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F E D E R AL R E SE R V E BANK
OF N E W YORK

Fiscal Agent of the United States
rC ircu la r N o. 3 7 5 8 "1
September 18, 1951 j

L

OFFERING OF
1 % Percent Treasury Certificates of Indebtedness o f Series D-1952
Dated and bearing interest from O ctober 1, 1951

Due Septem ber 1, 1952

IN EXCH ANGE FOR
l l/ Percent Treasury Notes of Series A-1951, Maturing October 1, 1951
4

To all Banks, and Others Concerned,
in the Second Federal Reserve D istrict:

The following statement was made public today:

Secretary of the Treasury Snyder today announced the o f r n , through the Federal Reserve
feig
Banks, of 1% percent Treasury Ce t f c t s of Indebtedness of Series D-1952, open on an exchange
riiae
b s s par for p r, t holders of 1% percent Treasury Notes of Series A-1951, in the amount o
ai,
a
o
f
$1,918,367,000, which w l mature on October 1 1951. Cash subscriptions w l not be re e e .
il
,
il
c iv d
The c r i i a e now offered w l be dated October 1 1951, and w l bear i t r s from that date
etfcts
il
,
il
neet
at the rate of one and seven-eighths percent per annum, payable with the principal a maturity on
t
September 1 1952. They w l be issued in bearer form only, in denominations of $1,000, $ , 0 ,
,
il
500
$1 0 , , $10 0 ,0 0 0 and $1 , 00 , .
000
0
000
Pursuant t the provisions of the Public Debt Act of 1941, as amended, i t r s upon the c r i i a e
o
neet
etfcts
now offe e s a l not have any exemption, as such, under the Internal Revenue Code, or laws amenda­
rd hl
tory or supplementary t e e o The f l provisions relating t taxability are s t forth i the o f c a
hrt.
ul
o
e
n
fiil
circular released today.
Subscriptions w l be received at the Federal Reserve Banks and Branches, and at the Treasury
il
Department, Washington, and should be accompanied by a l k face amount of the maturing n t s
ie
oe.
Subject t the usual rese v i ns a l subscriptions w l be a l t e in f l .
o
r at o , l
il
lotd
ul
The subscription books w l c o e for the receipt of a l subscriptions at the c o e of business
il ls
l
ls
Friday, September 2 .
1
Subscriptions addressed t a Federal Reserve Bank or Branch or t the Treasury Department, and
o
o
placed i the mail before midnight September 2 , w l be considered as having been entered before the
n
1 il
c o e of the subscription books.
ls
The terms o f this offering are set forth in Treasury Department Circular No. 893, dated
September 18, 1951, a copy o f which is printed on the reverse side.
The subscription books are now open and subscriptions will be received by this Bank as
fiscal agent o f the United States. Cash subscriptions will not be received. Exchange subscrip­
tions should be made on official subscription blanks and mailed immediately or, if filed by
telegram or letter, should be confirmed immediately by mail on the blanks provided.




A llan

S p r o it l ,

President.
(

over

)

UNITED STATES OF AMERICA
1 /q P E R C E N T T R E A S U R Y CERTIFICATES O F I N D E B T E D N E S S O F SERIES D-1952
7
Dated and bearing interest from October 1 1951
,

i ,
?.51

Due September 1 1952
,

o
o

TREASURY DEPARTMENT,

D ep a rtm e n t C irc u la r N o . 893

-------

O

F is c a l S ervice
B u re a u of the P u b lic D e b t

f f ic e o f t h e

.

I.

S ecretary,

Washington, September 18, 1951.

O F F E R IN G O F C E R T IF IC A T E S

1 The Secretary of the Treasury, pursuant t the authority of the Second Liberty Bond Act, a
.
o
s
amended, i v t s subscriptions, at par, from the people of the United States for c r i i a e of indebtedness
nie
etfcts
of the United S a e , designated 1% percent Treasury C r i i a e of Indebtedness of Series D-1952, i
tts
etfcts
n
exchange for Treasury Notes of Series A-1951, maturing October 1 1951.
,
II.

