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F E D E R A L RESERVE BANK
O F N E W YORK
Fiscal Agent of the United States

r Circular No 28191
L July 20, 1944
J

UNITED STATES WAR SAYINGS BONDS, SERIES E
Use of Special Penalty Envelopes by Issuing Agents

To all Issiiing Agents in the Second Federal Reserve

District

Qualified for Sale of Series E War Savings Bonds:

Public Law 364, 78th Congress, approved June 28, 1944, entitled

4 'An

Act

relating to the use of the penalty mail privilege", provides that, effective July 1, 1944,
the Post Office Department shall be reimbursed by each department of the Government for the cost to the Post Office Department of handling the penalty mail of such
department. Accordingly, the Treasury Department will be required to reimburse
the Post Office Department for the cost of handling Savings Bonds mailed by issuing
agents to the purchasers thereof in special penalty envelopes where over-the-counter
delivery is not practicable. The amount of such reimbursement will be estimated on
the basis of the number of special penalty envelopes furnished to issuing agents.
In these circumstances, the Treasury Department requests all issuing agents to
which penalty envelopes are furnished to use such envelopes in the most economical
manner possible and to keep spoilage of the envelopes at a minimum. Your cooperation in this respect will be appreciated.




ALLAN

SPKOUL,

President.

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