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\ FEDERAL RESERVE BANK O F N E W YORK f Circular No. 2 5 5 6 1 I December 4, 1942 J NICKELS AND PENNIES Better Distribution Requested by the Treasury Department To All Banking Institutions in the Second Federal Reserve District: In order to effect a better distribution of nickels and pennies in the present emergency, the Treasury Department requests all banking institutions to ship all such coin in excess of absolute needs to the Federal Reserve Bank of their district. In this connection, the Treasury Department has recently issued statements to the press urging the return of coin savings to circulation to ease the production strain on Mint establishments and to save metals vital to the war by lessening demand for new coins. Nickels and one-cent pieces should be sent to us by express collect. ALLAN SPROUL,, President.
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