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FEDERAL RESERVE BANK OF CHICAGO
GOVERNMENT BOND DEPARTMENT
ROOM 361 • 2 09 SO, LA SALLE ST,

ADDRESS ALL COMMUNICA TI O NS
RELATIV E TO GOVERNMENT BONDS

S . 8 , CRA M ER, ASST. CA.H I ER

D . A . JONES. A SST , CASHIER

P. 0 . BOX 805

Circular No . 47 .
December 4 , 1917 .
TO THE BANK OR TRUST COMPANY ADDRESSED :
CONVERSION OF 3½'fo INTERIM CER'rIFICATES AND
DEFINITIVE BONDS OF THE FIRST LIBERTY LOAN
INTO 4% CONVERTIBLE GOLD BONDS OF
1932-47 .
Those desiring to effect conversions as of December 15 ,
1917 under Treasury Department circular No . 93 , dated October 19,
1917 , and in accordance with the requirements outlined in our
circular No . 43 of November 1 , 1917 , AF.E URGED TO FORWARD ALL NECESSARY PAPERS IMMEDIATELY, in order that the transactions may be put
through our books before December 15 .
It should be borne in mind that on the date last mentioned
a payment will be due on the Second Liberty Loan and the ente ring
of the payment s will tax our facili ties for several days to the
eiclusion of all operations in connection with conversions .
We count on your co-operation in the effort to dispose
of the conversions before December 15 to the end that we may render
to you and your customers more satisfactory service than was possible with respect to securities sent us for conversion on November 12 and for a few days thereafter .


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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF CHICAGO
Government Bond Department