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FEDERAL RESERVE BANK OF 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 1, 1941

To All Banking Institutions, and Others Concerned,
in the Eleventh Federal Reserve District:
Through public announcement by Secretary of the Treasury Morgenthau, banks and others concerned have been acquainted with plans for the
issue of two tax series of Treasury notes offered for sale on August 1.
There is enclosed a copy of Treasury Department Circular No. 667
which furnishes complete information with reference to the two issues of
tax series Treasury notes. There is also enclosed a supply of application
forms, as well as a booklet giving the salient features of the notes.
Upon acceptance of full-paid applications, the notes will be delivered in
accordance with the provisions of paragraph 3 of section III of Treasury
Department Circular No. 667. The notes will be issued as of the date final
payment in available funds is received by this bank, and not on the date of
receipt of checks or other forms of remittance that are not immediately
available.
Any depositary qualified pursuant to the provisions of Treasury Depart­
ment Circular No. 92 will be permitted to make payment by credit for notes
applied for on behalf of itself or its customers (subject to the terms and
conditions of Treasury Department Circular No. 667) up to any amount
for which it shall be qualified in excess of existing deposits.
Your cooperation in handling applications for these notes will be appre­
ciated.

Yours very truly,
R. R. GILBERT
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

UNITED STATES T RE A SU RY

’ TAX
SAVINGS
■PLAN
(For the year 1941 and thereafter)

★

*

AVE

*

*

★

FOR

★

*

★

TAXES

O m ak e it easier for taxpayers to meet
the increased taxes required by the Na­
tional Defense Program, the Treasury
Department is offering for sale two series o f
notes, both dated August 1, 1941, and maturing
August 1, 1943.
On January 1 o f each year hereafter, two new
series will be provided so that a taxpayer can
always purchase notes during the entire year in
which he is receiving his income for use in
payment o f taxes due the follow ing year. The
reason for the two-year note is to permit a tax­
payer, if he so desires, to begin saving in Janu­
ary o f one year and continue through that year
to save for his taxes due the follow ing year.
A ll notes are sold at par and accrued interest.
W hen presented in payment o f income taxes
they will be received at par and accrued interest
up to and including the month in which such
taxes are paid. Interest will not accrue beyond
the maturity o f the notes. I f not presented in
payment o f income taxes, they will be redeemed
for cash under certain specified conditions (see
page 6) at the purchase price paid for the notes.
In other words, the taxpayer, if he redeems the
notes fo r cash, gets back just the amount he paid.
■ For further information, read the Questions
and Answers that follow and consult the Pur­
chase Price and Tax-Payment Value Tables re­
produced on page 7.
N o t e : Complete information about Treasury notes,
Tax Series A —
1943 and Tax Series B—
1943, will be
found in the Treasury Department Circular N o. 667,
available at local banks, Federal Reserve Banks and
branches, or Treasury Department, Washington, D . C.

3

UNITED

STATES

TREASURY

Questions

a

AND

Answers
Q. Just what is the Treasury Department’s
T A X S A V IN G S P L A N ?
A. It is a plan starting August 1, 1941, to
help the taxpayer set aside money, during the
year in which earned, to pay income tax bills
due the next year.
Q. H ow does the plan operate?
A . By the taxpayer purchasing the special
notes offered by the Treasury Department to be
used in payment o f Federal income taxes.
Q. What are these notes ?
A . They are direct obligations o f the United
States issued in the form o f Treasury notes and
are dated in the month in which payment is
received.
Q. W h ere may these notes be purchased?
A. Through local banks, from Federal Re­
serve Banks, their branches, or direct from the
Treasury Department, Washington, D . C.
Q. H ow much d o they cost ?
A . The purchase price during each month is
shown in the tables on page 7.
Q. D o these Tax Savings notes earn interest?
A. Yes, provided they are used to pay in­
come taxes.
Q. H ow much interest do these notes earn?
A. Series A earn about 1.92% a year; Series
B notes about 0 .4 8 % a year.
4

T A X

S A V I N G S

P L A N

Q. H ow is the interest figured?

A. By specified monthly amounts so as to be
easily computed on each denomination. See
table on page 7 for exact Purchase Price and
Tax Payment Value o f notes during successive
months. Remember, none o f these notes earn
interest unless used in payment o f income taxes
Q. W hat are their denominations?

