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FEDERAL RESERVE BANK
OF N E W YORK
,
_
n
Loan Department
r Circular No. 4201
{ November 22, 1921J
R a t e s of I n t e r e s t o r D i s c o u n t R e c e i v e d b y
O n P a p e r Offered f o r
Banks
Rediscount
To all Member Banks
in the Second Federal Reserve District:
In order t h a t the officers of this bank might be fully informed of prevailing
rates of interest and discount in this district, certain of the member banks have
heretofore been good enough to furnish us periodically with reports of the rates which
they are charging upon various classes of loans and investments.
This information
has proved to be of such value t h a t it has been decided to supplement it by requesting member banks to report the rate of interest or discount received by them
upon each note or bill offered to us for rediscount.
As this additional information will assist us in keeping in touch with credit conditions throughout the entire district, the banks applying for rediscounts will, we
trust, be ready to cooperate by filling out the appropriate column in the new forms
of application blank, copies of which are enclosed herewith.
Very truly yours,
B E N J . STRONG,
Governor
tn»10MU-21
SPECIAL FORM OF APPLICATION FOR REDISCOUNT OR ADVANCE
SECURED BY OBLIGATIONS OF THE UNITED STATES GOVERNMENT
SHEET NO.
To be made in duplicate.
KEDERAL RESERVE BANK OF NEW YORK,
192
Dated
Corner Nassau and Pine Streets,
New York, N. Y.
hereby makes application for:—
The
Hank <>f
which are listed in detail in the
(a) The rediscount of notes aggregating $
following schedule:
days, secured by bonds, notes, or
(b) An advance of $
upon its promissory note for
certilicttel of indebtedness of the United States Government or by our
mers notes so secured aggregating
$
which are listed in detail in the following schedule:
Y«m are hereby authorized to charge the rediscount! or advance above described to our account with you at
maturity.
RATI OP
INTIUMT
MAKER
ADDRESS
INOOR8CRS
DISCOUNT
MCCIVID
AMOUNT
NOTE
OF
A M O U N T OPCOLLATERAL
TOTALS
li
• *£3-5
I,
, Cashier of the
Bank of
, hereby certify that to the best of my knowledge and belief the original
loans which are evidenced by the notes listed in the foregoing schedule, were made for the purpose of carrying or
trading in bonds, notes or certificates of indebtedness of the United States Government, and are secured by a
pledge of the collateral above described.
On this date the total amount of money borrowed by this bank on bills payable, rediscounts or otherwise,
| Federal Reserve Bank $
H ] Other Banks
$
Cashier
• I C iNtTNUCTIONS AND
• M C l M f N F O K M O N MACK
To
APPLICATION FOR REDISCOUNT OR ADVANCE
THE F E D E R A L R E S E R V E BANK OP N
SHEET
NO.
To be made in duplu
Dated
KK,
192
ner Nassau and Pine Streets,
New
nk of
hereby mak<
ting $
: accepta
are listed in detail in the folk)
(b) An advivu> of $
accept
i are hereby autl
upon its prot
which
, which
secured by the notes, drafts, bills of exchange or
! in detail in the following schedule:
the rediscounti or advance above described to our account with yo
maturity.
MAKER
• • T O N « T WORTH
ADDRESS
INOORSERS
IU8INE8B
/ O M
W A T I N O \ MATURITY
m
AMOUN
TOTAL
I
, Cashier of t h e
Bank of
• n e r e D > ' certify that to t h e best of m y knowledge and belief, t h e original loans which are
evidenced b y the notes, drafts, bills of exchange or acceptances listed in the foregoing schedule, were made for agricultural, industrial or commercial purposes, and I further certify that, to the best of my knowledge and belief, t h e
n o t e s draft?, bill* of exchange or acceptances listed in this schedule are eligible for rediscount with or purchase by
F e d e r a l Reserve Banks under the regulations of t h e Federal Reserve Board.
O n this date the total amount of money borrowed by this bank on bills payable, rediscounts or otherwise, i s :
F e d e r a l Reserve Bank $
0 t h e r
RankS
$
Cashier.
PLEASE NOTE CAREFULLY
Please give, with respect to each name, commercial agency rating if
available, and your estimate of present net worth, if your files contain such
information. Indicate your estimate of the net worth by placing the letters
"N. W." before your figures. Insert the name of the agency at the top of the
column if ratings are given.
Insert either a " D " or a " P " in the column headed "Depositors or Purchased" to indicate whether the paper was discounted for a depositor or purchased. The "D" should appear on the line with the name of the discounter.
Please show in the appropriate column the rate of interest or discount
received by you on all paper offered for rediscount.
Insert an "S" in the column headed "Statement," on the line with each
party whose statement is on file.
Notes, drafts, bills of exchange and acceptances submitted for rediscount or as collateral should be indorsed in blank in the following form:
First National Bank, Blankville, N. Y.
Cashier.
Each indorsement of a member bank should be signed by an officer
whose signature and authority to indorse have been filed with this bank.
A promissory note of a member bank must have a maturity not exceeding fifteen days from date of discount.
Industrial and commercial paper must have a maturity not exceeding
ninety days from date of rediscount, or from date of advance, if used as
collateral.
Agricultural or live stock paper must have a maturity not exceeding
six months from date of rediscount, or from date of advance if used as collateral.
For further information regarding paper eligible for rediscount or purchase by Federal Reserve Banks, see Regulations A and B, Series of 1920,
Federal Reserve Board.
FEDERAL RESERVE BANK O F N E W YORK.
SPECIMEN FORM O F APPLICATION SHOWING DESIRED
ARRANGEMENT OF DETAILS
UMB
ADDRESS
'ROt
BUSINESS
EOT'O N E T W O R T H
OR
R A T I N G
( XAgency \
MATURITY
It-J D O W S E R S
C . P . Scudder
A . P . Crawford
Blankville
ir
Fanner
N.W. 10,000
Feed & Grain 50/75 - l j -
8/3
50
For purchase of fee£
P . J . Crockett
West B l a n k v i l l e Farmer
For purchase of horse
N.W. 3,5C0
8/15
6
200
W.B. Richter
Annie Richter
Uf r.Basl© t s 20/35 - 2
Wife
N.W. 1,000
For purchase of m a t e r i a l s
8/30
6
1,050
General Building Co.
Jones Brick Co-
Brooklyn
Builders
75/l25-l|Blankville
Brick Mfrs. 35/50-2
For purchase of t r i c k
Over
Chicago
Packers
1,000,000
9/18
Western Packing Co.
Blankville
4,500
6
5,000
9/33
v
Unit ed Woolen Co.
A.B. Jones
James. & Co.
Boston
M f r s . Woolajs 500/750-1
President
10/1
2,500
Blankville
Hardware
10/20-2!
10/10
For purchase of hardware for seasonal requirements
850
8 Morris Harvey
Blankville
Cattle dealer
2/3-3
For. purchase of c a t : l e .
Collateral,
C/W on ten head c a t t l e .
10/15
500
9
Blankville
B u t t e r & "E^ 35/50-1
C o l l a t e r a l W/R's fo ? 10,000 l b s . b u t t e r .
10/22
1,500
75/125-1
10/30
N.W. 25,000
N.W. 10,000
I.W. 40,000
materials.
7,500
10
A. F . Schmidt Co.
Home F u r n i t u r e Co., I n c .
Blankville
Mfrs*
H
A.S. Cox
President
J . B . Cox
Secretary
»t
Samuel Hood
Physician
For purchase of lumier and other
£.
"i
PLEASE NOTE SPACE LEFT BETWEEN EACH ITEM.
$23,650
@FedFRASER