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FED ERAL RESERVE BANK OF NEW YORK Fiscal Agent o f the United States fCircular No. 3 1 8 0 1 t February 1, 1947 J TRANSACTIONS IN MARKETABLE SECURITIES OF THE UNITED STATES GOVERNMENT T o all Banking Institutions and O thers Concerned in the Second Federal R eserv e D istrict: Effective February 1, 1947, the Los Angeles, Portland, Salt Lake City and Seattle Branches of the Federal Reserve Bank of San Francisco are authorized to participate in transfers by wire of outstanding and unmatured Treasury certificates of indebtedness and notes, but not Treasury bills, in accordance with the provisions for transfers of short-term securities by wire, set forth at page 12 of our Circular No. 3162, dated December 12, 1946, entitled “ Transactions in Marketable Securities of the United States Government.’ ’ A ccord ingly, paragraph 40 of that circular is amended to read as follow s: Cities betw een w hich transfers may be made 40. Treasury bills, certificates o f indebtedness and notes may be transferred between any o f the follow ing cities: Boston, New York, Philadelphia, Cleveland, Cincinnati, Pittsburgh, Richmond, Balti more, Charlotte, Atlanta, New Orleans, Chicago, Detroit, St. Louis, Little Rock, Louisville, Memphis, Minneapolis, Kansas City, Dallas, E l Paso, Houston, San A ntonio and San Francisco. Treasury certificates o f indebtedness and notes, but not Treasury bills, may be transferred between any o f the follow ing cities, or between any o f such cities and any o f the cities mentioned above: Birmingham, Jacksonville, Nashville, Denver, Oklahoma City, Omaha, Los Angeles, Portland, Salt Lake C ity and Seattle. Transfers o f certificates o f indebtedness and notes may be made between any o f the cities mentioned and W ashington, D. C., but such transfers may be made only against receipt and, in the case o f transfers to W ashington, deliveries will be made only to banking institutions. Additional copies o f this circular will be furnished upon request. A llan S proul, President.
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