The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States T Circular No. 7 1 9 4 ~l L July 26, 1973 J AUCTION OF NOTES AND BONDS 7^4 Percent Treasury Notes of Series B-1977 7 /4 Percent Treasury Bonds of 1988-93 To A ll Banking In stitution s, and Others Concerned, in the Second Federal R eserve D istrict: Following is the text of the details of the Treasury’s note and bond auctions announced in our Circular No. 7193, dated July 25, 1973: The notes and bonds to be auctioned to the public by the Treasury to provide funds for refunding part of the $4.7 billion of publicly held notes and bonds maturing on August 15 will b e : Up to $2.0 billion of an additional amount of 7 % % Treasury Notes of Series B-1977, dated August 15, 1970, due August 15, 1977, (CUSIP No. 912827 BS8) with interest payable on February 15 and August 15, and Up to $500 million of i y 2% Treasury Bona^ - j X - L i / y ’ v 3, dated August 15, 1973, due August 15, 1993, callable at the option of the United States on any interest payment date on and after August 15, 1988 (CUSIP No. 912810 BQ0) with interest payable on February 15 and August 15. Additional amounts of the notes and bonds will be allotted to Government accounts and the Federal Reserve Banks in exchange for their holdings of the maturing securities, which total $1.0 billion. The notes and bonds will be issued in registered and bearer form in denominations of $1,000, $5,000, *10,000, $100,000 and $1,000,000. Tenders for the notes will be received up to 1 :30 p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973, and tenders for the bonds will be received up to 1:30 p.m., Eastern Daylight Saving time, Wednesday, August 1, 1973, at any Federal Reserve Bank or Branch and at the Office of the Treasurer of the United States, Washington, D.C. 20222; provided, however, that noncompetitive tenders will be considered timely received if they are mailed to any such agency under a postmark no later than July 30 for the notes and July 31 for the bonds. Each tender must be in the amount of $1,000 or a multiple thereof, and must state the price offered, if it is a competitive tender, or the term “ noncompetitive” , if it is a noncompetitive tender. The price on competitive tenders for the notes must be expressed on the basis of 100, with two decimals, e.g., 100.00. Tenders at a price less than 99.01 for the notes will not be accepted. Tenders at the highest prices will be accepted to the extent required to attain the amount offered. Successful competitive bidders for the notes will be required to pay for the notes at the price they bid. Non competitive bidders will be required to pay the average price of all accepted competitive tenders. The price on competitive tenders for the bonds must be expressed on the basis of 100, with two decimals in a multiple of .05, e.g., 100.10, 100.05, 100.00, 99.95, etc. Tenders at the highest prices will be accepted to the extent required to attain the amount offered. All accepted tenders for the bonds will be awarded at the price of the lowest accepted bid. No tenders will be accepted which result in original issue discount for tax purposes. Fractions may not be used in tenders. The notation “ TENDER FOR TREASU RY N O TE S” or “ TENDER FOR TREASU RY BO N D S” should be printed at the bottom of the envelopes in which the tenders are submitted. 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. Subject to these reservations noncompetitive tenders for $500,000 or less for the notes will be accepted in full at the average price of accepted competitive tenders and noncompetitive tenders for $250,000 or less for the bonds will be accepted in full at the same price as accepted competitive tenders. The prices may be 100.00, or more or less than 100.00. Commercial banks, which for this purpose are defined as banks accepting demand deposits, may submit tenders for account of customers provided the names of the customers are set forth in such tenders. Others than commercial banks will not be permitted to submit tenders except for their own account. Tenders will be received without deposit from commercial and other banks for their own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, Federal Reserve Banks, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of securities applied for. Payment for accepted tenders must be completed on or before Wednesday, August 15, 1973, at the Federal Reserve Bank or Branch or at the Office of the Treasurer of the United States in cash, 8 % % Treasury Notes of Series B-1973 or 4% Treasury Bonds of 1973, which will be accepted at par, or other funds immediately available to the Treasury by that date. Where full payment is not com pleted in funds available by the payment date, the allotment will be canceled and the deposit with the tender up to 5 percent of the amount of securities allotted will be subject to forfeiture to the United States. The Treasury will construe as timely payment any check drawn to the order of the Federal Reserve Bank or the Treasurer of the United States