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FEDERAL RESERVE BANK OF CHICAGO
GOVERNMENT BOND DEPARTMENT
ROOM 361 • 209 SO. LA SALLE ST.
ADDRESS ALL COMMUNICATIONS
RELATIVE TO GOVERNMENT BONDS

P. 0 . BOX 805

Circular No. 50

December 18, 1917
CONVERSION OF 3½% INTERIM CERTIFICATES AND DEFINITIVE BONDS
OF THE FIRST LIBERTY LOAN INTO 4% CONVERTIBLE
GOLD BONDS OF 1932-47

1. During the period from December 17, 1917 to May 15, 1918, under the terms of Treasury Department Circular No 93, dated October 19, 1917, this Bank will receive interim certificates issued
over its signature and bonds of the First Liberty Loan for conversion into either coupon or registered bonds, bearing interest at 4% per annum from December 15, 1917.
2. Requests for conve;sion must be submitted on form 1019-8 (supported by form 1020-A, if registered bonds are desired,- copies of both forms enclosed) and must be accompanied by Chicago
draft to cover interest at ¼ of 1% per annum from December 15, 1917 to the date of receipt by
the Federal Reserve Bank of Chicago. Table showing amounts required to adjust interest upon
conversion may be found on pages 10, 11 and 12 of Treasury Department Circular No. 93.
3. Deliveries of 4 % bonds on account of such conversions will be made as rapidly as bonds are
received from the Treasury Department and in the order of the receipt by us of properly executed
requests for conversion.
4. Detach the coupon due December 15, 1917 before surrendering coupon bonds.
5. Stamp the name of your Bank on each interim certificate and coupon bond. It Is unnecessary
for individual holders of certificates to endorse them when forwarding through a bank for
conversion.
6. Owners of registered bonds must assign such bonds for transfer to the Secretary of the Treasury
by duly executing the form provided for that purpose, appearing on the backs of such registered
bonds, in accordance with the detailed instructions thereon set forth.
7. Directions for registering bonds must be in duplicate (on form 1020-A) and must include the
complete postoffice address of the owner. Names and addresses should be plainly written, preferably typewritten. We cannot be responsible for mistakes due to illegible writing.
8. Interim certificates, coupon bonds and registered bonds must be listed on separate forms and
shipped in separate packages . All transportation charges both ways on definitive bonds will be at
the expense and risk of the holder, but holders of interim certificates may ship them by registered
mail, notifying us by separate communication of the amount shipped and requesting us to effect
the insurance, when insurance under the Government's contract will run. As holders of interim
certificates have, by retaining such interim certificates, relieved the Government of the expense of
the issue and delivery of definitive bonds of the First Liberty Loan, they will be entitled to have
the 4o/o Convertible Gold . Bonds of 1932-47 delivered without expense to them .


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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF CHICAGO
Government Bond Department.