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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States
Circular No. 7707
September 11, 1975
]
AUCTION OF $5.0 BILLION OF TREASURY NOTES
To A ll Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:
The following statement was issued September 10 by the Treasury Department:
The Treasury will auction to the public $3.0 billion of 2-year notes, and $2.0 billion of 29-month notes.
This will refund $2.0 billion of notes held by the public maturing September 30, and will raise $3.0 billion new
cash. Additional amounts of the notes may be issued at the average price of accepted tenders to Government
accounts and to Federal Reserve Banks for themselves and as agents of foreign and international monetary
authorities, which hold $0.1 billion of maturing notes.
The notes to be auctioned will be:
$3.0 billion of Treasury Notes of Series M-1977 dated September 30, 1975, due September 30, 1977
(CUSIP No. 912827 EX6) with interest payable on March 31 and September 30, and
$2.0 billion of Treasury Notes of Series G-1978 dated October 7, 1975, due February 28, 1978
(CUSIP No. 912827 EY4) with interest payable February 29 and August 31, 1976, and thereafter on
February 28 and August 31.
The coupon rates will be determined after tenders are allotted.
The notes will be issued in registered and bearer form in denominations of $5,000, $10,000, $100,000 and
$1,000,000, and will be available for issue in book-entry form. Payment for the notes may not be made
through tax and loan accounts.
Tenders for the 2-year notes will be received up to 1:30 p.m., Eastern Daylight Saving time, Tuesday,
September 16, and tenders for the 29-month notes will be received up to 1:30 p.m., Eastern Daylight Saving
time, Wednesday, September 24, at any Federal Reserve Bank or Branch and at the Bureau of the Public
Debt, Washington, D.C. 20226; provided, however, that noncompetitive tenders will be considered timely
received if they are mailed to any such agency under a postmark no later than September 15 for the 2-year
notes and September 23 for the 29-month notes. Each tender must be in the amount of $5,000 or a multiple
thereof, and all tenders must state the yield desired, if a competitive tender, or the term “noncompetitive”
,if a
noncompetitive tender. Fractions may not be used in tenders. The notation “T E N D E R F O R T R E A S U R Y
N O T E S (Series M-1977 or Series G-1978)”should be printed at the bottom of envelopes in which tenders are
submitted.
Competitive tenders must be expressed in terms of annual yield in two decimal places, e.g., 7.11, and not
in terms of a price. Tenders at the lowest yields, and noncompetitive tenders, will be accepted to the extent
required to attain the amounts offered. After a determination is made as to which tenders are accepted, a
coupon yield will be determined for each issue to the nearest 1/8 of 1 percent necessary to make the average
accepted prices 100.000 or less. Those will be the rates of interest that will be paid on all of the securities of
each issue. Based on such interest rates, the price on each competitive tender allotted will be determined and
each successful competitive bidder will pay the price corresponding to the yield he bid. Price calculations will
be carried to three decimal places on the basis of price per hundred, e.g., 99.923, and the determinations of the
Secretary of the Treasury shall be final. Tenders at a yield that will produce a price less than 99.501 will not be
accepted. Noncompetitive bidders will be required to pay the average price of accepted competitive tenders;
the price will be 100.000 or less.
The Secretary of the Treasury expressly reserves the right to accept or reject any 6r all tenders, in whole or
in part, and his action in any such respect shall be final. Subject to these reservations noncompetitive tenders
for $500,000 or less for each issue of notes will be accepted in full at the average price of accepted competitive
tenders.
f
Commercial banks, which for this purpose are defined as banks accepting demand deposits, and dealers
who make primary markets in Government securities and report daily to the Federal Reserve Bank of N e w
York their positions with respect to Government securities and borrowings thereon, may submit tenders for the
account of customers, provided the names of the customers are set forth in such tenders. Others will not be
permitted to submit tenders except for their own account.
Tenders will be received without deposit from commercial and other banks for their own account,
Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof,
public pension and retirement and other public funds, international organizations in which the United States
holds membership, foreign central banks and foreign States, dealers who make primary markets in
Government securities and report daily to the Federal Reserve Bank of N e w York their positions with respect
to Government securities and borrowings thereon, Federal Reserve Banks, and Government accounts.
Tenders from others must be accompanied by payment of 5 percent of the face amount of notes applied for.
However, bidders who submit checks in payment on tenders submitted directly to a Federal Reserve Bank or
the Treasury may find it necessary to submit full payment for the notes with their tenders in order to meet the
time limits pertaining to checks as hereinafter set forth. Allotment notices will not be sent to bidders who
submit noncompetitive tenders.