D E S C R IP T IO N

O F C E R T IF IC A T E S

1 The c r i i a e w be dated October 1 1951, and w l bear i t r s from that date at the rate of 1%
.
e t f c t s ill
,
il
neet
percent per annum, payable with the principal a maturity on September 1 1952. They wi not be subject
t
,
ll
t c l for redemption prior t maturity.
o al
o
2 The income derived from the c r i i a e shall be subject t a l t x s now or hereafter imposed
.
etfcts
o l ae,
under the Internal Revenue Code, or laws amendatory or supplementary t e e o The c r i i a e s a l be
hrt.
etfcts hl
subject t e t t , inheritance, g f or other ex i t x s whether Federal or S a e but s a l be exempt from
o sae
it
c se a e ,
tt,
hl
a l taxation now or hereafter imposed on the principal or i t re t thereof by any S a , or any of the
l
ne s
t te
possessions of the United S a e , or by any l c l taxing authority.
tts
oa
3 The c r i i a e wi be acceptable t secure deposits of public moneys. They w l not be acceptable
.
e t f c t s ll
o
il
in payment of t x s
ae.
4 Bearer c r i i a e w l be issued in denominations of $1, 0 $5,000, $10,000, $100,000 and
.
etfcts i l
0 0,
$1,000,000. The c r i i a e w l not be issued in registered form.
etfcts i l
5 The c r i i a e w l be subject t the general regulations of the Treasury Department, now or here­
.
etfcts il
o
after prescribed, governing United States c r i i a e .
etfcts
III.

S U B S C R IP T IO N A N D A L L O T M E N T

1 Subscriptions w l be received at the Federal Reserve Banks and Branches and at the Treasury
.
il
Department, Washington. Banking in t t t o s generally may submit subscriptions for account of cus­
siuin
tomers, but only the Federal Reserve Banks and the Treasury Department are authorized t a t as o f c a
o c
fiil
a n ie .
ge c s
2 The Secretary of the Treasury reserves the right t r je t any subscription, in whole or in part, t
.
o e c
o
a l t l s than the amount of c r i i a e applied f r and t c o e the books as t any or a l subscriptions
lo es
etfcts
o,
o ls
o
l
a any time without notice; and any action he may take in these respects s a l be f n l Subject t these
t
hl
ia.
o
reservations, a l subscriptions w l be a l t e in f l . Allotment notic s w ll be sent out promptly upon
l
il
lotd
ul
e i
allotment.
IV .

PAYM ENT

1 Payment a par for c r i i a e a l t e hereunder must be made on or before October 1 1951, or on
.
t
etfcts l o t d
,
l t r allotment, and may be made only in Treasury Notes of Series A-1951, maturing October 1 1951, which
ae
,
w be accepted at par, and should accompany the subscription.
ill
V.

G E N E R A L P R O V IS IO N S

1 As f s a agents of the United S a e , Federal Reserve Banks are authorized and requested t
.
icl
tts
o
receive subscriptions, t make allotments on the basis and up t the amount? indicated by the Secretary of
o
o
the Treasury t the Federal Reserve Banks of the respective D s r c s t i s e allotment n t c s t receive
o
itit, o su
oie, o
payment for c r i i a e a l t e , to make delivery of c r i i a e on full-paid subscriptions a l t e , and
etfcts lotd
etfcts
lotd
they may i s e interim r c
su
e eipts pending delivery of the d f n t v c r i i a e .
e i i i e etfcts
2 The Secretary of the Treasury may at any time, or from time t time, prescribe supplemental or
.
o
amendatory rules and regulations governing the o f r n , which w l be communicated promptly t the
feig
il
o
Federal Reserve Banks.




JOHN W. SNYDER,
Secretary of the Treasury.

(SUBMIT W ITH DUPLICATE WHITE COPY)
S u b s c r ib e r ’ s R e fe re n ce N o.
EA-N 1

S ubscription Num ber

United States of America 1 % percent Treasury Notes of Series A -1951, maturing October 1,
___________
1951» mi>8t be tendered in payment for this subscription.
E X C H A N G E SUBSCRIPTION

FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS
OF SERIES D-1952, DATED OCTOBER 1, 1951, DUE SEPTEMBER 1, 1952
Important
allotted1 'inSf uli.eCt ‘ ° **“
Ub
in the u.uaPmanner dU<!

re‘ erVation* in Tre* * ury Department Circular No. 893, dated September 18, 1951, all .ub.cription. will be

°C °be * 1951
t r »

F e d e r a l R ese r v e B a n k

of

N ew Y

•hou,<I be detached from the note* tendered in payment of this .ub.cription and collected

ork,

Dated a .
t
Fiscal Agent of the United S a e ,
tts
Federal Reserve P. 0. S a i n
tto,
New York 4 , N. Y.
5
Attention Government Bond Department— 2nd Floor

.9
1 51

D ear S ir s :

Subject t the provisions of Treasury Department Circular No. 8 3 dated September 1 , 1
o
9,
8 951, the undersigned hereby
subscribes f r United States of America 1% percent Treasury C r i i a e of Indebtedness of S r e D-1952 a st t below:
o
etfcts
eis
s a ed
For own account..................................................
$
For our customers ( or use of banking i s i u i n ) a shown on reverse s d of t i form
f
ntttos s
ie
hs

$............

