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FEDERAL RESERVE B A N K OF DALLAS
F I S 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

JO-186

C ir c u la r N o.
August

5,

1970

To Banks and Other
Financial Institutions
Affected by Hurricane Celia:
The Treasury Department recognizes the problems which may be
encountered by owners of Treasury marketable securities and savings
bonds who reside in the area stricken by Hurricane Celia and designated
as a disaster area. In order to assist these persons, the Treasury has
authorized the following actions, effective immediately, and ending
September 30, 1970:
1.

Special handling will be given by the Bureau of the
Public Debt on account of lost, stolen or destroyed
savings bonds. Under this treatment, the six-month
waiting period for the issuance of duplicate secu­
rities will be waived.

2. Paying agents in the affected areas should be in­
structed in connection with hardship cases to pay
any Series E savings bond even though the bond has
not been outstanding two months from issue date or
any savings note (Freedom Share) even though the note
has not been outstanding one year from issue date.
3. Preferential handling will be given to claims for
relief on account of lost, stolen or destroyed Treas­
ury securities in registered form.
4.

Preferential handling will he given to claims for
destroyed Treasury securities in hearer form. (Under
the law, relief for lost or stolen Treasury securities
in bearer form may only be granted after maturity.)

Series E savings bonds and savings notes (Freedom Shares) paid
by your office under authority of this letter may be included in the usual
manner with other bonds submitted with transmittal letter, Form PD 2639*
Other transactions enumerated above which are forwarded to this Bank
should bear the following notation: For Special Handling - Texas Disaster
Area. If forms are needed in connection with a claim for relief on account
of lost, stolen or destroyed securities, please let us know.
FEDERAL RESERVE BANK OF DALLAS
Fiscal Agent of the United States

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