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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States TCircular No. 906*1 L March 7. 1929 J $475,000,000 (or thereabouts) March 15th Offering of 4% Per Cent Treasury Certificates of Indebtedness 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 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 nine months 4% per cent Treasury certificates of indebtedness of Series TD2-1929, dated and bearing interest from March 15, 1929, and maturing December 15, 1929. The amount of the offering is $475,000,000 or thereabouts. Applications will be received at the Federal Reserve Banks. The Treasury will accept in payment for the new certificates at par, Treasury certificates of indebtedness of Series TM-1929 and TM2-1929 both maturing March 15, 1929. Subscriptions for which payment is to be tendered in certificates of indebtedness maturing March 15, 1929, will be allotted in full up to the amount of the offering. 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 September 15 and December 15, 1929. About $560,000,000 of Treasury certificates of indebtedness, and about $60,000,000 in interest payments on the public debt, become due and payable on March 15, 1929. The present offering, with tax and other receipts, is expected to cover the Treasury's cash requirements until June. 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. GEORGE L. HARRISON, Governor. New Certificate Issue Circular No. 906 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 TD2-1929 Dated and Bearing Interest from March 15, 1929 Due December 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 of Series TD2-1929, dated and bearing interest from March 15, 1929, payable December 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 September 15, 1929 and December 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, 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, 1929, 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-1929 and TM2-1929, both maturing March 15, 1929, 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. GEORGE L. HARRISON, Governor. New York, March 7, 1929 GOVERNMENT BOND AND SAFEKEEPING DEPARTMENT FEDERAL RESERVE BANK OF NEW YORK EXCHANGE No. Not Negotiable Receipt is acknowledged of $ Par Value 3 % % Treasury Certificates Series TM -1929 3 % % Treasury Certificates Series TM2-1929 • Q Tendered in exchange for 4%% Treasury Certificates Series TD2-1929 F] This memorandum is without value except as an acknowledgment of the receipt of the securities mentioned. Securities will be delivered to your representative upon surrender of this receipt with letter of identification officially signed. FEDERAL RESERVE BANK OF NEW YORK FISCAL AGENT OF THE UNITED STATES Teller BTC-L Lot Number Application Number c Cash Subscription by Bank or Trust Company To United States Government Obligations Described Below Dated at .1929 Decimals for one day's interest on $1000 certificates of Series TD2-1929 follow: For first period $0.12907609. For second period $0.13121547. FEDERAL EESEEVE BANK or NEW YOBK, Fiscal Agent of the United States, New York, N. Y. DEAR SIES: 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 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929. DUE DECEMBER 15, 1929. For our own account (not classified below). For our customers (classified below) Total Subscription CLASSIFICATION OF CUSTOMEES' SUBSCRIPTIONS (For example: Class A —10 at $1,000) CLASS A Subscriptions of $1,000 and under Amount Number of Leave Blank of Each Subscript's CLASS B Subscriptions of 51,100 to $10,000 Inclusive Subscriptions of Number of Amount Number of I Leave Blank Subscript's of Each Subscript's [ CLASS D CLASS C $10,100 to $50,000 Inclusive Subscriptions of $50,100 to $100,000 Inc. Number of 1 Amount Amount Leave Blank Leave Blank Subscript's | of Each 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 Amount Number of L eave Black Subscript'* of Each at at CLASS F Sub's of $500,100 to $1,000,000 Inclusive Number of 1 Amount Leave Blank Subscript's 1 of Each 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 at at at at at at We 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: • • By debit to our reserve account By cheek - TO SUBSCRIBEB: Mark (X) in proper space to indicate if this is: Original subscription Confirmation of a telegram Confirmation of a letter B y credit to W a r L o a n Deposit A c c o u n t - - - - - - S f Before signing fill in all required spaces. Bank or Trust Company Post Office Address State. Official signature required SPACES BELOW ABE FOB THE USE' OF THE FEDEBAL. BESEBVE BANK Carded Examined Figured Allotment 1 Received 1 Checked Ledger Classified Checked Advised Recorded Acknowledged Government Deposit HoW Method of Payment Window Disposition Amount Custody Date Released Mail By Other Departments Please use separate exchange application for each issue surrendered KA-CL EXCHANGE APPLICATION Lot Number Application Number E For 4% Per Cent Treasury Certificates of Indebtedness, Series TD2-1929 Dated March 15, 1929 Due December 15, 1929 NOTICE T O SUBSCRIBERS: Subscribers tendering Treasury certificates maturing March 15, 1929 will receive allotment in full under this application up to the amount of the respective offerings. If payment is to be made by such certificates now held by the Federal Reserve Bank of New York instructions should be given accordingly. .1929 FKDKRAL RESERVE B A N E or N E W TOBK, Fiscal Agent of the United States, New York, N. Y. DKAB 8iB8: Pursuant to the terms stated in the current offering of the Secretary of the Treasury, please enter subscription at par and accrued interest for $ (par value) United States of America Treasury certificates of indebtedness as above described. In payment of this subscription we will deliver to you on or before March 15, 1929, Treasury certificates of the series, maturing on March 15, 1929, as indicated below: 3%% Treasury certificates, Series TM-1929 • Indicate by X mark 3%% Treasury certificates, Series TM2-1929 • ' Before signing fill in all required spaces. TO SUBSCEIBEB: Mark (X) in proper space to indicate if this is: Subscriber Post Office