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FEDERAL RESERVE BANK
OF NEW YORK
Securities Department
T Circular No. 770
LMarch 7, 1927
$450,000,000
(or thereabouts)
March 15th Combined Offering of Six Months 3MJ Per Cent Treasury
Certificates and One Year SlA, Per Cent Treasury Certificates
Subscription Books Open March 7
To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers,
Principal Corporations and Others Concerned in the Second Federal Reserve District:
The Secretary of the Treasury today offers for subscription a combined offering
of 3% per cent Treasury certificates of indebtedness running for six months from
March 15, 1927, and ?>y± per cent Treasury certificates of indebtedness running for
one year from March 15, 1927. In announcing the offering Secretary Mellon made
the following statement:
The Treasury is today announcing its regular March financing which takes the
form of an offering of Treasury certificates of indebtedness in two series, both dated
and bearing interest from March 15, 1927, one series at 3% per cent, being for six
months, maturing September 15, 1927 and the other series at 3*4 per cent, being for
one year, maturing March 15, 1928. The amount of the six months offering is $150,000,000 or thereabouts, and the amount of the one year offering is $300,000,000 or
thereabouts.
The Treasury will accept in payment for the new certificates, at par, 4% per cent
Treasury notes maturing March 15, 1927. Subscriptions for which payment is to be
tendered in Treasury notes maturing March 15, 1927 will be allotted fifty per cent up
to one-half the amount of the respective offerings.
About $660,000,000 of 4% per cent Treasury notes will be retired on March 15, 1927.
The present offering is intended with the balances already on hand and the March tax
• receipts, to cover the Treasury's further cash requirements until the June quarterly
tax period.
The subscription books for this offering are now open and applications will be
received by this bank. The terms of the offering are given in full on the following
page.
Very truly yours,
BENJ. STRONG,
Governor.
\
Digitized
\ for FRASER
New Certificate Issues
Circular No. 770
Federal Reserve Bank of New York
Offering of United States of America Treasury Certificates of Indebtedness
.
Dated and Bearing Interest from March 15, 1927
Series TS 2—1927, 3% Per Cent, due September 15, 1927
Series TM—1928, 3^4 Per Cent, due March 15, 1928
To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers,
Principal Corporations and Others Concerned in the Second Federal Reserve Diitricl:
The Secretary of the Treasury, under the authority of the act approved September 24,
]917, as amended, offers for subscription, at par and accrued interest, through the Federal
Reserve Banks, Treasury certificates of indebtedness, in two series, both dated and bearing interest from March 15, 1927, the certificates of Series TS2-1927, being payable on September 15,
1927, with interest at the rate of three and one-eighth per cent per annum, payable on a semiannual basis, and the certificates of Series TM-1928 being payable on March 15, 1928, with
interest at the rate of three and one-quarter per cent per annum, payable semi-annually.
Applications will be received at the Federal Reserve Banks.
Bearer certificates will be issued in denominations of $500, $1,000, $5,000, $10,000 and
$100,000. The certificates of Series TS2-1927 will have one interest coupon attached, payable
September 15, 1927, and the certificates of Series TM-1928 two interest coupons attached, payable September 15, 1927 and March 15, 1928.
The certificates of said series shall be exempt, both as to principal and interest, from all
taxation now or hereafter imposed by the United States, any State, or any of the possessions
of the United States, or by any local taxing authority, except (a) estate or inheritance taxes,
and (b) graduated additional income taxes, commonly known as surtaxes, and excess-profits
and war-profits taxes, now or hereafter imposed by the United States, upon the income or
profits of individuals, partnerships, associations, or corporations. The interest on an amount
of bonds and certificates authorized by said act approved September 24, 1917, and amendments
thereto, the principal of which does not exceed in the aggregate $5,000, owned by any individual, partnership, association, or corporation, shall be exempt from the taxes provided for
in clause (b) above. The certificates of these series will be accepted at par, with an adjustment of accrued interest, during such time and under such rules and regulations as shall be
prescribed or approved by the Secretary of the Treasury, in payment of income and profits
taxes payable at the maturity of the certificates. The certificates of these series will be acceptable to secure deposits of public moneys, but do not bear the circulation privilege.
