The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
CULAR NO. ( CJUULC(J FEDERAL RESERVE BANK OF N E W YORK DISOO-^ITIO;; OF G^TIFICAT"S OF I'-l January 22, 1519- uioC'TrprDss DIE: JANUARY 30, 191: • To Banks and Trust Companies in D i s t r i c t l b , 2: Dear " i r s ; In order t h a t ire may be advised as to what d i s p o s i t i o n owners of c e r t i f i cates of indebtedness, s e r i e s 4 G, dated October 1, l s l o , iue January 30, 1915, wish made of c e r t i f i c a t e s of ouch issue held in the various departments of t h i s bank, » . uld a p p r e c i a t e i t i f you would furnish us as promptly as p o s s i b l e with the follow* information r e l a t i v e to any c e r t i f i c a t e s of S e r i e s 4 G belonging to your i n s t i t u t i o n which we hold at p r e s e n t or which may be held by us on the 30th i n s t a n t . In the case of c e r t i f i c a t e s held unpledged or as excess c o l l a t e r a l , please advise us (1) " / i l l you aoply a l l or any p a r t of such c e r t i f i c a t e s on the f i n a l payment clue January 30, 1919, on fourth Libe^tv Loan bonds or (2) Do vou wish the c e r t i f i c a t e s redeemed? (3) Ir- case you d e s i r e the c e r t i f i c a t e s redeemed, olease i n d i c a t e what d i s p o s i t i o n you w i l l wish made of the oroceeds. 77ith re^nsct to t h i s s e r i e s should a l l or any p s r t of your c e r t i f i c a 1 iged as c o l l a t e r a l for Government d e p o s i t s , '»e would request you promptly t< stit rrefor e l i g i b l e paper or s e c u r i t i e s u n l e s s such c e r t i f i c a t e s renresci C3-CC c o l l a t e r a l . In the ca^e of c e r t i f i c a t e s of S e r i e s 4 G o,r,ned by member banks held by the Discount Department, vre propose to c r e d i t the r e s p e c t i v e accounts with the proceed" thereof at m a t u r i t y and charTe a l i k e amount on account of notes for which the c e r t i f i c a t e s ore pledged as c o l l a t e r a l . In t h e event t h a t you a n t i c i p a t e using such cert i f i c a t e s now with our Discount Department in payment of Fourth Liberty Loan bonds on January 30th, please inform us promptly in order t h a t we may be able t o d e l i v e r them :<.n advance to our Bond Issue D i v i s i o n . This l a t t e r plan w i l l of course n e c e s s i t a t e your paymg off the loan or s u b s t i t u t i n g as c o l l a t e r a l a l i k e amount of Liberty Loan bonds or c e r t i f i c a t e s of indebtedness of another i s s u e . In case any of the c e r t i f i c a t e s are held by us as above s t a t e d , kindly send us the i n s t r u c t i o n s asked for, a d d r e s s i n g your r e p l y to the S e c u r i t i e s Department. If r.onc of the c e r t i f i c a t e s are held by us now or by the t h i r t i e t h of January, i t w i l l of course not be necessary for you t o r e p l y to t h i s l e t t e r . Very t r u l y y o u r s , " . K. T°F0 DBnutv Governor.
@FedFRASER