8 Per Cent Treasury Certificates

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FEDERAL RESERVE BANK
OF NEW YORK

^
v

Fiscal Agent of the United States
r Circular No. 837T

Securities Department

L March 8, 1928 J

$200,000,000
(or thereabouts)

March 15th Offering of Nine Months 3/4 Per Cent Treasury Certificates

$360,000,000
(or thereabouts)

March 15th Offering of One Year 3?& Per Cent Treasury Certificates
Subscription Books Open March 8

\
- >

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 new series of
3*4 per cent Treasury certificates of indebtedness running for nine months from
March 15, 1928, and a new series of 3% per cent Treasury certificates of indebtedness running for one year from March 15, 1928. 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, 1928, one series at 3*4 per cent, being for nine
months, maturing December 15, 1928, and the other series at 3 % per cent, being for one
year, maturing March 15, 1929. The amount of the nine months offering is $200,000,000, or thereabouts, and the amount of the one year offering is $360,000,000, or
thereabouts. The Treasury will accept in payment for the new certificates at par,
Treasury certificates of indebtedness of Series TM-1928 and TM2-1928, both maturing March 15, 1928. Subscriptions for which payment is to be tendered in certificates
of indebtedness maturing March 15, 1928 will be allotted in full, up to the amount
of the respective offerings.
About $514,000,000 of Treasury certificates of indebtedness become payable on
March 15, 1928. Also, about $83,000,000 in interest payments on the public debt
become payable on that date.
The present offering, with tax and other receipts, will cover the Treasury's cash
requirements until June.

It will be noted from Secretary Mellon's statement that exchange subscriptions
in payment of which Treasury certificates maturing on March 15th are tendered in
payment will be allotted in full.
The subscription books for this offering are now open and applications will be
received by this bank as fiscal agent of the United States. The terms of the offering
are given in full on the following page.
Very truly yours,

BENJ. STEONG,
Governor.

New Certificate Issues

Circular No. 837

Federal Reserve Bank of New York
United States of America Treasury Certificates of Indebtedness
Dated and Bearing Interest from March 15, 1928
Series TD 2-1928, Three and One-Quarter per cent, due December 15, 1928
Series TM-1929, Three and Three-Eighths per cent, due March 15, 1929

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, under the authority of the act approved September 24,
1917, 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, 1928, the certificates of Series TD2-1928 being payable on December
15, 1928, with interest at the rate of three and one-quarter per cent per annum, payable on a
semiannual basis, and the certificates of Series TM-1929 being payable on March 15, 1929,
with interest at the rate of three and three-eighths per cent per annum, payable semiannually.
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 TD2-1928 will have two interest coupons attached, payable
June 15, 1928 and December 15, 1928, and the certificates of Series TM-1929, two interest
coupons attached, payable September 15, 1928 and March 15, 1929.
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 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
will 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 the allotment will be publicly
announced.
Payment at par and accrued interest for certificates allotted must be made on or before
March 15, 1928, 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 certificates of indebtedness of Series TM-1928 and TM2-1928, both maturing March 15, 1928, 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,
BESTJ, STRONG,

New York, March 8, 1928.

Governor.

Original

FEDERAL RESERVE BANK

Lot Number

Application Number

OF NEW YORK

NOTICE OF ALLOTMENT
on

Subscription to 3V4 Per Cent Treasury Certificates, Series TD2-1928
Dated March 15, 1928

Due December 15, 1928
March

, 1928

Referring to your subscription to $
(par value)
United States of America 3 ^ per cent Treasury certificates of indebtedness, Series TD2-1928, dated March 15, 1928, due
December 15, 1928—you have been allotted $
IMPORTANT
To obtain delivery of the securities, the original of this notice properly filled out and signed in
the spaces provided below must be returned immediately to the Federal Reserve Bank of New York.
In cases where securities are to be delivered over the counter to a representative of the subscriber the duplicate copy of this notice accompanied by a letter of identification must be presented
by the representative.

FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Cheeked by

Instructions to Federal Reserve Bank of New York
ISSUE SECURITIES IN THE
FOLLOWING DENOMINATIONS

Pieces Denominations |

DISPOSE OF SECURITIES AS INDICATED BELOW

LEAVE BLANK

Numbers

Par Amount

Hold to secure War Loan Deposits
Hold for Safekeeping (For members only)

500

Deliver Over Counter

1,000

Deliver to Loan and Discount Department

5,000

Ship Definitive Securities

10,000

Special Instructions

100,000
Total

The method of payment is indicated below:
By debit t o o u r r e s e r v e a c c o u n t

B y check -

By
By

T r e a s u r y certificate*, Series T M - 1 9 2 8 ,
March 1 5 , 1 9 2 8
T r e a s u r y certificates, S e r i e s T M 2 - 1 9 2 8 ,
March 15, 1 9 2 8

Subscriber.. . .
Street address.

maturing
$
maturing
$

Town

credit to War Loan Deposit Account as indicated below.

State

When payment is to be made by credit to War Loan deposit account, the following certificate of advice must be filled
out and signed.
CERTIFICATE OF ADVICE
, 1928
(Date)
1 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 oL~

Dollars, $..
Cashier or Vice-President

Demands for withdrawal of deposits in the above account will be made through the Federal Eeserve Bank of New York as fiscal agent
»f the United States.
DO NOT USE THESE SPACES
Released
Taken from Vault
Counted

Delivery Eeceipt

Paid Stamp

Received from FEDERAL RESERVE BANK OF NEW YORK in the amount indicated

above
3*4% Treasury Certificates Dated March 15, 1928 Due December 15, 1928
Subscriber

Checked
Delivered
NA-CS

Date

Duplicate

FEDERAL RESERVE BAKE

Lot Number

Application Number

OP NEW YORK

NOTICE OF ALLOTMENT
on

Subscription to 3Vi Per Gent Treasury Certificates, Series TD2-1928
Dated March 15, 1928

Due December 15, 1928
March

, 1928

Referring to your subscription to $
(par value)
United States of America S1/^ per cent Treasury certificates of indebtedness, Series TD2-1928, dated March 15, 1928, due
December 15, 1928—you have been allotted $
IMPORTANT
To obtain delivery of the securities, the original of this notice properly filled out and signed in
the spaces provided below must be returned immediately to the Federal Reserve Bank of New York.
In cases where securities are to be delivered over the counter to a representative of the subscriber the duplicate copy of this notice accompanied by a letter of identification must be presented
by the representative.

FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Checked by

Instructions to Federal Reserve Bank of New York
ISSUE SECURITIES IN THE
FOLLOWING DENOMINATIONS

Pieces Denominations

DISPOSE OF SECURITIES AS INDICATED BELOW

LEAVE BLANK

Numbers

Par Amount

Hold to secure War Loan Deposits
Hold for Safekeeping (For members only)

500
1,000

Deliver Over Counter

5,000

Deliver to Loan and Discount Department
Ship Definitive Securities

10,000
;

Special Instructions

=
100,000
i Total

The method of payment is indicated below:
B y debit t o o u r r e s e r v e a c c o u n t

(

B y cheek

Subscriber
—

Street address.

Treasury certificates, Series TM-1928, maturing
March 15, 1928
$
By Treasury certificates. Series TM2-1928, maturing
March 15, 1928
$
By credit to War Loan Deposit Account as indicated below.

Town

State

When payment is to be made by credit to War Loan deposit account, the following certificate of advice must be filled
out and signed.
CERTIFICATE OF ADVICE
.., 1928
(Date)

I HEREBY CERTIFY that there has been deposited this day with the above bank or trust company, to the credit of die 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 oL_

Dollars, $..
Cashier or Vice-President -

Demands for withdrawal of deposits in the above account will be made through the Federal Reserve Bank of New York as fiscal agent
jf the United States.
DO NOT USE THESE SPACES
Paid Stamp

Released

Beceived from FEDERAL RESERVE BANK OP NEW YOEK in the amount indicated

Taken from Vault Counted

Delivery Receipt
above

Amount-

Treasury Certificates Dated March 15, 1928 Due December 15, 1928

Checked
Delivered

NA-CS

Subscriber
Bv

Date

,
Bv

Original

FEDERAL RESERVE BANK
OF NEW YORK

Lot Number

Application Number

NOTICE OF ALLOTMENT
on

Subscription to 3% Per Cent Treasury Certificates, Series TM-1929
Dated March 15, 1928

Due March 15, 1929
March

, 1928

Referring to your subscription to $
(par value)
United States of America 3% per cent Treasury certificates of indebtedness, Series TM-1929, dated March 15, 1928, due
March 15, 1929—you have been allotted $
IMPORTANT
To obtain delivery of the securities, the original of this notice properly filled out and signed in
the spaces provided below must be returned immediately to the Federal Reserve Bank of New York.
In cases where securities are to be delivered over the counter to a representative of the subscriber the duplicate copy of this notice accompanied by a letter of identification must be presented
by the representative.

FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Checked by

Instructions to Federal Reserve Bank of New York
ISSUE SECUBITIES IN THE
FOLLOWING DENOMINATIONS

Pieces Denominations

LEAVE BLANK

DISPOSE OF SECURITIES AS INDICATED BELOW

Numbers

Par Amount

Hold to secure War Loan Deposits
Hold for .Safekeeping (For members only)

500
1,000

Deliver Over Counter

5,000

Deliver to Loan and Discount Department
Ship Definitive Securities

10,000

Special Instructions

100,000
Total

The method of payment is indicated below:
B y debit t o o u r r e s e r v e a c c o u n t
B y check .
By
By

T r e a s u r y certificates, Series T M - 1 9 2 8 ,
March 1 5 , 1 9 2 8
Treasury c e r t i f i c a t e s . S e r i e s T M 2 - 1 9 2 8 ,
March 1 5 , 1 9 2 8

Subscriber

$—

Street address.

maturing
$.
maturing

>By credit to War Loan Deposit Account as indicated below.

Town

State

When payment is to be made by credit to War Loan deposit account, the following certificate of advice must be filled
out and signed.
CERTIFICATE OF ADVICE

, 1928

(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 Vice-President

"Demands for withdrawal of deposits in the above account will be made through the Federal Eeserve Bank of New York as fiscal agent
the United States.
DO NOT USE THESE SPACES
Paid Stamp

Released

in the amount indicated
above
3%% Treasury Certificates Dated March 15, 1928 Due March 15, 1929
Subscriber
Bv
Date.
Received from FEDERAL EESEEVE BANK OF NEW YORK

Taken from Vault

Checked

Digitized -CL
for FRASER

Delivery Receipt

Duplicate

FEDERAL RESERVE BANK

Lot Number

Application Number

OP NEW YORK

NOTICE OF ALLOTMENT
on

Subscription to 3% Per Cent Treasury Certificates, Series TM-1929
Dated March 15, 1928

Due March 15,1929

March

, 1928

Referring to your subscription to $
(par value)
United States of America 3 % per cent Treasury certificates of indebtedness, Series TM-1929, dated March 15, 1928, due
March 15, 1929—you have been allotted $
IMPORTANT
To obtain delivery of the securities, the original of this notice properly filled out and signed in
the spaces provided below must be returned immediately to the Federal Reserve Bank of New York.
In cases where securities are to be delivered over the counter to a representative of the subscriber the duplicate copy of this notice accompanied by a letter of identification must be presented
by the representative.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Checked by

Instructions to Federal Reserve Bank of New York
ISSUE SECURITIES IN THE
FOLLOWING DENOMINATIONS

Pieces Denominations

DISPOSE OF SECURITIES AS INDICATED BELOW

LEAVE BLANK

Par Amount

Numbers
Hold to secure War Loan Deposits
Hold for Safekeeping (For members only)

500
1,000

Deliver Over Counter

5,000

Deliver to Loan and Discount Department
Ship Definitive Securities

10,000

Special Instructions

100,000
Total

The method of payment is indicated below
By debit to our reserve account
By cheek

Subscriber.

- - - - - - - - $ .

Street address.

Treasury certificates, Series TM-1928, maturing
March 15, 1928
*..
By Treasury certificates, Series TM2-1928, maturing
March 15, 1928
$.
J3y credit to War Loan Deposit Account as indicated below.

Town

State

f When payment is to be made by credit to War Loan deposit account, the following certificate of advice must be filled
out and signed.
CERTIFICATE OF ADVICE
, 1928
(Date)

-Dollars, $

Cashier or Vice-President
Demands for withdrawal of deposits in the above account -will be made through the Federal Eeserve Bank of New York as fiscal agent
the United States.
DO NOT USE THESE SPACES
Released
"akenfrom VaultCounted

Delivery Receipt

Paid Stamp

Received from FEDERAL RESERVE BANK OF NEW YORK in the amount indicated

above
3%% Treasury Certificates Dated March 15, 1928 Due March 15, 1929

Checked
)elivered
Digitized-CL
for FRASER

Subscriber
Date

BTC-CL

Lot Number

Cash Subscription by Bank or Trust Company

Application Number

To 3% Per Cent Treasury Certificates, Series TM-1929
Dated March 15, 1928
Due March 15, 1929
Dated at
.1928
Interest computation:

Series TM-1929 first coupon for one-half year 184 day period. Decimal for one day's interest on $1,000 $0.09171196.
Second coupon for one-half year 181 day period decimal $0.09323204.