The right is reserved to reject any subscription and to allot less than the amount of certificates of either or both series applied for and to close the subscriptions as to either or both
series at any time without notice. The Secretary of the Treasury also reserves the right to make
allotment in full upon applications for smaller amounts, and to make reduced allotments upon, or
to reject, applications for larger amounts, and to make classified allotments and allotments upon
a graduated scale; and his action in these respects will be final. Allotment notices will be sent
out promptly upon allotment, and the basis of allotment will be publicly announced.
Payment at par and accrued interest for certificates allotted must be made on or before
March 15, 1927, or on later allotment. After allotment and upon payment Federal Reserve
Banks may issue interim receipts pending delivery of the definitive certificates. Any qualified depositary will be permitted to make payment by credit for certificates allotted to it for
itself and its customers up to any amount for which it shall be qualified in excess of existing
deposits, when so notified by the Federal Reserve Bank of its district. Treasury notes of Series
B-1927, maturing March 15, 1927, will be accepted at par in payment for any certificates of
the series now offered which shall be subscribed for and allotted, with an adjustment of the
interest accrued, if any, on the certificates of the series so paid for.
As fiscal agents of the United States, Federal Reserve Banks are authorized and requested
to receive subscriptions and to make allotments on the basis and up to the amounts indicated
by the Secretary of the Treasury to the Federal Reserve Banks of the respective districts.
Very truly yours,
B E N J . STKONG,
Governor.
New York, March 7, 1927.
G. D. 1
TO BE USED IN REPORTING PAYMENTS FOR TREASURY CERTIFICATES ONLY
(Name of bank or trust company)
SERIES TS2—1927—3V8%
(Location)
Dated March 15, 1927—Due September 15, 1927.
1927
(Date)
I HEREBY CERTIFY that there has been deposited this day with the above bank or trust company, to the credit of the
Federal Reserve Bank of New York, as Fiscal Agent of the United States War Loan Deposit Account, to be held subject to
withdrawal on demand, the sum of
„
Dollars,
$
Cashier or Yice-President
INSTRUCTIONS
Make reports on this form when payments for certificates of indebtedness subscriptions are made through credit in
the FEDERAL EESERVE BANK OF NEW YORK as FISCAL AGENT OF THE UNITED STATES WAR LOAN DEPOSIT ACCOUNT
in your books, forwarding to the Federal Reserve Bank of New York.
Demands for withdrawal of deposits in the above account will be made through the Federal Reserve Bank of
New York as fiscal agent of the United States.
NOTE—See reverse .
**• D- 1
TO BE USED IN REPORTING PAYMENTS FOR TREASURY CERTIFICATES O N L Y
(Name of bank or trust company)
SERIES TM—1928—3^%
5 ^
Dated March 15, 1927—Due March 15, 1928.
1927
(Date)
I HEREBY CERTIFY that there has been deposited this day with the above bank or trust company, to the credit of the
Federal Reserve Bank of New York, as Fiscal Agent of the United States War Loan Deposit Account, to be held subject to
withdrawal on demind, the sum of
Dollars,
$
Cashier or Vice-President
_
_
INSTRUCTIONS
Make reports on this form when payments for certificates of indebtedness subscriptions are made through credit in
the FEDERAL RESERVE BANK OF NEW YORK as FISCAL AGENT OF THE UNITED STATES WAR LOAN DEPOSIT ACCOUNT
in your books, forwarding to the Federal Reserve Bank of New York.
Demands for withdrawal of deposits in the above account will be made through the Federal Reserve Bank of
Xew York as fiscal agent of the United States.
NOTE—See reverse
BTC-C
Subscription by Ban k or r frust Compair
Lot Number
By Che ck, Charge;, or Boc>k Credit
r
Application Number
c
Tc> 3 % Per Cent 1Veasury Hertific ates, Series TS2-1927
1
Dated March 15 ,1927
DueS< sptember 15,1921
Pie ase use "Exchange; Applicati on" for Exchange Subscript ions
Dated at
1927
'nterest on certificates Series T S 2-1927 computed on i iemiannual 1114 day bos is.
Decimal for one day s interes t on $1,000 $0.08491848.
J FEDERAL RESERVE B A N E or NEW YORK
Fiscal Agent of the L nited States
New York, N . Y.
