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~~~J~,~~~~\' I~ \' ' ,,, •• WIU,W4 ._ llcAIIDO --~OI''IllrTaWuitY c..u- IOHN SKILT~JIIUWIS ~ OF TN£ CUIRENCY MJ-JCO FEDERAL RESERVE BOARD WASHINGTON ADDR- RIIP&.Y TO FEDERAL RESERVE BOARD,' September 1g, 1918 . Dear Sir: Beginning with the fourth Liberty Lor-u... , bonds sold to employees and others on the installment plan will be included in the Board's weekly statement with 11.All other earning assets" if the bank reeei ves an income frau such bonds, and with "All other resources" if no income is had by the Federal Reserve bank. Accordingly it is requested that beginning with the fourth loan, Liberty bonds sold to individual subscribers on the installment plan and for which the bank retains the income, be shown on form 34 separately fran other bonds under caption "Liberty bonds sold on installment plan 11 to which the code word BARD (to follow BISE on form 34) is assigned. The full amount of bonds so sold~ be reported against this caption and installment payments received credited to liability account "Contracts to deliver Liberty bonds sold11 or the net amount only may be reported against i tam BARD. Jn tha :Friday night report the net amount due the bank under this account should be taler graphed to the Board. In case no incane is derived by the bank: fran such bonds they should be shown on form 34 in the fourth subdivision and included with item TARE. In either case it will not be necessary to furnish the Board with investment schedules (8-2) covering transactions in these bonds. Yours very truly, Secretary
@FedFRASER