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FEDERAL RESERVE BANK OF DALLAS
F IS C A L . A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, November 20,1953

PLEDGING OF COMMODITY CREDIT CORPORATION CERTIFICATES OF
INTEREST AS COLLATERAL TO TREASURY TAX AND LOAN ACCOUNTS

To The Treasury Tax and Loan Depositary Bank Addressed:
There is enclosed a copy of the Third Amendment to Department Circular No. 92
(Revised), which authorizes the pledging as collateral to Treasury Tax and Loan Accounts
of Certificates of Interest issued by the Commodity Credit Corporation.
If a depositary bank wishes to pledge such certificates, they should be listed on Form
FA 134, Pledge of Collateral Security for Treasury Tax and Loan Account Deposits, in the
section headed “ Other Bonds and Securities.” In addition, they should be assigned on the
appropriate Commodity Credit Corporation assignment forms to the Federal Reserve Bank
of Dallas (or appropriate branch), Fiscal Agent of the United States. A separate assignment
form will be necessary for each certificate. Form FA 134 and all three copies of each assign­
ment form should be sent to this bank or appropriate branch. The assignment forms will be
transmitted to the custodial office servicing the certificates for acceptance, after which the
accepted assignor copies will be returned to the pledging bank.
When certificates are released from pledge, they will be reassigned to the pledging bank
on the appropriate assignment forms which will be transmitted to the custodial office for
acceptance. After acceptance, the assignee copies will be sent to the pledging bank.
At present, there are three types of certificates outstanding requiring separate assign­
ment forms as follows:
Certificates evidencing participation in pool of 1953 Form A cotton loans
— assignment form CCC Cotton Form I.
Certificates evidencing participation in pool of 1952 cotton loans—assign­
ment form CCC Cotton Form I — Special.
Certificates evidencing participation in pool of commodity loans other than
cotton — assignment form Commodity Credit Corporation Form 316.
If other types of certificates are available during the current Commodity Credit loan
year and if certificates are issued in subsequent years, they may be pledged under the proced­
ure outlined in this circular with assignments executed on the assignment forms provided for
the types to be pledged.
FEDERAL RESERVE BANK OF DALLAS
Fiscal Agent of the United States

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

SPECIAL DEPOSITS OF PUBLIC MONEYS UNDER THE A C T OF CONGRESS APPROVED
SEPTEM BER 24, 1917, AS AMENDED (SECOND LIBERTYBO N D A C T , AS AMENDED)

1953
D e p a r t m e n t C i r c u l a r N o . 92 ( R e v i s e d )
T hird Am endm ent
TREASURY DEPARTM ENT,
O F F IC E OF THE S E C R E T A R Y ,
W a s h i n g t o n , O c t o b e r 12, 1953

F is c a l S erv ice
Bureau o f A ccounts

To

F e d e r a l R e s e r v e B a n k s and o t h e r i n c o r p o r a t e d b a n k s and t r u s t c o m p a n i e s in the U nited
S ta te s (i n c l u d i n g the D i s t r i c t o f C o l u m b i a ) , the T e r r i t o r i e s o f A la s k a and H a w a ii, P u e r t o
R i c o , the V i r g i n I s l a n d s , and the P a n a m a C a n a l Z o n e :

D e p a r t m e n t C i r c u l a r 92 ( R e v i s e d ) , d a te d N o v e m b e r 10, 194 9 , a s a m e n d e d , is h e r e b y f u r t h e r
am ended, as follow s:
1.

By

a d d in g

im m e d ia te ly

after

subparagraph

7

(k)

a

new s u b p a ra g r a p h , as fo l lo w s :

“ (1) C e r t i f i c a t e s o f I n t e r e s t o f C o m m o d i t y C r e d i t C o r p o r a t i o n . - - C e r t i f i c a t e s o f I n t e r e s t
i s s u e d b y the C o m m o d i t y C r e d i t C o r p o r a t i o n ; not to e x c e e d p r i n c i p a l a m o u n t (f a c e a m o u n t
le s s paym ents m ade t h e r e o n ).”

G . M. H U M P H R E Y
S e c r e t a r y o f the T r e a s u r y

GPO 8 6 5 5 3 1


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102