J DEAR S I R S :
Pursuant to the terms si ated in the offering o I the Secrete try of the Treasury dated March 7, 1927, p lease enter subscriptions
I it par and accrued interest for 1 Jnited States of Americ.i 3 % per cen1i Treasury certificates of indebtedness, Series T S 2-1927 dated March 15,
] 927, and due September 15, 192 ', as follows:
.. *
For our own account (ncit classified be low)
For our customers (clas sified below).
*
Total Subscrip
CLASSIFIOATI ON OF CUSTOMERS' SUBSCRIPTIONS
(Not for denomination of securities)
CLASS A
CLASS C
CLASS B
Subscriptions of $1,000 and under
Amount
Leave Black
Number
CLASS D
Subscriptions of Jl, 100 to $10,000 Inclusive Subscriptions of $10,100 to $50,000 Inclusive
Amount
Amount
Leave Blank
Number
Leave Blank
Number
Subscriptions of $50,100 to $100,000 Ino.
Amount
Number
Leave Blank
CLASS E
CLASS F
CLASS G
Sub's of S100.100 to $500,000 Inclusive
Number
Amount
Leave Blank
Sub's of $500,100 to $1,000,000 Inclusive
Amount
Number
Leave Blank
Subscriptions of over $1,000,000
Number
Amount
Leave Blank
We agree to pay to you on March 15, 1927, at par and accrued interest for any certificates allotted on account of this subscription,
and payment will be made by the method indicated below:
By debit t oour reserve account -
-
-
-
-
-
$
B ycredit t oW a r Loan Deposit Account
- $.
By check
. . .
$
' Before signing fill in all required spaces.
TO SUBSCRIBES:
Mark (X) in proper space
to indicate if this is:
Bank or TruBt Company....
Post Office Address..
Original subscription
Confirmation of a telegram..
Confirmation of a letter
State.
Official signature required
SPACES BELOW AEE FOR THE USE OF THE FEDERAL RESERVE BANK
Examined
Carded
Ledger
Classified
Acknowledged
Government Deposit
Disposition
Hold_
Allotment
1
Received
Figured
Checked
Checked
Advised
Recorded
Method of Payment
Window
Amount
Safekeeping
Date Released
Mail
By
Other Departments
BTC-C
Subscription by Bank or Trust Company
Lot Number
Application Number
c
By Check, Charge, or Book Credit
To 31/4 Per Cent r Preasury Certific ates, Series TM-1!?28
Di le March 15, 1921
Dated March 15, 1927
Please use "Exchange! Application" for Exchange SubscriptLons
Dated at
1927
Inter e it on Series TM-1928 first coupon 184 day period, t lecimal $0,0811S152S; sec ond coupon 182 day period , decimal { "0.08928571.
FEDEE AL EESERVE BANK or NEW YORK
Fiscal Agent of the United States
New York, N. Y.
DEAE SIRS :
.
Pursuant to the terms stated in the offering o f the Secretstry of the Treasury dated March 7, 1927, pie Ase enter subscriptions
at par and accrued interest for United States of Americ a 3^4 per ceiLt Treasury certificates of indebtednes s, Series Tlkt-1928 dated March 15,
1927, md due March 15, 1928, as follows:
.. *
For our own account (nc t classified be low)
For our customers (elassified below).
*
Total Subscrip
CLAS8IFICATI ON OP CUSTOMERS' SUBSCRIPTIONS
(Not for denomination of securities)
CLASS A
Subscriptions of $1,000 and under
Amount
Number
Leave Blank
CLASS C
CLASS B
Subscriptions of $1,100 to $10,000 Inclusive Subscriptions of $10,100 to $50,000 Inclusive
Number
Amount
Leave Blank
Number
Amount
Leave Blank
CLASS E
Sub's of $100,100 to $500,000 Inclusive
Number
Amount
Leave Blank
CLASS F
Sub'i of $500,100 to $1,000,000 Inclusive
Number
Amount
Leave Blank
CLASS D
Subscriptions of $50,100 to $100,000 Inc.
Number
Amount
Leave Blank
CLASS G
Subscriptions of over $1,000,000
Number
Amount
Leave Blank
We agree to pay to you on March 15, 1927, at pai and accrued interest for any certificates allotted on account of this subscription,
and payment will be made by the method indicated below
B y check
-
-
-
.
