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FEDERAL RESERVE BANK O F N E W YORK Fiscal Agent of the United States I" Circular No 7 7 4 0 ~[ I October 23, 1975 J AUCTION OF NOTES AND BONDS Treasury Notes of Series C-1982 Treasury Bonds of 1995-2000, Additional Amount To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: As announced in our Circular No. 7739, dated October 22, 1975, the Treasury will sell at auction under competitive and noncompetitive bidding — $2.5 billion of Treasury Notes of Series C-1982, dated and bearing interest from November 17, 1975, m aturing November 15, 1982; and An additional $1 billion of the 8% percent Treasury Bonds of 1995-2000, dated August 15, 1975, with interest from November 17, 1975, m aturing August 15, 2000, callable at the option of the United States on any interest paym ent date on and after August 15, 1995. The terms of the offerings are set forth in Treasury Department Circulars Nos. 32-75 and 33-75, Public Debt Series, dated October 23, 1975; a copy of each is printed on the following pages. This Bank will receive tenders — for the notes, up to 1:30 p.m., Eastern Standard time, Wednes day, October 29, 1975; and for the bonds, up to 1:30 p.m., Eastern Standard time, Thursday, October 30, 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 October 28 for the notes, and October 29 for the bonds. 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, 7 percent Treasury Notes of Series D-1975, or other immediately available funds, under the conditions and procedures set forth in Section IV of the official offering circulars. If settlement is made with maturing securities, coupons dated November 15, 1975 on the securities surrendered should be detached and cashed when due. 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, and the bonds on a price basis, as set forth in Section III of the official offering circulars. Tenders for the notes at a yield that will produce a price less than 98.501, and tenders for the bonds at a price less than 94.01, tvill not be accepted. Non competitive bidders will be required to pay the average price of accepted competitive tenders. With regard to the 8% percent Treasury Bonds of 1995-2000, the public should be aware that in an auction of this type the return to the investor may not correspond to the 8% percent coupon rate. It could be higher or lower depending on the number of bids submitted and the price investors are willing to pay. These factors affect the average price at which noncompetitive tenders are awarded. When bidding is strong, successful bidders may have to pay slightly more than $1,000 for each $1,000 face amount of securities. In such an event, the yield to the investor would be less than the 8% percent coupon rate. But it is also possible — where demand for the new securities is weak — that subscribers may not have to pay the full $1,000 for each $1,000 face amount. In this case, the yield would be more than the 8% percent coupon rate. The Treasury Department will announce the average return to investors following receipt of all bids. Telephone inquiries regarding this offering may be made by calling Telephone No. 212-7915823, 212-791-6616, or 212-791-5465. P aul A. V o lc k e r, President. UNITED STATES OF AMERICA TREASURY NOTES OF SERIES C-1982 D a te d a n d b ea rin g in terest from N o v e m b e r 17, 1 9 7 5 D u e N o v em b er 15, 19 8 2 D E P A R T M E N T O F T H E TR EA SU R Y , Office of th e S ecretary, DEPARTMENT CIRCULAR Washington, October 23,1975. Public D ebt Series — No. 3 2-75 I. INVITATION FOR TENDERS 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as am ended, invites tenders on a yield basis for $2,500,000,000, or thereabouts, of notes of the U nited States, designated Treasury Notes of Series C-1982. The interest rate for the notes will be determ ined 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 Governm ent accounts and to Federal Reserve Banks for themselves and as agents of foreign and international m onetary author ities. Tenders will be received up to 1:30 p.m., Eastern Standard time, W ednesday, October 29, 1975, under com petitive and noncom petitive bidding, as set forth in Section III hereof. The 7 percent Treasury Notes of Series D-1975, m aturing November 15, 1975. will be accepted at p ar in paym ent, in whole or in part, to the extent tenders are allotted by the Treasury. H. DESCRIPTION OF NOTES 1. The notes will be dated November 17, 1975, and will bear interest from that date, payable on a sem iannual basis on May 15 and November 15 in each year until the principal am ount becomes payable. They will m ature November 15, 1982, and will not be subject to call for redem ption prior to m aturity. 