The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FED ER AL RESERVE BANK O F NEW YORK Fiscal Agent of the U nited States r Circular No. 7 5 7 0 -• February 13, 1975 "I J AUCTION OF $3.0 BILLION OF TREASURY NOTES Treasury Notes of Series L-1976 and F-1977 T o A ll B anking In stitu tio n s, a n d O thers C oncerned, in th e S econd F ederal R eserve D istrict: As announced in our Circular No. 7569, dated February 11, 1975, the Treasury will sell at auction under competitive and noncompetitive bidding — $1.5 billion of Treasury Notes of Series L-1976, dated and bearing interest from March 3, 1975, maturing August 31, 1976; and $1.5 billion of Treasury Notes of Series F-1977, dated and bearing interest from March 3, 1975, maturing February 28, 1977. The terms of the offerings are set forth in Treasury D epartm ent Circulars Nos. 5-75 and 6-75, Public D ebt Series, dated February 12, 1975; a copy of each is printed on the following pages. This Bank will receive tenders up to 1:30 p.m., Eastern Standard time, W ednesday, February 19, 1975, at the Securities D epartm ent of its H ead 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 18, 1975. Please use the enclosed tender forms to submit tenders, and return them in the enclosed envelope m arked “Tender for Treasury N otes/’ Tenders not requiring a deposit may be submitted by telegraph, subject to w ritten confirmation; no tenders may be subm itted by telephone. Settlem ent for accepted tenders may be made in cash or other immediately available funds, under the conditions and procedures set forth in Section IV of each of the official offering circulars. If paym ent is made by check, the check must be a certified personal check or an official bank check, payable on its face to the Federal Reserve Bank of New York; checks endorsed to this Bank will not be accepted. The notes will be auctioned on a yield basis. Procedures for the auctions are set forth in • Section III of each of the official offering circulars. Tenders at a yield that will produce a price less than 99.751 will not be accepted. Noncomuetitive bidders will be required to pay the average price of accepted competitive tenders; the price will be 100.00 or less. Telephone inquiries regarding this offering may be made by calling Telephone No. 212-791-5823, 212-791-6616, or 212-791-5465. Al f r e d H a y e s , President. UNITED STATES OF AMERICA TREASURY NOTES OF SERIES L-1976 D a te d a n d b earin g in te rest from M arch 3, 1 9 7 5 D u e A u gu st 3 1 , 1 9 7 6 DEPARTMENT OF THE TREASURY, Office of the Secretary, Washington, February 12, 1975. D E P A R T M E N T C IR C U L A R Public D ebt Series — No. 5 -7 5 I. INVITATION FOR TENDERS 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites tenders on a yield basis for $1,500,000,000, or thereabouts, of notes of the United States, designated Treasury Notes of Series L-1976. The interest rate for the notes will be determined as set forth in Section III, paragraph 3, hereof. Addi tional amounts of these notes may be issued at the average price of accepted tenders to Government accounts and to Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities. Tenders will be received up to 1:30 p.m., Eastern Standard time, Wednesday, February 19, 1975, under competitive and noncompetitive bidding, as set forth in Section III hereof. II. DESCRIPTION OF NOTES 1. The notes will be dated March 3, 1975, and will bear interest from that date, pavable on a semiannual basis on August 31. 1975. February 29, 1976. and August 31, 1976. They will mature August 31, 1976, and will not be subject to call for redemption prior to maturity. 2. The income derived from the notes is subject to all taxes imposed under the Internal Revenue 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 im posed on the nrincipal or interest thereof bv any State, or anv of the possessions of the United States, or by any local taxing authority. 3. The notes will be acceptable to secure deposits of public moneys. They will not be acceptable in pay ment of taxes. 4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denominations of $5,000, $10,000, $100,000 and $1,000,000. Book-entry notes will be available to eligible bidders in multiples of those amounts. Inter changes of notes of different denominations and of coupon and registered notes, and the transfer of reg istered notes will be permitted. 5. The notes will be subject to the generr-1 regula tions of the Department of the Treasury, now or here after prescribed, governing United States notes. III. TENDERS AND ALLOTMENTS 1. