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FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the United States r Circular No. 6 1 8 4 "1 June 26, 1968 J L Treasury Borrowing Plans Offering of $4.0 Billion of Tax Anticipation Treasury Bills To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: The Treasury Department announced today that it will raise $4.0 billion through the sale of tax anticipa tion bills maturing in March and April of 1969. The bills will be auctioned on Tuesday, July 2, for delivery and payment on Thursday, July 11. Of the $4.0 billion total, $2.0 billion will mature on March 24, 1969, and $2.0 billion will mature on April 22, 1969. Commercial banks will be able to pay for the tax anticipation bills by crediting Treasury tax and loan accounts. The Treasury also announced that it plans to continue adding $100 million each week to the weekly sales of 6-month bills. This weekly addition will probably continue through the current cycle, which will be com pleted with the bills to be delivered October 10. The text of the official notice offering the two series of tax anticipation bills referred to above is printed below. T h e T re a su ry D epartm en t, b y this p u b lic n otice, invites tenders fo r tw o series o f T rea su ry bills to the a g g reg a te am ou nt o f $4,000,000,000, o r thereabouts, as fo llo w s : 256-day bills, fo r $2,000,000,000, or thereabouts, to be dated July 11, 1968, and to m ature M a rch 24, 1969. T h e bills w ill be a ccep ted at face value in pa ym en t o f in com e taxes due on M a rch 15, 1969. 285-day bills, fo r $2,000,000,000, or thereabouts, to be dated July 11, 1968, and to m ature A p ril 22, 1969. T h e bills w ill be a ccep ted at face value in pa ym en t o f in co m e taxes due on A p ril 15, 1969. T h e bills o f both series w ill be issued on a discou n t basis under co m p etitive and n on com p etitiv e bid d in g as hereinafter p r o v id e d and at m aturity, to the exten t they are n ot presented in pa ym en t o f in co m e taxes, their face a m ou n t w ill be payable w ith ou t interest. T h e y w ill be issued in bearer fo rm on ly, and in d en om in a tion s o f $1,000, $5,000, $10,000, $50,000, $100,000, $500,000 and $1,000,000 (m a tu rity va lu e). T a x p a y e rs desiring to a p p ly these bills in paym ent o f in co m e taxes m a y subm it the bills to a Federal R eserve Bank or B ra n ch or to the O ffice o f the T reasu rer o f the U n ited States, W a s h in g to n , n ot m ore than fifteen days b efore the appropriate in co m e ta x pa ym en t date. In the case o f bills subm itted in p a ym en t o f in co m e taxes o f a co rp o ra tio n th ey shall be a c c o m panied b y a duly com p leted F o r m 503 and the office receiv in g these item s w ill effe ct the dep osit on the date the taxes are due. In the case o f bills subm itted in pa ym en t o f in com e taxes o f all oth er taxpayers, the office receiv in g the bills w ill issue re ceipts th erefor, the original o f w hich the taxpayer shall subm it on or b e fo re the date the taxes are due to the D istrict D irector o f Internal R even u e fo r the D istrict in w hich such taxes are payable. T e n d e rs w ill be receiv ed at F ed eral R eserve B anks and B ran ches up to the clo s in g hour, on e-th irty p.m ., Eastern D a y lig h t S avin g tim e, T u esd a y, July 2, 1968. T en d ers w ill n ot be receiv ed at the T rea su ry D epa rtm en t, W a s h in g to n . E a ch tender m u st be for an even m u ltiple o f $1,000, and in the case o f com p etitiv e tenders the p rice o ffe re d m u st be exp ressed on the basis o f 100, w ith n ot m ore than th ree decim als, e.g., 99.925. F ra ction s m ay not be used. It is u rged that tenders be m ade on the printed form s and forw a rd ed in the special en velopes w h ich w ill be supplied b y F ed era l R eserv e B anks or B ran ch es on a pp lication th erefor. B a n k in g in stitu tions g en era lly m a y subm it ten ders fo r accou n t o f cu stom ers p r ov id ed the nam es o f the cu sto m e rs are set forth in such tenders. O th ers than b a n k in g in stitu tions w ill n ot be perm itted to subm it tenders e x cep t fo r their o w n a ccou n t. T en d ers w ill be receiv ed w ith ou t d ep osit fr o m in co rp o ra te d banks and trust com pa n ies and fro m resp on sib le and re co g n iz e d dealers in in vestm ent securities. T e n d e rs fr o m oth ers m u st be a ccom p a n ied b y pa ym en t o f 2 p ercen t o f the fa ce a m ou n t o f T rea su ry bills applied for, unless the tenders are a cco m p a