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FED ERAL R E SE R V E B AN K O F D A L LA S
F IS C A L A G E N T O P TH E U N ITED S TATE S

Dallas, Texas, April 14, 1943

WAR LOAN DEPOSIT ACCOUNTS

To All Banking Institutions in the
Eleventh Federal Reserve District:
We have just been advised that the President of the United
States signed War Loan Depositary Bill S. 700 on April 13,
1943. This bill exempts War Loan deposits from Federal De­
posit Insurance Corporation assessments, and from reserve
requirements applicable to member banks of the Federal Re­
serve System, for the duration of the war and for six months
after the cessation of hostilities.
You will recall that on November 24, 1942, we sent you a
circular letter containing information relating to the advan­
tages which a bank gains in paying by credit for Government
securities purchased for its own account and for the account of
its customers.

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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