The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FE D E R AL R E SE R V E BANK O F N E W YO R K F iscal A g e n t of the U n ited States r Circular N o. 3 2 4 8 *1 L A ugust 19, 1947 J O W N E R S H IP C E R T IF IC A T E R E Q U IR E M E N T S R E L A T I V E T O IN T E R E S T P A Y M E N T S O N T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S To all Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: W e have heretofore notified banking institutions, and others concerned, in the Second Federal Reserve District concerning the requirements o f the Income Tax Regulations with respect to the filing of ownership certificates in the case of interest paid on and after January 1, 1942, on obligations of the United States or any agency or instrumentality thereof. W e have also furnished instructions regarding the prepa ration of interest coupons, appertaining to such obligations, for presentation to this bank for payment. In the case of Treasury certificates of indebtedness maturing 011 and after September 1,1947, the conventional semiannual interest coupons have been eliminated and interest will be paid with the principal at maturity. Accordingly, when certificates o f indebtedness are hereafter presented fo r payment at maturity, or are presented in payment for securities allotted to holders of such certificates in connection with an exchange offering, ownership certificates must be filed with maturing certificates of indebtedness owned by a nonresident alien, a nonresident partnership composed in whole or in part of nonresident aliens, a nonresident foreign corporation, or where the owner is unknown. A l l a n S p r o u l , President.
@FedFRASER