Full text of Federal Reserve Bank of New York Circulars : 5959. No Special Deposits During April of Income Tax Checks of $10,000 or More

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FEDERAL RESERVE BANK
OF N EW YORK
Fiscal A gent of the United States

r Circular N o. 5 9 5 9 "I
L

M arch 16, 1967

No Special Deposits During April
of Income Tax Checks of $10,000 or More

To All Treasury Tax and Loan Depositaries
in the Second Federal Reserve D istrict:

The Treasury Department has asked us to inform you that Directors of
Internal Revenue will not be instructed to make special deposits with Federal
Reserve Banks during April of checks of $10,000 or more, representing pay­
ments of corporation or individual income taxes, for ultimate credit in Treasury
Tax and Loan Accounts with the drawee banks qualified as Special Depositaries
of Public Moneys. This decision was made by the Treasury because installment
payments of estimated corporation income taxes due April 15, 1967 will not be
received by Directors of Internal Revenue, but will be made by deposit with
Depositaries for Federal Taxes or with Federal Reserve Banks in accordance
with Treasury Department Circular No. 1079, dated March 3, 1967, a copy of
which was sent to you with our Circular No. 5956, dated March 9, 1967.
Additional copies of this circular will be furnished upon request.




A lfred H

ayes,

President.

J