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FED ERAL RE SE R V E BANK
OF NEW YORK
Fiscal A g en t o f the U nited States

CCircular N o. 4 0 0 4
A ugust 5, 1953

1
J

O FFE R IN G OF

2 % Percent Treasury Certificates of Indebtedness o f Series D-1954, Dated August 15, 1953
IN E XC H A N G E FO R

2 Percent Treasury Certificates of Indebtedness of Series C-1953, Maturing August 15, 1953

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 H um phrey today announced the details o f
Federal Reserve Banks, o f 2 % percent Treasury Certificates o f Indebtedness
an exchange basis, par fo r par, to holders o f 2 percent Treasury Certificates
C-1953, in the amount o f $2,881,576,000, m aturing A ugust 15, 1953. Cash
received.

the offering, through the
o f Series D-1954, open on
o f Indebtedness o f Series
subscriptions will n ot be

The certificates now offered w ill be dated A ugust 15, 1953, and will bear interest from that date at
the rate o f 2 % percent per annum, payable with the principal at m aturity on August 15, 1954. They
will be issued in bearer form only, in denominations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000.
Subscriptions will be received at the Federal Reserve Banks and Branches and at the Office o f the
Treasurer o f the United States, W ashington, and should be accompanied by a like face amount o f the
certificates to be exchanged. The fu ll amount o f interest due on the m aturing certificates will be paid
to the subscribers follow ing acceptance o f the certificates.
The subscription books w ill close fo r the receipt o f all subscriptions at the close o f business Friday,
August 7. Subscriptions addressed to a Federal Reserve Bank or Branch, or to the Treasurer o f the
United States, and placed in the mail before midnight A ugust 7 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. 927, dated
August 5, 1953, a copy o f which is printed on the reverse side o f this circular.
The subscription books are now open and subscriptions will be received by this Bank as
fiscal agent of the United States. Cash subscriptions ivill not be received. Exchange subscrip­
tions should be made on official subscription form s and mailed immediately or, if filed by tele­
gram or letter, should be confirmed immediately by mail on the form s provided. The subscrip­
tion books will be closed at the close o f business Friday, August 7.




A llan

S proul,

President.
( over)

UNITED STATES OF AMERICA
2y 8 P E R C E N T T R E A S U R Y C E R T I F I C A T E S O F IN D E B T E D N E S S O F S E R IE S D-1954
D ated and bearing interest from A u g u st 15, 1953

Department

>053

Circular No.
------

D ue A u gu st 15, 1954

TREASURY DEPARTM ENT,

927

O f f ic e

of th e

S ecretary,

W ashington, A u gu st 5, 1953.

B ureauoftheP uibiicD ebt

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 Liberty B ond A ct, as
amended, invites subscriptions, at par, from the people o f the United States for certificates o f indebted­
ness o f the United States, designated 2 % percent Treasury Certificates o f Indebtedness o f Series D-1954, in
exchange fo r 2 percent Treasury Certificates o f Indebtedness o f Series C-1953, m aturing August 15, 1953.
The amount o f the offering under this circular will be limited to the amount o f m aturing certificates
tendered in exchange and accepted.
II.

D E S C R IP T IO N O F C E R T IF IC A T E S

1. The certificates will be dated August 15, 1953, and will bear interest from that date at the rate of
2 % percent per annum, payable with the principal at maturity on August 15,1954. They will not be subject
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, o r any o f the
possessions o f the United States, or by any local taxing authority.
3. The certificates will be acceptable to secure deposits o f public moneys. They will not be acceptable
iu paym ent o f taxes.
4. Bearer certificates will be issued in denominations o f $1,000, $5,000, $10,000, $100,000
$1,000,000. The certificates w ill not be issued in registered form .

and

5. The certificates will be subject to the general regulations o f the Treasury Department, now or here­
after 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 Office o f the
Treasurer o f the United States, W ashington. Banking institutions generally may submit subscriptions fo r
account o f customers, but only the Federal Reserve Banks and the Treasury Department are authorized
to act as official agencies.
2. The Secretary o f the Treasury reserves the right 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 will be allotted in full. Allotment notices wT be sent out prom ptly upon
ill
allotment.
IV .

PAYM ENT

1.
Payment at par fo r certificates allotted hereunder must be made on or before August 17, 1953, or on
later allotment, and may be made on ly in Treasury Certificates o f Indebtedness o f Series C-1953, matur­
ing A ugust 15, 1953, which will be accepted at par, and should accom pany the subscription. The fu ll amount
o f interest due on the certificates surrendered will be paid follow ing acceptance o f the 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 by the Secretary o f the
Treasury to the Federal Reserve Banks o f the respective Districts, to issue allotment notices, to receive
paym ent fo r 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
amendatory rules and regulations governing the offering, which will be communicated prom ptly to the
Federal Reserve Banks.




