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FE D E RA L R E SE R V E BANK
OF NEW YORK

Circular X o . ! } 6 0 2 "1
O ctober 13, 1950 J

[

Lifting of Railway Express Embargo on Shipments of Coin to This Bank

To all Member and Nonmember Banks
in the Second Federal R eserve D istrict:

In our Circular No. 3593, dated September 25,1950, we advised you that, in view
of tlie embargo imposed by the Railway Express Agency, Inc., on all express ship­
ments consigned to and from New York City and vicinity, shipments of coin should be
sent to us by insured, fourth class mail, during the period o f the embargo.
The Railway Express Agency, Inc., has now informed us that, effective today,
express service will again be available. Accordingly, you should now resume send­
ing to us coin, by express, charges collect, pursuant to the provisions o f paragraph 11
of our Operating Circular No. 3, Revised September 23, 1949, entitled “ Paper
Currency and Coin.”




A

llan

S proul,

President.

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