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W. P. G. HARDING. GOVER^RP AU L M. WARBURG. VICE GOVERNOR FREDERIC A. DELANO E X - O F F IC IO M E M B E R S W ILLIAM G. McADOO A D0LP&c CHARLES ST H rfR d tN SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON W ILLIAM S COMPTROLLER OF THE CURRENCY FEDERAL RESERVE BOARD H. PARKER W ILLIS . SECRETARY SHERMAN P. ALLE N . ASST. SECRETARY and WASHINGTON Fis c a l A g e n t A D D R E SS R E P L Y TO FEDERAL RESERVE BOARD June 1, 19174 To the Enployes On the Staff of the Federal Reserve Board: The Board has discussed methods of aiding its em ployes, - all of whom it feels sure, wish, from patriotic motives, to "become subscribers for Liberty Bonds. It does not, however, believe that the facilities which are offered by practically all of the banks in Washington, can be im proved upon. Most of the banks here have offered to receive subscriptions and to carry bonds of either $50 or $100 denomi nations for subscribers, and to accept payments in weekly or monthly installments. The Board would suggest that its employes acquaint themselves with the subscription plans offered by the banks in Washington, and would be much gratified if a very large proportion, if not all of its employes, should become sub scribers. Savings can not be invested more safely or in a nobler cause. Governor. Secretary.