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FEDERAL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 4 0 9 7 1 L April 16, 1954 J Offering o f $ 1 ,0 0 0 ,0 0 0 ,0 0 0 o f 52-Day Treasury Bills T o Be Designated “ Tax A nticipation Series” Dated April 27, 1954 Maturing June 18, 1954 T o all Incorporated Banks and Trust Com panies, and O th ers Concerned, in the Second Federal R eserv e D istrict: Following is the text of a notice published today: F O R R E L E A S E , M O R N IN G N E W S P A P E R S , Friday, April 16, 1954. TREASURY DEPARTM EN T Washington The Treasury Department, by this public notice, invites tenders for $1,000,000,000, or thereabouts, of 52-day Treasury bills, to be issued on a discount basis under competitive and noncompetitive bidding as hereinafter provided. The bills of this series will be designated T a x Anticipation Series, they will be dated April 27, 1954, and they will mature June 18, 1954. They will be accepted at face value in payment of income and profits taxes due on June 15, 1954, and to the extent they are not presented for this purpose the face amount of these bills will be payable without interest at maturity. Taxpayers desiring to apply these bills in payment of June 15, 1954, income and profits taxes have the privilege of surrendering them to any Federal Reserve Bank or Branch not more than fifteen days before June 15, 1954, and receiving receipts therefor showing the face amount of the bills so surrendered. These receipts may be submitted in lieu of the bills on or before June 15, 1954, to the District Director of Internal Revenue for the district in which such taxes are payable. 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, Wednesday, April 21, 1954. Tenders will not be received at the Treasury Department, W ashington. Each tender must be for an even multiple of $1,000, and in the case of competitive tenders 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. Others than banking institutions will not be permitted to submit tenders except for their own account. Tenders will be received without deposit from incorporated banks and trust companies and from responsible and recognized dealers in invest ment securities. Tenders from others must be accompanied by payment of 2 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 Treasury Department of the amount and price range of accepted bids. Those submitting tenders will be advised o f 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. Subject to these reservations, noncompetitive tenders for $200,000 or less without stated price from any one bidder will be accepted in full at the average price (in three decimals) of accepted competitive bids. Settlement for accepted tenders in accordance with the bids must be made or completed at the Federal Reserve Bank on April 27, 1954, in cash or other immediately available funds, provided, however, any qualified depositary will be permitted to make payment by credit in its Treasury T a x and Loan Account for Treasury bills 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 Reserve Bank of its district. 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 the Internal Revenue Code, or laws amendatory or supplementary thereto. 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. Under Sections 42 and 117(a)(1) of the Internal Revenue Code, as amended by Section 115 of the Revenue A ct of 1941, the amount of discount at which bills issued hereunder are sold shall not be considered to accrue until such bills shall be sold, redeemed or otherwise disposed of, and such bills are excluded from consideration as capital assets. Accordingly, the owner of Treasury bills (other than life insurance com panies) issued hereunder need include in his income tax return only the difference between the price paid for such bills, whether on original issue or on subsequent purchase, and the amount actually received either upon sale or redemption at maturity, or the amount of income or profits taxes paid by means of the bills, during the taxable year for which the return is made, as ordinary gain or loss. Treasury Department Circular N o. 418, Revised, 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. This Bank will receive tenders up to 2 p.m., Eastern Standard time, Wednesday, April 21, 1954, at the Securities Department of its Head Office and at its Buffalo Branch. Please use the form on the reverse side of this circular to submit a tender, and return it in an envelope marked “ Tender for Treasury Bills— Tax Anticipation Series.” Tenders may be submitted by telegraph, subject to written confirmation; they may not be submitted by telephone. Settlement for accepted tenders must be made in cash or other immediately available funds, except that any qualified depositary may make payment by credit in its Treasury Tax and Loan Account. A l l a n S p r o u l , President. ( over ) IM PORTANT— If you desire to bid on a competitive basis, fill in rate per 100 and maturity value in paragraph headed “ Competitive Bid.