2 Percent Treasury Notes of Series C-1940

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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States

Circular No. 1 6 1 5 1
December 2, 1935 J

Offering of United States of America 234 Percent Treasury Bonds of 1945-47
ADDITIONAL ISSUE
Dated and bearing interest from September 16,1935

Due September 15,1947

REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST ON AND AFTER SEPTEMBER 1 5 , 1 9 4 5

Interest payable March 15 and September 15
(The amount of the offering is $450,000,000, or thereabouts, with the right reserved to the Secretary of the Treasury to increase
the offering by an amount sufficient to accept all subscriptions for which Treasury Notes of Series D-1935, maturing
December 15, 1935, are tendered in payment and accepted.)

Offering of United States of America W2 Percent Treasury Notes of Series C-1940
Dated and bearing interest from December 16, 1935
Due December 15, 1940
Interest payable June 15 and December IS
(The amount of the offering is $450,000,000, or thereabouts, with the right reserved to the Secretary of the Treasury to increase
the offering by an amount sufficient to accept all subscriptions for which Treasury Notes of Series D-1935, maturing
December 15, 1935, are tendered in payment and accepted.)

To all Banks and Others Concerned in the
Second Federal Reserve District:

Secretary of the Treasury Morgenthau today announced an offering of 2% percent
Treasury Bonds of 1945-47, additional issue, and an offering of l1/^ percent Treasury Notes
of Series C-1940, maturing December 15, 1940, each offering for cash and in exchange for
Treasury Notes of Series D-1935, maturing December 15, 1935. The terms of these offerings
are set forth respectively in Treasury Department circulars Nos. 555 and 556 dated December 2, 1935, copies of which are printed on the following pages.
It will be noted from Treasury circulars Nos. 555 and 556 that cash subscriptions from
incorporated banks and trust companies for their own account will be received without deposit
but will be restricted, in each case under each offering to an amount not exceeding one-half of
the combined capital and surplus of the subscribing bank or trust company. Cash subscriptions from all others to each offering must be accompanied, if for more than $5,000, by pay
ment of $5,000 or 5 percent of the amount of bonds or notes applied for, whichever is the
greater; and, if for $5,000 or less, by payment in full, including accrued interest from September 16 to December 16, 1935, on the 2% percent bonds applied for.
It will also be noted from these circulars that if payment of the bonds and/or notes applied
for is to be made in Treasury Notes of Series D-1935, maturing December 15, 1935, such
notes tendered in payment will be accepted at par and should accompany the subscription and
that, on the 2% percent bonds allotted, accrued interest from September 16 to December 16,
1935 should be paid in cash on or before December 16, 1935.
The subscription books for these offerings are now open, and applications will be received
by this bank as fiscal agent of the United States. Subscriptions should be made on subscription forms and mailed immediately, or if made by telegram or letter, should be confirmed
on subscription forms. Such telegrams or letters should indicate whether the subscriptions
are cash subscriptions or exchange subscriptions. Where such telegraphic or letter subscription is made by a bank, the telegram or letter should contain a complete classification of
the subscriptions, if any, for the customers of the subscribing bank as provided for in the
subscription form.

GEORGE L.

•>

HARRISON,

Governor.

UNITED STATES OF AMERICA
2% PERCENT TREASURY BONDS OF 194547
Dated and bearing interest from September 16, 1935

Due September 15, 1947

REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST ON AND AFTER
SEPTEMBER 15, 1945
Interest payable March 15 and September 15

ADDITIONAL ISSUE
1935

TREASURY DEPARTMENT,

Department Circular No. SSS
OFFICE OF THE SECRETARY,

Public D.bts.rvice

Washington, December 2,1935.
I. OFFERING OF BONDS
1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act,
approved September 24, 1917, as amended, invites subscriptions, at par and accrued interest from
September 16, 1935, from the people of the United States for 2% percent bonds of the United States,
designated Treasury Bonds of 1945-47. The amount of the offering is $450,000,000, or thereabouts, with
the right reserved to the Secretary of the Treasury to increase the offering by an amount sufficient to
accept all subscriptions for which Treasury Notes of Series D-1935, maturing December 15, 1935, are
tendered in payment and accepted.
II. DESCRIPTION OF BONDS
1. The bonds now offered will be an addition to and will form a part of the series of 2% percent
Treasury Bonds of 1945-47 issued pursuant to Department Circular No. 550, dated September 3, 1935,
will be freely interchangeable therewith, are identical in all respects therewith, and are described in the
following quotation from Department Circular No. 550:
"The bonds will be dated September 16, 1935, and will bear interest from that date at the rate
of 2% percent per annum, payable on a semiannual basis on March 15 and September 15 in each
year until the principal amount becomes payable. They will mature September 15, 1947, but may
be redeemed at the option of the United States on and after September 15, 1945, in whole or in part,
at par and accrued interest, on any interest day or days, on 4 months' notice of redemption given
in such manner as the Secretary of the Treasury shall prescribe. In case of partial redemption the
bonds to be redeemed will be determined by such method as may be prescribed by the Secretary of
the Treasury. From the date of redemption designated in any such notice, interest on the bonds
called for redemption shall cease.
"The bonds shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by
any local taxing authority, except (a) estate or inheritance taxes, or gift taxes, and (b) graduated
additional income taxes, commonly known as surtaxes, and excess-profits and war-profits taxes, now
or hereafter imposed by the United States, upon the income or profits of individuals, partnerships,
associations, or corporations. The interest on an amount of bonds authorized by the Second Liberty
Bond Act, approved September 24, 1917, as amended, the principal of which does not exceed in the
aggregate $5,000, owned by any individual, partnership, association, or corporation, shall be exempt
from the taxes provided for in clause (b) above.
"The bonds will be acceptable to secure deposits of public moneys, but will not bear the circulation privilege and will not be entitled to any privilege of conversion.
"Bearer bonds with interest coupons attached, and bonds registered as to principal and interest,
will be issued in denominations of $50, $100, $500, $1,000, $5,000, $10,000 and $100,000. Provision
will be made for the interchange of bonds of different denominations and of coupon and registered
bonds, and for the transfer of registered bonds, under rules and regulations prescribed by the Secretary of the Treasury.
"The bonds will be subject to the general regulations of the Treasury Department, now or
hereafter prescribed, governing United States bonds."

