National Circulation Notes Issue
U.S. Treasury In Out Bond Par Value (face value) $100 3 % Interest payable $ 3 Gold Received Market Value $ 95 Circulating Notes $ 85 Total $ 95 $188
Banker In Out Bond Par Value $100 3% Interest Receivable $ 3 Gold paid Market Value $ 95 Circulating Notes 90% of Market Value $ 85_______ Total $188 $ 95 |
National Circulation Notes Amend to Par
U.S. Treasury Redeem In Out for Gold Bond Par Value (face value) $100 3 % Interest payable $ 3 Gold Received Market Value $ 95 $ 95 Circulating Notes $100 -$100 Total $ 95 $203 (-$ 5)
Banker In Out Bond Par Value $100 3% Interest Receivable $ 3 Gold paid Market Value $ 95 Circulating Notes Par Value $100______ Total $203 $ 95 |
