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FEDERAL RESERVE BANK OF CHICAGO GOVERNMENT BOND DEPARTMENT ROOM 36 1· 209 SO. LA SALLE ST. 0 , A. JONES, ASST. CASHIER A.H. VOGT, ASST. CASHIER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ADDRESS ALL COMMUNICATIONS RELATIVE TO GOVERNMENT BONDS P . 0. BOX 8 05 Circular No. 172 148.J 12, 1919. TO THE BANK OR TRUST CO PANY ADDRESSED: Do not send us any more full paid applications for the Victory Liberty Loan Notes on Form 502. The only way that you can now complete full payment prior to July 15 with respoct to Class "A" subscriptions ($50 to $10,000) is t o include the subscriptions in your final summarJ (Form 505) on May 20, paying both the IOfo initial payment and the 90% payment , as provided in the form. Several banks have alread1 sent in Form 505, Final Summary of Subscriptions and May 20, 1919 Payment Letter, with lOfo payment on the total subscriptions. This should not be done as it precludes the possibility of completing full payment on Class "A" subscriptions ($50 to $10 , 000) prior to July 15. The Final Summary of Subscriptions and May 20 Payment Letter should not be mailed until the close of business May 20, in order that you may include payments received that day. It must, °however, be mailed pr omptly the night of May ·20 in order to a.void payment of accrued interest from May 20 until the date of receipt b7 us . FEDERAL RESERVE BANK OF CHICAGO Government Bond Department