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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 gent of the United States
r Circular No. 4 0 6 6 1
L February 1, 1954 J

EXCHANGE OFFERING
for

1 % Percent Treasury Certificates o f Indebtedness o f Series A-1955, and
2y 2 Percent Treasury Bonds o f 1961
To A ll B an kin g In stitution s, and O thers Concerned,
in th e Second F edera l R eserve D istrict:

The books open today for subscriptions to the offering of 1% percent Treasury Certificates
of Indebtedness of Series A-1955, to be dated February 15, 1954, in exchange for 2 ^ percent
Treasury Certificates of Indebtedness of Series A-1954, maturing February 15,1954, or 1% per­
cent Treasury Notes of Series A-1954, maturing March 15,1954.
The books also open today for subscriptions to the offering of 2Vz percent Treasury Bonds
of 1961, to be dated February 15,1954, in exchange for any of the following outstanding issues:
2 % percent Treasury Certificates of Indebtedness of Series A-1954, maturing
February 15, 1954,
1% percent Treasury Notes o f Series A-1954, maturing March 15, 1954,
2 percent Treasury Bonds o f 1952-54, maturing June 15, 1954,
21/4 percent Treasury Bonds o f 1952-55, to be called for redemption on June 15,
1954, and
2*4 percent Treasury Bonds o f 1954-56, to be called for redemption on June 15,
1954.

Exchanges will be made par for par in the case of the maturing certificates, and at par
with an adjustment of interest as of February 15, 1954, in the case of the other issues eligible
for exchange. The amounts of the offerings will be limited to the amount of the eligible securi­
ties that are tendered in exchange and accepted. Cash subscriptions will not be received. The
terms of the offerings are set forth in Treasury Department Circulars No. 938 and No. 939,
both dated February 1, 1954; a copy of each is printed on the following pages.
Subscriptions will be received by this Bank as fiscal agent of the United States. Subscrip­
tions should be made on official subscription forms and mailed immediately or, if filed by tele­
gram or letter, should be confirmed immediately by mail on the forms provided. The subscription
books will close at the close of business Wednesday, February 3. Any subscription addressed to
a Federal Reserve Bank or Branch or to the Treasury Department and placed in the mail
before midnight February 3 will be considered as timely.
Please be guided by the instructions on the subscription forms (see Important Instruction
No. 1) relating to the filing of separate subscription forms.




A

llan

S

proul,

President.

UNITED STATES OF AMERICA
1 % PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES A-1955
Dated and bearing interest from February 15, 1954

1954
Department Circular No. 9 3 8

D oe February 15, 1955

TREASU RY D EPARTM EN T,
O ffic e

Fiscal Service
Bureau of the Public Debt

I.

O FFERIN G O F C E R T IFIC A T E S

1. The Secretary o f the Treasury, pursuant to
the authority o f the Second Liberty Bond Act, as
amended, invites subscriptions from the people of
the United States for certificates o f indebtedness of
the United States, designated 1% percent Treasury
Certificates o f Indebtedness o f Series A-1955, in
exchange for 2*4 percent Treasury Certificates of
Indebtedness of Series A-1954, maturing February
15, 1954, or 1% percent Treasury Notes of Series
A-1954, maturing March 15, 1954. Exchanges will
be made par for par in the case o f the maturing
certificates and at par with an adjustment of
interest as o f February 15, 1954, in the case of the
maturing notes. The amount o f the offering under
this circular will be limited to the amount o f matur­
ing certificates and notes tendered in exchange and
accepted.
2. In addition to the offering under this circular,
holders o f the maturing certificates and notes are
offered the privilege o f exchanging all or any part
o f such certificates and notes for 2% percent
Treasury Bonds o f 1961, which offering is set forth
in Department Circular No. 939, issued simultane­
ously with this circular.
II.

D E SC R IP T IO N O F C E R T IFIC A T E S

1. The certificates will be dated February 15,
1954, and will bear interest from that date at the
rate o f 1% percent per annum, payable at the
maturity o f the certificates on February 15, 1955.
They will not be subject to call for redemption prior
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 amenda­
tory or supplementary thereto. The certificates
shall be subject to estate, inheritance, gift 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 by
any local taxing authority. Any premium paid on
the acquisition o f these certificates in the market
may be amortized in accordance with Sec. 125 of
the Internal Revenue Code.
3. The certificates will be acceptable to secure
deposits of public moneys. They will not be ac­
ceptable in payment of taxes.
4. Bearer certificates with one interest coupon
attached will be issued in denominations of $1,000,
$5,000, $10,000, $100,000 and $1,000,000. The cer­
tificates will not be issued in registered form.




o f th e

S ecreta ry ,

Washington, February 1, 1954.
5.
The certificates will be subject to the general
regulations of the Treasury Department, now or
hereafter prescribed, governing United States cer­
tificates.
III.