III. SUBSCRIPTION AND ALLOTMENT
1. Subscriptions will be received at the Federal Reserve banks and branches and at the Treasury
Department, Washington. Banking institutions generally will handle applications for subscribers, but
only the Federal Reserve banks and the Treasury Department are authorized to act as official agencies.
Cash subscriptions from incorporated banks and trust companies for their own account will be received
without deposit but will be restricted in each case to an amount not exceeding one-half of the -combined
capital and surplus of the subscribing bank or trust company. Cash subscriptions from all others must
be accompanied, if for more than $5,000, by payment of $5,000 or 5 percent of the amount of bonds
applied for, whichever is the greater; and, if for $5,000 or less, by payment in full including accrued
interest from September 16 to December 16, 1935, on the bonds applied for. The Secretary of the Treasury reserves the right to close the books as to any or all subscriptions or classes of subscriptions at any
time without notice.
2. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part,
to allot less than the amount of bonds applied for, to make allotments in full upon applications for
smaller amounts and to make reduced allotments upon, or to reject, applications for larger amounts, or
to adopt any or all of said methods or such other methods of allotment and classification of allotments as
shall be deemed by him to be in the public interest; and his action in any or all of these respects shall
be final. Subject to these reservations, cash subscriptions for amounts up to and including $5,000 will be
given preferred allotment, and cash subscriptions for amounts over $5,000 will be allotted on an equal
percentage basis, but not less than the maximum preferred allotment; and subscriptions in payment of
which Treasury Notes of Series D-1935 are tendered will be allotted in full. Allotment notices will be
sent out promptly upon allotment, and the basis of the allotment will be publicly announced.
IV. PAYMENT
1. Payment at par and accrued interest from September 16, 1935, for bonds allotted on cash subscriptions must be made or completed on or before December 16, 1935, or on later allotment. In every
case where payment is not so completed, the payment with application up to 5 percent of the amount of
bonds applied for shall, upon declaration made by the Secretary of the Treasury in his discretion, be
forfeited to the United States. Any qualified depositary will be permitted to make payment by credit
for bonds allotted to it for itself and its customers up to any amount for which it shall be qualified in
excess of existing deposits, when so notified by the Federal Reserve bank of its district. If payment is
to be made in Treasury Notes of Series D-1935, maturing December 15, 1935, the notes will be accepted
at par and should accompany the subscription, and accrued interest from September 16 to December 16,
1935, on the bonds allotted should be paid in cash on or before December 16, 1935. Accrued interest at
2% percent from September 16, 1935, to December 16, 1935, on $1,000 face amount is $6,875.
V. 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 Secretary
of the Treasury to the Federal Reserve banks of 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 pending 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.

HENRY MORGENTHAU, J R . ,
Secretary of the Treasury.

UNITED STATES OF AMERICA

iy 2 PERCENT TREASURY NOTES OF SERIES C-1940
Dated and bearing interest from December 16, 1935
Due December 15, 1940
Interest payable June 15 and December 15

Department Circular No. SS6

Public Debt service

TREASURY DEPARTMENT,
_
_,
OFFICE OF T H E SECRETARY,

Washington, December 2,1935.

I. OFFERING OF NOTES
1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act,
approved September 24, 1917, as amended, invites subscriptions, at par and accrued interest, from the
people of the United States for iy2 percent notes of the United States, designated Treasury Notes of Series
C-1940. The amount of the offering is $450,000,000, or thereabouts, with the right reserved to the Secretary of the Treasury to increase the offering by an amount sufficient to accept all subscriptions for which
Treasury Notes of Series D-1935, maturing December 15, 1935, are tendered in payment and accepted.
II. DESCRIPTION OF NOTES
1. The notes will be dated December 16, 1935, and will bear interest from that date at the rate
of \y% percent per annum, payable on a semiannual basis on June 15 and December 15 in each year.
They will mature December 15, 1940, and will not be subject to call for redemption prior to maturity.
2. The notes shall be exempt, both as to principal and interest, from all taxation (except estate
or inheritance taxes, or gift taxes) now or hereafter imposed by the United States, any State, or any of
the possessions of the United States, or by any local taxing authority.
3. The notes will be accepted at par during such time and under such rules and regulations as shall
be prescribed or approved by the Secretary of the Treasury in payment of income and profits taxes payable at the maturity of the notes.
4. The notes will be acceptable to secure deposits of public moneys, but will not bear the circulation privilege.
5. Bearer notes with interest coupons attached will be issued in denominations of $100, $500,
$1,000, $5,000, $10,000 and $100,000. The notes will not be issued in registered form.
III. SUBSCRIPTION AND ALLOTMENT
1. Subscriptions will be received at the Federal Reserve banks and branches and at the Treasury
Department, Washington. Banking institutions generally will handle applications for subscribers, but
only the Federal Reserve banks and the Treasury Department are authorized to act as official agencies.
Cash subscriptions from incorporated banks and trust companies for their own account will be received
without deposit but will be restricted in each case to an amount not exceeding one-half of the combined
capital and surplus of the subscribing bank or trust company. Cash subscriptions from all others must
be accompanied, if for more than $5,000, by payment of $5,000 or 5 percent of the amount of notes
applied for, whichever is the greater; and, if for $5,000 or less, by payment in full. The Secretary of
the Treasury reserves the right to close the books as to any or all subscriptions or classes of subscriptions
at any time without notice.
2. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part,
to allot less than the amount of notes applied for, to make allotments in full upon applications for
smaller amounts and to make reduced allotments upon, or to reject, applications for larger amounts, or
to adopt any or all of said methods or such other methods of allotment and classification of allotments
as shall be deemed by him to be in the public interest; and his action in any or all of these respects shall

