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Under the Federal Reserve Act of 1913, banks/associations are federal government agencies
and the US Secretary of Treasury is holding our original signed bonds (Check deposit,
Written Checks, Credit Cards receipts & obligations of the U.S.) as collateral. Therefore,
the exchanged Security Interest is taxable Federal Withholding to be filed as gross
income.
Security Interest is the exchange of Collateral Securities by the Charter One/ RBS
Citizen Banking Association via Federal Reserve Banks to be deposit with the Secretary of
Treasury in trust. The law for the exchange enacted on March 9, 1933:
Emergency Banking Act, 73rd Congress, session I, Chapter 1, Title IV Sec. 401.
Sec. 401. The Sixth paragraph of Section 18 of the Federal Reserve Act (1913) is amended to
read as follows:
"Upon the deposit with the Treasurer of the United States, (a) of any direct obligations of the
United States or (b) on any notes, drafts, bills of exchange, or bankers' acceptances acquired
under the provisions of the Act, any Federal reserve bank making such deposit in the manner
prescribed by the Secretary of the Treasury shall be entitled to receive from the Comptroller of
the Currency circulating notes in blank, duly registered and countersigned. When such
circulating notes are issued against the security of obligations of the United States, the
amount of such circulating notes shall be equal to the face value of the direct obligations of
the Unites States so deposited as security; and, when issued against the security of notes,
drafts, bills of exchange and bankers' acceptances acquired under the provisions of this Act,
the amount thereof shall be equal to not more than 90 per cent of the estimated value of such
notes, drafts, bills of exchange and bankers' acceptances so deposited as security."
Penalties for not filing Redeeming Notes on Demand and Notice:
a. Statutes at Large, Volume 13 pages 113, Sec 46 thru 50 - fail to redeem circulating
notes upon demand notice, & Comptroller of the Currency penalties.
b. 18 USC 1621 Perjury generally
With that said, Mr. Bruce Van Saun, please respond to the Notary's address below,
within 15 days from the date of this letter. Furthermore, do your due diligent, so that
the 1099-0ID interest/credit shall be reported to IRS, and mail copy B to Estate
(recipient) representative and redeem credit to the Treasury of the United States in
trust (Statutes at Large, Vol. 13 page 105 Sec.19) on the bank's behalf.
If any of the procedures and/or laws above is incorrect then note the deficiency and
submit changes with Codes, Slip laws or Statutes at large as evidence of correctness.
Mary L. Butts
P.O. Box 23245
Detroit, Michigan 48223
By: Executor____________________
Office of Executor
CC:
Douglas H. Shulman, Commissioner of the IRS
Bill Schuette, Attorney General of Michigan
Thomas J. Curry, Comptroller of the Currency
Jacob J. Lew, Secretary of the Treasury
________________________________________________
Notary Signature
Date
SEAL