A. There are two series o f notes as follows:
SERIES A
$25, $50, and $100 each. (Amount
acceptable in payment o f income taxes
limited to $1,200 in any one tax year.)

SERIES B
$100, $500, $1,000, $10,000, and
$100,000 each. (Am ount acceptable
in payment o f income taxes limited
only by the amount o f taxes due.)
Q . In what form should payment be made
for these notes ?

A. Remittance should be by check, bank
draft, or money order, drawn to the order o f
the Treasurer o f the United States, as payee.
Q . Can a $100 denomination o f Series A be
exchanged for two $50’s or four $25’s o f that
Series ?
A. Yes. Denominational exchange from a
higher to a lower is permitted in either Series A
or Series B. Applications fo r such exchanges
should be made to the Federal Reserve Bank
which issued the notes.
Q. Can the notes be purchased on a monthly
basis ?

A. Yes. They were designed for that very
purpose, so that the taxpayer can save a spec,
bed amount each month and invest it in these
notes which can later be turned in to the C ollec­
tor o f Internal Revenue in payment o f income
taxes.
5

Q. W h o can buy the notes issued under the
Treasury’s new " T A X SA V IN G S P L A N "?
A . Only those who pay Federal income taxes
should buy these notes. The Series A notes,
however, are especially designed for the small
taxpayer. Series B notes are designed for larger
taxpayers, either individual or corporate.
Q. Can I use these notes to pay any kind o f
taxes ?
A . Y ou can use them only to pay Federal
income taxes (current and back personal and
corporation taxes, excess-profits taxes).
Q. What happens to a person’s Tax Savings
notes if he dies?
A . The notes can be presented by the estate
for the payment o f income taxes due from the
decedent, or they can be redeemed for the
amount paid for them. For further instruc­
tions consult the Federal Reserve Bank that
issued the notes.
Q. Are these Tax Savings notes transferable?
A . N o. N or can they be used as collateral.
Q . W ill the Tax Savings notes be registered?
A . N o, but they will have the owner’s name
and address inscribed thereon so that the Col­
lector o f Internal Revenue can compare the
owner’s name with that on his tax return.
Q. Are the Treasury’s Tax Savings notes
taxable ?
A . The income from these notes is not e x ­
empt from Federal taxation.
Q. Can I redeem my Treasury Tax Savings
notes for cash ?
A . Yes. Series A notes can, at the option
o f the owner, be redeemed at the price you
paid for them at any time without advance
notice. Series B notes can be redeemed at the
price you paid for them any time after 60 days
fro m the time o f issue, upon 30 days’ notice.
Q . W here can I redeem them?
A . At the Federal Reserve Bank that issued
them, in accordance with instructions on the
back o f each note.
<
5

PURCHASE PRICE A N D T A X -P A Y M E N T
VALUE D U R IN G SUCCESSIVE M O N T H S
The Tables below (covering 2-year period from August
1941 to August 1943) show the purchase price and the
value o f each note in any given month. This amount in
k c h case includes the principal plus accrued interest. DurB : the period when the notes are on sale— August through
December 1941— the figure in each case is the purchase price
o f the note during that month. Thereafter, the figure in
each case represents the Tax-Payment Value (amount for
which the note w ill be acceptable during that month in pay­
ment o f Federal income taxes).
,
SERIES A - 1943
$25
$50
P U R C H A S E P R IC E
_____ . . .
$25.00
$50.00
.
25.04
50 08
25.08
50.16
.
25.12
50.24
.
25.16
50.32
T A X -P A Y M E N T V A LU E
$25.20
$50.40
50.48
25.24
50.56
,
25.28
50.64
25.32
50.72
25.36
25.40
50.80
50.88
25.44
50.96
25.48
25.52
51.04
51.12
25.56
51.20
25.60
51.28
25.64

1941
A ug. _______
Sept. _______
O ct. ______
N o v . ______

D ____
ec.
1942

Feb. . . . .
M A R _______
JU N E . . . . . .
J u l y _______
S E P T ____
D E C . _____
1943

$100
$100.00
100.16
100.32
100.48
100.64
$100.80
100.96
101.12
101.28
101.44
101.60
101.76
101.92
102.08
102.24
102.40
102.56

