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Bulletin No. 126
FEDERAL RESERVE BANK OF CHICAGO
79 WEST MONROE STREET
October 30, 1918
TO THE MEMBER BANKS OF DISTRICT NUMBER SEVEN:
On and after November 1, 1918, and until further notice, all costs of shipments of
currency from our member banks to this bank, and from this bank to member banks, will
be borne by the Federal Reserve Bank of Chicago. Member banks may also send "Collect" all necessary telegrams to this bank in connection with currency shipments and
transfers of funds, and all telegrams sent by this bank in connection with such transactions
will be prepaid. (Please note that currency does not include silver or subsidiary coin.)
Until further notice also, all gold coin (of the United States) shipped to this bank
for credit either with this bank or other depositaries, or in exchange for Federal reserve
notes, will be received at face value without discount for abrasion, and, as heretofore,
.
gold may be sent by express "Collect." Members are urged to continue to send all gold
coin and gold certificates accumulated from time to time to this bank, thus strengthening
the reserve position of the Federal Reserve System.
Any currency shipped to this bank (except $1 and $2 bills, which should be shipped
by express) should be sent by registered mail and insured under our insurance policies.
Please note that shipments of currency only (not securities) may be forwarded at our
expense.
We attach instructions governing the deposit of currency with this bank.
We also enclose insurance declarations to be executed and mailed at the time currency
shipments are made. Additional blanks may be secured on application.
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Federal Reserve Bank of St. Louis
Please render monthly statements of the amount of postage, including registration
on cun·ency _shipments, reimbursement for which will be made by credit to the member
bank's account each month.
The expense of insurance of currency shipments will be
borne by the Federal Reserve Bank of Chicago.
All requests for shipments of cun·ency must be signed by an officer and the denominations required specified.
Owing to the delay caused by war conditions in the transmission of telegrams and
mail, it is important that orders for currency, either by telegraph or mail, should be forwarded as early in the day as possible.
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Federal Reserve Bank of St. Louis
Respectfully,
JAMES B. McDOUGAL,
Governor.
REGULATIONS OF FEDERAL RESERVE BANK OF CHICAGO
•
GOVERNING CURRENCY DEPOSITS AND SHIPMENTS
October 30, 1918
1. Gold certificates, legal tender notes, silver certificates, Federal reserve notes, and
Federal reserve bank notes, fit for circulation,_ may be sorted together provided they are of
the same denomination.
2. Mutilated gold certificates, legal tender notes, silver certificates and Federal reserve
notes should be sorted by denominations and kinds.
3. National bank notes fit for circulation should be paid out by member banks over their
own counters. Mutilated national bank notes and Federal reserve bank notes should be sent
to the Treasurer of the United States, Washington, D. C., at the expense of the Government.
4. Mark each strap covering a package of currency with amount and name of remitting
bank. Do not put more than one hundred bills in each package.
5. Forward all currency except $1 and $2 denominations by registered mail, insured.
Gold coin, and currency of $1 and $2 denominations should be sent by express, collect.
6. No package of currency should contain more than $100,000, nor should a shipment on
any one train exceed $1,000,000.
7. Address all shipments as follows:
Federal Reserve Bank of Chicago,
Chicago,
Illinois.
8. Mark each package with the name and address of the shipping bank. When forwarding by express, be sure that each bag or package is marked with the amount contained
therein.
9. Directions for insuring registered mail shipments are printed upon the insurance
declarations of the Royal Insurance Co., Ltd., and are enclosed herewith. An additional supply
may be secured from the Federal Reserve Bank of Chicago. The original declaration must be
forwarded to Fred S. James & Co., 175 W. Jackson Blvd., Chicago; the duplicate mailed to the
Federal Reserve Bank of Chicago; the triplicate accompanying the shipment of currency.
(The above regulations were modified in Bulletin No. 133, dated February 17, 1919.
is now only necessary to separate $1 and $2 bills from other denominations).
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Federal Reserve Bank of St. Louis
It
ROYAL INSURANCE
COMPANY,
LARATION NO. _ _ _ _ _ _ __
FRED. S. JA M ES &. CO.
175 WEST JACKSON BOULEVARD, CHICAGO, ILL
LIMITED
(MARINE DEPARTMENT)
_ _ _ _ _ _ _ _ _ _ _ 191 _ _
ed at_ _ _ _ _ _ _ _ _ _ __
Memorandum of Registered Mail Shipments made by the_ _ _ _ _ _ _ _ _ _ _ _ _ _ __
to be insured under ROYA L IN SURANCE co., LTD., open policy No. 301032, in the name of FEDERAL
;ERVE BANK OF CHICAGO,
CONSIGNEES' N A ME
ENCY
FEDERAL RESERVE BANK OF CHICAGO
I
ADDRESS
79 WEST MONROE STREET
I
AMOUNT
INSURED
RATE
PREMIUI
f. B. - Shipments of currency or legal tender notes must not exceed $100,000 in any one package.