5. The notes will be subject to the general regula tions of the D epartm ent of the Treasury, now or hereafter prescribed, governing U nited 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, W ashington, D. C. 20226, up to the closing hour, 1:30 p.m., Eastern Standard time, W ednesday, October 29, 1975. Each tender must state the face am ount of notes bid for, which must be $1,000 or a m ultiple thereof, and the yield desired, except that in the case of noncom petitive tenders the term “non com petitive” should be used in lieu of a yield. In the case of com petitive tenders, the yield m ust be ex pressed 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 dem and deposits, and dealers who make prim ary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Governm ent securities and borrowings thereon, may subm it tenders for account of customers provided the names of the customers are set forth in such tenders. Others will not be perm itted to subm it tenders except for their own account. Tenders will be received w ith out deposit from banking institutions for their own account, Federally-insured savings and loan associa tions, States, political subdivisions or instrum entalities thereof, public pension and retirem ent and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make prim ary markets in Governm ent securities and report daily to the Federal Reserve Bank of New York their positions with respect to Governm ent securities and borrowings thereon, and Governm ent accounts. Tenders from others must be accom panied by paym ent (in cash or 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, w hether Federal or State, b u t are exem pt from all taxation now or hereafter im posed on the principal or Interest thereof by any State, or any of the possessions of the U nited 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 p a y m ent of taxes. 4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denom inations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Book-entry notes will be avail able to eligible bidders in m ultiples of those amounts. Interchanges of notes of different denominations and of coupon and registered notes, and the transfer ol registered notes will be perm itted. 2 the notes referred to in Section I which will be accepted at p ar) of 5 percent of the face am ount of notes applied for. 3. Im m ediately after the closing hour tenders will be opened, following which public announcem ent will be m ade by the D epartm ent of the Treasury of the am ount and yield range of accepted bids. Those sub m itting com petitive tenders will be advised of the acceptance or rejection thereof. In considering the acceptance of tenders, those w ith the lowest yields will be accepted to the extent required to attain the am ount offered. Tenders at the highest accepted yield will be prorated if necessary. After the determ ination is m ade 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 determ ined and each successful competitive bidder will be required to pay the price correspond ing 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 determ inations 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, in cluding the right to accept tenders for more or less than the $2,500,000,000 of notes offered to the public, and his action in any such respect shall be final. Subject to those reservations, noncom petitive tenders for $500,000 or less w ithout stated yield from any one bidder will be accepted in full at the average price (in three decim als) of accepted competitive tenders. IV. PAYMENT 1. Settlem ent for accepted tenders in accordance with the bids m ust be m ade or com pleted on or before November 17, 1975, at the Federal Reserve Bank or Branch or at the Bureau of the Public Debt. Paym ent must be in cash, 7 percent Treasury Notes of Series D-1975 (interest coupons dated November 15, 1975, should be detached), in other funds immediately available to the Treasury by November 17, 1975^ or by check draw n to the order of the Federal Reserve Bank to which the tender is subm itted, or the United States Treasury if the tender is subm itted to it, which m ust be received at such Bank or at the Treasury no later than: (1) W ednesday, November 12, 1975, if the check is draw n on a bank in the Federal Reserve District of the Bank to which the check is submitted, or the Fifth Federal Reserve District in case of the Treasury, or (2) Monday, November 10, 1975, if the check is draw n 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. Paym ent will not be deem ed to have been com pleted w here registered notes are requested if the appropriate identifying 3 num ber as required on tax returns and other docu ments subm itted to the Internal Revenue Service (an individual’s social security num ber or an employer identification num ber) is not furnished. In every case w here full paym ent is not completed, the paym ent with the tender up to 5 percent of the am ount of notes allotted shall, upon