Full text of Federal Reserve Bank of New York Circulars : 60a. Supplemental Information Relating to Applications to Sell U.S. Bonds

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CIRCULAR NO. 6O-A.

FEDERAL RESERVE BANK
OF N E W YORK
N E W YORK, January 17,

1917.

SUPPLEMENTAL INFORMATION RELATING TO APPLICATIONS
TO SELL U. S. BONDS.
To THE CASHIER,
SIR:

Referring to our Circular No. 60, dated January 11, 1917, relating to applications to sell
United States bonds, we are advised that applications will be received by the Treasurer of the
United States only in accordance with regulations which contain the following requirements:
1st. The application must be made to the Treasurer of the United States
upon Treasury Department Form No. 5628, "Application of national
bank for sale of United States bonds and retirement of circulation
secured thereby."
2nd. The application must be accompanied by a certified copy of a resolution of the board of directors of your bank authorizing the application
and further authorizing the Treasurer of the United States to assign
the bonds for delivery to the Secretary of the Treasury, such certified
copy to be upon Treasury Department Form No. 5635-a, "Resolution
of national bank authorizing application for sale of United States
bonds and retirement of circulation secured thereby."
3rd. The application must also be accompanied by the receipt or receipts
of the Treasurer of the United States for such bonds held in trust
for your bank.
Copies of the two forms required are enclosed herewith and we would request that in
making application you use these forms instead of the original form of application enclosed with
our Circular No. 60, which should not be used.

However, we will thank you to fill in and for-

ward to us the duplicate of that form in order that we may be advised of your application, as
requested in our Circular No. 60.




Respectfully,
R. H. TREMAN,

Deputy Governor.

TREASURY DEPARTMENT,
TREASURER UNITED STATES.

F o r m 5628.

APPLICATION OF NATIONAL BANK FOR SALE OF UNITED STATES BONDS AND RETIREMENT OF
CIRCULATION SECURED THEREBY.

(Title of bank.)
(Address.)
(Date.)

To

the

TREASURER OF THE UNITED STATES,

Washington, D. C.
SIR:

Pursuant to authority granted by resolution of the Board of Directors of the
National Bank of

on

, 191

, a certified copy

of which is attached, and as authorized by section 18 of the Federal Reserve Act, application is hereby
submitted for the sale for account of the bank of United States registered bonds held in trust with the
Treasurer of the United States and securing circulation, as follows:
$
$
S

or any portion thereof.

The proceeds of the aforesaid bonds when sold are to be applied by you to the

retirement of the circulation based upon said bonds in accordance with the provisions of said Federal
Reserve Act.
The Treasurer's receipts for such United States bonds held in trust to secure such circulation are
transmitted herewith.
Respectfully,

(SEAL OF BANK.)




2—3153

(Title.)

CO*
TREASURY DEPARTMENT,
TREASURER UNITED STATES.

F o r m 5635a.

RESOLUTION OF NATIONAL BANK AUTHORIZING APPLICATION FOR SALE OF U N I T E D STATES
BONDS AND R E T I R E M E N T OF CIRCULATION SECURED THEREBY.

(Title of bank.)
(Address.)
(Date.)

At a meeting of the Board of Directors of the

Bank of

, held at their banking house

, 191

, a quorum

being present, the following resolution was adopted:
"Resolved, That
(Name.)

the

, be and is hereby authorized to apply to the Treasurer of
(Title.)

the United States for the sale at par and accrued interest of United States registered bonds now held
in trust with the Treasurer of the United States as security for circulating notes, and for the retirement
of the circulating notes secured thereby, the bonds being as follows:
Loan of

$

Loan of

S

Loan of
or any portion thereof.

$

" Resolved, further, That the Treasurer of the United States, upon notice from the Federal Reserve
Board of the allotment to a Federal Reserve Bank of any or all of the bonds now offered for sale, is hereby
authorized to assign and transfer such bonds to the Federal Reserve Bank purchasing the same and to
deliver said bonds to the Secretary of the Treasury for reissue or other disposition as may be directed
by said Federal Reserve Bank."
I hereby certify that the above is a true extract from the minutes of said meeting.

(SEAL OF BANK).

Cashier, and Secretary of Board of Directors.
NOTE.—If the cashier is authorized to take the action indicated, this copy of the resolution must
be certified by some other officer.
2—3153