Payment for accepted tenders for the 2-year notes must be completed on or before Tuesday, September
30, 1975. Payment for accepted tenders for the 29-month notes must be completed on or before Tuesday,
October 7, 1975. Payment must be in cash, 8 % % Treasury Notes of Series G-1975 which will be accepted at
par {for the 2-year notes), in other funds immediately available to the Treasury by the payment date or by
check drawn to the order of the Federal Reserve Bank to which the tender is submitted, or the United States
Treasury if the tender is submitted to it, which must be received at such Bank or at the Treasury no later than:
(1) Thursday, September 25, 1975, for the 2-year notes and Thursday, October 2, 1975, for the 29-month
notes if the check is drawn on a bank in the Federal Reserve District of the Bank to which the check is
submitted, or the Fifth Federal Reserve District in case of the Treasury, or (2) Tuesday, September 23, 1975,
for the 2-year notes and Tuesday, September 30, 1975 for the 29-month notes if the check is drawn on a bank
in another district. Checks received after the dates set forth in the preceding sentence will not be accepted
unless they are payable at a Federal Reserve Bank. Where full payment is not completed on time, the
allotment will be canceled and the deposit with the tender up to 5 percent of the amount of notes allotted will
be subject to forfeiture to the United States.
The terms of the offerings are set forth in Treasury Department Circulars Nos. 28-75 and 29-75, Public
Debt Series, dated September 11, 1975; a copy of each is printed on the following pages.
This Bank will receive tenders—for the notes of Series M-1977, up to 1:30 p.m., Eastern Daylight
Saving time, Tuesday, September 16, 1975; and for the notes of Series G-1978, up to 1:30 p.m., Eastern
Daylight Saving time, Wednesday, September 24, 1975—at the Securities Department of its Head Office
and at its Buffalo Branch; provided, however, that noncompetitive tenders will be considered timely
received if they are mailed to this Bank or its Branch under a postmark no later than September 15 for the
notes of Series M-1977 and September 23 for the notes of Series G-1978. Please use the enclosed forms to
submit tenders, and return them in the enclosed envelope marked “Tender for Treasury Notes or Bonds.”
Tenders not requiring a deposit may be submitted by telegraph, subject to written confirmation; no tenders
may be submitted by telephone.
Settlement for accepted tenders must be made in accordance with the conditions and procedures set
forth in Section IV of each of the official offering circulars. If payment is made by check, the check must be
a certified personal check or an official bank check, payable on its face to the Federal Reserve Bank of New
York; checks endorsed to this Bank will not be accepted.
The securites will be auctioned on a yield basis, rather than on a price basis, as set forth in Section III
of the official offering circulars. Tenders at a yield that will produce a price less than 99.501 will not be
accepted. Noncompetitive bidders will be required to pay the average price of accepted competitive
tenders.
Telephone inquiries regarding this offering may be made by calling Telephone No. 212-791-5823,
212-791-6616, or 212-791-5465.
%
P a u l A. V o l c k e r ,
President.
2
UNITED STATES OF AMERICA
T R E A SU R Y NO TES OF SERIES M -1977
Dated and bearing interest from September 30, 1975
DEPARTM ENT CIRCULAR
Public DebJ S e rie s-N o . 28-75
Due September 30, 1977
DEPARTMENT OF THE TREASURY,
Office of the Secretary,
Washington, September 11, 1975.
I. INVITATION FOR TENDERS
1. The Secretary of the Treasury, pursuant to the
authority of the Second Liberty Bond Act, as amended,
invites tenders on a yield basis for $3,000,000,000, or
thereabouts, of notes of the United States, designated
Treasury Notes of Series M-1977. The interest rate for
the notes will be determined as set forth in Section III,
paragraph 3, hereof. Additional amounts of these notes
may be issued at the average price of accepted tenders
to Government accounts and to Federal Reserve Banks
for themselves and as agents of foreign and inter
national monetary authorities. Tenders will be received
up to 1:30 p.m., Eastern Daylight Saving time, Tuesday,
September 16, 1975, under competitive and
noncompetitive bidding, as set forth in Section III
hereof. The 8% percent Treasury Notes of Series G1975, maturing September 30, 1975, will be accepted at
par in payment, in whole or in part, to the extent
tenders are allotted by the Treasury.
II. DESCRIPTION OF NOTES
1. The notes will be dated September 30, 1975, and
will bear interest from that date, payable semiannually
on March 31 and September 30, 1976, and March 31
and September 30, 1977. They will mature September
30, 1977, and will not be subject to call for redemption
prior to maturity.
2. The income derived from the notes is subject to all
taxes imposed under the Internal Revenue Code of
1954. The notes are subject to estate, inheritance, gift
or other excise taxes, whether Federal or State, but are
exempt from all taxation now or hereafter imposed on
the principal or interest thereof by any State, or any of
the possessions of the United States, or by any local
taxing authority.
