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 No. 996] [ Circular September 8, 1930 J $325,000,000 (or thereabouts) September 15th Offering of 2% Per Cent Treasury Certificates of Indebtedness Subscription Books Open September 8 To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers and Principal Corporations in the Second Federal Reserve District and Others Concerned: 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 twelve month 2% per cent Treasury certificates of indebtedness Series TS-1931, dated and bearing interest from September 15, 1930, and maturing September 15, 1931. The amount of the offering is $325,000,000 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 TS-1930 and Treasury bills dated July 14, 1930, both maturing September 15, 1930, but such subscriptions will not be given preferred allotment. 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, 1931, and September 15, 1931. These certificates will be exempt, both as to principal and interest, from all taxation, except estate and inheritance taxes. About $350,000,000 of Treasury certificates of indebtedness, about $51,000,000 in Treasury bills, and about $35,000,000 in interest payments on the public debt become due and payable on September 15, 1930. The subscription books for this offering are now open and applications will be received by this bank as fiscal agent of the United States. All subscriptions will be received subject to later allotment. The terms of the offering are given in full on the following pages. GEORGE L. HARBISON, Governor. New Certificate Issue Circular No. 996 Federal Reserve Bank of New York Fiscal Agent of the United States Offering of United States of America Two and Three-Eighths Per Cent Treasury Certificates of Indebtedness SERIES TS-1931 Dated and Bearing Interest from September 15, 1930 Due September 15, 1931 To all Banks, Trust Companies, Savings Banks, Bankers, Investment Dealers and Principal Corporations in the Second Federal Reserve District and Others Concerned: 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 TS-1931, dated and bearing interest from September 15, 1930, payable September 15, 1931, with interest at the rate of two and three-eighths 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 and September 15, 1931. The certificates of said series shall be exempt, both as to principal and interest, from all taxation (except estate and inheritance taxes) 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. 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 September 15, 1930, 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 FEDERAL RESERVE BANK OF NEW YORK GOVERNMENT BOND AND SAFEKEEPING DEPARTMENT No. Not Negotiable Receipt is acknowledged of $ Par Value 3Vs% Treasury Certificates Series TS-1930 • Treasury Bills Due September 15, 1930 • Tendered in payment for 2 % % Treasury Certificates Series TS-1931 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 Origincd FEDERAL RESERVE BANK OP NEW YORK Lot Number Application Number E NOTICE OF ALLOTMENT on Subscription to United States Government obligations described below for which Treasury certificates and/or Treasury bills, both maturing September 15, 1930, are tendered in payment ,1930. Referring to your subscription to $ (P&r value) UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931 DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 you have been allotted $. IMPORTANT To obtain delivery of the securities, the original of this notice properly filled out and signed in die 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 ISSUE SECURITIES IN THE FOLLOWING DENOMINATIONS Pieces Denominations to Federal Reserve Bank of New York 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: Subscriber Street address By surrender of maturing securities as follows: zy»% Treasury certificates, Series TS-1930 - Town State Treasury Bills, maturing September 15, 1930 DO NOT USE THESE SPACES Taken from Vault Counted Delivery Receipt Paid Stamp Released Received from FEDERAL RESERVE BANK or N E W YORK the above described United States Government obligations allotted in the amount indicated above. Amount- Checked Delivered Subscriber. By- NA-Exchange Date. By. Duplicate FEDERAL RESERVE BANK or NEW YORK Lot Number Application Number E NOTICE OF ALLOTMENT on Subscription to United States Government obligations described below for which Treasury certificates and/or Treasury bills, both maturing September 15, 1930, are tendered in payment .,1930. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931 DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 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 most 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, Fiscal Agent of the United States. Checked by Instructions to Federal Reserve Bank of New York LEAVE BLANK FOLLOWING DENOMINATIONS Pieces Denominations 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 Total Special Instructions * The method of payment is indicated below: Subscriber By surrender of maturing securities as follows: 3%% Treasury certificates. Series TS-1930 Street address - - - - $ State Town Treasury Bills, maturing September 15, 1930 - - - $ DO NOT USE THESE 8PACE8 Received from FEDERAL RESERVE BANK OF N E W YORK the above described Taken from Vault Counted Delivery Receipt Paid Stamp Beleased United States Government obligations allotted in the amount indicated above. AmountSubscriber. Checked Delivered NA-Exchange By- Date. By. Triplicate FEDERAL RESERVE BANK OF NEW YORK Lot Number Application Number E PENDING DELIVERY TICKET on Allotment to United States Government obligations described below for which Treasury certificates and/or Treasury bills, both maturing September 15, 1930, are tendered inpayment .,1930. Amount of subscription $ (par value) UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931 DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 . Amount allotted $. Partial Deliveries Made as Follows: DATE AMOUNT BALANCE DISPOSITION Original FEDERAL RESERVE BANK OF NEW YORK Lot Number Application Number NOTICE OF ALLOTMENT on Cash Subscription to United States Government Obligations DESCRIBED BELOW ,, 1930. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931 DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 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 ISSUE SECURITIES IN THE FOLLOWING DENOMINATIONS Pieces Denominations to Federal Reserve Bank of New LEAVE BLANK Par Amount York 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 i Total The method of payment is indicated below: B y debit t o our reserve account B y check - - - - - - - - - - - - - - - - $ . - - - - - - - - $ Subscriber Street address. . State Town B y credit t o W a r Loan Deposit Account a s indicated below. 