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FEDERAL. RESERVE BANK OF DALU\S
FISCAL. A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, July 5,1957

To all Savings Bond Issuing Agents
in the Eleventh Federal Reserve District:
You previously have been informed that the Treasury Department, beginning next October,
will supply Series E savings bonds in punch card form.
The punch card bond is to be used beginning with bonds carrying the issue date of October
1957. Under no circumstances may the bonds be dated earlier than October 1957. Also, issuing
agents will not be permitted to do any key punching in either the bond or original registration stub.
The card bond will be furnished in assembly types identified as A, B, C, D-1, D-2, F, and G.
Each of the assemblies is described in “Attachment No. 1,’’ a copy of which is enclosed. Types
A and D-1 will be furnished interleaved with one-time black carbon paper. It will be observed that
types A, B, C, D-1, and D-2 are more or less identical in design to assemblies in use at the present
time. (Most issuing agents now use type A bonds and probably will wish to use type A in the
new card bond.) Types F and G are continuous form assemblies and are intended for use primarily
on electrical accounting machines. Type F is designed for use with I.B.M. machines types 402,
403, 404, and 405. Type G is for use with machines types 407 and 408. Issuing agents requisitioning
the continuous assemblies are informed that such assemblies must be separated either manually
or by machine specially made for the purpose. Separation by cutting will not be permitted. This
request is necessary in order to guard against either the bonds or original registration stubs being
cut shorter or longer than standard length tabulating cards.
Information concerning a new size penalty envelope for mailing the punch card bond will be
furnished later in the month.
It should not be necessary for any issuing agent to make substantial changes in either equip­
ment or procedures because of the adoption of the card bond. It would insure greater legibility
of registration stubs, however, if issuing agents inscribing assembly types A and D-1 on Addressograph machines would observe the points outlined in the enclosed “Attachment No. 2.”
In order that the Treasury Department may be in a better position to plan its printing
program for the card bond, it is requested that you indicate on the detachable stub the assembly
type of card bond you plan to use and your estimate of the number of bonds needed to meet your
requirements for the three-month period beginning October 1, 1957.
Please forward the completed stub by return mail so the information may be furnished the
Treasury Department immediately.
FEDERAL RESERVE BANK OF DALLAS
Fiscal Agent of the United States

Federal Reserve Bank of Dallas
Fiscal Agent of the United States
Dallas, Texas
There is shown below the number of bonds, by denominations, and the assembly type of punch
card savings bond we will require for the three-month period beginning October 1, 1957:
Assembly
Type

B_
C_
D-L
D-2.
F_
G_

Denomination

25_______
50_______
100.
..
200________

500_______
1,000..
10,000,.

(Name of Issuing Agent)

(Address)

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