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

Circular No.

1838

April 25, 1938

Offering of Commodity Credit Corporation % Percent Notes of Series C,
Due November 2, 1939
Dated and bearing interest from May 2, 1938
FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE
UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE
Exempt both as to principal and interest from all Federal, State, municipal, and local taxation
(except surtaxes, estate, inheritance, and gift taxes).
To all Banking Institutions and Others Concerned in the
Second Federal Reserve District:

*.

The following press statement was today made public:
The Secretary of the Treasury, on behalf of the Commodity Credit Corporation, is today
offering for subscription, through the Federal Reserve banks, $200,000,000, or thereabouts, of
notes of the Commodity Credit Corporation, designated % percent notes of Series C. Series B
Collateral Trust Notes of the Commodity Credit Corporation, maturing May 2, 1938, will be
accepted at par in payment for any notes subscribed for and allotted.
The notes will be dated May 2, 1938, and will bear interest from that date at the rate of
% percent per annum. They will mature on November 2, 1939, and will not be subject to call
for redemption prior to maturity.
The notes will be fully and unconditionally guaranteed both as to interest and principal by
the United States. They will be exempt both as to principal and interest from all Federal, State,
municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes).
The notes will be issued only in bearer form with coupons attached, in denominations of
$1,000, $5,000, $10,000 and $100,000.
Subscriptions will be received at the Federal Reserve banks and branches, and at the
Treasury Department, Washington. Subscriptions will not be received at the Reconstruction
Finance Corporation or at the Commodity Credit Corporation. Banking institutions generally
may submit subscriptions for account of customers, but only the Federal Reserve banks and the
Treasury Department are authorized to act as official agencies. Cash subscriptions from 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
by payment of 10 percent of the amount of notes applied for. Subscriptions in payment of
which Series B Collateral Trust Notes of the Commodity Credit Corporation are tendered
should be accompanied by the maturing notes.
The right is reserved to close the books as to any or all subscriptions or classes of subscriptions at any time without notice. Subject to the reservations set forth in the official circular,
all cash subscriptions will be received subject to allotment and subscriptions in payment of
which Series B Collateral Trust Notes of the Commodity Credit Corporation are tendered will
be allotted in full.
Payment for any notes allotted on cash subscriptions must be made or completed on or
before May 2, 1938, or on later allotment.
The terms of this offering are set forth in Treasury Circular No. 583, dated April 25,1938,
a copy of which is printed on the following pages. The subscription books are now open, and
applications will be received by this bank as fiscal agent of the United States. Subscriptions
should be made on official subscription blanks and mailed immediately, or if filed by telegram
or letter, should be confirmed immediately by mail on the blanks provided. 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 the amounts of the subscriptions, if any, for the customers of the subscribing
bank together with their names and addresses as provided for in the subscription blank.




GEORGE L. HARRISON,

President.

COMMODITY CREDIT CORPORATION
34 PERCENT NOTES OF SERIES C, DUE NOVEMBER 2, 1939
Dated and bearing interest from May 2, 1938
FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE
UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE
_
Exempt both as to principal and interest from all Federal, State, municipal, and local taxation
(except surtaxes, estate, inheritance, and gift taxes).
1938

