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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States f Circular No. 2041 L March 29, 1940 Public Notice of Offering of $100,000,000, or thereabouts, of Treasury Bills Dated April 3, 1940 Maturing July 3, 1940 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. The Secretary of the Treasury gives notice that tenders are invited for Treasury bills to the amount of $100,000,000, or thereabouts. They will be 91-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, April 1, 1940. Tenders will not be received at the Treasury Department, Washington. The Treasury bills will be dated April 3, 1940, and will mature on July 3, 1940, 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 April 1, 1940, 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 April 3, 1940. 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 (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 1, 1940. 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, President. 2Z No TENDER FOR 91-DAY TREASURY BILLS Dated April 3? 1940. Maturing July 3, 1940. Dated at To THE FEDERAL RESERVE BANK OF NEW YORK, 1940 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 29, 1940, as issued by the 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 3, 1940, and are to mature on July 3, 1940. 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 will not be permitted. Fill in all required spaces before signing. Name of Subscriber. By (Please print) (Official signature required) (Title) Street Address City, Town or Village, and State SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK Classified Carded Examined Allotment Received Figured Checked rENTB-509- Checked Ledger Advised 1Recorded 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 TREASURY DEPARTMENT WASHINGTON, D. C. OFFICE OF THE CHIEF u. s. SECRET SERVICE March 12, DANGEROUS COUNTERFEIT $20 FEDERAL RESERVE NOTE On the Federal Reserve Bank of Cleveland, Ohio, series of 1928 B; check letter "K"; face plate serial number 531 back plate serial number 5; W.O.Woods, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury; portrait of Jackson. This counterfeit appeared first in 1935- After successful judicial action against the makers of this note, it appeared to "be suppressed, "but recently it has re-appeared in numbers great enough to justify this notice to banks and others. DEFECTS 1. Discrepancies by which counterfeits may be detected. Any $20 Federal Reserve Bank note on the Federal Reserve Bank of Cleveland, Ohio, series 1928 B, check letter "K", with a face plate serial number 53• is definitely a counterfeit. The highest face plate serial number on the genuine of this issue, of this date, is UU. The series of 1928 B should not be confused with the series of 1928 minus the letter "B". 2. Portrait. Well executed. 3. Lettering. Five diagonal shading lines instead of six appear on left side of the letter "U" in the word "United," left top face of note. h. Lathe Work. Well executed and very deceptive. 5. Vignette - back of note. The clouds over the White House are very indistinct. 6. Seals. Treasury seal is imperfect, the points on the outside rim are rounded instead of being pointed and are different lengths. The oval around the portrait on the face shows through on the back of the note. Attention to all $20 Federal Reserve notes, on the Federal Reserve Bank of Cleveland, Ohio, bearing the signatures of W. 0. Woods, Treasurer, and A. W. Mellon, Secretary, may result in the detection of counterfeits described in this circular. FRAUE J. WILSOK, Chief, Secret Service Cdf REFER TO FILE No. TREASURY DEPARTMENT WASHINGTON, D. C. OFFICE OF THE CHIEF Harch 6, U. S . SECRET SERVICE DECEPTIVE COUNTERFEIT $10 FEDERAL RESERVE NOTE On the Federal Reserve Bank of New Tork; series of 193^, check letter "K", face plate serial number l^U; back plate serial number $ko. Serial number on note at hand BO7371696B; portrait of Hamilton. TOP OF PREFIX LETTER LEANS TO THE RIGHT. DEFECTS *•• Portrait and Background. Cross ruled lines around the portrait are badly broken giving the appearance of a dark shaded area. The shoulders of Hamilton blend into the cross ruled lines. Hair on right side of head (left side of note) is too low ending even with the base of the nose. Facial shading on the portrait is generally too severe. The hair lines on the right side of the forehead are represented "by a gray streak extending to a point opposite the nose cip. 2. Seals. The Treasury seal is well executed. Six dots appear under the left scale pan Instead of five. The bottom dot under right scale pan is a half circle with the top half missing. The handle of the key is flat on the right side; shaft of key is straight instead of curved. 