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F E D E R A L R E S E R V E BA N K O F N EW Y O R K F isca l A g e n t o f th e U n ite d S tates r Circular No. 7 3 3 2 1 L A U C T IO N OF NO TES AN D January 31, 1974 J BONDS T reasu ry N otes o f Series C -1 9 7 7 and A -1 9 8 1 IV2 Percent T reasu ry B on d s o f 1 9 8 8 -9 3 To A ll Banking Institutions, and Others Concerned, in the Second Federal R eserve D istrict: As announced in our Circular No. 7330, dated January 30, 1974, the Treasury will sell at auction under competitive and noncompetitive bidding — $2.25 billion o f T reasu ry Notes o f Series C-1977, dated and bearin g interest fro m F e b ru a ry 15, 1974, m atu rin g M ay 15, 1977; $1.5 b illion o f T reasu ry Notes o f Series A -1981, dated and bearin g interest fro m F e b ru a ry 15, 1974, m aturing F e b ru a ry 15, 1981; and $300 m illion o f an add ition al am ount o f the 7 y 2 p ercen t T rea su ry B on d s o f 1988-93, dated A u g u st 15, 1973, w ith interest fr o m F e b ru a ry 28, 1974, m a tu rin g A u g u st 15, 1993, callable at the op tion o f the U nited States on an y interest paym en t date on and a fte r A u g u st 15, 1988. The terms of the offerings are set forth in Treasury Department Circulars Nos. 1-74, 2-74, and 3-74, Public Debt Series, dated January 31,1974; a copy of each is printed on the following pages. This Bank will receive tenders — for the notes of Series A-1981 up to 1 :30 p.m., Eastern Daylight Saving time, Tuesday, February 5, 1974; for the notes of Series C-1977, up to 2 p.m., Eastern Daylight Saving time, Wednesday, February 6, 1974; and for the bonds, up to 1:30 p.m., Eastern Daylight Saving time, Thursday, February 7, 1974 — at the Securities Depart ment of its Head Office and at its Buffalo Branch; provided, however, that noncompetitive tenders will be considered timely received if they are mailed to this Bank or its Branch under a postmark no later than February 4 for the notes of Series A -1 9 8 1 , February 5 f o r the notes of Series C -1 9 7 7 , and February 6 for the bonds. Please use the enclosed tender forms to submit tenders, and return them in the enclosed envelope marked “ Tender for Treasury Notes or 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 for the notes must be completed on or before Friday, February 15; settlement for accepted tenders for the bonds, including interest from February 15 to February 28 ($2.69337 per $1,000) must be completed on or before Thursday, February 28. Settlement must be made in cash, 7% percent Treasury Notes of Series C-1974, 4 ^ percent Treasury Bonds of 1974, or other funds immediately available by those dates. Coupons dated February 15, 1974 on the securities surrendered should be detached and cashed when due. Settlement cannot be made by credit through the Treasury Tax and Loan Account. Settlement for the bonds must be at the price established by the auction, plus $2.69337 per $1,000 for accrued interest from February 15 to February 2 8 ,1 9 7 4 . Any check payable to this Bank that is received at this Bank by Wednesday, February 13, 1974 for the notes, or Monday, February 25, 1974 for the bonds, will be considered timely, provided the check is drawn on a bank in the Second Federal Reserve District. 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 procedure under which the bids and awards will be made in the bond auction differs from the procedure that has been used in auctions for shorter-term securities. The difference is that the price on competitive tenders 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., and that all tenders accepted in this auction will be awarded at the price of the lowest accepted tender. As in the usual auctions, the Treasury will accept bids starting with the highest price bid and ranging downward to the bid that provides a total of $300 million. (The Secretary of the Treasury reserves the right, how ever, to accept less than $300 million of tenders.) This procedure is designed to provide an incentive to bid at prices sufficiently high to be sure of awards, while also assuring each bidder that, if he bids at a price within the range of accepted prices, he will be awarded bonds at the same price as every other bidder. The coupon rates for the two issues of notes will be announced on Monday, February 4. You may call this Bank (Telephone No. 212-791-5360,212-791-5368, or 212-791-5465) on the after noon of that date to ascertain those rates. A lfred H a y e s , President. UNITED STATES OF AMERICA TREASURY NOTES OF SERIES C-1977 Dated and bearing interest from February 15, 1974 Due May 15, 1977 DEPARTMENT OF THE TREASURY, Office o f the Secretary, DEPARTMENT CIRCULAR Washington, January 31, 1974. Public Debt Series — No. 1-74 I. 1954. The notes are su b ject to estate, inheritance, g ift or other excise taxes, w hether F ed era l o r State, but are exem pt fro m all taxation n ow or h ereafter im posed on the p rin cip a l or interest th ereof b y an y State, or an y o f the possessions o f the U nited States, or b y any local ta xin g au th ority. 3. The notes w ill be acceptable to secure deposits o f p u b lic m oneys. T h ey w ill n ot be acceptable in p a y m ent o f taxes. OFFERING OF NOTES 1. T he S ecreta ry o f the T reasury, pursuant to the au th ority o f the Second L ib e rty B on d A ct, as am ended, invites tenders at a p rice not less than 99.26 p ercen t o f th eir face value fo r $2,250,000,000, or there abouts, o f notes o f the U n ited States, designated T reasu ry Notes o f Series C-1977. The interest rate f o r the notes w ill be p u b licly announced b y the S ecre ta ry o f the T reasu ry on F e b ru a ry 4, 1974. A n a d d i tion al am ount o f the notes m ay be allotted b y the S ecreta ry o f the T reasu ry to G overnm ent accounts and F ed eral Reserve Banks at the average p rice o f accep ted tenders in exchange fo r T reasu ry notes and bon ds m aturing F e b ru a ry 15, 1974. T enders w ill be received up to 2 :00 p.m ., E astern D a y lig h t S avin g tim e, W ed n esd ay , F e b ru a ry 6, 1974, under com p eti tive and n oncom petitive b id d in g, as set fo rth in S ec tion I I I hereof. The 7 % percent T rea su ry N otes o f Series C-1974 and 4 y 8 percen t T reasu ry B ond s o f 1974, m aturing F e b ru a ry 15, 1974, w ill be accepted at p a r in paym ent, in w hole or in part, to the extent tenders are allotted b y the T reasury. II. 4. B earer notes w ith interest cou pons attached, and notes registered as to p rin cip a l and interest, w ill be issued in denom inations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. P rov ision w ill be m ade fo r the interchange o f notes o f different denom inations and o f cou p on and registered notes, and fo r the tran s fe r o f registered notes, u n d er rules and regulations p rescribed b y the S ecreta ry o f the T reasury. 5. The notes w ill be su b ject to the general reg u lations o f the D epartm en t o f the T reasu ry, now or h ereafter prescribed, g ov ern in g U nited States notes. III. DESCRIPTION OF NOTES 1. T he notes w ill be dated F e b ru a ry 15, 1974, and w ill bear interest fro m that date, p ayable on a semi an nu al basis on M ay 15 and N ovem ber 15, 1974, and th ereafter on M ay 15 and N ovem ber 15 in each year u n til the p rin cip a l am ount becom es payable. T hey w ill m ature M ay 15, 1977, and w ill not be su b ject to call fo r red em p tion p r io r to m aturity. 