FEDERAL RESERVE BANK OF N E W YORK

Fiscal Agent of the United States
New York, N. Y.
DEAR S I R S :

Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 8, 1928, please enter subscription at
par and accrued interest for United States of America 3 % per cent Treasury certificates of indebtedness, Series TM-1929 dated March 15,
1928, and due March 15, 1929, as follows:
For our own account (not classified below)

For our customers (classified below)

Total Subscription

CLASSIFICATION OF 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 Inclusiv£ Subscription* of $10,100 to $50,000 Inclusive
Amount
Number
Leave Blank
Amount
Leave Blank
Number

CLASS E
Sub's of $100,100 to $500,000 Inclusive
Amount
Number
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, 1928 at par for any certificates allotted on account of this subscription, and payment will
be made by the method indicated below:

•
•

B y debit to our reserve account
By

check

By credit to War Loan Deposit Account

' Before signing fill in all required spaces.
TO 6UBSCEIBEE:
Mark (X) in proper space
to indicate if this is:
Original subscription
Confirmation of a telegram..
Confirmation of a letter

Bank or Trust Company....
\

Post Office Address..
State.
Official signature required

SPACES BELOW ABE FOB THE USE OF THE FEDERAL BE8EBVE BANK
Examined

Ledger

Classified

Carded

Government Deposit

Acknowledged

Disposition

Hold_
Allotment

Reoeived

Figured

Checked

Advised

Recorded

Method of Payment

Window

Amount

Custody

Date Released

Mai]

Other Department*

IB-CI.

CASH SUBSCRIPTION

Lot Number

Application Number

To 3 % Per Cent Treasury Certificates of Indebtedness
Series TM-1929
Dated March 15, 1928

Due March 15, 1929

Dated at.
.1928

Intercut computation:

Series TM-1929 first coupon for one-half year 184 day period. Decimal for one day's interest on $1,000 $0.09171196.
Second coupon for one-half year 181 day period decimal $0.09323204.

FlDKKAL RKSERVB BANK OF N«W YOKK.

Fiscal Agent of the United States,
New York, N. Y.
HEAR SIRS:

Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 8, 1928, 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-1929 dated March 15, 1928, due March 15, 1929.
We (I) agree to pay to you on March 15, 1928, at par for any certificates allotted on account of this subscription, and payment
will be made bv the method indicated below:

•

By check

•

By cash

Payment will be made by (name)
This is a confirmation of a previous subscription.

Write Ye.

Writ« No

Subscriber
Street address.
Town

State

THIS SPACE IS FOR THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
nGUBEX)

CLAS8IHED

Allotment

LEDGER

j Figured Checked Advised

DISPOSITION

ACKNOWLEDGED

Released

Payment

Date

\
\

By Gash

By Check
Cheek No.

Drawn on

1
Received"

Checked

Interest

Checked

Recorded

Window

Custody-

Mail

EA-CL

EXCHANGE APPLICATION

Lot Number

Application Number

s
To 3% Per Cent Treasury Certificates of Indebtedness, Series TM-1929
Dated March 15, 1928.
Due March 15, 1929.

NOTICE TO SUBSCRIBERS:
Subscribers tendering Treasury certificates maturing March 15,
1928 will receive allotment in full under this application. If payment
is to be made by such certificates now held by the Federal Reserve
Bank of New York instructions should be given accordingly.

.1928
EESEEVE BANK OT NEW YORK

Fiscal Agent of the United States
New York, N. T.
DZAB SIRS:

Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 8, 3928, please enter subscription at
pa r for $

(par value) United States of America 3% per cent Treasury certificates of indebtedness dated

Mi ireh 15, 3928, due March 15, 1929, to be allotted in full.
In payment of this subscription we will deliver to you on or before March 15, 1928, Treasury certificates maturing on March 15, 1928,
as follows:
Treasury certificates, Series TM-1928

Treasury certificates, Series TM2-1928.

' Before signing fill in all required spaces.
TO SUBSCEIBEE:
Mark (X) in proper space
to indicate if this is:
Original subscription
Confirmation of a t e l e g r a m . . . . .
Confirmation of a letter

Subscriber
Post Office Address.

State
Official Signature Eequired

SPACES BELOW FOE THE USE OF THE FEDEBAL EESEEVE BANK
Examined

Carded

Allotment

Journal

Figured

Checked

Ledger

Acknowledged

Advised

Security Exchanged

Disposition

Amount

Date Released

V
Received

Checked

Recorded

Window
|

Safekeeping

Mail

Other Departments

EA-CS
\

EXCHANGE APPLICATION

Lot Number

Application Number

To 3^4 Per Cent Treasury Certificates of Indebtedness, Series TD2-1928
Dated March 15, 1928.
Due December 15, 1928.

.1928
FEDERAL RESERVE BANK OF NFW YORK

Fiscal Agent of the United States
New York, N. Y.
DEAK SIRS:

Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 8, ]928, please enter subscription at
pa r for $

(par value) United States of America 3*4 per cent Treasury certificates of indebtedness dated

ML rch 15, 1928, due December 15, 1928, to be allotted in full.
In payment of this subscription we will deliver to you on or before March 15, 1928, Treasury certificates maturing on March 15, 1923,
as •follows:
Treasury certificates, Series TM-1928

Treasury certificates, Series TM2-1928.

Before signing fill in all required spaces.
TO SUBSCRIBER:
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

Figured

Allotment

Received

Journal

Carded

Checked

Recorded

Ledger

Acknowledged

Advised

Security Exchanged

Window

Disposition

Amount

Safekeeping:

Date Released

Mail

Other Departments

IB-CS

CASH SUBSCRIPTION

Lot Number

Application Number

To 3/4 Per Cent Treasury Certificates of Indebtedness
Series TD2-1928
Dated March 15, 1928.

Due December 15, 1928.

Dated at.
.1928
Interest computation: Series Tl) 2-1928 fkrst coupon covers 98 days in 18$ day period. Decimal for one day's interest on $1,000 $0.08879781.
Second coupon covers one-half year 183 day period with same decimal.
FKOKRAI, KESERVE BANK OF NKW 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 8, 1928, 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 TD2-1928 dated March 15, 1928, due December 15, 1928.
We (I) agree to pay to you on March 15, 1928, at par for any certificates allotted on account of this subscription, and payment
will be made bv the method indicated below:
By check

By cash

Payment will be made by (name)
This is a confirmation of a previous subscription..

Write Yes
or

Write No

Subscriber
Street address.
Town

State

THIS SPACE IS FOR THE USE OF THE FEDERAL RESERVE BAISK OF NEW YORK
CAKD

Allotment

CLASSIFIED

DISPOSITION

ACKNOWLEDGED

Figured Checked | Advised

Released

Payment

Date

By Cash
!

By Check
Cheek No.

Received

Checked

Interest

Checked

Drawn on

Recorded

Window

Custody

Mail

BTC-CS

Application Number

Lot Number

Cash Subscription by Bank or Trust Company

To 3U Per Cent Treasury Certificates, Series TD2-1928
Dated March 15.1928
Due December 15,1928
Dated at
.1928
Interest computation: Series TD 2-1028 first coupon covers 92 days in 183 day period. Decimal for one day's interest on $1,000 $0.08879781.
Second coupon covers one-half year 183 day period with same decimal.
FEDERAL KESERVE 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 8, 1928, please enter subscription at
par and accrued interest for United States of America 3% per cent Treasury certificates of indebtedness, Series TD2-1928 dated March 15,
1928, and due December 15, 1928, as follows:
For our own account (not classified below)
$_
For our customers (classified below)
Total Subscription

CLASSIFICATION OF CUSTOMERS' SUBSCBIPTIONS
(Not for denomination of securities)
CLASS C
CLASS D
CLASS B
Subscriptions of $1,100 to $10,000 Inclusive Subscriptions of $10,100 to $50,000 Inclusive Subscriptions of $50,100 to $100,000 Inc.
Amount
Number
Amount
Number
Leave Blank
Amount
Leave Blank
Number
Leave Blank

CLASS A
Subscriptions of $1,000 and under
Amount
Leave Blank
Number

CLASS E
Sub's of $100,100 to $500,000 Inclusive
Amount
Number
Leave Blank

CLASS F
Sub'i of $500,100 to $1,000,000 Inclusive
Amount
Leave Blank
Number

CLASS G
Subscriptions of over $1,000,000
Number
Amount
Leave Blank

We agree to pay to you on March 15, 1928, at par for any certificates allotted on account of this subscription, and payment will
be made by the method indicated below:
By debit to our reserve account
By

check

•
•

•

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