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FE D ER A L R E SE R V E BANK O F DALLAS F I S C A L A G E N T O F T H E U N IT E D S T A T E S Dallas, Texas, August 11, 1966 TREASURY CASH FINANCING To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: There is quoted below a press statement issued today by the Treasury Department in regard to current financing: Treasury Offering of Tax Anticipation Bills The Treasury announced plans today to meet the first part of its cash needs for the current half-year period with the sale of $3 billion of Tax Anticipation bills. The sale will include $2 billion of Tax Anticipation bills maturing next March and $1 billion of Tax Anticipation bills maturing next April. These bills will be sold by competitive bidding on August 18 for payment August 26. Banks will be permitted to pay for their accepted tenders by 100 percent tax and loan account credit. The Treasury noted that the current borrowing is expected to provide for cash needs until late in October. The Treasury also noted that remaining cash needs in this calendar year would probably be met with the sale of additional April tax bills and June tax bills. Official announcements and tender forms for the two new series of Tax Anticipation bills are enclosed, and additional copies will be furnished upon request. Tenders should be forwarded in distinctively marked envelopes to reach this bank or appropriate branch before the closing time, eleven-thirty a.m., Central Standard Time, Thursday, August 18, 1966. Tenders may not be entered by telephone. Yours very truly, Watrous H. Irons President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERAL RESERVE BANK OF DALLAS F IS C A L A G EN T O F T H E U N ITED STA TES D allas, T exas, A ugust 11, 1966 TREASURY BILLS — TAX ANTICIPATION SERIES 208 DAYS TO MATURITY Dated August 26, 1966 $2,000,000,000 Maturing March 22, 1967 Acceptable at face value in payment of income taxes due March 15, 1967 To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: Your attention is invited to the following statement giving details of a new issue of Treasury bills: T h e T re a su ry D e p a rtm e n t, b y th is p u b lic notice, in v ite s te n d e rs for $2,000,000,000, or th ere ab o u ts, of 2 08-day T re a su ry bills, to b e issued on a d isc o u n t basis u n d e r c o m p e titiv e a n d n o n c o m p e titiv e b id d in g as h e re in a fte r pro v id ed . T h e bills of th is series w ill be d esig n ated T a x A n tic ip a tio n Series, th e y w ill be d a te d A u g u st 26, 1966, a n d th e y w ill m a tu re M a rc h 22, 1967. T h e y w ill be a cc ep te d a t face valu e in p a y m e n t of incom e taxes d u e on M a rch 15, 1967, a n d to th e e x te n t th e y a re n o t p re sen te d for th is p u rp o se th e face a m o u n t of th ese bills w ill b e p a y ab le w ith o u t in te re s t a t m a tu rity . T a x p a y e rs d esirin g to a p p ly th ese b ills in p a y m e n t of M a rch 15, 1967, incom e taxes h av e th e p riv ileg e of su rre n d erin g th e m to a n y F e d e ra l R e se rv e B a n k or B ran ch o r to th e Office of th e T re a su re r of th e U n ite d S ta te s, W ashington, n o t m ore th a n fifteen days before M a rch 15, 1967, a n d receiv ing re c e ip ts th e re fo r show ing th e face a m o u n t of th e bills so su rre n d ere d . T h ese re c e ip ts m ay be su b m itte d in lieu of th e bills on or before M a rch 15, 1967, to th e D istric t D ire c to r of In te rn a l R e v en u e for th e D istric t in w hich such taxes a re p ay ab le. T h e bills w ill b e issued in b e a re r fo rm only, a n d in d e n o m in a tio n s of $1,000, $5,000, $10,000, $50,000, $100,000, $500,000 a n d $1,000,000 (m a tu rity v a lu e ). T e n d e rs w ill b e re ce iv e d a t F e d e ra l R e se rv e B an k s and B ra n ch e s u p to th e closing hour, o n e -th irty p.m ., E a s te rn D a y lig h t S av in g T im e , T h u rsd a y , A