be final. Subject to these reservations, cash subscriptions for amounts up to and including $5,000 will
be given preferred allotment, and cash subscriptions for amounts over $5,000 will be allotted on an equal
percentage basis, but not less than the maximum preferred allotment; and subscriptions in payment of
which Treasury Notes of Series D-1935 are tendered will be allotted in full. Allotment notices will be
sent out promptly upon allotment, and the basis of the allotment will be publicly announced.
IV. PAYMENT
1. Payment at par and accrued interest, if any, for notes allotted on cash subscriptions must be
made or completed on or before December 16, 1935, or on later allotment. In every case where payment
is not so completed, the payment with application up to 5 percent of the amount of notes applied for
shall, upon declaration made by the Secretary of the Treasury in his discretion, be forfeited to the United
States. Any qualified depositary will be permitted to make payment by credit for notes allotted to it for
itself and its customers up to any amount for which it shall be qualified in excess of existing deposits, when
so notified by the Federal Reserve bank of its district. Treasury Notes of Series D-1935, maturing December 15, 1935, will be accepted at par in payment for any notes subscribed for and allotted and such payment should be made when the subscription is tendered.
V. 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 Secretary
of the Treasury to the Federal Reserve banks of the respective districts, to issue allotment notices, to
receive payment for notes allotted, to make delivery of notes on full-paid subscriptions allotted, and they
may issue interim receipts pending delivery of the definitive notes.
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.

HENRY MORGENTHAU, J R . ,
Secretary of the Treasury.

BTC-B

Lot Number

Cash Subscription by Bank or Trust Company

Application Number

To United States Government Obligations
Described Below
Dated at..
.1935

Accrued interest at 2% percent from September 16, 1935, to December 16, 1935, on $1,000 face amount is $6,875.
FEDERAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 555, dated December 2, 1935, please enter
subscription as follows for

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1945-47
DATED SEPTEMBER 16, 1935
DUE SEPTEMBER 15, 1947
ADDITIONAL ISSUE
*For our own account (not classified below).. $
*For our customers (classified below)

—

Total Subscription

(To

SUBSCRIBER: DO

CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(For example: Class A —10 at $1,000)
not show on this form denominations of securities of this issue to be desired on allotment.)

CLASS A
Subscriptions of $1,000 and under
Amount
Number of
Leave Blank
of Each
Subscript's

CLASS Bl
Subscriptions over $1,000 to $5,000 Inclusive
Number of
Amount
Leave Blank
of Each
Subscript's

CLASS B2
Subscriptions over $5,000 to $10,000 Incl.
Number of
Amount
Leave Blank
Subscript's
of Each

CLASS C
Subscriptions over $10,000 to $50,000 Incl.
Number of
Amount
Leave Blank
Subscript's
of Each

CLASS E
CLASS D
Subscriptions over $50,000 to $100,000 Incl. Sub's over $100,000 to $500,000 Inclusive
Amount
Number of
Amount
Number of
Leave Blank Subscript's
Leave Blank
of Each
of Each
Subscript's

CLASS F
Sub's over $500,000 to $1,000,000 Inclusive
Amount
Number of
Leave Blank
of Each
Subscript's

CLASS G
Subscriptions of over $1,000,000
Number of 1 Amount
Leave Blank
Subscript's 1 of Each

We hereby certify that:
We have received applications from our customers in the amounts set opposite the customers' names on the
attached list, which is made a part of this subscription; we have received from each such customer, or hold his deposit
for, the full amount of his application if for $5,000 or less, and if for more than $5,000, we have received, or hold the
customer's deposit for, 5 percent of the full amount of his application, but not less than $5,000; and each such application, to the best of our knowledge and belief, is made in good faith for the customer's legitimate requirements and
we have no beneficial interest therein.
We agree, in consideration of the receipt by you of this subscription, to make payment in full for the entire
amount which may be allotted on this subscription, at par and accrued interest from September 16, 1935. Such payment will be made by the method indicated hereon.
By debit to our reserve account

By check

•

By credit to "War Loan Deposit Account
Before signing fill in all required spaces.

Bank or Trust Company...

TO SUBSGEIBEE:
Mark (X) in proper space
to indicate if this is:

Post Office Address.

•
•
•

Original subscription - - Confirmation of a telegram Confirmation of a letter • -

State.

Official signature required.

•NOTE:

Securities of this issue allotted to a qualified depositary for its own account may be paid for by credit to War Loan Deposit Account
and may also be deposited with Federal Reserve Bank of New York as collateral security for such Account.
Securities of this issue allotted to a qualified depositary for account of its customers may be paid for by credit to War Loan Deposit
Account, but may not be deposited with Federal Eeserve Bank of New York as collateral security for sueh Account without the written consent of the owners of such securities.
SPACES BELOW ABE FOE THE USE OF THE FEDEBAL EESEEVE BANK
Examined

Classified

Carded

Ledger

Government Deposit

Acknowleged

Disposition

TTnH

Allotment

Received

Figured

Checked

Advised

Recorded

Method of Payment

Window

Amount

Custody

Date Released

Mail

Other Departmenta

List of customers' applications included in the foregoing subscription
entered and certified by

_
(Name of bank or trust company)
Post office address

Name of Customer

Address

State.

