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Q Jr • o o. LGf~Y FED ER A L R ESERVE BANK O F N EW YORK June 17, 1975 BICENTENNIAL COINS To A ll Banks in the Second Federal Reserve D istrict: To commemorate the Bicentennial of the Am erican Revolution, legislation enacted in 1973 provides for a new coinage design for all dollar, half-dollar, and quarter-dollar coins minted for issuance on or after July 4, 1975. W e expect to have an initial supply of Bicentennial half-dollars for distribution begin ning July 7, of Bicentennial quarters beginning September 2, and of Bicentennial dollars be ginning October 1, 1975. In order to make an equitable distribution we have established allot ments for both member and nonmember banks in this D istrict. The amounts allotted to your bank are shown below and are the maximum amounts that you may order initially and in subsequent months. O rders for the amounts allotted should be separate from any other order for currency or coin submitted to this Bank and should be clearly identified as orders for Bicentennial coin. A bank th at customarily uses the coin-order form supplied by us should use th at form for this purpose; other banks should order by letter. A member bank should send its order to the office of this Bank from which it usually receives currency and coin. A nonmember bank located in the territory assigned to our H ead Office should submit its order to our H ead Office, and a nonmember bank located in the territo ry assigned to our Buffalo Branch should submit its order to the Branch. Paym ents by member banks for Bicentennial coin should be made in the same m anner as payments for regular coin o rd e rs; delivery of Bicentennial coin will be made in the same m anner as at present for regular coin. Banks located in Puerto Rico that normally order coin from the cash depot in San Juan, Puerto Rico, should order Bicen tennial coin from that cash depot and make payment therefor in the same m anner as for reg ular coin orders. Savings and other nonmember banks should make arrangem ents to pick up their orders, order through their correspondent member banks, or request a mail delivery; a request for a mail delivery should be accompanied by payment covering the dollar amount ordered, the postage and registered mail fee o f $21.48 per bag ($31.53 per bag for banks in Puerto Rico and the V irgin Islands), and a $3.00 handling charge per order. Beginning with the initial distributions of Bicentennial coin and until such time as our supplies of the new coins w arrant a change, we will pay such coins to only one office of a bank. Accordingly, a bank that wishes to receive Bicentennial coin should designate one office to submit its orders monthly for the allotted am ounts shown below. If you have any questions concerning these m atters, please call, at our H ead Office, A n thony O. Acquaviva, Chief, Coin Division (Telephone No. 212-791-5112), or at our Buffalo Branch, Philip G. Coletti, Chief, Cash Division (Telephone No. 716-853-1700, Extension 294). A l fr ed H a y e s, President. May be ordered beginning H alf d o lla rs ____ _________ July 1975 Q uarters ___ ___ __ ______September 1975 Dollars _________________ October 1975 Your initial allotment Your subsequent monthly allotments
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