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F E D E R A L R E S E R V E BAN K O F NEW YORK Fiscal A g en t o f the U nited States r Circular N o. 3 9 1 9 1 U N ovem ber 17, 1952 J O FFE R IN G OF A D D IT IO N A L ISSUE OF 2 Percent Treasury Certificates of Indebtedness of Series C-1953, Dated August 15, 1952 IN E XC H A N G E FO R 1 % Percent Treasury Certificates of Indebtedness of Series F-1952, Maturing December 1, 1952 To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today: Secretary o f the Treasury Snyder today announced the offering through the Federal Reserve Banks o f an additional amount o f 2 percent Treasury Certificates o f Indebtedness o f Series C-1953, open on an exchange basis, at par and accrued interest, to holders o f 1 % percent Treasury Certificates o f Indebtedness o f Series F-1952, maturing December 1, 1952, in the amount o f $1,062,634,000. Cash subscriptions will not be received. A t the same time Secretary Snyder announced that the option to call the 2 percent Treasury Bonds o f 1951-53 fo r redemption on March 15, 1953, was not exercised. The certificates o f Series C-1953 now offered will be an addition to and will form a part o f the series issued pursuant to Department Circular No. 912, dated A ugust 4, 1952. They are identical in all respects with such certificates, with which they will be freely interchangeable. The certificates o f this series are dated A ugust 15, 1952, and w ill bear interest from that date at the rate o f 2 percent per annum, payable with the principal at m aturity on A ugust 15, 1953. They will be issued in bearer form only, in denomina tions o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. Pursuant to the provisions o f the P ublic Debt A ct o f 1941, as amended, interest upon the certificates now offered shall not have any exemption, as such, under the Internal Revenue Code, or laws amendatory or supplementary thereto. The fu ll provisions relating to taxability are set forth in the official circular released today. Subscriptions will be received at the Federal Reserve Banks and Branches, and at the Treasury Department, W ashington, and should be accom panied b y a like face amount o f the m aturing certificates. The fu ll amount o f interest due on the m aturing certificates will be credited, accrued interest from A ugust 15, 1952, to December 1, 1952, on the certificates to be issued ($5.91781 per $1,000) w ill be charged, and the difference will be paid to subscribers follow ing acceptance o f the m aturing certificates. Subject to the usual reservations, all subscriptions w ill be allotted in full. The subscription books w ill close fo r the receipt o f all subscriptions at the close o f business Thursday, November 20. Subscriptions addressed to a Federal Reserve Bank or Branch or to the Treasury Department, and placed in the mail before midnight November 20, will be considered as having been entered before the close o f the subscription books. The terms of this offering are set forth in Treasury Department Circular No. 917, dated November 17,1952, a copy o f which is printed on the reverse side. The subscription books are now open and applications will be received by this Bank as fiscal agent o f the United States. Cash subscriptions will not be received. Exchange subscriptions should be made on official subscription forms and mailed immediately or, if filed by telegram or letter, should be confirmed immediately by mail on the forms provided. A llan S proul, President. ( over) U N IT E D STATE S OF A M E R IC A 2 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F SE R IE S C-1953 Dated and bearing interest from A ugust 15, 1952 Due August 15, 1953 A D D I T I O N A L IS S U E 1952 Department Circular N o. 917 TREASU RY DEPARTM ENT, O f f ic e Fiscal Service Bureau of the Public Debt o f tece Secretary, W ashington, N ovem ber 17, 1952. I. O F F E R I N G O F C E R T IF IC A T E S 1. The Secretary o f the Treasury, pursuant to the authority o f the Second L iberty B ond A ct, as amended, invites subscriptions, at par and accrued interest, from the people o f the U nited States fo r certificates o f indebtedness o f the United States, designated 2 