51.36
51.44
51.52
51.60
51.68
51.76
51.84
51.92

102.72
102.88
103.04
103.20
103.36
103.52
103.68
103.84

$10,000
$1,000
$500
P U R C H A S E P R IC E
$10,000
$1,000.00
$100.00
$500.00
10,004
100.04
500.20
1,000.40
10,008
1,000.80
500.40
100.08
10,012
500.60
1,001.20
. . 100.12
10,016
1,001.60
100.16
500.80
D ec. _
.
T A X -P A Y M E N T V A L U E
1942
$10,020
$501.00
$1,002.00
. $100.20
Jan. _
10,024
1,002.40
100.24
501.20
F e b ................
10,028
501.40
1,002.80
100.28
M A R . _____
10,032
1,003.20
501.60
A pr. .............100.32
10,036
1,003.60
501.80
.
100.36
10,040
1,004.00
100.40
502.00
J U N E ----10,044
1,004.40
100.44
502.20
----------- .
10,048
1,004.80
.
100.48
502.40
10,052
1,005.20
S E P T . _____
502.60
100.52
10,056
1,005.60
100.56
502.80
O ct. _
10,060
1,006.00
100.60
503.00
N ov.
__
10,064
1,006.40
D E C ............
100.64
503.20
1943
10,068
503.40
1,006.80
Jan. _______ . . 100.68
1,007.20
10,072
F e b . _______ . . 100.72
503.60
10,076
1,007.60
M AR.
503.80
100.76
10,080
504.00
1,008.00
Apr. . . . . . . . .
100.80
10,084
1,008.40
M a y _______
100.84
504.20
10,088
1,008.80
504.40
JUNE______
100.88
10,092
1,009.20
504.60
100.92
________ . .
10,096
504.80
A u g ._______ _
100.96
1,009.60

$100,000

25.68
25.72
25.76
25.80
25.84
25.88
25.92
25.96

F eb ..............
M AR. _
J U N E _____
J u l y ________
Aug. ----------

SERIES B -194 3
$100

1941
A u g .____

July

July

7

$100,000
100,040
100,080
100,120
100,160
$100,200
100,240
100,280
100,320
100,360
100,400
100,440
100,480
100,520
100,560
100,600
100,640
100,680
100,720
100,760
100,800
100,840
100,880
100,920
100,960

Application For United States Treasury Tax^^)tes
W hen completed, mail to Federal Reserve Bank, or branch, o f your district, or make
application through your bank or trust company.

T A X SERIES A -1943—T A X SERIES B-1943
Number of N otes

Denomination
(Face value)

Purchase Price
(See previous page)

Amount
(Total cost)

________________ Tax Series A $25
________________ Tax Series A $50
________________ Tax Series A $100
__________ ___ _ Tax Series

B

$100

________________ Tax Series

B
B

$1,000

_ _ Tax Series
_

B

$10,000

the undersigned hereby applies for United
States Treasury Notes o f □ Tax Series A -1 9 4 3
□ Tax Series B -1943 as indicated on the form
to the left.
(A ll remittances should be drawn to the
order o f the Treasurer o f the United States, as
payee.)

$500

________________ Tax Series

T o the Federal Reserve Bank o f

..................... ....... Tax Series
T otal A

m ount of

B

$-----------------

$ 1 0 0 ,0 0 0 __________________

$.

(Purchaser’s name— type or print plainly)

(Signature of purchaser)

_________________

P u r c h a s e (remittance herewith) $___ ____________

(IM P O R T A N T .— Be sure and refer to table on page 7 beforefillin g in Purchase Price.)

(Address of purchaser)

Notes will be forwarded by registered mail to
address above unless other instructions are given.
18— 2 2 3 9 6

OPO

THE UNITED STATES OF AMERICA

TREASURY NOTES
Tax Series A-1943

Tax Series B-1943
Dated August 1,1941

Due August 1, 1943

Issued at Par and Accrued Interest
Acceptable at Par and Accrued Interest in Payment of Federal Income Taxes
1941
Departm ent C ircular No. 667
F l-c il Servir*
Bureau o f the Public Debt

TREASURY DEPARTMENT,
Office of the Secretary,
Washington, July 22,194-1.
I. OFFERING OF NOTES