2. T he incom e d erived fro m the notes is s u b je ct to all taxes im posed u n d er the In tern a l R evenue C ode o f TENDERS AND ALLOTMENTS 1. T enders w ill be received at F ed eral Reserve B anks and B ranches and at the B ureau o f G overn m ent F in a n cia l O perations, W ash in gton , D. C. 20222, up to the closin g hour, 2 :00 p.m., E astern D ay lig h t S avin g time, W ed n esd ay, F e b ru a ry 6, 1974. E ach ten d er m ust state the fa ce am ount o f notes bid for, w hich must be $1,000 or a m u ltiple th ereof, and the p rice offered, except that in the case o f n on com p eti tive tenders the term “ n o n co m p e titiv e ” should be used in lieu o f a price. In the case o f com petitive tenders, the p rice must be expressed on the basis o f 2 ■I ties re fe rre d to in S ection I (interest cou p ons dated F e b ru a ry 15, 1974, should be detached) or other fu n ds im m ediately available b y that date. P a y m en t w ill n ot be deem ed to have been com p leted where registered notes are requested if the a p p rop ria te id e n tify in g num ber as req u ired on tax retu rn s and other d ocu m ents subm itted to the In tern a l R evenue S ervice (an in d iv id u a l’s social secu rity num ber or an em p loyer id en tification n u m b er) is n ot fu rn ish ed . In every case wThere fu ll paym en t is n ot com pleted, the paym en t w ith the tender u p to 5 p ercen t o f the am ount o f notes a llotted shall, u p on declaration m ade b y the S ecretary o f the T rea su ry in his d iscretion , be fo r fe ite d to the U n ited States. W h en p a ym en t is m ade w ith securities, a cash a d ju stm en t w ill be m ade to or req u ired o f the b id d er fo r an y differen ce betw een the fa ce am ount o f securities subm itted and the am ount payable on the notes allotted. 100, w ith tw o decim als, e.g., 100.00. T enders at a p rice less than 99.26 w ill not be accepted. F ra ction s m ay not be used. N on com petitive tenders fro m any one b id d er m ay not exceed $500,000. 2. C om m ercial banks, w hich fo r this p u rpose are defined as banks a ccep tin g dem and deposits, m ay sub m it tenders fo r accou n t o f custom ers p ro v id e d the names o f the custom ers are set fo rth in such tenders. Others than com m ercial banks w ill not be perm itted to subm it tenders excep t fo r their own account. Tenders w ill be received w ith ou t d ep osit fro m ban kin g in stitu tions fo r their ow n account, F ed era lly -in su red savings and loan associations, States, p olitica l su bdivisions or instrum entalities th ereof, p u b lic pension and retire m ent and other p u b lic fu n d s, in tern ation al org a n iza tions in w hich the U nited States holds m em bership, fo re ig n central banks and fo re ig n States, dealers who make p rim a ry markets in G overnm ent securities and rep ort d aily to the F ed era l Reserve B ank o f N ew Y o r k their positions w ith respect to G overnm ent securities and b orrow in gs thereon, and G overnm ent accounts. T enders fro m others must be a ccom pan ied b y p a y m ent (in cash or the securities referred to in S ection I w hich w ill be accepted at p a r) o f 5 percent o f the face am ount o f notes ap p lied for. V. 4. A ll bid d ers are req u ired to agree not to p u r chase or sell, or to make a n y agreem ents w ith respect to the purchase or sale or oth er d isposition o f an y notes o f this issue at a specific rate or price, u n til after 2 :00 p.m ., E astern D ayligh t S avin g time, W edn esday, F eb ru a ry 6, 1974. VI. GENERAL PROVISIONS 1. A s fiscal agents o f the U n ited States, F ed era l R eserve Banks are a u th orized and requested to receive tenders, to make such allotm ents as m ay be p rescrib ed b y the S ecreta ry o f the T rea su ry, to issue such notices as m ay be necessary, to receive p a y m en t fo r and make d eliv ery o f notes on fu ll-p a id ten d ers allotted, and th ey m ay issue in terim receipts p e n d in g d e liv e ry o f the definitive notes. 5. C om m ercial banks in su bm ittin g tenders w ill be requ ired to c e rtify that they have no beneficial interest in an y o f the tenders th ey enter fo r the a ccou n t o f their custom ers, and that th eir custom ers have no beneficial interest in the b a n k s’ tenders fo r their own account. PAYMENT 1. Settlem ent fo r accepted tenders in accordan ce w ith the bids m ust be m ade or com pleted on or before F eb ru a ry 15, 1974, at the F ederal Reserve B ank or B ranch o r at the B ureau o f G overnm ent F in an cial O perations, W ash in gton , D. C. 20222, in cash, secu ri 2. T he S ecreta ry o f the T rea su ry m ay at an y time, or fro m tim e to tim e, p rescribe su p p lem en tal or am en d a to ry rules and regu lation s g o v e rn in g the offering, w hich w ill be com m un icated p r o m p tly to the F ed era l R eserve Banks. G E O R G E P. SHULTZ, Secretary of the Treasury. l Average price may be at, or more or less than 100.00. SECURITIES 1. R egistered securities ten d ered as deposits and in paym en t fo r notes allotted h ereun der are n ot re qu ired to be assigned i f the notes are to be registered in the same names and fo rm s as a p p ea r in the regis trations or assignm ents o f the securities su rren dered. S pecific in stru ction s fo r the issuance an d d elivery o f the notes, sign ed b y the ow n er or his au th orized r e p resentative, m ust a ccom p a n y the securities presented. O therw ise, the securities sh ou ld be assigned b y the registered payees or assignees th e re o f in accordan ce w ith the general regu lation s g o v e rn in g U n ited States securities, as h erein a fter set fo rth . N otes to be reg is tered in names and form s d ifferen t fr o m those in the in scription s or assignm ents o f the securities presented should be assigned to ‘ ‘ The S e creta ry o f the T reasu ry fo r T reasu ry N otes o f Series C-1977 in the nam e o f (nam e and ta xp a yer id e n tify in g n u m b e r ).” I f notes in cou p on fo r m are desired, the assignm ent should be to “ The S ecreta ry o f the T re a su ry fo r cou p on T rea su ry N otes o f Series C-1977 to be d elivered to .........................................................” S ecu rities ten d ered in paym en t should be su rren dered to the F ed era l R e serve B ank or B ra n ch or to the B u rea u o f G overn m en t F in a n cia l O perations, B a n k in g and Cash M anage m ent, W ash in gton , D . C. 20222. T he securities must be delivered at the expense and risk o f the holder. 