The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
/
FEDERAL RESERVE BANK OF new YORK CIRCULARS
FOR THE YEAR 1950
OH CERTAIN OPERATIONS AND ACTIVITIES INCLUDING THOSE
AS FISCAL AGENT OF IHR UNITED STAT3S
Circulars Mos. 3524 - 3636
(Ho Operating Circular* Included)
VOLUME 26
Index for 1950 circulars starts on next page
(An index for ell circulars from Nos. 1 - 301*1* issued during the
years 191b - 191*5 is conteined in Volume 22, and indexes of
circulars for 191*6, 191*7, 1948 and 191*9 (Nos. 301*5 - 3523) sre
contained in Volumes 22, 23# 21* and 25, respectively.)
Press and Circulars Division
INDEX OF CIRCULARS 0? THR FBHERAL RESERVE 8AWK OF
YOB*
For the Year 1950
Circular* No*. 3524 - 3636
VOLUMS 26
Circular
No.
ANNUAL STATEMENT
Thirty-fifth, for the year 191*9, January 5, 19%0.....................
j&26
APPOINTMENTS
(So* also DIRECTORS)
N. Baxter Jackson, member of Federal Advisory Council for 1950 . . . . . .
3525
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
'
Currently *ff*ctive li*t of Board'* Regulation* and of our operating
circular* *nd revieed table of content* to the Board'* Regulation*,
Arch 2b, H % 0 ................................................. at 35b9
Regulation:
3636
D-Supplement, December 26, 1950 ......... . ....................
T -As amended to July 20, 19b9, January 31, 1 9 5 0 ......... * . . . .
3$35
U -As amended to July 20, 191*9, March 16, 1 9 5 0 ....... ...........
351*5
V - Amendment to guarantee agreement covering "loss on loan" r**ulting
from recovery by Government againet assignee, Dee^aber lb, 1950 . .
3626
V - A* revieed effective September 27, 1950 . . . . . . . . . . . . . .
3599
V - Statement outlining purpoees of revieed regulation, September 26,
1950 ......................................................
3591*
W - Amendment No. 1, effective October 16, 1950 ....................
3603
W - Designation of automobile appraiaal guide*, September lit, 1950 . . .
3586
W-Disaster credits, November 29, 1950 ................... . . . .
3621
W - Filing of registration statements, September 29, 1950 . .........
3597
W - Filing of registration statement*, November 10, 1950 . . . . . . . .
3612
W - Large quantity aalee of listed articles, December 27, 1950 .......
363b
W - Leasing arrangements, December 15, 1950 . . . . ............. . .
3627
W - Limitation* on exempt di*a*ter credit*, December 27# 1950 .......
3635
w - Revised effective September 18, 1950 .............. ...........
3586
V - Summary of interpretations, December 1950 ....... ......... . . at 3631
X - Amendment No. 1, effectiv* November lb, 1950 ....................
3611*
I - Interpretation of eection 5(g) of the regulation, etc., November
9, 1950 ...................................................
3611
X - Interpretation of eection l*(c) of the regulation, etc., November
16, 1950 ...................................................
3616
I - Members of advisory committee, November 3, 1950 . . . . . . . . . .
3609
% - Residential real eatate credit, effective October 12, 1950 . . . . .
3600
X-Statement of borrower forma, October 16, 1950 . . . . . . . . . . .
3&0h
BONDS
(See TREASURY ISSUES)
CASH ITEMS
(See CHECKS)
CERTIFICATES OF INDEBTEDNESS
(See TREASURY ISSUES)
Index of Federel
Reserve Beak
C ircuit!*
So.. 3S2h- 3636
- !-
CUwHr
<*.
CHECKS
Himeogr^hed letter regarding hurricane conditions in Florida, October
20, 1 ^ 0 . ..................... ........... .
at 360$
Mimeographed letter regarding atom conditions ia Western Pennsylvania,
November 27, 1950 . . . ................ . * ....... . * * * * * at 3619
Negotiation of National Service Life Insurance dividend checks, September
8, 1 9 % ) ....................................................
38%
Raised Treasury checks, May 16, 1950 . * * ................ * * . * * at 3560
Revision of Buffalo Branch Tine Schedule, February 1, 1950 . . . . . . .
353$
CIRCULARS
Currently effective lists of our operating circulars and Board'a
Regulations and a Revised Table of Contents to the Hoard's Regulations,
March 2it, 1950 ................................. . ......... .