3. The notes will be acceptable to secure deposits of
public moneys. They will not be acceptable in payment
of taxes.
4. Bearer notes with interest coupons attached, and
notes registered as to principal and interest, will be
issued in denominations of $5,000, $10,000, $100,000
and $1,000,000. Book-entry notes will be available to
eligible bidders in multiples of those amounts. Inter
changes of notes of different denominations and of
coupon and registered notes, and the transfer of regis
tered notes will be permitted.
5. The notes will be subject to the general regulations
of the Department of the Treasury, now or hereafter
prescribed, governing United States notes.
III. TENDERS AND ALLOTMENTS
1. Tenders will be received at Federal Reserve Banks
and Branches and at the Bureau of the Public Debt,
Washington, D. C. 20226, up to the closing hour, 1:30
p.m., Eastern Daylight Saving time, Tuesday, Septem
ber 16, 1975. Each tender must state the face amount of
notes bid for, which must be $5,000 or a multiple
thereof, and the yield desired, except that in the case of
noncompetitive tenders the term “noncompetitive”
should be used in lieu of a yield. In the case of
competitive tenders, the yield must be expressed in
terms of an annual yield, with two decimals, e.g., 7.11.
Fractions may not be used. Noncompetitive tenders
from any one bidder may not exceed $500,000.
2. Commercial banks, which for this purpose are
defined as banks accepting demand deposits, and deal
ers who make primary markets in Government secu
rities and report daily to the Federal Reserve Bank of
N e w York their positions with respect to Government
securities and borrowings thereon, may submit tenders
for account of customers provided the names of the
customers are set forth in such tenders. Others will not
be permitted to submit tenders except for their own
account. Tenders will be received without deposit from
banking institutions for their own account, Federallyinsured savings and loan associations, States, political
subdivisions or instrumentalities thereof, public pension
and retirement and other public funds, international
organizations in which the United States holds
membership, foreign central banks and foreign States,
dealers who make primary markets in Government
securities and report daily to the Federal Reserve Bank
of N e w York their positions with respect to Government
securities and borrowings thereon, and Government
accounts. Tenders from others must be accompanied by
payment (in cash or 8% percent Treasury Notes of
Series G-1975 which will be accepted at par) of 5
percent of the face amount of notes applied for.
3.
Immediately after the closing hour tenders will be
opened, following which public announcement will be
made by the Department of the Treasury of the amount
and yield range of accepted bids. Those submitting
competitive tenders will be advised of the acceptance or
rejection thereof. In considering the acceptance of
tenders, those with the lowest yields will be -accepted to
the extent required to attain the amount offered. Ten
ders at the highest accepted yield will be prorated if
necessary. After the determination is made as to which
tenders are accepted, an interest rate will be established
at the nearest Vs of one percent necessary to make the
average accepted price 100.000 or less. That will be the
rate of interest that will be paid on all of the notes.
Based on such interest rate, the price on each com
petitive tender allotted will be determined and each
successful competitive bidder will be required to pay the
price corresponding to the yield bid. Price calculations
will be carried to three decimal places on the basis of
price per hundred, e.g., 99.923, and the determinations
of the Secretary of the Treasury shall be final. The
Secretary of the Treasury expressly reserves the right to
accept or reject any or all tenders, in whole or in part,
including the right to accept tenders for more or less
than the $3,000,000,000 of notes offered to the public,
and his action in any such respect shall be final. Subject
to these reservations, noncompetitive tenders for
$500,000 or less without stated yield from any one
bidder will be accepted in full at the average price (in
three decimals) of accepted competitive tenders.
In every case where full payment is not completed, the
payment with the tender up to 5 percent of the amount
of notes allotted shall, upon declaration made by the
Secretary of the Treasury in his discretion, be forfeited
to the United States. W h e n payment is made with
notes, a cash adjustment will be made to or required of
the bidder for any difference between the face amount
of notes submitted and the amount payable on the notes
allotted.
V. ASSIGNMENT OF REGISTERED NOTES
1.
Registered notes tendered as deposits and in
payment for notes allotted hereunder are not required
to be assigned if the notes are to be registered in the
same names and forms as appear in the registrations or
assignments of the notes surrendered. Specific instruc
tions for the issuance and delivery of the notes, signed
by the owner or his authorized representative, must
accompany the notes presented. Otherwise, the notes
should be assigned by the registered payees or assignees
thereof in accordance with the general regulations gov
erning United States securities, as hereinafter set forth.