3. Im m ediately after the closin g h our tenders w ill be opened, fo llo w in g w hich p u b lic announcem ent w ill be made b y the D epartm en t o f the T rea su ry o f the am ount and p rice range o f accep ted bids. Those su b m ittin g tenders w ill be advised o f the acceptance or rejection th ereof. In con sid erin g the acceptance o f tenders, those at the highest p rices w ill be accepted to the extent req u ired to attain the am ount offered. T enders at the low est accepted p rice w ill be p rora ted i f necessary. The S ecreta ry o f the T reasu ry expressly reserves the right to accept o r re je ct any or all tenders, in w hole or in part, in clu d in g the righ t to accep t less than $2,250,000,000 o f tenders, and his action in any such respect shall be final. S u b je ct to these reserva tions, n on com p etitive tenders fo r $500,000 or less w ith ou t stated p rice fro m an y one b id d er w ill be accep ted in fu ll at the average p rice 1 (in tw o d e ci m als) o f accep ted com p etitive tenders. IV. ASSIGNMENT OF REGISTERED 3 UNITED STATES OF AMERICA TREASURY NOTES OF SERIES A-1981 Dated and bearing interest from February 15, 1974 Due February 15, 1931 DEPARTMENT OF THE TREASURY, DEPARTMENT CIRCULAR Public Debt Series — No. 2-74 I. Office o f the Secretary, W ashington, January 31, 1974. OFFERING OF NOTES and o f cou p on and registered notes, and fo r the trans fe r o f registered notes, u n d er rules and regulations prescribed by the S ecretary o f the T reasury. 1. The S ecreta ry o f the T reasu ry, p u rsuan t to the a u th ority o f the S econ d L ib e rty B o n d A c t, as am ended, invites tenders at a p rice n ot less than 98.26 p ercen t o f th eir fa ce value fo r $1,500,000,000, or thereabouts, o f notes o f the U n ited States, desig n ated T rea su ry Notes o f Series A -1981. The interest rate fo r the notes w ill be p u b licly a n nou n ced b y the S ecreta ry o f the T reasu ry on F e b ru a ry 4, 1974. A n a d d itio n a l am ount o f the notes m ay be a llotted b y the S ecreta ry o f the T reasu ry to G overnm ent accounts an d F ed e ra l R eserve B anks at the average p rice o f a ccep ted tenders in exchange fo r T rea su ry notes and bon d s m atu rin g F e b ru a ry 15, 1974. T enders w ill be received u p to 1 :30 p.m ., E astern D a y lig h t S avin g tim e, T uesday, F e b ru a ry 5, 1974, u n d er com p etitive and n on com p etitive b id d in g , as set fo rth in S ection I I I h ereof. The 7 % p ercen t T rea su ry N otes o f Series C -1974 and 4 % p ercen t T reasu ry B onds o f 1974, m a tu rin g F e b ru a ry 15, 1974, w ill be accep ted at p ar in paym en t, in w hole or in p art, to the exten t tenders are allotted b y the T reasury. II. 5. The notes w ill be su b ject to the general regu la tions o f the D epartm en t o f the T reasu ry, n ow or here a fte r prescribed, gov ern in g U nited States notes. III. 1. T enders w ill be received at F ed eral Reserve B anks and B ranches and at the B ureau o f G overnm ent F in a n cia l O perations, W ash in gton , D. C. 20222, u p to the closin g hour, 1 :30 p.m ., E astern D a y ligh t S avin g time, T uesday, F e b ru a ry 5, 1974. E a ch tender m ust state the fa ce am ount o f notes bid fo r, w hich must be $1,000 or a m u ltip le th ereof, and the p rice offered, except that in the case o f n oncom p etitive tenders the term “ n o n co m p e titiv e ” should be used in lieu o f a price. In the case o f com petitive tenders, the p rice m ust be expressed on the basis o f 100, w ith tw o decim als, e.g., 100.00. T enders at a p rice less than 98.26 w ill n ot be accepted. F ra ctio n s m ay n ot be used. N on com p etitive tenders fro m an y one bid d er m ay n ot exceed $500,000. DESCRIPTION OF NOTES 1. The notes w ill be dated F e b ru a ry 15, 1974, and w ill bear interest fro m that date, payable sem iannually on A u g u st 15, 1974, and th erea fter on F e b ru a ry 15 an d A u g u st 15 in each year u n til the p rin cip a l am ount becom es payable. T h ey w ill m ature F e b ru a ry 15, 1981, an d w ill n ot be su b je ct to call fo r red em p tion p rio r to m aturity. 2. C om m ercial banks, which fo r this purpose are defined as banks a ccep tin g dem and deposits, m ay sub m it tenders fo r accou nt o f custom ers p rov id ed the names o f the custom ers are set fo rth in such tenders. Others than com m ercial banks w ill n ot be perm itted to subm it tenders except fo r th eir ow n account. T en ders w ill be received w ith ou t d ep osit fro m ban kin g institutions fo r th eir ow n account, F ederally-in su red savings and loan associations, States, p olitica l su bd ivi sions o r instrum entalities th ereof, p u b lic pension and retirem ent and oth er p u b lic fu n d s, international organizations in w hich the U nited States holds m em bership, fo re ig n central banks and foreig n States, dealers w ho make p rim a ry markets in G overnm ent securities and rep ort d a ily to the F ed eral R eserve B ank o f N ew Y o rk their positions with respect to G overnm ent securities and b orrow in gs thereon, and G overnm ent accounts. Tenders fro m others must be accom pan ied b y p aym en t (in cash or the securities r e fe rre d to in Section I w hich w ill be accepted at p a r) o f 5 percen t o f the fa ce am ount o f notes a p p lied fo r . 2. The incom e derived fro m the notes is su b ject to all taxes im posed u n d er the In tern a l R even u e C ode o f 1954. The notes are su b ject to estate, inheritance, g ift o r oth er excise taxes, w hether F e d era l or State, but are exem pt from all taxation n ow or h erea fter im posed on the p rin cip a l o r interest th e re o f b y any State, or an y o f the possessions o f the U nited States, or b y any local taxin g authority. 3. The notes w ill be acceptable to secure deposits o f p u b lic m oneys. T hey w ill not be acceptable in p a y m ent o f taxes. 4. B earer notes w ith interest cou p on s attached, an d notes registered as to p rin cip a l and interest, w ill be issued in den om in ations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. P rov ision w ill be m ade fo r the in terch an ge o f notes o f differen t denom inations TENDERS AND ALLOTMENTS 3. Im m ediately a fter the closin g hour tenders w ill be opened, fo llo w in g w hich p u b lic announcem ent w ill 4 be m ade b y the D epartm en t o f the T reasu ry o f the am ount and p rice range o f accepted bids. Those sub m ittin g tenders w ill be advised o f the acceptan ce or rejection th ereof. In con sid erin g the acceptance o f tenders, those at the highest prices w ill be accep ted to the extent requ ired to attain the am ount offered. T en ders at the low est accepted p rice w ill be p rora ted i f necessary. T he S ecreta ry o f the T rea su ry expressly reserves the righ t to accep t or reject an y or all te n ders, in whole or in part, in clu d in g the righ t to accept less than $1,500,000,000 o f tenders, an d his action in a n y such respect shall be final. S u b je ct to these reser vations, n on com petitive tenders fo r $500,000 o r less w ith ou t stated p rice fro m any one b id d er w ill be accepted in fu ll at the average p r ic e 1 (in tw o d eci m als) o f accep ted com p etitive tenders. fa ce am ount o f securities su bm itted and the am ount payable on the notes allotted. V. 1. R egistered securities ten dered as deposits and in paym en t fo r notes allotted h ereun d er are not re qu ired to be assigned i f the notes are to be registered in the same nam es and fo rm s as ap p ear in the regis