The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States r*Circular No. 876*1 Loctober 8. 192sJ Securities Department 1300,000,000 (or thereabouts) October 15th Offering of 4% Per Cent Treasury Certificates of Indebtedness Subscription Books Open October 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 invites subscriptions to a new issue of Treasury certificates of indebtedness. In announcing this offering Secretary Mellon made the following statement: The Treasury is today offering for subscription, at par and accrued interest, through the Federal Reserve Banks an issue of eleven months 4% per cent Treasury certificates of indebtedness of Series TS-1929, dated and bearing interest from October 15, 1928, and maturing September 15, 1929. The amount of the offering is $300,000,000 or thereabouts. 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 will have two interest coupons attached payable March 15 and September 15, 1929. About $150,000,000 of Third Liberty Loan bonds which became payable on September 15, 1928, are still outstanding. Also, about $150,000,000 in interest payments on the public debt become payable on October 15, 1928. This issue, together with cash now on hand, will provide for the Treasury's requirements up to December 15, 1928. The subscription books for the new issue are now open and applications will be received by this bank as fiscal agent of the United States. The details of the offering are given on the following pages. Very truly yours, BENJ. STRONG, Governor. New Certificate Issue Circular No. 876 Federal Reserve Bank of New York Fiscal Agent of the United States Offering of United States of America Four and Three-Quarter Per Cent Treasury Certificates of Indebtedness SERIES TS-1929 Dated and Bearing Interest from October 15, 1928 Due September 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 Eeserve Banks, Treasury certificates of indebtedness of Series TS-1929, dated and bearing interest from October 15, 1928, payable September 15, 1929, with interest at the rate of four and three-quarters per cent per annum, payable on a semiannual basis. 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 will have two interest coupons attached, payable March 15, 1929 and September 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 this 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 this 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 applied for and to close the subscriptions 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 October 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. 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. New York, October 8, 1928. B E N J . STRONG, Governor. Original FEDERAL RESERVE BANK OF NEW YORK Lot Number Application Number C NOTICE OF ALLOTMENT on Cash Subscription to United States Government Obligations DESCRIBED BELOW , 1928 (par value) Referring to your subscription to $ UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1929, DATED OCTOBER 15, 1928, DUE SEPTEMBER 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 OP NEW 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 DISPOSE OF SECURITIES AS INDICATED BELOW Numbers Hold to secure War Loan Deposits $500 Hold for Safekeeping (For members only) 1,000 Deliver Over Counter 5,000 Deliver to Loan and Discount Department 10,000 Ship Definitive Securities 100,000 Special Instructions Total The method of payment is indicated below: B y debit t o o u rreserve account By check - - - - - - - - - - - - - - - - - Subscriber... $ Street address, • $ B y credit t o W a r Loan Deposit Account a s 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 Dollars, $. sum of Cashier or Vice-President \ v Demands for withdrawal of deposits in the above account will be made through the Federal Reserve Bank of New York as fiscal agent the United States. DO NOT USE THESE SPACES Received from FEDERAL RESERVE BANK OP N E W YORK the above described United States Government obligations allotted in the amount indicated above. Taken from VaultCounted Delivery Receipt Paid Stamp Eeleased AmountSubscriber. Checked Delivered JA By- Date. By. Duplicate FEDERAL RESERVE BANK OF NEW YORK Lot Number Application Number c NOTICE OF ALLOTMENT on Cash Subscription to United States Government Obligations DESCRIBED BELOW , 1928 (par value) Referring to your subscription to $ UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1929, DATED OCTOBER 15, 1928, DUE SEPTEMBER 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 LEAVE BLANK DISPOSE or SECUEITIES AS INDICATED BELOW Numbers Par Amount Hold to secure War Loan Deposits $500 Hold for Safekeeping (For members only) 1,000 Deliver Over Counter 5,000 Deliver to Loan and Discount Department 10,000 Ship Definitive Securities 100,000 Special Instructions Total The method of payment is indicated below: B y debit t o o u rreserve account By check - - - - - - - - - - - - - - - - - - - - - - Subscriber $ • $ Street address. — B y credit t o W a r L o a n Deposit A c c o u n t a s 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 f 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 .Dollars, $. sum of. 