that is received at such bank or office by Friday, August 10, 1973, provided the check is drawn on a bank in the Federal Reserve District of the bank or office to which the tender is submitted. Other checks will constitute payment only if they are fully and finally collected by the payment date, Wednesday, August 15, 1973. Checks not so collected will subject the investor’s deposit to forfeiture as set forth in the preceding paragraph. A check payable other than at a Federal Reserve Bank received on the payment date will not constitute immediately available funds on that date. Commercial banks are prohibited from making unsecured loans, or loans collateralized in whole or in part by the securities bid for, to cover the deposits required to be paid when tenders are entered, and they will be required to make the usual certification to that effect. Other lenders are requested to refrain from making such loans. All bidders are required to agree not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of the securities bid for under this offering at a specific rate or price, until after 1 :30 p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973, in the case of the notes, and until after 1 :30 p.m., Eastern Daylight Saving time, Wednesday, August 1, 1973, in the case of the bonds. The terms of these offerings are set forth in Treasury Department Circulars Nos. 5-73 and 6-73, Public Debt Series, copies of which are printed on the following pages. This Bank will receive tenders for the notes up to 1 :30 p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973, and, for the bonds, up to 1 :30 p.m., Eastern Daylight Saving time, Wednesday, August 1, 1973, at the Securities Department o f its Head Office and at its Buffalo Branch, except that noncompetitive tenders mailed to this Bank or its Branch postmarked no later than July 30, for the notes, and July 31, for the bonds, will be considered timely. Please use the enclosed tender form s to submit tenders, and return them in the appropriate enclosed envelope, marked “ Tender for Treasury N otes” or “ Tender for Treasury Bonds.” Tenders not requiring a deposit may be submitted by telegraph, subject to written confirmation; no tenders may be submitted by telephone. Settlement for accepted tenders may be made in cash or other immedi ately available funds. A lfred H ayes, P resident. 2 UNITED STATES OF AMERICA 7% PERCENT TREASURY NOTES OF SERIES R-1977 Dated August 15, 1970, with interest from August 15, 1973 Due August 15, 1977 TH E D E PA R T M E N T OF TH E TR E A SU R Y , Office of the Secretary, Washington, July 26,1973. DEPARTMENT CIRCULAR Public Debt Series — No. 5-73 I. “ 3. The notes will be acceptable to secure de posits of public moneys. They will not be acceptable in payment of taxes. OFFERING OF NOTES The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites tenders at a price not less than 99.01 percent of their face value for $2,000,000,000, or there abouts, of notes of the United States designated 7% percent Treasury Notes of Series B-1977. An ad ditional amount of the notes will be allotted by the Secretary of the Treasury to Government accounts and Federal Reserve Banks at the average price of accepted tenders in exchange for Treasury notes and bonds maturing August 15, 1973. Tenders will be received up to 1 :30 p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973, under competitive and noncompetitive bidding, as set forth in Section III hereof. The 8% percent Treasury Notes of Series B-1973 and 4 percent Treasury Bonds of 1973, matur ing August 15, 1973, will be accepted at par in pay ment, in whole or in part, to the extent tenders are allotted by the Treasury. II. “ 4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denominations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision will be made for the interchange of notes of different de nominations and of coupon and registered notes, and for the transfer of registered notes, under rules and regulations prescribed by the Secretary of the Treasury. “ 5. The notes will be subject to the general reg ulations of the Treasury Department, now or here after prescribed, governing United States notes.” III. 1. Tenders will be received at Federal Reserve Banks and Branches and at the Office of the Treasurer of the United States, Washington, D. C. 20222, up to the closing hour, 1 :30 p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973. Each tender must state the face amount of notes bid for, which must be $1,000 or a multiple thereof, and the price offered, except that in the case of noncompetitive tenders the term “ noncompetitive” should be used in lieu of a price. In the case of competitive tenders, the price must be expressed on the basis of 100, with two decimals, e.g., 100.00. Tenders at a price less than 99.01 will not be accepted. Fractions may not be used. Noncompetitive tenders from any one bidder may not exceed $500,000. DESCRIPTION OF NOTES 1. The notes now offered will be identical in all respects with the 7% percent Treasury Notes of Series B-1977 issued pursuant to Department Circu lar, Public Debt Series — No. 8-70, dated July 30, 1970, except that interest will accrue from August 15, 1973. With this exception the notes are described in the following quotation from Department Circular No. 8-70: “ 1. The notes will be dated August 15, 1970, and will bear interest from that date at the rate of 7% percent per annum, payable semiannually on February 15 and August 15 in each year until the principal amount becomes payable. They will ma ture August 15, 1977, and will not be subject to call for redemption prior to maturity. 