TREASURY DEPARTMENT,

Department Circular No. 583

OFFICE OF THE SECRETARY,

Washington, April 25,1938.
I. OFFERING OF NOTES
1. The Secretary of the Treasury, on behalf of the Commodity Credit Corporation, invites
subscriptions, at par and accrued interest, from the people of the United States for notes of the
Commodity Credit Corporation, designated % percent notes of Series C. The amount of the offering is $200,000,000, or thereabouts.
II. DESCRIPTION OF NOTES
1. The notes will be dated May 2, 1938, and will bear interest from that date at the rate of
% percent per annum, payable semiannually on November 2,1938, and on May 2 and November 2,
1939. They will mature November 2, 1939, and will not be subject to call for redemption prior to
maturity.
2. These notes are issued under the authority of the act approved March 8,1938, (Public No.
442-75th Congress) which provides that these notes shall be fully and unconditionally guaranteed both as to interest and principal by the United States; that they shall be deemed and held to
be instrumentalities of the Government of the United States, and as such they and the income
derived therefrom shall be exempt from Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes); and that the notes shall be lawful investments and may
be accepted as security for all fiduciary, trust and public funds the investment or deposit of which
shall be under the authority or control of the United States or any officer or officers thereof.
3. The authorizing act further provides that in the event that the Commodity Credit Corporation shall be unable to pay upon demand, when due, the principal of, or interest on, such
obligations, the Secretary of the Treasury shall pay to the holder the amount thereof which is
hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
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 $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 may submit subscriptions for
account of customers, but only the Federal Reserve banks and the Treasury Department are




authorized to act as official agencies. Others than banking institutions will not be permitted to
enter subscriptions except for their own account. Cash subscriptions from 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 by payment of 10 percent of the amount of notes 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 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, subscriptions in payment of which Series B Collateral Trust Notes of the Corporation 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 May 2, 1938, or on later allotment. In every case where payment is not so completed, the payment with application up to 10 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. Series B Collateral Trust Notes of the Commodity Credit Corporation, maturing May 2, 1938, will be accepted at par in payment for any notes subscribed for and
allotted and should accompany the subscription.
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, Jr.,
Secretary of the Treasury.

Lot Number

Application Number

FEDEEAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to Commodity Credit Corporation Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1938

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

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C
DATED MAY 2, 1938, DUE NOVEMBER 2, 1939

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.

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 or Charge
2. On or before the date of this issue payment must be made or completed at par, or at par 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 or charge, 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.

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.
(c) Securities of this issue allotted to subscriber will be delivered to others under special instructions from subscriber but only when such securities are either the sole property of the subscriber or are the property of its customers who
have authorized the subscriber in writing to cause their said securities to be so delivered.
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

Cheeked by.
NA-CCC-N




Special Notice to Subscribers Located in the
Borough of Manhattan of the City of New York
Upon payment interim certificates will be issued pending
delivery of the definitive note: It is expected that the definitive
notes will be ready for delivery on or about May 16, 1938.
If you desire delivery of such interim certificates on May 2, 1938
"Letter of Instructions" accompanying allotment notice must be
returned to this bank by messenger by 2 p.m., Saturday, April 30,
1938.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

SL.3

SL.4

Special Notice to Subscribers in the
Second Federal Reserve District Located Outside
the Borough of Manhattan of the City of New York
Upon payment interim certificates will be issued pending
delivery of the definitive notes. It is expected that the definitive
notes will be ready for delivery on or about May 16, 1938.
If you desire delivery of such interim certificates on May 2, 1938
"Letter of Instructions" accompanying allotment notice must be
mailed to this bank on Saturday, April 30, 1938 in the special return
envelope enclosed herewith.



FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Application Number

Lot 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)
1938

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

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES O F SERIES C
DATED MAY 2, 1938, DUE NOVEMBER 2, 1939

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:
Issue in the following denominations the securities of this issue allotted to us. Payment for such securities will be
made or completed as indicated below.
Pieces

Denominations

Par amount

Method of payment

(LEAVE BLANK)

X X X

By charge to our reserve account.

X X X

$1,000

By check

5,000
By cash

10,000
100,000
Total

Hold or dispose of the securities of this issue allotted to us in the amounts and as indicated below.
1. Hold for safekeeping (for member bank only)

$

2. Hold as collateral security for War Loan Deposit Account

$

3. Deliver to your Discount Department

$

4. Deliver over counter to the undersigned

$

5. Ship to the undersigned

$

6. Deliver as requested in the following special instructions

$

$

Dispose of such
payment as follows

Against
payment of

Par amount

TO

Credit our reserve account

$

$

We hereby certify (a) that such securities as you are instructed to hold or to deliver, as indicated in items numbered 1 and 3
above, are the sole property of the undersigned bank or trust company; (6) that such securities as are hereby pledged, as indicated
in item numbered 2 above, are either the sole property of the undersigned bank or trust company or are the property of its customers
who have authorized the undersigned bank or trust company in writing to cause their said securities to be so pledged; and (c) that
such securities as you are instructed to deliver, as indicated in item numbered 6 above, are either the sole property of the undersigned
bank or trust company or are the property of its customers who have authorized the undersigned bank or trust company in writing to
cause their said securities to be so delivered.