*’ If you desire to bid on a noncompetitive basis, fill in only the maturity value in paragraph headed “ Noncompetitive Bid.” DO NOT fill in both paragraphs on one form. A separate tender must be used for each bid, except that banks submitting bids on a competitive basis for their own and their customers’ accounts may submit one tender for the total amount bid at each price, provided a list is attached showing the name of each bidder, the amount bid for his account, and method of payment. Forms for this purpose will be furnished upon request. N o............................ TENDER FOR 52-DAY TREASURY BILLS TO BE DESIGNATED “ T A X ANTICIPATION SERIES” Dated A pril 27, 1954 To F ederal R eserve Ban k of N ew Y Maturing June 18, 1954 Dated at ork, Fiscal Agent of the United States. 1954 COMPETITIVE BID NONCOMPETITIVE BID Pursuant to the provisions of Treasury Department Circular No. 418, Revised, and to the provisions of the public notice on April 16, 1954, as issued by the Treasury Department, the Pursuant to the provisions of Treasury De partment Circular No. 418, Revised, and to the provisions of the public notice on April 16, 1954, as issued by the Treasury Department, the undersigned offers a noncompetitive tender undersigned o ffe r s ...........................................* for ( R a t e p e r 100) for a total amount of $ ............................................. a total amount of $ ..................................................... (maturity value) of the Treasury bills therein described, or for any less amount that may be awarded, settlement therefor to be made at your Bank, on the date stated in the public notice, as indicated below: □ By cash or other immediately available funds □ By credit to Treasury Tax and Loan Account (N ot to exceed $200,000) (maturity value) of the Treasury bills therein described, at the average price (in three deci mals) of accepted competitive bids, settlement therefor to be made at your Bank, on the date stated in the public notice, as indicated below: □ By cash or other immediately available funds □ By credit to Treasury Tax and Loan Account * P rice m ust be expressed on the basis o f 100, with not m ore than three decimal places, fo r exam ple, 99.925. The Treasury bills for which tender is hereby made are to be dated April 27, 1954, and are to mature on June 18, 1954. This tender will be inserted in special envelope marked “ Tender for Treasury Bills— Tax Anticipation Series.” N a m e o f B id d er . . . . (Please print) By ................................................................. (Official signature required) (Title) Street Address ......................................... (City, Town or Village, P. O. No., and State) I f this tender is submitted by a bank for the account of a customer, indicate the customer’s name on line below: (Name of Customer) (City, Town or Village, P. O. No., and State) IM PORTANT INSTRUCTIONS: 1. N o tender for less than $1,000 will be considered, and each tender must be for an even multiple of $1,000 (maturity value). 2. If the person making the tender is a corporation, the tender should be signed by an officer o f the corporation authorized to make the tender, and the signing of the tender by an officer of the corporation will be construed as a rep resentation by him that he has been so authorized. If the tender is made by a partnership, it should be signed by a mem ber 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 respon sible and recognized dealers in investment securities. Tenders from others must be accompanied by payment of 2 percent o f 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 m ay be disregarded. T E N ST B — 7 Be sure to return tender in special envelope marked “ Tender for Treasury Bills— Tax Anticipation Series.