SU B S C R IPT 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 of
the Treasurer of the United States, Washington.
Banking institutions generally may submit sub­
scriptions for account o f customers, but only the
Federal Reserve Banks and the Treasury Depart­
ment are authorized to act as official agencies.
2. The Secretary o f the Treasury reserves the
right to reject or reduce any subscription, to close
the books as to any or all subscriptions at any time
without notice, and to allot less than the amount
of certificates applied fo r ; 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 will be sent out promptly
upon allotment.
IV .

PAYM ENT

1.
Payment at par for certificates allotted here­
under must be made on or before February 15,
1954, or on later allotment, and may be made only
in Treasury Certificates of Indebtedness of Series
A-1954, maturing February 15,1954, or in Treasury
Notes o f Series A-1954, maturing March 15, 1954,
which will be accepted at par, and should accom­
pany the subscription. The full amount of interest
due on the maturing certificates surrendered will
be paid following acceptance of the certificates.
Coupons dated March 15, 1954 must be attached to
the notes when surrendered, and accrued interest
from September 15, 1953 to February 15, 1954
($5.81146 per $1,000) will be paid following ac­
ceptance of the notes.
V.

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

1. As fiscal agents of 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 Secre­
tary of the Treasury to the Federal Reserve Banks
of the respective Districts, to issue allotment
notices, to receive payment for certificates allotted,
to make delivery of certificates on full-paid sub­
scriptions allotted, and they may issue interim re­
ceipts pending delivery of the definitive certificates.
2. The Secretary of 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 promptly to
the Federal Reserve Banks.
G. M. HUMPHREY,
Secretary of the Treasury.

UNITED STATES OF AMERICA
2 l/2 PERCENT TREASURY BONDS OF 1961
Dated and bearing interest from February 15, 1954

Due November 15, 1961

Interest payable May 15 and November 15

1954
Department Circular No. 9 39

TREASU RY DEPARTM ENT,
O f f ic e

Fiscal Service
Bureau of the Public Debt

I.

OFFERING OF BONDS

1. The Secretary o f the Treasury, pursuant to
the authority o f the Second Liberty Bond Act, as
amended, invites subscriptions from the people of
the United States for bonds o f the United States,
designated 2Yz percent Treasury Bonds of 1961, in
exchange for which any of the following listed se­
curities, singly or in combinations aggregating $500
or multiples thereof, may be tendered:
2*4 percent Treasury Certificates o f Indebted­
ness o f Series A-1954, maturing February
15, 1954
1% percent Treasury Notes o f Series A-1954,
maturing March 15, 1954
2 percent Treasury Bonds o f 1952-54 (dated
June 26, 1944), maturing June 15, 1954
21/4 percent Treasury Bonds o f 1952-55, to be

called for redemption on June 15, 1954
21/4 percent Treasury Bonds o f 1954-56, to be

called for redemption on June 15, 1954
Exchanges will be made par for par in the case of
the maturing certificates and at par with an adjust­
ment o f interest as o f February 15, 1954 in the case
of the other issues eligible for exchange. The
amount o f the offering under this circular will be
limited to the amount o f the eligible securities of
the five issues enumerated above tendered in ex­
change and accepted.
2. In addition to the offering under this circular,
holders o f the maturing certificates and notes are
offered the privilege of exchanging all or any part
o f such certificates and notes for 1 % percent
Treasury Certificates of Indebtedness of Series
A-1955, which offering is set forth in Department
Circular No. 938, issued simultaneously with this
circular.
II.

DESCRIPTION OF BONDS

1. The bonds will be dated February 15, 1954,
and will bear interest from that date at the rate of
2% percent per annum, payable on a semiannual
basis on November 15, 1954 and thereafter on May
15 and November 15 in each year until the principal
amount becomes payable. They will mature Novem­
ber 15, 1961, and will not be subject to call for
redemption prior to maturity.
2. The income derived from the bonds shall be
subject to all taxes now or hereafter imposed under




of t h e

Secretary,

Washington, February 1, 1954.
the Internal Revenue Code, or laws amendatory
or supplementary thereto. The bonds shall be sub­
ject to estate, inheritance, gift or other excise taxes,
whether Federal or State, but shall be exempt from
all taxation now or hereafter imposed on the princi­
pal or interest thereof by any State, or any of the
possessions of the United States, or by any local
taxing authority.
3. The bonds will be acceptable to secure deposits
of public moneys.
4. Bearer bonds with interest coupons attached,
and bonds registered as to principal and interest,
will be issued in denominations of $500, $1,000,
$5,000, $10,000, $100,000 and $1,000,000. Provision
will be made for the interchange o f bonds of differ­
ent denominations and of coupon and registered
bonds, and for the transfer o f registered bonds,
under rules and regulations prescribed by the
Secretary of the Treasury.
5. The bonds will be subject to the general regu­
lations of the Treasury Department, now or here­
after prescribed, governing United States bonds.
III.

