26 WAR BORROWING
table, the essential features of the thirty-one formal
issues are summarized:
Interest Date of Nominal
Series 4 Date of Issue Rate Maturity Amount
[I]
Mar.
3i,
1917
2
June
29,
1917
$50,000,000
[2]
Apr.
25,
1917
3
June
30,
1917
268,205,000
[3l
May
10,
1917
3
July
17,
1917
200,000,000
[ 4l
May
25,
1917
354
July
30,
1917
200,000,000
Is]
June
8,
1917
314
July
30,
1917
200,000,000
16]
Aug.
9,
1917
354
Nov.
IS,
1917
300,000,000
17]
Aug.
28,
1917
354
Nov.
30,
1917
250,000,000
[81
Sept.
17,
1917
3/2
Dec.
IS,
1917
300,000,000
[9l
Sept.
26,
1917
4
Dec.
is.
1917
400,000,000
[10]
Oct.
18,
1917
4
Nov.
22,
1917
385,197,000
[n]
Oct.
24.
1917
4
Dec.
IS,
1917
685,296,000
[12]
Nov.
30,
1917
4
June
25,
1918
691,872,000
[13]
Jan.
2,
1918
4
June
25,
1918
491,822,500
[14I
Jan.
22,
1918
4
Apr.
22,
1918
400,000,000
[iSl
Feb.
8,
1918
4
May
9,
1918
500,000,000
[16I
Feb.
IS,
1918
4
June
25,
1918
74,100,000
fi7]
Feb.
27,
1918
4/4
May
28,
1918
500,000,000
[i8]
Mar.
IS,
1918
4
June
25,
1918
110,962,000
[19I
Mar.
20,
1918
454
June
18,
1918
543,032,500
[20]
Apr.
10,
1918
4/4
July
9,
1918
551,226,500
[2l]
Apr.
IS,
1918
4 ,
June
25,
1918
71,880,000
[22]
Apr.
22,
1918
4/4
July
18,
1918
517,826,500
[23l
May
IS,
1918
4
June
25,
1918
183,767,000
[24]
June
2S,
1918
454
Oct.
24,
1918
839,646,500
[25]
July
9,
1918
454
Nov.
7,
1918
7.59,938,000
[26]
July
23,
1918
454
Nov.
21,
1918
584,730,500
[27]
Aug.
6,
1918
414
Dec.
S,
1918
575,706,500
[28]
Aug.
20,
1918
4
July
IS,
1919
157,552,500
[29l
Sept.
3,
1918
4?4
Jan.
2,
1919
639,493,000
[30]
Sept.
17,
1918
4/4
Jan.
16,
1919
625,216,500
[31]
Oct.
1,
1918
4/4
Jan.
30,
1919
641,069,000
4 The bracketed numerals are used merely to distinguish the
issues in the present study. As a matter of fact “ Only a few
of the issues had serial letters and numbers printed on the certificates,
the other issues being without any serial designation.”
The certificates in anticipation of the Fourth Liberty Loan
have been designated by the Treasury as Series IV, and the
successive issues distinguished by serial letters.
5 Up to the close of the issue on November 6, 1918.