W h e n the new notes are to be registered in names and
forms different from those in the inscriptions or assign
ments of the notes presented the assignment should be
to “The Secretary of the Treasury for Treasury Notes of
Series M-1977 in the name of (name and taxpayer
identifying number)”
. If notes in coupon form are
desired, the assignment should be to “The Secretary of
the Treasury for coupon Treasury Notes of Series
M-1977 to be delivered to ......................”
Notes tendered in payment should be surrendered to
the Federal Reserve Bank or Branch or at the Bureau of
the Public Debt, Washington, D. C. 20226. The notes
must be delivered at the expense and risk of the holder.
IV. PAYMENT
1. Settlement for accepted tenders in accordance with
the bids must be made or completed on or before
September 30, 1975, at the Federal Reserve Bank or
Branch or at the Bureau of the Public Debt. Payment
must be in cash, 8% percent Treasury Notes of Series
G-1975 (interest coupons dated September 30, 1975
should be detached), in other funds immediately avail
able to the Treasury by September 30, 1975, or by
check drawn to the order of the Federal Reserve Bank
to which the tender is submitted, or the United States
Treasury if the tender is submitted to it, which must be
received at such Bank or at the Treasury no later than:
(1) Thursday, September 25, 1975, if the check is
drawn on a bank in the Federal Reserve District of the
Bank to which the check is submitted, or the Fifth
Federal Reserve District in the case of the Treasury, or
(2) Tuesday, September 23, 1975, ifthe check is drawn
on a bank in another district. Checks received after the
dates set forth in the preceding sentence will not be
accepted unless they are payable at a Federal Reserve
Bank. Payment will not be deemed to have been
completed where registered notes are requested if the
appropriate identifying number as required on tax
returns and other documents submitted to the Internal
Revenue Service (an individual’
s social security number
or an employer identification number) is not furnished.
VI. GENERAL PROVISIONS
1. As fiscal agents of the United States, Federal
Reserve Banks are authorized and requested to receive
tenders, to make such allotments as may be prescribed
by the Secretary of the Treasury, to issue such notices as
may be necessary, to receive payment for and make
delivery of notes on full-paid tenders allotted, and they
may issue interim receipts pending delivery of the
definitive notes.
2. The Secretary of the Treasury may at any time, or
from time to time, prescribe supplemental or amenda
tory rules and regulations governing the offering, which
will be communicated promptly to the Federal Reserve
Banks.
STEPHEN S. GARDNER,
Acting Secretary o f the Treasury.
4
UNITED STATES OF AMERICA
T R E A SU R Y N O TES OF SERIES G -1978
Dated and bearing interest from October 7, 1975
Due February 28, 1978
DEPARTM ENT OF THE TREASURY,
Office o f the Secretary,
DEPARTMENT CIRCULAR
Public Debt Series—No. 29-75
Washington, September 11, 1975.
5. The notes will be subject to the general regulations
of the Department of the Treasury, now or hereafter
prescribed, governing United States notes.
I. INVITATION FOR TENDERS
1.
The Secretary of the Treasury, pursuant to the
authority of the Second Liberty Bond Act, as amended,
invites tenders on a yield basis for $2,000,000,000, or
thereabouts, of notes of the United States, designated
Treasury Notes of Series G-1978. The interest rate for
the notes will be determined as set forth in Section III,
paragraph 3, hereof. Additional amounts of these notes
may be issued at the average price of accepted tenders
to Government accounts and to Federal Reserve Banks
for themselves and as agents of foreign and inter
national monetary authorities. Tenders will be received
up to 1:30 p.m., Eastern Daylight Saving time, Wednes
day, September 24, 1975, under competitive and
noncompetitive bidding, as set forth in Section III
hereof.
III. TENDERS AND ALLOTMENTS
1. Tenders will be received at Federal Reserve Banks
and Branches and at the Bureau of the Public Debt,
Washington, D. C. 20226, up to the closing hour, 1:30
p.m., Eastern Daylight Saving time, Wednesday,
September 24, 1975. Each tender must state the face
amount of notes bid for, which must be $5,000 or a
multiple thereof, and the yield desired, except that in
the case of noncompetitive tenders the term
“noncompetitive”should be used in lieu 9f a yield. In
the case of competitive tenders, the yield must be
expressed in terms of an annual yield, with two deci
mals, e.g., 7.11.
Fractions may not be used.
Noncompetitive tenders from any one bidder may not
exceed $500,000.
II. DESCRIPTION OF NOTES
1. The notes will be dated October 7, 1975, and will
bear interest from that date, payable on a semiannual
basis on February 29 and August 31, 1976, and there
after on February 28 and August 31 in each year until
the principal amount becomes payable. They will
mature February 28, 1978, and will not be subject to
call for redemption prior to maturity.
