OCR Text |
Show ANOTHER GOOD INVESTMENT. Treasury Certificates of Indebtedness ' Now Being Offered Loyal Americans. San Francisco. In anticipation ol the Fourth Liberty Loan, which will probably .come in October. United Sttites treasury certificates of indebtedness indebted-ness are-now being offered throughout the country. During the intervals lie-tween lie-tween sales of bonds the government finances its war operations by the sale of these certificates, which provide a steady flow of funds from the banks into the federal treasury. These offerings, in blocks of $7."0,-000.000. $7."0,-000.000. with varying dates anil maturities, ma-turities, will be continued every two weeks until the latter part of October. The quota of the twelfth federal reserve re-serve district (comprising the .states of Arizona. California. Idaho, Nevada, Oregon. Ore-gon. Utah and Washington) is 53.0110,-000, 53.0110,-000, for each issue. The government lias allotted certificates to every bank in an amount ecpial to two and one-half per cent of its gross resources, which it may purchase for its own account and resale to individuals. Certificates may be purchased by the public through banks. ...e certificates bear interest at the rate of four and one-half per cent per annum. The certificates are offered, lit par and accrued interest, in denominations denomina-tions of !Ci00. .ft.000. $5,000. ?10.W. and $100,000, and will be paid at maturity ma-turity in cash or may be exchanged for Liberty bonds of the fourth issue. |