The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-09-27
new issue Saving
CERTIFICATE SOON

The treasury announces that, effect
i've October 1, 1922, the issue of prices
of Treasury Savings Certificates well
increase to $20.50 for the $25 certifi-
cate, $82 for the 800 certificate, and
$500 for the 81 1000 certificate. At
the new prices, Treasury Savings
Certificates will yield about a per
cent, compounded semi-annuaHy, if
held to maturity, and about 3 per cent
simple interest if redeemed before ma
turiny.. The new certificates will be
dated September 80, 1922, in order to
distinguish them from the certificates
nov on sale, which are dated Deem
Der Is, 1921. The current issue OF
certificates which is being sold at $40
for a $25 certificate, $50 for a 500
certificate, and $500 for a $1,000 GER
tificate, will continue on sale until
the close Of business September 80,
1922, and will then be withdrawn
from sale in favor Of the new certif-
icates.
Treasury savings stamps, non-in-
terest bearing, which are now on sale
in the denomination of 81, will like
wise be withdrawn from sale at the
close of business September 80, 1922.
The current issue of Treasury Saw
ings Certificates was first placed on
sale December 10, 9121, and since that
date certificates up to about $115,-
100000 (maturity value) have been
sold. Sales have been running at the
rate of about SIS, 900 900, maturity
value, per month, and there is every
evidence that the certificates have
proven increasingly attractive to in
vestors. With sales satisfactorily
established on a going basis and with
the Improvement that has taken place
in the investments markets, the time
has come to readjust the interest ba.
sis on which the certificates are sold
and the treasury has accordingly de-
cided to make the increase in price
which is now announced. At the new
prices the certificates should continue
TO be highly attractive to investors
particularly small investors who de-
sire to saw Systematically, and the
treasury looks forward with conf
dence to the continued cooperation O.
all helpful agencies in promoting thei.
sale.
Apart from the change in price tn,
new certificates will correspond in al
essential respects to the certificate
1 r,O-xr On -o1n En,A oo~~AsEso,A -
lures five years from date of it's is
sue, bat may be redeemed at the op
tion of the holder at any time afte
issue, at the value indicated on til
| back of the certificate. The certifi
4 Gates are issued only in registere
form, in order to afford. protectio
against loss and theft, and are e.
empt from the normal federal incom
0 tax and from all state and local tar
: alton Except estate OF inheritanC
1axes).
The aggregate amount of TreasuT
0 Savings Certificates of any one Sc.
0 les that may be held by any one pc
son at any ore time is limited to SIS
600 maturity value, and for this pu
pose the certificates issued with
any one calendar year, whatever Il
issue or the issue price, constitu
one series.
10 Treasury Savings Certificates of {
denominations may be purchased
postoffices throughout the countr
at banks and at other agencies,
- from the federal reserve banks al
= branches, and mail applications a
N dressed direct to the Treasurer of t
United States, Washington, D. c., W
50 receive prompt attention.