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public Debt, Washington, D. C. 20226, up to the closing hour, 1:30 p.m. Eastern Standard time, Wednesday, February 19, 1975. Each tender must state the face amount of notes bid for, which must be $5,000 or a multiple thereof, and the yield desired, except that in the case of noncompetitive tenders the term “non competitive” should be used in lieu of a vield. In the case of competitive tenders, the yield must be ex pressed in terms of an annual yield, with two decimals, e.g., 7.11. Fractions may not be used. Noncompeti tive tenders from any one bidder may not exceed $500,000. 2. Commercial banks, which for this purpose are defined as banks accepting demand deposits, and dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Gov ernment securities and borrowings thereon, may sub mit tenders for account of customers provided die names of the customers are set for h in such tenders. Others will not be permitted to submit tenders except 2 have no beneficial interest in the banks’ tenders lor their own account. for their own account. Tenders will be received with out deposit from banking institutions for their own account, Federally-insured savings and loan associa tions, States, political subdivisions or instrumentalities thereof, public pension and retirement and other pub lic funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary mar kets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrow ings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of notes applied for. IV. PAYMENT 1. Settlement for accepted tenders in accordance with the bids must be made or completed on or before March 3, 1975, at the Federal Reserve Bank or Branch or at the Bureau of the Public Debt, Wash ington, D. C. 20226. Payment must be in cash, in other funds immediately available to the Treasury by March 3, 1975, or by check drawn to the order of the Federal Reserve Bank to which the tender is sub mitted, or the United States Treasury if the tender is submitted to it, which must be received at such Bank or at the Treasury no later than: ( 1 ) Wednesday, Feb ruary 26, 1975, if the check is drawn on a bank in the Federal Reserve District of the Bank to which the check is submitted, or the Fifth Federal Reserve Dis trict in the case of the Treasury, or (2) Monday, Feb ruary 24, 1975, if the check is drawn on a bank in another district. Checks received after the dates set forth in the preceding sentence will not be accepted unless they are payable at a Federal Reserve Bank. Payment will not be deemed to have been completed where registered notes are requested if the appropri ate 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 furmch^d. In every case where full payment is not completed, the payment with the tender up to 5 percent of the amount of notes allotted shall, upon declaration made by the Secretary of the Treasuiy in his discretion, be forfeited to the United States. 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 yield range of accepted bids. Those submitting competitive tenders will be advised of the acceptance or rejection thereof. In considering the acceptance of tenders, those with the lowest yields will be accepted to the extent required to attain the amount offered. Tenders at the highest accepted yield will be prorated if necessary. After the determi nation is made as to which tenders are accepted, an interest rate will be established at the nearest Vs of one percent necessary to make the average accepted price 100.00 or less. That will be the rate of interest that will be paid on all of the notes. Based on such interest rate, the price on each competitive tender allotted will be determined and each successful com petitive bidder will be required to pay the price cor responding to the yield bid. Price calculations will be carried to three decnnal places on t^e basis of nrice per hundred, e.g., 99.923, and the determinations of the Secretary of the Treasury shall be final. The Sec retary of the Treasury expressly reserves the right to accept or reject any or all tenders, in whole or in part, including the right to accept tenders for more or less than the $1,500,000,000 of notes offered to the public, and his action in any such respect shall be final. Sub ject to these reservations, noncompetitive tenders for $500,000 or less without stated yield from any one bidder will be accepted in full at the average price (in three decimals) of accepted competitive tenders. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to re ceive tenders, to make such allotments as may be pre scribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive payment for and make delivery of notes on full-paid tenders al lotted, and they may issue interim receipts pending delivery of the definitive notes. 4. All bidders are required to agree not to pur chase or 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 Standard time, Wednesday, Feb ruary 19, 1975. 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 Federal Reserve Banks. 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 ac count of their customers, and that their customers STEPHEN S. GARDNER, Acting Secretary of the Treasury. 3 UNITED STATES OF AMERICA TREASURY NOTES OF SERIES F-1977 D a te d a n d b e arin g in terest from M arch 3, 1975 D u e F e b ru a ry 28, 1S77 DEPARTMENT OF TH E TREASURY, Office of the Secretary, W ashington, February 12, 1975. D E P A R T M E N T C IR C U L A R Public Debt Series — No. 6-7 5 I. INVITATION FOR TENDERS III. TENDERS AND ALLOTMENTS 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites tenders on a yield basis for $1,500,000,000, or thereabouts, of notes of the United States, designated Treasury Notes of Series F-1977. The interest rate for the notes will be determined as set forth in Section III, paragraph 3, hereof. Addi tional amounts of these notes may be issued at the average price of accepted tenders to Government accounts and to Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities. Tenders will be received up to 1:30 p.m., Eastern Standard time, Wednesday, February 19, 1975, under competitive and noncompetitive bidding, as set forth in Section III hereof. 1. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public Debt, Washington, D. C. 20226, up to the closing hour, 1:30 p.m. Eastern Standard time,Wednesday, February 19, 1975. Each tender must state the face amount of notes bid for, which must be $5,000 or a multiple thereof, and the yield desired, except that in the case of noncompetitive tenders the term “non competitive” should be used in lieu of a yield. In the case of competitive tenders, the yield must be expressed in terms of an annual yield, with two deci mals, e.g., 7.11. Fractions may not be used. Non competitive tenders from any one bidder may not exceed $500,000. 2. Commercial banks, which for this purpose are defined as banks accepting demand deposits, and 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, may submit tenders for account of customers provided the names of the customers are set forth in such tenders. Others will not be permitted to submit tenders except for their own account. Tenders will be received without deposit from banking institutions for the^r own account, Federally-insured savings and loan associations, States, political subdivisions or instru mentalities 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. Ten ders from others must be accompanied bv mvment of 5 percent of the face amount of notes applied for. II. DESCRIPTION OF NOTES 1. The notes will be dated March 3, 1975, and will bear interest from that date, payable on a semiannual basis on August 31, 1975, February 29, 1976, August 31, 1976, and February 28, 1977. They will mature February 28, 1977, and will not be subject to call for redemption prior to maturity. 2. The income derived from the notes is subject to all taxes imposed under the Internal Revenue 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 possessions of the United States, or by any local taxing authority. 3. The notes will be acceptable to secure deposits of public moneys. They will not be acceptable in payment of taxes. 4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denominations of $5 ,000, $10,000, $100,000 and $1,000,000. Book-entry notes will be available to eligible bidders in multiples of those amounts. Inter changes of notes of different denominations and of coupon and registered notes, and the transfer of registered notes will be permitted. 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 yield range of accented bids. Those sub mitting competitive tenders will be advised of the acceptance or rejection thereof. In considering the acceptance of tenders, those with the lowest yields will be accented to the extent renuired to attain the amount offered. Tenders at the highest accepted yield will be prorated if necessary. After the deter 5. The notes will be subject to the general regu lations of the Department of the Treasury, now or hereafter prescribed, governing United States notes. 