percent Treasury Certificates o f Indebtedness o f Series C-1953, in exchange fo r 1 % percent Treasury Certificates o f Indebtedness o f Series F-1952, m aturing December 1, 1952. II . D E S C R I P T I O N O F C E R T IF IC A T E S 1. The certificates now offered w ill be an addition to and will form a part o f the series o f 2 percent Treasury Certificates o f Indebtedness o f Series C-1953 issued pursuant to Department Circular No. 912, dated A ugust 4, 1952, will be freely interchangeable therewith, are identical in all respects therewith, and are described in the follow in g quotation from Department Circular No. 912: “ 1. The certificates w ill be dated A ugust 15, 1952, and will bear interest from that date at the rate o f 2 percent per annum, payable with the principal at m aturity on A ugust 15, 1953. They w ill not be sub je c t to call fo r redemption p rior to maturity. “ 2. The income derived from the certificates shall be subject to all taxes, now or hereafter imposed under the Internal Revenue Code, or laws amendatory or supplementary thereto. The certificates shall be subject to estate, inheritance, g ift or other excise taxes, whether Federal or State, but shall be exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any o f the possessions o f the United States, or b y any local taxing authority. “ 3. The certificates will be acceptable to secure deposits o f public moneys. They will not be acceptable in paym ent o f taxes. “ 4. Bearer certificates w ill be issued in denominations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. The certificates w ill not be issued in registered form. “ 5. The certificates will be subject to the general regulations o f the Treasury Department, now or hereafter prescribed, governing United States certificates.” 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 will be received at the Federal Reserve Banks and Branches and at the Treasury D epart ment, W ashington. Banking institutions generally may submit subscriptions fo r account o f customers, but only the Federal Reserve Banks and the Treasury Departm ent are authorized to act as official agencies. 2. The Secretary o f the Treasury reserves the righ t to reject any subscription, in whole or in part, to allot less than the amount o f certificates applied for, and to close the books as to any or all subscriptions at any time without notice; and any action he may take in these respects shall be final. Subject to these reservations, all subscriptions w ill be allotted in full. Allotm ent notices will be sent out prom ptly u pon allotment. IV . PAYM ENT 1. Payment at par and accrued interest from A ugust 15, 1952, to December 1, 1952, fo r certificates allotted hereunder must be made on or before December 1, 1952, or on later allotment. Paym ent o f the principal amount may be made only in Treasury Certificates o f Indebtedness o f Series F-1952, m aturing December 1, 1952, which w ill be accepted at par and should accom pany the subscription. The fu ll amount o f interest due on the matur ing certificates will be credited, accrued interest from A ugust 15, 1952, to December 1, 1952, on the certificates to be issued ($5.91781 per $1,000) will be charged, and the difference w ill be p aid to the subscribers follow ing acceptance o f the m aturing certificates. V. G E N E R A L P R O V IS IO N S 1. A s fiscal agents o f the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated b y the Secretary o f the Treasury to the Federal Reserve Banks o f the respective Districts, to issue allotment notices, to receive payment for certificates allotted, to make delivery o f certificates on full-paid subscriptions allotted, and they may issue interim receipts pending delivery o f the definitive certificates. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or amenda tory rules and regulations governing the offering, which will be communicated prom ptly to the Federal Reserve Banks. JO H N W . SN YDER, Secretary o f the Treasury. Federal Reserve Bank o f New York NON-NEGOTIABLE RECEIPT No..................................... Receipt is acknowledged of— Interest due subscriber $t......................................................... $............................................................ par amount of l/ 8% (N ote: If the securities you subscribed for are to be delivered at the Federal Reserve Bank o f New York over the counter to your representative, the following authority should be executed.) TREAS. CERT. OF IND. SERIES F-1952 F eder al R tendered in payment of your exchange subscription for a like par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 ADDITIONAL ISSUE FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Government Bond Department Issues and Redemption Section eserve B a n k of N ew Y ork: You are hereby authorized to deliver to (N am e of representative) whose signature appears below $.......................... par amount of the securities issued in exchange for the securities covered by this receipt (Please print) (Official signature required) Teller (Signature of authorized representative) Federal Reserve Bank o f New York ACKNOWLEDGMENT OF EXCHANGE SUBSCRIPTION Date. TO Receipt is acknowledged of your exchange subscription for $.. par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 ADDITIONAL ISSUE in exchange for a like par amount of 1% % TREAS. CERT. OF IND. SERIES F-1952 FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Government Bond Department Issues and Redemption Section Teller Interest due subscriber SECURITY FILES DUE CUSTOMERS IN Receipt is acknowledged of— .......................................... par amount of V/8% TREAS. CERT. OF IND. SERIES F-1952 tendered in payment o f your exchange subscription for a like par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 ADDITIONAL ISSUE SECURITY FILES DUE CUSTOMERS OUT Receipt is acknowledged of— i , ........................................................ par amount of 1% % TREAS. CERT. OF IND. SERIES F-1952 tendered in payment of your exchange subscription for a like par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 ADDITIONAL ISSUE (SUBM IT W I T H D U P L IC A T E W H IT E COPY) Subscriber ’§ Reference No. Subscription Number ES C l United States of America 1 % percent Treasury Certificates of Indebtedness of Series F-1952, maturing December 1, 1952, must be tendered in payment for this subscription. E X C H A N G E S U B S C R IP T IO N FOR UNITED STATES OF AMERICA 2 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1953, DATED AUGUST 15, 1952, DUE AUGUST 15, 1953, ADDITIONAL ISSUE Important S u b ject to the reservations in Treasury Departm ent C ircu la r N o. 9 1 7 , dated N ovem ber 17, 1 952, all subscription* will be a llotted in full. T h e full am ou nt o f interest due on the m aturing certificates will be credited; a ccru ed interest from A u gust 15, 1952, to D ece m b e r 1, 1 9 5 2 , o n the certificates to be issued ($ 5 .9 1 7 8 1 per $ 1 ,0 0 0 ) will be ch arged; and the difference will be paid to the subscribers follow in g a ccep ta n ce o f the m aturing certificates. F D R eserve B a n k o p N e w Y o r k , Dated at Fiscal Agent o f the United States, Federal Reserve P. 0 . Station, New York 45, N. Y . Attention Government Bond Department— 2nd Floor ederal ear 19 5 2 S ir s : Subject to the provisions o f Treasury Department Circular No. 917, dated November 17, 1952, the undersigned hereby subscribes fo r United States o f America 2 percent Treasury Certificates o f Indebtedness o f Series C-1953, additional issue, as stated below: F o r own account........................................................................................................................................ $. F or our customers (fo r use of banking institutions) as shown on reverse side o f this form $. Total subscription.............................................................. $................................. tenders in payment therefor a like par amount o f United States o f America 1 % percent Treasury Certificates of ebtedness o f Series F-1952, maturing December 1, 1952, as follows: m i. ..v ■, . To be delivered to you k ^ r f ^ n from f or our account by................................................ ^Delivered to securities held by you you herewith $............................ fo r our a c c o u n t...........