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Show LIBERTY BONDS TO BE RELIEVED OF EXPENSE San Francisco, April 5. Holders of temporary Liberty loan bonds will be relieved of any expense in connection with the exchange of their temporary bonds for the permanent securities, according to an announcement made by the Federal Reserve bank of San Francisco. The exchange will be carried car-ried on through the banks and trust companies of the Twelfth federal reserve re-serve district Transportation and insurance in-surance charges on the return of the temporary bonds to the Federal Reserve Re-serve bank and shipments of the permanent per-manent bonds to individual banks will be paid by the government Where, however, a bond holder elects to deal directly with the Federal Reserve bank, he or she will have to pay transportation charges. Assistant Secretary of the Treasury R. C. Lef-fingwell, Lef-fingwell, in an appeal to the banks to handle the exchange of bonds, expressed ex-pressed confidence that the banking houses of the country would forego the collection of fees and thus complete "their patriotic service in connection with war loans by carrying out this last and, mechanically, the largest operation related to our war financing without imposing charges for their own services. Holders of temporary bonds will, it is hoped, consult their own banks and avail themselves of thuir assistance in effecting exchanges for permanent bonds." The Federal Reserve bank will announce an-nounce later the date on which the exchange will begin. |