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FEDERAL RESERVE BOARD WASHINGTON X-3273 December 1 9 , 1921. SUBJECT: I n s t r w t i c n s f o r F r a n c h i s e Tax Payments, December 3 1 , 1 9 2 1 . Dear S i r : The F e d e r a l Reserve Board d i r e c t s e a c h F e d e r a l R e s e r v e Bank t o c r e d i t t h e account of t h e T r e a s u r e r of t h e U n i t e d S t a t e s a t c l o s e of b u s i n e s s December 31ยป 1921 w i t h t h e amount due on a c c o u n t of i t s f r a n c h i s e t a x payment, i s s u i n g a c e r t i f i c a t e of d e p o s i t t h e r e f o r on Form 1, N a t i o n a l Banks, i n the name of t h e d e p o s i t i n g F e d e r a l Res e r v e Bank and on account of h F r a n c h i s e t a x r e c e i p t s f o r t h e c a l e n d a r y e a r 1921." P l e a s e w i r e the T r e a s u r y a t l e a s t one d a y i n advance of t h e e s t i m a t e d amount of y o u r payment and wire t h e Under S e c r e t a r y of t h e T r e a s u r y n o t l a t e r t h a n a t c l o s e of b u s i n e s s December 3 1 s t of t h e amount of c r e d i t a c t u a l l y made on account of f r a n c h i s e t a x e s * Wire t h e Under S e c r e t a r y n o t l a t e r t h a n noon, your t i m e , S a t u r d a y , December 3 1 s t , t h e t o t a l f a c e amount of V i c t o r y Notes to b e t e n d e r e d t o t h e T r e a s u r y on t h i s account and s t a t e i n your t e l e g r a m w h e t h e r t h e n o t e s a r e t e n d e r e d d i r e c t or t h r o u g h t h e F e d e r a l Reserve Bank of New York, t o g e t h e r w i t h t h e amount p a i d f o r p r i n c i p a l , t h e amount cf commissions, i f any, and the a c c r u e d i n t e r e s t t o December 3 1 s t . The T r e a s u r y d e s i r e s , as f a r as p o s s i b l e , t o c e n t r a l i z e t h e s e t e n d e r s a t t h e F e d e r a l Reserve Bank of New York. The T r e a s u r y w i l l g i v e f u r t h e r i n s t r u c t i o n s d i r e c t t o t h e F e d e r a l Reserve Banks concerned n o t l a t e r t h a n noon, December 3 1 s t , as t o t h e manner i n which s e t t l e m e n t w i l l b e made, t h r o u g h c h a r g e s i n the T r e a s u r e r ' s account, f o r the notes to be t e n d e r e d . Very t r u l y y o u r s , G o v e r n o r . CHAIRMEN OF AIL F . R . B-ABKB COPY TO GOVERNORS.
@FedFRASER