*’ ( over ) F e d e r a l R e se r v e B a n k of New Y ork NOTICE OF ALLO TM E N T OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES April 22, 1954. Your tender at (rate per 100) has been accepted in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing on June 18, 1954. Settlement therefor must be made in cash or other immediately available funds at the Federal Reserve Bank of New York or by credit to Treasury Tax and Loan Account on or before A pril 27, 1954. To obtain delivery o f the Treasury bills, please complete both copies of the attached Letter of Instructions, and return them promptly to the Federal Reserve Bank of New York. If settlement is to be made by check on a bank other than the Federal Reserve Bank of New York, the check should be received by us in time for collection on date bills are issued, otherwise it will be necessary for the bidder to pay for the bills allotted at the price computed on the rate of discount on such bills to the date of collection. I f settlement is to be made by credit to Treasury Tax and Loan Account, the Certificate o f Deposit, which is part of the attached form, must be executed and officially signed. F ederal R eserve B a n k of New Y ork Fiscal Agent of the United States. Checked by THIS LETTER OF INSTRUCTIONS (ACCOMPANIED BY ATTACHED DUPLICATE YELLOW COPY) TO BE FILLED IN AND RETURNED TO FEDERAL RESERVE BANK OF NEW YORK TAB LETTER OF INSTRUCTIONS To Bank o p N e w York, Fiscal Agent of the United States, Government Bond Department, New York 45, N. Y. F ederal R eserve From (Date) Referring to our tender at (rate per 100) which has been accepted in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated April 27, 1954 and maturing on June 18, 1954, please issue and make delivery of the bills in the denominations as instructed below. Settlement will be made as indicated below: By cash $........................... By check in funds available on issue date $........................... By charge to our reserve account, which you are authorized to make . . . $........................... By credit to Treasury Tax and Loan Account on our books as indicated on the attached Certificate of Deposit which we have officially executed.. $........................... Issue Bills in the Following Denominations D enom ination Piece* ( P l e a s e D o N ot U se T h is S p a c e ) Maturity Value D is p o s e o » B il l s A s I n d ic a t e d B e l o w □ N u m bers Tooo0 0 5,000 10,000 0 100,000 0 500,000 1. Deliver over the counter to the undersigned 2. Ship to the undersigned 3. Hold in safekeeping (fo r member bank only) 4. Hold as collateral for Treasury T ax and Loan Account 5. Special instructions: 1 ,0 0 0 ,0 0 0 T otals------- IM PO R TA N T: No changes in delivery instructions will be accepted. The undersigned, if a bank or trust company, hereby certifies that the Treasury bills which you are hereby instructed to dispose o f in the manner indicated in items numbered 3 and 4 above are the sole property of the undersigned. (F ill in all required spaces before signing) Name o f Subscriber. (Please Print) B y ................................ (Official signature required) (Title) Street a d d re ss........... City, Town or Village, P. O. No., and State.............................. Spaces below are for the use of Federal Reserve Bank of New York Government Bond Department Safekeeping Department Security Custody Department Payment received signed: Deliver against payment Taken from vault Checked . Counted ............... Delivered o f $ ..................................... Checked ............... sign ed: D E L IV E R Y R E C EIPT Received from Federal Reserve Bank o f New York, Fiscal Agent o f the United States, the above described Treasury bills allotted in the amount indicated above. Subscriber................................................................................................................ Date. B y. If payment is to be made by credit to Treasury Tax and Loan Account, the following Certificate of Deposit should be officially executed. [D E R A L RESERVE GOVERNMENT BANK BONO OF NEW YORK DEPARTM ENT (T his certificate must be executed when subscriber is making payment through Treasury Tax and Loan Account) Certificate o f D eposit in Treasury T ax and Loan A ccou n t COST The undersigned depositary certifies that it will deposit on April 27, 1954, to the credit of Federal Reserve Bank of New York, Fiscal Agent of the United States, in the Treasury Tax and Loan Account, to be held subject to withdrawal on demand the above sum in payment of $ (maturity value) Treasury bills, Tax Anticipation Series, dated April 27, 1954, due June 18, 1954, allotted as per Notice of Allotment dated April 22, 1954. (N am e of depositary) B y ..................... (Official signature required) Street address D ated. (City, Town or Village, P. O . N o., and State) (Title) (D U PLICATE FO R USE OF F E D E R A L RE SERVE BAN K OF N EW Y O R K ) TAB 1 To F L E T T E R O F INSTRUCTION S ederal R eserve B ank op N ew Y ork, Fiscal Agent o f the United States, Government Bond Department, New York 45, N. Y. From (Date) Referring to our tender at (rate per 100) which has been accepted in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated April 27, 1954 and maturing on June 18, 1954, please issue and make delivery o f the bills in the denominations as instructed below. Settlement will be made as indicated below: By cash $............................ B y check in funds available on issue date $............................. By charge to our reserve account, which you are authorized to make . . . $............................. By credit to Treasury Tax and Loan Account on our books as indicated on the attached Certificate o f Deposit which we have officially executed.. $............................. Issue B ills in the Follow ing Denominations Pieces Denomination (P lease Do N ot U se T h is S p a c e ) Numbers M aturity Value D ispose o r B ill s A s I ndicated B elow □ 1. Deliver over undersigned □ □ 2. Ship to the undersigned 3. H old in safekeeping ( fo r member bank only) 4. H old as collateral fo r Treasury Tax and Loan Account 5. Special instructions: 1,000 5,000 10,000 □ 100,000 □ 500,000 the counter to the 1,000,000 Totals------- IM P O R T A N T : No changes in delivery instructions will be accepted. The undersigned, if a bank or trust company, hereby certifies that the Treasury bills which you are hereby instructed to dispose o f in the manner indicated in items numbered 3 and 4 above are the sole property o f the undersigned. (F ill in all required spaces before sign in g) Name o f Su bscriber.................................................................................................................................................... (Please Print) B7 ...........................................; ...............: ................................. , (Official signature required) .................................... (T itle) Street a d d r e s s ............................................................................................................................................................... City, Town or V illage, P. O. No., and S ta te................................ Spaces below are for the use o f Federal Reserve Bank o f New York Security Custody Department Government Bond Department Safekeeping Department Paym ent received Taken from v a u l t ........................................................ s ig n e d : D eliver against payment Counted .......................................................................... Checked .......................................................................... o f $ ...................................... sign ed: D E L IV E R Y R E C E IP T Received from Federal Eeserve Bank o f New York, F iscal A gen t o f the United States, the above described Treasury bills allotted in the amount indicated above. Date Subscriber By 4 F e d er a l R e s e r v e B a n k o f N e w Y o rk PE N D IN G D E L IV E R Y T IC K E T TB OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES April 22, 1954. Your tender at (rate per 100) has been accepted in the amount o f $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing on June 18, 1954. PRINCIPAL PAR DISCOUNT METHOD OP PAYM ENT DISPOSITION MASTER URED CHECKED □ Paym ent to be made through Treasury Tax and Loan Account. 5 F TB ed er a l R e s e r v e B a n k o f N e w Y o rk FILLED A LLO TM E N T D E L IV E R Y T IC K E T OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES A pril 22, 1954. Your tender at (rate per 100) has been accepted in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing on June 18, 1954. PAR PRINCIPAL DISCOUNT MASTER URED CHECKED METHOD OT PAYM ENT DISPOSITION F e d er a l R e s e r v e B a n k o f N e w Y o rk NOTICE O F A LLO TM E N T OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES A pril 22, 1954. Your noncompetitive tender has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills dated A pril 27, 1954 and maturing on June 18, 1954. Settlement therefor must be made in cash or other immediately available funds at the Federal Reserve Bank o f New York or by credit to Treasury Tax and Loan Account on or before April 27, 1954. To obtain delivery of the Treasury bills, please complete both copies of the attached Letter of Instructions, and return them promptly to the Federal Reserve Bank of New York. If settlement is to be made by check on a bank other than the Federal Reserve Bank of New York, the check should be received by us in time for collection on date bills are issued, otherwise it will be necessary for the bidder to pay for the bills allotted at the price computed on the rate of discount on such bills to the date o f collection. I f settlement is to be made by credit to Treasury Tax and Loan Account, the Certificate of Deposit, which is part of the attached form, must be executed and officially signed. F eder al R eserve B a n k of New Y ork Fiscal Agent of the United States. Cheeked by -------------' 7 v - ... THIS LETTER OF INSTRUCTIONS (ACCOMPANIED BY ATTACHED DUPLICATE