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FEDERAL RESERVE BANK OF NEW YORK Circular No. 8514 February 6, 1979 [ ] IN C R E A S E IN M A X IM U M V A L U E OF P O S T A L M O N E Y OR DER S To All Member Banks in the Second Federal Reserve District, and Others Concerned: The United States Postal Service has asked the Federal Reserve Banks to communicate a change concerning the cashing of Postal Money Orders. Postal Money Orders have a statement on the back “Do not cash if face amount exceeds $300.” This statement is no longer applicable as the maximum value of money orders was changed effective May 29,1978 to $400. Banks are requested not to deny payments to customers with money orders of $400 or less. If you have any questions concerning this matter, please contact your local Postmaster. Pau l A. V olcker, President.
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