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Full text of "Gold Coins and Certificates Purchased at Face Value"

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OF JANUARY 18, 1934, No. 1 - 17 

The Secretary of the Treasury issued instructions tonight (Jan.17), 
authorizing the Treasurer of the United States, the United States 
Mints and Assay Offices, and the Federal Reserve Banks to continue, 
until further notice, to receive gold coin and gold certificates 
and to pay therefor in other currency at their face value, They 
were also authorized to receive gold bullion and to pay for it at 
the statutory rate of $20.57 per ounce, 
The instructions issued tonight are made subject to the 
rights reserved in the Secretary's order of January 15 setting 

midnight of Jamuary 17 as the final date on which gold coin, gold 


ertificates and sold bullion might be delivered in compliance 


ith the Secretary's order of December 28, 1933, 

Inquiries have been received by the Treasury Department 
from business men who desire to know whether they may continue 
to accept gold coin and certificates in payment for merchandise 
and services, The instructions which were sent out tonight 

will provide a way by which they may dispose of receipts of zold 

coin and gold certificates and receive payment for them 


Bureau of the Budget 

Information for the Press Jamary 20, 1934, 

For Immediate release 

Many inquiries made of the Bureau of the Budget concerning 
(1) the allocation of funds by the Public Works Administration from 
the appropriation of June 16, 1933, of $3,300,000,000, for National 
Industrial Recovery, and also concerning (2) the expenditures of the 
Reconstruction Finance Corporation, indicate that the persons making 
these inquiries have overlooked the fact that summaries of such data 
appear in the 1935 Budget. The allocations from the appropriation 
for National Industrial Recovery will be found in Budget Statement 
No. 5, page A80, and the summary of the expenditures of the Recon- 
struction Finance Corporation in Budget Statement No. 6, page Ase. 

These statements are listed in the "Table of Contents", 

page III, but through inadvertence reference to them was not in- 

cluded in the Budget index,