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FEDERAL RESERVE BANK OF NEW YORK "> Fiscal Agent of the United States [Circular No. 1571"! LJuly 26. 1935J Public Notice of Offering of $50,000,000, or thereabouts, of Treasury Bills Dated July 31, 1935 Maturing April 29, 1936 To all Incorporated 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 Treasury bills payable at maturity without interest to be sold on a discount basis to the highest bidders. STATEMENT BY SECRETARY MORGENTHATJ The Secretary of the Treasury gives notice that tenders are invited for Treasury bills to the amount of $50,000,000, or thereabouts. They will be 273-day bills; and 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, July 29, 1935. Tenders will not be received at the Treasury Department, Washington. The Treasury bills will be dated July 31, 1935, and will mature on April 29, 1936, and on the maturity date the face amount will be payable without interest. They 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 July 29, 1935, all tenders received at the Federal Reserve Banks or branches thereof up to the closing hour will be opened and public announcement of the acceptable prices 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. 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 Reserve Banks in cash or other immediately available funds on July 31, 1935. 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. (Attention is invited to Treasury Decision 4550, ruling that Treasury bills are not exempt from the gift tax.) 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 Reserve Bank or branch thereof. In accordance with the above announcement tenders will be received at the Securities Department of this bank (7th 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 (three o'clock p.m., Daylight Saving time), on Monday, July 29, 1935. It is requested that tenders be submitted on special form and in special envelope enclosed herewith. Attention is invited to the fact that payment for the Treasury bills cannot be made by credit through the War Loan Deposit Account. Payment must be made in cash or other immediately available funds. GEORGE L. HARRISON, Governor. No. TENDER FOR 273-DAY TREASURY BILLS Dated July 31, 1935. Maturing April 29, 1936. Dated at .1935 To THE FEDERAL RESERVE BANK OF N E W YORK, 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 July 26, 1935, as issued by the Treasury, the undersigned offers to pay the Secretary of * 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 July 31, 1935, and are to mature on April 29, 1936. 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. 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 ivill 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 A liotment Recei v ed Classified Carded I [gored Checked TENTB-215-a Checked Ledger Advised Recorded Acknowledged Method of Payment Window Disposition 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 (g3) FEDERAL RESERVE BANK OF N E W YORK July 29, 1935. NEW COUNTERFEIT To Member Banks in the Second Federal Reserve District and others concerned: At the request of the Secret Service Division of the Treasury Department New York District, we are hereby notifying all member banks in the Second Federal Reserve District and others concerned of the appearance of a new counterfeit $5 silver certificate described by the Secret Service Division as follows: NET7 COUNTERFEIT $5 SILVER CERTIFICATE: Series of 1934; Check Letter »D*; Face Plate No. 77; Back Plate No, 226 or 228; bearing facsimile signatures of 77, A, JULIAN, Treasurer of the United States; HENRY MORGENTHAU, Secretary of the Treasury; portrait of LINCOLN, Specimen at hand bears Sarial No, A91612384B, but serial numbers vary on this counterfeit. This production is fairly well executed on one piece of paper, which contains nd silk fiber. Due to faulty etching of the plate, a hair-line scratch nearly a half-inch long extends obliquely to the left of the large numeral f 5 f printed in blue ink at the left of the face of the note, and another such scratch will be found horizontally at the right of the same numeral. In the same connection, close observation will disclose several small hair-line scratches between the serial number and the large numeral *5* in the upper right corner of the face of the note. On the back of the note, between the columns of the LINCOLN MEMORIAL are several noticeable white dots, which do not appear in the genuine, and in the counterfeit the outline of the figure of LINCOLN in the memorial cannot be seen. This note is calculated to deceive the average handler of currency* Should this or any other counterfeit come to your attention, you should forward it to the office of the U. S, Secret Service having jurisdiction in your territory, with whatever information you may have as to the source from which it was received. Offices of the Service in New York State are located in Syracuse, Buffalo and New York City, and in New Jersey at Newark. George L. Harrison, Governor,
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