declaration m ade by the Secretary of the Treasury in his discretion, be forfeited to the United States. W hen paym ent is m ade w ith notes, a cash adjustm ent will be m ade to or required of the bidder for any difference betw een the face am ount of notes subm itted and the am ount payable on the notes allotted. V. ASSIGNMENT OF REGISTERED NOTES 1. Registered notes tendered as deposits and in paym ent for notes allotted hereunder are not required to be assigned if the notes are to be registered in the same names and forms as appear in the registrations or assignments of the notes surrendered. Specific in structions for the issuance and delivery of the notes, signed by the owner or his authorized representative, m ust accompany the notes presented. Otherwise, the notes should be assigned by the registered payees or assignees thereof in accordance with the general reg ulations governing United States securities, as here inafter set forth. W hen the new notes are to be registered in names and forms different from those in the inscriptions or assignments of the- notes presented the assignm ent should be to “The Secretary of the Treasury for Treasury Notes of Series C-1982 in the nam e of (name and taxpayer identifying num b er).” If notes in coupon form are desired, the assignment should be to “The Secretary of the Treasury for cou pon Treasury Notes of Series C-1982 to be delivered to .....................................” Notes tendered in paym ent should be surrendered to the Federal Reserve Bank or Branch or to the Bureau of the Public D ebt, W ash ington, D. C. 20226. The notes m ust be delivered at the expense and risk of the holder. VI. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive tenders, to make such allotments as may be p re scribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive paym ent for and make delivery of notes on full-paid tenders al lotted, 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 supplem etal or am end atory rules and regulations governing the offering, which will be com m unicated prom ptly to the Federal Reserve Banks. STEPHEN S. GARDNER, Acting Secretary of the Treasury. UNITED STATES OF AMERICA 8% PERCENT TREASURY RONDS OF 1995-2000 D a te d A u g u st 15 , 1 9 7 5 , w ith in terest from N o v e m b e r 17, 1975 RED EEM A BLE D u e A u g u st 15 , 2 0 0 0 A T T H E O P T IO N O F T H E U N IT E D ST A T E S A T PAR A N D A C C R U E D I N T E R E S T O N A N D A F T E R A U G U S T 15, 19 9 5 DEPARTMENT OF THE TREASURY, Office of the Secretary, Washington, October 23,1975. D E P A R T M E N T C IR C U L A R Public D ebt Series — No. 33-75 I. INVITATION FOR TENDERS 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites tenders at a price not less than 94.01 percent of their face value for $1,000,000,000, or thereabouts, of bonds of the U nited States, designated 8% percent Treasury Bonds of 1995-2000. Additional amounts of these bonds m ay be issued at the average price of accepted tenders to Governm ent accounts and F ed eral Reserve Banks for themselves and as agents of foreign and international m onetary authorities. T en ders will be received up to 1:30 p.m., Eastern Stand ard time, Thursday, October 30, 1975, under com peti tive and noncom petitive bidding, as set forth in Section III hereof. The 7 percent Treasury Notes of Series D-1975, m aturing November 15, 1975, will be accepted at par in payment, in whole or in part, to the extent tenders are allotted by the Treasury. II. DESCRIPTION OF BONDS 1. The bonds now offered will be identical in all respects w ith the 8% percent Treasury Bonds of 1995-2000 issued pursuant to D epartm ent Circular, Public D ebt Series — No. 25-75, dated July 24, 1975, except that interest will accrue from November 17, 1975. W ith this exception the bonds are described in the following quotation from D epartm ent Circular No. 25-75: “1. The bonds will be dated August 15, 1975, and will bear interest1 from that date, payable semi annually on F ebruary 15 and August 15 in each year until the principal am ount becomes payable. They will m ature August 15, 2000, but may be redeem ed at the option of the United States on and after August 15, 1995, in whole or in part, at par and ac crued interest on any interest day or days, on 4 m onths’ notice of redem ption given in such m anner as the Secretary of the Treasury shall prescribe. In case of partial redem ption, the bonds to be re deem ed will be determ ined by such m ethod as may be prescribed by the Secretary of the Treasury. From the date of redem ption designated in any such notice, interest on the bonds called for redem ption shall cease. i On July 31, 1975, the Secretary of the Treasury announced that the interest rate on the bonds would be 8% percent per annum. 