4 March 3, 1975, or by check drawn to the order of the Federal Reserve Bank to which the tender is sub mitted, or the United States Treasury if the tender is submitted to it, which must be received at such Bank or at the Treasury no later than: (1) Wednes day, February 26, 1975, if the check is drawn on a bank in the Federal Reserve District of the Bank to which the check is submitted, or the Fifth Federal Reserve District in the case of the Treasury, or (2) Monday, February 24, 1975, if the check is drawn on a bank in another district. Checks received after the dates set forth in the preceding sentence will not be accepted unless thev are payable at a Federal Reserve Bank. Payment will not be deemed to have been completed where registered notes 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 num ber or an employer identification number) is not fur nished. In every case where full payment is not completed, the payment with the tender u p 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. mination is made as to which tenders are accepted, an interest rate will be established at the nearest Vs of one percent necessary to make the average accepted price 100.00 or less. That will be the rate of interest that will be paid on all of the notes. Based on such interest rate, the price on each competitive tender allotted will be determined and each successful com petitive bidder will be required to pay the price cor responding to the yield bid. Price calculations will be carried to three decimal places on the basis of price per hundred, e.g., 99.923, and the determinations of the Secretary of the Treasury shall be final. The Secre tary of the Treasury expressly reserves the right to accept or reject any or all tenders, in whole or in part, including the right to accept tenders for more or less than the $1,500,000,000 of notes offered to the public, and his action in any such respect shall be final. Subject to these reservations, noncomnetitive tenders for $500,000 or less without stated vield from any one bidder will be accepted in full at the average price (in three decimals) of accepted competitive tenders. 4. All bidders are required to agree not to pur chase or sell, or to make any agreements with respect to the purchase or sale or other disposition of anv notes of this issue at a specific rafe or price, until after 1:30 p.m.. Eastern Standard time, Wednesday, February 19, 1975. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to re ceive tenders, to make such allotments as may be pre scribed by the Secretary of the Treasury, to issue such notices as mav be necessary, to receive payment for and make delivery of notes on full-paid tenders al lotted, and thev may issue interim receipts pending delivery of the definitive notes. 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 ac count of their customers, and that their customers have no beneficial interest in the banks’ tenders for their own account. IV. PAYMENT 1. Settlement for accepted tenders in accordance with the bids must be made or completed on or before March 3, 1975, at the Federal Reserve Bank or Branch or at the Bureau of the Public Debt, Wash ington, D. C. 20226. Payment must be in cash, in other funds immediately available to the Treasury by 5 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 Federal Reserve Banks. STEPHEN S. GARDNER, Acting Secretary of the Treasury. lMi'UKTANT — Closing time for receipt of this tender is 1:30 p.m., Wednesday, February 19,1975. TENDER FOR TREASURY NOTES OF SERIES L-1976 Dated March 3,1975 Due August 31,1976 Dated a t .................................... F e d e r a l R eser v e B a n k o f N e w Y ork, Fiscal Agent of the United States, New York, N. Y. 10045 .,19. Pursuant to the provisions of Treasury Department Circular No. 5-75, Public Debt Series, dated February 12, 1975, the undersigned hereby offers to purchase United States of America Treasury Notes of Series L-1976 in the amount indicated below, and agrees to make payment therefor at your Bank on or before the issue date at the price awarded on this tender. COMPETITIVE TENDER D o not fill in b o th C o m p e titive a n d N o n c o m p e titiv e tenders on one fo rm $ .................................................... (maturity value) or any lesser amount