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

Circular No.
1852
June 6, 1938

Offering of United States of America 23A Percent Treasury Bonds of 1958-63
Dated and bearing interest from June 15, 1938

Due June 15, 1963

Offering of United States of America IVs Percent Treasury Notes of Series A-1943
Dated and bearing interest from June 15, 1938

Due June 15, 1943

Only Treasury Notes of Series B-1938, maturing June 15, 1938, and of Series D-1938, maturing September 15, 1938,
may be tendered in payment for the above mentioned bonds or notes.
To all Banking Institutions and Others Concerned in the
Second Federal Reserve District:

The following press statement was today made public:
Secretary of the Treasury Morgenthau announced today the offering, through the Federal
Reserve banks, of 20-25 year 2% percent Treasury Bonds of 1958-63, and of 5 year V/% percent Treasury Notes of Series A-1943, both in exchange for 2% percent Treasury Notes of Series
B-1938, maturing June 15, 1938, or 2y2 percent Treasury Notes of Series D-1938, maturing September 15, 1938. Exchanges will be made par for par, and the offering of the new bonds and of
the new notes will be limited to the amount of maturing notes of either series tendered and
accepted in exchange therefor. Cash subscriptions will not be received.
The Treasury Bonds of 1958-63 now offered only in exchange for Treasury notes maturing June 15 and September 15, 1938, will be dated June 15, 1938, and will bear interest from
that date at the rate of 2% percent per annum payable semiannually. They will mature June 15,
1963, but may be redeemed at the option of the United States on and after June 15, 1958. The
bonds will be issued in two forms: bearer bonds with interest coupons attached, and bonds registered as to both principal and interest; both forms will be issued in the denominations of $50,
$100, $500, $1,000, $5,000, $10,000 and $100,000.
The Treasury Notes of Series A-1943, also now offered only in exchange for Treasury notes
maturing June 15 and September 15, 1938, will be dated June 15, 1938, and will bear interest
from that date at the rate of 1% percent per annum payable semiannually. They will mature
June 15, 1943, and will not be subject to call for redemption before that date. The notes will be
issued only in bearer form with coupons attached, in the denominations of $100, $500, $1,000,
$5,000, $10,000 and $100,000.
The Treasury bonds and the Treasury notes will be accorded the same exemptions from taxation as are accorded other issues of Treasury bonds and Treasury notes, respectively, now outstanding. These provisions are specifically set forth in the official circulars issued today.
Subscriptions will be received at the Federal Reserve banks and branches, and at the Treasury Department, Washington, and should be accompanied by a like face amount of either 2% percent Treasury Notes of Series B-1938, maturing June 15, 1938, with final coupon due on June 15
detached, or 2y2 percent Treasury Notes of Series D-1938, maturing September 15, 1938, with
final coupon due September 15 attached. The notes of both series will be accepted at par. If
notes of Series D-1938 are tendered for Treasury bonds, accrued interest on such notes from
March 15 to June 15, 1938 will be paid following their acceptance; if such notes are tendered for
Treasury notes interest on the surrendered notes will be credited from March 15 to September 15,
1938, and interest will be charged on the new notes from June 15, to September 15, 1938, and
the difference, about $9.67 per $1,000 will be paid following acceptance of the notes.
The right is reserved to close the books as to any or all subscriptions at any time without notice,
and, subject to the reservations set forth in the official circulars, all subscriptions will be allotted in
full.
The amount of Treasury Notes of Series B-1938 maturing on June 15, 1938, is $618,056,800,
and of Series D-1938 maturing on September 15, 1938, is $596,416,100. Any of these notes may be
exchanged for the Treasury bonds or the Treasury notes, and any maturing notes not so exchanged
at this time will be paid in cash when they mature.
Special Treasury bills aggregating $250,306,000, which mature immediately after June 15, and
about $190,000,000 interest on the public debt, which becomes due on June 15, will be paid from
the Treasury's cash balance.