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 , 1930 (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 of the United States. DO NOT USE THESE SPACES http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Released Paid Stamp Delivery Receipt 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 ,, 1930. Referring to your subscription to $ (par value) UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931 DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 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 Ship Definitive Securities 10,000 100,000 Special Instructions Total The method of payment is indicated below: By debit to our reserve account By check- _ - - - - - - $ - - - - - - - - % Subscriber _ Street address — Town State By credit to War Loan Deposit Account as indicated below. 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 , 1930 (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 Beserve Bank of New York as fiscal agent of the United States. DO NOT USE THESE SPACES http://fraser.stlouisfed.org/ Released Federal Reserve Bank of St. Louis Paid Stamp Delivery Receipt Triplicate FEDERAL RESERVE BANK OF NEW YORK Lot Number PENDING DELIVERY TICKET Application Number c Allotment to United States Government Obligations DESCRIBED BELOW .,1930. Amount of subscription $ (par value) UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931 DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 Amount allotted $. Partial Deliveries Made as Follows: DATE AMOUNT BALANCE DISPOSITION A.-U1. This Form Should Be Used When Treasury Certificates and/or Treasury Bills Maturing September 15, 1930, Are Tendered in Payment for Treasury Certificates Allotted on Subscriptions Lot Number Application Number E For 2% Per Cent Treasury Certificates of Indebtedness, Series TS-1931 Dated September 15, 1930 Due September 15, 1931 NOTICE TO SUBSCRIBERS: A separate similar form should be used for each subscription by a bank for account of each customer payment for which is to be made, upon allotment, by Treasury certificates and/or Treasury bills both maturing September 15, 1930. If payment is to be made by Treasury certificates and/or Treasury bills both maturing September 15, 1930, now held by the Federal Reserve Bank of New York instructions should be given accordingly. Subscriptions for which Treasury certificates and Treasury bills, both maturing September 15, 1930, are tendered in payment will not be given preferred allotment and will be treated in the samel manner as cash subscriptions. All subscriptions will be received subject to later allotment. .1930 FEDEBAL RESERVE BANK OF 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 subscription at par and accrued interest for $ (par value) United States of America Treasury certificates of indebtedness as above described. In payment for any securities allotted on this subscription we will deliver to you on or before the date of the issue maturing Treasury certificates and/or maturing Treasury bills, as indicated below: Treasury Certificates, Series TS-1930 G Treasury Bills maturing September 15, 1930 • U^"* 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 Allotment Received Ledger Journal Carded figured Checked Checked Recorded Advised Acknowledged Disposition Security Exchanged Window Amount Safekeeping Date Released Mail By Other Departments J-L CASH SUBSCRIPTION Lot Number Application Number IB To United States Government Obligations Described Below Dated at .1930 Interest decimal on coupon payable March 15, 1981, (181 day period) one day's interest on $1000. is $.065607735 Interest decimal on coupon payable September 15, 1931, (184 day period) one day's interest on $1000. is $.064538043 FEDERAL RESERVE BAN* OF 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 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931, DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931 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« Write No Subscriber . . . Street address. Town State THIS SPACE IS FOE THE USE OF THE FEDEEAL EESEEVE BANK OF NEW YOBK CARD CLASSIFIED ACKNOWLEDGED Figured Checked Advised Allotment DISPOSITION Payment Released S Date % — — By Cash — — — By Check Check No. Drawn on rc-L Lot Number Cash Subscription by Bank or Trust Company Application Number To United States Government Obligations Described Below Dated at. .1930 Interest decimal on coupon payable March 15, 19S1, (181 day period) one day's interest on $1000. is $.065607735 Interest decimal on coupon payable September 15, 1981, (184 day period) one day's interest on $1000. is $.064538043 FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the terms stated in the current offering of the Secretary of the Treasury please enter subscription as follows at par and accrued interest for UNITED STATES OF AMERICA 2% PER CENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES TS-1931, DATED SEPTEMBER 15, 1930, DUE SEPTEMBER 15, 1931. For our own account (not classified below) For our customers (classified below) Total Subscription CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS (For example: Class A —10 at $1,000) CLASS C CLASS B Subscriptions of $1,100 to $10,000 inclusive Subscriptions of $10,100 to $50,000 Inclusive Number cf Amount Amount Number of Leave Blank of Each Leave Blank Subscript's of Each Subscript's CLASS A Subscriptions of $1,000 and under Amount lmber of Leave Blank of Each bscript's CLASS D Subscriptions of $50,100 to $100,000 Inc. Number of Amount Subscript's of Each Leave Blank 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 at Suh'a nf Sinn inn t n Number of Subscript's at *w> nnn ln/<lniivi> Amount of Each at at at at Leave Blank CLASS F Sub's of $"^n ion *n «i r\nn nnn TT,,,I,,„;.,« Number of Amount Subscript's of Each Leave Blank CLASS G Number of Subscript's Amount of Each at at at at Leave Blank 1 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: B y B y d e b i t c h e c k t oo u r - r e s e r v e - - a c c o u n t - - - - - ^Q SUBSCRIBER: http://fraser.stlouisfed.org/ (X) in Bank properof space Federal Reserve St. Louis - - - - - - - - - - - - - By credit to War Loan Deposit Account • U y Before signing fill in all required spaces. Bank or Trust Company. 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 TS-1930 and Treasury bills dated July 14, 1930, both maturing September 15, 1930, will be accepted, at par in the case of the certificates and at maturity value in the case of the Treasury bills, 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, September 8, 1930. ^ S _
@FedFRASER