Amount Subscribed

IBB

CASH SUBSCRIPTION

Lot Number

Application Number

BY OTHER THAN AN INCORPORATED BANK
OR TRUST COMPANY
To United States Government Obligations
Described Below
Dated at.

.1935

Applications, unless made by an incorporated bank or trust company, must be accompanied, if for more than
$5,000, by payment of $5,000 or 5 percent of the amount of bonds applied for, whichever is the greater; and, if for
$5,000 or less, by payment in full, including accrued interest from September 16 to December 16, 1935, on the bonds
applied for.
Accrued interest at 2% percent from September 16, 1935, to December 16, 1935, on $1,000 face amount is $6,875.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 555, dated December 2, 1935, please enter
our (my) subscription for $

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1945-47
DATED SEPTEMBER 16, 1935
DUE SEPTEMBER 15, 1947
ADDITIONAL ISSUE
We (I) agree, in consideration of the receipt by you of this subscription, to make payment in full for the entire
amount which may be allotted on this subscription, at par and accrued interest from September 16, 1935. If such,
payment is in excess of the amount deposited with this application the balance of the payment due you will be
made by (name)

in the manner indicated below:

By check

•

By cash

•

This is a confirmation of a previous subscription.
Write Yes
or
Write No

Subscriber
(Print name)

Sign here
(Official Signature Required)

Street address.
Town

State

SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
EXAMINED

CARDED

ACKNOW LtiUiiliD

Cl.AjSSlFIKD

Figured Checked Advised

Allotment

DISPOSITION

Payment

Deposit
Date

Keleaiwd

|i IVHB

By
—

By Cash
By Check
Drawn on

Check No.

lteveived

Clicked

in iciest

CLcckeil

itecuiUi-U

\> liiduw

Cualudy

Mail

EAB

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 2*4 Percent Treasury Notes of Series D-1935 Maturing December 15, 1935 Are
Tendered in Payment for Treasury Bonds to Be Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1945-47
Dated September 16, 1935

Due September 15, 1947

ADDITIONAL ISSUE

NOTE:

United States of America 2 }£ percent Treasury Notes of Series D-1935, tendered in exchange should be presented and surrendered with this exchange subscription, except that if payment is to be made by such notes now held for the subscriber's account
by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided below.
If registered Treasury securities of this series are desired in exchange for Treasury Notes of Series D-1935 presented and surrendered the required necessary instructions must be given in spaces provided on the reverse side of this form.
Subscriptions for which Treasury Notes of Series D-1935 are tendered in payment and accepted will be allotted in full.

Accrued interest from September 16 to December 16, 1935, on the bonds allotted should be paid in cash on or before
December 16, 1935. Accrued interest at 2% percent from September 16, 1935, to December 16, 1935, on $1,000 face amount
is $6,875.
Dated at.
FEDERAL RESERVE BAXK OF NEW YORK,

1935

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS :

Pursuant to the provisions of Treasury Department Circular No. 555, dated December 2, 1935, the undersigned tenders
herewith in exchange for United States of America 2% percent Treasury Bonds of 1945-47, United States of America
2% percent Treasury Notes of Series D-1935 in the amount and as stated below:
For own account
$.
For our customers (for use of banking institutions) as shown on attached list $.
Total Subscription
Issue Treasury securities allotted on this subscription, as indicated below:
"Indicate by X mark"
and use a s e p a r a t e
form when coupon or
registered Treasury securities of this series
are desired in exchange.

In coupon form

Par Amount

Denominations
X

X X

In registered form

Issue in the Following Denominations Treasury Securities Allotted to Us on this Subscription

Treasury Notes of Series D-1935 Tendered in Exchange
Number of Pieces

Number of Pieces
X

500

1,000

5,000

10,000

10,000
X

Leave this Space Blank

$50
100

Par Amount

Denominations

S100

X X X

100,000

Total

In payment of Treasury securities allotted on this subscription you are authorized to apply $
par value
Treasury Notes of Series D-1935 now held by you for our account.
Payment of accrued interest from September 16, 1935, to December 16, 1935, on the bonds allotted will be made as
follows:
By check herewith

•

Charge our account

•

Hold or dispose of Treasury securities allotted on this subscription in the amounts and as indicated below:
We hereby certify that such securities as you
are instructed, as indicated below, to hold for safekeeping or to deliver to your Discount Department
are the sole property of the below-named bank or
trust company.

Hold for safekeeping (for members only)

Deliver over counter
Ship definitive securities to us

$„

Deliver to your Discount Department

Register the securities as indicated in schedule on
reverse side of this subscription a n d after registry
deliver or ship as indicated above.

We hereby certify that such securities as are
hereby pledged to secure the War Loan Deposit
Account, as indicated below, are either the sole
property of the below-named bank or trust company or are the property of its customers who
nave consented in writing to such pledge.