2. The income derived from the notes is subject to all
taxes imposed under the Internal Revenue Code of
1954. The notes are subject to estate, inheritance, gift
or other excise taxes, whether Federal or State, but are
exempt from all taxation now or hereafter imposed on
the principal or interest thereof by any State, or any of
the possessions of the United States, or by any local
taxing authority.
3. The notes will be acceptable to secure deposits of
public moneys. They will not be acceptable in payment
of taxes.
4. Bearer notes with interest coupons attached, and
notes registered as to principal and interest, will be
issued in denominations of $5,000, $10,000, $100,000
and $1,000,000. Book-entry notes will be available to
eligible bidders in multiples of those amounts. Inter
changes of notes of different denominations and of
coupon and registered notes, and the transfer of regis
tered notes will be permitted.
2. Commercial banks, which for this purpose are
defined as banks accepting demand deposits, and deal
ers who make primary markets in Government secu
rities and report daily to the Federal Reserve Bank of
N e w York their positions with respect to Government
securities and borrowings thereon, may submit tenders
for account of customers provided the names of the
customers are set forth in such tenders. Others will not
be permitted to submit tenders except for their own
account. Tenders will be received without deposit from
banking institutions for their own account, Federallyinsured savings and loan associations, States, political
subdivisions or instrumentalities thereof, public pension
and retirement and other public funds, international
organizations in which the United States holds
membership, foreign central banks and foreign States,
dealers who make primary markets in Government
securities and report daily to the Federal Reserve Bank
of N e w York their positions with respect to Government
securities and borrowings thereon, and Government
accounts. Tenders from others must be accompanied by
payment of 5 percent of the face amount of notes
applied for.
5
United States Treasury if the tender is submitted to it,
which must be received at such Bank or at the Treasury
no later than: (1) Thursday, October 2, 1975, if the
check is drawn on a bank in the Federal Reserve
District of the Bank to which the check is submitted, or
the Fifth Federal Reserve District in the case of the
Treasury, or (2) Tuesday, September 30, 1975, if the
check is drawn on a bank in another district. Checks
received after the dates set forth in the preceding
sentence will not be accepted unless they are payable at
a Federal Reserve Bank. Payment will not be deemed
to have been completed where registered notes are
requested if the appropriate identifying number as
required on tax returns and other documents submitted
to the Internal Revenue Service (an individual’
s social
security number or an employer identification number)
is not furnished. In every case where full payment is not
completed, the payment with the tender up to 5 percent
of the amount of notes allotted shall, upon declaration
made by the Secretary of the Treasury in his discretion,
be forfeited to the United States.
3.
Immediately after the closing hour tenders will be
opened, following which public announcement will be
made by the Department of the Treasury of the amount
and yield range of accepted bids. Those submitting
competitive tenders will be advised of the acceptance or
rejection thereof. In considering the acceptance of
tenders, those with the lowest yields will be accepted to
the extent required to attain the amount offered. Ten
ders at the highest accepted yield will be prorated if
necessary. After the determination is made as to which
tenders are accepted, an interest rate will be established
at the nearest Vs of one percent necessary to make the
average accepted price 100.000 or less. That will be the
rate of interest that will be paid on all of the notes.
Based on such interest rate, the price on each com
petitive tender allotted will be determined and each
successful competitive bidder will be required to pay the
price corresponding to the yield bid. Price calculations
will be carried to three decimal places on the basis of
price per hundred, e.g., 99.923, and the determinations
of the Secretary of the Treasury shall be final. The
Secretary of the Treasury expressly reserves the right to
accept or reject any or all tenders, in whole or in part,
including the right to accept tenders for more or less
than the $2,000,000,000 of notes offered to the public,
and his action in any such respect shall be final. Subject
to these reservations, noncompetitive tenders for
$500,000 or less without stated yield from any one
bidder will be accepted in full at the average price (in
three decimals) of accepted competitive tenders.
V. GENERAL PROVISIONS
1. As fiscal agents of the United States, Federal
Reserve Banks are authorized and requested to receive
tenders, to make such allotments as may be prescribed
by the Secretary of the Treasury, to issue such notices as
may be necessary, to receive payment for and make
delivery of notes on full-paid tenders allotted, and they
may issue interim receipts pending delivery of the
definitive notes.
IV. PAYMENT
2. The Secretary of the Treasury may at any time, or
from time to time, prescribe supplemental or amenda
tory rules and regulations governing the offering, which
will be communicated promptly to the Federal Reserve
Banks.
1. Settlement for accepted tenders in accordance with
the bids must be made or completed on or before
October 7, 1975, at the Federal Reserve Bank or Branch
or at the Bureau of the Public Debt, Washington, D. C.
20226. Payment must be in cash, in other funds
immediately available to the Treasury by October 7,
1975, or by check drawn to the order of the Federal
Reserve Bank to which the tender is submitted, or the
STEPHEN S. GARDNER,
Acting Secretary of the Treasury.
