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<3,en«.T».| ^ | u Divisi^ Us ^Orr* •*"«*.**,r*s f*+ ih\l «,r<U*,v. FEDERAL RESERVE BANK OF N E W YORK fo. j~ Circular No 262"! |_ March 10,1920. J Government Bond Department Exchanging Temporary for Permanent Liberty Bonds Receipts from Banks to Bondholders To all Banks, Trust Companies and Savings Banks in the Second Federal Reserve District, D E A R SIRS :—In response to numerous requests, forms have been prepared by us for the use of banks as a receipt and record of temporary bonds received from bondholders for JO ^'exchange for permanent bonds. The forms, of which the enclosed are specimens, are padded in sets of twenty-five each and will be furnished upon request. The use of these receipts by banking institutions having bonds on consignment or who utilize their own bonds to effect immediate exchanges will not be necessary except when receiving temporary 4% bonds for exchange or conversion. Yours very truly, J. H. CASE, Acting Governor.