SUBSCRIPTION AN D ALLOTMENT

1. Subscriptions will be received at the Federal
Reserve Banks and Branches and at the Office of
the Treasurer of the United States, Washington.
Banking institutions generally may submit sub­
scriptions for account of customers, but only the
Federal Reserve Banks and the Treasury Depart­
ment are authorized to act as official agencies.
2. The Secretary of the Treasury reserves the
right to reject or reduce any subscription, to close
the books as to any or all subscriptions at any time
without notice, and to allot less than the amount of
bonds applied fo r ; and any action he may take in
these respects shall be final. Subject to these reser­
vations, all subscriptions will be allotted in full.
Allotment notices will be sent out promptly upon
allotment.
IV .

PAYMENT

1.
Payment at par for bonds allotted hereunder
must be made on or before February 15,1954, or on
later allotment, and may be made only in the se­
curities of the five issues enumerated in Section I
hereof, which will be accepted at par, and should
accompany the subscription. The full amount of
interest due on the maturing certificates surren­

dered will be paid following acceptance o f the
certificates. Coupons dated March 15, 1954 must be
attached to the notes when surrendered, and ac­
crued interest from September 15, 1953 to Febru­
ary 15, 1954 ($5.81146 per $1,000) will be paid
following acceptance o f the notes. Coupons dated
June 15, 1954 must be attached to coupon bonds
o f each of the three eligible issues when surren­
dered, and accrued interest from December 15,1953
to February 15, 1954 ($3.40659 per $1,000 in the
case o f the 2 percent bonds and $3.83242 per $1,000
in the case o f the 2*4 percent bonds) will be paid
following acceptance o f the bonds. In the case of
registered bonds, accrued interest from December
15,1953 to February 15,1954 will be paid by check
drawn in accordance with the assignments on the
bonds surrendered, or by credit in any account
maintained by a banking institution with the
Federal Reserve Bank o f its district.
V.

ASSIGNMENT OF REGISTERED BONDS

1.
Treasury Bonds o f the three eligible issues in
registered form tendered in payment for bonds
offered hereunder should be assigned by the regis­
tered payees or assignees thereof to ‘ ‘ The Secretary
o f the Treasury for exchange for 2 ^ percent




Treasury Bonds o f 1961 to be delivered to
.........................................” , in accordance with the
general regulations of the Treasury Department
governing assignments for transfer or exchange,
and thereafter should be presented and surrendered
with the subscription to a Federal Reserve Bank or
Branch or to the Office o f the Treasurer of the
United States, Washington. The bonds must be
delivered at the expense and risk of the holders.
VI.

GENERAL PROVISIONS

1. As fiscal agents of 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 Secre­
tary of the Treasury to the Federal Reserve Banks
o f the respective Districts, to issue allotment
notices, to receive payment for bonds allotted, to
make delivery of bonds on full-paid subscriptions
allotted, and they may issue interim receipts pend­
ing delivery of the definitive bonds.
2. The Secretary of 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 promptly to
the Federal Reserve Banks.
G. M. HUMPHREY,
Secretary of the Treasury.

Federal Reserve Bank
of New York

NON-NEGOTIABLE RECEIPT

No.
Date.

TO.

Receipt is acknowledged of
$.....................

(N o te :

I f the securities you subscribed for are to be delivered at the
Federal R esen'c Bank of N ew Y ork over the counter to your
representative, the follow ing authority should be executed.)

par amount of
□ 2'A% CERT. OF IND. SERIES A-1954
□ 1% % TREAS. NOTES SERIES A-1954
2% TREAS. BONDS 1952/54 (JUNE)
□
□ 2^4% TREAS. BONDS 1952/55
□ 2'A % TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of

F ed e ra l R eserve B a n k o f N e w Y o r k :
Y ou a r e h e r e b y a u t h o r iz e d t o d e liv e r t o

(Name of representative)
w h o s e s i g n a t u r e a p p e a r s b e l o w $ ---------------- ---------- ------------p a r a m o u n t o f t h e
s e c u r it i e s i s s u e d in e x c h a n g e f o r t h e s e c u r it i e s c o v e r e d b y t h is r e c e ip t .