n ie d b y an exp ress gu aranty o f pa ym en t b y an in corp ora ted bank o r trust com p a n y . A ll b idd ers are requ ired to agree n ot to pu rch ase o r to sell, or to m ake any a greem ents w ith resp ect to the pu rch ase o r sale or oth er d isp osition o f any bills o f the issue fo r w h ich th ey are b id d in g at a specific rate or price, until a fter o n e -th irty p.m E astern D a y lig h t S a vin g tim e, T u esd a y , July 2, 1968. Im m ed ia tely after the clo s in g hour, ten ders w ill be o p e n e d at the F ed eral R eserv e B anks and B ran ch es, fo llo w in g w h ich pu b lic a n n ou n cem en t w ill be m ade b y the T r e a s u ry D e p a rtm e n t o f the a m ou n t and p rice ran ge o f a ccep ted bids. T h o s e su b m ittin g tenders w ill be a dvised o f the a ccep ta n ce or re je ctio n th ereof. T h e S ecreta ry o f the T re a s u ry e x p ressly reserves the righ t to a ccep t or re je ct a n y or all ten ders, in w h o le o r in part and his a ction in any such resp ect shall b e final. S u b je ct to these reservations, n on com p etitiv e tenders for $400 000 o r less for the 256-day bills and $400,000 or less fo r the 2 85-d ay bills w ith ou t stated p rice fro m any on e bidd er w ill be a cce p te d in full at the average p n c e (m three decim a ls) o f a ccep te d c o m J ? A «"• rffesPe,ctlve P a y m en t o f accep ted tcndei s at the prices offered m ust be m ade o r com p lete d at the F ederal R eserve B ank in cash or oth er im m ed ia tely available ( over ) fu n ds on J u ly 11, 1968, p rovided , h ow ev er, a n y qualified d ep osi tary w ill be perm itted to m ake pa ym en t b y credit in its T rea s u ry ta x and loan a ccou n t fo r T rea su ry bills a llotted to it for itself and its cu stom ers up to any a m ou n t for w hich it shall be qualified in exce ss o f e xistin g deposits w hen so n otified b y the F ed era l R e se rv e B ank o f its D istrict. T h e in co m e derived fro m T rea su ry bills, w h eth er interest o r gain fr o m the sale o r oth er d isp osition o f the bills, d oes n ot have a n y e xem p tion , as such, and loss fr o m the sale or oth er d isp osition o f T rea su ry bills d oes n ot have any special treat m ent, as such, under the Internal R even u e C od e o f 1954. T h e bills are su b je ct to estate, inheritance, g ift or oth er excise taxes, w h eth er F ed eral or State, but are ex em p t fr o m all taxa tion n o w o r h ereafter im p osed on the principal o r interest th e re o f b y any State, or a n y o f the p ossession s o f the U n ited States, o r b y any lo ca l ta x in g authority. F o r pu rp oses o f taxation the a m ou n t o f discou n t at w h ich T re a s u ry bills are origin a lly sold b y the U n ited States is con sid ered to be interest. U n d er S ection s 4 5 4 (b ) and 1221(5) o f the Internal R even ue C od e o f 1954, the a m ou n t o f d iscou n t at w h ich bills issued hereunder are sold is n ot con sid ered to accru e until such bills are sold, redeem ed or oth erw ise disp osed of, and such bills are exclu d ed fro m con sidera tion as capital assets. A c co r d in g ly , the ow n er o f T rea su ry bills (o th e r than life insurance c o m pan ies) issued hereunder need in clude in his in co m e tax return on ly the difference b etw een the price paid fo r such bills, w hether on origin a l issue or on subsequent purchase, and the am ou n t actu ally received either u pon sale o r red em ption at m aturity du rin g the taxable year fo r w h ich the return is made, as ord in a ry gain o r loss. T rea su ry D epa rtm en t C ircular N o . 418 (cu rren t revision ) and this n otice prescribe the term s o f the T reasu ry bills and g o v e rn the con d ition s o f their issue. C opies o f the circular m ay be ob ta in ed fro m any F ed era l R e serv e B an k or B ran ch. This Bank will receive tenders up to 1:30 p.m., Eastern Daylight Saving time, Tuesday, July 2, 1968, at the Securities Department of its Head Office and at its Buffalo Branch. Tender forms for the respective series are enclosed. Please use the appropriate forms to submit tenders and return them in a blue 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 on July 11, 1968, except that any qualified depositary may make payment by credit in its Treasury Tax 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. A lfred H ayes , President. No. TENDER FOR 256-DAY TA X ANTICIPATION TREASURY BILLS Due March 24, 1969 Dated July 11, 1968 To F ed eral R eserve B a n k of N e w Dated at........................ Y ork, Fiscal Agent of the United States. .........................., 1968 Pursuant to the provisions of Treasury Department Circular No. 418 (current revision) and to the provi sions of the public notice issued by the Treasury Department inviting tenders for the above-described Treasury bills, the undersigned hereby offers to purchase such Treasury bills in the amount indicated below, and agrees to make payment therefor at your Bank on or before the issue date at the price indicated below: COMPETITIVE TENDER I D° wt b°th Competitive and J | Noncompetitive tenders on one form J $ .......................................................... (maturity value), or any lesser amount that may be awarded. P r ic e :.....................................per 100. (Price must be expressed with not more than three decimal places, for example, 99925) NONCOMPETITIVE TENDER $ .......................................................... (maturity value). (Not to exceed $400,000 for one bidder through all sources) At the average price of accepted competitive bids. Subject to allotment, payment for these bills will be made at your Bank on July 11, 1968, by cash or other immediately available funds, or (in the case of a qualified depositary) by credit in Treasury Tax and Loan Account for Treasury bills allotted. W e hereby agree not to buy or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any bills of this issue at a specific rate or price, until after one-thirty p.m., Eastern Daylight Saving time, Tuesday, July 2, 1968. N a m e o f subscriber Insert this tender in blue envelope marked “ Tender for Treasury Bills— Tax Anticipation Series” — —J (Please print) B y ............................................... T itle ........................................... By (Official aignature(s) required) ...................... T i t l e ............ A d d r e s s ........................................................................................................................... (B a n k s subm itting tenders for cu stom er a ccou n t m ust indicate nam e on line b elow , or attach a list) (Name of customer) (Name of customer) (N o te . S u ccessfu l bidders w ill receive a letter o f in stru ction s fo rm with their allotm en t n otice to instruct us as to the disp osition o f, and m ethod o f paym ent for, the bills allotted to th em .) IN S T R U C T IO N S : 1. N o ten der fo r less than $1,000 w ill be con sidered, and each tender m ust be fo r an even m ultiple o f $1,000 (m a tu rity va lu e ). 2. O th ers than ban k in g institutions w ill not be perm itted to subm it tenders e xcep t for their ow n accou n t. Banks subm itting tenders fo r cu stom er a ccou n t m ay con solida te com petitive tenders at the same price and m ay con solid a te n on com p etitive tenders, p ro v id e d a list is attached sh ow in g the nam e o f each bidder, the am ou nt b id fo r his accou n t, and m eth od o f paym ent. F o rm s for this pu rpose will be furnished on request. 3. I f the person m ak in g the tender is a corp ora tion , the tender shou ld be sign ed b y an officer o f the corp ora tion authorized to m ake the tender, and the sign in g o f the tender b y an officer o f the co rp o ra tio n w ill be con stru ed as a representation b y him that he has been s o authorized. I f the tender is m ade b y a partnership, it shou ld b e sign ed b y a m em ber o f the firm , w h o should sign in the fo rm “ ................................................................................................... t a copartn ersh ip, by ................................................................................................................. a m em b er o f the firm .” 4. T e n d e rs w ill be receiv ed w ith ou t dep osit from in corp ora ted banks and trust com p a n ies and fro m resp on sib le and re co g n ize d dealers in in vestm ent securities. T en d ers from oth ers m ust be a ccom p a n ied b y p a ym en t o f 2 p ercen t o f the face a m ou n t o f T rea su ry bills applied for, unless the ten ders are a ccom p a n ied b y an ex p ress gu a ra n ty o f p a ym en t by an in corp ora ted bank or trust com p a n y . 5. If the language o f this ten der is ch a n ged in any respect, w hich, in the op in ion o f the S ecreta ry o f the T reasu ry is m aterial, the tender m ay be disregarded. No. TENDER FOR 285-DAY T A X ANTICIPATION TREASURY BILLS Dated July 11, 1968 To Due April 22, 1969 F ederal R eserve B a n k of N e w Y ork, Dated at Fiscal Agent of the United States. 