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CIRCULAR No. 170

FEDERAL RESERVE BANK OF NEW YORK
BOND ISSUE
120
A D D R E S S ALL C O M M U N I C A T I O N S

DIVISION

BROADWAY

TO

TELEPHONE

BOND I S S U E DIVISION
^ERRING

RECTOR

„

Bl—C65
N E W YORK.

JUNE 6,

1919

CONVERSION OF 4% FIRST LIBERTY LOAN CONVERTED
BONDS INTO BONDS BEARING INTEREST AT

\\i%

To ALL BANKS, TRUST COMPANIES, SAVINGS BANKS AND INVESTMENT HOUSES IN THE
SECOND FEDERAL RESERVE DISTRICT:
DEAR SIRS :

Referring to our circular letter of May 8, 1919 regarding the conversion of 4% Liberty
Loan Bonds into bonds bearing interest at 4%%, we desire to call your attention to the terms of
Treasury Department Circular No. 137, which states that conversions of the above bonds are
effective as of the semi-annual interest payment date next succeeding the date of presentation
for conversion.
In order to convert 4% First Liberty Loan Converted Bonds as of June 15, 1919, it will be
necessary for you to mail them so as to reach us on or before June 14, 1919. The coupon maturing
June 15, 1919, should be detached as the first coupon on bonds delivered on conversion will be
dated December 15, 1919.
First Liberty Loan Converted 4% bonds presented to us after June 14, 1919 will be converted as of December 15, 1919, and should have the December 15, 1919 coupon detached.




Yours very truly,
BENJAMIN STRONG,

Governor.

570O


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102