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FEDERAL RESERVE BANK O F N E W YORK Fiscal Agent of the United States r Circular N o . 2 6 5 2 " 1 t July 16, 1943 J To all Banks and Trust Companies in the Second Federal Reserve District: Advice has been received from the Treasury Department to the effect that any bank which is qualified as a Depositary for Withheld Taxes may, in lieu of making payment to another depositary bank qualified for the same purpose, deposit taxes withheld by it from wages of its own employees directly to the credit of the special Withheld Taxes account maintained on the books of such depositary in accordance with Treasury Department Circular No. 714. In any such case the depositary will issue to itself, as employer, an appropriate depositary receipt on the official form (Form No. 410). ALLAN SPROUL, President.