1968 Pursuant to the provisions of Treasury Department Circular No. 418 (current revision) and to the provi sions of the public notice issued by the Treasury Department inviting tenders for the above-described Treasury bills, the undersigned hereby offers to purchase such Treasury bills in the amount indicated below, and agrees to make payment therefor at your Bank on or before the issue date at the price indicated below: C O M P E T IT IV E T E N D E R f not $ .......................................................... (maturity value), or any lesser amount that may be awarded. P r ic e :.....................................per 100. (Price must be expressed with not more than three decimal places, for example, 99J925) N O N C O M P E T IT IV E TEN D ER both Competitive and 1 I Noncompetitive tenders on one form 1 $ .......................................................... (maturity value). (Not to exceed $400,000 for one bidder through all sources) At the average price of accepted competitive bids. Subject to allotment, payment for these bills will be made at your Bank on July 11, 1968, by cash or other immediately available funds, or (in the case of a qualified depositary) by credit in Treasury Tax and Loan Account for Treasury bills allotted. W e hereby agree not to buy or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any bills of this issue at a specific rate or price, until after one-thirty p.m., Eastern Daylight Saving time, Tuesday, July 2, 1968. N am e o f subscriber Insert this tender in blue envelope marked “ Tender for Treasury Bills— Tax Anticipation Series’ (Please print) B y ................................ T itle By (Official signature(s) required) ...................... T i t l e ............ A d d re ss (B a n k s subm itting tenders for cu stom er a cco u n t m ust indicate nam e on line b elow , o r attach a list) (Name of customer) (Name of customer) (N o te . S u ccessfu l bidders w ill receive a letter o f in stru ction s fo rm with their allotm ent n otice to instruct us as to the d isp osition o f, and m eth od o f paym ent for, the bills allotted to th em .) IN S T R U C T IO N S : 1. N o ten der fo r less than $1,000 w ill be con sidered, and each tender m ust be fo r an even m ultiple o f $1,000 (m a tu rity va lu e ). 2. O th ers than bank in g institutions w ill n ot be perm itted to subm it tenders excep t for their ow n accou nt. B anks subm itting tenders fo r cu stom er a cco u n t m ay con solida te com petitive tenders at the same price and m ay con solidate n on com p etitiv e tenders, p ro v id e d a list is attached sh ow in g the nam e o f each bidder, the am ount bid for his accou nt, and m eth od o f paym ent. F o r m s fo r this pu rpose will be furn ished on request. 3. I f the person m ak in g the tender is a corp ora tion , the tender shou ld be signed b y an officer o f the corp ora tion authorized to m ake the tender, and the sign in g o f the ten der b y an officer o f the corp ora tion w ill be con stru ed as a representation b y him that he has been s o authorized. I f the tender is m ade b y a partnership, it should be signed b y a m em ber o f the firm , w h o shou ld sign in the fo rm “ .................................................................................................. t a copartnership by ................................................................................................................ . a m em ber o f the firm .” 4. T e n d e rs w ill be receiv ed w ith ou t d ep osit fro m in corp ora ted banks and trust com pan ies and from respon sible and re co g n ize d dealers in in vestm ent securities. T en d ers from oth ers m ust be a ccom p a n ied b y paym ent o f 2 percent o f the face am ou nt o f T re a s u ry bills applied for, unless the tenders are a ccom p a n ied b y an exp ress gu aranty o f paym ent by an in co rp o ra te d bank or trust com p a n y . 5. I f the language o f this ten der is ch a n ged in any respect, w hich, in the op in ion o f the S ecreta ry o f the T reasu ry is m aterial, the ten der m a y be disregarded. F ederal R eserve B a n k of New Y 1 ork NOTICE OF ALLOTMENT OF UNITED STATES OF AMERICA TAX ANTICIPATION TREASURY BILLS July 3, 1968 Your □ competitive Q noncompetitive tender for— UNITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARC H 24, 1969 - lias been accepted at the price of $ (per 100), in the amount of— (maturity value) Settlement therefor must be made in cash or other immediately available funds at the Federal Reserve Bank of New York on or before July 11, 1968. However, a qualified deposi tary may make settlement by credit to its Treasury Tax and Loan Account, provided