The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-05-26
FIN A CIAL
TREASURY OFFERS
s2O0,OO0,OOO 3l-2%
CERTIFICATE issue
Flotation of Six Months
Duration, Dated From
June 1, 1922. .

Secretary OF the Treasury Mellon
Is today announcing an Offering of
approximately s200,00O,00O certih-
Gates bearing interest at the rate
of ga per cent. dated June l. 1922
and maturing on December Is. 1922.
The series are designated Series
TD2-1922. Applications will be re-
ceived at the Federal Reserve
Banks.
Bearer certificates will be issued
In denominations OF $500. $1,000.
$4,000. $4,000 and 100000. The
certificates will have one interest
coupon attached payable December
Is. 1922.
The certificates of this series
shall gbe exempt. both as to princl-
pal 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 OBJ graduated additional
income taxes. commonly known as
surtaXes. and excess profits and war
profits taxes, now or hereafter i'm
posed by the United States upon
the income or profits of individuals,
partnerships, associations or cor
rforations. The interest on an
amount of bonds and certificates
authorized by act approved Sep
sember -. 1917. and amendment
thereto. the principal Of which does
not exceed in the aggregate $4,000,
owned by any individual, partner
ship. association or corporation.
shall be exempt from the taxes pro-
vided for in clause OBJ above.
The certificates of this series will
be accepted at par, with an adjust
ment Of accrued interest. 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 ma
turity Of the certificates. The GER
tificates do not bear the circulation
privilege.
The right is reserved to reject
any subscription and to allOt less
than the amount of certificates ap-
piled for and to close the subscrip-
tons at any time without notice.
Payment at par and accrued in
terest for certificates must be made
on or before June /, 1922. or on
AdNcE apartment AlleT dllONHlcnl
and upon payment Federal Reserve
Banks may issue interim receipts
pending delivery of the defnitive
certificates. Any qualified deposit
airy will be permitted to make pay
ment by credit for certificates al
lotted to it for itself and its GUS
toners up to any amount for which
it shall be qualified in excess of
,U-ha nnffAAd
BY the Federal Reserve Bank of its
district. Treasury certificates OF
Indebtedness of Series TJ-1922 and
Series TJ2-1s22. both maturing June
10. 1922. with any unmatured in
terest coupons attached, and Vic
tory notes of the 3Si per cent series
(which have been called for re-
demptiOn on June Is. 1920, will be
accepted at par. with an adjust
ment of accrued interest. In pay
ment for any certificates of the
Series TD2-I922 now offered which
shall be subscribed for and allotted.
Victory notes OF the 324 per cent
series in coupon form must have
al unmatured coupons attached.
auI if in registered form must BE-
duly assigned to the Secretary of
the Treasury for redemption. in ac-
rs.rdance with the general regula-
items Of the Treasury Department
governing assignments.
As fiscal agents of the United
states. Federal Reserve Banks are
authorized and requested to receive
~I:H~rripuOns and to make allot-
y ats on the basis and up to the
amounts indicated by the Secre-
TRY OF tho Treasury to the Fed
.ruI Reserve Banks OF the respec-
tive districts.