The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)