that may be awarded. Y ield:.......... NONCOMPETITIVE TENDER $ ................................................... (maturity value) (N o t to exceed $500,000 fo r one b id d er through all sources) at the average price of accepted competitive bids. (Y ield m u st be expressed w ith not m ore th a n tw o d ecim a l places, fo r exam ple, 7 .1 1 ) Subject to allotment please issue, deliver, and accept payment for the securities as indicated below and on the reverse side ( if registered securities are desired, please also complete schedule on reverse side): Pieces D en o m in atio n $ M atu rity value 5,000 10,000 100,000 1,000,000 T o tals □ 1. D eliv er over th e co u n ter to th e u n d ersig n ed □ 2. Ship to th e u n d ersig n ed □ 3. H old in safek eep in g (fo r m em b e r b a n k o n ly ) in — □ □ □ In v estm en t A ccount G eneral A ccount T ru st A ccount P ay m en t w ill b e m ad e as follow s: □ By charge to o u r reserve account □ By cash or check in im m ed ia tely available fu n d s on delivery □ 5. Special instructions: □ 4. H o ld as collateral for T reasu ry Tax a n d L oan A ccount* (N o changes in d elivery instructions w ill be accepted) ° T h e u n d ersig n ed certifies th a t th e allo tted securities w ill b e ow ned solely by th e undersigned. We 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 securities of this issue at a specific rate or price, until after one-thirty p.m., Eastern Standard time, Wednesday, February 19,1975. ( If a co m m ercial ban k is su bscribing fo r its ow n acco u n t or for acco u n t of custom ers, th e follow ing certifications are m ade a p a rt of this te n d e r .) 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 securities 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. (N am e of subscriber — please print or type) Insert this tender in special envelope marked “Tender for Treasury Notes” “ “ (A dd ress— incl. City and State) (T el. N o.) (Signature of subscriber or authorized signature) (T itle of authorized signer) (B anking institutions su b m ittin g ten d ers for custom er a cco u n t m u st list custom ers’ nam es on lines belo w or on an a ttach ed rider) (N am e of customer) (N am e of customer) IN S T R U C T IO N S : 1. v a lu e ). N o te n d e r for less th an $5,000 will b e considered; an d each ten d er m ust b e for a m ultip le of $5,000 (m atu rity 2. O nly b a n k in g institutions, an d dealers w ho m ake prim ary m ark ets in G overnm ent securities an d re p o rt d aily to this B ank th eir p ositions w ith resp ect to G overnm ent securities a n d borrow ings thereon, m ay subm it tenders for custom er account; in doing so, th ey m ay consolidate com petitive ten d ers at th e sam e yield an d m ay consolidate n oncom petitive ten d ers, pro v id ed a list is a tta c h e d show ing the n am e of each b id d e r a n d the am o u n t b id for his account. O thers will n o t be p e rm itte d to su b m it tenders except for th eir ow n account. 3. If th e person m aking th e ten d e r is a corporation, th e ten d e r should b e signed b y an officer of th e corporation a u th o r ized to m ake th e ten d er, an d th e signing of th e ten d e r by an officer of the corporation will be construed as a representation by him th a t he has been so au th o rized . If th e te n d e r is m ade by a p artn ersh ip , it should b e signed by a m em ber of th e firm, w ho sh o u ld sign in the form “ ..................................................................................................... . a co p artn ersh ip , b y .................................... ......................................................... a m em b er of the firm .” 4. T e n d e rs w ill b e received w ith o u t deposit from com m ercial and o th er banks for th e ir ow n account, F ederally-insured savings and loan associations, States, p o litical subdivisions or instrum entalities th ereo f, p u b lic pension and re tirem e n t and o th er p u b lic funds, in te rn atio n al organizations in w hich th e U nited States holds m em bership, foreign cen tral banks and foreign States, dealers w ho m ake prim ary m arkets in G overnm ent securities and re p o rt daily to th e F ed eral R eserve Bank of N ew York their positions w ith re sp ec t to G o v ern m en t securities an d borrow ings thereon, a n d G overnm ent accounts. T en d ers from others m ust b e accom panied b y p a y m e n t o f 5 p e rc e n t of the face a m o u n t of securities applied for. All checks m ust b e draw n to the o rd e r of th e F e d e ra l R eserve Bank of N ew York; checks e ndorsed to this Bank will n o t b e accepted. 