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fed er a l r eser v e ba n k o f 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 DALLAS. TEXAS 75222 Circular No. 6 7 -5 8 March 17, 19^7 To All Treasury Tax and Loan Depositaries in the Eleventh Federal Reserve District: The Treasury Department has announced that the pro cedure with respect to the special handling of income taxes of $10,000 or more, which is customarily in effect during peri ods of heavy tax payments, will not be in effect for payments of corporate or individual income taxes handled during April. The Treasury Department’s decision was made in view of the adoption of the new Federal tax deposit procedure for estimated corporation income taxes due for tax years ending on and after December 31* 19^7• The new procedure for deposit of such taxes directly with depositaries is described in Treasury Department Circular No. 1079> a copy of which was mailed to each bank in this district on March 13• Additional copies of this circular, as well as Treasury Department Circular No, 1079 will be furnished upon request. Yours very truly, Watrous H. Irons President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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