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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States 'Circular No. 13691 . March 30, 1934 J Public notice of offering of two series of Treasury bills to the aggregate amount of $100,000,000, or thereabouts. Dated April 4, 1934. One series of $50,000,000, or thereabouts, of 90-day bills maturing on July 3, 1934, and the other series of $50,000,000, or thereabouts, of 182-day bills maturing on October 3, 1934. Bidders will be required to specify the particular series for which each tender is made. Any tender which does not specifically refer to a particular series will be subject to rejection. To all Banks and Trust Companies in the Second Federal Reserve District and Others Concerned: Following is the text of a notice today made public by the Treasury Department with respect to a new offering of two series of Treasury bills payable at maturity without interest to be sold on a discount basis to the highest bidders. STATEMENT BY ACTING SECBETAEY OF THE TEEASUBY GIBBONS The Secretary of the Treasury gives notice that tenders are invited for two- series of Treasury bills to the aggregate amount of $100,000,000, or thereabouts. One series will be 90-day bills and the other series will be 182-day bills. Both series will be sold on a discount basis to the highest bidders. Tenders will be received at the Federal Reserve Banks, or the branches thereof, up to two o'clock p. m., Eastern Standard time, on Monday, April 2, 1934. Tenders will not be received at the Treasury Department, Washington. The Treasury bills will, as stated, be issued in two series, $50,000,000, or thereabouts, maturing on July 3, 1934, and $50,000,000, or thereabouts, maturing on October 3, 1934; both series to be dated April 4, 1934. Bidders will be required to specify the particular series for which each tender is made. The face amount of the bills of each series will be payable without interest on their respective maturity dates. The bills will be issued in bearer form only, and in amounts or denominations of $1,000, $10,000, $100,000, $500,000, and $1,000,000 (maturity value). It is urged that tenders be made on the printed forms and forwarded in the special envelopes which will be supplied by the Federal Reserve Banks or branches upon application therefor. No tender for an amount less than $1,000 will be considered. Each tender must be in multiples of $1,000. The price offered must be expressed on the basis of 100, with not more than three decimal places, e. g., 99.125. Fractions must not be used. Tenders will be accepted without cash deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others must be accompanied by a deposit of 10 per cent of the face amount of Treasury bills applied for, unless the tenders are accompanied by an express guaranty of payment by an incorporated bank or trust company. Immediately after the closing hour for receipt of tenders on April 2, 1934, all tenders received at the Federal Eeserve Banks or branches thereof up to the closing hour will be opened and public announcement of the acceptable prices for each series will follow as soon as possible thereafter, probably on the following morning. The Secretary of the Treasury expressly reserves the right to reject any or all tenders or parts of tenders, and to allot less than the amount applied for, and his action in any such respect shall be final. Any tender which does not specifically refer to a particular series will be subject to rejection. Those submitting tenders will be advised of the acceptance or rejection thereof. Payment at the price offered for Treasury bills allotted must be made at the Federal Eeserve Banks in cash or other immediately available funds on April 4, 1934, provided, however, any qualified depositary will be permitted to make payment by credit for Treasury bills maturing October 3, 1934, allotted to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits when so notified by the Federal Eeserve Bank of its district. The Treasury bills will be exempt, as to principal and interest, and any gain from the sale or other disposition thereof will also be exempt, from all taxation, except estate and inheritance taxes. No loss from the sale or other disposition of the Treasury bills shall be allowed as a deduction, or otherwise recognized, for the purposes of any tax now or hereafter imposed by the United States or any of its possessions. Treasury Department Circular No. 418, as amended, and this notice prescribe the terms of the Treasury bills and govern the conditions of their issue. Copies of the circular may be obtained from any Federal Eeserve Bank or branch thereof. In accordance with the above announcement tenders will be received at the Securities Department of this bank (2nd floor, 33 Liberty Street, New York City) or at the Buffalo Branch of this bank (272 Main Street, Buffalo, New York) until two o'clock p.m., Eastern Standard time, on Monday, April 2, 1934. It is requested that tenders be submitted on special form for each series and forwarded in special envelope enclosed herewith. Bids for both series may be enclosed in a single envelope. Attention is invited to the fact that payment for Treasury bills maturing July 3, 1934, cannot be made by credit through the War Loan Deposit Account. Payment on that series must be made in cash or other immediately available funds. It will be noted, however, that any qualified depositary will be permitted to make payment by credit for Treasury bills maturing October 3, 1934, allotted to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits. GEORGE L. HARBISON, Governor. No TENDER FOR 90-DAY TREASURY BILLS Dated April 4, 1934. Maturing July 3, 1934. Dated a t To THE FEDERAL RESERVE BANK OP NEW YORK, 1934 Fiscal Agent of the United States, New York City, N. Y. Pursuant to the provisions of Treasury Department Circular No. 418, as amended, and to the provisions of the public announcement on March 30, 1934, as issued by the Acting Secretary of the Treasury, the undersigned offers to pay * for a total amount (Rate per 100) of $ (maturity value) of the Treasury bills therein described, or for any less amount that may be allotted, payment therefor to be made at your bank in cash or other immediately available funds on the date stated in the public announcement. The Treasury bills for which tender is hereby made are to be dated April 4, 1934, and are to mature on July 3, 1934. This tender will be inserted in special envelope entitled "Tender for Treasury bills". IMPORTANT INSTRUCTIONS: 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). Also, if more than one price is offered, a separate form must be executed at each price. 