□ 1% % TREAS. CERT. OF IND. SERIES A-1955
□ 2i/2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

http://fraser.stlouisfed.org/
Teller
Federal Reserve Bank of St. Louis

N a m e ............................................................................—

(Please print)

(Official signature required)

(Signature of authorized representative)

SECURITY FILES DUE CUSTOMERS OUT

No..

Date.

Receipt is acknowledged of

par amount of
□ 214% CERT. OF IND. SERIES A-1954
□ 1%% TREAS. NOTES SERIES A-1954
□

2% TREAS. BONDS 1952/54 (JUNE)

□ 2y4% TREAS. BONDS 1952/55
□ 2Vi% TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of
□

1% % TREAS. CERT. OF IND. SERIES A-1955

□ 2y2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

r


http://fraser.stlouisfed.org/ Teller
Federal Reserve Bank of St. Louis

2

Federal Reserve Bank
of Mew Yqdm

r
ACKNOWLEDGMENT OF EXCHANGE SUBSCRIPTION
(Security Files Record)
Date

TO.
\
Receipt is acknowledged of

par amount of
□ 2% % CERT. OF IND. SERIES A-1954
□ 1%% TREAS. NOTES SERIES A-1954
□

2% TREAS. BONDS 1952/54 (JUNE)

□ 2V£% TREAS. BONDS 1952/55
□ 21/4% TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of
□

1% % TREAS. CERT. OF IND. SERIES A-1955

□ 2i/2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

http://fraser.stlouisfed.org/ Teller
Federal Reserve Bank of St. Louis

I

SECURITY FILES DUE CUSTOMERS

.-*4

Receipt is acknowledged of

par amount of
□ 2*4% CERT. OF IND. SERIES A-1954
□ 1%% TREAS. NOTES SERIES A-1954
□
2% TREAS. BONDS 1952/54 (JUNE)
□ 2V£% TREAS. BONDS 1952/55
□
TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of
□ 1% % TREAS. CERT. OF IND. SERIES A-1955
□ 2% % TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

http://fraser.stlouisfed.org/ Teller
Federal Reserve Bank of St. Louis

Federal Reserve Bank
o f New York

NON-NEGOTIABLE RECEIPT

No.

TO.

Date.

Receipt is acknowledged of

(N o te :

I f the securities you subscribed for are to be delivered at the
Federal Reserve Bank of N ew York over the counter to your
representative, the following authority should be executed.)

par amount of
□ 2 14 % CERT. OF IND. SERIES A-1954
□ 1%% TREAS. NOTES SERIES A-1954
0

F ederal R eserve B a n k of N e w

Y ork:

Y o u a r e h e r e b y a u t h o r iz e d t o d e liv e r to

2% TREAS. BONDS 1952/54 (JUNE)

□ 2y4% TREAS. BONDS 1952/55
□ 2 14 % TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of

(N a m e o f representative)

whose signature appears below $.....................................par amount o f the
securities issued in exchange for the securities covered by this receipt.

□ 1% % TREAS. CERT. OF IND. SERIES A-1955
□ 2 14 % TREAS. BONDS 1961

Name...................................................................... ...................................................
(P le a se prin t)

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

Teller


(Official signature required)

(Signature of authorized representative)

RELEASE OF PENDING TICKET
(for Security Files)

No.
Date......

Receipt is acknowledged of
* . ...............................................
par amount of
Q 214 % CERT. OF IND. SERIES A-1954
Q l% % TREAS. NOTES SERIES A-1954
Q
2% TREAS. BONDS 1952/54 (JUNE)
Q 2y4% TREAS. BONDS 1952/55
Q 214% TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of
Q 1% % TREAS. CERT. OF IND. SERIES A-1955
□ 2y2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

http://fraser.stlouisfed.org/ Teller
Federal Reserve Bank of St. Louis

Federal Reserve Bank
of New York

^

ACKNOWLEDGMENT OF EXCHANGE SUBSCRIPTION
(Security Files Record)

TO............................................................................

No.
Date......................................... *

Receipt is acknowledged of
$ . ..........................................
par amount of
Q 2% % CERT. OF IND. SERIES A-1954
□ 1%% TREAS. NOTES SERIES A-1954
0
□ 2

2% TREAS. BONDS 1952/54 (JUNE)
TREAS. BONDS 1952/55

0 21/4% TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of
O 1% % TREAS. CERT. OF IND. SERIES A-1955
0 2i/2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section



3

CONTROL TICKET
(for Records Section)

Date......

TO.

Receipt is acknowledged of

$-•-...........................................
par amount of
□ 2y4% CERT. OF IND. SERIES A-1954
□ 1% % TREAS. NOTES SERIES A-1954
B

2% TREAS. BONDS 1952/54 (JUNE)

□ 2y4% TREAS. BONDS 1952/55
0

No.

