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CIRCULAR N O . 71. <ULdUdL ty FEDERAL RESERVE BANK OF N E W YORK NEW YORK, June n , 1917. To THE CASHIER, SIR: In accordance with the practice established shortly after the organization of this bank, I take pleasure in advising you of a number of matters which should prove of interest to our members. At the request of the Secretary of the Treasury, the Federal Reserve Bank of New York has organized a Liberty Loan Committee t o take charge of the campaign in this district for placing the Liberty Loan bonds, as well as of all the details of handling the subscriptions and issuing the bonds and the interim receipts therefor. The membership of this committee you have doubtless seen announced in the press. A subcommittee has been formed to take charge of the Bond Issue Division of the bank which will be responsible for all matters connected with the actual handling of subscriptions and deliveries. This subcommittee is composed of Mr. William Woodward, Chairman, and Messrs. W. E. Frew, G. E. Gregory, L. F. Sailer and L. B. Franklin. The bank has appointed Mr. Gregory manager of the division and Messrs. W. G. Brady, Jr., W. E. Cable, Jr., F. K. Lister, W. M. St. John, P. D. Bogue and J. W. Jones, as assistant managers. These gentlemen are authorized to sign in behalf of the Bond Issue Division of the bank. Messrs. W. E. Dawson, V. A. Harvey, R. A. Faust and G. H. Oldring are also authorized to sign receipts in behalf of the division. All letters and inquiries with respect to matters handled by this division should be addressed to: FEDERAL RESERVE BANK OF NEW YORK Bond Issue Division, Room 518, Equitable Building, New York City. Another temporary department of the bank has been organized for the purpose of handling securities to be received as collateral for Government deposits. Mr. G. W. Davison has been appointed acting deputy governor of the bank and placed in charge of this department, which is to be known as the Government Deposit Department. The bank has also authorized Messrs. Edwin A. Seasongood and Harry E. Ward to sign for the department in behalf of the bank. All letters and inquiries with respect to matters handled by this department should be addressed to: FEDERAL RESERVE BANK OF NEW YORK, Government Deposit Department, 50 Wall Street, New York City. Mr. A. W. Gilbart has been appointed an assistant cashier of the bank, effective as of June 1, 1917, and a fac simile of his signature, as well as fac similes of the signatures of the other permanent officers of the bank, is enclosed herewith. Respectfully, BENJ. STRONG, Governor. FEDERAL RESERVE BANK OF N E W YORK June 12, 1917* Dear Sirs; In order to facilitate you in using the certificates of indebtedness which vrc hold as collateral security for a deposit with you in our name as fiscal agent of the United States, v/c arc prepared to deliver such certificates on or before June 15, 1917, to the Bond Issue Division of the bank and to receive in exchange from that division its nonncgotiablc receipt for Liberty Loan bonds or interim certificates. Such receipts or certificates can then be used hy us as security for the temporary deposit now with you. This can be done without disturbing the deposit. If you desire us to do this, will you kindly fill in and sign the enclosed form and return at once. Very truly yours, Cashier. Enc. Federal Reserve Bank of Now York, New York, M* Y« Dear Sirs: You hold for our account the following certificates of indebtedness of the United Statos as security for Government doposits: 0 %, S t , Due 0 i ,Puo , Due % 0 > • » • i • i 11 • i / Due tut i m It is our dosire to use those certificates of indebtedness in payment of our subscription to tho Liberty Loan and wo would thank you to deliver these certificates of indebtedness to the Bond Issuo Division of tho Federal Resorvc Bank of Now York and receive in return therefor, their roccipt covering a payment of like amount on our subscription to Liberty loan bonds, namoly, 0 Please hold such receipt and/#r the bonds which it represents as security for tho temporary doposits on our books in tho name of the Federal Rescrvo Bank of New York as fiscal agent oi the United Statos. . Bank Cashier.
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