tration s or assignm ents o f the secu rities su rrendered. Sp ecific instru ction s fo r the issuance and d eliv ery o f the notes, signed b y the ow n er or his au th orized rep resentative, m ust a ccom p a n y the secu rities presented. O therw ise, the securities should be assigned b y the registered payees o r assignees th e re o f in accordan ce w ith the general regu lations g ov ern in g U n ited States securities, as h erein a fter set fo rth . N otes to be regis tered in names and form s d ifferen t fro m those in the in scription s or assignm ents o f the securities presented should be assigned to “ T he S ecreta ry o f the T reasu ry fo r T rea su ry N otes o f Series A -1981 in the nam e o f (nam e and ta x p a y e r id e n tify in g n u m b e r ).” I f notes in co u p o n fo rm are desired, the assignm ent should be to “ The S e creta ry o f the T rea su ry fo r cou p on T reas u r y N otes o f Series A -1981 to be d eliv ered t o .............. ......................................................... ” S ecu rities ten d ered in paym en t should be su rren dered to the F e d era l Reserve B ank or B ra n ch or to the B u rea u o f G overn m en t F in a n cia l O perations, B a n k in g a n d Cash M an age m ent, W a sh in g ton , D . C. 20222. T he secu rities must be d elivered at the expense and risk o f the holder. 4. A ll bid d ers are requ ired to agree not to p u r chase or sell, or to make a n y agreem ents w ith respect to the purchase o r sale or oth er disposition o f any notes o f this issue at a specific rate or price, u n til a fte r 1 :30 p.m ., E astern D a y lig h t S a vin g time, T uesday, F e b ru a ry 5, 1974. 5. C om m ercial banks in su bm ittin g tenders w ill be requ ired to ce rtify that th ey have no beneficial interest in any o f the tenders th ey enter fo r the accou nt o f th eir custom ers, and that th eir custom ers have no bene ficial interest in the b a n k s’ tenders fo r their ow n ac count. IV. PAYMENT 1. Settlem ent fo r accepted tenders in accordan ce with the bids must be m ade o r com pleted on or b efore F e b ru a ry 15, 1974, at the F e d era l Reserve B ank or B ran ch or at the B u reau o f G overnm ent F in a n cia l O perations, W a sh in g ton , D . C. 20222, in cash, secu ri ties re ferred to in S ection I (in terest cou p on s dated F e b ru a ry 15, 1974, sh ou ld be detached) or other fu n d s im m ediately available b y that date. P aym ent w ill not be deem ed to have been com pleted w here registered notes are requested i f the ap p rop ria te id en tify in g num ber as requ ired on tax returns and other docum ents subm itted to the In tern a l R evenue S ervice (a n in d iv id u a l’s social secu rity num ber or an em p lo y e r identification num ber) is not fu rn ish ed. In every case where fu ll paym en t is n ot com pleted, the paym en t w ith the ten d er u p to 5 percen t o f the am ount o f notes allotted shall, u p on d eclaration m ade b y the S ecretary o f the T rea su ry in his discretion, be fo r feited to the U nited States. W h en paym en t is m ade w ith securities, a cash adjustm ent w ill be m ade to or requ ired o f the b id d er fo r an y difference betw een the VI. GENERAL PROVISIONS 1. A s fiscal agents o f the U n ited States, F ed era l R eserve B anks are au th orized an d requested to re ceive tenders, to make such allotm ents as m a y be p re scribed b y the S ecreta ry o f the T rea su ry, to issue such notices as m ay be necessary, to receive paym ent fo r and make d e liv ery o f notes on fu ll-p a id tenders allotted, an d th ey m a y issue in terim receip ts p en d in g d elivery o f the definitive notes. 2. The S ecreta ry o f the T rea su ry m ay at any tim e, o r fro m tim e to tim e, p rescrib e su p p lem en tal o r am en datory rules and regu lation s g ov ern in g the offerin g, w hich w ill be com m u n icated p ro m p tly to the F ed era l R eserve Banks. G E O R G E P. S H U L T Z , Secretary o f the Treasury. 1 Average price may be at, or more or less than 100.00. ASSIGNMENT OF REGISTERED SECURITIES 5 UNITED STATES OF AMERICA 7% PERCENT TREASURY BONDS OF 1988-93 Dated August 15, 1973, with interest from February 28, 1974 Due August 15, 1993 REDEEMABLE AT T H E OPTIO N OF T H E UNITED STATES AT PAR AND ACCRUED in te r e s t o n and a ft e r a u g u st 1 5 ,1 9 8 8 DEPARTM ENT OF THE TREASURY, Office o f the S ecretary, d e p a r t m e n t c ir c u l a r W ashington, January 31, 1974. Public Debt Series — No. 3-74 I. OFFERING OF BONDS interest on the bon ds called fo r redem ption shall cease. 1. T he S ecreta ry o f the T reasu ry, pu rsuan t to the a u th ority o f the Secon d L ib e rty B o n d A ct, as am ended, invites tenders at a p rice n ot less than 95.30 p ercen t o f th eir fa ce value fo r $300,000,000, or th ere abouts, o f bonds o f the U nited States, designated 7*4 p ercen t T reasu ry B on d s o f 1988-93. A n add ition al am ou n t o f the bonds m ay be allotted b y the S ecreta ry o f the T rea su ry to G overnm ent accounts and F ed era l R eserve B anks in exchange fo r T rea su ry securities m atu rin g F e b ru a ry 15, 1974. T enders on a com p eti tiv e or n on com p etitive basis w ill be received u p to 1 :30 p.m ., E astern D a y lig h t S avin g tim e, T hu rsday, F e b ru a ry 7, 1974. The p rice fo r the bonds w ill be established as set fo rth in S ection I I I h ereof. The 7 3A p ercen t T rea su ry N otes o f Series C-1974 and 4y$ percen t T reasu ry B on d s o f 1974 m aturing F e b ru a ry 15, 1974, w ill be a ccep ted at p a r in paym en t, in w hole or in p art, to the extent tenders are a llotted b y the T reasu ry. II. “ 2. The incom e d erived fro m the bon ds is sub je c t to all taxes im posed u n d er the In tern a l R ev enue C ode o f 1954. T he bonds are subject to estate, inheritance, g ift o r other excise taxes, whether F ed eral or State, but are exem pt fro m all taxation now or h ereafter im posed on the p rin cip a l or in ter est th ereof b y a n y State, or an y o f the possessions o f the U nited States, or b y a n y local ta x in g au th or ity. “ 3. T he bon d s w ill be acceptable to secure deposits o f p u b lic m oneys. T h e y w ill n ot be accep t able in paym ent o f taxes. “ 4. B earer bonds w ith interest cou p on s attached, and bonds registered as to p rin cip a l and interest, w ill be issued in denom inations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. P rov ision w ill be m ade fo r the in terch an ge o f bon ds o f differen t den om in ations and o f cou p on and registered bonds, and fo r the tra n sfer o f registered bonds, under rules and regu lations p rescrib ed b y the S ecretary o f the T reasu ry. DESCRIPTION OF BONDS 1. T he bon ds n ow offered w ill be id en tica l in all respects w ith the 7^2 percen t T rea su ry B on d s o f 1988-93 issued p u rsu an t to D ep a rtm en t C ircu la r, P u b lic D eb t Series — N o. 6-73, dated J u ly 26, 1973, ex cep t that interest w ill accru e fro m F e b ru a ry 28, 1974. W ith this ex cep tion the bon ds are d escrib ed in the fo llo w in g qu otation fro m D ep a rtm en t C ircu la r N o. 6-73: “ 5. T he bon ds w ill be su b ject to the