5. If the lan g u ag e of this te n d e r is ch an g ed in any respect, w hich, in the opinion of th e S ecretary of the T reasu ry th e te n d e r m ay be disreg ard ed . is m ate ria l, SUBSCRIPTION NO. SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES L-1976 D E L IV E R Y INST RUCT IONS FOR FR B USE O N LY SU BSCRIBER | 1D E L IV E R OVER T H E C O U N T E R SIG N A T U R E _ | I SH IP T O S U B S C R IB E R [ 3 TRANS. ACCOUNTING DATE O T H E R IN S T R U C T I O N S : ISSUE AGENT 12 ADDRESS MAR. 3, 1975 _ZJP_ REGISTRATION N O . OF P IE C E S INSTRUCTIONS DENOM. AMOUNT ,L9 f t N c o p e B 1 1 0 -0 1 S E R IA L N O S . (L E A V E B L A N K ) FOR FRB USE ONLY a, scr NAME(S) cd 32 34 ID OR S.S. NO. ADDRESS ZIP § 5 .0 0 0 ......... 11. (X.>i 38 1Q 0. 000 42 1 .0 0 0 .0 0 0 99 TO TA L <3 -Q H I !i s TR CASE NO. sst NAME(S) 32 5 .0 0 0 34 1 0 .0 0 0 38 1 0 0 .0 0 0 42 1 .0 0 0 ,0 0 0 99 TO TA L ID OR S.S. NO. ADDRESS co ZIP TR CASE NO. NAME(S) 32 5 .0 0 0 34 1 0 .0 0 0 ID OR S.S. NO. 99 TO TA L TR . .CASE NO. ZIP 42 1 .0 0 0 .0 0 0 99 TO TA L n NAME(S) ID OR S.S. NO. 3? . . . A... 34 11 '(»'!'! v< ADDRESS Z IP 1 0 0 .0 0 0 4? 1 .0 0 0 ,0 0 0 99 TO TA L p V) o T R . CASE NO. o o o oC D CD & cu o I s 3 E- eL -S »0 3. I 8 £ o* o' h S to a cp ss ■1 > T R . CASE NO. a CD o- Cft cn 5* g«• 2c ° p es B, O I2 1 » rt* ip gs ' o 3 ffe •-t p g CD W CD ► a c C/3 n* O Qo CD Pcr > e 2 o - O ® 3 0 1 0 0 .0 0 0 ADDRESS SI O O SC CD CD 11 s I3 — o 5 ,0 0 0 1 0 ,0 0 0 ID OR S.S. NO. o >—* o C/3 n is ‘k g . K o^ 8ts oS3 S' p P C D (-*■ NAME(S) 32 <» □ □ □ □ S’ e 1 .0 0 0 .0 0 0 ZIP 00 □□ cl 1 0 0 .0 0 0 ADDRESS 1 1 I IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Wednesday, February 19, 1975. TENDER FOR TREASURY NOTES OF SERIES F-1977 Dated March 3, 1975 Due February 28, 1977 Dated a t .................................................... Fiscal Agent of the United States, New York, N. Y. 10045 ......................................................... ,1 9 .. Pursuant to the provisions of Treasury Department Circular No. 6-75, Public Debt Series, dated February 12, 1975, the undersigned hereby offers to purchase United States of America Treasury Notes of Series F-1977 in the amount indicated below, and agrees to make payment therefor at your Bank on or before the issue date at the price awarded on this tender. F ed e r a l R eserve B a n k o f N e w Y ork, COMPETITIVE TENDER Do not fill in b o th C o m p e titive and N o n c o m p e titiv e tenders on one fo rm $ .................................................... (maturity value) or any lesser amount that may be awarded. Y ield:......... NONCOMPETITIVE TENDER $ ................................................... (maturity value) (N o t to exceed $500,000 fo r one b id d er through all sources) at the average price of accepted competitive bids. (Y ie ld m u st be expressed w ith not m ore than tw o d e cim a l places, fo r exam ple, 7 .1 1 ) Subject to allotment please issue, deliver, and accept payment for the securities as indicated below and on the reverse side (if registered securities are desired, please also complete schedule on reverse side): P ieces D e n o m in atio n $ M atu rity v alue 5,000 □ 1. D eliv er over th e co u n ter to th e u n d ersig n ed □ 2 . S hip to th e u n d ersig n ed □ 3. 10,000 □ □ □ 100,000 1,000,000 T o tals H old in safek eep in g (fo r m em b e r b a n k o n ly ) in — □ 4 In v estm en t A ccount G eneral A ccount T ru st A ccount P ay m en t w ill b e m ad e as follow s: □ By charge to o ur reserve account □ By cash or check in im m ed ia tely available fu n d s on delivery □ 5. Special instructions: H o ld as collateral for T reasu ry T ax a n d L oan A ccount* (N o changes in d elivery instructions w ill be a ccepted) ° T h e u n d ersig n ed certifies th a t th e allo tted securities will b e ow ned solely by the u ndersigned. We 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 securities of this issue at a specific rate or price, until after one-thirty p.m., Eastern Standard time, Wednesday, February 19,1975. ( I f a com m ercial b a n k is subscribing fo r its ow n a cco u n t or for a cco u n t of custom ers, th e follow ing certifications are m ad e a p a rt of this te n d e r.) 