COIN
Lifting of railway express embargo on shipments of coin to this Bank,
October 13, 1950 .......................................... . .
Shipments of coin to this Bank during the present railway expresa
embargo, September 25, 1950 . . . . . . . . . . . . . . . . . . . . .
COLLECTIONS
Negotiation of National Service Life Insurance dividend checks, September
8, 1950 .....................................................
at359h
3602
3593
3595
CONSUMER CREDIT
Amendment Mo. 1, effective October 16, 1950 .................... . .
3603
Designation of automobile appraisal guides, September 111, 1950 . . . . .
3588
Disester Credits, November 29, 1950 .............................. .....3621
Filing of registration statements, September 29, 1950 . . . . . . . . .
3597
Filing of registration statements, November 10, 1950 ............ . .
3612
Large quantity sales of listed articles, December 27, 1950 . . . . . . .
363h
Lessing Arrangements, December 15, 1950 . . . . . . . . . . . . . . . .
%27
Limitations on exempt disaster credits, December 27, 1950 . . . . . . .
3635
Revised effective September 18, 1950.............................. .....3586
Summary of interpretations, December 1950 ............. . . . . . . . at 3631
COUNTERFEIT CURRENCY (Mimeographed letters)
(q4) $10 and $20 Federal Reserve Notes, March 2^, 1950 . . . . . . . . .
(rit) $10 and $20 Federal Reserve Notee, August 21, 1950 . . . . . . . .
CURRENCY
(See also COIN)
Lifting of railway express embargo on shipments of coin to this Bank,
October 13, 1950 ..............................................
Shipments of coin to this Bank during the present railway express
embargo, September 25, 1950 ...................................
DAYLIGHT SAVING TIME
Beginning April 30, 1950 . . . . . . . . . . + . . . ................
Return to Standard time, September 2it, 1950 . . . . . . .............
DEPOSITARIES FOR WITHHELD TAXES
(See DEPOSITS OF PUBLIC MONEYS)
at 35b9
at 3579
3602
3g?3
355^
35%
Index of Federal
Reserve Bank
Circulars
Nos. 352i4-3636
Circular
- 3 -
No*
DEPOSITS OF PUBLIC MONEYS
Change in grouping of war loan depositaries, December 20, 1950 . . . . .
Deposit of Federal Taxes With Depositary Banks and Federal Reserve Banks Discontinuance of Special Draft for Credit in Treasury Tax and Loan
Account, August 8, 1950 . . . . . . . . . . . . . . . ......... . . .
Deposit of Federal Taxes ?&th Depositary Banks - Revision of Operating
Circular Mo. 18, March 1$, 1930 .................... .............
3631
3575
DIRECTORS
September 28, 19!>0 - Frederic E. Worden, Marion B. Folsom, terms expire
December 31# 1950 . . . . . . . . . . .......... . . . . . . . . . .
September 29# 1950 - printed letter of Class A and B directors of this
Bank to member banks in the groups which elected the, etc.
November 1, 1950 - Burr P. Cleveland, Marion B. Folsom nominated by
banks in Gxoup 2 ..............................
November 16, 1950 - Burr P. Cleveland elected, Marion B. Folsom
reelected for three-year term beginning January 1, 1951 . . . . . . . .
President's Report to, for year 19^9# March lit, 1950 ................
3617
at 351*3
DIRECTORY
Historical Directory of the banks of the State of New York, Cumulative
Supplement No. 2; Directory of New Jersey Banks, Cumulative Supplement
No. 3# both dated February 1, 1950 . . . . . . . . . . . . . . . . . .
Of this Bank, January 31# 1950 ....................................
at 3539
at 3535
DIVIDEND
Janua3y 1, 1950 to June 30, 1950 . . . . . . . . . . . . . . . . . . . .
July 1, 1950 to December 29# 1950 .............. ..................
at 3565
at 3629
3596
at 3597
3607
EXCHANGES
(See TREASURY ISSUES)
FEDERAL RESERVE BOARD
(See BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM)
FINANCIAL STATEMENTS
Simplified commercial credit file, December 15# 1950
..........
3626
FOREIGN EXCHANGE
Reports of transactions in foreign exchange, transfers of credit and the
export of coin and currency - Revision of Operating Circular No. 19,
March 2it,.............. ..
35i*9
GOVERNMENT DEPOSITS
(See DEPOSITS OF PUBLIC MONEYS)
GUARANTEED LOANS TO INDUSTRY
(See LOANS)
Index of Federal
Reserve Bank
Circulars
Nos. 352b - 36%
Circular
- it -
^o.
