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Circular Ho, 73-160 NOTE: This circular was printed, at the request of the Treasury Department. However, it was not to be sent until further instructions were received from the Treasury. The Treasury instructed this Bank NOT to send it. In view of the fact that the circular had to be given a number to be printed, the number was "used11 and could not be reassigned. Eunice P. Hauger This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) 7-6-73 As p e r P a u l M o n k re s : T h i s C i r c u l a r d i ' i NOT go a n d w i l l NOT g o . A f t e r b e in g a d v is e d by T r e a s u r y (s e e w ire 6 - 2 9 -7 3 , L u b eley t o V i c e - P r e s i d e n t - i n - C h a r g e F i s c a l A gency D e p a r t m e n t , A l l F e d e r a l R e s e r v e Banks: a n d B r a n c h e s ) t o h o l d up s e n d i n g t h i s c i r c u l a r u n t i l f u r t h e r w o r d , t h e c i r c u l a r w a j n o t m a i l e d on S a t u r d a y , J u n o 3 0 , 1£73« P a u l r e c e i v e d a p h o n e c a l l f r o m t h e T r e a s u r y on S u n d a y a f t e r n o o n , J u l y 1 , 1973» t e l l i n g him EjOT t o s e n d t h e c irc u la r a t a l l . lie t r 3 c i r c u l a r s a nd e n v e l o p e s i n h i s o ffic e • P a u l c a n n o t a d v i s e P r i n t Shop t o r e a s s i g n C i r c u l a r N o. 7 3 - 1 6 0 b e c a u s e t h e j o b w as a c t u a l l y r u n a n d c o m p l e t e d . F or th e r e c o r d , c o p ie s o f t h i s c i r c u l a r a r e f i l e d i n s u b j e c t , " S a v i n g s B o n d s ( p )" a n d a c o p y i s h e l d f o r b i n d i n g * H auger federal Reserve bank F IS C A L A G E N T O F T H E D A L L A S ,T E X A S of U N IT E D Dallas STATES 75222 Circular No. 73-160 June 30, 1973 To All Qualified Issuing Agents for United States Savings Bonds in the Eleventh Federal Reserve District: Because action on debt-limit legislation has not been completed, it is necessary to suspend issuance of Series E and H savings bonds until further notice. It is believed that action -will be completed 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 July -will earn interest from July 1. Companies and others operating payroll savings plans should be requested to continue -withholding but to retain proceeds in special accounts; proceeds should not be remitted to Federal Reserve Bank’s 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
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