3- Serial Numbers. Out of line. The serial numbers contain two styles of figure 7» Ihe prefix letter "B" of serial number right upper face, top leans to the right. FRANK J. WILSON Chief, Secret Service i i 1 1 1 1 1 1 1 i i 1 1 1 i i i i r t 1 1 1 i t it 1 1 * 11 it i i i * THE UNITED STATES SECRET SERVICE $ TREASURY DEPARTMENT $ in cooperation with i i i YOUR POLICE DEPARTMENT i i cautions you to i i t i i $ * o K N O W Y O U RS M O N E Y I I * i n i $ 1 1 1 1 1 1 1 1 1 ii 1 1 1 1 1 1 i TO THE PUBLIC: The united states secret service has been authorized by the Secretary of the Treasury, the Honorable Henry Morgenthau, j r . , t o show throughout the country educational f i l m s as an aid t o crime prevention. These p i c t u r e s , prepared i n close c o l l a b o r a t i o n w i t h the secretary and other Treasury Department o f f i c i a l s , are intended t o instruct c i t i z e n s against the twin dangers of c o u n t e r f e i t money and Government check forgery. )bservance of the few simple rules contained in t h i s l e a f l e t w i l l safeguard the pocket)ooks of the nation. Therefore, we urge every person who receives Jthe pamphlet t o p r e serve i t and c a r e f u l l y study i t s contents. The united states secret Service is g r a t e f u l f o r the whole-hearted cooperation which i t las always enjoyed from your p o l i c e and peace o f f i c e r s , and we now s o l i c i t the assistance )f every American c i t i z e n in t h i s humanitarian aim t o prevent crime, f o r without YOUR l e l p , as well as that of your local law-enforcement o f f i c e r s and other Federal agencies, )ur task would be w e l l - n i g h impossible. FRANK J . WILSON, Chief, U.S. Secret Service * * $ $ * * * * * $ * * * KNOW YOUR MONEY $ $ * ? * $ $ * * $ * $ $ THE U. S. SECRET SERVICE HOW TO DETECT COUNTERFEIT BILLS A d i v i s i o n of t h e Treasury Department, t h i s service i s one of the oldest and best known law-enforcement agencies of the Federal Government. | t was established d u r ing the c i v i l war, and celebrated i t s 75th Anniversary July 2, 1939. I t s chief d u t i e s as provided by law are: ( l ) protection of the president of the united s t a t e s , h i s family, and t h e person of the presidentelect; (2) the suppression of c o u n t e r f e i t ing and a l t e r a t i o n of o b l i g a t i o n s of t h e United states and foreign governments; (3) the suppression of the c o u n t e r f e i t i n g , forgery, a l t e r a t i o n and fraudulent negotiat i o n of u. S. Treasury checks; and enforcement of numerous other laws as provided by Congress. TYPES OF CURRENCY The only three types of currency printed by the united states Government f o r c i r c u l a t i o n are; 1. FEDERAL RESERVE NOTES, which bear GREEN s e r i a l numbers and seal. 2. UNITED STATES NOTES, which bear RED numbers and s e a l . 3. SILVER CERTIFICATES, which bear BLUE numbers and s e a l . PORTRAITS Denominations of bills may portraits as follows: WASHINGTON on all JEFFERSON on all LINCOLN on all HAMILTON on all JACKSON on all GRANT on all FRANKLIN on all $I 1. KNOW YOUR MONEY! 2. COMPARE the suspected bill with a ger uine of the same type and denomination. Ot serve carefully the following features; (a) PORTRAIT: Genuine is lifelike stands out from oval background which is fine screen of regular lines; notice partic ularly the eyes. The counterfeit is d u T smudgy or unnaturally white; scratchy; b a d ground is dark with irregular and broke 1ines. (b) SEAL: On genuine, sawtooth poin around rim are identical and sharp. t counterfeit sawtooth points are usually di ferent, uneven, broken off. (c) SERIAL NUMBERS: Genuine distincti' style, firmly and evenly printed; same col as seal. Counterfeit, style different, poo ly printed, badly spaced, uneven in appea ance. (d) PAPER: Genuine bills are printed distinctive paper containing very small r and blue silk threads. be identified by $1.00 $2.00 $5.00 bills bills bills $10.00 $20.00 bills bills $50.00 $100 bills bills 3. RUBBING a bill will NOT prove whether is genuine or counterfeit; ink will rub o of either 4. REMEMBER - NOT ALL STRANGERS ARE COUNT FEITERS, BUT ALL COUNTERFEITERS ARE LIKE TO BE STRANGERS! KNOW YOUR MONEY . * $ * * $ * KNOW YOUR MONEY HOW TO DETECT COUNTERFEIT COINS 1. KNOW YOUR MONEY! 