general regu lations o f the D ep artm en t o f the T reasu ry, n ow or h erea fter prescribed , g ov ern in g U nited States b o n d s.” “ 1. T he bon ds w ill be dated A u g u st 15, 1973, an d w ill bear interest fr o m that date at the rate o f 7y 2 p ercen t p e r annum , pa ya b le sem iann u ally on F e b ru a ry 15 an d A u g u st 15 in each y ea r u n til the p rin cip a l am ou n t becom es p a yable. T h e y w ill m ature A u g u st 15, 1993, bu t m ay be redeem ed at the op tion o f the U n ited States on and a fte r A u g ust 15, 1988, in w hole or in p a rt, at p a r and accru ed interest on a n y interest d a y o r days, on 4 m onths ’ n otice o f red em p tion given in such m anner as the S ecreta ry o f the T rea su ry shall prescribe. In case o f p a rtia l red em ption, the bonds to be redeem ed w ill be d eterm in ed b y such m ethod as m a y be p re scribed b y the S ecreta ry o f the T reasu ry. F ro m the date o f red em p tion design ated in a n y such notice, III. TENDERS AND ALLOTMENTS 1. T enders w ill be received at F ed eral R eserve B anks and B ranches and at the B ureau o f G overn m ent F in a n cia l O perations, W ash in gton , D . C. 20222, up to the closin g hour, 1 :30 p.m ., E astern D a ylig h t S avin g tim e, T hu rsday, F e b ru a ry 7, 1974. E ach ten d er m ust state the fa ce am ount o f bonds bid fo r, w hich m ust be $1,000 or a m u ltip le th ereof, and the p rice offered excep t that in the case o f n on com petitive ten ders the term “ n o n co m p e titiv e ” should be used in lieu o f a price. In the case o f com petitive tenders, the p rice m ust be expressed on the basis o f 100, w ith tw o decim als in a m u ltiple o f .05, e.g., 100.10, 100.05, 100.00, 99.95, etc. F ra ction s m ay not be used. 6 2. C om m ercial banks, w h ich fo r this p u rp ose are defined as banks a ccep tin g dem and deposits, m ay sub m it tenders fo r a ccou nt o f custom ers p rov id ed the names o f the custom ers are set fo rth in such tenders. Others than com m ercial banks w ill not be p erm itted to subm it tenders except fo r th eir ow n account. T enders w ill be received w ith ou t d ep osit fro m ban k in g in stitu tions fo r th eir ow n account, F ed era lly -in su red savings and loan associations, States, p o litica l subdivisions or instrum entalities th ereof, p u b lic pension and retire m ent and oth er p u b lic fu n d s, in tern ation al organ iza tions in w hich the U n ited States h olds m em bership, fo re ig n cen tral banks and fo re ig n States, dealers who make p rim a ry m arkets in G overnm ent securities and rep ort d a ily to the F ed era l R eserve B an k o f N ew Y o rk th eir p osition s w ith resp ect to G overnm ent secu rities and b orrow in g s thereon, and G overnm ent accounts. T enders fro m others m ust be accom pan ied b y paym ent (in cash or the securities re fe rre d to in Section I w hich w ill be accepted at p a r) o f 5 percen t o f the fa ce am ount o f bonds ap p lied for. 3. In con sid erin g the acceptan ce o f tenders, those at the highest p rices w ill be accepted in fu ll to the extent requ ired to attain the am ount offered ; p r o vided, how ever, that tenders at the low est o f such a ccepted p rices w ill be p rora ted i f necessary. A ll tenders so accepted w ill be allotted at the p rice o f the low est accepted tender. Those su bm ittin g tenders w ill be advised o f the acceptance, and aw arded p rice, or the re je ctio n o f th eir bids. T he S ecreta ry o f the T reasu ry exp ressly reserves the rig h t to accep t or reject a n y o r all tenders, in w hole or in p art, in clu d in g the rig h t to a ccep t less than $300,000,000 o f tenders, and his a ction in a n y such respect shall be final. S u b ject to these reservations n on com petitive tenders fo r $250,000 or less w ill be accepted in fu ll at the same p r ic e as accepted com p etitive tenders. The p rice m ay be 100.00, or m ore or less than 100.00. 4. A ll bid d ers are req u ired to agree n ot to p u r chase or to sell, o r to make a n y agreem ents w ith respect to the pu rchase or sale or other disp osition o f an y bon ds o f this issue at a specific rate or p rice, u ntil a fter 1 :30 p.m ., E astern D a y lig h t S avin g tim e, T hu rsday, F eb ru a ry 7, 1974. 5. C om m ercial banks in su bm ittin g tenders w ill be requ ired to c e r tify that th ey have n o beneficial in ter est in a n y o f the tenders th ey enter fo r the accou n t o f th eir custom ers, and that th eir custom ers have no beneficial interest in the b an k s’ tenders fo r their own account. IV. PAYMENT 1. Settlem ent fo r accepted tenders at the p rice established b y the auction, plus $2.69337 p e r $1,000 fo r accru ed interest fro m F e b ru a ry 15 to F e b ru a ry 28, 1974, m ust be m ade or com pleted on o r before F eb ru a ry 28, 1974, at the F e d era l R eserve B ank or B ranch or at the B ureau o f G overnm ent F in a n cia l O perations, W a sh in gton , D . C. 20222, in cash, secu ri ties re ferred to in Section I (interest cou p on s dated F eb ru a ry 15, 1974, sh ou ld be detached) or oth er fu n d s im m ediately available b y that date. P aym en t w ill not be deem ed to have been com p leted w here registered bonds are requested i f the a p p rop ria te id e n tify in g num ber as requ ired on ta x returns and other d ocu ments subm itted to the In tern a l R evenue S ervice (a n in d iv id u a l’s social secu rity num ber or an em p loyer iden tification n u m b er) is not fu rn ish ed. In every case where fu ll paym en t is not com pleted, the paym en t w ith the ten der u p to 5 percen t o f the am ount o f bonds allotted shall, u p on declaration m ade b y the S ecretary o f the T rea su ry in his discretion , be fo r feited to the U n ited States. W h e n p aym en t is m ade with securities, a cash a d ju stm ent w ill be m ade to o r requ ired o f the b id d er fo r any differen ce betw een the face am ount o f securities subm itted and the am ount payable on the bonds allotted. V. ASSIGNMENT OF REGISTERED SECURITIES 1. R egistered securities ten dered as d ep osits and in p aym en t fo r bon ds allotted h ereun der are not requ ired to be assigned i f the bon ds are to be regis tered in the same nam es and form s as a p p ear in the registration s or assignm ents o f the securities sur rendered. S pecific in stru ction s fo r the issuance and d e liv e ry o f the bonds, signed b y the ow n er o r his authorized representative, must a ccom p a n y the secu rities presented. O therw ise, the securities should be assigned b y the registered payees o r assignees th ereof in accord an ce w ith the general regu la tion s gov ern in g U nited States securities, as h erein a fter set forth . B onds to be registered in names and form s different fro m those in the in scrip tion s o r assignm ents o f the securities presented should be assigned to “ T he S ecre ta ry o f the T rea su ry fo r i y 2 p ercen t T re a su ry B onds o f 1988-93 in the name o f (n am e and ta x p a y er id en ti fy in g n u m b e r ) I f bon ds in co u p o n fo rm are desired, the assignm ent should be to “ The S e creta ry o f the T rea su ry fo r 7i/2 p ercen t cou p on T rea su ry B on d s o f 1988-93 to be d elivered t o .................................................. ” Securities tendered in paym en t should be surrendered to the F ederal Reserve B ank o r B ra n ch o r to the B ureau o f Governm ent F in a n cia l Operations, B ank ing and Cash M anagem ent, W ash in gton , D . C. 20222. The securities must be delivered at the expense and risk o f the holder. VI. GENERAL PROVISIONS 1. A s fiscal agents o f the U n ited States, F ed era l Reserve B anks are authorized and requested to receive tenders, to make such allotm ents as m ay be prescribed b y the S ecretary o f the T reasu ry, to issue such notices as m ay be necessary, to receive paym ent fo r and make d elivery o f bonds on fu ll-p a id tenders allotted, and th ey m ay issue interim receipts p e n d in g d e liv e ry o f the definitive bonds. 