Special instructions;

Hold as collateral security for War Loan Deposit
Account
Signing Fill in All Eequired Spaces

TO S U B S C R I B E R :
Mark ( X ) in proper space to indicate if this i s :

Name
(Please print)

Original subscription

I—j

Confirmation of a telegram

I—I

Confirmation of a letter

r~i

Sign here
(Official signature required)

Street Address
Town and State

Spaces below are for the use of the Federal Reserve Bank of New York
EEOEIPT

DELTVERY

Received

Eeleased

Checked

Taken from vault

Eecorded

Counted

Acknowledged

Checked
Delivered

FIGURED

CHECKED

SCHEDULE FOR ISSUE OF REGISTERED BONDS
Names and Addresses must be printed or typewritten.
Indicate Under Appropriate Denominations, Number of Bonds Desired.
Name In Which Bonds Shall Be Registered, and PostOffice Address For Interest Checks and Mail.

Amount

$50

$100

$500

$1,000

$5,000

$10,000

X X X

$100

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of bank or trust company)

Post office address

Name of Customer

Address

State.

Amount Subscribed

ORIGINAL

NR-NB

NON-NEGOTIABLE RECEIPT
Issued to.

Number.

Street.

Date.

Town

State.

Receipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1935 in
exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department Circular
No. 555, dated December 2, 1935.
FEDERAL RESERVE BANK OF NEW YORK

Date received

Fiscal Agent of the United States.

Mail Sheet No.

Refer to your letter dated

No..

Teller.

Notice: If the new securities are to be delivered at the Federal Beserve
Barilc of New Yorlc over the counter to your representative the
following authority should be executed.

DELIVERY RECEIPT

You are hereby authorized to deliver to
Received from the FEDERAL RESERVE BANK OF NEW YORK
(Name of Representative)

securities of the above par value in exchange for those surrendered.

whose signature appears below $
par amount
of securities issued in exchange for those above described.
Name ...
(Please Print)

(Official Signature Required)
(Signature of Authorized Representative)

T>at«

DUPLICATE

FILE COPY
Number.
Date
Town

State.

Receipt is hereby acknowledged of $
par amount United States of America 2y2 Percent Treasury Notes of Series D-1935 in
exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department Circular
>To. 555, dated December 2, 1935.
FEDERAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date received
Refer to your letter dated

Mail Sheet No
No.,

Teller.

BTC-NS

Lot Number

Application Number

Cash Subscription by Bank or Trust Company

To United States Government Obligations
Described Below
Dated at.
.1935
One day's interest on $1,000 on coupon payable June 15, 1986 (182 days in 183 day period) is $.040983607
FEDEBAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAB SIRS :

Pursuant to the provisions of Treasury Department Circular No. 556, dated December 2, 1935, please enter
subscription as follows for

UNITED STATES OF AMERICA V/2 PERCENT TREASURY NOTES, SERIES C-1940
DATED DECEMBER 16, 1935
DUE DECEMBER 15, 1940
•For our own account (not classified below).. $
•For our customers (classified below)
Total Subscription

CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(For example: Class A — 10 at $1,000)
(To

SUBSCRIBER: DO

not show on this form denominations of securities of this issue to be desired on allotment.)

CLASS A
Subscriptions of $1,000 and under
Amount
Number of
Leave Blank
Subscript's
of Each

CLASS Bl
CLASS B2
CLASSC
Subscriptions over $1,000 to $5,000 Inclusive Subscriptions over $5,000 to $10,000 Incl. | Subscriptions over $10,000 to $50,000 Inel
Amount
Number of
Number of I Amount
Number of I Amount
Leave Blank
Leave Blank
Lear* Blank
of Each
Subscript's
Subscript's 1 of Each
Subscript's 1 of Each

•

CLA88 D
Subscriptions over $50,000 to $100,000 Inel.
Amount
Number of
Leave Blank
of each
Subscript's

CLASS E
Sub's over $100,000 to $500,000 Inclusive
Number of I Amount
Leave Blank
Subscript's 1 ot Each

CLASS F
CLASS G
Sub's over $500,000 to $1,000,000 Inclusive:
Subscriptions of over $1,000,000
Number of
Amount
Number of I Amount
Leave Blank
Leave Blank
Subscript's 1 of Each
Subscript's
of Each

We hereby certify that:
We have received applications from our customers in the amounts set opposite the customers' names on the attached
list, which is made a part of this subscription; we have received from each such customer, or hold his deposit for, the full
amount of his application if for $5,000 or less, and if for more than $5,000, we have received, or hold the customer's
deposit for, 5 percent of the full amount of his application, but not less than $5,000; and each such application, to the
best of our knowledge and belief, is made in good faith for the customer's legitimate requirements and we have no
beneficial interest therein.
We agree, in consideration of the receipt by you of this subscription, to make payment in full for the entire
amount which may be allotted on this subscription, at par on or before the date of issue, or at par and accrued interest
if on later allotment. Such payment will be made by the method indicated hereon.
By credit to War Loan Deposit Account

By debit to our reserve account
By check

I 1

Before signing fill in all required spaces.
Bank or Trust Company

TO SUBSCBLBEB:
Mark (X) in proper space
to indicate if this is:

Poet Office Address.

Original subscription

State.

Confirmation of a telegram
Confirmation of a letter

Official signature required

•NOTK:

Securities of this issue allotted to a qualified depositary for its own account may be paid for by credit to Wai Loan Deposit Account
and may also be deposited with Federal Beserve Bank of New York as collateral security for such Account.
Securities of this issue allotted to a qualified depositary for account of its customers may be paid for by credit to War Loan Deposit
Account, but may not be deposited with Federal Beserre Bank of New York as collateral security for such Account without the written eonsent of the owners of such securities.
SPACES BELOW AEE TOB THE USE OF THE FEDEBAL BESEBVE BANK
Examined

Carded

Allotment

Beedvad

Classified

Figured

Checked

T^H^OT

Checked | Advised

El in i l l

Acknowledged

Government Depoait

Amount

Method of Payment

Window

Disposition

Custody

Date Released

Mail

Other DepartmanU

List of customers' applications included in the foregoing subscription
entered and certified by

_
(Name of bank or trust company)

Post office address

Name of Customer

Address

State.

