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FEDERAL RESERVE BANK OF NEW YORK TEMPORARY OFFICE, 27 PIKE STREET Circular No. la New York, October 30, 1914. To the P r e s i d e n t , R e f e r r i n g to the payment of the f i r s t Installment of t h e c a p i t a l stock of the Federal Reserve Bank of New York t o be made a t the office of the New York Clearing House Association on Monday, November 2nd, i t i s p o s s i b l e t h a t the National banks of t h i s c i t y w i l l be asked to make a number of payments for t h e i r correspondents i n o t h e r p a r t s of t h e d i s t r i c t . I t would g r e a t l y f a c i l i t a t e the prompt handling of these payments and the i s s u e of the C e r t i f i c a t e s of Payment i f each bank would p r e s e n t w i t h i t s payment each day a schedule, l i s t i n g the member barJcs for which payment i s made, s t a t i n g the araount paid by each and giving s p e c i f i c d i r e c t i o n s for the d e l i v e r y of the C e r t i ficates. I t would a l s o f a c i l i t a t e t h e handling of these payments i f t h e s e schedules, accompanied by the gold c e r t i f i c a t e s , in large denominations, could be d e l i v e r e d a t the Clearing House before 12 o ' c l o c k each d i y , and i f any payments d i r e c t e d to be made subsequent to t h a t hour could be delayed u n t i l the following business day. Respectfully y o u r s , BEIT J . STRONG, J r . , Governor. FEDERAL RESERVE BANK OF N E W YORK TEMPORARY OFFICE. 27 PINE STREET N E W YORK, October 30, 1914. To THE PRESIDENT. Referring to the payment of the first installment of the capital stock of the Federal Reserve Bank of New York to be made at the office of the New York Clearing House Association on Monday, November 2nd, it is possible that the National banks of this city will be asked to make a number of payments for their correspondents in other parts of the district. It would greatly facilitate the prompt handling of these payments and the issue of the Certificates of Payment if each bank would present with its payment each day a schedule, listing the member banks for which payment is made, stating the amount paid by each and giving specific directions for the delivery of the Certificates. It would also facilitate the handling of these payments if these schedules, accompanied by the gold certificates, in large denominations, could be delivered at the Clearing House before 12 o'clock each day, and if any payments directed to be made subsequent to that hour could be delayed until the following business day. Respectfully yours, BENJ. STRONG, JR., Governor. 4*,!*) November 9 , 1914. A s s i s t a n t Treasurer of the United S t a t e s , New York C i t y , New York. Dear S i r : ife hand you herewith $ in gold. Will you k i n d l y d e p o s i t the proceeds with the Federal Reserve Bank of New York f o r our c r e d i t . Yours very t r u l y , Cashier. / FEDERAL RESERVE BANK OF N E W YORK NEW YORK CITY NEW YORK, DEAR S I R : — Certificate of Payment for $ the is enclosed herewith, representing instalment of your Subscription to shares of the Capital Stock of the Federal Reserve Bank of New York. Please sign and return the attached receipt. BENJ. STRONG, JR., Governor. Received from Federal Reserve Bank of New York, Certificate of Payment No for $ , representing the Instalment of Subscription to shares of the Capital Stock of the Federal Reserve Bank of New York. by
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