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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States No. 2212 [ Circular16, 1941 "1 May J Public Notice of Offering of $100,000,000, or thereabouts, of Treasury Bills Dated May 21, 1941 Maturing August 20, 1941 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. TREASURY DEPARTMENT Washington FOR RELEASE, MORNING NEWSPAPERS, Friday, May 16, 1941. The Secretary of the Treasury, by this public notice, invites tenders for $100,000,000, or thereabouts, of 91-day Treasury bills, to be issued on a discount basis under competitive bidding. The bills of this series will be dated May 21, 1941, and will mature August 20, 1941, when the face amount will be payable without interest. They will be issued in bearer form only, and in denominations of $1,000, $5,000, $10,000, $100,000, $500,000, and $1,000,000 (maturity value). Tenders will be received at Federal Reserve Banks and Branches up to the closing hour, two o'clock p.m., Eastern Standard time, Monday, May 19, 1941. Tenders will not be received at the Treasury Department, Washington. Each tender must be for an even multiple of $1,000, and the price offered must be expressed on the basis of 100, with not more than three decimals, e. g., 99.925. Fractions may not be used. It is urged that tenders be made on the printed forms and forwarded in the special envelopes which will be supplied by Federal Reserve Banks or Branches on application therefor. Tenders will be received without deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others must be accompanied by payment of 10 percent 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, tenders will be opened at the Federal Reserve Banks and Branches, following which public announcement will be made by the Secretary of the Treasury of the amount and price range of accepted bids. Those submitting tenders will be advised of the acceptance or rejection thereof. The Secretary of the Treasury expressly reserves the right to accept or reject any or all tenders, in whole or in part, and his action in any such respect shall be final. Payment of accepted tenders at the prices offered must be made or completed at the Federal Reserve Bank in cash or other immediately available funds on May 21, 1941. The income derived from Treasury bills, whether interest or gain from the sale or other disposition of the bills, shall not have any exemption, as such, and loss from the sale or other disposition of Treasury bills shall not have any special treatment, as such, under Federal tax Acts now or hereafter enacted. The bills 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. For purposes of taxation the amount of discount at which Treasury bills are originally sold by the United States shall be considered to be interest. 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. In accordance with the above announcement tenders will be received at the Securities Department of this bank (9th floor, 33 Liberty Street, New York City) or at the Buffalo Branch of this Bank (272 Main Street, Buffalo, New York) up to two o'clock p.m., Eastern Standard time (three o'clock p.m., "Daylight Saving time"), on Monday, May 19, 1941. 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. ALLAN SPROUL, President. No. 5G TENDER FOR 91-DAY Dated May 21, 1941. JRY BILLS Maturing August 20, 1941. Dated at 1941 To THE FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York City, N. Y. Pursuant to the provisions the provisions of the public of Treasury Department Circular No. 418, as amended, and to notice on May 16, 1941, as issued by the Secretary Treasury, the undersigned offers to pay of the * for a total amount (Rate per 100) of $ (maturity value) of the Treasury bills therein described, or for any less amount that may be awarded, payment therefor to be made at your bank in cash or other immediately available funds on the date stated in the public notice. The Treasury bills for which tender is hereby made are to be dated May 21, 1941, and are to mature on August 20, 1941. 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 even multiple of $1,000 (maturity value). Also, if more than one price is offered, a separate tender must be executed at each price. 2. If the person making the tender is a corporation, the tender should be signed by an officer of the corporation authorized to make the tender, and the signing of the tender 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 received without deposit from incorporated banks and trust companies and from responsible and recognized dealers in investment securities. Tenders from others must be accompanied by payment of 10 percent 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 tender 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 Carded Examined Allotment Received Classified Figured | Checked :NTB-568-a Ledger Acknowledged Checked 1 Advised l| 1 Recorded I Method of Payment Window- Disposition | Amount Custody * Price must be expressed on the basis of 100, with not more than three decimal places, e.g., 99.925. Fractions may not be used. II Mail Date Released By Other Departments UNITED STATES SECRET SERVICE Treasury Department .• NEW COUNTERFEIT $ I O FEDERAL RESERVE NOTI FEDERAL RESERVE BANK OF CHICAGO, ILL. , CHECK LETTER AND FACE PLATE NUMBER BACK PLATE NUMBER 0 B UNITED STATES OF A H , ^ SERIES CAREFULLY COMPARE A SUSPECTED NOTE WITH ANOTHER OF THE SAME TYPE AND DENOMINATION. Pay Particular Attention to Portraits KNOW YOUR MONEY H 89 56 3 1934 ALTHOUGH THIS COUNTERFEIT PURPORTS TO BE ISSUED ON THE FEDERAL RESERVE BANK OF CHICAGO, THE SERIAL NUMBER IS PREFIXED BY THE LETTER "C« INSTEAD OF CORRECT LETTER "G". THIS MAT BE RECTIFIED IN FUTURE ISSUE8. HAMILTON'S LEFT EYEBROW IS FORMED BY HEAVY BLACK LINE AND A BLACK SPOT APPEARS AT TOP OF NOSE ADJACENT TO RIGHT EYEBROW. CROSS-RULED LINES FORMING PORTRAIT BACKGROUND RESEMBLE A RU8TY SCREEN. ENTIRE FACE OF NOTE PRESENTS ORAY APPEARANCE. TREASURY DEPARTMENT Return after 5 days UNITED STATES SECRET SERVICE Washington, D. C. Official Business When you receive a counterfeit bill: 1. 2. 3. 4. DO NOT RETURN IT! TELEPHONE POLICE AT ONCE! DELAY THE PASSER UNDER SOME NATURAL EXCUSE. AVOID ARGUMENT. IF NECESSARY SAY THAT POLICE WILL HANDLE THE MATTER. 5. IF THE PASSER LEAVES, WRITE D O W N HIS DESCRIPTION. 6. WRITE D O W N THE LICENSE NUMBERS OF ANY CARS INVOLVED. REMEMBER— NOT ALL STRANGERS ARE COUNTERFEITERS, BUT ALL COUNTERFEITERS ARE LIKELY TO BE STRANGERS! FRANK J. WILSON Chief, U. S. Secret Service PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 FEDERAL RESERVE BANK OF NEW YORK May 20, 1941. To all Banking Institutions in the Second Federal Reserve District: We are pleased to announce that Erie County Trust Company, East Aurora, New York, has become a member of the Federal Reserve System effective May 20, 1941. ALLAN SPKOUL, President.
@FedFRASER