the advice of deposit attached to the enclosed letter of instructions form is executed and returned immedi ately. If settlement is to be made by check on a bank other than the Federal Reserve Bank of New York, such checks should be received by us in time for collection on July 11, 1968; otherwise forfeiture of the prescribed deposit may be declared by the Secretary of the Treasury. On the enclosed letter of instructions form, please fill in instructions as to payment and dis position for the total amount of Treasury bills of this issue awarded to you, and return the letter immediately to our Government Bond Division. F e d e ra l R eserve B a n k o f N ew Y o rk Fiscal Agent of the United States Checked by P E N D IN G D E L IV E R Y T IC K E T FOR G O V E R N M E N T BOND DIVISIO N □ competitive □ noncompetitive UNITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARC H 24, 1969 price of $ PU R CH ASE PRICE M ASTER M A T U R IT Y V A L U E PU R C H A SE PRICE DISPOSITION Q Over the AMOUNT M ETH O D OF PAY M E N T C oiarster □ Check or Cash Q Safekeeping □ Ship □ Treasury Tax & Loan □ □ Allotment Transfer H Foreign Oper. Div. Reserve Account D Treas. T. & L. Acc. Delivery Teller [ j Form 12 2 ALLOTMENT NOTICE FOR SECURITIES D E P A R T M E N T □ competitive □ noncompetitive UNITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARC H 24, 1969 price of A L L O T M E N T N O T IC E F O R SE C U R IT Y FILES □ competitive □ noncompetitive UNITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARC H 24, 1969 price of F ederal R eserve B a n k op N ew Y 1 ork NOTICE OF ALLOTMENT O F U N I T E D STATES O F A M E R I C A T A X ANTICIPATION T R E A S U R Y BILLS July 3, 1968 Your Q competitive □ noncompetitive tender for— UNITED S T A T E S OF A M E R IC A 2 8 5 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE A PR IL 22, 1969 has been accepted at the price of $ (per 100), in the amount of— (maturity value) Settlement therefor must be made in cash or other immediately available funds at the Federal Reserve Bank of New York on or before July 11, 1968. However, a qualified deposi tary may make settlement by credit to its Treasury Tax and Loan Account, provided the advice of deposit attached to the enclosed letter of instructions form is executed and returned immedi ately. If settlement is to be made by check on a bank other than the Federal Reserve Bank of New York, such checks should be received by us in time for collection on July 11, 1968; otherwise forfeiture of the prescribed deposit may be declared by the Secretary of the Treasury. On the enclosed letter of instructions form, please fill in instructions as to payment and dis position for the total amount of Treasury bills of this issue awarded to you, and return the letter immediately to our Government Bond Division. F e d e ra l R eserve B a n k o f N ew Y o r k Fiscal Agent of the United States Cheeked by PE N D IN G D E L IV E R Y T IC K E T FOR G O V E R N M E N T BOND D IV ISIO N Q competitive □ noncompetitive UNITED S T A T E S OF A M E R IC A 2 8 5 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE APR IL 22, 1969 price of $ PU R CH ASE PRICE M ASTER M A T U R IT Y VALUE PU R C H A SE PRICE DISPOSITION 0 Over the Counter 0 Safekeeping 0 Ship 0 Treasury Tax & Loan 0 Allotment Transfer AM OUNT M ETH O D OF PAY M E N T 0 Check or Cash 0 Reserve Account 0 Treas. T. & L. Acc. 0 Delivery Teller 0 Foreign Oper. Div. 0 Form 12 2 A L L O T M E N T N O TIC E FO R SECURITIES D E P A R T M E N T □ competitive □ noncompetitive UNITED S T A T E S OF A M E R IC A 2 8 5 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE APR IL 22, 1969 price of $ 3 A L L O T M E N T N O T IC E F O R S E C U R IT Y FILES □ competitive □ noncompetitive UN ITED S T A T E S OF A M E R IC A 2 8 5 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE A PR IL 22, 1969 price of $ 4 (This letter of instructions, accompanied by attached duplicate and triplicate copies, should be filled in for the of Treasury bills of this issue awarded, and returned to Federal Reserve Bank of New York) to ta l am ount L E T T E R O F IN S T R U C T IO N S To F e d e r a l R e s e r v e B a n k o f N e w Y o r k , Fiscal Agent of the United States, Federal Reserve P. 0. Station, New York, N. Y. 10045 Attention: Government Bond Division— 2nd Floor Dated at..... 1968 On our competitive and noncompetitive tenders for— U N ITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARC H 24, 1969 accepted in the aggregate amount of- $ (maturity value) Please issue and make delivery of the bills as instructed