ugust 18, 1966. T e n d e rs w ill n o t b e receiv ed a t th e T re a su ry D e p a rtm e n t, W ashington. E a c h te n d e r m u st b e for a n even m u ltip le of $1,000, a n d in th e case of c o m p e titiv e te n d e rs th e p rice offered m u st be ex pressed on th e basis of 100, w ith n o t m ore th a n th re e decim als, e.g., 99.925. F ra c tio n s m ay n o t b e used. I t is u rg e d th a t te n d e rs b e m ad e on th e p rin te d form s a n d fo rw ard ed in th e special e nvelopes w hich w ill b e su p p lied b y F e d e ra l R e se rv e B a n k s or B ra n ch e s o n a p p lic a tio n th erefo r. B a n k in g in stitu tio n s g en erally m ay su b m it te n d e rs for acc o u n t of cu sto m ers p ro v id ed th e na m e s of th e c u to m ers are s e t fo rth in such ten d e rs. O th e rs th a n b a n k in g in stitu tio n s w ill n o t b e p e rm itte d to su b m it te n d e rs e x ce p t for th e ir own account. T e n d e rs w ill be receiv ed w ith o u t d e p o sit fro m in co rp o ra te d b a n k s a n d tr u s t com panies a n d fro m responsible a n d recognized d ealers in in v e stm e n t securities. T e n d e rs fro m o th ers m u st b e a cco m p an ied b y p a y m e n t of 2 p e rc e n t of th e face a m o u n t of T re a s u ry b ills a p p lie d for, unless th e te n d e rs a re acco m p an ied b y a n express g u a ra n ty of p a y m e n t b y an in co rp o ra te d b a n k or tr u s t com pany. A ll b id d ers a re re q u ire d to ag ree n o t to p u rc h ase or to sell, or to m ak e a n y ag ree m e n ts w ith re sp e c t to th e p u rch ase or sale or o th er disp o sitio n of a n y bills of th is issue a t a specific ra te or price, u n til a fte r o n e -th irty p.m ., E a s te rn D a y lig h t S a v ing T im e , T h u rsd a y , A ugust 18, 1966. Im m e d ia te ly a fte r th e closing ho u r, te n d e rs w ill b e opened a t th e F e d e ra l R e se rv e B an k s a n d B ran ch es, follow ing w hich p u b lic a n n o u n ce m e n t w ill b e m ad e b y th e T re a s u ry D e p a rtm e n t of th e a m o u n t a n d p rice ra n g e of a ccep ted bids. T h o se sub m ittin g te n d e rs w ill b e a d v ised of th e a cc ep ta n ce or re je ctio n th ere o f. T h e S e c re ta ry of th e T re a su ry expressly reserves th e rig h t to a cc ep t or re je c t a n y or a ll ten d e rs, in w hole or in p a rt, a n d his a ctio n in a n y such re sp ec t shall be final. S u b je c t to th ese re se r vations, n o n c o m p e titiv e te n d e rs for $400,000 or less w ith o u t sta te d p rice from a n y one b id d e r w ill b e a cc ep te d in fu ll a t th e average p ric e (in th re e d e cim als) of a cc ep te d c o m p e titiv e bids. P a y m e n t of a cc ep te d te n d e rs a t th e prices offered m u st b e m ade or co m p le te d a t th e F e d e ra l R e se rv e B a n k in cash or o th e r im m e d ia tely a v ailab le fu n d s on A u g u st 26, 1966, pro v id ed , how ever, a n y qualified d e p o sita ry w ill be p e rm itte d to m ak e p a y m e n t b y c re d it in its T re a s u ry ta x a n d lo an acco u n t for T re a su ry bills a llo tte d to it for itself a n d its cu sto m ers u p to a n y a m o u n t fo r w hich i t shall b e qualified in excess of ex istin g deposits w hen so notified b y th e F e d e ra l R e se rv e B a n k of its D istric t. T h e incom e d e riv e d fro m T re a su ry bills, w h e th e r in te re s t or gain from th e sale or o th er d isp o sitio n of th e bills, does n o t h a v e a n y exem p tio n , as such, a n d loss fro m th e sale or o th er d isp o sitio n o f T re a su ry bills does n o t h av e a n y special tre a tm e n t, as such, u n d e r th e In te rn a l R e v en u e C ode of 1954. T h e b ills a re su b je c t to e sta te , in h eritan c e, g ift or o th e r excise taxes, w h e th er F e d e ra l or S ta te , b u t a re e x em p t fro m all ta x a tio n now or h e re a fte r im p o sed on th e p rin c ip a l or