-
-
By credit to War Loan Deposit Account - - - $
$
B y debit t o o u r r e s e r v e a c c o u n t -
-
$
-
9 V Before signing fill in all required spaces.
O SUBSCRIBER:
Mark (X) in proper space
i indicate if this is:
0 nal subscription
Confirmation of a telegram..
Confirmation of a letter
Bank or Trust Company....
Post Office Address..
State.
Official signature required
SPACES BELOW ARE FOR THE U8E OF THE FEDERAL RESERVE BANK
Examined
Ledger
Classified
Carded
Acknowledged
Government Deposit
Disposition
Hold
Allotment
Received
Figured
Checked
Checked
Advised
Recorded
Method of Payment
Window
Amount
Safekeeping
Date Released
Mail
By
Other Departments
EA-C
EXCHANGE APPLICATION
Lot Number
Application Number
E
To 3% Per Cent. Treasury Certificates of Indebtedness, Series TS2-1927
Dated March 15, 1927.
Due September 15, 1927.
NOTICE TO SUBSCRIBERS:
Subscribers tendering 4% per cent Treasury notes, Series
B-1927, maturing March 15, 1927, will receive a 50 per cent allotment of the new issue, and the balance will be redeemed.
Such maturing notes to the amount of the subscription must
be delivered to the Federal Reserve Bank on or before March 15,
1927. Where possible it would be appreciated, however, if the
subscriber accompanies this application with such maturing
certificates.
1927
FEDERAL RESERVE BANK or NEW YORK
Fiscal Agent of the United States
New York, N. Y.
DEAR SIRS:
Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 7, 1927, please enter our subscription
at par and accrued interest for $
(par value) United States of America 3% per cent Treasury certificates
of indebtedness dated March 15, 1927, due September 15, 1927.
Treasury notes maturing March 15, 1927 will be delivered to you, under this application, as follows:
$
of Treasury notes maturing March 15, 1927, Series B-1927 are tendered in exchange.
(SO per cent of total)
$
of Treasury notes maturing March 15, 1927, Series B-1927 are to be redeemed.
(SO per cent of total)
$
total notes surrendered, equaling the amount of this subscription.
Dispose of the proceeds of the redemption as follows:
B
7 check
*
By credit to our reserve account $
-
/
\
Please \
indicate
/
Before signing fill in all required spaces.
TO SUBSCEIBEB:
Mark (X) in proper space
to indicate if this is:
Original subscription
Confirmation of a telegram
Confirmation of a letter
Subscriber
Post Office Address.
State
Official Signature Required
SPACES BELOW FOR THE USE OF THE FEDERAL RESERVE BANK
Examined
Allotment
Carded
Journal
Figured
Checked
Ledger
Acknowledged
Advised
Security Exchanged
Disposition
Amount
Date Released
By
B-1927
\
Received
Checked
Digitized forRedemption
FRASER Form Prepared.
Recorded
Window
Safekeeping'
Redemption Lot No..
Mail
Other Departments
EAC
EXCHANGE APPLICATION
Lot Number
Application Number
E
To 3^4 Per Cent. Treasury Certificates of Indebtedness, Series TM-1928
Dated March 15, 1927.
Due March 15, 1928.
NOTICE TO SUBSCRIBERS:
Subscribers tendering 4% per cent Treasury notes, Series
B-1927, maturing March 15, 1927, will receive a 50 per cent allotment of the new issue, and the balance will be redeemed.
Such maturing notes to the amount of the subscription must
be delivered to the Federal Reserve Bank on or before March IS,
1927. Where possible it would be appreciated, however, if the
subscriber accompanies this application with such maturing
certificates.
1927
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
New York, N. Y.
DEAR SIRS:
Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 7, 1927, please enter our subscription
at par and accrued interest for $
(par value) United States of America 3*4 per cent Treasury certificates
of indebtedness dated March 15, 1927, due March 15, 1928.
Treasury notes maturing March 15, 1927 will be delivered to you, under this application, as follows:
$
of Treasury notes maturing March 15, 1927, Series B-1927 are tendered in exchange.
(SO per cent of total)
$
of Treasury notes maturing March 15, 1927, Series B-1927 are to be redeemed.
