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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

r Circular No. 2 7 3 9 T
L December 21,1943 J

FOURTH WAR LOAN DRIVE
Operations of Issuing Agents Qualified for Sale of Series E War Savings Bonds

To All Issuing Agents in the Second Federal Reserve District
Qualified for Sale of United States War Savings Bonds, Series E:

The Treasury Department has announced that the Fourth War Loan Drive will open
on January 18, and will run until February 15, 1944. All issuing agents qualified for sale
of Series E War Savings Bonds should be guided by the following instructions pertaining
to their operations during the Drive:
1. Although the Drive will not open officially until January 18, all sales of Savings
Bonds made on and after January 1 will be included in the totals for the Drive.
2. In anticipation of a substantial increase in the number of Series E Bonds to be
issued during the Drive, issuing agents are urged to requisition in advance an adequate
supply of bond stock so that they will be prepared to make prompt delivery of bonds during
the Drive. If the maximum amount of bond stock which any agent is authorized to have on
hand is considered insufficient to meet the demands anticipated during the Drive, we will
consider a temporary increase in such maximum upon receipt of a written request therefor
accompanied by a statement of the facts indicating the necessity for the increase.
3. For the duration of the Drive all issuing agents, except those issuing bonds exclusively
to persons enrolled in payroll allotment plans, are requested to report and remit for sales
not less frequently than twice each week. Agents issuing bonds exclusively to persons under
payroll allotment plans should report sales as frequently as possible. More frequent reporting
by all agents will facilitate our work and will enable us to furnish accurate and up-to-date
sales reports to the State War Finance Committees which will disseminate such information
among the County Chairmen throughout the Second Federal Reserve District.

The greater emphasis on sales to individuals in the coming Drive will call for increased
efforts on the part of all issuing agents, and for a continuation of the splendid cooperation
which they exhibited in the Third War Loan Drive. W e stand ready to render prompt
service to issuing agents and to assist them in every way possible.




ALLAN

SPROUL,

President.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102