4 “2. The income derived from the bonds is sub ject to all taxes imposed under the Internal Revenue Code of 1954. The bonds are subject to estate, in heritance, gift or other excise taxes, w hether Federal or State, but are exem pt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of the possessions of the U nited States, or by any local taxing authority. “3. The bonds will be acceptable to secure de posits of public moneys. They will not be accepta ble in paym ent of taxes. “4. Bearer bonds w ith interest coupons attached, and bonds registered as to principal and interest, will be issued in denom inations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Book-entry bonds will be available to eligible bidders in m ultiples of these amounts. Interchanges of bonds of different denominations and of coupon and registered bonds, and the transfer of registered bonds will be p er m itted. “5. The bonds will be subject to the general reg ulations of the D epartm ent of the Treasury, now or hereafter prescribed, governing U nited States bonds.” III. TENDERS AND ALLOTMENTS 1. Tenders will be received at Federal Reserve Banks and Branches and at the Bureau of the Public D ebt, W ashington, D. C. 20226, up to the closing hour, 1:30 p.m., Eastern Standard time, Thursday, O ctober 30, 1975. Each tender m ust state the face am ount of bonds bid for, which m ust be $1,000 or a m ultiple thereof, and the price offered, except th at in the case of noncom petitive tenders the term “non com petitive” should be used in lieu of a price. In the case of com petitive tenders, the price m ust be ex pressed on the basis of 100, with two decimals, e.g., 100.00. Tenders at a price less than 94.01 will not be accepted. 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 dem and deposits, and dealers who make prim ary "markets in G overnm ent securities and report daily to the Federal Reserve Bank of New York their positions with respect to Gov ernm ent securities and borrowings thereon, may sub m it tenders for account of customers provided the names of the customers are set forth in such tenders. Others will not be perm itted to subm it tenders except for their own account. Tenders will be received w ith out deposit from banking institutions for their own account, Federally-insured savings and loan associa tions, States, political subdivisions or instrum entalities thereof, public pension and retirem ent and other pub lic funds, international organizations in which the U nited States holds mem bership, foreign central banks and foreign States, dealers who make prim ary markets in Governm ent securities and report daily to the F ed eral Reserve Bank of New York their positions with respect to Governm ent securities and borrowings thereon, and Governm ent accounts. Tenders from others m ust be accom panied by paym ent (in cash or the 7 percent Treasury Notes of Series D-1975 which will be accepted at par) of 5 percent of the face am ount of bonds applied for. 3. Im m ediately after the closing hour tenders will be opened, following which public announcem ent will be m ade by the D epartm ent of the Treasury of the am ount and price range of accepted bids. Those sub m itting com petitive tenders will be advised of the acceptance or rejection thereof. In considering the acceptance of tenders, those at the highest prices will be accepted to the extent required to attain the am ount offered. Tenders at the lowest accepted price will be prorated if necessary. The Secretary of the Treasury expressly reserves the right to accept or reject any or all tenders, in whole or in part, including the right to accept less than the $1,000,000,000 of bonds offered to the public, and his action in any such respect shall be final. Subject to these reservations, noncom petitive tenders for $500,000 or less w ithout stated price from any one bidder will be accepted in full at the average price2 (in two decim als) of accepted competitive tenders. IV. Checks received after the dates set forth in the preced ing sentence will not be accepted unless they are payable at a Federal Reserve Bank. Paym ent will not be deem ed to have been com pleted where registered bonds are requested if the appropriate identifying num ber as required on tax returns and other docu ments subm itted to the Internal Revenue Service (an individual’s social security num ber or an em ployer identification num ber) is not furnished. In every case w here full paym ent is not completed, the paym ent with the tender up to 5 percent of the am ount of bonds allotted shall, upon declaration m ade by the Secretary of the Treasury in his discretion, be forfeited to the U nited States. W hen paym ent is m ade w ith notes, a cash adjustm ent will be m ade to or required of the bidder for any difference betw een the face am ount of notes subm itted and the am ount payable on the bonds allotted. V. PAYMENT 1. Settlem ent for accepted