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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)

w
hose sign
ature app
ears below $.......................... par am
ount of th
e
secu
rities issu in exchange for th securities covered by th receipt
ed
e
is

(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/
------ St. ------Federal Reserve Bank of ----- 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 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
te n d
In d e 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 :
ebtedn
; 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 VinlrJ lvrr tt/vii
fO T O UT clC C O U llt b y .
-- ---------------secu rities h e ld b y y o 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

i'ACE AMOUNT

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
□
□

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




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