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Show Liberty Bonds Turn iii Your Temporary Bonds and Get Permanent Bonds With Coupons. Holders of temporary Liberty bonds f the First, Second and Third Liberty Lib-erty bonds are-failing to take advantage advant-age of the opportunity to exchange their holdings for permanent bonds bearing coupons to maturity, according accord-ing to John U. Calkins, governor of the Federal Reserve bank of San Francisco, in a letter sent to all banks, bankers and trust companies of the Twelfth federal reserve district. dis-trict. Interest on these temporary bonds cannot be collected beyond the number of coupons attached to them and it is of vital importance to those who bought First, Second and Third Liberty loan bonds to turn them in for permanent securities. The relatively small amount of temporary coupon bonds of the First, Second and Thrid Liberty loans presented pre-sented for exchange, indicates that a large number of bond holders are not aware that temporary bonds of the above issues may, at this time, be exchanged ex-changed for permanent coupon bonds bearing coupons- to maturity. Governor Gov-ernor Calkins said in his letter: "This" bank, as fiscal agent of the United States, is now prepared to make prompt and full delivery of First, Second Sec-ond and, Third Liberty loan permanent perma-nent coupon bonds for temporary coupon bonds surrendered." The banks of the Twelfth federal reserve district were also advised that owing to unavoidable delays in preparing permanent bonds of the Fourth Liberty loan, these Fourth loan permanent bonds will not be available, as planned, on October 15. It is probable that the exchange of temporary Fourth loan bonds for permanent per-manent securities of that issue will not be begun prior to February 1, 1921. However, as soon aa the date commencing such exchange can be definitely determined, announcement will be made. The banks are cautioned cau-tioned not to forVard temporary Fourth loan bonds to the Federal Reserve Re-serve bank until advised that the Federal Reserve bank is in a position to make the exchange. Individual temporary bond holders of the First, Second and Third Liberty Lib-erty loan bonds are requested to turn their securities in to any local bank, which will handle the exchange operations oper-ations through the Federal Reserve bank, rather than to mail their bond? directly to the Federal Reserve bank. |