INSTALMENT CREDIT
(See CONSUMER CREDIT)
LOANS
Loan Guarantees for Defense Production (Regulation V) - statement
outlining purposes of revised regulation, September 26, 1950 . . . . . .
Loan Guarantees for Defense Production (Regulation V) - revised
effective September 27, 1950 . . . . . . . . . . . . . . . . . . . . . .
Loan Guarantees for Defense Production (Regulation V) - amendment to
guarantee agreement covering "loas on loan" resulting from recovery
by Government; against assignee, December lb, 1950 ..................
3594
3599
3626
MARGIN REQUIREMENTS
(See BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Regulations T and U)
MEMBER BANKS
New ^
Bank of Allwood, Clifton, New Jersey, October 10, 1950 .................
at 3599
Operating ratios of member banks in the Second Federal Reserve District
for the year 19b9# March 2, 1950 ..................................
351*1
NEW MEMBER BANKS
(See MEMBER BANKS)
NOMINATIONS
(See DIRECTORS)
NOTES
(See CURRENCY; TREASURY ISSUES)
RATES OF DISCOUNT
Discount Rates, August 18, 1950
. . . . . . . . . . . . . . . . . . . . .
3578
REGULATIONS
(See BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM)
REAL ESTATE - REGULATION X
Amendment No. 1, effective November lb, 1950 . . . . . . . . . . . . . . .
Interpretation of section 5 (g) of the regulation, etc., November 9#
36lb
i ? 5 o ..................................................................................... ................................................ ............ 3611
Interpretation of section b (c) of the regulation, etc., November 16,
1950 ...................................................................................................................................... ............ 3616
Members of advisory committee, November 3, 1950 ........................... 3609
Preservation of records, December 13, 1950 . . . . . . . . . . . . . . . .
3625
Residential Real Estate Credit, effective October 12, 1950 . . . . . . . .
36OO
Statement of borrower forms, October 16, 1950 ....................... ..... 360b
Index of Federal
Reserve Bank
Circulars
Nos, 3£>2Jt - 3636
—
5
«*
Circular
Ho.
RESERVES
Supplement to Regulation D effective January 11 to February 1, 1951
(in inatalaenta) . . . . ............. . . . . . . . . . . . . .
3636
SECURITIES
Safekeeping, Handling and Shipment of Seearltiea - Reriaion of
Operating Circular He. Ik, Moveaber 13, 1950 . . . . . . . . . . .
3613
SHIPMENTS
(See CURRENCY; SECURITIES)
STANDARD TIME
(See DAYLIGHT SAVING TIME)
STATEMENTS
(See ANNUAL STATEMENT; FINANCIAL STATEMENTS)
TAXES
(See DEPOSITS Of PUBLIC MONEYS)
TIME SCHEDULES
(See CHECKS)
TREASURY TAX AND LOAN ACCOUNT
(See DEPOSITS O f PUBLIC MONEYS)
TREASURY BILLS
♦900,000,000 91-day, January 12, 1950, aaturing April 13, 1950 .
♦900,000,000 91-day, January 19, 1950, maturing April 20, 1950 .
♦900,000,000 91-day, January 26, 1950, aaturing April 27, 1950 .
$1,000,000,000 91-day, February 2, 1950, maturing Hay 4, 1950 .
11.000.000.000 91-day, February 9, 1950, aaturing toy 11, 1950 .
$1,000,000,000 91-day, February 16, 1950, aaturing Kay 18, 1950
>1,000,000,000 91-day, February 23, 1950, aaturing May 25, 1950
♦1,000,000,000 91-day, March 2, 1950, aaturing June 1, 1950 ,
♦1,000,000,000 91-day, March 9, 1950, aaturing June 8, 1950 .
♦900,000,000 91-day, torch 16, 1950, aaturing June 15, 1950 <
♦900,000,000 91-day, March 23, 1950, aaturing June 22, 1950 .
♦900,000,000 91-day, March 30, 1950, aaturing Jane 29, 1950 ,
♦900,000,000 91-day, April 6, 1950, aaturing July 6, 1950 . .
>1,000,000,000 91-day, April 13, 1950, maturing July 13, 1950
$1,000,000,000 91-day, April 20, 1950, aaturing July 20, 1950
41.000.000.000 91-day, April 27, 1950, aaturing July 27, 1950
$1,100,000,000 91-day, Hay 4, 1950, aaturing August 3, 1950 .