2. T he S ecretary o f the T reasu ry m ay at a n y time, or fro m tim e to time, prescribe su pplem ental o r amen d a to ry rules and regulations gov ern in g the offering, w hich w ill be com m unicated p ro m p tly to the F ed era l R eserve Banks. G E O R G E P. SHULTZ, Secretary o f the Treasury. FO R M N A-1 IM P O R T A N T — Closing time for receipt of this tender is 2 p.m., Wednesday, February 6, 1974. TE N D E R FOR TREASURY NOTES OF SERIES C-1977 D a te d F e b ru a ry 15,1974 F e d e r a l R eserve B a n k of D u e M a y 15,1977 D a te d at N e w Y ork, Fiscal A gen t o f the U n ited States, N e w York, N. Y. 10045 1974 Pursuant to the provisions o f Treasury D epartm en t C ircular N o. 1-74, P u b lic D e b t Series, dated January 31, 1974, the u ndersigned h ereby offers to purchase U nited States o f A m erica T reasury Notes o f Series C -1977 in the am ount in dicated b e lo w , and agrees to m ake p aym en t th erefor at you r Bank on or b e fo re the issue date at the p rice in d icated b elow . C O M P E T IT IV E T E N D E R D o not fill in both C om petitive and N on com p etitive tenders on on e form N O N C O M P E T IT IV E T E N D E R $ ............................................................. (m atu rity v a lu e ), or any lesser am ount that m ay b e aw arded. ( N ot to ex cee d $500,000 for on e bidder through all sou rces) P rice: ........... p er 100 (m in im u m o f 99.26) at the average p rice o f a cce p te d com p etitive bids. $ ............................................................. ( m aturity v a lu e ) (P rice must b e expressed with n ot m ore than tw o decim al places, for exam ple, 100.00.) S u bject to allotm ent, please issue, deliver, and a ccep t p aym en t fo r the notes as in d icated b e lo w and on the reverse side ( i f registered notes are desired, please also com p lete sch edule on reverse s id e ): Pieces D enom ination $ Maturity value 1,000 5,000 10,000 □ 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 Account® □ 5. Special instructions: 100,000 Payment w ill be made as follow s: □ By charge to our account on your books □ By cash or ch eck in im m ediately available funds on delivery □ By surrender o f 7 % % Treasury Notes o f Series C -1974 or 4Vs % Treasury Bonds o f 1974 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 h ereby agree not to buy or to sell, or to make any agreem ents with respect to the purchase or sale or other disposition of any notes of this issue at a specific rate or price, until after tw o p.m., Eastern Daylight Saving time, W ednesday, February 6, 1974. ( 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 b y C e r t i f y that w e have receiv ed tenders from our custom ers in the am ounts set op p osite the custom ers nam es on the list w h ich is m ad e a part o f this tender; that there has b een paid to us b y each such custom er as requ ired b y the official offerin g circular, not su bject to w ith draw al until after allotm ent, not less than 5 p ercen t o f the am ount b id for; that w e have not m ade unsecured loans, or loans collateralized in w h ole or in part b y the notes b id for, to su pply the am ounts o f such paym ents to any o f such custom ers; that w e have n o ben eficial interest in the tenders o f such custom ers; and that none o f our custom ers has any ben eficial interest in the am ount b id fo r our o w n account. W e F u r t h e r C e r t i f y that tenders receiv ed b y us, if any, from oth er com m ercia l banks fo r their ow n accou n t and fo r the a ccou n t o f their custom ers have been entered w ith us under the same con ditions, agree ments, and certifications as set forth in this form . (Name of subscriber — please print or type) Insert this tender in special envelope m arked “ T ender for Treasury Notes or Bonds ” (Address — please print or type) (Tel. N o.) (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 and amounts desired by each on a separate list attached hereto. IN S T 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 (m aturity 2. Other:; 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 th e sam e price and may consolidate noncom petitive tenders, provided a list is attached show ing the name o f each bidder, the amount bid for his account, and method o f payment. 3. I f the person making the tender is a corporation, the tender should be signed b y 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 b e construed as a representation by him that he has been so authorized. If the tender is m ade 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 own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, p u b lic pensior- and retirement and other p u 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 borrowings thereon, and Governm ent accounts. Tenders from others must be accom panied b y paym ent o f 5 percent o f the face amount o f securities applied for. A ll checks must b e drawn to the order o f the Federal Beserve 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. SUBSCRIPTION NO. SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES C-1977 F O R F R B USE O N L Y D E L IV E R Y INSTRUCTIONS S U B S C R IB E R l j D E L IV E R O V E R 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 S IG N A T U R E _ T R A N S . A C C O U N T IN G D A T E [ 3 O T H E R IN S T R U C T IO N S : ADDRESS ISSUE A G E N T 12 LO AN CODE NO. ADDRESS Z IP N A M E (S ) ID O R S.S. NO. ADDRESS OF P IE C E S AMOUN1 D ENOM. SERIAL NOS. (LEAVE BLANK) FOR FRB USE O NLY ID O R S.S. NO. N A M E (S ) ID O R S.S. NO. ADDRESS Z IP 42 1,000,000 99 TO TAL TO PU 8 21 TR 1.000 32 5,000 34 10,000 38 100,000 42 1.000,000 3 £ C A S E NO. H3 C a- P .J CD >■* if o 2 n ^ 8 2 TR TO TAL 30 1 .000 32 5,000 34 10.000 al & p p M-> p 5,000 34 10,000 *r 3R 100,000 > r-t- n T R . C A S E NO. 1,000 ... lit iX:!: 100.000 1 .0 0 0 ,ooc 99 TO TAL o SL l-h) 32 42 o cd O >-! O TO TAL C/i cd 1 .000 34 Z IP cl 30 99 T R . C A S E NO. □ K o c-h T R . .C A SE NO. 1.000,000 □ p"1 p - 1.000,000 42 ^4 o c /j O o 100,000 TO TAL 00 CO ,T cr O (p hi yi. bO C A S E NO. K .. :■ l l j H z & 30 99 § cd p .. 