6
FORM NA-1
IMPORTANT—Closing time for receipt of this tender is 1:30 p.m., Tuesday, September 16, 1975.
TENDER FOR TREASURY NOTES OF SERIES M-1977
Dated September 30, 1975
Due September 30, 1977
Dated at..........................
Fiscal Agent of the United States,
N e w York, N. Y. 10045
............................. . 19 _
Pursuant to the provisions of Treasury Department Circular No. 28-75, Public Debt Series, dated
September 11, 1975, the undersigned hereby offers to purchase United States of America Treasury Notes of
Series M-1977 in the amount indicated below, and agrees to make payment therefor at your Bank on or before
the issue date at the price awarded on this tender.
F e d e r a l R e se rv e B an k o f N ew Y o rk ,
COMPETITIVE TENDER
Do not fill in both competitive and
Noncompetitive tenders on one form
NONCOMPETITIVE TENDER
$........................... (maturity value)
or any lesser amount that may be awarded.
$........................... (maturity value)
Yield: .....
at the average price of accepted competitive bids.
(Not to exceed $500,000 for one bidder through all sources)
(Yield must be expressed with not more than two
decimal places, for example, 7.11)
Subject to allotment, please issue, deliver, and accept payment for the securities as indicated below and on
the reverse side (if registered securities are desired, please also complete schedule on reverse side):
Pieces
Denomination
$
Maturity value
5,000
10,000
100,000
1,000,000
□ 1. Deliver over the counter to the un
dersigned
□ 2. Ship to the undersigned
□ 3. Hold in safekeeping (for member
bank only) in —
□ Investment Account
□ General Account
□ Trust Account
u 4. Mom as collateral tor I reasury lax
and Loan Account*
Payment will be made as follows:
□
By charge to our reserve account
□
By cash or check in immediately avail
□
By surrender of maturing securities as
indicated in official circular
able funds
Q 5 s
ja, instructions.
(No changes in delivery institu tions
will be accepted)
Totals
* The undersigned certifies that the allotted securities will be owned solely by the undersigned.
( If a commercial bank or dealer is subscribing for its own account or for account of customers, the following
certifications are made a part of this tender.)
*
W e H e r e b y C e r t if y th a t w e h a v e re c e iv e d te n d e rs fro m o u r c u sto m e rs in th e a m o u n ts se t fo rth o p p o s ite the
c u sto m e r s’ n a m e s o n the list w h ich is m a d e a p a r t o f th is te n d e r, a n d th a t w e h a v e eith e r re c e iv e d a n d are
h o ld in g fo r th e T r e a su r y o r w e g u a r a n te e p a y m e n t to the T r e a s u r y o f d e p o sits stip u la te d in th e o fficial o ffe rin g
circ u la r.
W e F u r t h e r C e r t if y th a t te n d e rs re ce iv e d b y u s, i f an y , fro m o th e r c o m m e rc ia l b a n k s fo r th e ir o w n
a c c o u n t a n d fo r th e a cc o u n t o f th e ir c u sto m e rs h a v e b e e n e n te re d w ith u s u n d e r th e s a m e c o n d itio n s,
a g r e e m e n ts , a n d ce rtifica tio n s a s se t fo rth in th is fo rm .
(Name o f subscriber—please print or type)
Insert this tender in
special envelope marked
“ Tender fo r Treasury
Notes or Bonds ”
(Address—incl. City and State)
(Tel. No.)
( Signature o f subscriber or authorized signature)
(Title o f authorized signer)
(Banking institutions submitting tenders for customer account must list customers’ names on lines below or on an attached rider)
(Nam e o f customer
(Name o f customer)
INSTRUCTIONS:
1. No tender for less than than $5,000 will be considered; and each tender must be for a multiple of $5,000 (maturity value).
2. Only banking institutions, and dealers who make primary markets in Government securities and report daily to this Bank their
positions with respect to Government securities and borrowings thereon, may submit tenders for customer account; in doing so, they may
consolidate competitive tenders at the same yield and may consolidate noncompetitive tenders, provided a list is attached showing the name
of each bidder and the amount bid for his account. Others will not be permitted to submit tenders except for their own account.
3. If the person making the tender is a corporation, the tender should be signed by an officer of the corporation authorized to make the
tender, and the signing of the tender by an officer of the corporation will be construed as a representation by him that he has been so
authorized. If the tender is made by a partnership, it should be signed by a member o f the firm, who should sign in the form
« ................................................................. . a copartnership, b y................................................................................................................. . a member
of the firm.”
