The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-12-12
TREASURY OFFERS
new $3.50, 600, 600
CERTIFICATE ISSUE
Run 6 Months and One
Year, Bearing Az and
4R%c Interest.
DATED DECEMBER Is
Bearer Certificates of $500,
$1,000, $1,000. $4,000 and
100000 TO Be Issued.
DATED DECEMBER Is

Secretary of the Treasury Mellon
offers for subscription at par and
accrued interest. through the Fed
eral Reserve Ranks. Treasury Ger
tificates on Indebtedness aggregat-
Ing s25O.OO0.O0O. OF Whereabouts, in
two series. both dated and bearing
interest from December Is, 1921.
the first. or six months issue. with
interest at the rate Oft ~ per cent
per annum semi -annually, and the
second. running one year. bearing
interest at the rate OF AZ per cent
per annum. payable semi-annually
Applications will be received at the
Federal Reserve banks.
DENOMINATIONS of Issue.
Bearer certificates will be issued
in denominations Of $500 81. 900
$4,000. $4,000 and $1,000 The GER
tifiCates of Series r J2-1922 will
have one interest coupon attached
payable June Is, 1922, and the GER
tifcates Of Series T D-1922 two in
terest coupons attached. payable
June Is, 1922. and December 10
1922.
The certificates Of said series
shall be EXEMPT both as to princi-
pal and interest, from all taxation
now or hereafter imposed by the
United tates. any State or any OF
the possessions of the United
states or by any local taxing au-
thority, except Ca estate or inner
itance taxes and % graduated
additional income taxes commons
known as surtaNes. and excess
profits and war profits taxes now
or hereafter imposed by the United
states upon the income or profits
Of individuals. partnerships. associa =
tons or corporations. The interest
on an amount of bonds and certif-
Gates authorized by said act ap-
proved September "a 1917. and
amendments thereto. the principal
of which does not exceed in the ag-
gregate $4,000. owned by any indi-
vidual. partnership, association or
corporation, shall be exempt from
the taxes provided for in clause
OBJ above.
Accepted at Par.
The certificates OF these series
will be accepted at par. with an
adjustment OF accrued interest
during such time and under such
rules and regulations as shall be
prescribed or approved by the Sec
rotary Of the Treasury, in payment
Of income and profits taxes. paya-
BILE at the maturity of the certif-
Gates. The certificates of these Sc
ries do 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. Payment at par and ac-
crued interest for certificates al
lotted must be made on or before
December 10. 1921, or on later al
lotment. After allotment and upon
payment Federal Reserve banks
may issue interim receipts pending
delivery of the definite certificates.
Any qualified depository will be
permitted to make payment by
credit for certificates allotted to il
for itself and its customers IN to
any amount for which ii shall be
qualified in excess of existing de-
posits, when 50 notified by the Fed
eral Reserve Bank of its district.
Treasury certificates of indebted
ness of Series T D-1921. maturing
at par. with an adjustment of &C
crued interest. in payment for any
certificates of the Series T J2-1922
or T D-1922 now offered which
shall be subscribed for and allotted.