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FEDERAL RESERVE BANK OF CHICAGO 79 ,WEST ( MONROE STREET August 21, 1917. Circular No. 25 TO ALL INCORPORATED BANKS AND TRUST COMPANIES IN FEDERAL RESERVE DISTRICT NUMBER SEVEN: Supplementing our announcement of August 20th~ in respect to the deposit of proceeds of$ 250,000,000.00 United States 3½1 Certificates of Indebtedness to be dated August 28th and maturing Nov-emb:e:r :30, 1917, we beg to advise you as follows: The proceeds of the Certificates of Indebtedness to be deposited in any one depositary bank shall not exceed the amount of the Certificates subscribed for by or through said bank. The Certificates of Indebtedness 1 themselves will, of course, be acceptable as collateral for any part or---kll of such deposits. In order, however, tQ entitle banks which have already qualified as depositaries for Libertt tuin deposits to receive deposits from the proceeds of the Certificiltes of I ~dabtedness in cases where such Certificates. have been sold by them and delivered to their customers, other approved collateral of the classes • s pecified in Trea sury Department Circular No. 81, dated May 29th, as amended and supplemented, will be accepted for such depo s its, provided that at lea s t ten per cent of the sum on deposit mus~ be secured by United States Government Bond s or Certificates of Indebtedness or Interim Certificates therefor. All incorporated banks and trust companies desiring to apply fot such de pos it s are r equested t o us e the following form of application, this form to be used in all cases, whether banks have already qualified for Government deposits or not. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Federal Reserve Bank of Chicago, Fiscal Agent of the United States. The undersigned bank or trust company, pursuant to due action of its Board of Directors, hereby makes application for the deposit with it of all or any part of the subscription price of the United States Bonds and Certificates of Indebtedness heretefore or hereafter from time to time subcribed for, by or through the undersigne~ bank or trust company, and assigns and pledges to ~nd with the Federal Reserve Bank of Dhicago, as Fiscal Agent of the United States, as c q.l.Jcateral for such deposits as ' shall be made from time to time, pursuant to this application, the securities described in the following list.