September 5 , 19k&,
as amended, is hereby further amended by revising paragraph 9 to read as
follows:
9* Checks payable without limitation of time* All checks
heretofore or hereafter drawn on the Treasurer of the United States,
including those drawn by wholly owned and mixed-ownership Government
corporations, are payable without limitation of time: Provided.
That where on presentation of any check for payment the Treasurer
of the United States is on notice of a doubtful question of law or
fact the payment of such check will be deferred pending settlement
by the General Accounting Office*

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