(SO per cent of total)
$
total notes surrendered, equaling the amount of this subscription.
Dispose of the proceeds of the redemption as follows:
By c h e c k
•
_
,.. ,
A
By credit to our reserve account $
/
1
_ \
Please A
indicate I
/
Before signing fill in all required spaces.
TO SUBSCBIBEB:
Mark (X) in proper space
to indicate if this is:
Original subscription
Confirmation of a telegram
Confirmation of a letter
Examined
Allotment
Subscriber
Post Office Address.
State
Official Signature Required
SPACES BELOW FOR THE USE OF THE FEDERAL RESERVE BANK
Carded
Journal
Figured
Checked
Ledger
Acknowledged
Advised
Security Exchanged
Disposition
Amount
Date Released
By
B-1927
s
Received
Checked
Digitized Redemption
for FRASERForm Prepared..
Recorded
Window
Safekeeping:
Redemption Lot No..
Mail
Other Departments
IB-C
SUBSCRIPTION
I4>t Number
jer
Application Number
l
To 3 /s Per Cent Treasury Certificates of Indebtedness
IB
Series TS2-1927
Dated March 15, 1927.
Due September 15, 1927.
Dated at.
.1927
Interest on certificates Series TS 2-1927 computed on semiannual 184 day basis. Decimal for one day's interest on $1,000 $0.08491848.
FEDERAL RESERVE BANK or NEW YORK,
Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS:
Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 7, 1927, please enter our (my) subCnaf Vflliip^ TTnitprl Stat.ps nf i m p rica 3% per cent Treasury certificates
scription at par and
of indebtedness, Ser es TS 2-1927 dated March 15, 1927, due September 15, 1927.
We (1) agree to pay to you on March 15, 1927 at par and accrued interest for any certificates allotted on account of this subscription,
and payment will be made by the method indicated below:
By check
-
-
- -
. . . . . . . . . . .
$.
By cash -
-
-
- -
- - -
1
Payment will
Street address
State
Town
THIS SPACE IS FOR THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
FIGURED
CARD
CLASSIFIED
LEDGER
Payment
Figured Checked Advised
Allotment
ACKNOWLEDGED
DISPOSITION
Released
Date
$
By Cash
By Check
Check No.
Received
Checked
Interest
Checked
—
Drawn on
Recorded
Window
Safekeeping
Mail
IB-C
SUBSCRIPTION
Lot Number
Application Number
To 314 Per Cent Treasury Certificates of Indebtedness
IB
Series TM-1928
Dated March 15, 1927.
Due March 15, 1928.
Dated at.
.1927
Interest on Series TM-1928 first coupon 184 day period, decimal $0.08831522; second coupon 182 day period, decimal $0.08928571.
FEDEEAL BESERVE BANK or NEW YORK,
Fiscal Agent of the United States,
New York, N. Y.
DEAB SIRS:
Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 7, 1927, please enter our (my) subscription at par and accrued interest for $
(par value) United States of America 3% per cent Treasury certificates
of indebtedness, Series TM-1928 dated March 15, 1927, due March 15, 1928.
We (I) agree to pay to you on March 15, 1927, at par and accrued interest for any certificates allotted on account of this subscription,
and payment will be made by the method indicated below:
By check
By cash
Payment will be made by (name)
Subscriber
Street address.
Town
State
gTHIS SPACE IS FOR THE USE OF THE FEDERAL RESERVE BAINK OF NEW YORK
Allotment
ACKNOWLEDGED
CLASSIFIED
FIGURED
Payment
. | Figured Checked Advised
DISPOSITION
Released
Date
By Cash
By Check
Drawn on
Check No.
Received
Checked
Interest
Checked
Recorded
Window
Safekeeping
Mail
Original
FEDEEAL RESERVE BANK
Application Number
OF NEW YORK
NOTICE OF ALLOTMENT
on
Subscription to 3Jfc Per Cent Treasury Certificates, Series TS2-1927
Dated March 15, 1927.
Due September 15, 1927
March
, 1927
Referring to your subscription to $
(par value)
United States of America 3 ^ per cent Treasury Certificates, dated March 15, 1927, due September 15, 1927, you have
been allotted $
IMPORTANT
To obtain delivery of the certificates, the original of this notice, properly filled out and
signed in the spaces provided below, must be returned immediately to us. Attach payment
hereto unless reserve account is to be debited.