I hereby certify that I have examined the above packages, that the description of their contents is correct,
t they were deposited in the Post Office and that receipts were duly given therefor.
Packing and sealing of packages also witnessed by
By _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
DIRECTIONS FOR INSURING REGISTERED MAIL SHIPMENTS.
'".ve the package counted an d put up by two adults, one of whom must
mail it.
:over it with the strongest paper obtainable, preferably linen lined.
,ca l i ccu rcly with wax .
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Federal Reserve Bank of St. Louis
4. Have the package registered at the Post Office by one of the packers .
5. Keep the Post Office registration receipt on file in the office of the shipper.
6. This report must be mai led promptly at the time of shipment to
FRED. S. J ..\MES & CO., 175 West Jackson Boulevard, Chicago.
DUPLICATE
ROYAL INSURANCE
COMPANY,
;LARATION NO. _ _ _ _ _ _ __
FEDERAL RESERVE BANK
79 WEST MONROE STREET
LIMITED
CHICAGO
_ _ _ _ _ _ _ _ __ 191_
ted at _ __ __ _ _ _ _ __
Memorandum of Registered Mail Shipments made by tfze_ _ _ _ _ _ _ _ _ _ _ _ _ _ __
{ to be insured under ROYAL INSURANCE co., LTD., open policy No. 301032, in tfze name of FEDERAL
SERVE BANK OF' CHICAGO,
CONSIGNEES ' NAME
RENCY
I FEDERAL
RESERVE BANK OF CHICAGO
ADDRESS
I 79
WEST M ONROE STREET
I
AMOUNT
INSURED
RATE
I
PREMIL
'l. B. - Shipments of currency or legal tender notes must not exceed $100,000 in any one package.
I hereby certify that I have examined the above packages, that the description of their contents is correct,
'. at they were deposited in the Post Office and that receipts were duly given therefor.
Packing and sealing of packages also witnessed by
By _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ __
DIRECTIONS FOR INSURING REGISTERED MAIL SHIPMENTS.
Have the package cou nted and put up by two adults, one of whom must
mail it.
Cover it with the stronges t paper ob tai nable, preferably linen li ned.
Seal securely with wax.
Digitized
forK FRASER
t OM . 10- 1 e-1s.
&. H
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4. H ave the package registered at t he Post Office by one of the packers.
5. Keep the Post Office registration receipt on file in the office of t he shipper.
6. T his repo rt must be mailed promptly at the time of shipment to
FEDERAL RESE.RVE BAN K . 79 West Monroe Stree t, Ch icago.
TRIPLICATE
ROYAL INSURANCE
COMPANY,
:LARATION NO, _ _ _ _ _ _ __
FEDERAL RESERVE BANK
79 WEST MONROE STREET
LIMITED
CHICAGO
_ _ _ _ _ _ _ _ _ _ _ /9/ _ _
~ed af _____________
Memorandum of Registered Mail Shipments made by the_ _ _ _ _ _ _ _ _ _ _ _ _ _ __
r to be insured under ROYAL INSURANCE co., LTD., open policy No. 301032, in the name of FEDERAL
SERVE BANK OF CHICAGO,
tENCY
CONSIG N EES ' NAME
FEDERAL RESERVE BANK OF CHICAGO
I
ADDRESS
79 WEST MONROE STREET
I
AMOUNT
INSURED
RATE
PREMI
~. B. - Shipments of currency or legal tender notes must not exceed $100,000 in any one package.
I hereby certify t hat I have examined the above packages, that the description of their contents is correct,
zt they were deposited in the Post Office and that receipts were duly given therefor.
Packing and sealing of packages also wit nessed by
By _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
DIRECTIONS FOR INSURING REGISTERED MAIL SHIPMENTS.
Have the package counted and put up by two adults, one of whom must
mail it.
:iver it with the strongest paper obtainable, preferably linen lined.
:,ea! securely with wax.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
)M. 10-1e-1e. K 6. H
4. Have the package regis tered at tbe Post Office by one of th e packers.
5. Keep the Post Office registration receipt on file in the office of the shipper.
6. Th is copy must be enclosed in the package.
@FedFRASER