2y4% TREAS. BONDS 1954/56

tendered in payment of your exchange subscription
for a like par amount of
Q 1%% TREAS. CERT. OF IND. SERIES A-1955
0 2y2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

http://fraser.stlouisfed.org/ Teller
Federal Reserve Bank of St. Louis

O

DUE CUSTOMERS— PENDING TICK
(for Security Files)

0m*-

Receipt is acknowledged of

...........................................
par amount of
Q 2y4% CERT. OF IND. SERIES A-1954
□ 1%% TREAS. NOTES SERIES A-1954
Q
2% TREAS. BONDS 1952/54 (JUNE)
□ 2% % TREAS. BONDS 1952/55
ffl 2V4% TREAS. BONDS 1954/56
tendered in payment of your exchange subscription
for a like par amount of
Q 1%% TREAS. CERT. OF IND. SERIES A-1955
□ 2i/2% TREAS. BONDS 1961
FEDERAL RESERVE BANK OF NEW YORK
Fiscal Agent of the United States
Government Bond Department
Issues and Redemption Section

http://fraser.stlouisfed.org/ Teller
Federal Reserve Bank of St. Louis

4

(SUBMIT W ITH DUPLICATE W HITE COPY—ES-C 2)
Subscriber'a Reference No.
ES-C 1

Subscription Number

United States of America 2 % percent Treasury Certificates of Indebtedness o f Series A-1954,
maturing February 15, 1954, or 1 % percent Treasury Notes of Series A -1954, maturing
March 15, 1954, must be tendered in payment for this subscription.

EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS
OF SERIES A-1955, DATED FEBRUARY 15, 1954, DUE FEBRUARY 15, 1955
Im p orta nt Inwtructiona
1.

2.
F

Please use separate subscription form:
a. For each issue surrendered in exchange.
For each group o f securities for which different delivery instructions are given.
Coupons due March IS, 1954 must be attached to the notes surrendered.

ederal

R e serve B a n k

op

New Y

ork,

Dated at

Fiscal Agent of the United States,
Federal Reserve P. 0. Station,
New York 45, N. Y.

.1954

Attention Government Bond Department— 2nd Floor
D

ear

S ir s :

Subject to the provisions o f Treasury Department Circular No. 938, dated February 1, 1954, the undersigned hereby
subscribes for United States of America 1% percent Treasury Certificates of Indebtedness of Series A-1955, as stated below:
For own account................................................................................................................................
$.......
For our customers (for use of banking institutions) as shown on reverse side of this form

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

,
Total subscription...................................................... ...
Jj&lid tenders in payment therefor a like par amount of the issue checked below:

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

^onlyj^use*
separate form

d

Certificates o f Indebtedness due February 15, 1954

lurrTndere'd)

^

Treasury Notes due March 15, 1954

Delivered to you herewith.........................................................................................................

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

To be withdrawn from securities held by you...................................................................... $...............................
To be delivered b y ....................................................................................................................
$.
Pay accrued interest to February 15, 1954 on securities surrendered as follows:
□ By check
□ By credit to our reserve account
SECURITIES SURRENDERED
eces

Denomi­
nation
$

CERTIFICATES DESIRED IN EXCHANGE

List o f serial numbers
(I f insufficient space,
use back of form)

Face amount

Denomi­
nation

Pieces

] ,000

$

5,000

Face amount

(Leave this space blank)

1,000

5,000
10,000

100,000

100,000

1,000,000

1,000,000

TOTAL

TO T A L

Dispose of securities issued, as follows:
] 1. Deliver over the counter to the undersigned
] 2. Hold in safekeeping (for member bank only)
] 3. Hold as collateral for Treasury Tax and Loan Account

□ 4. Ship to the undersigned
□ 5. Special instructions:

(IM P O R T A 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.)

ie undersigned hereby certifies that the securities to be
iposed o f as indicated in item 2 or 3 above are the
le property o f the undersigned.
Submitted by

The subscription books will
close at the close of business
February 3, 1954.

(Please print)

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

(Official signature required)

(Title)

Address
(Spaces below are for the use o f the Federal Reserve Bank o f New York)
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 ecord

Received

Counted

Received

Checked

Checked

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

Checked
and
delivered

CERTIFICATES ISSUED IN EXCHANGE
ption N o.......................................................................
Pieces
6 percent Treasury Certificates o f Indebtedness of
jries A -l
issued in exchange.

