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F ederal Reserve B ank DALLAS, TEXAS of Dallas 75222 Circular No. 73-339 December 28, 1973 TO ALL BANKS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The following wire has "been received from John K. Carlock, Fiscal Assistant Secretary of the Treasury Department: ’’Under the new Federal Supplemental Security Income Program, to be effective January 1, 197^-, a qualified claimant may receive an advance payment of up to $100. To make these advance payments immediately available to claimants, up to three individuals in each Social Security office throughout the U. S. have been des ignated as cashiers by the Treasury Department. Treasury checks have been pre-positioned in the SSA offices in four denominations— $5, $20, $50, and $75-drawn to the order of the cashiers. An example of the form in which the checks are drawn Is as follows: ’Louise Olsen or Gloria Vega or Mary Whalen, Cashier, 750^4- Office No. 6109. * Any one of the three payees in each of the SSA offices may restrictively endorse a check to a qualified claim ant. The claimant will endorse the check at the point of encashment. Since an advance payment is restricted to not more than $100.00, a claimant may have several checks but the total should never exceed the $100 max imum. For the information of those banks which are called upon to cash these checks, the Treasury checks will be green in color, will always bear two endorse ments, and are proper for payment with proper identi fication of the claimant/endorser." Yours very truly, P. E. Coldwell President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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