The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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)
@FedFRASER