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W. P. G. HARDING. GOVIRNOR
WILLIAM G. llcADOO SICRITAltY OP' THI TRIAIUJIY
CHA.UHi.AH
JOHN SKELTON WILLIAMS COMPTROLLER OF THI CURRINCY
x .. 592 FEDERAL RESERVE BOARD
WASHINGTON
PAUL II. WARBURG, VICI GOYUNOR . .FREDERIC A. DELANO
ADOLPH C. MILLER CHARLES S. HAMLIN
H. PARKER WILLIS, S!CRITARY SHERMAN P. ALLEN. Asar. SICRITAU'
AND FISCAL AGINT
ADDRK88 Rll.PL Y TO
FEDERAL RE8ERVI: •OARD
PIVISION OF AUPIT ANP EXAMINATION
TAX ON PARCEL POST PACKAGES. -December 20, 1917.
Dear Sir:
The Commissjoncr of Intern~l Revenue has advised
the BoRrd thRt Federal Reserve banks are subject to the war stamp.
tax imposed by 61.-'bdi·r:i.sion 14 of Schedule A, a:ct of October 3, 1917,
upon .. parce). post pacbges, '\nd st1.tes thtt·t this tax applies to all
packages ':ln wld ch pcst<tge required to be p11id amounts to 25,£ or more.
The Cornrnissiom:.r a:lvises that post~l authorities Rre prohlibi"ted
from trl'l.nspor··Ling such pq_ck<tgos until n. stamp or stamps representing
the tax due sl.'ill have been 'lffixed thereto, 'lnd th'lt there is no
exemption provided by the act for those "lge11c ies or departments
of the government, including the Federal Reserve b'lnks, mailing such
p~ck'lges, wbe~e postnge is ~o be p~id thereon.
Very truly yours,
Governor.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis