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FEDER AL RESER VE BANK OF CHICA GO


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

79 WEST

MONROE STREET

Bulletin No. 119 .
September 17, 1918 .

TO THE MEMBER BANK ADDRESSED:
We are requested by the Federal Reserve
Board to obtain from member banks the rate of interest which they are receiving on each note or blll
offered for rediscoun t.

A new form of applicati on for rediscoun t

has according ly been drawn up, which provides a column
for this informati on. We enclose herewith a supply
of these new forms, for your use in submittin g future
rediscoun ts. Kindly destroy any of the old forms
which you may have on hand.
Very truly yours,
J . B.

McDOUGAL
Governor .

FILE COPY NOT TO BE TAK N
CR. 3

SM

9 · 16· 18

FROM FILING DEPARTMENT

6273

APPLICATION FOR REDISCOUNT
INSTRUCTIONS

(READ CAREFULLY)

!.-Commercial and Industrial notes must mature within ninety days from the date offered. Agricultural and Live
Stock paper must mature within six months from the date offered. All paper submitted must have a definite
maturity; therefore demand notes are not eligible.
2.-Opposite each name under character indicate whether note represents loan to depositor, is purchased paper, or
paper rediscounted for another bank. Abbreviate Depositor (D) , Purchased Paper (P), Paper Rediscounted (R).
3.-lf the amount of the obligations of a borrower offered for rediscount is equal to or in excess of ten per cent of
your paid-in capital, and in any event if the amount is in excess of $5,000, financial statements.should be available.
4.-List in "Maker" column both drawer and acceptor of trade acceptances and both maker or endorser of customer
bills receivable.
5. -Notes, drafts or bills of exchange offered for rediscount should be endorsed by member bank in the following form.
FIRST NATIONAL BANK OF BLANKVILLE, ILLINOIS.

Pr>oper> execution of this for>m is the only r>equir>ement necessar>y in offer>inl, paper> except we
r>eser>ve the pr>ivilf!Be of askinl, for> additional
i nfor>mation or> for> copies of financial statements
wher>e t hey ar>e on fi le.

By ...............................................................................................................

To the FEDERAL RESERVE BANK OF CHICAGO
The .............. .

...•••••• A ••••••••••.......... ,

President
or
Cashier.

191 . •••

........................................................................... Bank of ......................................................................................................... .

hereby makes application for the rediscount of notes, drafts, or bills of exchan3e, aggregating $..............................................
listed below.
1

•I
MA KE R

I

-I

ADDRESS

BUSINESS

I

- ==--=----

Intere st Estimated N·e,- - - Character
R><e I Worth in
Matur ity \ See fnstruc,
tion 2
Charged Thousands

H ave you
Statement
on Fife?

- - - 1 - ~ - - - - 1

I

Total,$ ..... .
I certify that, to the best of my knowledge and belief, the notes, drafts and bills of exchange listed in the foregoing
schedule were made for commercial, industrial, agricultural or live stock purposes and are eligible for rediscount with
the Federal Reserve Bank.
The liability of this bank at the present time for borrowed money, exclusive of the above offering, is as follows:

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

Bills Payable, $ ....................... Certific~tes of Deposit issued for money borrowed, $ ................. .

Amount

I✓ ,,/ ~- f,k,

Bulletin No. 119.

FEDERAL RESERVE BANK OF CHICAGO
79 WEST MONROE

STREET

September 17, 1918.

TO THE MEMBER BANK ADDRESSED:

We are requested by the Federal Reserve Board to obtain from member banks
the rate of interest which they are receiving on each note or bill ofl'.ered for rediscount.

(

A new form of application for rediscount has accordingly been drawn up,
which provides a column for this information. We enclose herewith a supply of
these new forms, for your use in submitting future rediscounts. Kindly destroy
any of the old forms which you may have on hand.
V cry respectfully,

JAMES B. McDOUGAL,
Governor.

P. S. The form indicated above is illustrated on inside pag,e hereof, a supply of which will be
furnished upon request.


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

APPLICATION FOR REDISCOUNT
INSTRUCTIONS (READ CAREFULLY)
1.-Commercial and l11dustrial notes must mature within ninety daxs from the date offered. Agricultural and Live
Stock paper must mature within six months from the date offered. All paper submitted must have a definite
maturity; therefore demand notes are not eligible.
2.-Opposite each name under character indicate whether note represents loan to depositor, is purchased paper, or
paper rediscounted for another bank. Abbreviate Depositor (D), Purchased Paper (P), Paper Rediscounted (R).
3.-lf the amount of the obligations of a borrower offered for rediscount is equal to or in excess of ten per cent of
your paid~in capital, and in any event if the amount is in excess of $5,000, financial statements should be available.
4.-Liat in "Maker" column both drawer and acceptor of trade acceptances and both maker or endorser of customer
bills receivable.
5.-Notes, drafts or bills of exchange offered for rediscount should be endorsed by member bank in the following form .
FIRST NATIONAL BANK OF BLANKVILLE, ILLINOIS.
Proper execution of this form is the only requirethent
necessary in offering paper except we ruerve the
prMlege of as/eing for additional information or for
cop/e, of financial statements where the31 are on file.

By..................................................................................................................

President
or
Cashier.

(PRINTED IN RED INK)

To the FEDERAL RESERVE BANK OF CHICAGO

· · · · · · · · · · · • · · • · · · · · · · · · · · · · · · · · · · · • · · · ·· · ·· · · · · · · ·· ·· · · ·· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·,

191 .. . ..••

The ........................................................................................................... Bank of........................................................................................................ __
hereby makes application for the rediscount of notes, drafts or bills of exchange, aggregating $ ................................................. .
listed below.

=
Interest

MAKER

I

ADDRESS

BUSINESS

ICharged
Rate

Estimated Net
Worth in
Thousands

Maturity

Character
See lnstruc,
tion 2

Have You
St&tement
on File?

Amount

-

I
I
I

I

I

Total,$................................................
of my knowledge and belief, the notes, drafts and bills of exchange listed in the foregoing
schedule were made for commercial, industrial. agricultural or live stock purposes and are eligible for rediscount with
the Federal Reserve Bank.
The liability of this bank at the present time for borrowed money, exclusive of the above offering, is as follows:

I certify that, to the best

Rediscount, $ ... .....................


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

Bills Payable,$·········-·········--

Certificates of Deposit issued for money borrowed,$-·················-······················································································································Cashier.