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

Name.
Post Office Address.

Federal Reserve Bank of New York,

State.

Fiscal Agent of the United State*.
Official signature required
DO NOT USE SPACES BELOW

Paid Stamp

Eeleased

Eeceived from FEDERAL RESERVE BANK OP N E W YORK the above described

Taken from Vault
Counted

Delivery Beceipt

Amount

Commodity Credit Corporation obligations allotted in the amount indicated above.
Subscriber

Checked
Delivered
NA-CCC-N



By

Date

By

BTC-CCC-N

FEDERAL BESEEVE B A N K OP N E W YOEK

Lot Number

Application Number

Fiscal Agent of the United States

c

Cash Subscription by Banking Institution
To Commodity Credit Corporation Obligations
Described Below
Dated at.
.1938

FEDERAL EESERVE 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. 583, dated April 25, 1938, please enter subscription as follows for

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C
DATED MAY 2, 1938
DUE NOVEMBER 2, 1939
For our own account (not classified below).. $
For our customers (classified below)

.

Total Subscription

$

CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(Subscriptions can be made only for $1,000 or in multiples of $1,000. For example: Class A—10 at $1,000)
(To

SUBSCRIBES: DO

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

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

CLASS Bl
CLASS B2
CLASS C
Subscriptions over $1,000 to 85,000 Inclusive Subscriptions over $5,000 to $10,000 Incl. Subscriptions over $10,000 to $50,000 Incl.
Amount
Number of
Number of 1 Amount
Number of 1 Amount
Leave Blank Subscript's 1 of Each
of Each
Subscript's
Leave Blank Subscript's 1 of Each
Leave Blank
at

at

at

at

at

at

at

at

at

at

at

at

at

at

at
at
at

CLASS D

CLASS F

CLASS E

CLASS G

Subscriptions over $50,000 to $100,000 Incl. Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,000,000 Inclusive
Subscriptions of over $1,000,000
Number of I
Amount
Number of I Amount
Number of |
Amount
Number of I Amount
of Each
| Subscript's)
of Each
of Each
Leave Blank Subscript's |
Leave Blank Subscript's I
Leave Blank Subscript's 1 of Each
Leave Blank

at

at
at
at

at

at

at

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; that there has been paid to us by each such customer, not
subject to withdrawal until after allotment and payment in full for securities allotted, 10 percent of the amount
applied for; that each such application, to the best of our knowledge and belief, is made in good faith for the
customer's legitimate requirements; and that we have no beneficial interest therein.
We further certify that our capital and surplus (not including undivided profits, reserves, etc.) is $
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 debit to oar reserve account

By check

D
Before signing fill in all required spaces.

TO SUBSCBIBEB:
Mark (X) in proper space
to indicate if this is:
Original subscription
Confirmation of a telegram

Banking Institution
Post Office Address.
r-i
j—l

of a latter.

Oonfli

State

LJ

(Official signature required)

SPACES BELOW ABB FOB THE USB OF THE FBDEBAL BE8EBVE BANE
Examined

Carded

Figured

Allotment

Received

Classified

Chftckwl




Ledger

Checked

Advised

Recorded

Acknowledged
Method of Payment

Window

Disposition

Government Deposit
Amount

1

Custody

Date Released

Mail

By

Other Departments

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
(Please print or use typewriter)




Address

State.