in te re s t th e re o f b y a n y S ta te , o r a n y of th e possessions of th e U n ite d S ta te s, or b y a n y local tax in g a u th o rity . F o r p u rp o ses of ta x a tio n th e a m o u n t of discount a t w hich T re a s u ry bills a re originally sold b y th e U n ite d S ta te s is considered to be in te re s t. U n d e r S ections 454 ( b ) a n d 1221 ( 5 ) of th e In te rn a l R e v en u e C ode of 1954 th e a m o u n t of d isc o u n t a t w hich bills issued h e reu n d e r a re sold is n o t considered to a cc ru e u n til such b ills a re sold, re d ee m e d or o therw ise disposed of, a n d such bills a re excluded from c o n sid era tio n as c a p ita l assets. A ccordingly, th e ow ner of T re a su ry b ills (o th e r th a n life in su ra n ce co m p a n ies) issued h e re u n d e r n e ed in clu d e in his incom e ta x re tu rn o nly th e difference b etw ee n th e p rice p a id fo r such bills, w h e th er on original issue or on su b se q u e n t purchase, a n d th e a m o u n t a c tu a lly receiv ed e ith e r u p o n sale or re d e m p tio n a t m a tu rity d u rin g th e tax a b le y e a r fo r w hich th e re tu rn is m ade, as o rd in a ry gain or loss. T re a s u ry D e p a rtm e n t C ircu la r N o. 418 (c u rre n t re v isio n ) a n d th is notice, p re scrib e th e te rm s of th e T re a s u ry bills a n d govern th e c onditions of th e ir issue. C opies of th e c irc u la r m ay b e o b ta in e d fro m a n y F e d e ra l R e se rv e B a n k or B ranch. Payment for this issue of Treasury bills must be made or completed at this bank or appropriate branch in cash or other immediately available funds on August 26, 1966, provided, however, any qualified depositary will be per mitted to make payment by credit in its Treasury Tax and Loan Account for Treasury bills allotted to it for itself and its customers (up to the amount for which it shall be qualified in excess of existing deposits). Please note the required agreement not to purchase or sell this issue at a specific rate or price prior to one-thirty p.m., Eastern Daylight Saving Time, Thursday, August 18, 1966. In accordance with the above announcement, tenders will be received at this bank and its branches at El Paso, Houston and San Antonio, up to eleven-thirty a.m., Central Standard Time, Thursday, August 18, 1966. Tenders may not be entered by telephone. Yours very truly, Watrous H. Irons President This issue of Treasury bills will be accepted at face value in payment of income taxes due on March 15,1967 TENDER FOR TREASURY BILLS TAX ANTICIPATION SERIES 208 DAYS TO MATURITY Dated August 26, 1966 Maturing March 22,. 1967 To: Federal Reserve Bank, Station K, Dallas, Texas 75222 or — The___________________________________Branch El Paso 79999 Houston 77001 ---------------------------------- San Antonio 78206 (Date) Pursuant to the provisions of Treasury Department Circular No. 418 (current revision) and to the provisions of the public announcement, as shown on reverse side, as issued by the Treasury Department, the undersigned offers to purchase Treasury bills in the amount shown below, and agrees to pay for the amount allotted, on or before the issue date, by the method and at the rate indicated. NONCOMPETITIVE TENDER $__________________________ JNTOT TO EXCEED $400,000 Noncompetitive tenders for $400,000 or less from any one bidder, without stated price, will be accepted in full at the average price (in three decimals) of accepted competitive bids. COMPETITIVE TENDERS $ <7t\ $ $_ (C l) $ Prices should be ex100, with not more than -------- <§>.... $- ____ - ----------- e. g ., 99.925. Fractions must not be used. ^ " T E N D E R S MAY NOT BE ENTERED BY TELEPHONE. TENDERS BY WIRE, IF RECEIVED BEFORE THE CLOSING HOUR, ARE ACCEPTABLE. Denominations Desired N u m b e r of P ie c e s METHOD OF PAYMENT M a t u r i t y V a lu e @ $ $ <§■ 1 (a) $ (5) $ (a ) (a) (6b □ By charge to our Treasury Tax and Loan Account 1,000 $ 5,000 ? □ Payment to be made by....................................................... (Name of Bank) 10,000 $ 50,000 $ □ By charge to our reserve account on payment date. □ By draft enclosed (effectual delivery of enclosed draft shall be on latest day which will permit presentment in order to obtain irrevocably collected funds on payment date). $ 100,000 $ $ 500,000 $ $1 .,000,000 $ We certify that we, as well as our customers, if any, listed hereon have agreed not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any bills of this additional issue at a specific rate or price, until after one-thirty p.m., Eastern Daylight Saving Time. Thursday, August 18, 1966. Delivery Instructions: (S ubscriber's full na m e or co rp o rate title) □ Hold in Custody Account — Member banks for own account only (Address) By □ Pledge to Secure Treasury Tax and Loan Account □ Ship to________________ ____ ( A u t h o r i z e d official s i g n a t u r e a n d t i tl e ) _____ ( F o r t h e a c c o u n t of, if t e n d e r is f o r a n o t h e r s u b s c r i b e r ) (Address) IMPORTANT 1. No tender for less than $1,000 will be considered and each tender must be for an amount in multiples of $1,000 (maturity value). 2. Tenders should be forwarded in an envelope clearly addressed to this bank or appropriate branch as Fiscal Agent of the United States, with notation on the envelope reading “TENDER FOR TREASURY BILLS”. Since envelopes received with this legend will not be opened until after the closing time specified in the public announcement, communications relating to other matters should not be enclosed. Envelopes for submitting tenders may be requested from this bank or appropriate branch. 3. Any qualified or conditional tender will be rejected. 4. If a corporation makes the tender the form should be signed by an officer of the corporation authorized to make the tender and the signing of the form 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 of the firm, who should sign in the form “......................................................., a copartnership, by............................................................................ . a member of the firm”. 5. Tenders from those other than incorporated banks and trust companies or responsible and recognized dealers in invest ment securities will be disregarded, unless accompanied by a deposit of 2 percent of the total amount (maturity value) of the Treasury bills applied for, or unless the tenders are accompanied by an express guaranty of full payment by an incorporated bank or trust company. 6. If the language of this form is changed in any respect, which, in the opinion of the Secretary of the Treasury, is material, the tender may be disregarded. (See reverse for announcement) FEDERAL RESERVE BANK OF DALLAS F IS C A L . A G E N T O F T H E U N IT E D S T A T E S D allas, T ex as, A ugust 11, 1966 TREASURY BILLS — TAX ANTICIPATION SERIES 238 DAYS TO MATURITY Dated August 26, 1966 $1,000,000,000 Maturing April 21, 1967 Acceptable at face value in payment of income taxes due April 15, 1967 To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: Your attention is invited to the following statement giving details of a new issue of Treasury bills: T h e T re a su ry D e p a rtm e n t, b y th is p u b lic notice, in v ite s te n d e rs fo r $1,000,000,000, or th ere ab o u ts, of 238-day T re a su ry bills, to b e issued on a d isco u n t basis u n d e r c o m p e titiv e a n d n o n c o m p e titiv e b id d in g as h e re in a fte r pro v id ed . T h e bills of th is series w ill b e d esig n ated T a x A n tic ip a tio n Series, th e y w ill b e d a te d A ugust 26, 1966, a n d th e y w ill m a tu re A p ril 21, 1967. T h e y w ill be a ccep ted a t face v a lu e in p a y m e n t of incom e taxes due on A p ril 15, 1967, a n d to th e e x te n t th e y a re n o t p re sen te d for th is p u rp o se th e face a m o u n t of th ese bills w ill b e p a y ab