Full text of Federal Reserve Bank of New York Circulars : 2991. Change in Reporting Currency Transactions on Form TCR-1

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FEDERAL RESERVE BANK
OF NEW YORK
F i s c a l A g e n t o f the U n i t e d States

r Circular N o . 2 9 9 I T
L A u g u s t 22, 1945 J

CHANGE

INREPORTING
ON

CURRENCY

FORM

TRANSACTIONS

TCR-1

To Financial Institutions in the
Second Federal Reserve District:

With our Circular No. 2951, dated May 31, 1945, we transmitted to
you certain instructions from the Secretary of the Treasury regarding
the reporting of currency transactions on Form TCR-1; and in our
Circular No. 2958, dated June 11,1945, we advised you that the Treasury
Department had waived the requirement of Part C-2 of Form TCR-1 so
that it would not be necessary to furnish the statement of reasons called
for under Part C-2.
We have now been requested by the Treasury Department to instruct
all financial institutions in the Second Federal Reserve District that,
pending a revision of Form TCR-1, they should indicate in Part C-2 of
Form TCR-1 the nature of each reported transaction, that is, whether it
is a deposit, a withdrawal, an exchange of currency, an exchange of a
check for cash, a purchase of a draft or a cashier's check, a purchase of
securities, etc. Accordingly, for the time being, all reports on Form
TCR-1 should include such information.




ALLAN SPROTJL,

President.