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Federal R eserve Ba n k of N ew Y ork NEW YORK 4 5 , N. Y. RECTO R F i s c a l A g e n t o f 2-5 7 0 0 t h e U n i t e d S t a t e s October 31* 19^2 ARMED FORCES LEAVE BONDS Amendment to Treasury Department Circular No. 793 To All Qualified Paying Agents of Savings Bonds in the Second Federal Reserve District: On September 17, 19^2, the Treasury Department notified all paying agents that their authority to redeem Armed Forces Leave Bonds had been withdrawn effective with the close of business September 29, 1962, and that after that date only the Federal Reserve Banks and Branches and the Office of the Treasurer of the United States would be permitted to redeem leave bonds. Enclosed is a copy of the Second Amendment to Treasury Department Circular No. 793, which outlines the new procedure to be followed by agents in forwarding leave bonds for payment. Additional copies of the enclosure will be furnished upon request. ALFRED HAYES, President REGULATIONS GOVERNING ARMED FORCES LEAVE BONDS Second Amendment to Department Circular No. 793 Augustd i,di947 TREASURY DEPARTMENT, OFFICE OF THE SECRETARY, Washington, Septem ber 17,1962. Fiscal Service Bureau of the Public Debt Department Circular No. 793, Revised, dated August 1, 1947 (31 C F R 1947 Supp., Part 324), is hereby amended and revised, effective as o f the close o f business September 29, 1962. A u t h o r i t y : Armed Forces Leave A ct o f 1946, as amended (60 Stat. 963; 61 Stat. 510; 62 Stat. 506; 37 ILS.C. 32, 3 5 ) ; and Second Liberty Bond Act, as amended (31 U.S.C. 757c). Section 324.8 is rescinded. Section 324.9 is amended to read as fo llo w s: Sec. 324.9. Paym ent o f bonds. (a) Execution o f request and 'presentation fo r payment.— A registered owner must identify himself to an authorized certifying officer and must sign the request for payment o f his bond in the presence o f such officer. The bond should be presented and surrendered direct or through a bank or trust company to a Federal Reserve Bank or Branch or to the Treas urer o f the United States, W ashington 25, D.C., except that any bond marked “ D U P L I C A T E ” should be forwarded to the Bureau o f the Public Debt, Division o f Loans and Currency, W ashington 25, D.C. (b ) Certification o f request.— A fter the registered owner has identified himself and signed the request fo r payment, the certifying officer should complete the certification appearing at the end o f the form fo r request fo r payment and imprint his official seal or stamp. An embossing seal should not be used fo r this purpose. I f the officer has no other seal, he should prepare a separate certification which describes the bond, complete and sign it and impress the seal thereon. (c) C ertifying officers.— The follow ing officers are authorized to certify requests for payment o f Arm ed Forces Leave B on ds: (1) Banks, trust companies and branches.— Any officer o f any bank or trust company incorporated in the United States or its organized territories, or domestic or foreign branch o f such bank or trust company, including those doing business in the organized territories or insular possession o f the United States under Federal charter or organized under Federal law ; Federal Reserve Banks, Federal Land Banks, and Federal Ilom e Loan Banks; and any employee o f any such bank or trust company expressly author ized by the corporation fo r that purpose, who should sign over the title “ Designated Em ployee” ; (2 ) Veterans’ home or hospital or other facility.— The officer in charge o f any home, hos pital, or other facility o f the Veterans Administration (only for patients and members o f such fa cilitie s); (3 ) F oreign countries.— A ny United States diplomatic or consular representative; a notary or other officer authorized to administer oaths, whose certification must be accom panied by a certificate as to his official character and jurisdiction certified by a United States diplomatic or consular officer under seal o f his office (see (b ) a b o v e ); (4) A rm ed forces.— Commissioned officers o f the Arm y, Navy, A ir Force, Marine Corps, and Coast Guard o f the United States for members o f their establishments or civilian employees (and the families o f such members or employees) under their jurisdiction, persons in countries in which there are no United States diplomatic or consular repre sentatives and persons who are in areas remote from such representatives; (5) Special provisions.— The Commissioner o f the Public Debt, the Chief o f the Division o f Loans and Currency, or a Federal Reserve Bank is authorized to make special provi sion fo r certification in any particular case in which none o f the officers authorized to certify requests for payment o f Armed Forces Leave Bonds is readily accessible. D o u g la s D i l l o n , Secretary o f the Treasury. 658980°—62
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