Amount Subscribed

IB-NS

CASH SUBSCRIPTION

Lot Number

Application Number

BY OTHER THAN AN INCORPORATED BANK
OR TRUST COMPANY
To United States Government Obligations
Described Below
Dated at.

.1935

Applications, unless made by an incorporated bank or trust company, must be accompanied, if for more than
$5,000, by payment of $5,000 or 5 percent of the amount of notes applied for, whichever is the greater; and, if for
$5,000 or less, by payment in full.
One day's interest on $1,000 on coupon payable June 15,19S6 (18S days in 183 day period) is $.040983607.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 556, dated December 2, 1935, please enter
our (my) subscription for $

(par value)

UNITED STATES OF AMERICA V/2 PERCENT TREASURY NOTES, SERIES C-1940
DATED DECExMBER 16, 1935
DUE DECEMBER 15, 1940
We (I) agree, in consideration of the receipt by you of this subscription, to make payment in full for the entire
amount which may be allotted on this subscription, at par on or before the date of issue, or at par and accrued interest if
on later allotment. If such payment is in excess of the amount deposited with this application the balance of the payment due you will be made by (name)
in the manner indicated below:
By check

•

By cash

•

This is a confirmation of a previous subscription.
Write Yes

Write No

Subscriber
(Print Name)

Sign here

(Official Signature Required)

Street address.
Town

State

SPACES BELOW ARE FOR TIIE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
EXAMINED

CARDED

Allo'mont

Figured

CLASSIFIED

ACKNOWLEDGED

LED(iEI<

DUMfMITIftN

KeU'!ue<

Payment

Chock.-H Advised

Date

Deposit

Date

—

—
By Cash

By Check

Iterated

Checked

Intereat

Checked

—

Drawn on

Check No.

ltecurded

Wiiuluw

Custody

Mail

EA-TNS

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 2l/2 Percent
Treasury Notes of Series D-1935 Maturing December 15, 1935 Are Tendered in
Payment for Treasury Notes to Be Allotted on Subscriptions

FOR iy2 PERCENT TREASURY NOTES, SERIES C-1940
Dated December 16, 1935

Due December 15, 1940

Note:
United States of America 2V2 percent Treasury Notes of Series D-1935, tendered in exchange should be presented and
surrendered with this exchange subscription, except that if payment is to be made by such Treasury notes now held for the
subscriber's account by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided
below.
Subscriptions for which Treasury Notes of Series D-1935 are tendered in payment and accepted will be allotted in full.
One day's interest on $1,000 on coupon payable June 15, 1936 (182 days in 183 day period) is $.040983607
Dated at..
.1935
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 556, dated December 2, 1935, the undersigned
tenders herewith in exchange for United States of America \y2 percent Treasury Notes of Series C-1940, United States
of America 2l/2 percent Treasury Notes of Series D-1935 in the amount and as stated below:
For own account

For our customers (for use of banking institutions) as shown on attached list $
Total Subscription

Issue Treasury securities allotted on this subscription as indicated below:
ISSUE IN THE FOLLOWING DENOMINATIONS TREASURY SECURITIES ALLOTTED TO U S
ON THIS SUBSCRIPTION

Treasury Notes of Series D-1935 Tendered in Exchange
Number of Pieces
X X

X X

Par Amount

Denominations
X

X X

Number of Pieces
X

$100

500

1,000

5,000

10,000

10,000
X

X X X

X X

Par Amount

Denominations
X

X X X

100.000

100,000

Total

X X

Leave this Space Blank
X

X X

X X X

X X X X

In payment of Treasury securities allotted on this subscription you are authorized to apply $
Treasury Notes of Series D-1935 now held by you for our account.
Hold or dispose of Treasury securities allotted on this subscription in the amounts and as indicated below:
We hereby certify that such securities as you
are instructed, as indicated below, to hold for safekeeping or to deliver to your Discount Department
are the sole property of the below-named bank or
trust company.

par value

Deliver over counter
Ship definitive securities to us

Hold for safekeeping (for members only)
Deliver to your Discount Department

Special instructions:

We hereby certify that such securities as are
ireby pledged to secure the War Loan Deposit
pany or are the property of its custor
have consented in writing to such pledge

Hold as collateral security for War Loan Deposit
Account
i^"Bef ore Signing Fill in All Required Spaces

TO SUBSCRIBER:
Mark (X) in proper space to indicate if this is:
Original subscription

[~|

Confirmation of a telegram

Q
\2

Confirmation of a letter

Q
LJ

Name
(Please print)

Sign here
(Official signature required)

Street Address
Town and State

Spaces below are for the use of the Federal Reserve Bank of New York
RECEIPT

DELIVERY

Received

Released

Checked

Taken from vault

Recorded

Counted

Acknowledged

Checked
Delivered

FIGURED

CHECKED

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of bank or trust company)

Post office address

Name of Customer

Address

State.

Amount Subscribed

ORIGINAL

NR-NN

NON-NEGOTIABLE RECEIPT
Issued to

Number.

Street

Date..

Town

State.

Receipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1935 in
exchange for United States of America 1% Percent Treasury Notes of Series C-1940 allotted in full pursuant to the terms of Treasury Department
Circular No. 556, dated December 2, 1935.
FEDERAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date received

Mail Sheet No....

Refer to your letter dated

No..

Teller.

Notice: If the new securities are to be delivered at the Federal Beserve
Bank of New York over the counter to your representative the
following authority should be executed.