100.000 99 CD ■Q ' 38 Tfl ADDRESS TO to 32 ID O R S.S. NO . eo TO 5.000 30 N A M E (S ) < to 32 4? Z IP 5 -e 1.000 ■ ADDRESS d a> CD „iw cr □ N A M E (S ) □ 1 0) 3 CD Z IP □ 05 C O-i CD 3. cr 34 ID O R S.S. NO. □ 0 INSTRUCTIONS N A M E (S ) tO H O Z IP R E G IS T R A T IO N M i-i O l-l 00 Oo n > o CD t=r o CD cCD 3 O ® e to g* S p o p ft. 2 . o & P ff cd CD cd“ CD 9 CD m p H p a 6=-1 § •1 X" ►a a □ cd 5' r*. a □ p l-f) QTQ H H □ cr CD 2 aT p ca o 5‘ £ o p o S3 t-t ft ►Q C « tyj r-t" « P- a £o 3 FO R M N A-2 IM P O R T A N T — C lo sin g tim e fo r re ceip t o f this ten der is 1:30 p.m ., T u esda y, F eb ru a ry 5, 1974. TE N D E R FOR TREASURY NOTES OF SERIES A-1981 D u e F ebru ary 15,1981 D a te d F eb ru a ry 15,1974 F e d e r a l R eserve B a n k of D a te d at N e w Y ork, F iscal A gen t o f the U n ited States, N e w York, N. Y. 10045 1974 Pursuant to the provisions o f Treasury D epartm en t C ircular N o. 2-74, P u b lic D e b t Series, dated January 31, 1974, the undersigned h ereb y offers to purchase U nited States o f A m erica T reasury N otes o f Series A-1981 in the am ount in d ica ted b e lo w , and agrees to m ake paym ent th erefor at you r Bank on or b e fo re the issue date at the p rice in d icated b elow . 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 $ ............................................................. (m atu rity v a lu e ), or any lesser am ount that m ay b e aw arded. N O N C O M P E T IT IV E T E N D E R $ ............................................................. ( m aturity v a lu e ) ( N ot to ex cee d $500,000 for on e bidder through all sou rces) at the average p rice o f a cce p te d com p etitiv e bids. P r i c e : ........... p er 100 (m in im u m o f 98.26) (Price must b e expressed with not m ore than tw o decim al places, for exam ple, 100.00.) S u bject to allotm ent, please issue, deliver, and a ccep t paym en t fo r the notes as in d icated b e lo w and on the reverse side ( if registered notes are desired, please also com p lete sch edule on reverse s id e ) : Pieces D enom ination $ Maturity value 1,000 5,000 10,000 □ 1. D eliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. H old in safekeeping (fo r ac count o f m em ber bank o n ly )* □ 4. H old as collateral for Treasury Tax and Loan A ccou n t" □ 5. Special instructions: 100,000 Payment will be made as follow s: □ B y charge to our account on you r books □ By cash or check in immediately available funds on delivery □ By surrender of 7 % % Treasury Notes of Series C -1974 or 4V s% Treasury Bonds of 1974 1,000,000 (No changes in delivery instructions will be accepted ) Totals T he undersigned certifies that the allotted notes will be ow ned solely b y the undersigned. W e h ereby agree not to buy or to sell, or to make any agreem ents 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, February 5, 1974. ( 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 b y C e r t i f y that w e have re ce iv e d tenders from our custom ers in the am ounts set op p osite the custom ers’ nam es on the list w h ich is m a d e a part o f this ten der; that there has b een paid to us b y each such cu stom er as req u ired b y the official offerin g circular, not su b ject to w ith draw al until after allotm ent, n ot less than 5 p ercen t o f the am ou n t b id for; that w e have not m ad e u n secured loans, or loans collateralized in w h ole or in part b y the notes b id for, to su p p ly the am ounts o f such paym ents to any o f such custom ers; that w e h ave n o ben eficial interest in the tenders o f such custom ers; and that n one o f our custom ers has any ben eficial interest in the am ount b id fo r our ow n account. W e F u r t h e r C e r t i f y that tenders receiv ed b y us, if any, from other com m ercia l banks fo r their ow n accou n t and fo r the a ccou n t o f their custom ers have been en tered w ith us under the same con ditions, agree ments, and certifications as set forth in this form . (Name of subscriber — please print or type) Insert this tender in special en velop e marked “ Ten der for Treasury (Address — please print or type) (Tel. N o.) ( Signature of subscriber or authorized signature) N otes or B onds ” (Title of authorized signer) IM P O R T A N T — Banks subm itting tenders for cu stom er a ccou n t must indicate names and am ounts desired b y each on a separate list attached hereto. IN S T R U C T IO N S : 1. va lu e). N o tender for less than $1,000 w ill be considered and each tender must be for an even multiple o f $1,000 (m aturity 2. Others than com m ercial banks will not b e perm itted to submit tenders except for their ow n account. Banks submitting tenders for customer account may consolidate com petitive tenders at th e sam e price and m ay consolidate noncom petitive tenders, provided a list is attached show ing the name o f each bidder, the amount b id for his account, and method o f payment. 3. I f the person making the tender is a corporation, the tender should be signed b y 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 b y him that he has been so authorized. If 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 should sign in the form “ ............................ . ..................................................................... a copartnership, b y ................................... ...................................................... . a m em ber o f the firm.” 4. Tenders w ill b e 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, pu 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 New York their positions with respect to G overnm ent securities and borrow ings thereon, and Governm ent accounts. Tenders from others must b e accom panied b y paym ent of 5 percent of the face amount o f securities applied for. A ll checks must be drawn to the order o f the Federal Reserve Bank o f N ew York; checks endorsed to this Bank w ill not be 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. SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES A-1981 SUBSCRIPTION NO. F O R F R B USE O N L Y D E L IV E R Y INSTRUCTIONS S U B S C R IB E R I I D E L IV E R O V E R T H E C O U N T E R S IG N A T U R E __ I I S H IP T O S U B S C R IB E R Q T R A N S . A C C O U N T IN G D A T E O T H E R IN S T R U C T IO N S : ISSUE A G E N T 12 ADDRESS LO AN CQP5 NO. INSTRUCTIONS N A M E (S ) OF P IE C E S 34 Z IP H □ □ □ O SERIAL NOS. (LEAVE BLANK) FOR FRB USE ONLY 05 H <x> 3 ff. < CD CD ex. "C C ft) P 5.000 _ hk ct> 0 '7? 1 0) o 1.000 32 ID O R S.S. NO. AMOUNT DENOM. iU ADDRESS to o Z IP R E G IS T R A T IO N W I U J. O A i 38 100.000 42 1.000,000 99 TO TAL z Ita*o H o 0 TR C A S E NO. ts 1 c ID O R S.S. NO. ADDRESS Z IP N A M E (S ) 32 5,000 34 10,000 38 100,000 42 1.000,000 99 TOTAL 30 1 .000 32 5.000 34 ID O R S.S. NO. ADDRESS o CD CD .. fcJ on o £ TR 100.000 4? 1.000,000 a □ □ N A M E (S ) ID O R S.S. NO . ADDRESS Z IP N A M E (S ) 99 TOTAL X Cl P C/5 o 32 34 10.000 f 3ft 100,000 > 42 1,000,000 99 TO TAL 1,000 nnn . rx : ! 