EXCHANGE SUBSCRIPTIONS
On exchange subscriptions if delivery has not already been made of Treasury notes
maturing March IS, 1927 it should be noted that such notes to the total amount of your subscription are to be delivered to the Federal Reserve Bank on or before March 15, 1927.
Fifty per cent of the amount of such notes will be applied in payment of your subscription,
and the balance redeemed.
FEDERAL RESERVE BANK OF NEW YORK,
Checked by
Fiscal Agent of the United States.
Instructions to Federal Reserve Bank of New York
ISSTJE SECURITIES IN THE
FOLLOWING DENOMINATIONS
Pieces Denominations
$ 500
LEAVE BLANK
Par Amount
DISPOSE OF SECURITIES AS INDICATED BELOW
Numbers
f
Deliver to Government Deposit'Div.
$
1,000
Hold for Safekeeping (For members only)
5,000
Deliver Over Counter
Deliver to Loan Department
10,000
100 000
Total
—
•
Ship Definitive Securities
•
s
The method of payment is indicated below:
}y debit t o oar reserve account
- - - - - - - - $ .
Jy e h e e k
*
Sy c r e d i t t o W a r L o a n D e p o s i t A c c o u n t
-
-
-
-
-
-
$
By exchange of Treasury notes maturing March 15, 1927:
To b e applied in p a y m e n t of this allotment
To be redeemed
.
-
-
-
-
-
-
-
-
-
-
-
- $.
-
$
.
Subscriber
Street address.
Town
State
DO NOT USE THESE SPACES
Paid Stamp
Checked to App.
Released
Prepared
Amount-
Checked
slivered
Bv
Delivery Eeceipt
Duplicate
FEDERAL RESERVE BANK
Application Number
OF NEW YORK
NOTICE OF ALLOTMENT
on
Subscription to 3J& Per Cent Treasury Certificates, Series TS2-1927
Dated March 15, 1927. Due September 15, 1927
March
. 1927
Referring to your subscription to $
(par value)
United States of America 3*4 per cent Treasury Certificates, dated March 15, 1927, due September 15, 1927, you have
been allotted $
IMPORTANT
To obtain delivery of the certificates, the original of this notice, properly filled out and
signed in the spaces provided below, must be returned immediately to us. Attach payment
hereto unless reserve account is to be debited.
EXCHANGE SUBSCRIPTIONS
On exchange subscriptions if delivery has not already been made of Treasury notes
maturing March IS, 1927 it should be noted that such notes to the total amount of your subscription are to be delivered to the Federal Reserve Bank on or before March IS, 1927.
Fifty per cent of the amount of such notes will be applied in payment of your subscription,
and the balance redeemed.
FEDERAL RESERVE BANK OF NEW YORK,
Checked by
Fiscal Agent of the United States.
Instructions
ISSUE SECURITIES IN THE
FOLLOWING DENOMINATIONS
Pieces
Denominations ;
to Federal Reserve Bank of New York
LEAVE BLANK
Par Amount
Numbers
Deliver to Government Deposit Div.
$ 500
1,000
Hold for Safekeeping (For members only)
5,000
Deliver Over Counter
Deliver to Loan Department
10,000
Ship Definitive Securities
100,000
Total
Special Instructions
The method of payment is indicated below:
Jy d e b i t t o o a r
DISPOSE OF SECURITIES AS INDICATED BELOW
reserve account
-
-
-
-
-
-
-
-
$
.
5y e h e e k
.
I-
)y credit t o W a r Loan Deposit A c c o u n t -
-
-
-
-
-
t.
By exchange of Treasury notes maturing March 15, 1927:
To b e applied in p a y m e n t of this allotment
T o be redeemed
-
-
-
-
-
-
-
-
.
-
- $.
-
-
$
.
.
Subscriber
Street address.
State
Town
DO NOT USE THESE SPACES
Paid Stamp
Checked to App.
Released
Prepared
Amount-
Checked
J
ivered
Bv-
Delivery Receipt
Original
FEDERAL RESERVE BANK
Application Number
OP NEW YORK
NOTICE OF ALLOTMENT
on
Subscription to 3^4 Per Cent Treasury Certificates, Series TM-1928
Dated March 15, 1927.