le w ith o u t in te re s t a t m a tu rity . T a x p a y ers d esirin g to a p p ly th ese b ills in p a y m e n t of A p ril 15, 1967, incom e taxes have th e privilege of su rre n d erin g th e m to a n y F e d e ra l R eserv e B a n k or B ra n ch or to th e Office of th e T re a su re r of th e U n ite d S ta te s, W ashington, n o t m ore th a n fifteen days before A pril 15, 1967, and re ce iv ing re c e ip ts th e re fo r show ing th e face a m o u n t of th e bills so su rre n d ere d . T h e se re ce ip ts m ay b e su b m itte d in lieu of th e bills on or before A p ril 15, 1967, to th e D is tric t D ire c to r of In te rn a l R ev en u e fo r th e D is tric t in w hich such tax es a re p a y ab le. T h e bills w ill b e issued in b e a re r fo rm only, a n d in d e nom inations of $1,000, $5,000, $10,000, $50,000, $100,000, $500,000 a n d $1,000,000 (m a tu rity v a lu e ). T e n d e rs w ill b e re ce iv e d a t F e d e ra l R e se rv e B an k s a n d B ran ch es u p to th e closing h o u r, o n e -th irty p.m ., E a s te rn D a y lig h t S aving T im e , T h u rsd a y , A ugust 18, 1966. T e n d e rs w ill n o t b e receiv ed a t th e T re a su ry D e p a rtm e n t, W ashington. E a c h te n d e r m u st b e for a n even m u ltip le of $1,000, a n d in th e case of c o m p e titiv e te n d e rs th e p rice offered m u st b e ex p ressed on th e basis of 100, w ith n o t m ore th a n th re e d ecim als, e.g., 99.925. F ra c tio n s m ay n o t b e used. I t is u rged th a t te n d e rs b e m a d e on th e p rin te d fo rm s a n d forw arded in th e special e nvelopes w hich w ill be su p p lied b y F e d e ra l R e se rv e B an k s o r B ra n ch e s on a p p lic a tio n th erefo r. B a n k in g in stitu tio n s g en era lly m ay su b m it te n d e rs fo r acc o u n t of c u sto m ers p ro v id ed th e nam es of th e c u to m e rs a re se t fo rth in such ten d e rs. O th ers th a n b a n k in g in stitu tio n s w ill n o t b e p e rm itte d to su b m it te n d e rs e x ce p t for th e ir ow n account. T e n d e rs w ill b e re ce iv e d w ith o u t d e p o sit fro m in co rp o ra te d b a n k s a n d tr u s t com panies a n d fro m resp o n sib le a n d recognized d ealers in in v e s tm e n t securities. T e n d e rs from o th ers m u st b e a cc o m p a n ied b y p a y m e n t of 2 p e rc e n t of th e face a m o u n t of T re a s u ry b ills a p p lie d for, unless th e te n d e rs a re acco m p an ied b y a n express g u a ra n ty of p a y m e n t b y a n in c o rp o ra te d b a n k or tr u s t com pany. A ll b id d ers a re re q u ire d to a g ree n o t to p u rc h ase or to sell, o r to m a k e a n y ag reem en ts w ith re sp e c t to th e p urchase or sale or o th e r disposition of a n y bills of th is issue a t a specific ra te or price, u n til a fte r o n e -th irty p.m ., E a s te rn D a y lig h t S a v ing T im e , T h u rsd a y , A ugust 18, 1966. Im m e d ia te ly a fte r th e closing ho u r, te n d e rs w ill b e opened a t th e F e d e ra l R e se rv e B a n k s a n d B ranches, follow ing w hich p u b lic a n n o u n ce m e n t w ill b e m ade b y th e T re a su ry D e p a rtm e n t of th e a m o u n t a n d p rice range of a cc ep te d bids. T hose sub m ittin g te n d e rs w ill b e a dvised of th e a cc ep ta n ce or re je ctio n th ere o f. T h e S e c re ta ry of th e T re a su ry expressly reserves th e rig h t to a cc ep t or re je c t a n y or all ten d e rs, in w hole or in p a rt, a n d h is a ctio n in a n y such re sp ec t sh a ll be final. S u b je c t to th ese re se r vations, n o n c o m p e titiv e te n d e rs fo r $200,000 or less w ith o u t sta te d p ric e from a n y one b id d e r w ill b e a cc ep te d in full a t th e av erag e p ric e (in th re e d e cim als) of a ccep ted c o m p e titiv e bids. P a y m e n t of a ccep ted te n d e rs a t th e prices offered m u st b e m ad e or c o m p le te d a t th e F e d e ra l R e se rv e B a n k in