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 Eeleased Eeceived from FEDERAL EESEKVE BANK OF NEW YORK the above described Taken from Vault Counted Delivery Receipt United States Government obligations allotted in the amount indicated above. Amount- Checked Delivered Subscriber. By- Date. By. IB CASH SUBSCRIPTION Lot Number Application Number IB To United States Government Obligations Described Below Dated at .192S INTEREST COMPUTATION: Computed on semiannual basis. Number 1 coupon covers 151 days in 181-day period: Decimal for one days interest on $1,000 $0.18121547. Coupon Number 2 covers one-half year of 184 days: Decimal for one days interest on $1,000 $0.12907609. FEDERAL BESEKVE BANK OP NEW YORK, Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the terms stated in the current offering of the Secretary of the Treasury please enter our (my) subscription at par and accrued interest for $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1929, DATED OCTOBER 15, 1928, DUE SEPTEMBER 15, 1929. We (I) agree to pay to you on the date of the above issue at par for any securities allotted on account of this subscription, and payment will be made by the method indicated below: D By cash D By check 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 FOB THE USE OF THE FEDERAL DESERVE BANK OF NEW YORK FIGURED Allotment CARD | Fizwred Checked Advi«eH || Released Payment $ * \ DEPOSITION ACKNOWLEDGKD CLASSIFIED || Dato S By Cash By Check Drawn on Check No. Received Checked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis _ Interest Checked Recorded Window Custody Mail BTCLot Number c Cash Subscription by Bank or Trust Company To Application Number United States Government Obligations Described Below Dated at .1928 INTEBEST COMPUTATION: Computed on semiannual basis. Number 1 coupon covers 151 days in 181-day period: Decimal for one days interest on $1,000 $0.13121547. Coupon Number 2 covers one-half year of 184 days: Decimal for one days interest on $1,000 $0.12907609. FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. DEAB SIRS: Pursuant to the terms stated in the current offering of the Secretary of the Treasury please enter subscription as follows at par and accrued interest for UNITED STATES OF AMERICA 43/4 PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1929, DATED OCTOBER 15, 1928, DUE SEPTEMBER 15, 1929 For our own account (not classified below) $ For our customers (classified below) = = ^ = = = = r Total Subscription $ CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS (For example: Class A —10 at $1,000) CLASS C CLASS B Subscriptions of 51,100 to $10,000 Inclusive Subscriptions of $10,100 to $50,000 Inclusive Number of Number of Amount Leave Blank tfXch 1 1-ve Blank Subscript's of Each Subscript's CLASS A Subscriptions of $1,000 and under Number of ofEwh I L ^ e Blank Subscript's CLASS D Subscriptions of $50,100 to $100,000 Inc. Number of I Amount Leave Blank Subscript's | of Each at at at at at at at at at at at at at at at at at at at at at at at at at at at at at CLASS E Sub's of $100,100 to $500,000 Inclusive Number of Amount Leave Blank Subscript's of Each at at CLASS F Sub's of $500,100 to $1,000,000 Inclusive Number of Amount 1 L e a v e Blank of 1'jacn Subscript's CLASS G Subscriptions of over $1,000,000 Number of 1 Amount Leave Blank Subscript's 1 of Each at at at at at at at at at at at at at at at at at at ftt Hi at at at at We agree to pay to you on the date of the above issue at p ar for any securities allotted on account of this subscription, and payment will be made by the method indicated below: \ B y debit to our reserve account *y c h e c k - - - - - - - - - - - - - - - - • • TO SUBSCRIBER: Mark (X) in proper space to indicate if this is: Original subscription Confirmation of a telegram Confirmation of a letter By Bank or Trust Company Received - - - - , Official signature required Ledger Classified Checked - State. Figured i - Post Office Address Carded Allotment Deposit Account 'Before signing fill in all required spaces. SPACES BELOW ARE FOR TUXI van Examined credit to W a r Loan Checked Advised OF THE FEDERAL RESERVE BANK Acknowledged Government Deposit Hold Method of Payment Disposition Amount Date Released By 1 Recorded Window Custody Mail Other Departments
@FedFRASER