G. M . H U M PH R E Y ,
Secretary o f the Treasury.

Federal Reserve Bank
of New York

NON-NEGOTIABLE RECEIPT
TO.

No.

Date.

Receipt is acknowledged of—

Interest due subscriber S-

S.......................
par amount of
2% TREAS. CERT. OF IND. SERIES C-1953

(N otc: If the securities you subscribed for arc to be delivered at the
Federal Reserve Bank of New York over the counter to your
representative, the folloiring authority should be executed.)
F ederal R eserve B a n k of N ew Y o r k :

tendered in payment of your exchange subscription
for a like par amount of

You are hereby authorized to deliver to

(Name o f representative)

2% % TREAS. CERT. OF IND. SERIES D-1954
whose signature appears below $.................................. par amount of the
securities issued in exchange for the securities covered by this receipt.

FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent o f the United States
Government Bond Department
Issues and Redemption Section




Name.

(Please print)

(Official signature required)

Teller

(Signature o f authorized representative)

Federal Reserve Rank
of New York

ACKNOWLEDGMENT OF EXCHANGE SUBSCRIPTION
TO.

Date.

Receipt is acknowledged of your exchange subscription
for S....................................................
par amount of
2% TREAS. CERT. OF IND. SERIES C-1953

in exchange for a like par amount of
2% % TREAS. CERT. OF IND. SERIES D-1954

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
2% TREAS. CERT. OF IND. SERIES C-1953
tendered in payment o f your exchange subscription
for a like par amount of
2 % % TREAS. CERT. OF IND. SERIES D-1954




SECURITY FILES DUE CUSTOMERS OUT

Receipt is acknowledged of—
S....................................................
par amount of
2% TREAS. CERT. OF IND. SERIES C-1953
tendered in payment o f your exchange subscription
for a like par amount of
2 % % TREAS. CERT. OF IND. SERIES D-1954




E S -C 1

Subscription Number

(S U B M IT W IT H D U P L IC A T E W H IT E C O P Y )

United States o f America 2 percent Treasury Certificates of Indebtedness of Series C -19 5 3, maturing
August 15, 1 95 3, must be tendered in payment for this subscription.

EXCHANGE SUBSCRIPTION
For United States of America 2 % Percent Treasury Certificates of Indebtedness
o f Series D-1954, dated August 15, 1953, due August 15, 1954
F ederal R eserve B a n k of N ew Y ork ,
r)atprI .
Fiscal A gen t o f the United States,
Federal Reserve P. 0 . Station,
.1953
New Y ork 45, N. Y .
D ear S m s :
Subject to the provisions o f Treasury Department C ircular No. 927, dated A ugust 5, 1953, the undersigned hereby
subscribes fo r United States o f A m erica 2 % percent Treasury Certificates o f Indebtedness o f Series D-1954, as fo llo w s :
F o r own a c c o u n t ...........................................................................................................................................

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

F o r our customers (fo r use o f banking institutions) as shown on reverse sid e........................

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

Total subscription................................................................

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

and tenders in paym ent therefor a like par amount o f United States o f Am erica 2 percent Treasury Certificates o f
Indebtedness o f Series C-1953, m aturing August 15, 1953, delivered as follow s:
Delivered to you herewith.......................................................................................................................... .... $....................................
T o be withdrawn from securities held by y o u ...................................................................................... .... $....................................
T o be delivered b y ......................................................................................................................................... .... $...................................
P a y interest due A ugust 15, 1953, on maturing certificates as fo llo w s :
□ B y credit to our reserve account
□ B y check
C E R T IF IC A T E S S U R R E N D E R E D

C E R T IF IC A T E S D E S IR E D

(List serial numbers on reverse side)

ieces

Denomi­
nation
$

Interest due
(Leave this space blank)

Face amount

Denomi­
nation

Pieces

1,000

$

5,000

Face amount

(Leave this space blank)

1,000

5,000

10,000

10,000

100,000

100,000

1,000,000

1,000,000

TOTAL

TO TAL

Dispose o f securities issued, as follow s:
□ 1. D eliver over the counter to the undersigned
J 2. H old in safekeeping (fo r member bank only)
J 3. H old as collateral fo r Treasury Tax and Loan A ccount
fh e u n d e r s ig n e d h e r e b y certifies th a t th e s e cu r itie s t o b e
lis p o s e d o f a s in d ic a te d in item 2 o r 3 a b o v e a re the
o le p r o p e r t y o f th e u n d e rsig n ed .