1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act,
as amended, offers for sale, to the people of the United States, through the Federal Reserve Banks, at
par and accrued interest, two issues of nontransferable notes of the United States, designated Treas­
ury Notes of Tax Series A-1943, and Treasury Notes of Tax Series B-1943. As hereinafter pro­
vided, the notes of both series will be acceptable at par and accrued interest in payment of Federal
income taxes: Provided, however, that not exceeding $1,200 principal amount of notes of Tax Series
A-1943, and the accrued interest thereon, will be accepted from any one owner in any period of
twelve consecutive months in payment o f taxes due from such owner. If not presented in payment
of taxes, the notes will be redeemable at the purchase price as hereinafter provided.
2. Descriptions of the notes of both series, and their terms are hereinafter fully set forth.
The notes will be placed on sale beginning August 1, 1941, and the sale will continue until December
31, 1941, unless earlier terminated, as to either or both series, by the Secretary of the Treasury.
II. DESCRIPTION OF NOTES

1. General.— The notes of both series will be dated August 1, 1941, and will mature August
1, 1943. The owner’s name and address, and the date of issue will be entered on each note at the
time of its issue by a Federal Reserve Bank. The month in which payment is received by a Federal
Reserve Bank or Branch, or by the Treasurer of the United States, will determine the purchase
price and issue date of each note. The notes may not be transferred. No hypothecation of the
notes on any account will be recognized by the Treasury Department, and they will not be accepted
to secure deposits of public money. Except as herein provided, the notes will be subject to the
general regulations of the Treasury Department, now or hereafter prescribed, governing bonds
and notes of the United States.
2. Denominations and interest.— The notes of Tax Series A-1943 will be issued in denomina­
tions of $25, $50, and $100, and interest thereon will accrue during each month after August 1941, in
the amount of 16 cents on each $100 principal amount, that is, 4 cents on each $25, 8 cents on each
$50, and 16 cents on each $100 denomination of note. The notes of Tax Series B-1943 will be
issued in denominations of $100, $500, $1,000, $10,000 and $100,000, and interest thereon will accrue
each month after August 1941, in the amount of 4 cents on each $100 principal amount, that is 4
cents on each $100, 20 cents on each $500, 40 cents on each $1,000, $4 on each $10,000, and $40
on each $100,000 denomination of note. In no case, however, shall interest accrue beyond the
month in which the note is presented in payment of taxes, or beyond its maturity. Exchanges of
authorized denominations of each series from higher to lower, but not from lower to higher, may
be arranged at the Federal Reserve Bank of issue.
3. Purchase price, and tax-payment value.— The notes of both series will be sold at par during
August 1941, and will be sold at par and accrued interest during each subsequent month while they
remain on sale, the purchase price for a note of any denomination of either series advancing each
month after August 1941, in the amount of one month’s interest on that note. Tables, showing for
16— 22497

2
each month from August 1941, to August 1943, for each denomination of each series, the principal
amount of the notes with accrued interest added, are appended to this circular. The total shown
for any denomination for any month— August through December 1941— while the notes remain on
sale, is the purchase price, or cost, of the note during that month. Also, the total shown for any
denomination for any month thereafter is the tax-payment value, or the amount at which the note
will be acceptable during that month in payment of Federal income taxes as herein provided.
4. Acceptability in payment of taxes.— The notes of both series (but not more than $1,200 prin­
cipal amount of notes of Tax Series A-1943 from any one owner in any period of twelve consecutive
months) will be acceptable, at par and accrued interest, in payment of Federal income taxes (cur­
rent and back personal and corporation taxes, and excess-profits taxes). The conditions of presenta­
tion, surrender and acceptance of the notes in payment of such taxes are set forth in Section IV of
this circular.
5. Payment or redemption for cash.— The notes of either series may not be called by the Secre­
tary of the Treasury for redemption prior to maturity. If such notes are not presented in payment
of taxes: (1) they will be payable at maturity, or (2) they will be redeemable prior to maturity,
at the owner’s option and request, as hereinafter provided in Section V, and in either case payment
will be made only at the price paid for the notes.
6. Taxation.— Income derived from the notes shall be subject to all Federal taxes, now or here­
after imposed. The notes shall be subject to estate, inheritance, gift or other excise taxes, whether
Federal or State, but shall be 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.
III. PURCHASE OF NOTES