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 securities 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. (N am e of subscriber — please print or type) Insert this tender in special envelope marked “Tender for Treasury Notes” (Address — incl. City and State) (T el. N o .) (Signature of subscriber or authorized signature) (T itle of authorized signer) (B anking institutions su b m ittin g ten d ers for custom er a cco u n t m u st list custom ers nam es on lines belo w or on an atta ch e d rider) (N am e of customer) (N am e of customer) IN S T R U C T IO N S : 1. v a lu e ). N o te n d e r for less th an $5,0C0 w ill b e considered; an d each ten d e r m ust b e for a m u ltip le of $5,000 (m atu rity 2. O nly b a n k in g institutions, an d dealers w ho m ake prim ary m ark ets in G overnm ent securities an d rep o rt d aily to this B ank th eir positions w ith resp ect to G overnm ent securities an d borrow ings thereon, m ay subm it tenders for custom er account; in do in g so, th ey m ay consolidate com petitive ten d ers at th e sam e yield and m ay consolidate n oncom petitive ten d ers, p rovided a list is atta ch e d show ing th e nam e of each b id d er an d the am o u n t b id for his account. O thers w ill not b e p e rm itte d to su b m it ten d ers except for th eir ow n account. 3. If th e person m aking th e ten d e r is a corporation, th e ten d e r should b e signed by an officer of th e corporation a u th o r ized to m ake th e ten d er, an d th e signing of th e ten d e r by an officer of th e corporation will be construed as a representation by him th a t he has been so au th o rized . If th e te n d e r is m ad e by a p artn ersh ip , it should be signed by a m em b er of th e firm, w ho should sign in th e form “ ........................ ..................................................: ..................., a co p artn ersh ip , b y ..................................... ......................................................... a m em b e r of th e firm.” 4. T en d ers will b e received w ith o u t deposit from com m ercial and o th er banks for th eir ow n account. F ed erally -in su red savings and loan associations, States, political subdivisions or instrum entalities thereof, pub lic pension and re tirem e n t and o th er p u b lic funds, in te rn atio n al organizations in w h ich th e U nited States holds m em bership, foreign c en tral banks and foreign States, dealers w ho m ake prim ary m arkets in G ov ernm ent securities and rep o rt daily to th e F ed eral R eserve Bank of N ew York th eir positions w ith re sp ec t to G overnm ent securities and borrow ings thereon, a n d G overnm ent accounts. T en d ers from others m u st b e accom panied b y p a y m e n t o f 5 p e rc e n t of th e face a m o u n t of securities a pplied for. All checks m u st b e d ra w n to the o rd e r of th e F e d e ra l R eserve Bank of N ew York; checks e ndorsed to this Bank will n o t b e accepted. 5. If the lan e u ag e of this te n d e r is ch an g ed in any resp ect, w hich, in the opinion of the S ecretary of th e T reasu ry is m ate ria l, th e te n d e r m ay be disregarded. SUBSCRIPTION NO. SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES F-1977 ----------------------------------------------------j*--------------------------------------------------------------------------------D E L I V E R Y INST RUCT IO NS FOR FRB USE O N LY SU BSCRIBER | I DELIVER OVER THE COU NTER SIG N A TU R E_ I \ Q TRANS. ACCOUNTING DATE SHIP TO SUBSCRIBER W to OTHER INSTRUCTIONS: ISSUE AGENT 12 kaAN.CQPE ADDRESS REGISTRATION □ □ □ | w td O ® MAR. 3, 1975 _iiP_ § * 1 1 0 -0 1 N O . OF P IE C E S INSTRUCTIONS DEN0M. AMOUNT SERIAL NOS. (LEAVE BLANK) FOR FRB USE 5.000 34 10 0 00 cm. & • & B. 8 fll §■• ONLY *5, <g § ^* l i NAME(S) 32 M c5 -Cj s H ID OR S.S. NO. ADDRESS ZIP 38 100.000 42 1.000.000 99 TO TA L H I s CD TR CASE NO. NAME(S) 32 ID OR S.S. NO. ADDRESS S3 C /l ft 5.000 34 1 0 .0 0 0 38 100.000 42 1.000,000 eft t=s 5* to ZIP 99 TO TA L TR CASE NO. NAME(S) 32 34 ID OR S.S. NO. a o 5.000 10.000 4? ZIP 99 1.000.000 to ta l T R . .CASE NO. •-i ID OR S.S. NO. ADDRESS ZIP 32 5.000 34 10.000 3fl 100.000 42 1.000.000 99 to ta l 32 ADDRESS W 4? Z IP 1.000.000 99 to ta l S’ O Q P § p O TR. CASE NO. tip If. .(!!l 100.000 34 ID OR S.S. NO. o' X- «* 0) CL o Sa NAME(S) EL £L o' NAME(S) TR. CASE NO. tJ o CD S’ ? ? I CL O. a. <e; f a > < •t>1 •1 e s o 8 8 CS t=3 2 c. ID' ff- S p p C 100,000 ADDRESS a a 2- n> □ □ 3. S' ► 1 af^ 35**• ots & o &3 rt* o S3 •-t ft >a c ft V) ft CL . cr 2L <T 3
@FedFRASER