The terms of these offerings are set forth, respectively, in Treasury Circulars Nos. 584
and 585, dated June 6, 1938, copies of which are 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.
GEOKGE L
HARKISON>
President.



UNITED STATES OF AMERICA
23/4 PERCENT TREASURY BONDS OF 1958-63
Dated and bearing interest from June 15, 1938

Due June 15, 1963

REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST
ON AND AFTER JUNE 15, 1958

Interest payable June 15 and December 15

1938
Department Circular No. 584

TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY,

Washington, June 6, 1938.

Public Debt Service

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, from the people of the United States for 2^4
percent bonds of the United States, designated Treasury Bonds of 1958-63, in payment of which only
Treasury Notes of Series B-1938, maturing June 15, 1938, or Treasury Notes of Series D-1938, maturing
September 15, 1938, may be tendered. The amount of the offering under this circular will be limited to the
amount of Treasury Notes of Series B-1938 and of Series D-1938 tendered and accepted.
II. DESCRIPTION OF BONDS
1. The bonds will be dated June 15, 1938, and will bear interest from that date at the rate of 2% percent per annum, payable semiannually on December 15, 1938, and thereafter on June 15 and December 15
in each year until the principal amount becomes payable. They will mature June 15, 1963, but may be
redeemed at the option of the United States on and after June 15, 1958, 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.
2. 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 (6) 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 (6) above.
3. 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.
4. 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.
5. 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 may submit subscriptions for account of customers, but only the Federal Reserve banks and the Treasury Department are authorized to act as official
agencies. 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, 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 or completed on or before June 15,1938,
or on later allotment, and may be made only in Treasury Notes of Series B-1938, maturing June 15,1938, or
in Treasury Notes of Series D-1938, maturing September 15, 1938, which will be accepted at par, and
should accompany the subscription. In the case of Treasury Notes of Series D-1938 tendered in payment,
coupons dated September 15, 1938, must be attached to the notes when surrendered, and accrued interest
from March 15, 1938, to June 15, 1938, ($6.25 per $1,000), will be paid following acceptance of the notes.

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, Jr.,
a

x

turn

Secretary of the Treasury.

UNITED STATES OF AMERICA
lYs PERCENT TREASURY NOTES OF SERIES A-1943
Dated and bearing interest from June 15, 1938

Due June 15, 1943

Interest payable June 15 and December 15

1938

TREASURY DEPARTMENT,

Department Circular No. 585

^
_,
O F F I C E OF T H E SECRETARY,

Public Debt Service

Washington, June 6, 1938.
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, from the people of the United States for 1%
percent notes of the United States, designated Treasury Notes of Series A-1943, in payment of which only
Treasury Notes of Series B-1938, maturing June 15, 1938, or Treasury Notes of Series D-1938, maturing
September 15, 1938, may be tendered. The amount of the offering under this circular will be limited to the
amount of Treasury Notes of Series B-1938 and of Series D-1938 tendered and accepted.
II. DESCRIPTION OF NOTES
1. The notes will be dated June 15, 1938, and will bear interest from that date at the rate of 1% percent per annum, payable semiannually on December 15, 1938, and thereafter on June 15 and December
15 in each year until the principal amount becomes payable. They will mature June 15, 1943, 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 may submit subscriptions for account of customers,
but only the Federal Reserve banks and the Treasury Department are authorized to act as official
agencies. 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 notiee.
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, all subscriptions will be allotted in full. Allotment notices will be sent out
promptly upon allotment.




IV.

