The Washington herald., 1921-04-11
TREASURY OFFERS
$I5,OOOyOOO NOTES
OF INDEBTEDNESS
New Federal Issue Dated
April Is Natures Oct.
Is, 1921.
BEAR 5K9O INTEREST
Bearer Certificates 10 Be Is
sued in $500, 81, 200, $1,000,
$4,000 and 100000. 80

The Secretary OF the Treasury.
under the authority of the act
approved September 24. 1915 as
amended, offers for subscription. at
par and accrued interest. through
the Federal Reserve banks, Treas
ury certificates of indebtedness.
series II 1921 dated and bcaIiRg
interest from April is, 1921, pay
able October Is, 1891, with semi
annual interest at the rate Of 5ls
per cent per snnum- :.
Applications will be received al /.
the Federal Reserve banks. 80
Bearer certificates will be issued
in denominations OF $500, $1,000,
5000, $4,000. and 100000. The.
certificates will have one interest
coupon attached payable october-lb.
1921. ...-
Certihestes Exempt.
The certificates OF said series
shall be exempt both as to priH-.
cipsl and interest, from all taxa
tion now or hereafter imposed by
the United States. any State. or any
OF the possessions OF the United
States. or by any local taxing, au-
thority, except IsD estate or inheri-
tsnce taxes, and (b) graduated ad-
ditional income taxes, commonly
known as surtsXes. and excess prof
its and war profits taxes. now or
hereafter imposed by the United
States, upon the income or profits
OF individuals, partnerships, sssoci-
ations. or corporations. The inter
est on an amount of bonds and
certificates authorized by said act
approved September 20. 1917. and.
appointments thereto. the principal
Of which does not exceed, in the sS-
gregate 5000. owned by any in
dividual, partnership. association
or corporation. shall be exempt from
the taxes provided for in clause
Cb) above
The certificates Of this series do
not bear the circulation privilege
and will not be accepted in pay
ment Of taxes.
sssseriptisn Rights
The right is reserved ITO reject
any subscription and TO allot less
than the amount OF certificates ap-
piled for and to close the sub
scriptions at any time without no.
tice. Payment at par and accrued
interest for certificates allotted
must be made on or before April
Is. 1891, or on later allotment.
After allotment and upon payment
Federal Reserve banks may issue
interim receipts pending delivery
of the defnitive certificates. Any
qualified depositary will be per-
mitted TO make payment by crcdh
for certificates allotted to IL for
itself and its customers up to any
amount for which IL shall be quail
ified in excess of existing deposits,
when so notified BY the Federal Re-
serve bank OF its district Treasury
certificates OF indebtedness OF
Series + 1921. maturing April Is.
1921. and Of Series ID 1891, mStur-
ing May Is. 1921 with any un-
matured interest coupons attached.
will be accepted at par, with an
adjustment OF accrued interest in
payment for any certificates OF
the Series II 1891 now offered
which shall be subscribed for and
allotted. &C..
As fiscal agents Of the United
States. Federal Reserve banks are
authorized and requested TO re-
ceive subscriptions and TO make al
lotment in full in the order Of the
receipt OF applications up to
amounts indicated by the Secretary
Of the Treasury to the Federal Re
serve banks of the respective dis
tricts.
The issue will be for sI5o.ooo.sOo
or thcreabouts.