Due March 15, 1928
March
. 1927
Referring to your subscription to $
(par value)
United States of America 31/4 per cent Treasury Certificates, dated March 15, 1927, due March 15, 1928, you have been
allotted $
IMPORTANT
To obtain delivery of the certificates, the original of this notice, properly filled out and
signed in the spaces provided below, must be returned immediately to us. Attach payment
hereto unless reserve account is to be debited.
EXCHANGE SUBSCRIPTIONS
On exchange subscriptions if delivery has not already been made of Treasury notes
maturing March IS, 1927 it should be noted that such notes to the total amount of your subscription are to be delivered to the Federal Reserve Bank on or before March IS, 1927.
Fifty per cent of the amount of such notes will be applied in payment of your subscription,
and the balance redeemed.
FEDERAL RESERVE BANK OF NEW YORK,
Checked by
Fiscal Agent of the United States.
Instructions to Federal Reserve Bank of Neiv York
ISSUE SECURITIES IN THE
FOLLOWING DENOMINATIONS
Pieces
Denominations
LEAVE BLANK
Par Amount
Numbers
Deliver to Government Deposit Div.
$ 500
1,000
Hold for Safekeeping (For members only)
5,000
Deliver Over Counter
Deliver to Loan Department
10,000
Ship Definitive Securities
100,000
Total
Special Instructions
The method of payment is indicated below:
B y debit t o o a r r e s e r v e account
By check
.
.
DISPOSE OF SECURITIES AS INDICATED BELOW
.
•
-
To be applied in p a y m e n t of this allotment
-
.
- $-
By c r e d i t t o W a r L o a n D e p o s i t A c c o u n t -
By exchange of Treasury notes maturing March 15, 1927:
- $
To be r e d e e m e d
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-
-
-
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.
-
-
-
- $.
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.
$
.
Subscriber
Street address
Town
State
DO NOT USE THESE SPACES
Paid Stamp
Checked to App.
Released
Prepared
Amount -
Checked
Bv
Delivery Eeceipt
Duplicate
FEDERAL RESERVE BANK
Application Number
OF NEW YORK
NOTICE OF ALLOTMENT
on
Subscription to 3V^ Per Cent Treasury Certificates, Series TM-1928
Dated March 15, 1927.
Due March 15, 1928
March
, 1927
Referring to your subscription to $
(par value)
United States of America 3 ^ per cent Treasury Certificates, dated March 15, 1927, due March 15, 1928, you have been
allotted $.
IMPORTANT
To obtain delivery of the certificates, the original of this notice, properly filled out and
signed in the spaces provided below, must be returned immediately to us. Attach payment
hereto unless reserve account is to be debited.
EXCHANGE SUBSCRIPTIONS
On exchange subscriptions if delivery has not already been made of Treasury notes
maturing March 15, 1927 it should be noted that such notes to the total amount of your subscription are to be delivered to the Federal Reserve Bank on or before March IS, 1927.
Fifty per cent of the amount of such notes will be applied in payment of your subscription,
and the balance redeemed.
FEDERAL RESERVE BANK OF N E W YORK,
Checked by
Fiscal Agent of the United States.
Instructions to Federal Reserve Bank of New York
ISSUE SECURITIES IN THE
FOLLOWING DENOMINATIONS
Pieces Denominations
LEAVE BLANK
Par Amount
Numbers
Deliver to Government Deposit Div.
I 500
1,000
Hold for Safekeeping (For members only)
5,000
Deliver Over Counter
Deliver to Loan Department
10,000
Ship Definitive Securities
100,000
Total
Special Instructions
The method of payment is indicated below:
By debit t oo u r reserve
By
DISPOSE OF SECURITIES AS INDICATED BELOW
account
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.
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-
$
cheek
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.
%.
Jy credit t o W a r Loan Deposit Account -
-
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f.
By exchange of Treasury notes maturing March 15, 1927:
T o b eapplied i n p a y m e n t o f this allotment
To
beredeemed
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-
-
-
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- $.
$
.
Subscriber
Street address.
Town
State
DO NOT USE THESE SPACES
Paid Stamp
Checked to App.
Released
Prepared
Checked
V
livered
Amount Bv
Delivery Receipt
@FedFRASER