1. Applications and payment.— Applications will be received by the Federal Reserve Banks and
Branches, and by the Treasurer of the United States, Washington, D. C. Banking institutions gen­
erally may submit applications for account of customers, but only the Federal Reserve Banks and
the Treasurer of the United States are authorized to act as official agencies. Every application must
be accompanied by payment in full, at par and accrued interest to the month in which payment is
received by a Federal Reserve Bank or Branch, or the Treasurer of the United States. Any form
of exchange, including personal checks, will be accepted subject to collection, and should be drawn
to the order of the Federal Reserve Bank or of the Treasurer of the United States, as the case may
be. Any depositary, qualified pursuant to the provisions of Treasury Department Circular No. 92
(revised February 23,1932, as supplemented) will be permitted to make payment by credit for notes
applied for on behalf of itself or its customers up to any amount for which it shall be qualified in
excess of existing deposits.
2. Reservations.— The Secretary of the Treasury reserves the right to reject any application in
whole or in part, and to refuse to issue or permit to be issued hereunder any notes in any case or in
any class or classes of cases if he deems such action to be in the public interest, and his action in any
such respect shall be final. If an application is rejected, in whole or in part, any payment received
therefor will be refunded. The Secretary of the Treasury, in his discretion, may designate agen­
cies other than those herein provided for the sale of, or for the handling of applications for, Treasury
notes to be issued hereunder.
3. Delivery of notes.— Upon acceptance of full-paid applications, notes will be duly issued and,
unless delivered in person, will be delivered by registered mail within the Continental United States,
the Territories and Insular Possessions of the United States, the Canal Zone and the Philippine
Islands. No deliveries elsewhere will be made.
4. Form of application.— In applying for notes under this circular, care should be exercised to
specify whether those of Tax Series A-1943, or Tax Series B-1943 are desired, and there must be
furnished the name and address of the individual, corporation or other entity in which the notes are
to be issued; and if address for the delivery of the notes is different, appropriate instructions should
16— 22487

be given. The name should be in the same form as that used in the Federal income tax return of
the purchaser. The use of an official application form is desirable, but not necessary. Appropriate
forms may be obtained on application to any Federal Reserve Bank or Branch, and banking insti­
tutions generally will supply such forms.
IV. PRESENTATION IN PAYM ENT OF TAXES

1. After three months from month of purchase (as shown by the date of issue on each note),
but not before January 1, 1942, during such time, and under such rules and regulations as the Com­
missioner of Internal Revenue, with the approval of the Secretary of the Treasury, shall prescribe,
notes issued hereunder in the name of a taxpayer (individual, corporation, or other entity) may be
presented and surrendered by such taxpayer, his agent, or his estate, to the Collector of Internal
Revenue, to whom the tax return is made, and will be receivable by the Collector at par and accrued
interest from August 1941, to the month, inclusive (but no accrual beyond August 1943), in which
presented in payment of any Federal income taxes (current and back personal and corporation taxes,
and excess-profit taxes) assessed against the original purchaser or his estate, but not more than
$1,200 principal amount of notes of Tax Series A-1943, and the accrued interest thereon, may be
accepted by the Collector in any period of twelve consecutive months in payment of Federal income
taxes due from such owner. The notes must be forwarded to the Collector at the risk and expense of
the owner, and, for his protection, should be forwarded by registered mail, if not presented in person.
V. CASH REDEMPTION AT OR PRIOR TO M ATURITY

