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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States [ Circular No. 7685 August 8, 1975 AUCTION OF $4 BILLION OF TREASURY NOTES Treasury Notes of Series L-1977 and F-1979 To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: As announced in our Circular No. 7684, dated August 7, 1975, the Treasury will sell at auction under competitive and noncompetitive bidding— $2.0 billion of Treasury Notes of Series L-1977, dated and bearing interest from August 29, 1975, maturing August 31, 1977; and $2.0 billion of Treasury Notes of Series F-1979, dated and bearing interest from September 4, 1975, maturing September 30, 1979. The terms of the offerings are set forth in Treasury Department Circulars Nos. 26-75 and 27-75, Public Debt Series, dated August 7, 1975; a copy of each is printed on the following pages. This Bank will receive tenders—for the notes of Series L-1977, up to 1:30 p.m., Eastern Daylight Saving time, Thursday, August 14, 1975; and for the notes of Series F-1979, up to 1:30 p.m., Eastern Daylight Saving time, Thursday, August 21, 1975—at the Securities Department 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 August 13 for the notes o f Series L-1977, and August 20 for the notes of Series F-1979. Please use the enclosed 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 may be made in cash or other immediately available funds, under the conditions and procedures set forth in Section IV of the official offering circulars. If payment 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, rather than on a price basis, as set forth in Section III of the official offering circulars. Tenders at a yield that will produce a price less than 99.501 for the notes of Series L-1977 and 99.001 for the notes of Series F-1979 will not be accepted. Noncompetitive bidders will be required to pay the average price of accepted competitive tenders. Telephone inquiries regarding this offering may be made by calling Telephone No. 212-791-5823, 212-791-6616, or 212-791-5465. P aul A. V olcker, President. UNITED STATES OF AMERICA T R E A S U R Y NO TES OF SERIES L-1977 Dated and bearing interest from August 29, 1975 Due August 31, 1977 DEPARTMENT OF THE TREASURY, Office of the Secretary, Washington, August 7, 1975. DEPARTMENT CIRCULAR Public Debt Series—No. 26-75 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 $2 ,000 ,000 ,000 , or thereabouts, of notes of the United States, designated Treasury Notes of Series L-1977. The interest rate for the notes will be determined as set forth in Section III, paragraph 3, hereof. Additional 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 inter national monetary authorities. Tenders will be received up to 1:30 p.m., Eastern Daylight Saving time, Thursday, August 14, 1975, under competitive and noncompetitive bidding, as set forth in Section III hereof. II. DESCRIPTION OF NOTES 1. The notes will be dated August 29, 1975, and will bear interest from that date, payable on a semiannual basis on February 29, 1976, August 31, 1976, February 28, 1977, and August 31, 1977. They will mature August 31, 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 regis tered notes will be permitted. 5. The notes will be subject to the general regulations of the Department of the Treasury, now or hereafter 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 Daylight Saving time, Thursday, August 14, 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 “noncompetitive” 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 decimals, e.g., 7 . 11. Fractions may not be used. Noncompetitive 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 deal ers who make primary markets in Government secu rities 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 their own account, Federallyinsured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of notes applied for. 2 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. Ten ders at the highest accepted yield will be prorated if necessary. After the determination 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 100.000 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 com petitive tender allotted will be determined and each successful competitive bidder will be required to pay the price corresponding 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 Secretary 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 $2 ,000 ,000,000 of notes offered to the public, and his action in any such respect shall be final. Subject 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. IV. PAYMENT 1. Settlement for accepted tenders in accordance with the bids must be made or completed on or before August 29, 1975, at the Federal Reserve Bank or Branch or at the Bureau of the Public Debt, Washing ton, D. C . 20226. Payment must be in cash, in other funds immediately available to the Treasury by August 29, 1975, or by check drawn to the order of the Federal Reserve Bank to which the tender is submitted, or the United States Treasury if the tender is submitted to it, 3 which must be received at such Bank or at the Treasury no later than: ( 1 ) Tuesday, August 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 ) Friday, August 22, 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 appropriate identifying number as required on tax returns and other documents submitted to the Internal Revenue Service (an individual’s social security number or an employer identification number) is not furnished. In every case where full payment is not completed, the payment with the tender up to 5 percent of the amount of notes allotted shall, upon declaration made by the Secretary of the Treasury in his discretion, be forfeited to the United States. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive tenders, to make such allotments as may be prescribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive payment for and make delivery of notes on full-paid tenders allotted, and they may issue interim receipts pending delivery of the definitive notes. 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or amenda tory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve Banks. STEPHEN S. GARDNER, Acting Secretary of the Treasury. UNITED STATES OF AMERICA T R E A SU R Y NO TES OF SERIES F -1979 Dated and bearing interest from September 4, 1975 d e p a rtm e n t c ir c u la r Public Debt Series-No. 2775 Due September 30, 1979 DEPARTMENT OF THE TREASURY, Office of the Secretary, Washington, August 7, 1975. 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 $2 ,000 ,000 ,000 , or thereabouts, of notes of the United States, designated Treasury Notes of Series F-1979. The interest rate for the notes will be determined as set forth in Section III, paragraph 3, hereof. Additional 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 inter national monetary authorities. Tenders will be received up to 1:30 p.m., Eastern Daylight Saving time, Thursday, August 21, 1975, under competitive and noncompetitive bidding, as set forth in Section III hereof. II. DESCRIPTION OF NOTES 1. The notes will be dated September 4, 1975, and will bear interest from that date, payable on a semi annual basis on March 31 and September 30, 1976, and thereafter on March 31 and September 30 in each year until the principal amount becomes payable. They will mature September 30, 1979, 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 $1,000, $5,000, $10,000, $100,000 and $1,000,000. Book-entry notes will be available to eligible bidders in multiples of those amounts. Interchanges of notes of different denomina tions and of coupon and registered notes, and the transfer of registered notes will be permitted. 5. The notes will be subject to the general regulations of the Department of the Treasury, now or hereafter 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 Daylight Saving time, Thursday, August 21, 1975. Each tender must state the face amount of notes bid for, which must be $ 1,000 or a multiple thereof, and the yield desired, except that in the case of noncompetitive tenders the term “noncompetitive” 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 decimals, e.g., 7.11. Fractions may not be used. Noncompetitive 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 deal ers who make primary markets in Government secu rities 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 their own account, Federallyinsured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of notes applied for. to it, which must be received at such Bank or at the 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. Ten ders at the highest accepted yield will be prorated if necessary. After the determination 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 100.000 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 com petitive tender allotted will be determined and each successful competitive bidder will be required to pay the price corresponding 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 Secretary 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 Treasury no later than; (1) Friday, August 29, 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) Wednesday, August 27, 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 appropriate identifying number as required on tax returns and other documents submitted to the Internal Revenue Service (an individual’s social security number or an employer identification number) is not furnished. In every case where full payment is not completed, the payment with the tender up to 5 percent of the amount of notes allotted shall, upon declaration made by the Secretary of the Treasury in his discretion, be forfeited to the United States. V. GENERAL PROVISIONS than the $2,000,000,000 of notes offered to the public, 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive tenders, to make such allotments as may be prescribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive payment for and make delivery of notes on full-paid tenders allotted, and they may issue interim receipts pending delivery of the definitive notes. and his action in any such respect shall be final. Subject 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. IV. PAYMENT 1. Settlement for accepted tenders in accordance with the bids must be made or completed on or before September 4, 1975, at the Federal Reserve Bank or Branch or at the Bureau of the Public Debt, Washing ton, D. C. 20226. Payment must be in cash, in other funds immediately available to the Treasury by Septem ber 4, 1975, or by check drawn to the order of the Federal Reserve Bank to which the tender is submitted, or the United States Treasury if the tender is submitted 5 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or amenda tory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve Banks. STEPHEN S. GARDNER, Acting Secretary o f the Treasury. FORM NA-1 IMPORTANT—Closing time for receipt of this tender is 1:30 p.m., Thursday, August 14, 1975. T E N D E R FO R T R EASU R Y N O T E S O F SE R IE S L-1977 Dated August 29, 1975 F ederal R eserv e B ank of N ew Y Due August 31, 1977 Dated a t...................................................... ork, Fiscal Agent of the United States, New York, N. Y. 10045 .......................................................... . 