DELIVERY RECEIPT

You are hereby authorized to deliver to
Received from the FEDERAL RESEEVE BANK OF NEW YORK
(Name of Representative)

securities of the above par value in exchange for ftiose surrendered.

whose signature appears below $
par amount
of securities issued in exchange for those above described.
Name.
(Please Print)

By.
(Official Signature Required)
(Signature of Authorized Representative)

Date.

)UPLICATE

FILE COPY
ssued to

Number

Street
Town

Date
State

Receipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1935 in
xchange for United States of America 1% Percent Treasury notes of Series C-1940 allotted in full pursuant to the terms of Treasury Department
Circular No. 556, dated December 2, 1935.
FEDERAL EESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date received
Refer to your letter dated

Mail Sheet No.
No.

Teller

FEDERAL RESERVE B A N K OF N E W YORK

Lot X umber

Application Number

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to United States Government Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1935

Kef erring to your subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1945-47
DATED SEPTEMBER 16, 1935, DUE SEPTEMBER 15, 1947
ADDITIONAL ISSUE

for which you have applied under the provisions of the Treasury Department's circular containing the offering of such
securities for subscription, you have been allotted by the Secretary of the Treasury
$

of the amount applied for.

may be made in cash.

By Charge—A member bank may make payment by requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.
By Credit—(a)
If subscriber is a depositary of public moneys qualified under the provisions of Treasury Department Circular No. 92, dated
February 23, 1932, as amended, with respect to special deposits of public moneys under the Act of Congress approved September 24, 1917,
as amended, subscriber will be permitted to make payment by credit in the War Loan Deposit Account for securities of this issue allotted
to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits. Securities of this issue
allotted to subscriber, for which such payment by credit is made, will be held by the Federal Reserve Bank of New York as fiscal agent
of the United States as collateral security for deposits in the War Loan Deposit Account until other acceptable securities are pledged or
substituted by subscriber as required by this bank.
(b) Securities of this issue allotted to a qualified depositary for its own account may be pledged with Federal Reserve Bank of Xew York
as collateral security for deposits in the War Loan Deposit Account. Securities of this issue allotted to a qualified depositary for account of
its customers may not be pledged as such collateral security without the written consent of the owners of such securities.

Delivery
3. (a) Delivery of the securities of this is^ue allotted on cash subscriptions will not be made at the Federal Reserve
Bank of New York at its head office in New York, N. Y., before December 16, 1935.
(b) Securities of this issue allotted to subscriber will be delivered over the counter to a representative of the
subscriber only when a letter of authority signed officially by the subscriber identifying such representative is presented
by him.
Further Instructions
4. (a) Securities of this issue will be held for safekeeping by, or delivered to the Discount Department of. the Federal
Reserve Bank of New York for the account of member banks only, provided such securities are the sole property of the
member bank.
(b) It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to this
bank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States

Checked by.
NAB

Accrued interest at 2% percent from September 16, 1935, to December 16,
1935, on $1,000 face amount is $6,875.

Lot Xumber

LETTER OF INSTRUCTIONS
To FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1935

Referring to our subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS OF 1945-47

DATED SEPTEMBER 16, 1935, DUE SEPTEMBER 15, 1947
ADDITIONAL ISSUE

for which we applied under the provisions of the Treasury Department's circular containing the offering of such
securities for subscription, we have received your notice of allotment stating that we have been allotted by the Secretary
of the Treasury
$
of the amount applied for.
As requested we are sending you the following instructions:
Payment for the securities of this issue allotted to us will be made or completed as indicated below.
By charge to our reserve account for principal and/or accrued interest

By check for principal and/or accrued interest

By cash for principal and/or accrued interest

By credit to "War Loan Deposit Account (principal only) as shown in the following "Certificate of Advice":
CERTIFICATE OF ADVICE

Deeem))er 16

I HEREBY CERTIFY that there has been deposited this day with the above bank or trust company, to the credit of the
Federal Reserve Bank of New York, as fiscal agent of the United States, War Loan Deposit Account, to be held
subject to withdrawal on demand through the Federal Reserve Bank of New York, the
sum of

Dollars, $

To be executed only when subscriber is making
payment through War Loan Deposit Account.
I S S U E I N THE FOLLOWING
DENOMINATIONS THE SECURITIES OF
T H I S I S S U E ALLOTTED TO U S

Pieces

Denominations

Cashier or

HOLD OE D I S P O S E OF S U C H SECURITIES I N THE
A M O U N T S AND AS INDICATED B E L O W

(LEAVE B L A N K )

Numbers

P a r Amount

Vice-President.

Deliver over counter

$—

We hereby certify that such securities as you
are instructed, as indicated below, to hold for safekeeping or to deliver to your Discount Department
are the sole property of the below-named bank or
trust company.

$50
100

Hold for safekeeping (for members only)

500

Deliver to your Discount Departmeut

1,000

5,000
10,000

Hold as collateral security for War Loan Deposit
Account

100,000
Total

Ship definitive securities to us

DELIVER SECURITIES OF THIS ISSUE
ALLOTTED TO US TO BELOW-NAMED

Par Amount

Against
Payment of

DISPOSE OF SUCH PAYMENT AS FOLLOWS

Credit Our Eeserve Account

Name.

1^ This letter of instructions must be signed
officially in the space provided here and
returned immediately to

Post Office Address.
State.

Federal Reserve Bank of New York,
Fiscal Agent of the United States.

Official signature required
DO NOT USE SPACES BELOW

Paid Stamp

Released

Taken from Vault
Counted

—

Delivery Receipt
Received from FEDERAL RESERVE BANK OF NEW YORK the above described

Amount

United States Government obligations allotted in the amount indicated above.