2. If the person making the tender is a corporation, the form should be signed by an officer of the corporation authoiized 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." 3. Tenders will be accepted without cash deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others must be accompanied by a deposit of 10 per cent of the face amount of Treasury bills applied for, unless the tenders are accompanied by an express guaranty of payment by an incorporated bank or trust company. 4. 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. Payment by credit through War Loan Deposit Account will not be permitted. Before signing fill in all required spaces. Bank or Trust Company Post Office Address. State Official signature required. SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK Examined Allotment Received Carded Classified Figured Checked TENTB-128-& Checked Ledger Advised Recorded Acknowledged Disposition Method of Payment Window Amount Custody- * Price should be expressed on the basis of 100, with not more than three decimal places, e. g., 99.125. Fractions must not be used. Date Released Mail By Other Departments No TENDER FOR 182-DAY TREASURY BILLS Dated April 4, 1934. Maturing October 3, 1934. Dated at To THE FEDERAL RESERVE BANK OF NEW YORK, 1934 Fiscal Agent of the United States, New York City, N. Y. Pursuant to the provisions of Treasury Department Circular No. 418, as amended, and to the provisions of the public announcement on March 30, 1934, as issued by the Acting Secretary of the Treasury, the undersigned offers to pay * for a total amount (Rate per 100) of $ (maturity value) of the Treasury bills therein described, or for any less amount that may be allotted, payment therefor to be made at your bank on the date stated in the public announcement, as indicated below: By cash or other immediately available funds • By credit Q The Treasury bills for which tender is hereby made are to be dated April 4, 1934, and are to mature on October 3, 1934. This tender will be inserted in special envelope entitled "Tender for Treasury bills". IMPORTANT INSTRUCTIONS: 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). Also, if more than one price is offered, a separate form must be executed at each price. 2. If the person making the tender is a corporation, 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." 3. Tenders will be accepted without cash deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others must be accompanied by a deposit of 10 per cent of the face amount of Treasury bills applied for, unless the tenders are accompanied by an express guaranty of payment by an incorporated bank or trust company. 4. Any qualified depositary wiill be permitted to make payment by credit for Treasury bills maturing October 3, 1934, allotted to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits. 5. 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. SW* Before signing fill in all required spaces. Bank or Trust Company Post Office Address.State Official signature required. SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK Examined Allotment Received Carded Classified Figured Checked Checked Ledger Advised Recorded Acknowledged Disposition Method of Payment Window Amount Custody TENTB-129-6 * Price should be expressed on the basis of 100, with not more than three decimal places, e. g., 99.125. Fractions must not be used. Date Released Mail By Other Departments FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States April , 1934. To Banks and Trust Companies in the Second Federal Reserve District: The Secretary of the Treasury has requested us to furnish a statement showing with respect to each public offering of Government securities from July 1, 1933 to March 15, 1934, inclusive, the amounts allotted to different classes of subscribers. These data are needed to enable the Secretary of the Treasury to comply with the provisions of Senate Resolution 209. As our records do not show the required detailed information concerning customers' exchange subscriptions, or customers' tenders for Treasury bills, handled through banking institutions, will you please fill in the information called for in the enclosed schedule, setting forth not only the amount of your own exchange subscription, or tender for Treasury bills, but also the amount of each customer's exchange subscription, or tender for Treasury bills, entered by your institution together with the name and address of each such customer. The enclosed envelope should be used in returning the schedule to us. Your prompt attention to this matter will be appreciated. GEORGE L. HARRISON, Governor. From To m i . l'i.;'ii;\i K i i . k u ; B A N K OF \ I : W YORK, . $ We filed with you subscriptiona to .mil tendered in exchange thereof a like face amount of in th< imount of There ti sei forth below the amonni of our own subscription together with ;< lial showing the name and address of eaeh other Bnbeeriber and the muount of each subscription, which, aecording to our records, agree with tin1 total amount subscribed, ;is st,it''il above. Official Title of Subscriber Amount Address Total Forward Name of Subscriber Amount Address Total Brought Forward Total If this space is not sufficient to enter the names and addresses of subscribers, use a sheet in similar form and attach hereto. From. Date To THE FEDERAL RESERVE BANK OF NEW YORK, FISCAL AGENT OF THE UNITED STATES: $ We filed with you subscriptions to 41/4% — 3*4% Treasury Bonds of 1943-45 in the aggregate amount of and tendered in exchange thereof a like face amount of Fourth Liberty Loan 4%% bonds. There is set forth below the amount of our own subscription together with a list showing the name and address of each other subscriber and the amount of each subscription, which, according to our records, agree with the total amount subscribed, as stated above. Official Title Name of Subscriber Amount Address Total Forward OVER If thisforspace is not sufficient Digitized FRASER Total Brought Forward to enter the names and addresses of subscribers, use a sheet in similar form and attach hereto. From. Date To THE FEDERAL RESERVE BANK OF NEW YORK, FISCAL AGENT OF THE UNITED STATES: , due We filed with you tenders for Treasury bills dated which were accepted in the aggregate amount of $ There is set forth below the amount of our own tender together with a list showing the name and address of each other bidder and the amount of each tender, which, according to our records, agree with the total amount of tenders, as stated above. Official Title Name of Bidder Amount Address Total FEDERAL RESERVE BANK OF NEW YORK Securities Department 33 Liberty Street NEW YORK, N. Y.
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