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FEDERAL RESERVE BANK OF DALLAS November 23,1933 IMPORTANT MESSAGE FROM THE PRESIDENT OF THE UNITED STATES To the Bank Addressed: Your attention is hereby called to the following message which has been issued by the President of the United States to all banking institutions: November 22, 1933. Executive Office, Warm Springs, Ga. To All Banks: The nation-wide civil works program which the Government launched in order to give men and women employment in place of relief is now under way. More than one million employees of the civil works administration will receive their first week’s pay at the end of this week, on Saturday, November 25. They will be paid by checks drawn upon the Treasurer of the United States. To prevent delays in the payment of this initial week’s wage, it is essential that our banks throughout the country cooperate to the full est extent, cashing these checks at par upon proper identification. This identification will, in most cases, be an identification card given to payee by the local civil works administration. I urge bankers to communicate with the local civil work administra tion to make certain that checks will be cashed promptly and in full. (Signed) FRANKLIN D. ROOSEVELT Your cooperation in the matter referred to in the President’s message will be appre ciated. Yours very truly, Federal Reserve Agent This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER