The New York herald., 1922-12-11
BILLION DOLLAR DAY
IN TREASURY FRIDAY
U. S. Will Pay on Victory
Notes, Certificates and
Public Debt.
HOLDERS GET WARNING
Federal Reserve District Here
Ready to Redeem $780,
100000 Holdings.

WASHINGTON. Dec. 10.-Friday will
be billion dollar day at the Treasury.
when the Nations finance department
will disburse in cash or securities $780,
100000 to holders of victory notes called
for redemption 5000 900 900 to holders Of
maturing Treasury certificates Of In
debtness and 100000. 900 in interest on
the public debt
The Victory notes called, on which in
terest will cease December Is. bear the
distinguishing letters A. Is. c.. d. e and
F before the serial numbers.
In connection with payments the
Treasury is offering s3Oc 00o,o 900 OF ~
per cent notes maturing in two and half
years. and an issue OF s400000.000 of
Treasury certificates. one series nnatur-
ing in three months. bearing 31a per
cent. interest and the other bearing
per cent interest andvmaturing in
year. Holders of Victory notes called
for redemption or Of certificates ma
turing Friday may exchange them for
the new notes and certificates. or may
purchase outstanding Liberty or Theas-
ury bonds, or other Treasury notes, at
prevailing market prices
Friday also will see TIE last quarterly.
payment of income and profits taxes
this year, and Secretary Mellon esti-
mates the payment will be around $275,-
0O0 000 The Treasury has about an
equal amount in the general fund and
this. with the tax receipts and the funds
derived from the sale Of the notes and
new certificates of indebtness, will be
available to meet the $1,000 900. 900 outgo
and leave something to help pay off
the war savings certificates issued In
1918 and maturing January l.
Holders of about $3.50, 900 of Vic
tory notes in the New York Federal
Reserve district, Of the $1,000, 100000
of Government obligations. failing due
next Friday. have not yet presented
them for redemption or exchange for
other forms Of Government obligations.
the Federal Reserve bank announced
Yesterday The bank made the following
suggestions:
l.. Examine the Victory notes In your
possession to- see IL they bear the dis
tinguishing letters A, b. G, ID, r, or +.
These have been called for redemption
on December Is and interest will cease
on that date.
Send them at once to your bank.
which will handle the redemption for
you. Or, II you prefer Senu lDeifl ulrect
to the Federal Reserve, Bank of New
York.
81 Coupon notes should have the May
30, 1923, coupons attached. The Decem-
Der Is, 1922. coupons should be detached
and collected as usual.
4. If your notes are registered-that
Is, IL you have been receiving interest
checks each six months direct from tho
Treasury--special Treasury regulations
apply, which you may learn from your
bank or from the Federal Reserve Bank.
g, If your Victory notes bear the dis,
tinguishing letters G, II, !, j. X or, l.
they Will mature on May 90 1928. III
you desire you may present them now
for immediate payment in full with In
terest up to the date Of presentation.
6. The Victory notes maturing on De-
cember Is may be exchanged for any Of
the new Government obligations now be-
ing offered if redeemed. the money may
be reinvested in Liberty Loan bonds or
other outstanding Treasury obligations,
As to this, you should consult your
bank.
The Federal Reserve Bank of New
York has established telephone service
for the information OF all holders of
Victory notes. They should call Rector
500 and ask for extension No. 174 oil
No. 277.