cash o r o th e r im m e d ia te ly a v a ila b le fu n d s on A ugust 26, 1966, p rovided, how ever, a n y q ualified d e p o sita ry w ill b e p e rm itte d to m ak e p a y m e n t b y c re d it in its T re a su ry ta x a n d lo an a cc o u n t fo r T re a su ry b ills a llo tte d to i t fo r its e lf a n d its cu sto m ers u p to a n y a m o u n t for w hich i t shall b e qualified in excess of ex istin g deposits w hen so notified b y th e F e d e ra l R e se rv e B a n k of its D istric t. T h e incom e d e riv e d fro m T re a su ry bills, w h e th er in te re s t or gain from th e sale or o th er disp o sitio n of th e bills, does n o t h a v e a n y exem p tio n , as such, a n d loss fro m th e sale or o th er d isp o sitio n of T re a su ry bills does n o t h ave a n y special tre a tm e n t, as such, u n d e r th e In te rn a l R e v en u e C ode of 1954. T h e bills a re su b je ct to e sta te , in h eritan c e, g ift or o th e r excise taxes, w h e th er F e d e ra l o r S ta te , b u t a re e x em p t fro m all ta x a tio n now o r h e re a fte r im posed on th e p rin c ip a l o r in te re s t th e re o f b y a n y S ta te , or a n y of th e possessions of th e U n ite d S ta te s, o r b y a n y local tax in g a u th o rity . F o r p u rp o ses of ta x a tio n th e a m o u n t of d iscount a t w hich T re a su ry bills a re orig in ally sold b y th e U n ite d S ta te s is considered to b e in te re st. U n d e r S ections 454 ( b ) a n d 1221 (5 ) of th e In te rn a l R e v en u e C ode of 1954 th e a m o u n t of d isc o u n t a t w hich bills issued h e re u n d e r are sold is n o t considered to accrue u n til such bills are sold, re d ee m e d or oth erw ise disposed of, a n d such bills a re excluded from c o n sid era tio n as c a p ita l assets. A ccordingly, th e ow ner of T re a s u ry bills (o th e r th a n life in su ran ce co m p a n ies) issued h e re u n d e r n e ed include in his incom e tax re tu rn o nly th e difference b etw ee n th e p rice p a id for such bills, w h e th e r on original issue o r on su b se q u e n t purchase, a n d th e a m o u n t a c tu a lly received e ith e r u p o n sale or re d e m p tio n a t m a tu rity d u rin g th e ta x a b le y e a r for w hich th e re tu rn is m ade, as o rd in ary gain or loss. T re a su ry D e p a rtm e n t C ircu la r N o. 418 (c u rre n t re v isio n ) a n d th is notice, p re scrib e th e te rm s of th e T re a su ry b ills a n d govern th e c o nditions of th e ir issue. C opies of th e c irc u la r m ay b e o b tain e d fro m a n y F e d e ra l R e se rv e B a n k o r B ranch. Payment for this issue of Treasury bills must be made or completed at this bank or appropriate branch in cash or other immediately available funds on August 26, 1966, provided, however, any qualified depositary will be per mitted to make payment by credit in its Treasury Tax and Loan Account for Treasury bills allotted to it for itself and its customers (up to the amount for which it shall be qualified in excess of existing deposits). Please note the required agreement not to purchase or sell this issue at a specific rate or price prior to one-thirty p.m., Eastern Daylight Saving Time, Thursday, August 18, 1966. In accordance with the above announcement, tenders will be received at this bank and its branches at El Paso, Houston and San Antonio, up to eleven-thirty a.m.. Central Standard Time, Thursday, August 18, 1966. Tenders may not be entered by telephone. Yours very truly, Watrous H. Irons President This issue of Treasury bills will be accepted at face value in payment of income taxes due on April 15,1967 TENDER FOR TREASURY BILLS TAX ANTICIPATION SERIES 238 DAYS TO MATURITY Dated August 26, 1966 Maturing April 21, 1967 To: Federal Reserve Bank, Station K, Dallas, Texas 75222 or — The___________________________________ Branch £1 Paso 79999 Houston 77001 ______________________ San Antonio 78206 (Date) Pursuant to the provisions of