Full text of Federal Reserve Bank of New York Circulars : Change in Distribution of New Cupro-Nickel Eisenhower Dollars

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FED ERAL R ESERVE B AN K
O F N E W YORK

January 14, 1972

Change in Distribution of New Cupro-Nickel
Eisenhower Dollars

To all Banks in the Second Federal Reserve District:

As announced in our letter dated October 22, 1971, this Bank began
distribution of the new cupro-nickel Eisenhower dollars on November 1,
1971. In order to assure an equitable apportionment of these coins, the
initial distribution was made on an allotment basis to only one office of
each bank requesting a supply of the coins.
W e now have an adequate supply of the new dollar coins to enable
us to distribute them without having to make specific allotments to each
bank. Beginning January 17, we will accept orders from main offices
and their branches for reasonable amounts of the new coins. In all other
respects, orders for the new coins should be made in accordance with
the procedures set forth in our October 22, 1971 letter.




A

lfred

H

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,

President.