11.100.000.000 91-day, May 11, 1950, aaturing August 10, 1950
$1,100,000,000 91-day, May 18, 1950, aaturing August 17, 1950
$1,100,000,000 91-day, May 25, 1950, aaturing August 24, 1950
$1,100,000,000 91-day, June 1, 1950, aaturing Aaguet 31, 1950
$1,100,000,000 91-day, Jane 8, 1950, aaturing Septeabar 7, 1950
$1,000,000,000 91-day, June 15, 1950, aaturing Septeabar 14, 1950
$1,000,000,000 91-day, June 22, 1950, aaturing September 21, 1950
$1,000,000,900 91-day, June 29, 1950, aaturing Septeatoer 28, 1950
$1,000,000,000 91-day, July 6, 1950, aaturing October 5, 1950 . ,
$1,000,000,000 92-day, July 13, 1950, aaturing October 13, 1950
362lt
3527
3531
3533
3636
$37
3539
3540
3542
3543
3546
3548
3550
3551
3552
3553
3555
3556
3559
3560
3562
3563
3564
3665
3567
3568
3569
Index of Federal
Reserve Beak
Circular#
Mo*. 352b - 3636
- 6 -
TREASURY BILLS (Continued)
$1,000,000,000 91-day, July 20, 1950, maturing October 19, 1950 . . .
$1,000,000,000 91-day, July 27# 1950, eaturing October 26, 1950 . . .
$1,100,000,000 91-day, August 3, 1950, msturiag November 2, 1950 . . .
$1,100,000,000 91-day, Auguat 10, 1950, maturing November 9, 1950 . .
$1,100,000,000 91-day, August 17, 1950, maturing November 16, 1950 . .
$1,100,000,000 92-dsy, August 2b, 1950, maturing November 2b, 1950 . .
$1,100,000,000 91-day, August 31, 1950, maturing November 30, 1950 . .
$1,100,000,000 91-day, September 7, 1950, maturing December 7, 1950 .
Result* of Bidding for Treasury bills dated August 31, 1950, August
29, 1950 ......... ..........................................
$1,000,000,000 91-day, September lb, 1950, maturing December lb, 1950
$1,000,000,000 91-day, September 21, 1950, maturing December 21, 1950
$1,000,000,000 91-day, September 28, 1950, aaturing December 28, 1950
$1,000,000,000 91-day, October 5, 1950, aaturing January b, 1951 . . .
$1,000,000,000 90-day, October 13, 1950, maturing January 11, 1951 . .
$1,000,000,000 91-dsy, October 19, 1950# maturing January 16, 1951 . .
$1,000,000,000 91-day, October 26, 1950, maturing January 25, 1951 * *
$1,100,000,000 91-day, November 2, 1950, maturing February 1# 1951 . .
$1,100,000,000 91-day, November 9, 1950, aaturing February 6, 1951 . *
$1,100,000,000 91-day, November 16, 1950, maturing February 15# 1951 *
$1,100,000,000 91-day, November 2b, 1950, maturing Februexy 23# 1951 .
$1,100,000,000 91-day, November 30, 1950, maturing Kerch 1, 1951 . . .
$1,100,000,000 91-day# December 7, 1950# maturing s&rch 8, 1951 . . .
$1,000,000,000 91-day, December lb, 1950, maturing March 15, 1951 . .
$1,000,000,000 91-day, December 21, 1950, maturing March 22, 1951 . .
$1,000,000,000 91-dey, December 28# 1950# maturing Narch 29, 1951 . .
Results of Bidding for Treasury billa dated December 21, 1950,
December 19, 1950 ..........................................
$1,000,000,000 91-day, January b, 1951, maturing April 5# 1951 . . . .
Results of Bidding for Treasury bills dated December 28, 1950,
December 26, 1950 . . . . . . . . . . . . . . . . . . . . . . . . .
TREASURY ISSUES OF UNITED STATES SECURITIES
Announcement regarding new Treasury offering, January 16, 1950 . . . .
Announcement regarding new Treasury offering*, Ksy 5# 1950 . . . . . .
Announcement regardiog new Treasury offerings, August 16, 1950 . . . .
Announcement regarding new Treasury offering, November 2b, 1950 . . .
Call for redemption on September 15, 1950 of two issue* of Treeaury
Bonda, 2 1/2% Bonds of 1950-52 and 2% Bonds of 1950-52...........