Checked
Delivered

Subscriber.
By

Date.

By.

Lot Number

FEDERAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to United States Government Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1935

Referring to your subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA l /2 PERCENT TREASURY NOTES OF SERIES C-1940
DATED DECEMBER 16, 1935, DUE DECEMBER 15, 1940

of the amount applied for.

IMPORTANT INFORMATION FOR SUBSCRIBER
1. To expedite delivery of the securities of this issue allotted to subscriber and to facilitate prompt completion of
this transaction, please observe the following directions, and fill in, sign, and return immediately the attached letter of
instructions to the Federal Reserve Bank of New York, Fiscal Agent of the United States, New York, N. Y.
Payment by Check, Cash, Charge or Credit
2. On or before the date of this issue payment must be made or completed at par, or at p a r and accrued interest if
payment is to be made after the date of this issue, for the securities allotted to subscriber as stated above, and payment
therefor may be made by check, cash, charge, or credit, as follows:
By Check— A check tendered in payment should be made payable to the order of the FEDERAL RESERVE BANK OF NEW YORK,
FISCAL AGENT OF THE UNITED STATES, and the proceeds thereof must be immediately available on the date that payment is due,
but such check need not necessarily accompany the attached letter of instructions. The proceeds of a check tendered in payment by
subscriber on the date of this issue, drawn on the Federal Keserve Bank of New York, will be immediately available on the date of this
issue. Should a subscriber wish to make payment by certified check on any other bank the securities can not be delivered until the
Federal Eeserve Bank of New York, Fiscal Agent of the United States, receives the proceeds of such check, and, therefore, such subscriber
should tender such certified check at least 2 days prior to the date payment is due if he wishes delivery of the securities on the
date of this issue.
By Cash—Payment may be made in cash.
By Charge—A member bank may make payment by requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.
By Credit— (a) If subscriber is a depositary of public moneys qualified under the provisions of Treasury Department Circular No. 92, dated
February 23, 1932, as amended, with respect to special deposits of public moneys under the Act of Congress approved September 24, 1917,
as amended, subscriber will be permitted to make payment by credit in the War Loan Deposit Account for securities of this issue allotted
to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits. Securities of this issue
allotted to subscriber, for which such payment by credit is made, will be held by the Federal Eeserve Bank of New York as fiscal agent
of the United States as collateral security for deposits in the War Loan Deposit Account until other acceptable securities are pledged or
substituted by subscriber as required by this bank.
(b) Securities of this issue allotted to a qualified depositary for its own account may be pledged with Federal Eeserve Bank of New York
as collateral security for deposits in the War Loan Deposit Account. Securities of this issue allotted to a qualified depositary for account of
its customers may not be pledged as such collateral security without the written consent of the owners of such securities.
Delivery
3. (a) Delivery of the securities of this issue allotted on cash subscriptions will not be made at the Federal Reserve
Bank of New York at its head office in New York, N. Y., before the issue date.
(b) Securities of this issue allotted to subscriber will be delivered over the counter to a representative of the
subscriber only when a letter of authority signed officially by the subscriber identifying such representative is presented
by him.
Further Instructions
4. (a) Securities of this issue will be held for safekeeping by, or delivered to the Discount Department of, the Federal
Reserve Bank of New York for the account of member banks only, provided such securities are the sole property of the
member bank.
(b) It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to
this bank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States
Checked by.
NA-NS

Lot Number

Application Number

LETTER OF INSTRUCTIONS

To FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1935

Referring to our subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA i y 2 PERCENT TREASURY NOTES OF SERIES C-1940
DATED DECEMBER 16, 1935, DUE DECEMBER 15, 1940

By check
By cash
By credit to War Loan Deposit Account as shown in the following "Certificate of Advice":
CERTIFICATE OF ADVICE

Deeember 16 1935

Dollars, $

To be executed only when subscriber is making
payment through War Loan Deposit Account.
ISSUE IN THE FOLLOWING
DENOMINATIONS THE SECURITIES OF
THIS ISSUE ALLOTTED TO US

Pieces

Denominations

Cashier or Vice-President.
HOLD OR DISPOSE OF SUCH SECURITIES IN THE
AMOUNTS AND AS INDICATED BELOW

(LEAVE BLANK)

Par Amount

Numbers

Deliver over counter

$100
500

Hold for safekeeping (for members only)
Deliver to your Discount Department

1,000

10,000

100,000

Hold as collateral security for War Loan Deposit
Account

5,000

Total

Ship definitive securities to us

DELIVER SECURITIES OF THIS ISSUE
ALLOTTED TO US TO BELOW-NAMED

Par Amount

Against
Payment of

DISPOSE OF SUCH PAYMENT AS FOLLOWS

Credit Our Eeserve Account

Name

EF"This letter of instructions must be signed
officially in the space provided here and
returned immediately to

Post Office Address.
State.

Federal Reserve Bank of New York,
Fiscal Agent of the United States.

Official signature required
DO NOT USE SPACES BELOW

Paid Stamp

Released

Received from FEDERAL RESERVE BANK OF NEW YORK the above described

Taken from Vault
Counted

Delivery Receipt

Amount-

United States Government obligations allotted in the amount indicated above.
Subscriber.

Checked
Delivered

NA-NS

By-

Date.

B7.

Full text of Federal Reserve Bank of New York Circulars : 1615. Offering of United States of America 2 3/4 Percent Treasury Bonds of 1945-47, Offering of United States of America 1 1/2 Percent Treasury Notes of Series C-1940

FRASER