Total subscription....................... $.....
and tenders in payment therefor a l k par amount of United States of America 1% percent Treasury Notes of S r e
ie
eis
A-1951, maturing October 1 1951, as f l o s
,
olw:
To be delivered t you
o
To be withdrawn from
for our account by...
Delivered t
o
s c r t e held by you
euiis
you herewith $..........
for our account...
NOTES SURRENDERED
L I S T S E R IA L N U M B E R S

D K N O M IECXS

( I f insufficient space,
use back o f form )

PACE AM OU NT

n a t io n

$

CERTIFICATES DESIRED IN EXCHANGE
D E N O M I­
N A T IO N

P IE C E S

1 ,0 0 0

$

•

5 ,0 0 0

PACE AM OU N T

LEAVE T H IS SPACE BLA N K

1 ,0 0 0
5 ,0 0 0

1 0 ,0 0 0

1 0 ,0 0 0

1 0 0 ,0 0 0

1 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0

TOTAL

TOTAL

□
□
□
□

1
.
2
.
3
.
4
.

Deliver over th counter t the undersigned
e
o
Ship t the undersigned
o
Hold i safekeeping ( o member bank only)
n
fr
Hold as c l a e a for Treasury Tax and Loan
oltrl
Account

□ 5 Special i s r c i n :
.
ntutos

(IM P O R TA N T : No changes in delivery instructions will be accepted. A separate subscription must be submitted
for each group o f securities as to which different delivery instructions are given.)
The undersigned ( i f a bank or tru.t company) hereby certifies that the securities which you are hereby instructed to dispose
o f in the manner indicated in items numbered 3 and 4 above are the sole property o f the undersigned.
(F ill in all required spaces before signing)
Subscription submitted by.
(P le a s e p r in t )

TO SU B S C R IB E R :
Please indicate if this is a confirmation.

YES.

By.
(O ff ic ia l s ig n a t u r e r e q u ir e d )

N O ...

( T it le )

Street address ................................
City, Town or Village, P. O. No., and State
Spaces below are for the use o f the Federal Reserve Bank of New York
V

a u lt

R

ecord

S

a f e k e e p in g

R

ond

R

ecord

Delivery Reccipt
Received from F e d e r a l R e s e r v e B a n k o p N e w Y o r k the above described
United States Government obligations in the amount indicated above.

Checked by
and delivered-

Subscriber.

CERTIFICATES ISSUED IN EXCHA NGE

SUBSCRIPTION NUMBER .............................................

% PERCENT TREASURY CERTIFICATES OF
NDEBTEDNE8S OF SERIES D-1952 ISSUED
N EXCH AN G E FOR 1% PERCENT TREASURY
s'OTES OF SERIES A-1951 MATURING OCTOBER
, 1951

B y.

Date.

Delivered

D E N O M I­
N A T IO N

P IE C E S
$

1 ,0 0 0

5 ,0 0 0

1 0 ,0 0 0

DELIVERY COMPLETED




B

Checked by-

Securities
received by-

Counted
Checked

overnm ent

Securities
received b y-

Released
Taken from Vault-

G

ecord

1 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0

TOTAL

PACE AM OU N T

NUMBERS

List of customers included in the foregoing subscription
Amount Subscribed




Name of Customer

Address

(P lease print or use typewriter)

DENOMINATIONS A ND SERIAL NUMBERS OF NOTES SURRENDERED

I

.

0

(DUPLICATE COPY FOR USE OF FEDERAL RESERVE B A N K OF N E W YORK)

S u bscriber’s Reference No.