Amount Subscribed

EA-CCC-N

FEDERAL RESERVE BANK OF NEW YOBK

Fiscal Agent of the United States

EXCHANGE SUBSCRIPTION
This Form Should Be Used When Commodity Credit Corporation 1 Percent
Series B Collateral Trust Notes Maturing May 2, 1938 Are Tendered in Payment
for Commodity Credit Corporation Notes to Be Allotted on Subscriptions

FOR COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C
Dated May 2,1938

Due November 2,1939

Notes

The securities of the Commodity Credit Corporation which are tendered in payment should be surrendered with this
exchange subscription, except that if payment is to be made by such securities 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 securities of the Commodity Credit Corporation are tendered in payment and accepted will be
allotted in full.

Dated at
FEDERAL RESERVE BANK OF NEW YORK,

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

.1938

DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 583, dated April 25, 1938, the undersigned hereby
tenders in payment for Commodity Credit Corporation % percent Notes of Series C, Commodity Credit Corporation 1 percent
Series B Collateral Trust Notes 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

$
The securities hereby tendered in payment are,
as indicated below,—

Issue securities allotted on this subscription in th<i denominations and
amounts as indicated below:
Number of Pieces

Leave this Space Blank

Par Amount

Denominations

Delivered to you herewith

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

To be withdrawn by you from
our account in the
Government Bond Department (War
Loan Deposit Account)

10,000
X

X

X

X

X

X

X

X

$

Discount Department

5,000

$

Safekeeping Department

$1,000

X

$..

$—

To be delivered to you for our
account by

X

100,000

$

Total
Hold or dispose of the securities allotted on this subseription in the amounts and as indicated below:
1. Hold for safekeeping (for member bank only)

$

2. Hold as collateral security for War Loan Deposit Account

$

3. Deliver to your Discount Department

$

4. Deliver over counter to the undersigned

$

5. Ship to the undersigned

$

6. Deliver as requested in the following special instructions

$
Against
payment of

Par amount

TO

Dispose of such
payment as follows
Credit our reserve account
$

$

$

We hereby certify (a) that such securities as you are instructed to hold or to deliver, as indicated in items numbered 1 and 3
above, are the sole property of the undersigned bank or trust company; (6) that such securities as are hereby pledged, as indicated
in item numbered 2 above, are either the sole property of the undersigned bank or trust company or are the property of its customers
who have authorized the undersigned bank or trust company in writing to cause their said securities to be so pledged; and (c) that
such securities as you are instructed to deliver, as indicated in item numbered 6 above, are either the sole property of the undersigned
bank or trust company or are the property of its customers who have authorized the undersigned bank or trust company in writing to
cause their said securities to be so delivered.
Before Signing Fill in All Eequired Spaces.

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

Name
Sign here

(Official signature required)

•

Confirmation of a telegram

•

Confirmation of a letter

•

(Please print)

Street Address
Town and State

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

BECEEPT

Eeceived

Taken from vault

Checked

Counted

Recorded

Checked

Acknowledged .

Blotter

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
(Please print or use typewr&tr)




Address

State.

Amount Subscribed

IB-CCC-N

FEDERAL RESERVE B A N K OP N E W YORK

Lot Number

Application Number

Fiscal Agent of the United States

IB

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION
To Commodity Credit Corporation Obligations
Described Below
Dated at
.1938

An application, unless made by a banking institution, must be accompanied by payment of 10 percent of the
amount applied for.
Subscriptions can be made only for $1,000 or in multiples of $1,000.

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. 583, dated April 25, 1938, please enter our (my)
subscription for $

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C
.
DATED MAY 2, 1938
DUE NOVEMBER 2, 1939
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
WriteYes

Write No

Subscriber ..

(Print name)

Sign here

(Official Signature Required)

Street address
State

Town

SPACES BELOW ABE FOB THE USE OF THE FEDEBAL BESEBVE BANK OF NEW YOBK
EXAMINED

Allotment

CARDED

CLASSIFIED

LEDGKB

DISPOSITION

ACKNOWLEDGED

Payment

Figured Checked Advised

1

$

Deposit

Date

Released

—
Date

By

By Cash
By Check
Drawn on

Check No.