PAYMENT

1. Payment at par for notes allotted hereunder must be made or completed on or before June 15,
1938, or on later allotment, and may be made only in Treasury Notes of Series B-1938, maturing June 15,
1938, or in Treasury Notes of Series D-1938, maturing September 15, 1938, which will be accepted at
par, and should accompany the subscription. In the case of Treasury Notes of Series D-1938 tendered in
payment, coupons dated September 15, 1938, must be attached to the notes when surrendered. Interest from
March 15, 1938, to September 15, 1938, on the maturing notes will be credited to subscribers, and interest
from June 15, 1938 to September 15, 1938 on the new notes will be charged to subscribers. The difference
($9.672131 per $1,000) will be paid following acceptance of the notes.
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.

EANJ-B

EXCHANGE

SUBSCRIFHON

This Form Should Be Used When United States of America 2% Percent Treasury Notes of Series B-1938 Maturing June 15, 1938 Are
Tendered in Payment for Treasury Bonds to be Allotted on Subscriptions
FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1958-63
Dated June 15, 1938
Due June 15, 1963
Note:
The securities of the United States 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 below.
If registered securities of the series offered are desired upon issue the required necessary instructions must be given as indicated
in the spaces provided on this subscription.
Subscriptions for which securities of the United States 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. 584, dated June 6, 1938, the undersigned hereby
tenders in payment for United States of America 2% percent Treasury Bonds of 1958-63, United States of America 2%
percent Treasury Notes of Series B-1938 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 in the denominaThe Treasury securities hereby tendered in
tions and amounts as indicated below:
payment are, as indicated below,—
i Indicate by X mark and use a separate formH
I when coupon or registered Treasury securiI ties of this series are desired in exchange. I

In coupon form

Number of Pieces

Delivered to you herewith

Leave this Space Blank

Par Amount

Denominations

In registered form

$50
100

$.

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

$.

1,000

Safekeeping Department

$.

5,000

Discount Department

$.

500

10,000
X

X

To be delivered to you for our
account by

X

100,000
Total
Hold or dispose of Treasury securities allotted on this subscription 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. Register in the names as indicated in the schedule on next page
5. Deliver over counter to the undersigned

$

6. Ship to the undersigned

$

7. Deliver as requested in the following special instructions

$

TO

Par amount

Against
payment of

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 7 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.
\jFBefore Signing Fill in All Required Spaces

TO SUBSCRIBER:
Mark (X) in proper space to indicate if this ii:
Original subscription
•
Confirmation of a telegram

•

Confirmation of a letter

•

Name
Sign here

(Please print)
(Official signature required)

Street Address.
Town and State

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

1

-

"

-

—

•

Takfin from vault

Received
Checked

Counted

....

Recorded
Acknowledged

PIOURXD

DKUVZKT

EXCEPT

,,~

Blotter
Delivered

...



„.

_...

CHJBOKXD

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

XXX

$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
(Please print or use typewriter)




Address

State

Amount Subscribed

EANJ-TN

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 2% Percent
Treasury Notes of Series B-1938 Maturing June 15, 1938 Are Tendered in
Payment for Treasury Notes to Be Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES A-1943
Dated June 15, 1938

Due June 15, 1943

One day's interest on $1,000 on coupon payable December 15,19S8 (183 day period) is $.030737705.
Note:
The securities of the United States 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 United States 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. 585, dated June 6,1938, the undersigned hereby tenders
in payment for United States of America 1% percent Treasury Notes of Series A-1943, United States of America 27/$
percent Treasury Notes of Series B-1938 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 in the denominaThe Treasury securities hereby tendered in
tions and amounts as indicated below :
payment are, as indicated below,—
Number of Pieces

Denominations

X X

Par Amount

X

Leave this Space Blank

Delivered to you herewith
X

X X

To be withdrawn by you from
our account in the

$100
500

Government Bond Department (War
Loan Deposit Account)

10,000
X X X

X

X X

$

Discount Department

5,000

$

Safekeeping Department

1,000

X X

$

X X

$

To be delivered to you for our
account by

X X

100,000
Total

Hold or dispose of Treasury securities allotted on this subscription 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 aa follows

Against
payment of

Far 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.
Before Signing Fill in All Required Spaces

TO SUBSCRIBER:

Name

(Please print)

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

•

Confirmation of a telegram

•

Confirmation of a letter

•

Sign here..