Denomi­
nation
1,000

5,000
10,000

DELIVERY COMPLETED




100,000
1 , 000,000

TO T A L

Face amount

Numbers

DENOMINATIONS AND SERIAL NUMBERS OF SECURITIES SURRENDERED

List of customers included in the foregoing subscription
( L e a v e this
sp a ce blank)

Amount Subscribed




Name of Customer

Address

( P le a s e prin t o r ty p e w r ite )

*

i

,

- L -

.....

.......

ES-C 2

(DUPLICATE COPY FOR USE OF FEDERAL RESERVE BANK OF NEW YORK)
Subscriber ’ b Reference N o.

Subscription Number

United States of America 2 Vi percent Treasury Certificates of Indebtedness of Series A-1954,
maturing February 15, 1954, or 1 % percent Treasury Notes of Series A -1954, maturing
March 15, 1954, must be tendered in payment for this subscription.

EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS
OF SERIES A-1955, DATED FEBRUARY 15, 1954, DUE FEBRUARY 15, 1955
Im p o rta n t Inatructiona
1.

2.
F

Please use separate subscription form:
a. For each issue surrendered in exchange.
b. For each group o f securities for which different delivery instructions are given.
Coupons due March IS , 1954 must be attached to the notes surrendered.

ederal

R

eserve

Bank

of

New Y

ork,

Dated at

Fiscal Agent of the United States,
Federal Reserve P. 0. Station,
New York 45, N. Y.

.1954

Attention Government Bond Department— 2nd Floor
D

ear

Sir s :

Subject to the provisions of Treasury Department Circular No. 938, dated February 1, 1954, the undersigned hereby
subscribes for United States of America 1% percent Treasury Certificates of Indebtedness of Series A-1955, as stated below:
For own account................................................................................................................................
$...............................
For our customers (for use of banking institutions) as shown on reverse side of this form

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

Total subscription..........................................................
and tenders in payment therefor a like par amount of the issue checked below:

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

^bnlyj'use*

□ 2% % Certificates of Indebtedness due February 15, 1954

separate form
surrendered)

^ 1% % Treasury Notes due March 15, 1954

- - ........ Delivered to you herewith.............................................* . ........................................................ $...............................
To be withdrawn from securities held by you...................................................................... $...............................
To be delivered b y ..................................................................................................................... $...............................
Pay accrued interest to February 15, 1954 on securities surrendered as follows:
□ By check
□ By credit to our reserve account
SECURITIES SURRENDERED
Denomi­
nation

ieces
$

CERTIFICATES DESIRED IN EXCHANGE

List o f serial numbers
( I f insufficient space,
use back o f form )

Face amount

Denomi­
nation

Pieces
$

1,000

Face amount

(Leave this space blank)

1,000

5,000

5,000

10,000

10,000

1,000,000

1,000,000

TOTAL

TOTAL

Dis pose of securities issued, as follows :
Deliver over the counter to the undersigned
□ 2! Hold in safekeeping (for member bank only)
□ 3- Hold as collateral for Treasury Tax and Loan Account
The undersigned hereby certifies that the securities to be
disposed o f as indicated in item 2 or 3 above are the
sole property o f the undersigned.

4. Ship to the undersigned
5. Special instructions:

□
□

(IM P O R T A 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.)

Submitted by

The subscription books will
close at the close of business
February 3, 1954.

(Please print)

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

(Title)

(Official signature required)

Address
(Spaces below are for the use o f the Federal Reserve Bank of New York)
G o v e r n me n t B o n d

V a u l t R ecord

Received

Counted

Checked

Checked

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

Received from F e d k e a l R e s k e v e B a n k o f N e w Y
States obligations in the amount subscribed for.

ork

the above described United

Checked
and
delivered

CERTIFICATES ISSUED IN EXCHANGE
Subscription No.
Pieces
1 % percent Treasury Certificates o f Indebtedness o f
Series A-1955, issued in exchange.




Denomi­
nation
$

1,000
5,000
10,000
100,000

1,000,000
TO T A L

Face amount

Numbers

DENOMINATIONS AND SERIAL NUMBERS OP SECURITIES SURRENDERED

List o f customers included in the foregoing subscription
( L eave this
space blank)

Amount Subscribed




Name of Customer
( Please p nn t or typewrite)

Address

(SUBMIT W ITH DUPLICATE W HITE COPY—ES-B2)
■Subscriber’s Reference No.
ES-B 1

Im p orta n t ln .tru ctio n $

Subscription Number

EXCHANGE SUBSCRIPTION
2
For United States of America 2l/ Percent Treasury Bonds of 1961
Dated February 15, 1954, Due November 15, 1961

1.