S ubscription N um ber

EA-N 2

United States of America 1 % percent Treasury Notes o f Series A -1951, maturing October 1,
1951, must be tendered in payment for this subscription.
E X C H A N G E SUBSCRIPTION

FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS
OF SERIES D-1952, DATED OCTOBER 1, 1951, DUE SEPTEMBER 1, 1952
Important
allotted1 in Sf uli.eCt ^ * * re‘ erVation* in
U
in the «uai°m anner dU<! ° Ct° ber
F

ederal

R eserve B

a n k of

Department Circular No. 893, dated September 18, 1951, all subscriptions will be

1951 *hou,d be detached from the notes tendered in payment of this subscription and collected

N ew Y

ork,

^

Fiscal Agent of the United S a e ,
tts
Dated a
t............................
Federal Reserve P. 0. S a i n
tto,
New York 4 , N. Y.
5
...............................1951
Attention Government Bond Department— 2nd Floor
D

ear

S ir s :

Subject t the provisions of Treasury Department Circular No. 8 3 dated September 1 , 1 5 , the undersigned hereby
o
9,
8 91
su scribes for United St t s of America 1% percent Treasury C r i i a e o Indebtedness o S r e D-1952 a s a e below:
b
ae
etfcts f
f eis
s ttd
For own account..................................................
$
For our customers ( o use o banking i s i u i n ) a shown on reve s s d of t i form
fr
f
ntttos s
re ie
hs

$............

Total subscription....................... $..........
and tenders i payment therefor a l k par amount of United States of America 1%, percent Treasury Notes of S r e
n
ie
eis
A-1951, maturing October 1 1
, 951, a f l w :
s o lo s
To be delivered t you
o
To be withdrawn from
for our account by...
Delivered t
o
s c r t e held by you
euiis
you herewith $
.
f our account ...
or
NOTES SURRENDERED

L

L IS T S E R IA L N U M B E R S

d e n o m i­

d e n o m i­

( I f insufficient space,
use back of form)

F \CE A M O U N T

n a t io n

$

CERTIFICATES DESIRED IN EXCHANGE
P IE C E S

1 ,0 0 0

n a t io n

$

face am o u n t

1 ,0 0 0

5 ,0 0 0

5 ,0 0 0

1 0 ,0 0 0

1 0 ,0 0 0

1 0 0 ,0 0 0

1 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0

TOTAL

-

TO TAL

—

>

LEAVE T H IS SPACE B L A N K

--- Dispose o s c r t e issued on t i subscription as indicated below:
f euiis
hs
□ 1 Deliver over the counter t the undersigned
.
o
□ 5 Special i s r c i n :
.
ntutos
□ 2 Ship t the undersigned
.
o
□ 3. Hold in safekeeping ( member bank only)
for
□ 4 Hold a c l a e a for Treasury Tax and Loan
.
s oltrl
Account
(IM PO R TA N T : No changes in delivery instructions will be accepted. A separate subscription must be submitted
for each group o f securities as to which different delivery instructions are given.)
The undersigned ( i f a bank or trust company) hereby certifies that the securities which you are hereby instructed to dispose
of in the manner indicated in items numbered 3 and 4 above are the sole property o f the undersigned.
(F ill in all required spaces before signing)
Subscription submitted b y .
( P le a s e p r in t )

TO SU B S C R IB E R :
Please indicate i f this is a confirmation.

YES.

B y.

NO...

(O ff ic ia l s ig n a t u r e r e q u ir e d )

(T it le )

Street address ................................
City, Town or Village, P. O. No., and State
Spaces below are for the use of the Federal Reserve Bank of New York
V

a u lt

R

ecord

S

a f e k e e p in g

R

Checked by
and delivered-

ER CE N T T R E A SU R Y C E R T IF IC A T E S OF
_ E B T E D N E S S O F SE R IE S D-1952 ISSUED
_
;N E X C H A N G E FO R 1 % PE R C E N T TR E A SU R Y
STOTES OF SE R IE S A-1951 M A T U R IN G OCTOBER




R

ecord

Received from F e d e r a l R e s e r v e B a n k o f N e w Y o r k the above described
United States Government obligations in the amount indicated above.
Subscriber.
D ate...........................................

B y.

CERTIFICATES ISSUED IN EXCHANGE

jfjR IPTIO N NU M BER

1951

ond

Delivery Receipt

Delivered

,

B

Checked b y-

Securities
received by-

Counted
Checked

overn m en t

Securities
received b y-

Released
Taken from Vault-

G

ecord

D E N O M I­
N A T IO N

P IE C E S
$

1 ,0 0 0

5 ,0 0 0

1 0 ,0 0 0

1 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0

TO T A L

FACE AM OU N T

NUMBERS

List of customers included in the foregoing subscription
Amount Subscribed




Name o f Customer
(Please print or use typr&riier)

Address

DENOMINATIONS AND SERIAL NUMBERS OF NOTES SURRENDERED


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102