Address. State Original subscription Confirmation of a telegram. Confirmation of a letter Official Signature Required SPACES BELOW FOB THE USE OF THE FEDERAL RESERVE BANK Examined Carded Journal Figured Allotment Received Checked Ledger Checked Recorded Advised Acknowledged Disposition Security Exchanged Window Amount Safekeeping Date Released Mail By Other Department* IB-L CASH SUBSCRIPTION Lot Number Application Number IB To United States Government Obligations Described Below Dated at .1929 Decimals for one day's interest on $1000 certificates of Series TD2-1929 follow: For first period $0.13907609. For second period $0.13121547. FEDERAL EESEKVE 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 43/4 PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929, DUE DECEMBER 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: • By cheek • By cash Payment will be made by (name) This is a confirmation of a previous subscription. Write Ye» or Write No Subscriber . . . Street address. Town State THIS SPACE IS FOE THE USE OF THE FEDEEAL EESEEVE BANK OF NEW YOEK FIGURED Allotment CARD CLASSIFIED ACKNOWLEDGED Figured Checked Advised DISPOSITION Payment Released * $ Date $ • - By Cash By Check Check No. Received Checked Interest Checked Drawn on Recorded Windov - Custody Mail Original FEDERAL RESERVE BANK Lot Number Application Number OF NEW YORK E NOTICE OF ALLOTMENT on Exchange Subscription to United States Government Obligations DESCRIBED BELOW , 1929. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929, DUE DECEMBER 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, hi 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, Checked by Fiscal Agent of the United States. Instructions ISSUE SECURITIES IN THE FOLLOWING DENOMINATIONS Pieces Denominations to Federal Reserve Bank of New LEAVE BLANK Par Amount York DISPOSE OF SECUEITIES 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 surrender o f maturing: certificates a s follows: Subscriber.... 8%% T r e a s u r y certificates, Series T M - 1 9 2 9 - - - - $ . Street address. 3 % % Treasury certificates, Series T M 2 - 1 9 2 9 - - - . $ . State Town DO NOT USE THESE SPACES Eeceived from FEDERAL RESERVE BANK or NEW YORK the above described Taken from Vault Counted Delivery Eeceipt Paid Stamp Keleased United States Government obligations allotted in the amount indicated above. Amount- Checked Delivered -4-EE Subscriber. By- Date. By. Duplicate FEDERAL RESERVE BANK Lot Number Application Number OF NEW YORK E NOTICE OF ALLOTMENT on Exchange Subscription to United States Government Obligations DESCRIBED BELOW , 1929. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929, DUE DECEMBER 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, 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 or 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: Subscriber B y surrender o f m a t u r i n g certificates a s follows: 3 % % T r e a s u r y certificates, Series T M - 1 9 2 9 . . . . $ 3 % % T r e a s u r y certificates, Series T M 2 - I 9 2 9 . . . . $ Street address. Town State DO NOT USE THESE SPACES Paid Stamp Released Received from FEDERAL RESERVE BANK OP NEW YORK the above described Taken from VaultCounted Delivery Receipt United States Government obligations allotted in the amount indicated above. Amount- Cheeked Delivered Subscriber. By- JA-EE Date. By. Triplicate FEDERAL RESERVE Lot Number BANK OF N E W YORK Application Number E PENDING DELIVERY TICKET Allotment to United States Government Obligations DESCRIBED BELOW , 1929. Amount of subscription $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH IS, 1929, DUE DECEMBER 15, 1929 Amount allotted $ Partial Deliveries Made as Follows: DATE AMOUNT BALANCE DISPOSITION Original FEDERAL RESERVE BANK Lot Number Application Number OF NEW YORK NOTICE OF ALLOTMENT on Cash Subscription to United States Government Obligations DESCRIBED BELOW , 1929. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929, DUE DECEMBER 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 to our reserve account - - - . - . . - By check Subscriber $ Street address S 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 ., 1929 (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 ^ J ! 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 Keleased Taken from Vault Counted Delivery Eeceipt Eeceived from FEDERAL EESERVE BANK OF N E W YORK the above described United States Government obligations allotted in the amount indicated above. Amount- Checked Delivered Subscriber. By- TA-CC Date. By- Duplicate FEDERAL, RESERVE BANK Lot Number Application Number OF NEW YORK NOTICE OF ALLOTMENT OB Cash Subscription to United States Government Obligations DESCRIBED BELOW , 1929. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929, DUE DECEMBER 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, hi 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, 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 or 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: Subscriber B y debit t o o u r reserve account - - - . . . . - $ Street address B y check - $ Town B y 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 a s i n d i c a t e d 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 , 1929 (Date) HA 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 »^ of 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 "—"oTtEe United States. DO NOT USE THESE SPACES Paid Stamp Delivery Eeceipt Eeleased Eeceived from FEDERAL EESEEVE BANK OF NEW YOBK the above described Taken from Vault Counted United States Government obligations allotted in the amount indicated above. AmountSubscriber. Checked Delivered NA-CC By- Date. By. Triplicate FEDERAL RESERVE BANK OF NEW YORK Lot Number Application Number PENDING DELIVERY TICKET on Allotment to United States Government Obligations DESCRIBED BELOW , 1929. Amount of subscription $ (par value) UNITED STATES OF AMERICA 4% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TD2-1929, DATED MARCH 15, 1929, DUE DECEMBER 15, 1929 Amount allotted $. Partial Deliveries Made as Follows: DATE AMOUNT BALANCE DISPOSITION
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