tenders in accordance with the bids, together w ith $21.39266 per SI,000 for accrued interest from August 15 to November 17, 1975, m ust be m ade or com pleted on or before Novem ber 17, 1975, at the Federal Reserve Bank or Branch or at the Bureau of the Public Debt. Paym ent must be in cash, 7 percent Treasury Notes of Series D1975 (interest coupons dated November 15, 1975, should be d etach ed ), in other funds immediately available to the Treasury by November 17, 1975, or by check draw n to the order of the Federal Reserve Bank to which the tender is subm itted, or the United States Treasury if the tender is subm itted to it, which must be received at such Bank or at the Treasury no later than: (1) W ednesday, November 12, 1975, if the check is draw n on a bank in the Federal Reserve District of the Bank to which the check is subm itted, or the Fifth Federal Reserve D istrict in the case of the Treasury, or (2) Monday, November 10, 1975, if the check is draw n on a bank in another district. VI. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive tenders, to make such allotments as may be prescribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive paym ent for and make delivery of bonds on full-paid tenders allotted, and they may issue interim receipts pending delivery of the definitive bonds. 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplem ental or am endatory rules and regulations governing the offering, which will be communicated prom ptly to the Federal Reserve Banks. STEPHEN S. GARDNER, Acting Secretary of the Treasury. -Average price may be at, or more or less than 100.00. ASSIGNMENT OF REGISTERED NOTES 1. Registered notes tendered as deposits and in paym ent for bonds allotted hereunder are not required to be assigned if the bonds are to be registered in the same names and forms as appear in the registra tions or assignments of the notes surrendered. Specific instructions for the issuance and delivery of the bonds, signed by the owner or his authorized representative, must accom pany the notes presented. Otherwise, the notes should be assigned by the registered payees or assignees thereof in accordance w ith the general regu lations governing U nited States securities, as herein after set forth. W hen the bonds are to be registered in names and forms different from those in the inscrip tions or assignments of the notes presented the assign m ent should be to “The Secretary of the Treasury for 8 % percent Treasury Bonds of 1995-2000 in the name of (nam e and taxpayer identifying nu m b er).” If bonds in coupon form are desired, the assignment should be to “The Secretary of the Treasury for 8% percent coupon Treasury Bonds of 1995-2000 to be delivered to ............................................................ ” Notes tendered in paym ent should be surrendered to the Federal Reserve Bank or Branch or to the Bureau of the Public Debt, Washington, D. C. 20226. The notes must be delivered at the expense and risk of the holder. 5 FORM BA IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Thursday, October 30, 1975. TENDER FOR TREASURY BONDS OF 1995-2000 ADDITIONAL AMOUNT Dated August 15, 1975, with Interest from November 17, 1975, Due August 15, 2000 D ated at ....................................................... F ed e r a l R eserve B a n k o f N e w Y ork, Fiscal Agent of the U nited States, N ew York, N. Y. 10045 , 19_ Pursuant to the provisions of Treasury D epartm ent C ircular No. 33-75, Public D ebt Series, dated O ctober 23, 1975, the undersigned hereby offers to purchase U nited States of America Treasury Bonds of 1995-2000 in the am ount indicated below, and agrees to make paym ent therefor at your Bank on or before the issue date a t the price indicated below (plus accrued interest of $21.39266 per $1,000): COMPETITIVE TEN DER Do not fill in both Competitive and Noncompetitive tenders on one form NONCOMPETITIVE TEN DER $ ............................................................ (m aturity value) or any lesser am ount th at m ay be aw arded. $ ........................................................... (m aturity value) P r i c e : ...............per 100 (m inim um of 94.01) at the average price of accepted competitive bids. (N ot to exceed $500,000 for one bidder through all sources) (Price must be expressed with not more than two decimal places, for example, 100.00) 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 Totals □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for mem ber bank only) in — O Investment Account □ General Account □ Trust Account □ 4. Hold as collateral for Treasuiy Tax and Loan Account* Payment will be made as follows: □ By charge to our reserve account □ By cash or check in immediately available funds □ By surrender of maturing secu rities as indicated in official circular ’ ons. ( No changes