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FEDERAL RESERVE BANK OF CHICAGO
79 WEST

MONROE STREET

July 31, 1918.
Bulletin No. 1U5.

TO THE MEMBER BANK ADDRESSED:
Under date of December 27th, 1917 you were furnished
a special applicatio n for discount form to be used for advances
for per~ods of fifte8n days or less , against eligible bills receivable of varying maturities.

This form was offerAd tor use

as an alternative to the execut i on of a member bank's collateral
note whic'h requires revenue stamps.
Effective August 2nd , the discount rate for advances
made on the special application form referred to, will be 4½ per
cent .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Respectfully,
JAMES B. McDOUGAL ,

Governor.