$............................................................................ $................................. P ay interest adjustment on December 1, 1952 as follow s: B y c h e c k ............................................................................. □ B y credit to our reserve account................................... □ C E R T IF IC A T E S D E SIR E D IN E X C H A N G E C E R T IF IC A T E S SU RRENDERED Denomi nation $ Face amount List serial numbers (If insufficient space, use back of form) Denomi nation Pieces $ 1 ,0 0 0 Leave this space blank Face amount 1,000 5,000 5 ,0 0 0 10,000 10,000 100,000 100,000 1,0 0 0 ,0 0 0 1,000,000 TOTAL TOTAL Dispose o f □ 1. □ 2. □ 3. □ 4. securities issued on this subscription as indicated below : Deliver over the counter to the undersigned □ Ship to the undersigned H old in safekeeping (fo r member bank only) H old as collateral fo r Treasury Tax and Loan 5. Special instructions: Account (IM P O R T A N T : N o 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.) T h e u n dersig n ed ( i f a ba n k o r trust co m p a n y ) h ereb y ce rtifies th at th e securities w hich you are h ereb y in stru cted to dispose o f in th e m anner in d ica te d in item s n u m bered 3 and 4 a b o v e are the s o le p r op erty o f th e u n dersigned. (Fill in all required spaces before signing) Subscription submitted by T O SUBSCRIBER: Please indicate i f this is a confirmation. Y E S.. (Please print) B y .... ( T itle ) (Official signature required) N O .... Street address .................................. The subscription books will close at the close o f business November 20, 1952 V City, Town or Village, P. O. No., and State S p aces b e lo w are f o r th e use o f th e F ed era l R eserve Bank o f N ew Y o rk V ault R ec or d S a f e k e e p in g R G ovebnm ent B ecor d Securities received by- Released Taken from Vault- Securities received byChecked by and delivered- Subscriber. By. Date. CERTIFICATES ISSUED IN EXCHANGE ------- , Pieces 2 percent Treasury Certificates o f Indebtedness of Series C-1953, additional issue, issued in exchange for 1% percent Treasury Certificates o f Indebtedness o f Series F-1952 maturing December 1, 1952 Denomi nation $ 1,000 5,000 10,000 100,000 D E L IV E R Y C O M P L E T E D http://fraser.stlouisfed.org/ ------------ ------------— Federal Reserve Bank of ----St. Louis Checked by- 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 obligations in the amount indicated above. Delivered p R ecord Delivery Receipt Counted Checked ond 1,000,000 TOTAL Face amount Numbers List o f customers included in the foregoing subscription Am ount Subscribed Name of Customer Address ( P le a s e p rin t o r u se ty p e w rite r ) DENOMINATIONS AND SERIAL NUMBERS OF CERTIFICATES SURRENDERED * (D U P L IC A T E CO PY F O R USE OF F E D E R A L R E S E R V E B A N K OF N E W Y O R K ) Subscriber's Reference No. Subscription Number E S -C 2 United States of America 1 % percent Treasury Certificates of Indebtedness of Series F-1952, maturing December 1, 1952, must be tendered in payment for this subscription. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 2 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1953, DATED AUGUST 15, 1952, DUE AUGUST 15, 1953, ADDITIONAL ISSUE Important ii _ « . S u b ject to the reservations in Treasury D epartm ent C ircu la r N o. 9 1 7 , dated N ovem ber 17, 1952, all subscriptions will be a llotted in full. n T h e fu ll am ou nt o f interest due on the m aturing certificates will be credited; a ccru ed interest from A u gust 15, 1952, to ece m b e r 1, 1 952, o n the certificates to be issued ($ 5 .9 1 7 8 1 p er $ 1 ,0 0 0 ) will be ch a rged; and the difference will be paid to the subscribers follow in g a ccep ta n ce o f the m aturing certificates. F ederal R B eserve a n k of N ew Y ork, D a te d at F is c a l A g e n t o f th e U n ite d States, F e d e r a l R e serv e P . O . S tation , ............................... N e w Y o r k 45, N . Y . A tte n tio n G overn m en t B o n d D ep a rtm en t— 2 n d F lo o r D ear .1952 S ir s : S u b je c t to th e p r o v isio n s o f T rea su ry D e p a rtm e n t C ir c u la r N o. 917, da ted N ov em b er 17, 1952, the