In the Transatlantic Sessions recording these are the chords I hear, almost consistent from verse to verse but with a few variations; I found only twice using F# bass with G chord (but my speakers aren't the best), and once the last Em of the verse comes early, maybe to emphasize the sadness:


Em                   G
I went out late one night,
    D                           C
The moon and stars were shining bright
   C                     D          G
A storm come up and the trees come down,
   D                        Em
I tell you boys I was waterbound

Em                         G
Waterbound on a stranger's shore
G                   C
River rising to my door
C                      D    G
Carried my home to the field below
    G    G/F#    Em
I'm waterbound, nowhere to go.

Em                            G
Carved my name on an old barn wall
    G                      D       C
Or no-one would know I was there at all
C                  D       G
Stable's dry on a winter's night
       G                               Em
If you turn your head you can see the light.

Em                               G
Black cat crawling on an old box car
   G                         C
A rusty door and a falling star
       C                D      G
Ain't got a dime in my nation sack
    G                           Em
I'm waterbound and I can't get back

Em                            G
It's I'm going and I won't be back
       Em                         C
If you don't believe me count my tracks
    C                            G
The river's long and the river's wide
      G                         Em
I'll meet you boys on the other side

    Em                      G
So say my name and don't forget
    G                         C
The water still ain't got me yet
       C               D       G
Ain't nothing but I'm bound to roam
    G    G/F#                  Em
I'm waterbound and I can't get home