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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.