19 _ Pursuant to the provisions of Treasury Department Circular No. 26-75, Public Debt Series, dated August 7, 1975, the undersigned hereby offers to purchase United States of America Treasury Notes of Series L-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. COMPETITIVE TENDER Do not fill in both competitive and Noncompetitive tenders on one form NONCOMPETITIVE TENDER $.......................................................(maturity value) or any lesser amount that may be awarded. $.......................................................(maturity value) Yield: .......... at the average price of accepted competitive bids. (Not to exceed $500,000 for one bidder through all sources) (Yield must be expressed with not more than two decimal places, for example, 7.11) 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 Denomination $ Maturity value 5,000 10.000 100.000 1,000,000 □ I. Deliver over the counter to the un dersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for member bank only) in — □ Investment Account □ General Account □ Trust Account □ 4. Hold as collateral for Treasury Tax and Loan Account* Payment will be made as follows: □ By charge to our reserve account □ By cash or check in immediately available funds □ 5. Special instructions. (No changes in delivery instructions will be accepted) Totals * The undersigned certifies that the allotted securities will be ow ned solely by the undersigned. ( I f a com mercial bank or dealer is subscribing for its ow n account or for account o f customers, the follow ing certifications are m ade a part o f this tender.) W e H e r e b y C e r t if y that we have received tenders from our customers in the amounts set forth opposite the customers’ names on the list which is made a part of this tender, and that we have either received and are holding for the Treasury or we guarantee payment to the Treasury of deposits stipulated in the official offering circular. W e F u r t h e r C e r t if 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, agreements, 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 fo r Treasury Notes or Bonds ” (Address—incl. City and State) (T e l. N o .) (Signature of subscriber or authorized signature) (Title of authorized signer) (Banking institutions submitting tenders for custom er account must list custom ers’ nam es on lines below or on an attached rider) (N am e of customer (N am e of customer) IN ST R U C T IO N S: 1. N o tender for less than than $5,000 will be considered; and each tender must be for a multiple o f $5,000 ( maturity valu e). 2. Only banking institutions, and dealers w ho make primary markets in G overnm ent securities and report daily to this Bank their positions with respect to G overnm ent securities and borrowings thereon, may subm it tenders for custom er account; in doing so, they may consolidate com petitive tenders at the same yield and may consolidate noncom petitive tenders, provided a list is attached show ing the name o f each bidder and the am ount bid for his account. Others will not be permitted to submit tenders except for their ow n account. 3. If the person making the tender is a corporation, the tender should be signed by an officer o f the corporation authorized to make the tender, and the signing o f the tender by an officer o f the corporation will be construed as a representation by him that he has been so authorized. If the tender is m ade by a partnership, it should be signed by a member 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 mercial and other banks for their own account, federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds m embership, 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 G overnm ent accounts. Tenders from others must be accom panied by paym ent o f 5 percent o f the face am ount o f the securities applied for. All checks must be drawn to the order o f the Federal Reserve Bank o f N ew York; checks endorsed to this Bank will not be accepted. 5. If the language o f this tender is changed in any respect that, in the opinion o f the Secretary o f the Treasury, is m atenal, the tender may be disregarded. (OVER) SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES L-1977 SUBSCRIPTION NO. S U B S C R IB E R . S IG N A T U R E _ DELIVERY INSTRUCTIONS PAYMENT INSTRUCTIONS □ D E LIVER OVER THE C O U NTE R □ □ S H IP TO SU BSCIBER _ □ □ O TH ER IN STR U CTIO N S: FOR FRB USE ONLY BY C H AR G E TO O UR RESERVE A C C O U N T TR AN S. A C C O U N TIN G D ATE BY CASH OR C H E C K lN IMMEDIATELY AVAILABLE FUNDS ISSUE AGENT 12 A D D R E S S ___ LOAN CODE August 29, 1975 ZIP IN TER EST CO M P. DATE NO. OF PIECES R EG IST R AT IO N IN STR U C TIO N S DENOM. AM OUNT (LEAVE BLANK) 110-01 FOR FR B USE ON LY N A M E(S) 5,000 32 10,000 ID OR S.S. NO. 100,000 ADDRESS 1,000,000 ZIP 99 total TR. C ASE NO. N AM E(S) 5,000 10,000 ID OR S.S. NO. 100,000 ADDRESS 1 ,000,000 ZIP 99 total TR C A SE NO. N A M E (S ) 5,00C 10,000 ID OR S.S. NO. 100,000 ADDRESS 1 ,000,000 ZIP 99 TO TAL TR. C A S E NO. N A M E (S ) 5,000 10,000 ID OR S.S. NO. 100,000 A D D R ESS 42 ZIP 99 1 , 000,000 TO TAL TR. CASE NO. N A M E(S) 5,000 10,000 ID OR S.S. NO. 100,000 ADDRESS , 1 000,000 ZIP TO TAL TR. C A SE NO. FORM NA-2 IM PORTANT—Closing time for receipt of this tender is 1:30 p.m., Thursday, August 21, 1975. TENDER FOR TREASURY NOTES OF SERIES F-1979 Dated September 4, 1975 F ed e r a l R e serv e B a n k of N ew Y Due September 30, 1979 Dated a t........................................... ork, Fiscal Agent of