2. RING a l l coins on a hard surface. Genuine coins sound c l e a r and b e l l - l i k e Counterfeits sound d u l l . 3. FEEL a l l c o i n s ; most c o u n t e r f e i t coins feel greasy. 4. COMPARE the reeding (the corrugated outer edge) of a suspected coin w i t h one known t o be genuine. The ridges on genuine coins are d i s t i n c t and evenly spaced. on c o u n t e r f e i t coins they are poorly spaced and i r r e g u l a r . $ $$ $ Storekeepers should compare the number and signature on the card w i t h the number opposite payee's name on check and w i t h the indorsement. A check w i t h address f a r r e moved from the place where presented should be cause f o r s u s p i c i o n . Bear in mind that anyone cashi ng a Government check which has been s t o l e n , forged or a l t e r e d may lose the money exchanged f o r i t , since the Government w i l l not honor i t i f the r i g h t f u l payee has been defrauded. CONFISCATION OF COUNTERFEITS 5. CUT the edge of suspected coins. Most c o u n t e r f e i t s are made of soft metal which can be e a s i l y cut w i t h a k n i f e . 6. TEST suspected s i l v e r coins w i t h a c i d . Scrape the surface and apply drop of a c i d . I f bad, the c o i n w i l l t u r n black unless i t has a high s i l v e r content. s i l v e r test acid s o l u t i o n may be purchased at any drug store. UNITED STATES GOVERNMENT CHECKS KNOW YOUR INDORSERS! Of the m i l l i o n s of Treasury checks issued y e a r l y by the Government, many are s t o l e n from l e t t e r boxes or in other ways, and must then be forged before the proceeds can be gained. | t i s imperative that anyone cashing a Government check know the payee, compare his signature w i t h the i n dorsement or require good i d e n t i f i c a t i o n , i n the case of WPA workers the various States issue i d e n t i f i c a t i o n cards w i t h the worker's number, signature and sonet imes descriDt ion. Section 251 of the u. S. Code of Laws p r o vides that whoever has knowledge of the commission of a crime (felony) and does not make i t known t o the a u t h o r i t i e s s h a l l be fined not more than $500 or. imprisoned not more than 3 years or both. section 286 s t a t e s that a l l c o u n t e r f e i t s of obl i g a t i o n s of the united states or f o r e i g n governments must be surrendered t o authorized Agents of the Treasury Department Anyone who has the custody or c o n t r o l of such c o u n t e r f e i t s and refuses t o surrender them upon request of an authorized Treasury Agent s h a l l be f i n e d not more than one hundred d o l l a r s or imprisoned not more than one year, or both. THE MAXIMUM PENALTY FOR POSSESSING OR PASSING A COUNTERFEIT BILL WITH INTENT TO DEFRAUD IS 15 YEARS IN THE PENITENTIARY AND A FINE OF $5,000. KNOW YOUR MONEY TO KNOW YOUR MONEY STUDY THIS DIAGRAM WHICH ILLUSTRATES THE POSITION OF IMPORTANT FEATURES OF CURRENCY REFERRED TO IN THE PAMPHLET. FEDERAL RESERVE SEAL AND LETTER T Y P E OF NOTE SHOWN HERE. SERIAL NriB TREASURY SEAL. FACE PLATE NUMBER SERIAL NUMBER SPECIMEN WARNING NOTICE VERY DANGEROUS $ 10 COUNTERFEIT FEDERAL RESERVE NOTE 11934 Series •lEFULTi PLACE THIS NOTICE ON OR NEAR YOUR CASH REGISTER WHEN A STRANGER GIVES YOU A COUNTERFEIT BILL I.DO NOT RETURN IT! POLICE AT ONCE! 2.TELEPHONE WHEN YOU RECEIVE A 3.DELAY THE PASSER UNDER A GREEN SEAL B I L L W I T H PRETEXT. 4.AVOID ARGUMENT; IF NECESCHECK LETTER AND N U M B E R ! SARY. TELL THEM THE POLICE COMPARE IT WITH A GENUINE BILL! THE COUNTERFEIT PORTRAIT WILL BE EITHER TOO BLACK OR TOO LIGHT, AND WILL LACK THE DELICATE DETAIL OF THE GENUINE. WILL HANDLE THE MATTER. 5.WRITE DOWN A DESCRIPTION IF THE PASSER LEAVES. 6.TAKE THE TAG NUMBERS OF ANY CARS INVOLVED.
@FedFRASER