below: Pieces Denomination $ P lease Do N o t U se T h is S pace Maturity Value 1,000 5,000 10,000 50,000 100,000 500,000 1 ,000,000 Total— ~j 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for account of member bank only)* □ 4. Hold as collateral for Treasury Tax and Loan Account* □ 5. Special instructions: Payment will be made as follows: $ .............. By cash or other immediately avail able funds $ .............. By charge to our reserve account $.............. By credit in Treasury Tax and Loan Account for which Advice of Deposit is submitted herewith (No changes in delivery instructions tvill ~be accepted) # If this item is checked, the undersigned certifies that the allotted bills w ill be ow ned solely by the undersigned. Submitted by This letter of instructions must be signed officially in the space provided and re turned immediately to (Please print) By (Authorized signature(s) required) B y ................... T i t l e ................................................................................... Federal Reserve Bank of New York, T i t l e ................... Fiscal A gent of the United States. A d d r e s s ............................................................................................................. (S p aces below are fo r the use o f Federal R eserve Bank o f New Y o rk ) — ..... Safekeeping Division Government Bond Division Chfvkod ........................................... Deliver against paymeiit of D E L IV E R Y R E C E IP T Received from Federal Reserve Bank of New York, Fiscal A gent of the United States, the above-described securities allotted iu the amount indicated above. B y. Subscriber. D ate. s’&r if payment is to be made by credit to Treasury Tax and Loan Account, an advice of the deposit should be furnished this Bank on the form below. Advice of Deposit in Treasury Tax and Loan Account To F e d e ra l R eserve B a n k o f N ew Y ork, Government Bond Division. W e will deposit on July 11, 1968 $ (purchase price) to the credit of the 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 in payment for $ (maturity value) 256-day tax anticipation Treasury bills, dated July 11, 1968, due March 24, 1969. (Name of Depositary) Address (City and State) (D U P L IC A T E F O R U S E O F F E D E R A L R E S E R V E B A N K OF N E W Y O R K ) DELIVERY TICKET— SAFEKEEPING DIVISION To F e d e r a l R e s e r v e B a n k o f N e w Y Fiscal Agent of the United States, Federal Reserve P. 0. Station, New York, N. Y. 10045 ork , Attention: Government Bond Division— 2nd Floor Dated at..... 1968 On our competitive and noncompetitive tenders for— UNITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARC H 24, 1969 accepted in the aggregate amount of— $ (maturity value) Please issue and make delivery of the bills as instructed below: Pieces Maturity Value Denomination $ P lease D o N ot U se T h is S pace 1,000 5,000 10,000 50,000 100,000 500,000 1,000,000 Total— j □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for account of member bank only)* □ 4. Hold as collateral for Treasury Tax and Loan Account* □ 5. Special instructions: Payment will be made as follows: able funds $.............. By charge to our reserve account $ .............. By credit in Treasury Tax and Loan Account for which Advice of Deposit is submitted herewith (N o changes in delivery instructions will be accepted) If this item is checked, the undersigned certifies that the allotted This letter of instructions must be signed officially in the space provided and re turned immediately to Federal Reserve Bank of New York, bills w ill be ow ned solely by the undersigned. Submitted by (Please print) By (Authorized signature(s) required) By ........................ Title T i t l e ................... Fiscal A gent of the United States. A d d r e s s ....................................................................................................... (S p aces below are fo r the u*e o f Federal R eserve Bank o f New Y o rk ) Government Bond Division Safekeeping Division Checked Delivered ................................ .................. D E L I V E R Y R E C E IP T Received from Federal Reserve Bank of New Y ork, F iscal A gen t o f the United States, the above-described securities allotted in the amount indicated above. (T R IP L IC A T E F O R U S E OF F E D E R A L R E S E R V E B A N K OF N E W Y O R K ) RELOCATION OFFICE—OUT To F e d e r a l R e s e rv e B a n k o f N e w Y o r k , Fiscal Agent of the United States, Federal Reserve P. 0. Station, New York, N. Y. 10045 Attention: Government Bond Division— 2nd Floor Dated at..... 1968 On our competitive and noncompetitive tenders for— UNITED S T A T E S OF A M E R IC A 2 5 6 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE M ARCH 24, 1969 accepted in the aggregate amount of— $ (maturity value) Please issue and make delivery of the bills as instructed below Pieces Denomination $ Please Do Not Use This Space M aturity Value 1,000 5,000 10,000 50,000 100,000 500,000 1,000,000 Total— □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for account of member bank only)* □ 4. Hold as collateral for Treasury Tax and Loan Account* □ 5. Special instructions: Payment will be made as follows: able funds $ .............. By credit in Treasury Tax and Loan Account for which Advice of Deposit is submitted herewith (No changes in delivery instructions will be accepted) # If this item is check ed, the undersigned certifies that the allotted This letter of instructions must be signed Submitted by officially in the space provided and returned immediately to ^ Federal Reserve Bank of New York, bills w ill be ow ned solely by the undersigned. (P le a se p rint) By (A u th o r iz e d sig n a tu r e (s ) requ ired) ......................................................................... Title Fiscal A gent of the United States. A d d re s s................................................................................................ (S p aces below are fo r the use o f Federal R eserve Bank o f New Y o rk ) Government Bond Division Safekeeping Division Checked Delivered .. ................. D E L IV E R Y R E C E IP T Received from Federal Reserve Bank of New York, Fiscal A gent of the United States, the above-described securities allotted in the amount indicated above. (This letter of instructions, accompanied by attached duplicate and triplicate copies, should be filled in for the Treasury bills of this issue awarded, and returned to Federal Reserve Bank of New York) to ta l am ount of LETTER OF INSTRUCTIONS To F e d e r a l R e s e r v e B a n k o f N e w Y o r k , Fiscal Agent of the United States, Federal Reserve P. 0. Station, New York, N. Y. 10045 Attention: Government Bond Division— 2nd Floor Dated at..... 1968 On our competitive and noncompetitive tenders for— UNITED STATES OF AMERICA 285-DAY TAX ANTICIPATION TREASURY BILLS DATED JULY 11, 1968, DUE APRIL 22, 1969 accepted in the aggregate amount of— $ (maturity value) Please issue and make delivery of the bills as instructed below: Pieces Denomination $ Maturity Value P lease Do N ot U se T h is S pace 1,000 5,000 10,000 50,000 100,000 500,000 1,000,000 Total— □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for account of member bank only)* □ 4. Hold as collateral for Treasury Tax and Loan Account* □ 5. Special instructions: Payment will be made as follows: able funds $.............. By credit in Treasury Tax and Loan Account for which Advice of Deposit is submitted herewith (N o changes in delivery instructions will be accepted) # If this item is check ed, the undersigned certifies that the allotted This letter of instructions must be signed Submitted by officially in the space provided and returned immediately to By . Federal Reserve Bank of New York, Title bills w ill be ow ned solely by the undersigned. (Please print) By (A uthorized signature(s) required) ........................ T i t l e ................... Fiscal A gent of the United States. A d d r e s s ............................................................................................................. (S p aces below are fo r the use o f Federal Reserve Bank o f New Y o rk ) Safekeeping Division Government Bond Division D E L I V E R Y R E C E IP T Received from Federal Reserve Bank of New York, Fiscal Agent of the United States, the above-described securities allotted in the amount indicated above. D ate. Subscriber. ...................................................................................... B y ...................................................................................................... B«r if payment is to be made by credit to Treasury Tax and Loan Account, an advice of the deposit should be furnished this Bank on the form below. Advice of Deposit in Treasury Tax and Loan Account To F e d e ra l Reserve B an k o f N ew Y ork , Government Bond Division. W e will deposit on July 11, 1968 $ (purchase price) to the credit of the 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 in payment for $ (maturity value) 285-day tax anticipation Treasury bills, dated July 11, 1968, due April 22, 1969. (Name of Depositary) Address (City and State) (D U P L IC A T E F O R U S E O P F E D E R A L R E S E R V E B A N K OF N E W Y O R K ) DELIVERY TICKET—SAFEKEEPING DIVISION To F e d e r a l R e s e r v e B a n k o f N e w Y o r k , Fiscal Agent of the United States, Federal Reserve P. 0. Station, New York, N. Y. 10045 Attention: Government Bond Division— 2nd Floor Dated at..... 1968 On our competitive and noncompetitive tenders for— UNITED S T A T E S OF A M E R IC A 2 8 5 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE A PR IL 22, 1969 accepted in the aggregate amount of— (maturity value) $ Please issue and make delivery of the bills as instructed below Denomination Pieces $ P l e a s e Do N o t U s e T h i s S p a c e Maturity Value 1,000 5,000 10,000 50,000 100,000 500,000 1 ,000,000 Total— □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for account of member bank only)* □ 4. Hold as collateral for Treasury Tax and Loan Account4 □ 5. Special instructions: Payment will be made as follows: $ .............. By cash or other immediately avail able funds $.............. By charge to our reserve account By credit in Treasury Tax and Loan Account for which Advice of Deposit is submitted herewith (N o changes in delivery instructions will be a ccepted ) If this item is checked, the undersigned certiB e. that the .llo t te d This letter of instructions must be signed officially in the space provided and returned immediately to h ill, w ill be ow ned . .l e l y by the undersigned. Submitted b y .................................................................................. 1 a pnnt) Bj ................................................ (Authorized signature(s) required) T i t l e ................... Federal Reserve Bank of New York, Fiscal A gent of the United States. Title....................................... Address (S p aces below are fo r the use o f Federal Reserve Bank o f New Y o rk ) — Safekeeping Division Government Bond Division —---------------- D E L I V E R Y R E C E IP T Received from Federal Reserve Bank of New York, Fiscal A gent o f the United States, the above-described securities allotted in the amount indicated above. D ate. Subscriber. ..................................................................................... B y ............................... ....................................................................... (T R IP L IC A T E F O R U S E OF F E D E R A L R E S E R V E B A N K OF N E W Y O R K ) RELOCATION OFFICE— OUT To F e d e r a l R e se r v e B a n k op N e w Y o r k , Fiscal Agent of the United States, Federal Reserve P. 0 . Station, New York, N. Y . 10045 Attention: Government Bond Division— 2nd Floor Dated a t ............. 1968 On our competitive and noncompetitive tenders for— UNITED S T A T E S OF A M E R IC A 2 8 5 -D A Y T A X A N T IC IP A T IO N T R E A S U R Y BILLS D A T E D JULY 11, 1968, DUE A PR IL 22, 1969 accepted in the aggregate amount of— $ (maturity value) Please issue and make delivery of the bills as instructed below Pieces Denomination $ P lease Do N ot U se T h is S pace Maturity Value 1,000 5,000 10,000 50,000 100,000 500,000 1,000,000 Total— □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for account of member bank only)* □ 4. Hold as collateral for Treasury Tax and Loan Account* □ 5. Special instructions: Payment will be made as follows: By cash or other immediately avail able funds By charge to our reserve account By credit in Treasury Tax and Loan Account for which Advice of Deposit is submitted herewith (No changes in delivery instructions will be accepted) & If this item is checked, the undersigned certifies that the allotted This letter of instructions must be signed officially in the space provided and re turned immediately to Federal Reserve Bank of New York, bills w ill be ow ned solely by the undersigned. Submitted by B y ................... (Please print) .................... . B y ..................... (Authorized signature(s) required) Title T i t l e ................. Fiscal A gent of the United States. A d d r e s s ............................................................................................................. (S p aces below are fo r the use o f Federal R eserve Bank o f New Y o rk ) Government Bond Division Safekeeping Division Checked ....................... Delivered .................. D E L I V E R Y R E C E IP T Received from Federal Reserve Bank of New York, Fiscal A gent of the United States, the above-described securities allotted in the amount indicated above. Digitized Date.for FRASER Subscriber. By.
@FedFRASER