42 Z IP 9S O T R . C A S E NO. 100.000 3ft ADDRESS P o 34 ID O R S.S. NO . T R . .C A SE NO. •I 5,000 r 1 .o o o .o o c TO TAL w □ K o h— * o_ P-. £ p w o T R . C A S E NO. 2 p O a> G a> S' <! CD i-« < < r~*. a> H O fl> CD S’ TO O S- □ ff* «' a. & a> >1 T O -» § of. s C cr c/i B- 8 , 2- h d a> Cr1 5/3 4U. to □ ri- r-h 1 .000 30 □ o s ST t= p 30 32 m C A S E NO. 10.000 3P to CD Z IP 5T so 1.000 30 N A M E (S ) to &1 o p O r+ 3 0 3p pHi §■•& o | CD a *-*• O S3 i-i a »d O 3. C p a" C/J cd r* 1 CL Oo “HH > o CD P1 > cr 3 o - o ® a 3 FO R M BA IM P O R T A N T — Closing time for receipt of this tender is 1:30 p.m., Thursday, February 7, 1974. TE N D E R FOR 7 % PERCENT TREASURY BONDS OF 1988-93 A D D IT IO N A L A M O U N T Dated August 15, 1973, W ith Interest From February 28, 1974, Due August 15, 1993 D a ted a t ......................................... F e d e r a l R eserve B a n k o f N e w Y o rk , F iscal A gen t o f the U n ited States, N e w York, N. Y. 10045 1974 Pursuant to the provisions o f Treasury D epartm en t C ircular N o. 3-74, P u b lic D e b t Series, dated January 31, 1974, the u n dersigned h ereb y offers to purchase U nited States o f A m erica IV 2 p ercen t Treasury B onds o f 1988-93 in the am ount in d icated b e lo w , and agrees to m ake paym en t th erefor at you r Bank on or b e fo re the issue date at the p rice in d ica ted b e lo w plus a ccru ed interest ($2.69337 p e r $1,000). C O M P E T IT IV E T E N D E R D o not fill in both C om petitive and N on com p etitive tenders on on e form N O N C O M P E T IT IV E T E N D E R $ ............................................................. ( m aturity v a lu e ) $ ............................................................. (m atu rity v a lu e ), or any lesser am ount that m ay b e aw arded. (N ot to ex cee d $250,000 for one bidder through all sources) P rice: ......... p er 100 (m inim um o f 95.30) at the same p rice as a cce p te d com p etitive bids. (Price must b e expressed with not m ore than tw o decim al places and in a m ultiple o f .05, for exam ple, 100.10, 100.05, 100.00, 99.95, etc.) S u bject to allotm ent please issue, deliver, and a cce p t p aym en t fo r the bon ds as in d icated b e lo w and on the reverse side ( i f registered bon d s are desired, please also com p lete sch edule on reverse s id e ): Pieces D enom ination $ Maturity value 1,000 5,000 10,000 □ 1. D eliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. H old in safekeeping (fo r ac count o f m em ber bank o n ly )0 □ 4. H old as collateral for Treasury Tax and Loan A ccou n t0 □ 5. Special instructions: 100,000 Payment w ill be made as follow s: O B y charge to our account on your books □ By cash or check in im m ediately available funds on delivery □ By surrender of 7 % % Treasury Notes o f Series C -1974 or 4 ,/69S Treasury Bonds o f 1974 1,000,000 Totals ' N o changes in delivery instructions will b e a c c e p te d ) 0 The undersigned certifies that the allotted bonds w ill be ow ned solely b y the undersigned. W e hereby agree not to buy or to sell, or to make any agreem ents with respect to the purchase or sale or other disposition o f any bonds of this issue at a specific rate or price, until after one-thirty p.m., Eastern D aylight Saving time, Thursday, February 7,1974. ( 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 b y C e r t i f y that w e have re ce iv e d tenders from our custom ers in the am ounts set op p osite the custom ers’ nam es on the list w h ich is m ade a part o f this tender; that there has been p a id to us b y each such cu stom er as requ ired b y the official offerin g circular, not su b ject to w ith draw al until after allotm ent, n ot less than 5 p ercen t o f the am ount b id for; that w e have not m ade unsecured loans, or loans collateralized in w h o le or in part b y the b on d s b id for, to su p p ly the am ounts o f such paym ents to any o f such custom ers; that w e have no ben eficial interest in the tenders o f such custom ers; and that n one o f ou r custom ers has any ben eficial interest in the am ount b id fo r our ow n account. W e F u r t h e r C e r t i f y that tenders receiv ed b y us, if any, from other com m ercia l banks fo r their ow n accou n t and fo r the a ccou n t o f their custom ers have been entered w ith us under the same con ditions, a gree ments, and certifications as set forth in this form . (Name of subscriber — please print or type) Insert this tender in special en velope marked “ Tender for Treasury N otes or Bonds ” (Address — please print or type) (Tel. N o.) (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 and amounts desired by each on a separate list attached hereto. IN S T R U C T IO N S : 1. va lu 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 (m aturity 2. Others than com m ercial banks w ill not b e perm itted to subm it tenders except for their ow n account. Banks submitting tenders for customer account may consolidate com petitive tenders at th e sam e price and m ay consolidate noncom petitive tenders, provided a list is attached showing the name o f each bidder, the amount b id for his account, and m ethod o f payment. 3. I f the person making the tender is a corporation, the tender should be signed b y 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 b e construed as a representation by him that he has been so authorized. If the tender is m ade b y a partnership, it should be signed b y a m em 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 w ill 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 bersnip, 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 G overnm ent securities and borrow ings thereon, and G overnm ent accounts. Tenders from others must b e 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. If 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. SCHEDULE FOR ISSUE OF REGISTERED 7% PERCENT TREASURY BONDS OF 1988-93 SUBSCRIPTION NO. F O R F R B USE O N L Y D E L IV E R Y INSTRUCTIONS S U B S C R IB E R | I D E L IV E R O V E R T H E C O U N T E R S IG N A T U R E __ | 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 O T H E R IN S T R U C T IO N S : ISSUE A G E N T 12 ADDRESS Z IP INTEREST COMP. DATE NO. R E G IS TR A T IO N INSTRUCTIONS N A M E (S ) ADDRESS Z IP N A M E (S ) ID O R S.S. NO. ADDRESS Z IP N A M E (S ) M 32 5.000 1,000.000 99 TO TAL 30 1,000 32 5,000 34 10,000 38 100,000 42 1.000,000 ID O R S.S. NO. ADDRESS Z IP 1 ,000 32 5,000 99_ FRB USE o O NLY rr Z IP CD P-> V- cr 0) p 0) TO M -Q £ ST C A S E NO. C/3 TR (O 00 □ □ H □ □ □ a2- □ H-*• < 0) T R . .C A SE NO. P* r-t2 CD cd O I-! o T R . C A S E NO. 1.000 nnn 100.000 T R . C A S E NO. a , S’ ^ 13 ^ 0Q v^- t-o > C. XT' H EL rf Sl a 2L § o S' TO S'! B‘ * § £ §■ o O P ? B o O 100,000 TO TAL bo C/3 38 1.000,000 U p s H 4? M o £ 10,000 99 S 3"1 CD 3 CD C/3 OQ cr O CD C A S E NO. 34 in CD on 3 32 TOTAL >3 « So C/5 CD o 99 u* ^ o 1.000,000 1,000,000 h j c o ^CD 100.000 42 2 1 i S' 2 H ^ H 10.000 TO TAL H 8 TR 5,000 1ft ADDRESS <35 a> FOR 1.000 34 D H ■« O) O QfQ 0) tt> ^ K" B b no-or 32 ID O R S.S. NO . □ O 30 30 N A M E (S ) TO TAL 30 4? □ 05 Co 42 99 AMOUNT SERIAL NOS. (LEAVE BLANK) □ LO A N CODE h-* .v . 100.000 3fi N A M E (S ) __ . . 38 ID O R S.S. NO. Z IP DENOM. 1.000 34 ADDRESS OF P IE C E S 34 ID O R S.S. NO. to CO Q H H 8° r 4 c O- on " o S ’ I 3 P N*. o 63 i-t ft O a. C n> t/j ET o r+ <D PC2o 3 Federal Reserve Bank of New York Securities Department (8th Floor) 33 Liberty Street New York, N. Y. 10045 Tender for Treasury Notes or Bonds
@FedFRASER