2. Commercial banks, which for this purpose are defined as banks accepting demand deposits, may sub mit tenders for account of customers provided the names of the customers are set forth in such tenders. Others than commercial banks will not be permitted to submit tenders except for their own account. Ten ders will be received without deposit from banking institutions for their own account, Federally-insured savings and loan associations, States, political sub divisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds mem bership, foreign central banks and foreign States, dealers who make primary markets in Government “ 2. The income derived from the notes is sub ject to all taxes imposed under the Internal Rev enue Code of 1954. The notes are subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but are exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of the posses sions of the United States, or by any local taxing authority. TENDERS AND ALLOTMENTS 3 with the tender up to 5 percent of the amount of notes allotted shall, upon declaration made by the Secretary of the Treasury in his discretion, be forfeited to the United States. When payment is made with securities, a cash adjustment will be made to or required of the bidder for any difference between the face amount of securities submitted and the amount payable on the notes allotted. securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment (in cash or the securities referred to in Section I, which will be accepted at par) of 5 percent of the face amount of notes applied for. 3. Immediately after the closing hour tenders will be opened, following which public announcement will be made by The Department of the Treasury of the amount and price range of accepted bids. Those sub mitting tenders will be advised of the acceptance or rejection thereof. In considering the acceptance of tenders, those at the highest prices will be accepted to the extent required to attain the amount offered. Ten ders at the lowest accepted price will be prorated if necessary. The Secretary of the Treasury expressly reserves the right to accept or reject any or all ten ders, in whole or in part, including the right to ac cept less than $2,000,000,000 of tenders, and his action in any such respect shall be final. Subject to these reservations, noncompetitive tenders for $500,000 or less without stated price from any one bidder will be accepted in full at the average price* (in two decimals) of accepted competitive tenders. V. 1. Registered securities tendered as deposits and in payment for notes allotted hereunder are not required to be assigned if the notes are to be registered in the same names and forms as appear in the registrations or assignments of 'the securities surrendered. Specific instructions for the issuance and delivery of the notes, signed by the owner or his authorized representative, must accompany the securities presented. Otherwise, the securities should be assigned by the registered payees or assignees thereof in accordance with the gen eral regulations governing United States securities, as hereinafter set forth. Notes to be registered in names and forms different from those in the inscriptions or assignments of the securities presented should be as signed to “ The Secretary of the Treasury for 7% percent Treasury Notes of Series B-1977 in the name of (name and taxpayer identifying num ber).” If notes in coupon form are desired, the assignment should be to “ The Secretary of the Treasury for 7% percent coupon Treasury Notes for Series B-1977 to be delivered to ............................................................ ” Securities tendered in payment should be surrendered to the Federal Reserve Bank or Branch or to the Office !of the Treasurer of the United States, Securities Division, Washington, D. C. 20222. The securities must be delivered at the expense and risk of the holder. 4. All bidders are required to agree not to pur chase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any notes of this issue at a specific rate or price, until after 1 :30 p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973. 5. Commercial banks in submitting tenders will be required to certify that they have no beneficial interest in any of the tenders they enter for the account of their customers, and that their customers have no beneficial interest in the banks’ tenders for their own account. IV. VI. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federa Reserve Banks are authorized and requested to receiv( tenders, to make such allotments as may be pre scribed by the Secretary of the Treasury, to issue sucl notices as may be necessary, to receive payment foi and make delivery of notes on full-paid tenders allotted, and they may issue interim receipts pending delivery of the definitive notes. PAYMENT 1. Settlement for accepted tenders in accordance with the bids must be made or completed on or before August 15, 1973, at the Federal Reserve Bank or Branch or at the Office of the Treasurer of the United States, Washington, D. C. 20222, in cash, securities referred to in Section I (interest coupons dated A ug ust 15, 1973, should be detached) or other funds im mediately available by that date. Payment will not be deemed to have been completed where registered notes are requested if the appropriate identifying num ber as required on tax returns and other documents submitted to the Internal Revenue Service (an indi vidual ’s social security number or an employer identi fication number) is not furnished. In every case where full payment is not completed, the payment 2. The Secretary of the Treasury may at any time or from time to time, prescribe supplemental or amen datory rules and regulations governing the offering which will be communicated promptly to the Federa Reserve Banks. GEORGE P. SHULTZ Secretary of the Treasury • Average price may be at, or more or less than 100.00. ASSIGNMENT OF REGISTERED SECURITIES 4 UNITED STATES OF AMERICA 1 ¥> PERCENT TREASURY RONDS OF 1988-93 Dated and bearing interest from August 15, 1973 Due August 15, 1993 Redeemable at the option of the United States at par and accrued interest on and after August 15, 1988 TH E D E PA R T M E N T OF TH E TR E A SU R Y , Office of the Secretary, Washington, July 26, 1973. DEPARTMENT CIRCULAR Public Debt Series — No 6-73 I. State, or any of the possessions of the United States, or by any local taxing authority. OFFERING OF BONDS 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amend ed, invites tenders for $500,000,000, or thereabouts, of bonds of the United States, designated I 1/? percent Treasury Bonds of 1988-93. An additional amount of the bonds may be allotted by the Secretary of the Treasury to Government accounts and Federal Reserve Banks in exchange for Treasury notes and bonds maturing August 15, 1973. Tenders on a competitive or noncompetitive basis will be received up to 1 :30 p.m., Eastern Daylight Saving time, Wednesday, August 1, 1973. The price for the bonds will be established as set forth in Section III hereof. The 8% percent Treasury Notes of Series B-1973 and 4 percent Treasury Bonds of 1973 maturing August 15, 1973, will be accepted at par in payment, in whole or in part, to the extent tenders are allotted by the Treasury. II. 3. The bonds will be acceptable to secure deposits of public moneys. They will not be acceptable in pay ment of taxes. 4. Bearer bonds with interest coupons attached, and bonds registered as to principal and interest, will be issued in denominations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision will be made for the interchange of bonds of different denominations and of coupon and registered bonds, and for the trans fer of registered bonds, under rules and regulations prescribed by the Secretary of the Treasury. 5. The bonds will be subject to the general regula tions of The Department of the Treasury, now or here after prescribed, governing United States bonds. III. 1. Tenders will be received at Federal Reserve Banks and Branches and at the Office of the Treasurer of the United States, Washington, D. C. 20222, up to the closing hour, 1 :30 p.m., Eastern Daylight Saving time, Wednesday, August 1, 1973. Each tender must state the face amount of bonds bid for, which must be $1,000 or a multiple thereof, and the price offered, except that in the case of noncompetitive tenders the term “ noncompetitive” should be used in lieu of a price. In the case of competitive tenders, the price must be expressed on the basis of 100, with two deci mals in a multiple of .05, e.g., 100.10, 100.05, 100.00, 99.95, etc. Fractions may not be used. DESCRIPTION OF BONDS 1. The bonds will be dated August 15, 1973, and will bear interest from that date at the rate of 71/*? percent per annum, payable semiannually on February 15 and August 15 in each year until the principal amount becomes payable. They will mature August 15, 1993, but may be redeemed at the option of the United States on and after August 15, 1988, in whole or in part, at par and accrued interest on any interest day or days, on 4 months’ notice of redemption given in such manner as the Secretary of the Treasury shall prescribe. In case of partial redemption, the bonds to be redeemed will be determined by such method as may be prescribed by the Secretary of the Treasury. From the date of redemption designated in any such notice, interest on the bonds called for re demption shall cease. 