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FEDERAL RESERVE BANK OF CHICAGO
GOVERNMENT BOND DEPARTMENT
ROOM 361ยท209 SO. LA SALLE ST.

ADDRESS ALL COMMUNICATIONS
IIELATIVE TO GOVERNMENT 80NDS

S. B. CRAMER, ASST . CASHIER
0 . A, JONES, ASST . CASHIER

P . O. BOX 80!5

Circular No. 63
February 15, 1918.

TAX ANTICIPATION CERTIFICATES.

TO THE BANK OR TRUST COMPANY ADDRESSED:
We call your attention to the enclosed -circular,
offering United States 41o Certificates of Indebtedness, dated
February 15 , 1918, and maturing June 25 , 1918 , to be is::iued in
anticipation of taxes. This issue is identical in all respects ,
except as to date, with the issue dated January 2 , 1918, The
purpo s e of the new dating is to relieve ::iub::;cribers of the necess ity of payin~ so much on account of accrued interest .
There have been sold to date about $1 , 180 , 000 ,000 of
t ax anticipation cert if icates maturing Juna 23 , 1918 . It is
important that you continue the sale of these certifitates to
tax payers whG J e income ur ex~ess - profits taxe~ amount to $500
or more. The certificates may be used in l i eu of cash to make
such payments and a two-fold pucpo::;e will be served:
1.

The United States will be provided at
this time with needed funds.

2.

Unnecessary conge stion of the money
market will be avoided .

We shall be pleased to furnish on request addit ional
copies of the de scriptive circula r for distribution among your
customers.
De not telegraph subscriptions .
ed herewith.


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Federal Reserve Bank of St. Louis

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FEDERAL RESERVE BANK OF CHICAGO
Government Bond Department