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FEDERAL RESERVE BANK OF CHICAGO 79 WEST MONROE STREET Ap~il 23, 19 • To the Bank Addressed: po a oan munities there Victory Li erty con i11 ''i ti ut U~y I t e th nece sity and th im ort nee o tribution of the Victory Loan, be a gen ral dis osition on th ing, tha result current, indicting th tin ~he part of banks to und nan intensive popul r a?Dpaiin• cpportu ity to impress upo. you the securing thew dot pos bed this for th e on that should there part of banks to unde rite the otf r- culd be ncthing f"hort of a public cal mi·ty. On the other h nd, with the bonds lod ed in the hands of the ublic - individuals, firms and co1-po tio - the b n 11 bo left in a str ng no ition to et, y requir ments of th ·ch w re otfi • 11 through a continuTreasur C rtifi• s; Sec d ~ ru i ere sing m nts for e era.1 usin The 1 giti s wi de, general di r qu st 10 l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis n<l c • only be ttain d h ou ha t·berty Loan, o.n wee me tly 1 g this end. ur • . MoDOU Oov rnor.
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