2. Commercial banks, which for this purpose are defined as banks accepting demand deposits, may sub mit tenders for account of customers provided the names of the customers are set forth in such tenders. Others than commercial banks will not be* permitted to submit tenders except for their own account. Ten ders will be received without deposit from banking institutions for their own account, Federally-insured savings and loan associations, States, political sub divisions or instrumentalities thereof, public pension and retirement and other public funds, international 2. The income derived from the bonds is subject to all taxes imposed under the Internal Revenue Code of 1954. The bonds are subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but are exempt from all taxation now or hereafter im posed on the principal or interest thereof by any TENDERS AND ALLOTMENTS 5 organizations in which the United States holds mem bership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment (in cash or the securities referred to in Section I which will be accepted at par) of 5 percent of the face amount of bonds applied for. payment with the tender up to 5 percent of the amount of bonds allotted shall, upon declaration made by the Secretary of the Treasury in his discretion, be forfeited to the United States. When payment is made with securities, a cash adjustment will be made to or required of the bidder for any difference be tween the face amount of securities submitted and the amount payable on the bonds allotted. 3. In considering the acceptance of tenders, those at the highest prices will be accepted in full to the extent required to attain the amount offered; pro vided, however, that tenders at the lowest of such accepted prices will be prorated if necessary. All tenders so accepted will be allotted at the price of the lowest accepted tender. Those submitting tenders will be advised of the acceptance, and awarded price, or the rejection of their bids. The Secretary of the Treasury expressly reserves the right to accept or reject any or all tenders, in whole or in part, includ ing the right to accept less than $500 million of ten ders, and his action in any such respect shall be final. Subject to these reservations noncompetitive tenders for $250,000 or less will be accepted in full at the same price as accepted competitive tenders. The price may be 100.00, or more or less than 100.00. 1. Registered securities tendered as deposits and in payment for bonds allotted hereunder are not re quired to be assigned if the bonds are to be registered in the same names and forms as appear in the regis trations or assignments of the securities surrendered. Specific instructions for the issuance and delivery of the bonds, signed by the owner or his authorized rep resentative, must accompany the securities presented. Otherwise, the securities should be assigned by the registered payees or assignees thereof in accordance with the general regulations governing United States securities, as hereinafter set forth. Bonds to be regis tered in names and forms different from those in the inscriptions or assignments of the securities presented should be assigned to ‘ ‘ The Secretary of the Treasury for percent Treasury Bonds of 1988-93 in the name of (name and taxpayer identifying num ber).” If bonds in coupon form are desired, the assignment should be to “ The Secretary of the Treasury for 7% percent coupon Treasury Bonds of 1988-93 to be delivered to ................................................” Securities tendered in payment should be surrendered to the Federal Reserve Bank or Branch or to the Office of the Treasurer of the United States, Securities Divi sion, Washington, D. C. 20222. The securities must be delivered at the expense and risk of the holder. V. 4. All bidders are required to agree not to pur chase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any bonds of this issue at a specific rate or price, until after 1 :30 p.m., Eastern Daylight Saving time, Wednesday, August 1, 1973. 5. Commercial banks in submitting tenders will be required to certify that they have no beneficial interest in any of the tenders they enter for the account of their customers, and that their customers have no beneficial interest in the banks’ tenders for their pwn account. IV. VI. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive tenders, to make such allotments as may be prescribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive payment for and make delivery of bonds on full-paid tenders allotted, and they may issue interim receipts pending delivery of the definitive bonds. PAYMENT 1. Payment for accepted tenders must be made or completed on or before August 15, 1973, at the Federal Reserve Bank or Branch or at the Office of the Treas urer of the United States, Washington, D. C. 20222, in cash, securities referred to in Section I (interest coupons dated August 15, 1973, should be detached) or other funds immediately available by that date. Pay ment will not be deemed to have been completed where registered bonds are requested if the appropriate identifying number as required on tax returns and other documents submitted to the Internal Revenue Service (an individual’s social security number or an employer identification number) is not furnished. In every case where full payment is not completed, the ASSIGNMENT OF REGISTERED SECURITIES 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offer ing, which will be communicated promptly to the Fed eral Reserve Banks. GEORGE P. SHULTZ, Secretary of the Treasury. 