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Fe d e r a l R e s e r v e B a n k

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
D A L L A S ,T E X A S

75222

Circular No. 73-311
November 30, 1973

To All Qualified Issuing Agents for United States
Savings Bonds in the Eleventh Federal Reserve District:
Because increase in debt ceiling has not been authorized, it is
necessary to suspend issuance of Series E and H savings bonds until further
notice.
It is believed that authority will be granted shortly, making
it possible to resume normal issuance of bonds. A short delay in issuance
of bonds will not cause loss to purchasers or disruption of payroll savings
plans because all bonds issued in December will earn interest from December 1
1973.
Should companies and others operating payroll savings plans inquire
they should be advised to continue withholding but to retain proceeds in
special accounts; proceeds should not be remitted to Federal Reserve Banks
or bonds issued until further notice.
Applications may be accepted over the counter and on bond-a-month
plans, but bonds may not be issued until further notice.
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)