Evening star., 1943-04-05
D. T.. War Loan Quota
Exclusive Of Banks,
Set al $4,000,
Finance Committee
Believes Second Drive
Will Yield $70,000,OO0
Star Staff Photo.

Investors other than commercial
banks in the District will have
quota of S42,00O,O0O in the Treas
ury's second war loan drive from
April II through May l, Hugh Leach,
president of the Richmond Federal
Reserve Bank and chairman of the
fifth Federal Reserve District War
Finance Committee, announced yes
terday.
Based on results in Washington
in the first war loan campaign. con-
Quoted last December, the local War
Finance Committee believes total
sales of second war loan securities
should be we'll in excess of
$4,000 900.
Sales in the first campaign to in
vestors other than commercial banks
amounted to $37.416,837. Washing
ton banks purchased nearly $27, ,70O,-
600 in Treasury bonds and certifl-
Gates and increased their holdings of
Treasury bills by more than s6,OO0,-
600, bringing total District sales to
approximately $71102,O0O.
Issues to Be Offered.
The issues to be offered during
the second drive are as follows:
l. TWenty-six year 81 per cent
bonds dated April Is, 1943, due June
Is, 1869, callable June Is. 1864. to
be issued in coupon or registered
form at the option of the buyers.
Commercial banks which are de-
fined for this purpose as banks ac-
ceptlng demand deposits. will not
be permitted to own these bonds
until April IS, 1858.
There will be no limit to the
amount of this issue and no restric-
ton upon the issuance excepting
the temporary exclusion of COM
mercial banks from ownership for
their own account. Subscription
books will be opened April II and
will remain open several weeks
The bonds will be sold in denomina-
tions from $500 to S1,0oO,OO0.
Securities for Banks.
2. Two per cent Treasury bonds
dated April Is, 1943. due September
IS, 1852. callable September Is, 1850.
This security will be available for
subscription by commercial banks
for their own account for the period
April %, % and 30. 1t will be avail
able for subscription by all other
classes of investors for the entire
period of the drive.
Sales to commercial banks will be
limited to 100000 or there
abouts. Applications from CONNER
clal banks in amounts up to 100000
will be allotted in full and larger
banks subscriptions on an equal
percentage basis. All applications
from other than commercial banks
will be allotted in full These bonds
will be in denominations of from
$500 to ST 100000 and will be issued
in coupon or registered form at the
option of the buyer.
On individual subscriptions of
$1,000 or less, no accrued interest
will be charged on the per cent or
21a per cent bonds during the period
of the drive, but accrued interest
from April Is will be collected on
all subscriptions in excess of that
amount entered after that date,
Bank Sales Limited.
3. A 7s per cent Certificate of In
debtedness dated April Is, 1943, due
April l, 1914 This security will
be available for subscription by
commercial banks for their own
account for the first three days of
the drive, namely, April IL, 13 and
ID, and will be available for sub
scription by all classes of investors
| during the entire period of the
| drive.
Sales to commercial banks will
be limited to $4,000, ,OO0, 900 or there
abouts. Applications from COM
mercial banks up to 100000 will
be allotted in full and larger bank
subscriptions on an equal percent
age basis, and all applications from
other than commercial banks will
be allotted in full. The certificates
will be in denominations of $1,000
! to S1,000,000 and will be issued in
coupon form only.
| 4. Tax savings notes of series C.
5. Series E War savings bonds.
6. United States savings bonds
series F and G.