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F ederal

reserve bank
O F D A LL A S

Da l l a s . T e x a s

,October

30* 1945

UNUSUAL CURRENCY TRANSACTIONS

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:

Under date of May 29, 1945, at the request of the Secretary of the Treasury, all
banking institutions and others concerned were furnished a supply of Treasury Department
Form TCR-1 for reporting unusual currency transactions* Such transactions are defined
as those involving #1,000 or more of United States currency in denominations of #50 or
higher, or those involving transactions of #10,000 or more of United States currency in
any denominations, unless in the judgment of the financial institution the transaction
is commensurate with the legitimate and customary conduct of the business, industry, or
profession of the person or organization concerned.
There is enclosed a supply of the revised Form TCR-1. It will be observed that
Item 1 of Part C of the form has been amended so as to require a statement of the nature
of each reported transaction, that is, whether it is a deposit, withdrawal, exchange of
currency, cashing or purchase of check, etc., and that Item 2 of Part C has been amended
so as to enable reporting institutions to furnish information relative to reported trans­
actions which they desire to supply and which is not called for specifically in the form.
In connection with the revision of the report form the Treasury Department has ad­
vised this bank as follows:
"The end of hostilities has, unfortunately, not put an end to tax evasions, nor
lessened the need for tax enforcement. Accordingly this Department is continuing to
give the fullest attention to the reporting and other phases of its tax enforcement
program. In this respect Report Form TCR-1 has been revised for the purpose of mak­
ing the program more effective. The continued cooperation of banks and other report­
ing institutions is essential to the success of the program and will be greatly ap­
preciated.”
Commencing with the month of November, 1945, reports should be filed monthly in
duplicate on the revised Form TCR-1 on or before the 15th day of the month following that
in which the reported transactions occurred. Financial institutions located in those sec­
tions of the district assigned to the El Paso, Houston and San Antonio branches of this
bank should send their monthly reports in duplicate to the branch serving their section.
All others should send their reports to the Federal Reserve Bank, Dallas, Texas.
An additional supply of the forms will be furnished upon request.
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)

•UNITED, .STATES
TREASURY DEPARTMENT
(Rev. 9-45 )

TO BE F I L E D

IN DUPL I CATE

FORM TCR-1: REPORT OF CURRENCY TRANSACTIONS
Pursuant to Instructions to Financial Institutions in the
United States Prescribed May 21, 1945
Part A. FINANCIAL INSTITUTION REPORTING.
1. Name ............................. ...................................
2. Address.............................. .............. .............. .
(Musber)

(S tre e t)

(C ity)

(8 ta te )

Part B. PERSON OR ORGANIZATION CONCERNED IN TRANSACTIONS REPORTED.
1. Name............................. ...................................
2. Add ress.... ............................ ....... ........ ............ .
3. Business, profession, or occupation.................................

Part C. TRANSACTIONS REPORTED.
1. Description of transactions.
U. 8 . Cu rrenc y In v o lv e d
Date

..
2

Tota 1
AMount

Amount In
d eno ilnatIo ns
o f $5 0 or
h Ig her

Na ture o f T r a n s a c t i o n
( S t a t e whether d e p o s i t , w i t h d r a w a l ,
exchange of c u r r e n c y , ca s h i n g or
pur chase o f ch ec k, e t c . )

Any additional information concerning the transactions reported which the report­
ing institution may wish to submit.

Part D.

CERTIFICATION.
I certify that I am authorized to make this report on behalf of the financial
institution named in Part A above and that to the best of my knowledge and belief this
report is true and accurate.

Dated.....................

194...

.....................................
(Signature

of a u t h o r iz e d ag e n t)

INFORMATION TO REPORTING INSTITUTIONS
Reports shall be filed in duplicate, on or before the 15th day of the month following that
in which the reported transactions occur, with the Federal Reserve Bank of the d is t ric t in which the
reporting financial institution is located. Copies of this form and the instructions of May 21, 1945
m be obtained from any Federal Reserve Bank.
ay