Received

Checked




Interest

Checked

Recorded

Window

Custody

Mail

FEDERAL RESERVE BANK

CCC—ATS-I.NL

o P NEW YORK

ADVICE TO SUBSCRIBER

Acknowledging Receipt of Cash Subscription
For Commodity Credit Corporation Obligations Mentioned Below
To

Application No.
Date

Your cash subscription for $
Commodity Credit Corporation % Percent Notes of Series C, Dated May 2, 1938, Due November 2, 1939.
has been received by this bank, as fiscal agent of the United States, and, pursuant to the provisions of the Treasury
Department's circular offering the above-mentioned obligations of the Commodity Credit Corporation, allotment
notices will be sent out promptly upon allotment and allotments will be made on the basis and up to the amounts
indicated by the Secretary of the Treasury to this bank.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Checked by.




FEDERAL RESERVE BANK
OFNEWYCK

To

CARD

CCC-ATS-2.NL
SECUR.T.ES DEPARTMENT

RECORD

Application No.
Date

Cash subscription received
from above subscriber for $
Commodity Credit Corporation % Percent Notes of Series C, Dated May 2, 1938, Due November 2, 1939.




ERAL. RESERVE BANK

CCC-ATS-3.NL

CONTROL RECORD

To

. - c u m ™ OEPARTMENT

Application No.
Date

Cash subscription received
from above subscriber for $
Commodity Credit Corporation % Percent Notes of Series C, Dated May 2, 1938, Due November 2, 1939.




NR-CCC-N

ORIGINAL

NON-NEGOTIABLE RECEIPT
For Commodity Credit Corporation Obligations as Mentioned Below
Number.

Issued to...

Date.

Street.
Town

State...

Receipt is hereby acknowledged of $
par amount Commodity Credit Corporation 1 Percent Series B Collateral Trust Notes
surrendered in payment for Commodity Credit Corporation % Percent Notes of Series C subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 583, dated April 25, 1938. If such new securities issued in exchange for those surrendered are to be delivered at
the Federal Eeserve Bank of New York over the counter to your representative the "authority to deliver" set forth below should be duly executed
and returned to us.

FEDERAL EESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date Eeceived

Mail Sheet No

Eefer to your letter dated

Teller.

No.

DELIVERY RECEIPT

AUTHORITY TO DELIVER
FEDERAL EESERVE BANK OP NEW YORK

Fiscal Agent of the United States.
You are hereby authorized to deliver to

Eeceived from the Federal Eeserve Bank of New York Commodity
Credit Corporation obligations at par in the amount stated above in
exchange for Commodity Credit Corporation obligations surrendered
in payment as indicated in the above non-negotiable receipt.

(Name of representative)

whose signature appears below $
par amount
of Commodity Credit Corporation obligations subscribed for and
allotted in full in exchange for Commodity Credit Corporation obligations surrendered in payment as indicated in the above non-negotiable
receipt.
Name
(Please print)

By.

(Official signature required)
(Signature of authorized representative)




Date.

DUPLICATE

FILE COPY OF NON-NEGOTIABLE RECEIPT
For Commodity Credit Corporation Obligations as Mentioned Below
Issued to

Number

Street
Town

Date
,

State

Receipt is hereby acknowledged of $
par amount Commodity Credit Corporation 1 Percent Series B Collateral Trust Notes
surrendered in payment for Commodity Credit Corporation % Percent Notes of Series C subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 583, dated April 25, 1938. If sueh new securities issued in exchange for those surrendered are to be delivered at
the Federal Reserve Bank of New York over the counter to your representative the "authority to deliver" set forth below should be duly executed
and returned to us.

FEDERAL RESERVE BANK OF NEW YORK

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




Mail Sheet No
No.

Teller

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