the United States, New York, N. Y. 10045 1 9_ Pursuant to the provisions of Treasury Department Circular No. 27-75, Public Debt Series, dated August 7, 1975, the undersigned hereby offers to purchase United States of America Treasury Notes of Series F-1979 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 Do not fill in both competitive and Noncompetitive tenders on one form NONCOMPETITIVE TENDER $....................................................... (maturity value) or any lesser amount that may be awarded. $....................................................... (maturity value) Yield: .......... at the average price of accepted competitive bids. ( Not to exceed $500,000 fo r one bidder through all sources) ( Yield must be expressed with not more than two decimal places, fo r example, 7.11) 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 Denomination $ Maturity value 1,000 5,000 10,000 100,000 1,000,000 □ 1. Deliver over the counter to the un dersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for member bank only) in — □ Investment Account □ General Account □ Trust Account □ 4. Hold as collateral for Treasury Tax and Loan Account* Payment will be made as follows: □ By charge to our reserve account □ By cash or check in immediately available funds □ s. Special instructions. (No changes in delivery instructions will be accepted) Totals * The undersigned certifies that the allotted securities will be owned solely by the undersigned. (If a commercial bank or dealer is subscribing for its own account or for account o f customers, the following certifications are made a part o f this tender.) W e H e r e b y C e r t if y that we have received tenders from our customers in the amounts set forth opposite the customers’ names on the list which is made a part of this tender, and that we have either received and are holding for the Treasury or we guarantee payment to the Treasury of deposits stipulated in the official offering circular. W e F u r t h e r C e r t if 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, agreements, and certifications as set forth in this form. (N am e of subscriber—please prim or type) Insert this tender in special envelope marked “Tender fo r Treasury Notes or Bonds ” (Address—incl. City and State) (Tel. No.) ( Signature of subscriber or authorized signature) (Title of authorized signer) (Banking institutions submitting tenders for customer account must list customers’ names on lines below or on an attached rider) (N am e of customer (N am e of customer) in s t r u c t io n s . 1. No tender for less than $1,000 will be considered; and each tender must be for a multiple o f $1,000 (maturity value). 2. Only banking institutions, and dealers who make primary markets in Government securities and report daily to this Bank their positions with respect to Government securities and borrowings thereon, may submit tenders for customer account; in doing so, they may consolidate competitive tenders at the same yield and may consolidate noncompetitive tenders, provided a list is attached showing the name o f each bidder and the amount bid for his account. Others will not be permitted to submit tenders except for their own account. 3. If the person making the tender is a corporation, the tender should be signed by an officer o f the corporation authorized to make the tender, and the signing o f the tender by an officer o f the corporation will be construed as a representation by him that he has been so authorized. If the tender is made by a partnership, it should be signed by a member o f the firm, who should sign in the form “ ...................................................................... . a copartnership, b y ........................................................................................................................... a member o f the firm.” 4. Tenders will be received without deposit from commercial and other banks for their own account, federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank o f New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment o f 5 percent o f the face amount T)f the securities applied for. All checks must be drawn to the order o f the Federal Reserve Bank o f New York; checks endorsed to this Bank will not be accepted. 5. If the language o f this tender is changed in any respect that, in the opinion o f the Secretary o f the Treasury, is material, the tender may by disregarded. (OVER) SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES F-1979 SUBSCRIPTION NO. S U B S C R IB E R . S IG N A T U R E _ DELIVERY INSTRUCTIONS PAYMENT INSTRUCTIONS □ D ELIVER OVER THE C O U N TE R □ BY C HA R G E TO OUR RESERVE A C C O U N T □ S H IP TO SU BSCIBER □ BY CASH OR C H E C K IN IMMEDIATELY AVAILABLE FUNDS □ O TH E R IN STR U CTIO N S: FOR FRB USE ONLY TR AN S. A C C O U N TIN G D ATE ISSUE AGENT 12 A D D R E S S ___ September 4, 1975 ZIP NO. OF R EG ISTR ATIO N IN STR U CTIO N S PIECES N AM E (S) ID OR S.S. NO. A D D R ESS ZIP N AM E(S) A D D R ESS ZIP N AM E(S) • ID OR S.S. NO. A D D R ESS ZIP N A M E(S) 1,000 32 5,000 34 10,000 38 100,000 42 1,000,000 99 TO TAL 5,000 34 10,000 38 100,000 42 1,000,000 99 ZIP 1,000 32 5,000 34 10,000 38 100,000 42 1,000,000 99 TO TAL 30 1,000 32 5,000 34 10,000 38 100,000 42 1,000,000 30 N A M E(S) 32 34 ID OR S.S. NO. A D D R ESS ZIP TO TAL 30 99 AMOUNT SERIAL NOS. (LEAVE BLANK) 110-01 FOR FR B USE ONLY TR. C ASE NO. 1,000 32 ID OR S.S. NO. AD D R E S S DENOM. 30 30 ID OR S.S. NO. LOAN CODE TO TAL TR C A SE NO. TR. CASE NO. TR. CASE NO. 1,000 5,000 10,000 38 100,000 42 1,000,000 99 TO TAL TR. C ASE NO.
@FedFRASER