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federal

R es er ve Ba n k
DALLAS. TEXAS

of

Dallas

75222

October 20,1965

SOCIAL SECURITY CHECKS PAYABLE JOINTLY TO HUSBANDS AND WIVES

To All Banks in the
Eleventh Federal Reserve District:

We have been advised by the Treasury Department that the Social Security Admin­
istration, under authority of a statute recently enacted, will begin shortly the issuance
of checks payable jointly to husbands and wives. Under this law, if one of the joint
payees dies the survivor is entitled to the full amount of the check.
In order that the payment to the survivor may be accomplished quickly, thereby
avoiding hardship in many cases, the Treasury and the Social Security Administration
have agreed upon an arrangement whereby representatives of the Social Security Ad­
ministration at approximately 600 district offices throughout the country will be author­
ized to make a joint payee check payable to the survivor by placing an appropriate
endorsement on the face of the check.
The banks throughout the country are being informed that it is in order to cash
these checks upon endorsement of the survivor designated by the Social Security district
offices. In this connection, the Treasury Department has issued the Fourth Amendment,
dated September 22, 1965, to its Circular No. 21, revised September 5, 1946. A copy of
the amendment is attached, together with an illustration of the stamped superendorse­
ment which will be used.
Yours very truly,
Watrous H. Irons
President
Attachments (2)

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

REGULATIONS GOVERNING THE INDORSEMENT AND
PAYMENT OE CHECKS DRAW ON THE TREASURER
N
OF THE UNITED STATES
Department C ir c u la r No. 21
(R evised September 19^6)
(Fourth Amendment)

TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Washington, D. C.

September 2 2, 1965
F is c a l S e rv ice
O ff ic e o f th e T rea su rer, U .S.
To a l l Banks and Bankers and Others Concerned;
Treasury Department C ir c u la r No. 21 (R ev ised ) dated September
1-9^6, as amended, is hereby fu r th e r amended by the a d d it io n o f subpara­
graph ( c ) t o paragraph 4 t o read as f o llo w s :
^.

Deceased payees - * * *

( c ) A S o c ia l S e c u r ity b e n e f it check is su e d j o i n t l y to
two o r more in d iv id u a ls o f th e same fa m ily s h a ll, upon the
death o f one o f the j o i n t payees p r io r t o the n e g o tia tio n o f
such ch eck, be retu rn ed t o the S o c ia l S e c u r ity D is t r ic t
O f f i c e . That o f f i c e may a u th o rize the payment o f the check
to the s u r v iv in g payee or payees by the placem ent on the
fa c e o f the check o f a stamped legen d sig n ed by an o f f i c i a l
o f the S o c ia l S e c u r ity A d m in istra tion r e d e s ig n a tin g such
s u r v iv o r or s u rv iv o rs as th e payee o f the ch eck . A check
b e a rin g such stamped leg en d , sign ed by th e o f f i c i a l o f the
S o c ia l S e c u r ity A d m in istra tion , may be in d orsed and n ego­
t i a t e d by the person or persons named as i f such check
o r i g i n a l l y had been drawn payable t o such p ayee.

F i s c a l A s s is ta n t S e cre ta ry

(name o f d e c e a s e d b e n e f i c i a r y )
I S DECEASED.
T H I S CHECK I S NOW PAYABLE T O T H E ORDER
OF
( name o f s u r v i v i n g b e n e f i c i a r y ) _________
( s i g n a t u r e and t i t l e o f DO e m p l o y e e )
1 A U T H O R I T Y OF SOC.

SEC.

ADM.