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CIRCULAR NO. 179

FEDERAL RESERVE BANK OF NEW YORK s
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

BOND ISSUE
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BI-425
NEW YORK. JUNE 26,

1919

SUPPLEMENTAL REGULATIONS GOVERNING EXTENSION OF
CONVERSION PRIVILEGE OF 4% LIBERTY LOAN BONDS

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

Enclosed is a copy of supplement to Treasury Department Circular No. 137, issued by
the Treasury Department under date of June 10, 1919, which contains regulations governing
extension of conversion privilege of 4% Liberty Loan bonds.
Form L & C 25A may be used as heretofore, in submitting 4% First Liberty Loan Converted bonds and 4% Second Liberty Loan bonds for conversion into bonds bearing interest at
4M percent.
Yours very truly,
BENj. STRONG,

Governor.
Enc.




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SUPPLEMENTAL REGULATIONS GOVERNING EXTENSION OF CONVERSION PRIVILEGE.

1919

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TREASURY D E P A R T M E N T ,

Supplement to Department Circular No. 137.

OFFICE OF T H E SECRETARY.
Loans and Currency.

Washington, June 10, 1919.
To Holders of 4 Per Cent Gold Bonds of 1932-1947 of the First Liberty Loan Converted and 4 Per
Cent Gold Bonds of 1927-1942 of the Second Liberty Loan, and 4\ Per Oent Bonds Issued
Upon Conversion Thereof Pursuant to Extension of Conversion Privilege:
Treasury Department Circular No. 137, dated March 7, 1919, in relation to the extension
of the privilege of converting 4 per centum bonds of 1932-1947 of the First Liberty Loan Converted and 4 per centum bonds of 1927-1942 of the Second Liberty Loan into A\ per centum
bonds, is hereby amended and supplemented as follows:
Exchanges of coupon bonds for registered bonds or of registered bonds for coupon bonds,
and transfers or changes of ownership of registered bonds will not, after June 30, 1919, be
permitted upon conversion, but must be conducted as separate operations, and the provisions
of said circular to the contrary are hereby revoked. Requests for conversion hereafter made
pursuant to the extension of the conversion privilege should be on Form L & C 25B, hereto
attached (copies of which may be obtained from any Federal Reserve Bank or from the
Secretary of the Treasury), signed with the respective autograph signatures of the holders of
the bonds presented for conversion.
Under the terms of said circular, registered bonds of the First Liberty Loan Converted
and of the Second Liberty Loan Converted issued upon conversion of 4 per cent bonds pursuant
to the extension of the conversion privilege, bear interest at the rate of 4 J per cent per annum
from the semiannual interest payment date next succeeding the date of presentation for conversion. No transfers of such registered bonds heretofore or hereafter issued upon such
conversions, nor exchanges of such registered bonds for coupon bonds, will be effected in advance
of the semiannual interest payment date from which the respective bonds bear interest at the
rate of 4 J per cent per annum. I n case such registered bonds are presented for transfer or
exchange in advance of such semiannual interest payment date, the transfer or exchange will
be effected as of such date, and delivery of the bonds to be issued upon such transfer or exchange
may be made in advance of such date, but the interest at the rate of 4 per cent per annum
to such semiannual interest payment date shall be paid as if such delivery had not been made.
The Secretary of the Treasury reserves the right at any time to withdraw or amend all or
any of the foregoing regulations.
120649*—19
CARTER GLASS,
Secretary of the Treasury.




(OVBB.)

.
TREASURY

DEPARTMENT.

LOANS AND CURRENCY,

Form L & C 25B.

LIBERTY BONDS.
REQUEST FOR CONVERSION.
i

Only one series of bonds may be entered on this form, and separate forms must also be used for (1) coupon bonds and
(2) registered bonds.
Dated

13

To the SECRETARY OF THE TREASURY:

The undersigned herewith presents and surrenders—
4 per c e n t gold b o n d s of 1932-47 of t h e F i r s t Liberty Loan Converted
4 per c e n t gold b o n d s of 1927-42 of t h e Second Liberty Loan
in |

.

$.
$.

.[form, and requests that the same be converted into an equal face amount of 4} per cent gold bonds

according to the terms of Treasury Department Circulars No. 114, dated May 9,1918, and N"o. 137, dated March 7,1919,
as amended and supplemented June 10, 1919. Special instructions, if any, are given by the undersigned below.
Autograph signature of the holder in full.
Address, number, and street.
(For delivery of bonds.)

City or town

,

County

State.

1. Bonds will be delivered in a different denomination or denominations from the bond or bonds surrendered if the form of request
appearing below is duly executed.
2. Exchanges of coupon bonds for registered bonds or of registered bonds for coupon bonds, and transfers or changes of ownership of registered bonds will not be permitted upon conversion, but must be conducted as separate operations.
3. In the case of coupon bonds presented for conversion, all coupons maturing on or before the semiannual interest payment date next succeeding the date of presentation for conversion must be detached anil collected in ordinary cause when due.

If delivery is desired of bonds in a different denomination or denominations from the bond or bonds surrendered, use this form:
Referring to $
,' face amount, of bonds surrendered for conversion herewith, the undersigned hereby
requests delivery of bonds upon conversion as follows:
Denominations.

Number of bonds.

Total.

$50
$100
$500
$1,000
$5,000
$10,000
* $50.000
• $100,000

Total 1 .. $
1

These amounts must be the same, otherwise request may be disregarded.
' Coupon bonds are not issued in these denominations.

Signature of person signing request for conversion.




(2)
WASHINGTON : GOVERNMENT PRINTING OFFICE \ 1»1»

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