u n d ersign ed hereby su b scrib es f o r U n ited States o f A m e rica 2 p e r ce n t T rea su ry C ertifica tes o f In d ebted n ess o f S eries C -1953, a d d ition a l issue, as sta te d b e l o w : F o r o w n a c c o u n t ............................................................................................................................................................ $ ...................................... F o r o u r cu stom ers ( f o r use o f b a n k in g in stitu tio n s ) as sh ow n on reverse side o f th is fo r m $ ...................................... T o ta l s u b s c r ip t io n ....................................................................... $ ...................................... arid ten te n d d e rs in p a y m e n t th e r e fo r a like p a r a m ou n t o f U n ite d States o f A m e rica 1 % p e rce n t T re a su ry C ertificates o f In d eebtedn b te d ] ess o f S eries F -1 9 5 2 , m a tu rin g D e ce m b e r 1, 1952, as fo llo w s : ; fl m v .. v j T o be d e liv e re d to y o u T o be w ith d ra w n fr o m i. D ---------------e liv e r e d to oo/inT*itino fO T O UT clC C O U llt b y . -secu rities VinlrJ h e ld lvrr by t yto/vii u y o u h erew ith $ ................................. f o r o u r a c c o u n t ............ j P a y in terest a d ju stm e n t on D ecem b er 1, 1952 as f o llo w s : * B y c h e c k ........................................................................................ □ B y c r e d it to o u r reserve a c c o u n t ........................................ □ 1 = C E R T IF IC A T E S S U R R E N D E R E D List serial numbers Denomi nation t C E R T IF IC A T E S D E S IR E D IN E X C H A N G E ( I f in su ffic ie n t sp a c e , u se back o f fo rm ) Face amount - Denomi nation Pieces $ 1,000 Leave this space blank 1,000 5,000 5,000 10,000 10,000 100,000 100,000 1,000,000 1 000,000 TOTAL TOTAL , D isp ose o f secu rities issu ed on th is su b s crip tio n as in d ica te d b e lo w : □ 1. D e liv e r ov e r the co u n te r to th e u n d e rsig n e d □ □ i'ACE AMOUNT 2. 5. S p e cia l in s tr u c tio n s : S h ip to th e u n d ersig n ed □ 3. H o ld in sa fe k e e p in g ( f o r m em b er b a n k o n ly ) □ 4. H o ld as colla tera l f o r T re a su ry T a x a n d L oa n A ccou n t (IM P O R T A N T : No changes in delivery instructions will be accepted. A separate subscription must be submitted each group o f securities as to which different delivery instructions are given.) T he undersigned ( if a bank or trust co m p a n y ) h ereby certifies that the securities w h ich you are h ereb y in stru cted to disp ose th e m anner in d ica ted in item s n u m bered 3 a n d 4 a b ov e are the sole p rop erty o f the u ndersigned. (Fill in all required spaces before signing) Subscription submitted by (Please print) SUBSCRIBER: lease indicate if this is a confirmation. YES.. B y .... (Title) (Official signature required) NO.... Street address .................................... he subscription books will close at the close o f business November 20, 1952 City, Town or Village, P. O. No., and State S p aces b e lo w are f o r the use o f the Federal R eserve Bank o f N ew Y ork V a u l t R e c or d G o v e r n m e n t B o n d R e c or d S a f e k e e p i n g R ecord Securities Released Taken from Vaultr ---------------------------| Securities 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 United States ob igations in the amount indicated above. Counted Checked Checked by------------ Delivery Receipt Checked by and delivered---------------- bove described Subscrib Delivered C E R T IF IC A T E S IS S U E D IN E X C H A N G E ption No. Denomi nation Pieces 2 percent Treasury Certificates o f Indebtedness of Series C-1953, additional issue, issued in exchange for 1 % percent Treasury Certificates of Indebtedness of Series F-1952 maturing December 1, 1952 $ 1,000 5,000 10,000 100,000 1,000,000 TOTAL Face amount Numbers L ist o f customers included in the foregoing subscription Amount Subscribed Name o f Customer Address (Please print or use typewriter) DENOMINATIONS AND SERIAL NUMBERS OP CERTIFICATES SURRENDERED
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