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:

19941115.211620 20000815.208750 20050815.206500 20200815.108750
19950215.211250 20001115.205750 20051115.205870 20210215.107870
19950515.211250 20001115.208500 20060215.109370 20210515.108120
19950815.210500 20010215.207750 20060515.206870 20210815.108120
19951115.209500 20010515.208000 20060715.207000 20211115.108000
19960215.208870 20010815.207870 20061015.206500 20220815.107250
19960515.207370 20011115.207500 20060215.205620 20221115.107620
19961115.207250 20011115.208500 20070215.206250 20230215.107120
19970515.208500 20020515.207500 20070515.206620 20230815.106250
19970815.208620 20020815.206370 20070815.206120 20241115.107500
19971115.208870 20020930.205870 20141115.511750 20250215.107620
19980215.208120 20021031.205750 20150215.111250 20250815.106870
19980515.209000 20021130.205750 20150815.110620 20260215.106000
19980815.209250 20021231.205620 20151115.109870 20260815.106750
19981115.208870 20030215.206250 20160215.109250 20261115.106500
19990215.208870 20030815.205750 20160515.107250 20270215.106620
19990515.209120 20040215.205870 20161115.107500 20270815.106370
19990815.208000 20040515.207250 20170515.108750 20271115.106120
19990930.205750 20040815.207250 20170815.108870 20280815.105500
19991031.205620 20041115.111620 20180515.109120 20281115.105250
19991115.207870 20041115.207870 20181115.109000 20290215.105250
19991130.205620 20050215.207500 20190215.108870 20290815.106120
19991231.205620 20050515.112000 20190815.108120  
20000215.208500 20050515.206500 20200215.108500  
20000515.208870 20050815.110750 20200515.108750  

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:

19880930.211370 dated 19841031
19900215.211000 dated 19841203
19900815.209870 dated 19850604
19960215.208870 dated 19860215