1. General.— Any Treasury note of Tax Series A-1943 or Tax Series B-1943 will be redeemed
for cash at the purchase price at or before maturity. Notes of Tax Series A-1943 may be redeemed
before maturity without advance notice, but notes of Tax Series B-1943 may be redeemed before
maturity only after 60 days from date of issue and on 30 days’ advance notice. The timely surren­
der of a note of Tax Series B-1943, bearing a properly executed request for payment, will be ac­
cepted as constituting the advance notice required hereunder.
2. Execution of request for payment.— The owner in whose name the note is inscribed must ap­
pear before one of the officers authorized by the Secretary of the Treasury to witness and certify re­
quests for payment, establish his identity, and in the presence of such officer sign the request for
payment appearing on the back of the note, adding the address to which check is to be mailed.
After the request for payment has been so signed, the witnessing officer should complete and sign
the certificate provided for his use.
3. Officers authorized to witness and certify requests for payment.— Any officers authorized to
witness and certify requests for payment of United States Savings Bonds, as set forth in Treasury
Department Circular No. 530, Fourth Revision, as amended, are hereby authorized to witness and
certify requests for cash redemption of Treasury notes issued under this circular. Such officers
include United States postmasters, certain other post office officials, and the executive officers of all
banks and trust companies incorporated in the United States or its organized territories, including
officers at branches thereof who are certified to the Treasury Department as executive officers.
4. Pi'esentation and surrender.— Notes bearing properly executed requests for payment must
be presented and surrendered to the Federal Reserve Bank of issue, at the expense and risk of the
owner. For the owner’s protection, notes should be forwarded by registered mail, if not presented
in person.
5. Disability or death.— In case of the disability or death of the owner, and the notes are not to
be presented in payment of Federal income taxes due from his estate, instructions should be obtained
from the Federal Reserve Bank of issue before the request for payment is executed, or the notes
presented.
6. Partial redemption.— Partial cash redemption of notes of either series, corresponding to an
authorized denomination, may be made in the same manner, appropriate changes being made in the
request for payment. In case of partial redemption of a note, the remainder will be reissued with
the same date of issue as the note surrendered.
10— 22407

7.
Payment.— Payment of any note, either at maturity or on redemption before maturity, will
be made only by the Federal Reserve Bank that issued the note, and will be made by check drawn
to the order of the owner, and mailed to the address given in his request for payment. In any case,
payment will be made at the purchase price of the note, that is, at par and accrued interest (if any)
paid at the time of purchase.
VI. GENERAL PROVISIONS

1. Federal Reserve Banks, as fiscal agents o f the United States, are authorized to perform
such services or acts as may be appropriate and necessary under the provisions of this circular, and
under any instructions given by the Secretary of the Treasury.
2. The Secretary of the Treasury may at any time or from time to time supplement or amend
the terms of this circular, or of any amendments or supplements thereto, and may at any time or
from time to time prescribe amendatory rules and regulations governing the offering of the notes,
information as to which will promptly be furnished to the Federal Reserve Banks.

HENRY MORGENTHAU, Jr.,
Secretary of the Treasury.
(Filed with the Division of the Federal Register, July 31, 1941)

5
TR E A SU R Y N O T E S — TA X SE R IES A - 1943
Purchase Price and Tax-Payment Value During Successive Months

Table, showing for each month from August 1941, to August 1943, for notes of each denomination, the principal
amount with accrued interest added. The total shown for any denomination, for any month— August through December
1941— while the notes remain on sale, is the Purchase Price, or Cost, of the note during that month. Also, the total shown
for any denomination for any month thereafter is the Tax-Payment Value, or the amount at which the note will be accept­
able during that month in payment of Federal income taxes.
$25

$50

$100

PURCHASE PRICE
August, 1941.................................................
September, 1941...................................
October, 1941_...................... ...................................................
November, 1941__............................................
December, 1941__...........................................................

$25.
25.
25.
25.
25.

00
04
08
12
16

$50.
50.
50.
50.
50.

00
08
16
24
32

$100.
100.
100.
100.
100.

00
16
32
48
64

TAX-PAYMENT VALUE
_
January, 1942........................................ ...................... r___.........................................
February, 1942.................. ...... ......... .......... ................
MARCH; 1942.............. ........... _____............
April, 1942..............................___............
May,' 1942.........................................................................................
JUNE, 1942.............................. ....................................
July, 1942........ ..............................................___..............
August, 1942.... .........................................................................................................
SEPTEM BER, 1942...... .......... ......... .......... ...............................
October, 1942...............................................
November, 1942.......................................
D E CEM BER, 1942..................... ...................................................
January, 1943__................... .............................. ..................... .............
...................
February, 1943....................................................... ............ ....................
MARCH; 1943............................................. .......................................
April, 1943............................................. .......................... ........................................
May,' 1943.......................... ...................... .......... ............................
JUNE, 1943........................................... .........................
July, 1943............................... ...................... ...........................................................................
August, 1943.................. .......................................................... .............................................

