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FEDERAL RESERVE BANK OF CHICAGO 79 WEST MONROE STREET Circular No. l7o June 12, 1917. TO ALL INCORPORATED BANKS AND TRUST COMPANIES IN FEDERAL RESERVE DISTRICT NUMBER SEVEN: Referring to and supplementing Department Circular Eighty-one , dated May twenty-ninth , 1917, we are advised by the Trea sury Department that approved securities of the foll owing additional classes will be accepted as collateral sec urity for Government deposits made under authority of the Act approved April twenty-fourth, 1917: I. Note s , Certificate s of Indebtedness and Warrants is su ed by any state of the United States at ninety per cent of market value not exceeding par . J. Railroad equipment trust obligations at seve nty-five per cent of the market value thereof not exceeding par ; but not including any suc h obligat i ons which on May twenty-ninth , 1917 were at a market price to yield more than five and one-half per cent per annum if held to maturity according to standard tables of bond values. K. Bonds of electical railway and traction companies , of telephone and telegraph companies and of electric light, power and gas companies , secured by direct mortgages upon their phys ical pro pe rtie s in the United States and listed on some recognized stock exchange , taken at seventy-five per cent of the market value thereof not exceeding par ; but not including any such bonds which on May t wenty-ninth, 1917 were at a market price to yield more than five and one-half per c ent per annum if held to maturity according to standard tables of bond values. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FEDERAL RESERVE BANK OF CHICAGO .
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