The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF CHICAGO 79 WEST MON ROE STREET DIRECTORS OFFICERS W.A.HEATH JAMES B . M':-OOUGAL GOVERNOR C.R . M':-KAY DEPUTY GOVE RN OR W. F. M<:'LALLEN SECRETARY B . G . Ml:'CLOUD CASHIER S . 8 . CRAM ER ASST. CASHI ER W . F. M':- LALL EN CHAI RMAN A.ND FEDERAL RESERVE AGENT DEPUTY FEOE RA.L RESE R VE AGENT J. W. BLODGET T GRAND RAP IDS , MICH. E .L. JOHNSON WATERLOO, IOWA J. 8 . FORGAN CHICAGO.I LLINOIS E .T . MEREDITH DES M OLNES . IOWA M.B. HUTCH IS ON OTTUMWA,IOWA A . H . VOGEL G . M . RE YNOL DS CHICAGO .I LLINOIS MILWAUK.EE . WISCONSIN Chicago , January 3 , 1918 . Circular No . 55 . U. S . CERTIFICATES OF INDEBTEDNESS IN ANTICI PATION OF TAXES , To all Banks and Banke rs in Fed eral Reserve Dist rict Numb er Seven : We beg to call your attenti on to the fa ct that the offering o f '41o U. S . Certifi ca tes of Indebtedness , dated January 2 , due June 25 , 1918 , is s ti ll op en to subscr i ption at par and accrued intere st . Th e Secretary of the Trea sury ha s authorized the Federal Reserve Bank to a ccept subsr,r i ption s to the se certifi cate s until further noti fjed, and we , there f or e , call to your attent i on the impo r tance of urging individuals , partner~hips , as s ociaticn s and c or porations , who wi l l have t a x payment s to ma ke between now a nd J une twen t y- fifth , to purchase these certi ficate s i n accordance with thei r re quirement s in order t o a lleviate the strai n of h ea vy , concentrat ed wi t hdrawa l s on t he date s s et for the payme nt of taxe s . Certificates are i ss ued in denomination s as lo w as $500 , carrying four per cent int erest . The s e certi fi cates wil l be received , at par and acc rued i ntAr est , in pa yme nt of inc ome and excess pro fits ta xe s wh en payable , at or before mat urity of ce rtificate s , but .will no t be received in payment on Li berty bond s . Holders of certi fi ca te s no t u s ing them in pay ment of taxes may hold them unt il ma turity. receivi ng parand a cc rued interest upon prese ntati on of the certificat es for reiemption . We wo uld suggest that you gi ve wi de publicity t o thi s offerin g , a nd we shall be pl eased to furni s h , on request , a dd iti onal cop ie s of the descri ptiv e circular f or distribution . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Respectfully,
@FedFRASER