$25.
25.
25.
25.
25.
25.
25.
25.
25.
25.
25
25.
25.
25.
25.
25.
25.
25.
25.
25.

$50.
50.
50.
50.
50.
50.
50.
50.
51.
51.
51.
51.
51.
51.
51.
51.
51.
51.
51.
51.

20
24
28
32
36
40
44
48
52
56
60
64
68
72
76
80
84
88
92
96

40
48
56
64
72
80
88
96
04
12
20
28
36
44
52
60
68
76
84
92

$100. 80
100. 96
101. 12
101. 28
101. 44
101. 60
101. 76
101. 92
102. 08
102. 24
102. 40
102. 56
102. 72
102. 88
103. 04
103. 20
103. 36
103. 52
103. 68
103. 84

TR EA SU R Y N O T E S — TAX SE R IES B -194 3
Purchase Price and Tax-Paym ent Value During Successive Months

Table, showing for each month from August 1941, to August 1943, for notes of each denomination, the principal amount
with accrued interest added. The total shown for any denomination, for any month— August through December 1941—
while the notes remain on sale, is the Purchase Price, or Cost, of the note during that, month. Also, the total shown for
any denomination for any month thereafter is the Tax-Payment Value, or the amount at which the note will be acceptable
during that month in payment of Federal income taxes.
$100

$500

$1,000

$10,000

$ 100,000

PU RCH ASE PRICE

August, 1941_................... — ............................................ ........
September, 1941................................................................ ........
October, 1941.................... ...... ............. ...............................
November, 1941................. .......... ............................................
December, 1941.................. ........... .......... ...... .........................

$100.
100.
100.
100.
100.

00
04
08
12
16

$500.
500.
500
500
500.

00
20
40
60
80

$1, 000.
1, 000.
1, 000.
1 001
1, 001.

00
40
80
20
60

$10,
10,
10,
10.
10,

000
004
008
012
016

$100,
100,
100,
100,
100,

000
040
080
120
160

TAX-PAYMENT VALUE
January, 1942.................... ........................................................
February, 1942....................... ................. ...... ..........................
M ARCH , 1942............ ....................... ............. ........................
April, 1942.................................................... .............................
May, 1942.............................................. ....................................
JUNE, 1942..................................................................... .......
July, 1942............ ............... — .............. ........... ........................
August, 1942......—................................. ....................................
SEPTEM BER, 1942....................................................... .........
October, 1942__.................................................................... ......
November, 1942....................................... .................................
D E CEM BER, 1942............. ..................... _____........................
January, 1943.... .................. ............................. ........................
Februarv, 1943................... — .................
..........................
MARCH, 1943...-................................................... ....... .........
April, 1943......... .................— ...................... ............................
May, 1943. .................. ........................................................ .....
JUNE, 1943......................................... ............. ........................
July, 1943.... ................................................. — ............. -.........
August, 1943....................................................... .......................

$100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.
100.

20
24
28
32
36
40
44
48
52
56
60
64
68
72
76
80
84
88
92
96

U . S. G OVERNM ENT P R IN TIN G O F F IC E

$501.
501.
501.
501.
501.
502.
502.
502.
502.
502.
503.
503.
503.
503.
503.
504.
504.
504.
504.
504.
1 0 -----2 2 4 9 7

00
20
40
60
80
00
20
40
60
80
00
20
40
60
80
00
20
40
60
80

$1, 002.
1, 002.
1, 002.
1, 003.
1, 003.
1, 004.
1, 004.
1, 004.
1, 005.
1, 005.
1, 006.
1, 006.
1, 006.
1, 007.
1, 007.
1, 008.
1, 008.
1, 008.
1, 009.
1, 009.

00
40
80
20
60
00
40
80
20
60
00
40
80
20
60
00
40
80
20
60

$10, 020
10, 024
10, 028
10, 032
10, 036
10, 040
10, 044
10, 048
10, 052
10, 056
10, 060
10, 064
10, 068
10, 072
10, 076
10, 080
10, 084
10, 088
10, 092
10, 096

$100, 200
100, 240
100, 280
100, 320
100, 360
100, 400
100, 440
100, 480
100, 520
100, 560
100, 600
100, 640
100, 680
100, 720
100, 760
100, 800
100, 840
100, 880
100, 920
100, 960