Full text of Federal Reserve Bank of New York Circulars : 1237. United States of America Treasury Bills

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FEDERAL RESERVE BANK
OF NEW YORK

""

"Circular No. 1237*1
. May 31, 1933 J

United States of America Treasury Bills

To all Banks and Trust Companies in the Second
Federal Reserve District and Others Concerned:

In a telegram received on May 29,1933, from the Treasury Department, we have been
asked to advise banks and other subscribers to Treasury bills in the Second Federal
Eeserve District that paragraph 2 of Department Circular No. 418 relating to Treasury
bills was amended on May 29, 1933, to read as follows:
•v

" 2 . Treasury bills are bearer obligations of t h e United States, promising to p a y a
specified amount without interest on a specified date. They are to be issued on a discount
basis. Each Treasury bill, prior to its issue, must be validated by a Federal Reserve Bank
as fiscal agent of the United States, a n d the dates of the original issue a n d the m a t u r i t y
thereof will be stated thereon. Treasury bills are payable at m a t u r i t y u p o n presentation to
the Treasurer of the United States in Washington or to any F e d e r a l Reserve B a n k . "




GEOEGE L.

HARBISON,

Governor.

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(z)
FEDERAL RESERVE B A N K
OF N E W YORK

June 1, 1933,
NEW COUNTERFEIT
To each Bank and Trust Company i n t h e Second
Federal Reserve D i s t r i c t and others concerned:
1933,

The Treasury Department in i t s c i r c u l a r l e t t e r No, 666 dated May 27,
d e s c r i b e s a new c o u n t e r f e i t as follows:
&5 FEDERAL RESERVE NOTE
On the Federal Reserve Bank of New York, New York; 1928 A series;
check letter "H"; face plate No* 66; back plate No. 365; W. 0. Woods,
Treasurer of the United States; A. 7/. Mellon, Secretary of the
Treasury; portrait of Lincoln,
This is a deceptive production printed on one sheet of paper
from photo-etched plates of expert workmanship, the portraiture and
other distinguishing features having been re-touched by hand*
In
the Lincoln portrait, the loose strands of hair which form a loop on
his forehead are cut so deeply in the counterfeit that the curl
effect indicated in the genuine is l o s t .
On the right jaw, a white
line, almost perpendicular, is executed in the counterfeit in the
shaded effect near the ear.
The type face in tho serial numbering specimen at hand showing B50984637A - is slightly smaller than the genuine.
Despite the dangerous character of this counterfeit, which is a
re-issue of counterfeit $5 Federal Reserve Note described in Circular
Letter No. 652, (our Circular Letter J dated July 22, 1931) i t should
be detected by wary handlers of currency through observation of the
mask-like appearance of the p o r t r a i t .

The Treasury Department, Secret Service
others to whom counterfeit Government obligations
practicable to obtain information regarding their
formation of this kind should be forwarded to the
Service Division, Customs House, New York, N. Y*




Division, requests that banks and
may be presented endeavor when
source and history.
Any inTreasury Department, Secret

George L. Harrison,
Governor•