Please use separate subscription form:
a. For each issue surrendered in exchange.
b. For coupon bonds and for registered bonds subscribed for or surrendered.
c> For each group of securities for which different delivery instructions are given.
couponf du* June 15, 1954, and subsequent bond coupons, and note coupons due March 15. 1954, must be attached
to tne securities surrendered.
3. Assignment forms on registered bonds surrendered should be executed as follow s:
a’ *f * ouP °n bonds are desired, the assignment should be to “ The Secretary of the Treasury for exchange for
2 } a percent Treasury Bonds of 1961 to be delivered t o ....................................” j
cneW bonds are desired registered in the same name as the bonds surrendered, the assignment should be to
Secretary of the Treasury for exchange for 2}jj percent Treasury Bonds of 1961” ; and
c. If the new bonds are desired registered in another name, the assignment should be to “ The Secretary of the
Treasury for exchange for 2}& percent Treasury Bonds of 1961 in the name o f ..................................... ”
F ed eral R eserve B a n k op 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.
D e a r S ir s
Attention Government Bond Department—2nd Floor

.1954

Subject to the provisions o f Treasury Department Circular No. 939, dated February 1, 1954, the undersigned hereby
subscribes for United States o f America 2y2 percent Treasury Bonds of 1961, as follows:
□ In coupon form
Q In registered form
For own account1 ..........................................................................................................................
$...............................
For our customers (for use o f banking institutions) 1>2............................................................

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

1 (I f registered bonds are requested, list forms of registration on reverse side.)
2 (I f coupon bonds are requested for account of customers, list customers on reverse side.)

Total subscription..........................................................
and tenders in payment therefor a like par amount of the issue checked below:
□
Certificates of Indebtedness due February 15, 1954
(Check one
□ 1% % Treasury Notes due March 15, 1954
only; use
separate form □
2% Treasury Bonds of June 15, 1952-54
for each issue
□ 21/4% Treasury Bonds of June 15, 1952-55
surrendered)
□ 2V4% Treasury Bonds of June 15, 1954-56
Delivered to you herewith.........................................................................................................

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

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

To be withdrawn from securities held by you...................................................................... $...............................
To be delivered b y ....................................................................................................................
$...............................
Pay accrued interest to February 15, 1954 on securities surrendered as follows:
□ By check
Q By credit to our reserve account
COUPON BONDS DESIRED IN EXCHANGE

SECURITIES SURRENDERED
( L is t serial num bers on r e v erse sid e)

Denomi­
nation

Face amount

( U s e schedule on r e v e rs e side f o r registered bonds)

Pieces

(Leave this space blank)

Denomi­
nation

Face amount

(Leave this space blank)

50

X

X

X

X

100

X

X

X

X

$

500

500

1,000

1,000

5,000

5,000

10,000

10,000

100,000

100,000

1, 000,000

1,000,000

TOTAL

TO T A L

□ 4. Ship to the undersigned
□ 5. Special instructions:

Dispose of securities issued, as follows:
□ 1. Deliver over the counter to the undersigned
□ 2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account

(IM P O R T A 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.)
__________________________

- T h 7 undersigned hereby certifies that the securities to be
disposed o f as indicated in item 2 or 3 above are the
sole property of the undersigned.___________________________
Submitted by

The subscription books will
close at the close of business
February 3, 1954.

(Please print)

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

(Title)

(Official signature required)

Address
(Spaces below are for the use of the Federal Reserve Bank of New York)
Government B on d

V ault R ecoed

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

Received

Counted

Received

Checked

Checked

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

Checked
and
delivered

COUPON BONDS ISSUED IN EXCHANGE
Subscription No.
Pieces
2%

percent

Treasury

Bonds o f

1961, issued

in

Denomi­
nation
$

Face amount

Numbers

500

exchange.
1,000
5,000
10,000
D ELIVERY COMPLETED




100,000
1,000,000
TOTAL

---------------------------------------------------

List of Customers Included in this Subscription for Coupon Bonds
(L ta v t this
tpact blank)

Amount Subscribed




Name of Customer

Address

( P l t a t e print o r typew rit» )

Denominations and Serial Numbers of Securities Surrendered

f | iqeiQ

(For use of Federal Reserve Bank of New York)

Denominations and Serial Numbers o f Bonds Registered

ES-B 2

(DUPLICATE COPY FOR USE OF FEDERAL RESERVE BANK OF NEW YORK)
Subscriber’ s Reference No.
rc D .

Q .

________

. ..

XT

u

Subscription Number

ES B 2

EXCHANGE SUBSCRIPTION
For United States of America 2]/2 Percent Treasury Bonds of 1961
Dated February 15, 1954, Due November 15, 1961
Important Induction.
I.

Please use separate subscription form :
a* For each issue surrendered in exchange.
p ° r couP °n b ° nds and for registered bonds subscribed for or surrendered.
r
> j °
r e®
8rouP of securities for which different delivery instructions are given,

„

to the securities surrendered
3.