in delivery instructions w ill be accepted ) • The undersigned certifies that the allotted securities will be owned solely by the undersigned. (I f a commercial bank or dealer is subscribing for its own account or for account of customers, the following certifications are made a part of this tender.) W e H e r e b y C e r t i f y that we have received tenders from our customers in the amounts set forth opposite the cu sto m ers’ n am es on the list w h ich is m a d e a p a r t o f this ten d er, an d th at w e h av e 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 i f y that tenders received by us, if any, from other commercial banks for their own account and for the account of their customers have been entered with us under the same conditions, agree ments, and certifications as set forth in this form. (Name of subscriber — please print or type) Insert this tender in special envelope marked “Tender for Treasury N otes 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) (Name of customer) (Name of customer) INSTRUCTIONS: 1. value). No tender for less than $1,000 will be considered, and each tender must be for a multiple of $1,000 (maturity 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 price and may consolidate noncompetitive tenders, provided a list is attached showing the name of 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 of the corporation author ized to make the tender, and the signing of the tender by an officer of the corporation will be construed as a representation by him that he has been so authorized. If the tender is made by a partnership, it should be signed by a member of the firm, who should sign in the form . ............................. a copartnership, by ..................................................... ........................... a member of the firm. 4. Tenders will be received without deposit from commercial and other banks for their own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of the securities applied for. All checks must be drawn to the order of the Federal Reserve Bank of New York; checks endorsed to this Bank will not be accepted. 5. If the language of this tender is changed in any respect, which, in the opinion of the Secretary of the Treasury is material, the tender may be disregarded. SCHEDULE FOR ISSUE OF REGISTERED TREASURY BONDS OF 1995-2000 SUBSCRIPTION NO. SUBSCRIBER. SIGNATURE_ DELIVERY INSTRUCTIO NS PAYMENT INSTRUCTIONS □ DELIVER OVER THE COUNTER □ BY CHARGE TO OUR RESERVE ACCOUNT □ SHIP TO SUBSCIBER □ □ OTHER INSTRUCTIONS: BY CASH OR CHECK IN I M M E D I A T E L Y A V A I L A B L E ADDRESS___ FOR FRB USE ONLY TRANS. ACCOUNTING DATE F U N D S ISSUE AGENT 12 November 17, 1975 ZIP. INTEREST COMP. OATE NO. OF PIECES REGISTRATION INSTRUCTIONS NAME(S) ID OR S.S. NO. ADDRESS ZIP NAME(S) ID OR S.S. NO. ADDRESS ZIP ID OR S.S. NO. ADDRESS ZIP 30 32 5,000 34 10,000 38 100,000 42 1,000,000 99 TOTAL 30 1,000 32 5,000 34 10,000 38 100,000 42 1,000,000 99 5,000 34 38 100,000 42 1,000,000 99 TOTAL 32 1,000 5,000 34 10,000 Tfl 42 ZIP 99 30 NAME(S) 32 34 ID OR S.S. NO. ADDRESS ZIP AMOUNT SERIAL NOS. (LEAVE BLANK) 110-01 FOR FRB USE ONLY TR. CASE NO. TR CASE NO. 1,000 10,000 ID OR S.S. NO. ADDRESS TOTAL 32 30 NAME(S) DENOM. 1,000 30 NAME(S) LOAN CODE TR. CASE NO. 100,000 1,000,000 TOTAL TR. CASE NO. 1,000 5,000 10,000 JU 100,000 42 1,000,000 99 TOTAL TR. CASE NO. FORM N A IMPORTANT — Closing time for receipt of this tender is 1:30 p.m., Wednesday, October 29,1975. TENDER FOR TREASURY NOTES OF SERIES C-1982 D ated N ovem ber 17, 1975 F ed eral R eser v e B ank of N ew D ue Novem ber 15,1982 D ated a t ....................................................... York, Fiscal Agent of the U nited States, N ew York, N.Y. 10045 19_ Pursuant to the provisions of Treasury D epartm ent Circular No. 32-75, Public D ebt Series, dated O ctober 23, 1975, the undersigned hereby offers to purchase United States of America Treasury Notes of Series C-1982 in the am ount indicated below, and agrees to make paym ent therefor at your Bank on or before the issue date at the price aw arded on this tender. C O M PETITIV E T E N D ER Do not fill in both Competitive and Noncompetitive tenders on one form $ ......................................................... (m aturity value) or any lesser amount, that may be aw arded. N O N CO M PETITIV E T E N D ER $ ......................................................... (m aturity value) (Not to exceed $500,000 for one bidder through all sources) at the average price of accepted competitive bids. Y ie ld :........... (Yield must be expressed with not more than two decimal places, for example, 7 1 1 ) » Subject to allotment please issue, deliver, and accept paym ent 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 Totals □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for mem ber bank