Appendix A: Special Issues
Issues with Special Provisions
The following is a list of issues having special provisions and coded with ITYPE = 9. You may wish to consider these provisions before using the data from these issues.
|19330315.902000||Redeemable at option of holder at par plus accrued interest with 60 days notice. Principal and interest payable in United States gold coin.|
|19340415.904250||Issue created by early call of 19381015.904250. Similar numbers selected to be called for redemption on 19340415 were promulgated by the Treasury effectively creating a new issue which was quoted separately up to the call date.|
|19341015.904250||Issue created by early call of 19381015.904250. Similar to 19340415.904250.|
|19350415.904250||Issue related by early call of 19381015.904250. Similar to 19340415.904250.|
|19381015.904250||Principal and interest payable in United Sates gold coin.|
|19451015.903250||Accrued interest at the rate of 41/4% up to 19341015 and at 31/4% thereafter.|
|19590801.904000||Issue created from 19610801.904000 (see below).|
|19600215.904000||Issue created from 19620815.904000 (see below).|
|19610801.904000||Redeemable at the option of the holder at par and accrued interest on August 1, 1959. Notice of intent to redeem must be made by May 1, 1959 and certificates to be redeemed to be stamped. Once stamped, certificates mature on August 1, 1959 (not August 1, 1961 as issued). These stamped certificates were traded and quoted under the new CRSPID, even though no such security was actually issued by the treasury.|
|19620815.904000||Similar to 19610801.904000. Redeemable at option of holder on February 15, 1960, written notice and surrender required on or before November 16, 1959. Issue thus created was 19600215.904000.|
|99990401.902000||Consol bond, paid interest quarterly in perpetuity. Principal returned only if called. Issue actually called in 1935.|
These issues are also traded as normal notes and bonds and are quoted as such in the files.
Stripped Notes and Bonds
Stripped notes and bonds are issues, which have been broken into their component cash flows, each of which is then traded separately. This was originally done by various financial institutions who issued treasury backed securities (e.g., CATS, TIGERS etc.). A fully-constituted Treasury note of bond consists of a principal payment and semiannual interest payments. In 1985 the treasury began participating in this market by designating certain issues as eligible to be stripped. All 10 year notes and all bonds issued since November 15, 1984 have been made eligible for the STRIPS program either upon their original issue or after their first interest payment date. Issues so designated could be broken up and the individual cash flows registered separately. As of September 1999, all new Treasury marketable fixed-rate notes and bonds issued on and after September 30, 1997 are eligible for STRIPS. The Treasury itself did not sell the individual payments, this being done by dealers who first purchased eligible securities.
The following issues have been designated as eligible for stripping by the Treasury:
Foreign Targeted Securities
Foreign targeted issues are not included in the CRSP US Treasury Database. Certain recent notes have been issued in pairs with identical coupon rates, maturities and dated dates. One issue of the pair is intended for domestic holders and is normal in all respects. The other issue is intended for United States aliens. These “Foreign Targeted Securities” are exempt from certain federal taxes when held by eligible foreigners. They pay interest annually and may be converted into their domestic equivalent or sale to domestic holders. The converse is not true.
The following notes which are included are known to have Foreign Targeted equivalents: