The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL. RESERVE BANK OF DALLAS F I S 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, June 13, 1947 To All Banking Institutions in the Eleventh Federal Reserve District: There is enclosed a copy of the Second Amendment to Treasury Department Circular No. 92, relative to the expira tion on June 30, 1947, of the provision exempting War Loan Deposits from the assessments for insurance by the Federal Deposit Insurance Corporation and from the reserve require ments o f member banks of the Federal Reserve System. 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 M ONEYS UNDER THE ACT OF CONGRESS APPROVED SEPTEMBER 24, 1917, AS AM ENDED (SECOND LIBERTY BOND ACT, AS AMENDED) 1947 Department C ircu la r No. 92 (R evised December 1943) (Second Amendment) TREASURY DEPARTMENT OFFICE OF THE SECRETARY Washington, D. C. May 2 7 , 1947 F is c a l S e rv ice Bureau o f Accounts To F ederal Reserve Banks and oth er in co rp o ra te d banks and t r u s t companies i n the U nited S ta tes ( i n c l u din g th e D istr i ct o f Columbia), the T e r r it o r ie s o f .Alaska and Hawaii, R ig rto R ic o , the V irg in I s la n d s , and the Panama Canal Zone: Under the ca p tio n "EXEMPTION FROM INSURANCE ASSESSMENTS AN D RESERVE REQUIREMENTS,1 paragraph 16 o f the Department C ir c u la r 1 No. 92 (R evised December 1 94 3), as amended, s e ts fo r t h c e r ta in p r o v is io n s contained in the Act o f con g ress, approved A p r il 13, 1943, r e la t iv e t o exemption o f "War Loan D e p o sits" from (a ) a s s e s s ments fo r insurance by the F ed era l D eposit Insurance C orp ora tion , and (b ) the re se rv e requirem ents o f member banks o f the F ederal Reserve System u n t il s i x months a f t e r the c e s s a t io n o f h o s t i l i t i e s o f World War I I as determ ined by p rocla m a tion o f the P resid en t or con cu rren t r e s o lu tio n o f Congress. On December 31, 1946, the P resid en t o f the United S ta tes is su e d a p rocla m a tion p rocla im in g the c e s s a tio n o f h o s t i l i t i e s o f World War I I , e f f e c t i v e a t tw elve o 'c l o c k noon on that d a te. A c c o r d in g ly , Treasury Department C ircu la r No. 92 (R evised December 1 94 3), as amended, i s hereby fu r th e r amended by d e le tin g the f i n a l sen ten ce con tain ed in the in tr o d u c to r y paragraph t h e r e o f and by d e le t in g paragraph 16 and the c a p tio n p reced in g that para graph and s u b s tit u t in g in l i e u t h e r e o f the fo llo w in g paragraph 16 and ca p tion : "INSURANCE ASSESSMENTS AND RESERVE REQUIREMENTS "1 6 . D eposits s u b je c t to insurance assessm ents and re se rv e requ irem en ts. By v ir tu e o f th e e x p ir a t io n o f th e p e rio d o f exemp t io n p rovid ed by the Act o f A p r il 13, 1943, o f 'War Loan D e p o s its' from insurance assessm ents and re se rv e requ irem en ts, th ese d e p o s its w i l l , on and a f t e r July 1 , 1947, be s u b je c t t o the normal a s s e s s ments f o r insurance by the F ed eral D eposit Insurance C orp oration and to reserv e requirem ents o f member banks o f the F ed eral Reserve S ystem ." A. L. M. "WIGGINS Acting Secretary of the Treasury
@FedFRASER