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FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F TH E U N IT E D STATES Dallas, Texas, December 31, 1941 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is enclosed a copy of Treasury Department Circular No. 674 which furnishes complete information with reference to the two new issues of tax series Treasury notes. There is also enclosed a supply of application forms. Upon acceptance of full-paid applications, the notes will be delivered in accordance with the provisions of paragraph 3 of section III of Treasury Department Circular No. 674. The notes will be issued as of the date final payment in available funds is received by this bank, and not on the date of receipt of checks or other forms of remittance that are not immediately available. Any depositary qualified pursuant to the provisions of Treasury Depart ment Circular No. 92 will be permitted to make payment by credit for notes applied for on behalf of itself or its customers (subject to the terms and conditions of Treasury Department Circular No. 674) up to any amount for which it shall be qualified in excess of existing deposits. Your cooperation in handling applications for these notes will be appre ciated. Yours very truly, R. R. GILBERT 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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