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

Dallas, Texas, October 15, 1957

GOVERNMENT CHECKS NOW PAYABLE WITHOUT TIME
LIMITATION

To all Banks in the
Eleventh Federal Reserve District:
We have been advised by the Treasury Department that Public Law 183,
85th Congress, approved August 28, 1957, provides that checks drawn on
the Treasurer of the United States are now payable upon presentment with­
out limitation as to time.
The Treasury Department also advised that its several regulations which
contain references to the time within which checks drawn on the Treasurer
will be paid upon presentment are in the process of being 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)