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FEDERAL RESERVE BANK
O F NEW YORK
Fiscal A gen t of the U nited States

r Circular N o. 3 0 4 7 1
L
January 7, 1946
J

CONTINUATION OF ISSUANCE OF
UNITED STATES SAVINGS BONDS OF SERIES E

To All Banks and Trust Companies and Other Financial
Institutions in the Second Federal Reserve District
Qualified as Issuing Agents for Sale o f United States
Savings Bonds:

The Treasury Department and this bank extend to you our thanks
and appreciation for your cooperation in selling and issuing United
States Savings Bonds. The Secretary of the Treasury has announced
that the sale of United States Savings Bonds will be continued indefi­
nitely following the end of the Victory Loan Drive and, therefore, it is
our hope and expectation that you will continue to act as issuing agent.
The Treasury has also decided to continue the payroll savings pro­
gram, in order not to lose wartime gains in the field of thrift and savings.
If you should have customers which maintain payroll savings plans but
which are not qualified as issuing agents, we should appreciate it if you
would bring to their attention the fact that the sale of United States
Savings Bonds under the payroll savings plan will be continued
indefinitely and that the Treasury Department solicits their continued
cooperation in making the payroll savings plan available to their
employees.




A llan S proul,

President.

7

FE D E R A L R E S E R V E BANK
O F NEW YORK
Fiscal A gen t of the U nited States

January 7, 1946

UNITED STATES SAVINGS BONDS OF SERIES E
Continuation of Sale and Issuance under Payroll Savings Plan

To Certain Issuing Agents in the Second Federal Reserve District
Qualified for Sale o f United States Savings Bonds:

In our Circular No. 2990, dated August 21,1945, we sent you the text
of a statement by the Secretary of the Treasury to the effect that the
sale of United States Savings Bonds, especially under the payroll sav­
ings plan, would be continued indefinitely following the end of the
Victory Loan Drive. The Treasury’s decision to continue the payroll
savings program, in order not to lose wartime gains in the field of thrift
and savings, was the result of widespread demands from labor, manage­
ment, schools, civic and other groups, as well as from many individuals.
A number of recent surveys of opinion have indicated that a very large
majority of the savings bond buyers of the country share the feeling that
the program should be continued.
The Treasury Department and this bank extend to you our thanks
and appreciation for your cooperation in making the payroll savings
plan available to your employees and in issuing the bonds purchased by
them thereunder. It is our hope and expectation that you will continue
to help in the program by maintaining the payroll savings plan and
acting as issuing agent. In this manner, your employees who during
the war have learned the value of thrift may continue to save and to add
systematically to their holdings of savings bonds.
If you should encounter any problems or other difficulties in connec­
tion with the continuation of this program, we would be pleased to have
you call upon us for such advice or assistance as we may be able to
render.




A llan S proul,

President.

¿2^

3o

F E D E R A L R E S E R V E BANK
O F NEW YORK
Fiscal A gen t of the U nited States

January 7, 1946

CONTINUATION OF ISSUANCE OF
UNITED STATES SAVINGS BONDS OF SERIES E

To Certain Issuing Agents in the Second Federal Reserve District
Qualified for Sale o f United States Savings Bonds:

The Treasury Department and this bank extend to you our thanks
and appreciation for your cooperation in issuing United States Savings
Bonds. The Secretary of the Treasury has announced that the sale of
savings bonds will be continued indefinitely following the end of the
Victory Loan Drive, and we hope, therefore, that you will continue to act
as issuing agent as long as the volume of your sales warrants.
If, in addition to your sales of bonds to the public, you have been
issuing bonds purchased by your employees under the payroll savings
plan, you will be interested to know that the Treasury has stressed the
desirability of continuing the sale of bonds under the payroll savings
plan in order not to lose wartime gains in the field of thrift and savings.
If you will continue the payroll savings plan and the issuance of bonds
purchased thereunder, your employees who during the war have learned
the value of thrift may continue to save and to add systematically to
their holdings of savings bonds.




A ll a n S prou l,

President.

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