4. Tenders will be received without deposit from commercial and other banks for their own account, federally-insured savings and loan
associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international
organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in
Government securities and report daily to the Federal Reserve Bank o f New York their positions with respect to Government securities and
borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent o f the face amount of
the securities applied for. All checks must be drawn to the order of the Federal Reserve Bank of New York; checks endorsed to this Bank
will not be accepted.
5. If the language o f this tender is changed in any respect that, in the opinion of the Secretary of the Treasury, is material, the tender
may be disregarded.
( o ver)
SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES M-1977
SUBSCRIPTION NO.
SUBSCRIBER.
SIGNATURE_
DELIVERY INSTRUCTIONS
PAYMENT INSTRUCTIONS
□
DELIVER OVER THE COUNTER
□
BY CHARGE TO OUR
RESERVE ACCOUNT
□
SHIP TO SUBSCIBER
□
□
OTHER INSTRUCTIONS.
BY CASH OR CHECK
IN IMMEDIATELY AVAILABLE FUNDS
ADDRESS___
FOR FRB USE ONLY
TRANS. ACCOUNTING DATE
ISSUE AGENT 12
LO AN CODE
September 30, 1975
Z IP
110-01
NO. OF
PIECES
REGISTRATION INSTRUCTIONS
OENOM.
AMOUNT
SERIAL NOS.
(LEAVE BLANK)
FOR FRB USE ONLY
NAME(S)
32
34
ID OR S.S. NO.
38
5 ,0 0 0
1 0 ,0 0 0
10 0 ,0 0 0
ADDRESS
42
ZIP
99
1 ,0 0 0 ,0 0 0
TOTAL
TR. CASE NO.
NAME(S)
32
5 ,0 0 0
34
1 0 ,0 0 0
38
10 0 ,0 0 0
42
1 ,0 0 0 ,0 0 0
ID OR S.S. NO.
ADDRESS
ZIP
99
TOTAL
TR CASE NO.
NAME(S)
32
34
ID OR S.S. NO.
38
ADDRESS
ZIP
5 000
1 0 ,0 0 0
10 0 ,0 0 0
42
1 ,0 0 0 ,0 0 0
99
TOTAL
TR. CASE NO.
NAME(S)
32
34
ID OR S.S. NO.
38
ADDRESS
42
ZIP
99
5 ,0 0 0
1 0 ,0 0 0
10 0 ,0 0 0
1 ,0 0 0 ,0 0 0
TOTAL
TR. CASE NO.
NAME(S)
32
34
ID OR S.S. NO.
ADDRESS
ZIP
5 ,0 0 0
1 0 ,0 0 0
38
0 0 ,0 0 0
42
1 ,0 0 0 ,0 0 0
99
TOTAL
TR. CASE NO.
FORM NA-2
IMPORTANT—Closing time for receipt of this tender is 1:30 p.m., Wednesday, September 24, 1975.
TENDER FOR TREASURY NOTES OF SERIES G-1978
Dated October 7, 1975
Due February 28, 1978
D ated a t ...........................................................
Fiscal Agent of the United States,
New York, N. Y. 10045
.................................................................. 19 _
Pursuant to the provisions of Treasury D epartm ent Circular No. 29-75, Public D ebt Series, dated
Septem ber 11, 1975, the undersigned hereby offers to purchase United States o f America Treasury Notes o f
Series G-1978 in the am ount indicated below, and agrees to make paym ent therefor at your Bank on or before
the issue date at the price aw arded on this tender.
F e d e r a l R eserve B an k o f N e w Y o rk ,
COMPETITIVE TENDER
Do not fill in both competitive and
Noncompetitive tenders on one form
NONCOMPETITIVE TENDER
$ ............................................................. (m aturity value)
or any lesser amount that may be awarded.
$ ............................................................. (m aturity value)
Yield: ...........
at the average price o f accepted competitive bids.
(Not to exceed $500,000 fo r one bidder through all sources)
(Y ield must be expressed with not more than two
decimal places, fo r example, 7.11)
Subject to allotment, please issue, deliver, and accept paym ent for the securities as indicated below and on
the reverse side (if registered securities are desired, please also complete schedule on reverse side):
Pieces
Denomination
$
Maturity value
5,000
10,000
100,000
1,000,000
□ I. Deliver over the counter to the un
dersigned
□ 2. Ship to the undersigned
□ 3. Hold in safekeeping (for member
bank only) in —
□ Investment Account
□ General Account
□ Trust Account
□ 4. Hold as collateral for Treasury Tax
and Loan Account*
Payment will be made as follows:
□
By charge to our reserve account
□
By cash or check in im m ediately
available funds
□ 5. Special instructions.
(N o changes in delivery instructions
will be accepted)
Totals
* The undersigned certifies that the allotted securities will be owned solely by the undersigned.