YELLOW COPY) TO BE ______ FILLED IN AND RETURNED TO FEDERAL RESERVE BANK OF NEW YORK TAB] 2 I-------- 1 To LETTER OF INSTRUCTIONS F ed er al R ese r v e B a n k of N ew Y ork, Fiscal Agent of the United States, Government Bond Department, New York 45, N. Y. From (Date) Referring to our noncompetitive tender which has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated April 27, 1954, and maturing on June 18, 1954, please issue and make delivery of the bills in the denominations as instructed below. Settlement will be made as indicated below: By check in funds available on issue date $........................... By charge to our reserve account, which you are authorized to make . . . $.......................... By credit to Treasury Tax and Loan Account on our books as indicated on the attached Certificate of Deposit which we have officially executed.. $.......................... By cash $.......................... Issue Bills in the Following Denominations Pieces Denomination ( P lease D o N ot U se T his S pace ) Maturity Value D ispose Numbers □ 1,000 □ □ 5,000 10,000 100,000 □ 500,000 □ of B ills A s I ndicated B elow 1. Deliver over the counter to the undersigned 2. Ship to the undersigned 3. Hold in safekeeping (fo r member bank only) 4. Hold as collateral for Treasury Tax and Loan Account 5. Special instructions: 1,000,000 Totals------- IM PO RTAN T: No changes in delivery instructions will be accepted. The undersigned, if a bank or trust company, hereby certifies that the Treasury bills which you are hereby instructed to dispose o f in the manner indicated in items numbered 3 and 4 above are the sole property o f the undersigned. (F ill in all required spaces before signing) Name o f Subscriber. (Please Print) By....................... (Official signature required) (Title) Street a d d ress ........... City, Town or Village, P. 0 . No., and State.............................. Spaces below are for the use o f Federal Reserve Bank of New York Government Bond Department Safekeeping Department Security Custody Department Payment received signed: Deliver against payment Taken from vault Checked , Counted ............... Delivered o f $ ..................................... Checked ............... signed: D E L IV E R Y RE C E IP T Received from Federal Reserve Bank o f New York, Fiscal Agent o f the United States, the above described Treasury bills allotted in the amount indicated above. Subscriber. D a te. B y. If payment is to be made by credit to Treasury Tax and Loan Account, the following Certificate o f Deposit should be officially executed. V ed er a l r e s e r v e GOVERNMENT bank BOND o f N ew York DEPARTM ENT (T h is certificate must be executed when subscriber is making payment through Treasury Tax and Loan Account) Certificate o f D eposit in Treasury T ax and Loan A ccou n t COST The undersigned depositary certifies that it will deposit on April 27, 1954, to the credit of Federal Reserve Bank of New York, Fiscal Agent of the United States, in the Treasury Tax and Loan Account, to be held subject to withdrawal on demand the above sum in payment of $ (maturity value) Treasury bills, Tax Anticipation Series, dated April 27, 1954, due June 18, 1954, allotted as per Notice of Allotment dated April 22, 1954. (Nam e of depositary) B y ................................................................................... , .............................................. (Official signature required) (Title) Street address ............................................................................................. Dated. (City, Town or Village, P. O . N o., and State) (D U PLICATE FO R USE OF F E D E R A L R E SE R V E BAN K OF N EW Y O R K ) TAB I L E T T E R OF INSTRUCTION S To F ederal R eserve B ank of New Y ork, Fiscal Agent o f the United States, Government Bond Department, New York 45, N. Y. From (Date) Referring to our noncompetitive tender which has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954, and maturing on June 18, 1954, please issue and make delivery of the bills in the denominations as instructed below. Settlement will be made as indicated below: By cash $............................ By check in funds available on issue date $............................ By charge to our reserve account, which you are authorized to make . . . $............................ By credit to Treasury Tax and Loan Account on our books as indicated on the attached Certificate o f Deposit which we have officially executed.. $............................ Issue Bills in the F ollow ing Denominations P ie c e s Denom ination ( P l e a se D o N ot U se T h is S p a c e ) Numbers M aturity Value D is p o s e o f B il l s □ 1,000 □ 0 5,000 10,000 0 100,000 500,000 0 As I n d ic a t e d B e l o w 1. Deliver over the counter t o t h e undersigned 2. Ship to the undersigned 3. H old in safekeeping ( fo r member bank on ly) 4. H old as collateral f o r Treasury Tax and Loan A ccou nt 5. Special instructions: 1,000.000 Totals------- IM P O R T A N T : No changes in delivery instructions will be accepted. The undersigned, if a bank or trust company, hereby certifies that the Treasury bills which you are hereby instructed to dispose o f in the manner indicated in items numbered 3 and 4 above are the sole property o f the undersigned. (F ill in all required spaces b efore sign ing) Name o f Subscriber.................................................................................................................................................... (Please Print) B y .............................................................................. .............................................. , ................................................ (Official signature required) (Title) Street address ............................................................................................................................................................... City, Town or V illage, P. O. No., and S ta te................................ Spaces below are for the use o f Federal Reserve Bank o f New York Government Bond Department Security Custody Department Safekeeping Department Paym ent received s ig n e d : T aken Deliver against payment from v a u l t ........................................................ Counted .......................................................................... Checked .......................................................................... o f $ ...................................... s ig n e d : D E L IV E R Y R E C E IP T Received from Federal Reserve Bank o f New Y ork, Fiscal A gen t o f the United States, the above described Treasury bills allotted indicated above. Date Subscriber By in th e a m o u n t 4 F e d er a l R e s e r v e B a n k o p N e w Y o rk P E N D IN G D E L IV E R Y T IC K E T TB OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES A pril 22, 1954. Your noncompetitive tender has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing on June 18, 1954. PAR PRINCIPAL DISCOUNT METHOD OP PA YM E NT DISPOSITION MASTER 3URED CHECKED □ Payment to be made through Treasury Tax and Loan Account. 5 F e d e r a l R e s e r v e B a n k o p N e w Y o rk F IL LE D A L L O T M E N T D E L IV E R Y T IC K E T TB OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES April 22, 1954. Your noncompetitive tender has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing ou June 18, 1954. PRINCIPAL PAR DISCOUNT H ASTES JURED CHECKED METHOD OP PAYM ENT DISPOSITION TB SECURITIES DEPARTMENT COPY T A X ANTICIPATION SERIES A pril 22, 1954. Your noncompetitive tender has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing on June 18, 1954. □ Payment to be made through Treasury Tax and Loan Account. SECURITY FILES, OSSINING, N. Y. F ederal R eserve B a n k of New Y ork NOTICE OF A LLO TM E N T TB OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES April 22, 1954. Your noncompetitive tender has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills, Tax Anticipation Series, dated A pril 27, 1954 and maturing on June 18, 1954. F ed e r a l R e s e r v e B a n k o f N e w Y o rk NOTICE O F A LLO TM E N T OF UNITED STATES OF AMERICA TREASURY BILLS T A X ANTICIPATION SERIES April 22, 1954. Your noncompetitive tender has been accepted in full at the average price of accepted competitive bids, namely (rate per 100), in the amount of $ (maturity value) for Treasury bills dated A pril 27, 1954 and maturing on June 18, 1954. Settlement therefor must be made in cash or other immediately available funds at the Federal Reserve Bank o f New York or by credit to Treasury Tax and Loan Account on or before April 27, 1954. To obtain delivery of the Treasury bills, please complete both copies of the attached Letter o f Instructions, and return them promptly to the Federal Reserve Bank of New York. I f settlement is to be made by check on a bank other than the Federal Reserve Bank of New York, the check should be received by us in time for collection on date bills are issued, otherwise it will be necessary for the bidder to pay for the bills allotted at the price computed on the rate of discount on such bills to the date o f collection. If settlement is to be made by credit to Treasury Tax and Loan Account, the Certificate of Deposit, which is part of the attached form, must be executed and officially signed. F eder al R eserve B a n k of N ew Y ork Fiscal Agent of the United States. Cheeked by
@FedFRASER