□
□

4. Ship to the undersigned
5. Special instructions:

( I M P O R T A N T : N o ch a n g e s in d e liv e r y in stru ction s w ill b e a c c e p te d . A
s e p a ra te s u b s crip tio n m u st b e su b m itte d fo r e a ch g r o u p o f s e cu r itie s as to
w h ich d iffe r e n t d e liv e r y in stru ction s a re g iv e n .)

Submitted by

The subscription books will
close at the close of business
August 7 , 195 3.

(Please print)

B y ...................
(O fficial signature required)

(T itle )

A d d re s s...................................................................................................
(Spaces below are for the use o f the Federal Reserve Bank o f New Y o rk )
Govern m en t B ond

V a u l t R ecord

S a f e k e e p in g R ecord

Received

Counted

Received

Checked

Checked

Checked
and
delivered




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
States obligations in the amount subscribed for.

ork

the above described United

D E N O M IN A T IO N S A N D S E R IA L N U M B E R S O F C E R T IF IC A T E S S U R R E N D E R E D

List of customers included in the foregoing subscription
(Ltave this
space blank)

A m ount Subscribed




Name o f Custom er
(Please print or typewrite)

Address

ES C 2

P

(D U P L IC A T E C O P Y F O R U SE O F 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 )

Subscription Number

United States of America 2 percent Treasury Certificates of Indebtedness of Series C -19 5 3, maturing
August 15, 1 9 5 3 , must be tendered in payment for this subscription.

EXCHANGE SUBSCRIPTION
For United States of America 2 % Percent Treasury Certificates of Indebtedness
o f Series D-1954, dated August 15, 1953, due August 15, 1954
Dated at
Fiscal A gent o f the United States,
Federal Reserve P . 0 . Station,
.1953
New Y ork 45, N. Y .
D e a r Sm s:
Subject to the provisions o f Treasury Department Circular No. 927, dated August 5, 1953, the undersigned hereby
subscribes for United States o f Am erica 2 % percent Treasury Certificates o f Indebtedness o f Series D-1954, as follow s:
F e d e r a l R e se rv e B a n k op N e w Y o r k ,

F o r own a c c o u n t ...........................................................................................................................................

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

F o r our customers (fo r use o f banking institutions) as shown on reverse sid e........................

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

Total subscription................................................................

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

and tenders in payment therefor a like par amount o f United States o f America 2 percent Treasury Certificates of
Indebtedness o f Series C-1953, maturing August 15, 1953, delivered as follow s:
Delivered to you herew ith..........................................................................................................................
$...................................
T o be withdrawn from securities held by y o u ......................................................................................

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

To be delivered b y .........................................................................................................................................
Pay interest due August 15, 1953, on maturing certificates as fo llo w s:
□ B y credit to our reserve account
□ B y check

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

C E R T IF IC A T E S SU R R E N D E R E D

C E R T IF IC A T E S D E S IR E D

(List serial numbers on reverse side)

eces

Denomi­
nation
$

Interest due
(Leave this space blank)

Face amount

Denomi­
nation

Pieces

1,000

$

Face 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

Dispose o f securities issued, as follows :
] 1. Deliver over the counter to the undersigned
J 2. H old in safekeeping (fo r member bank only)
1 3. H old as collateral fo r Treasury Tax and Loan Account
The u n d e r sig n e d h e re b y certifies that the s e cu r itie s to be
lisp osed o f a s in d ica te d in item 2 o r 3 a b o v e are the
o le p r o p e r ty o f the u n d ersig n ed .

□
□

4. Ship to the undersigned
5. Special instructions:

(I M P O R T A N T : N o ch a n g es in d e liv e r y in stru ction s w ill b e a c c e p te d . A
se p a ra te su b scrip tio n m ust b e su b m itted f o r ea ch g ro u p o f secu rities as to
w h ich d iffe re n t d e liv e r y in stru ction s a re g iv e n .)_______________________________

Submitted by

The subscription books will
close at the close of business
August 7 , 1 95 3.

(Please print)

By..............

(O fficial signature required)

(T itle)

A d d re s s...................................................................................................
( S p a ce s b e lo w a re f o r th e u se o f th e F e d e ra l R e s e r v e B ank o f N ew Y o r k )
G o v e r n m e n t B ond

V a u l t R ecord

S a f e k e e p in g R eco rd

Received

Counted

Received

Checked

Checked

Checked
and
delivered




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
States obligations in the amount subscribed for.

D ate..................

ork

the above described United

B y ......................................................................................................................................................

D E N O M IN A T IO N S A N D S E R IA L N U M B E R S O F C E R T IF IC A T E S S U R R E N D E R E D

List of customers included in the foregoing subscription
(Leave this
space blank)

Am ount Subscribed




Name o f Customer
(Please print or typewrite)

A d dress

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