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A. E. PALEN

ONAL.

FEDERAL
VOLUME I

REGISTER
934
O a h t EO

NUMBER 127

Washington, Wednesday, September 9, 1936
TREASURY DEPARTMENT.

$5,000, owned by any individual, partnership, association, or corporation, shall be exempt from the taxes provided for in clause b above.
3. The bonds w ill be acceptable to secure deposits of pub U n it e d S tates o f A merica 2% P ercent T reasury B onds of lic moneys, but w ill not bear the circulation privilege and w ill 1956-59
not be entitled to any privilege o f conversion.
Dated and bearing interest from September 15. 1936; due 4. Bearer bonds with interest coupons attached, and bonds September 15, 1959
registered as to principal and interest, w ill be issued in de REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND nominations o f $50, $100, $500, $1,000, $5,000, $10,000, and ACCRUED INTEREST ON AND AFTER SEPTEMBER 15, 1956
$100,000. Provision w ill be made fo r the interchange of bonds o f different denominations and o f coupon and regis Interest payable March 15 and September 15
tered bonds, and fo r the transfer o f registered bonds, under 1936 Department Circular No. 567
rules and regulations prescribed by the Secretary o f the Treasury.
S eptember 8, 1936.
5. The bonds w ill be subject to the general regulations of I. O ffering o f Bonds the Treasury Department, now or hereafter prescribed, gov 1.
The Secretary o f the Treasury, pursuant to the authorerning United States bonds.
ity of the Second Liberty Bond Act, approved September I I I . Subscription and A llotm ent 24, 1917, as amended, invites subscriptions, at par and ac crued interest, from the people of the United States fo r 1. Subscriptions w ill be received at the Federal Reserve 2% percent bonds of the Unted States, designated Treasury banks and branches and at the Treasury Department, W ash Bonds of 1956-59. The amount of the offering is $400,000,- ington. Banking institutions generally m ay submit subscrip <000, or thereabouts, with the right reserved to the Secretary tions fo r account o f customers, but only the Federal Reserve of the Treasury to increase the offering by an amount suffi banks and the Treasury Department are authorized to act cient to accept all subscriptions fo r which Treasury Notes of as official agencies. Others than banking institutions w ill Series D-1936, maturing September 15, 1936, are tendered in not be perm itted to enter subscriptions except fo r their own payment and accepted.
account. Cash subscriptions from banks and trust companies fo r their own account w ill be received without deposit but II. D escription o f Bonds
w ill be restricted in each case to an amount not exceeding 1. The bonds w ill be dated September 15, 1936, and w ill one-half of the combined capital and surplus of the sub bear interest from that date at the rate of 2% percent per scribing bank or trust company. Cash subscriptions from all annum, payable semiannually on March 15 and September others must be accompanied, if fo r $5,000 or less by payment 15 in each year until the principal amount becomes payable. in fu ll; and, if fo r more than $5,000, by payment of 10 percent They w ill mature September 15, 1959, but may be redeemed of the amount o f bonds applied for, but not less than $5,000.
at the option of the United States on and after September The Secretary o f the Treasury reserves the right to close the 15, 1956, in whole or in part, at par and accrued interest, on books as to any or all subscriptions or classes of subscriptions any interest day or days on 4 months notice o f redemption at any tim e without notice.
given in such manner as the Secretary o f the Treasury shall 2. The Secretary of the Treasury reserves the right to prescribe. In case of partial redemption the bonds to be reject any subscription, in whole or in part, to allot less than redeemed w ill be determined by such method as may be the amount of bonds applied for, to make allotments in fu ll prescribed by the Secretary of the Treasury. Prom the date upon applications fo r sm aller amounts and to make reduced of redemption designated in any such notice, interest on allotments upon, or to reject, applications fo r larger amounts, the bonds called fo r redemption shall cease.
or to adopt any or all of said methods or such other meth 2. The bonds shall be exempt, both as to principal and ods of allotm ent and classification of allotm ents as shall be interest, from all taxation now or hereafter imposed by the deemed by him to be in the public interest; and his action United States, any State, or any o f the possessions o f the in any or all of these respects shall be final. Subject to United States, or by any local taxing authority, except a these reservations, cash subscriptions fo r amounts up to and estate or inheritance taxes, or g ift taxes, and b graduated including $5,000 w ill be given preferred allotm ent; cash additional income taxes, commonly known as surtaxes, and subscriptions fo r amounts over $5,000 w ill be allotted on an excess-profits and w ar-profits taxes, now or hereafter im equal percentage basis, but not less than the m ax im u m posed by the United States, upon the income or profits of preferred allotm ent; and subscriptions in payment of which individuals, partnerships, associations, or corporations. The Treasury Notes of Series D-1936 are tendered w ill be allotted interest on an amount of bonds authorized by the Second in fu ll. Allotm ent notices w ill be sent out prom ptly upon
Liberty Bond Act, approved September 24, 1917, as amended, allotm ent, and the basis of the allotm ent w ill be publicly the principal o f which does not exceed in the aggregate announced.
Public Debt Service.

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