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FE D E R AL R E SE R V E BAN K OF D A L L A S F IS C A L . A G E N T O F T H E U N IT E D STATES Dallas, Texas, October 15,1943 WITHDRAWALS FROM WAR LOAN DEPOSITARY ACCOUNTS To the War Loan Depositary Bank Addressed: In our circular letter of May 11, 1943, we outlined the procedure adopted by the Treasury Department in making calls for withdrawals from War Loan depositary accounts. On that date depositaries were segregated into two groups, and the new arrangement was intended to lessen the clerical work of banks caused by frequent remittances of rela tively small amounts. We are now in receipt of advice from the Treasury to the effect that on October 15, 1943, War Loan depositaries will be reclassified into two groups as follows: Group A— All depositaries having balances of $300,000 or less at the close of business October 15,1943 Group B—All depositaries having balances of more than $300,000 at the close of business October 15, 1943 The new segregations, based upon balances in War Loan accounts as shown on the books of the Federal Reserve Bank on October 15, will govern the grouping of the depositaries until further notice, notwithstanding any subsequent increases or decreases in such deposit balances. The Treasury’s regular call on October 18, 1943, for payment during the latter part of that week, will be based upon balances in Group B banks only, and calls for withdrawals from the depositaries of this group will continue to be made as in the past, at such times and in such amounts as Treasury requirements demand. Under the Treasury’s tentative plan, a special call will be issued on Wednesday, October 20, 1943, for withdrawals from Group A banks, based upon their balances as of the close of business on October 15, for payment in equal installments on the following dates: October 27,1943 November 24,1943 December 22,1943 November 10,1943 December 8,1943 January 5,1944 Withdrawal notices showing the specific amounts to be submitted will be forwarded to all depositary banks in Group A sufficiently in advance to permit them to make remittances to this bank in available funds for credit to the Treasurer’s account on the fixed payment dates. Yours very truly, R. R. GILBERT President VICTORY BUY U N IT B D STATES WAR ONDS AND This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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