6 IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Tuesday, July 31, 1973. TENDER FOR 7% PERCENT TREASURY NOTES OF SERIES B-1977 ADDITIONAL AMOUNT Dated August 15, 1970, With Interest From August 15, 1973, Due August 15, 1977 Dated a t ...................................... F e d e r a l R e serv e B a n k o f N e w Y ork , Fiscal Agent o f the United States, New Y ork , N . Y. 10045 1973 Pursuant to the provisions of Treasury Department Circular No. 5-73, Public Debt Series, dated July 26, 1973, the undersigned hereby offers to purchase United States of America 7% percent Treasury Notes of Series B-1977 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 D o not fill in both C om petitive and N on com p etitive tenders on on e form $ ...................................................... (maturity value), or any lesser amount that may be awarded. NONCOMPETITIVE TENDER $ ...................................................... ( maturity value) ( N ot to ex cee d $500,000 for one bidder through all sou rces) at the average price of accepted competitive bids. Price: ..........per 100 (minimum of 99.01) ( Price must b e expressed with not m ore than tw o decim al places, for exam ple, 1 00.00.) Subject to allotment, please issue, deliver, and accept payment for the notes as indicated below and on the reverse side ( if registered notes are desired, please also complete schedule on reverse side): Pieces Denomination $ 1,000 5,000 10,000 Maturity value Deliver over the counter to the undersigned □ 1. □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for ac count o f member bank only)* □ 4. □ 5. Special instructions: 100,000 Payment will be made as follows: □ By charge to our account on your books □ By cash or check in im m ediately available funds on delivery □ By surrender of maturing se curities listed in Section I of official offering circular Hold as collateral for Treasury Tax and Loan Account0 1,000,000 Totals ( N o changes in delivery instructions will b e a ccep ted ) ° The undersigned certifies that the allotted notes will be owned solely by the undersigned. 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 notes of this issue at a specific rate or price, until after one-thirty p.m., Eastern Daylight Saving time, Tuesday, July 31, 1973. (I f a commercial bank is subscribing for its own account or for account of customers, the following certifications are made a part of this tender.) W e H e r e b y C e r t i f y that we have received tenders from our customers in the amounts set opposite the customers’ names on the list which is made a part of this tender; that there has been paid to us by each such customer as required by the official offering circular, not subject to withdrawal until after allotment, not less than 5 percent of the amount bid for; that we have not made unsecured loans, or loans collateralized in whole or in part by the notes bid for, to supply the amounts of such payments to any of such customers; that we have no beneficial interest in the tenders of such customers; and that none of our customers has any beneficial interest in the amount bid for our own account. W e F u r t h e r C e r t i f y that tenders received by us, if any, from other commercial banks for their own account and for the account of their customers have been entered with us under the same conditions, agree ments, and certifications as set forth in this form. (Name of subscriber — please print or type) Insert this tender in special envelope marked “Tender for Treasury Notes'’ (Address — please print or type) FDIC No. (if bank) (Tel. No.) (Signature of subscriber or authorized signature) (Title of authorized signer) IMPORTANT — Banks submitting tenders for customer account must indicate names, FDIC numbers of banks listed, and amounts desired by each, on a separate list attached hereto. IN S T R U C T IO N S : 1. value). No tender for less than SI,000 will be considered and each tender must be for an even multiple of $1,000 (maturity 2. Others than commercial banks will not be permitted to submit tenders except for their own account. Banks submitting tenders for customer account may consolidate competitive tenders at th e sam e price and may consolidate noncompetitive tenders, provided a list is attached showing the name of each bidder, the amount bid for his account, and method of payment. 3. If the person making the tender is a corporation, the tender should be signed by an officer of the corporation author ized 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, b y ................................ .................................................. . a member of the firm.” 4. Tenders will be received without deposit from commercial and other banks for their own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of securities applied for. All checks must be drawn to the order of the Federal Reserve Bank of New York; checks endorsed to this Bank will not be accepted. 5. 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. SUBSCRIPTION NO. SC H ED U LE FOR ISSU E OF R E G IS T E R E D 73/4 PER C EN T TR E A S U R Y N O TES OF SER IES B-1977 DELI VERY INSTRUCTIONS S U B S C R IB E R FOR FRB USE ONLY 1 j D E L IV E R O VER T H E C O U N T E R | I S H IP T O S U B S C R IB E R T R A N S . A C C O U N T IN G D A T E S I G N A T U R E __ Q O T H E R CO IS S U E ADDRESS A G E N T 12 IN T E R E S T CO M P. DATE NO. I N S T R U C T I O N S P IE C E S ■ N AM E(S) OF 32 DENOM. AMOUNT SERIAL NOS. (LEAVE BLANK) H 8 1 1 0 -0 1 r-t- a FOR FRB USE a> 3 3" X O N L Y 1.000 < CD a. CD P SO o o 34 Z IP N AM E(S) 38 100.000 42 1,000,000 99 TOTAL 30 1 ,0 0 0 32 5.000 Z H TO 5L o o c Z c 2 cr 13 CD 3 C A S E NO. CD •f •-d <d c/ j 34 ID O R S.S . N O . ADDRESS H 10.000 38 100,000 42 1 ,000,000 Z IP 99 TOTAL s § CO P 30 1 .0 0 0 32 5.0 0 0 34 10.000 38 100,000 4? 1,000,000 I D O R S.S. N O . ADDRESS N AM E(S) I D O R S.S. N O . ADDRESS Z IP 99 »-> r.n TR I D O R S .S . N O . Z IP cl P Vi P i- i-> n O pr-t- r-t- o T R . .C A SE NO. I-! £L 34 10,000 <D 38 100,000 42 1 ,0 0 0,00 0 99 TOTAL T R . C A S E NO. LiJ.L : :100.000 99 TOTAL v> IO H T R . CASE NO. □ □ 0 TO__ CD £ CD P ► O ^ 3 QTQ H H 8° £ o 5- l-h> CD 3 P £ I-» ST1 i-l cd a *-» S a CDa S' T O -i c P- OQ O CD o 1-1 tr1 p > ^ £3 -■»« O O o « 1 ,0 0 0 1 ,000,000 □ CL 5 ,000 42 □ CL 32 38 ADDRESS □ O o*i o 34 U ffi Offi Offi a CD 1 .0 0 0 32 M C A S E NO. 30 30 NAM E(S) TOTAL tft ► h * CD CD Z IP o 00 O □ N AM E(S) £f> g ss OO > TO C o <?+. a> TR TO -Q C p ID O R S.S . N O . O W H O" o cT 5 .000 hj CD •1 ADDRESS 05 □ □ □ TS w v a TO o cd n> o °!3. if Vi' 3 LOAN CODE Z IP R E G I S T R A T I O N tO H IN S T R U C T IO N S : C a" CO O s. cr CD TO 5‘ 3 C«3 P ? P. § £ ^•—** pr-t- ct> o S3 O ►Q C <d M U C+ CD 6 - a- SL o 3 IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Wednesday, August 1, 1973. T E N D E R FO R 7 % PE RC EN T TREASURY BONDS O F 1988-93 Dated August 15, 1973 F e d e r a l R eserve B an k o f Due August 15, 1993 N e w Y ork, Dated at Fiscal Agent of the United States, New York, N. Y. 10045 1973 Pursuant to the provisions of Treasury Department Circular No. 6-73, Public Debt Series, dated July 26, 1973, the undersigned hereby offers to purchase United States of America I V z percent Treasury Bonds of 1988-93 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 Do not fill in both Competitive and Noncompetitive tenders on one form N O N C O M P E T IT IV E T E N D E R $ ...................................................... (maturity value), or any lesser amount that may be awarded. $ ........................................................ ( maturity value) P r ic e :..........................per 100 at the same price as accepted competitive bids. ( N ot to ex cee d $250,000 for on e bidder through all sou rces) (P rice must b e expressed with not m ore than two decim al places and in a m ultiple o f .05, for exam ple, 100.10, 100.05, 100.00, 99.95, e tc .) Subject to allotment, please issue, deliver, and accept payment for the bonds as indicated below and on the reverse side (if registered bonds are desired, please also complete schedule on reverse side): Pieces D enom ination $ 1,000 5,000 10,000 Maturity value □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for ac count of member bank only)* □ 4. H old as collateral for Treasury Tax and Loan A ccou n t0 □ 5. Special instructions: 100,000 Payment will be made as follow s: □ B y charge to our account on your books □ By cash or check in im m ediately available funds on delivery □ By surrender o f maturing se curities listed in Section I of official offering circular 1,000,000 Totals (N o will b e a c c e p te d ) I he undersigned certifies that the allotted bonds will be ow ned solely b y the undersigned. 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 bonds of this issue at a specific rate or price, until after one-thirty p.m., Eastern Daylight Saving time, Wednesday, August 1,1973. ( If a com m ercial bank is subscribing for its ow n account or for account o f customers, the follow in g certifications are made a part o f this ten der.) W e H e r e r y C e r t i f y that we have received tenders from our customers in the amounts set opposite the customers’ names on the list which is made a part of this tender; that there has been paid to us by each such customer as required by the official offering circular, not subject to withdrawal until after allotment, not less than 5 percent of the amount bid for; that we have not made unsecured loans, or loans collateralized in whole or in part by the bonds bid for, to supply the amounts of such payments to any of such customers; that we have no beneficial interest in the tenders of such customers; and that none of our customers has any beneficial interest in the amount bid for our own account. W e F u r t h e r C e r t i f y that tenders received by us, if any, from other commercial banks for their own account and for the account of their customers have been entered with us under the same conditions, agree ments, and certifications as set forth in this form. (Name of subscriber — please print or type) Insert this tender in special envelope marked “ Tender for Treasury Bonds’’ ( Address — please print or type) FDIC No. (if bank) ..........