Notice of redemption on February 26, 1950 of 2% Depoaitary Bonds,
Second Series, January 12, 1956 . . . . . . . . . . . . . . . . . .
1 l/b% Notes of Series A-1951# dated February 1# 1950# due October 1#
1951# in exchange for 1 l/b% Certificates of Indebtedness of Sorlea
8-1950, maturing February 1, 1950 . . . + . . . . . . . . . . . . .
1 l/b% Mote* of Series 8-1951# dated March 1# 1950, due July 1, 1951,
in exchange for 1 l/b% Certificates of Indebtedness of Seriae C-1950,
maturing %srch 1, 1950) 1 a/2% Notes of Series A-1955, doted March
15# 1950# due March 15# 1955# in exchange for 2% Benda of 1950-52#
dated October 19, 19b2# called foriedemption on March 15# 1950 . . .
Circular
Ha.
3571
3572
3573
357b
3576
3577
3580
3581
3562
356b
3587
3592
2&3
3598
3601
3605
3606
3608
3610
3615
3618
3620
3623
362b
3629
3*30
3632
3633
3529
3557
3579
3619
3556
3528
3530
3538
Index of Federal
Peeerveaank
Circular*
Mb.. 352h- 3636
Circular
- 7 -
TREASURY ISSUES OF UNITED STATES SECURITIES (Continued)
1 l/l^% ^ote* of S@riea C-1951, dated April 1, 1950, due July I, 1951,
in exchange for 1 1/%% Certificate* of ladebtedneee ef Seri** B-1950,
maturing April 1, 1950; 1 1/2% Mot** of S*ric* A-1955, dated M*rch
1$, 1930, dm* March 1$, 19$$ (Additional leaue), in exchange for
1 3/8% Notes of Sari** A-1%0, maturing April 1, 1950 . * . . * . . .
1 l/!& Note* of Seri** U-1951, dated June 1, 1950, doe July 1, 1951, in
exchange for 1 1/^4% Certificate* of Indebtedneee of Seriee &-1950,
maturing Juno 1, 19%) * * * + * * * * * * + * + * + * * * * * * * * *
1 1/T{% Mote* of Series K-1951, dated July 1, 1950, doe August 1, 1951,
in exchange for 1 1/%% Certificate* of Indebtedneea of Seriee F-1950,
meturing Julyl, 1950 . . * . + . * * + . + * * . * * + + + + * * * *
1 1/^% Mote* of Seriee F-1951, dated September 15, 1950, dee October 15,
1951, in exchange for 1 l/d% Certificate* of Indebtedness of Seriee
8-1950, maturing September 15, 1950, er 2% Benda of 1950-52, dated
April 1$, 19b3, due Sept*mbor 15, 1952, or 2 1/2% Bend* of 1950-52,
dated September 15, 19%# due September 15, 1952, both celled for
redemption on September 1$. 1950 * * . . . + . . . + . * . * * * . . .
1 l/b% Note* of Seriee 0-1951, dated October 1, 1950, due November 1,
1951, in exchange for 1 1/8% Certificate# of ladebtedneee of Series
8-1950, meturiag October 1, 1950 . . . . . . . . . . . . . . . . . . .
1 3/%% Note* of Seriee 8-1955, dated December 15, 1950, doe December 15,
1955, in exchange for 1 1/2% Sonde of 1950, maturing December 15, 1950,
or 1 1/3% Certificatee of ladebtedneee of Seriee A-1951, maturing
January 1, 1951 . . . . . . . ............
. . . . . . .
K°.
3$b7
3561
3566
3$&3
3590
3622
TREASURY NOTES
(See TREASURY ISSUES OF UNITED STATES SECURITIES)
UNITED STATES SAVINGS BONDS
Detached request* for payment of Bond*, July 12, 1950 * . . . . . . * .
Payment at maturing ef Bond* of Seriee &-19al - exchange for Bond* of
Series 8, December 29, 1 2 % . . . . . . + ......... ......... . .
Regulation* governing Savings Bonds - 6th Amendment to Treaeury Circular
No. 530, 6th3evieien, January 25, 1950 . . . . . + . . . . . . . . .
Special offering of Savings Bond* of Seriee F and 0 to institutional
investors! 7th Amendment to Treaeury Circular No. 530, 6th Revision#
end Treasury Circuler No. 6$b, 3rd Revision, September 15, 1950 . . .
WITHHELD TAXES
(See DEPOSITS OF PUBLIC MONEYS)
3570
et 3636
3532
35#
@FedFRASER