Treasury Department Circular No. 418 (current revision) and to the provisions of the public announcement, as shown on reverse side, as issued by the Treasury Department, the undersigned offers to purchase Treasury bills in the amount shown below, and agrees to pay for the amount allotted, on or before the issue date, by the method and at the rate indicated. NONCOMPETITIVE TENDER $__________________________ NOT TO EXCEED $200,000 Noncompetitive tenders for $200,000 or less from any one bidder, without stated price, will be accepted in full at the average price (in three decimals) of accepted competitive bids. (; COMPETITIVE TENDERS < ! ( » ............... (a ) S $ fa) s Prices should be ex100, with not more than | @ ----- 8 .... - ----------- e. g., 99.925. Fractions must not be used. (^ T E N D E R S MAY NOT BE ENTERED BY TELEPHONE. TENDERS BY WIRE, IF RECEIVED BEFORE THE CLOSING HOUR, ARE ACCEPTABLE. Denominations Desired METHOD OF PAYMENT N u m b er of P ie c e s M a tu rity Value (a) $ @ $ 1,000 $ 5,000 $ @ $ 10,000 $ 50,000 $ (a) $ @ □ By charge to our Treasury Tax and Loan Account □ Payment to be made by...................................................... (Name of Bank) □ By charge to our reserve account on payment date. □ By draft enclosed (effectual delivery of enclosed draft shall be on latest day which will permit presentment in order to obtain irrevocably collected funds on payment date). $ 100,000 $ $ 500,000 $ $1 ,000,000 $ We certify that we, as well as our customers, if any, listed hereon have agreed not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposi tion of any bills of this additional issue at a specific rate or price, until after one-thirty p.in., Eastern Daylight Saving Time, Thursday, August 18, 1966. " ~ Delivery Instructions: ( S u b s c r i b e r ' s f u l l n a m e o r c o r p o r a t e t i tl e ) □ Hold in Custody Account — Member banks for own account only (A ddress) By---------------------------------------------------- □ Pledge to Secure Treasury Tax and Loan Account ( A u t h o r i z e d official s i g n a t u r e a n d t i tl e ) □ Ship t o ----------------------------------------- ( F o r t h e a c c o u n t of, i f t e n d e r w f o r a n o t h e r s u b s c r i b e r ) (A ddress) IMPORTANT 1. No tender for less than $1,000 will be considered and each tender must be for an amount in multiples of $1,000 (maturity value). 2. Tenders should be forwarded in an envelope clearly addressed to this bank or appropriate branch as Fiscal Agent of the United States, with notation on the envelope reading “TENDER FOR TREASURY BILLS”. Since envelopes received with this legend will not be opened until after the closing time specified in the public announcement, communications relating to other matters should not be enclosed. Envelopes for submitting tenders may be requested from this bank or appropriate branch. 3. Any qualified or conditional tender will be rejected. 4. If a corporation makes the tender the form should be signed by an officer of the corporation authorized to make the tender and the signing of the form 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 of the firm, who should sign in the form “...................................................... , a copartnership, by..................... .......................................................( a member of the firm”. 5. Tenders from those other than incorporated banks and trust companies or responsible and recognized dealers in invest ment securities will be disregarded, unless accompanied by a deposit of 2 percent of the total amount (maturity value) of the Treasury bills applied for, or unless the tenders are accompanied by an express guaranty of full payment by an incorporated bank or trust company. 6. If the language of this form is changed in any respect, which, in the opinion of the Secretary of the Treasury, is material, the tender may be disregarded. (See reverse for announcement)
@FedFRASER