(Tel. No.) (Signature of subscriber or authorized signature) (Title of authorized signer) IM P O R T A N T — Banks submitting tenders for customer account must indicate names, FDIC numbers of banks listed, and amounts desired by each, on a separate list attached hereto. IN ST R U C T IO N S : 1. valu e). N o tender for less than $1,000 will be considered and each tender must be for an even multiple o f $1,000 (maturity 2. Others than com m ercial banks will not be permitted to submit tenders except for their ow n account. Banks submitting tenders for customer account may consolidate com petitive tenders at the sam e price and may consolidate noncom petitive tenders, provided a list is attached showing the name o f each bidder, the amount bid for his account, and m ethod o f payment. 3. If the person making the tender is a corporation, the tender should be signed by an officer o f the corporation author ized to make the tender, and the signing o f the tender b y an officer o f the corporation will be construed as a representation by him that he has been so authorized. If the tender is made b y a partnership, it should be signed b y a mem ber o f the firm, w ho should sign in the form “ ............................ ...................................................................... . a copartnership, b y ................................... ...................................................... . a m em ber o f the firm.” 4. Tenders will be received without deposit from com m ercial and other banks for their ow n account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, p u b lic pension and retirement and other pu blic funds, international organizations in w hich the United States holds m em bership, foreign central banks and foreign States, dealers w ho make primary markets in G overnm ent securities and report daily to the Federal Reserve Bank o f N ew York their positions with respect to Governm ent securities and borrow ings thereon, and G overnm ent accounts. Tenders from others must be accom panied b y paym ent o f 5 percent o f the face am ount o f securities applied for. All checks must b e drawn to the order o f the Federal Reserve Bank o f N ew York; checks endorsed to this Bank w ill not b e accepted. 5. I f the language o f this tender is changed in any respect, w hich, in the opinion o f the Secretary o f the Treasury, is material, the tender m ay b e disregarded. r SCHEDULE FOR iSSUE OF REGISTERED 7Vi PERCENT TREASURY BONDS OF 1988-93 SUBSCRIPTION NO. DELI VERY INSTRUCTIONS FOR FRB USE ONLY S U B S C R IB E R I I D E L IV E R OVER T H E CO U N TER S IG N A T U R E _ I l SHIP TO SUBSCRIBER Q T R AN S. A CC O U N TIN G D A T E GO tO O TH ER INSTRUCTIO NS: ISSUE A G E N T 12 ADDRESS LOAN CODE Z IP IN T E R E S T CO M P. DATE REGISTRATION NO. OF INSTRUCTIONS NAME(S) P IE C E S 30 ID OR S.S. NO. ADDRESS Z IP NAME(S) DENOM. AMOUNT SERIAL NOS. (LEAVE BLANK) FOR FRB USE o b W V o cd o OQ. c/i’ r-(“ a> C D n o -o r a tfc CD b B ONLY ft* H 'C 1.000 < CD CD O. 32 5,000 34 ! ! 0 00 CD p cd" p 100.000 42 1.000.000 99 TOTAL 30 1.000 32 5.000 TO H S > ■O i-i 38 O C o to p b o 0) H o o TR 2 c T3 13 c CT 3 CASE NO. CD 2 flT C/5 T3 D l-i CM -> O 34 10.000 38 100.000 42 1.000.000 CD B ID OR S.S. NO. ADDRESS ► few co oo -a w Z IP 99 30 NAME(S) 32 ADDRESS Z IP NAME(S) ID OR S.S. NO. ADDRESS Z IP NAME(S) Z IP □ 1 .000 □ S CL CL P p :-o o o O 1.000,000 99 TOTAL 30 1,000 32 5.000 34 10,000 ?R 100,000 42 1,000,000 99 TOTAL 30 1,000 32 ^ non T R . .CASE NO. T R . CASE NO. ! : ! ., 1,000,000 99 TOTAL r-t* ft) M P^ Ml O M o r-h B" C t> M > o 1 0 0 .00 0 4? □ □ □ □ ffi Offi Offi CoD CoD aCD 5.000 4? bo ► —* ''I CASE NO. 10.000 3ft ADDRESS TR 100.000 34 ID OR S.S. NO. TOTAL 34 ID OR S.S. NO. *D CD T R . CASE NO. Ml o M C/3 P p* r-h cd M CD cd 5* QTQ H H 8° tr1 TO fCD l S' 5, 3 to P O M- M cl p M r+ a- cd cd *-* Ml O M 3 ff 2 S3 CD cr H** S3 P M1 1—• o' tr1 B <-t^• ✓p M- ET e 3 3 3 ° mt. 05 P O r-T ■a P O D 13 C c/5 QTQ Q" O CD Ml . o M ft ►Q C ft c/5 M" ft o- cr p B — o O « 2o- 3 Federal Reserve Bank of New York Securities Department (8th Floor) 33 Liberty Street New York, N. Y. 10045 Tender for Treasury Bonds E N V . 2 4 9 -2 -7 3 Federal Reserve Bank of New York Securities Department (8th Floor) 33 Liberty Street New York, N. Y. 10045 Tender for Treasury N otes
@FedFRASER