15’ 1954’ a" d •ub#equent bond couP °“ *> »*«d note coupons due March 15, 1954, must be attached

Assignment forms on registered bonds surrendered should be executed as follows:
* ' J c o u P ° n b° nd* * r® desired, the assignment should be to “ The Secretary of the Treasury for exchange for
2
percent Treasury Bonds of 1961 to be delivered t o ...................................
« t l c“ eW b o n d ,_ar® d®*««-ed registered in the same name as the bonds surrendered, the assignment should be to
in e Secretary of the Treasury for exchange for 2J4 percent Treasury Bonds o f 1961” ; and
c. If the new bonds are desired registered in another name, the assignment should be to “ The Secretary of the
treasury for exchange for
percent Treasury Bonds o f 1961 in the name o f ..................................... ”

R e serve B a n k of N e w Y o r k ,
Dated at
Fiscal Agent o f the United States,
....................................................................
Federal Reserve P. 0 . Station,
iqki
New York 45, N. Y.
.............................................................................
D e a b SmsAttention Government Bond Department— 2nd Floor
F

ederal

Subject to the provisions o f Treasury Department Circular No. 939, dated February 1, 1954, the undersigned hereby
subscribes for United States o f America 2y2 percent Treasury Bonds of 1961, as follows:
□
In coupon form
□ In registered form
For own account1 ......................................................................................................................
$
For our customers (for use o f banking institutions) 1
>2............................................................
1 (If registered bonds are requested, list forms of registration on reverse side.)

2 (I f coupon bonds are requested for account of customers, list customers on reverse side.)

Total subscription..........................................................
and tenders in payment therefor a like par amount of the issue checked below:
□ 2y±% Certificates of Indebtedness due February 15, 1954
(Check one
□ 1% % Treasury Notes due March 15, 1954
only; use
separate form □
2% Treasury Bonds of June 15, 1952-54
for each issue
□ 2y±°fo Treasury Bonds of June 15, 1952-55
surrendered)
□ 2!/4% Treasury Bonds of June 15, 1954-56
Delivered to you herewith............................................................ ............................................
To be withdrawn from securities held by you......................................................................
To be delivered b y .....................................................................................................................
Pay accrued interest to February 15, 1954 on securities surrendered as follows:
□ By check
Q By credit to our reserve account
SECURITIES SURRENDERED

COUPON BONDS DESIRED IN EXCHANGE

( L is t serial num bers on r e v e rs e sid e)

eces

Denomi­
nation
$

Face amount

( U s e schedule on r e v erse side f o r registered bond s)

Pieces

(Leave this space blank)

Denomi­
nation

Face amount

(Leave this space blank)

50

X

X

X

X

100

X

X

X

X

500

$

500

1,000

1,000

5,000

5,000

10,000

10,000

100,000

100,000

1,000,000

1,000,000
TO T A L

TOTAL

Dispose of securities issued, as follows:
1. Deliver over the counter to the undersigned
2. Hold in safekeeping (for member bank only)
3. Hold as collateral for Treasury Tax and Loan Account

□ 4. Ship to the undersigned
□ 5. Special instructions:

(IM P O R T A 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 hereby certifies that the securities to be
disposed o f as indicated in item 2 or 3 above are the
•ole property of the undersigned.___________________________
Submitted by

The subscription books will
close at the close of business
February 3, 1954.

(P le a se prin t)

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

(T itle )

(O fficia l signature required)

Address
(Spaces below are for the use o f the Federal Reserve Bank o f New York)
Go 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 ecord

Received

Counted

Received

Checked

Checked

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

Checked
and
delivered

COUPON BONDS ISSUED IN EXCHANGE
Subscription No.
Pieces
2
percent
exchange.

Treasury

Bonds




of

1961,

issued

in

Denomi­
nation
500

1,000

5,000
10,000
100,000

1 ,000,000
TOTAL

Face amount

Numbers

Schedule for Issue of Registered Bonds
Indicate under appropriate denominations, number of bonds desired.

Name In which bond* shall b« registered, and post-offict
address (or Interest checks and maU.
( P h a se print or typewrite)

Amount

1500

|I,000

95,000

f 10,000

9100,000

91.000.0C

•

List of Customers Included in this Subscription for Coupon Bonds
IpMbhnk)

Amount Subscribed




Name of Customer

Address

(P le a s e p rin t or ty p ew rite)

.....

Denominations and Serial Numbers of Securities Surrendered

(For use of Federal Reserve Bank of New York)

Denominations and Serial Numbers of Bonds Registered
..............................

-