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622 FEDERAL RESERVE BOARD WASHINGTON June 12, 1935 B-10S3. ADDRESSOFFICIALCORRESPONDENCETO THEFEDERALRESERVEBOARD SUBJECT: Liberty Loan Associations. Dear Sir: After the World War several Federal Reserve banks took over the assets and liabilities of Liberty Loan Associations operated in their respective cities and in some instances still hold amounts due to sub scribers who have never completed their payments or applied for re funds. In considering the question of the proper disposition of the funds of the Associations, including earnings thereon, the Federal Reserve Board would appreciate receiving advice from you as to whether your bank took over the assets and liabilities of any Liberty Loan Association and, if so, vihat disposition has been made of any unclaimed balances and earnings thereon. If final disposition has not been made of the funds of an association, please advise the Board of the present status of its accounts, of the steps taken to locate subscribers who have claims against the Association, and as to what disposition you feel should be made (a) of amounts paid in by subscribers and (b) of earnings or other profits thereon. http://fraser.stlouisfed.org/ TO GOVERNORS Federal Reserve Bank of St. Louis Very truly yours, Claes ter Morrill, Secretary. OF ALL F.,R„ BAiCCS
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