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F

ederal

R

eserve

ban k

OF DALLAS

Dallas, Texas, June 29,1964

To All Banks in the
Eleventh Federal Reserve District:
Enclosed for your information and for the information of your cusĀ­
tomers is a press statement issued by the Treasury Department with
respect to its plans for increasing production of coin in order to eliminate
the current coin shortage.
In the period prior to the time this increased production reaches
the commercial banks, it will be appreciated if you will discourage specĀ­
ulation in and hoarding of coin and will return to this bank or appropriate
branch any surplus coin received.
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)

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