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FED ERAL RESER VE BANK OF NEW YORK Fiscal A g en t o f the U nited States r Circular No. 3 9 6 3 T April 10, 1953 J L U N ITED STATES SAVINGS BONDS, SERIES E Revision o f Operating Circular No. 20 To All Issuing Agents in the Second Federal Reserve District Qualified fo r Sale o f United States Savings Bonds, Series E : Enclosed with this circular is a copy of Operating Circular No. 20, Revised April 10, 1953. The circular was revised principally to conform to Department Cir cular No. 530, Seventh Revision, dated May 21, 1952, which contains the Treasury Department regulations governing United States Savings Bonds. In addition, the language in paragraphs 24, 25, and 26 has been clarified. Agents should make weekly reports o f sales of Savings bonds, or more frequent reports if the volume of sales warrants them. In some unusual circumstances, however, the reports may be made less frequently, but never less frequently than once each month, whether or not the agent has any sales to report. The new address o f the Treasury Department’s Division of Loans and Currency appears in paragraphs 36 and 41. Finally, a new paragraph, number 42, has been added to specify the records that agents should maintain and for how long they should be held. Additional copies o f the revised operating circular will be furnished upon request. A llan S proul, President.
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