only) in — □ Investment Account □ General Account □ Trust Account □ 4. Hold as collateral for Treasury Tax and Loan Account* ( No changes in delivery instructions will be accepted) Payment will be made as follows: □ By charge to our reserve account □ By cash or check in immediately available funds Q By surrender of maturing secu rities as indicated in official circular * 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 of customers, the following certifications are made a part of this tender.) W e H e r e b y C e r t i f y th at w e have received tenders from our customers in the amounts set forth opposite th e customers’ names on the list w hich is m ade a p art of this tender, and th at we have either received and are holding for the Treasury or w'e guarantee paym ent to the Treasury of deposits stipulated in the official offering circular. W e F u r t h e r C e r t i f y th at tenders received by us, if any, from other commercial banks for their own account and for the account of their customers have been entered w ith us under the same conditions, agree ments, an d certifications as set forth in this form. (Name of subscriber — please print or type) Insert this tender in special envelope marked “Tender for Treasury Notes or Bonds” (TeL No.) (Address — incl. City and State) (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) (Name of customer) (Name 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 of $1,000 (maturity value). 2. O n ly b a n k in g in stitu tio n s, a n d d e a le rs w h o m a k e p rim a ry m ark ets in G o v e rn m e n t se cu ritie s a n d re p o rt d a ily to th is B a n k th eir p o sitio n s w ith re sp e c t to G o v e rn m e n t se cu ritie s an d b o rro w in g s th ereon , m ay su b m it ten d ers fo r cu sto m e r a cc o u n t; in d o in g so, th ey m a y co n so lid a te co m p e titiv e te n d ers at the same yield an d m a y co n so lid ate n o n co m p etitiv e ten d ers, p ro v id e d a list is a tta c h e d sh o w in g th e n am e o f e a c h b id d e r an d th e am o u n t b id fo r h is acco u n t. O th ers w ill not b e p e rm itted to su b m it ten d e rs e x c e p t fo r th eir ow n acco u n t. 3. If the person making the tender is a corporation, the tender should be signed by an officer of the corporation author ized to make the tender, and the signing of the tender by an officer of the corporation will be construed as a representation by him that he has been so authorized. If the tender is made by a partnership, it should be signed by a member of the firm, who should sign in the form “ .............................. —........................... » a copartnership, by ...................................................... ........................................................... a member of the firm.” 4. Tenders will be received without deposit from commercial and other banks for their own account, Federally-insured savings and loan associations, States, political subdivisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central banks and foreign States, dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon, and Government accounts. Tenders from others must be accompanied by payment of 5 percent of the face amount of the securities applied for. All checks must be drawn to the order of the Federal Reserve Bank of New York; checks endorsed to this Bank will not be accepted. 5. If the language of this tender is changed in any respect, which, in the opinion of the Secretary of the Treasury is material, the tender may be disregarded. SCHEDULE FOR ISSUE OF REGISTERED TREASURY NOTES OF SERIES C-1982 SUBSCRIPTION NO. SUBSCRIBER. SIGNATURE_ DELIVERY INSTR UC TIO NS PAYMENT INSTRUCTIONS □ D E L IV E R O V E R T H E C O U N T E R □ BY □ S H IP T O S U B S C IB E R □ BY □ O T H E R IN S T R U C T IO N S : ADDRESS___ CHARGE TO OUR RESERVE ACCOUNT FOR FRB USE ONLY TRANS. ACCOUNTING DATE CASH OR CHECK IN I M M E D IA T E L Y A V A IL A B L E F U N D S ISSUE AGENT 12 November 17, 1975 ZIP. INTEREST COMP. DATE NO. OF PIECES REGISTRATION INSTRUCTIONS NAME(S) ID OR S.S. NO. ADDRESS ZIP NAME(S) DENOM. 30 1,000 32 5,000 34 10,000 38 100,000 42 1,000,000 99 TOTAL ZIP NAME(S) 34 10,000 38 100,000 42 1,000,000 99 30 1,000 32 5,000 38 ADDRESS ZIP ZIP 99 TOTAL 32 1,000 5,900 34 10,000 38 100,000 42 1,000,000 99 30 NAME(S) 32 34 ID OR S.S. NO. ADDRESS ZIP TR CASE NO. 100,000 1,000,000 ID OR S.S. NO. ADDRESS TR. CASE NO. 10,000 j 42 30 NAME(S) TOTAL 34 ID OR S.S. NO. 110-01 FOR FRB USE ONLY 5,000 32 ADDRESS SERIAL NOS. (LEAVE BLANK) 1,000 30 ID OR S.S. NO. AMOUNT LOAN CODE TOTAL TR. CASE NO. TR. CASE NO. 1,000 5,000 10,000 38 100,000 42 1,000,000 99 TOTAL TR. CASE NO. I E N V . 2 4 9 -1 -5 -7 8 Federal Reserve Bank of New York Securities Department (8th Floor) 33 Liberty Street New York, N. Y. 10045 Tender for Treasury Notes or Bonds
@FedFRASER