( If a commercial bank or dealer is subscribing for its own account or for account o f customers, the following
certifications are made a part o f this tender.)
W e H e r e b y C e r t i f y that we have received tenders from our customers in the amounts set forth opposite the
customers’ names on the list which is m ade a part o f this tender, and that we have either received and are
holding for the Treasury or we guarantee paym ent to the Treasury o f deposits stipulated in the official offering
circular.
W e F u r t h e r C e r t i f y that tenders received by us, if any, from other commercial banks for their own
account and for the account o f their customers have been entered with us under the same conditions,
agreements, and certifications as set forth in this form.
(N am e of subscriber—please print or type)
Insert this tender in
special envelope marked
“Tender fo r Treasury
Notes or Bonds"
(Address—incl. City and State)
(Tel. No.)
(Signature of subscriber or authorized signature)
(Title of authorized signer)
( Banking institutions submitting tenders for customer account must list customers’ names on lines below or on an attached rider)
(N am e of customer
(N am e of customer)
INSTRUCTIONS:
1. No tender for less than $5,000 will be considered; and each tender must be for a multiple o f $5,000 (maturity value).
2 Only banking institutions, and dealers who make primary markets in Government securities and report daily to this Bank their
positions with respect to Government securities and borrowings thereon, may submit tenders for customer account; in doing so, they may
consolidate competitive tenders at the same yield and may consolidate noncompetitive tenders, provided a list is attached showing the name
o f each bidder and the amount bid for his account. Others will not be permitted to submit tenders except for their own account.
3 If the person making the tender is a corporation, the tender should be signed by an officer o f the corporation authorized to make the
tender, and the signing o f the tender by an officer o f the corporation will be construed as a representation by him that he has been so
authorized. If the tender is made by a partnership, it should be signed by a member o f the firm, who should sign in the form
«
..................................................... a copartnership, b y ........................................................................................................................... a member
o f the firm.”
4 Tenders will be received without deposit from commercial and other banks for their own account, federally-insured savings and loan
associations States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international
organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in
Government securities and report daily to the Federal Reserve Bank o f New York their positions with respect to Government secunties and
borrowings thereon and Government accounts. Tenders from others must be accompanied by payment o f 5 percent o f the face amount o f
the securities applied for. All checks must be drawn to the order o f the Federal Reserve Bank o f New York; checks endorsed to this Bank
will not be accepted.
5. If the language o f this tender is changed in any respect that, in the opinion o f the Secretary o f the Treasury, is material, the tender
may by disregarded.
(
over)
SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES G-1978
SUBSCRIPTION NO.
SUBSCRIBER.
SIG N A TU R E _
DELIVERY INSTRUCTIONS
PAYMENT INSTRUCTIONS
□
DELIVER 0V E R THE COUNTER
□
BY CHARGE TO OUR
RESERVE ACCOUNT
□
SHIP TO SUBSCIBER
□
□
OTHER INSTRUCTIONS:
BY CASH OR CHECK
IN IMMEDIATELY AVAILABLE FUNDS
ADDRESS___
FOR FRB USE ONLY
TRANS. ACCOUNTING DATE
ISSUE AGENT 12
LO AN CODE
October 7, 1975
Z IP
INTEREST COM P DATE
NO. OF
PIECES
REGISTRATION INSTRUCTIONS
DENOM.
AMOUNT
SERIAL NOS.
(LEAVE BLANK)
110-01
FOR FRB USE ONLY
NAME(S)
32
34
ID OR S.S. NO.
38
ADDRESS
4?
ZIP
99
5 ,0 0 0
1 0 ,0 0 0
1 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
TOTAL
TR. CASE NO.
NAME(S)
32
ID OR S.S. NO.
5 ,0 0 0
34
1 0 ,0 0 0
38
10 0 ,0 0 0
42
1 ,0 0 0 ,0 0 0
ADDRESS
ZIP
99
TOTAL
TR CASE NO.
NAME(S)
32
34
ID OR S.S. NO.
38
5 ,0 0 0
1 0 ,0 0 0
1 0 0 ,0 0 0
ADDRESS
ZIP
42
1 ,0 0 0 ,0 0 0
99
TOTAL
TR. CASE NO.
NAME(S)
32
34
ID OR S.S. NO.
38
ADDRESS
42
ZIP
99
5 ,0 0 0
1 0 ,0 0 0
1 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
TOTAL
TR. CASE NO.
NAME(S)
32
34
ID OR S.S. NO.
5 ,0 0 0
1 0 ,0 0 0
38
1 0 0 ,0 0 0
42
1 ,0 0 0 ,0 0 0
ADDRESS
ZIP
99
TOTAL
TR. CASE NO.
@FedFRASER