(Official signature required)

Street Address
Town and State.

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

Baoan
Beceived
Cheeked

....
,

Taken from vault
Counted

,, .
,
•a..............

__.._ ._...

Checked

Becorded
Acknowledged

FIGURED

DKUVXRY

.^. .

Blotter
Delivered




.^. „

_„

CHECKED

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

Name of Customer
(Pleat* print or ust typiwnter)




Address

State,

Amount Subscribed

NR-NJ-B

ORIGINAL

NON-NEGOTIABLE RECEIPT
For United States Government Obligations as Mentioned Below
Issued to

Number.

,

Street

Date

Town

State.

Eeceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series B-1938
surrendered in payment for United States of America 2% Percent Treasury Bonds of 1958-63 subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 584, dated June 6, 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 RESERVE BANK OP NEW YOEK

Fiscal Agent of the United States.
Date Received

Mail Sheet No..

Refer to your letter dated

No.

Teller.

AUTHORITY TO DELIVER
FEDERAL RESERVE BANK OF N E W YORK

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

DELIVERY RECEIPT
Received from the Federal Reserve Bank of New York United
States Government obligations at par in the amount stated above in
exchange for United States Government obligations surrendered in
payment as indicated in the above non-negotiable receipt.

(Name of representative)

whose signature appears below $
par amount
of United States Government obligations subscribed for and allotted
in full in exchange for United States Government 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 United States Government Obligations as Mentioned Below
Number.

Issued to.

Date

Street.
Town....

.. State.

Keceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series B-1938
surrendered in payment for United States of America 2% Percent Treasury Bonds of 1958-63 subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 584, dated June 6, 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 RESERVE BANK OF NEW YORK

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




Mail Sheet No.
No.

Teller

NR-NJ-TN

ORIGINAL

NON-NEGOTIABLE RECEIPT
For United States Government Obligations as Mentioned Below
Number...

Issued to.

Date

Street.
Town

State.

Eeeeipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series B-1938
surrendered in payment for United States of America 1% Percent Treasury Notes of Series A-1943 subscribed for and allotted in full pursuant to the
terms of Treasury Department Circular No. 585, dated June 6, 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

No..

Teller.

AUTHORITY TO DELIVER
FEDERAL EESERVE BANK OF NEW YORK

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

DELIVERY RECEIPT
Eeceived from the Federal Eeserve Bank of New York United
States Government obligations at par in the amount stated above in
exchange for United States Government obligations surrendered in
payment as indicated in the above non-negotiable reeeipt.

(Name of representative)

whose signature appears below $
par amount
of United States Government obligations subscribed for and allotted
in full in exchange for United States Government 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 United States Government Obligations as Mentioned Below

Issued to...

Number.

Street.

Date.....

Town

State.

Receipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series B-1938
surrendered in payment for United States of America 1% Percent Treasury Notes of Series A-1943 subscribed for and allotted in full pursuant to the
terms of Treasury Department Circular No. 585, dated June 6, 1938. If such 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 N E W YORK

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




Mail Sheet No.
No..

Teller.

EANS-B

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 2% Percent Treasury Notes of Series D-1938 Maturing September 15, 1938 Are
Tendered in Payment for Treasury Bonds to be Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 23/4 PERCENT TREASURY BONDS OF 1958-63
Dated June 15, 1938

Due June 15, 1963

NOTE:
The securities of the United States 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 below.
If registered securities of the series offered are desired upon issue the required necessary instructions must be given as indicated
in the spaces provided on this subscription.
Coupons dated September 15, 1938, must be attached to the notes when surrendered, and accrued interest from March 15, 1938,
to June 15, 1938 ($6.25 per $1,000), will be paid following acceptance of the notes.
Subscriptions for which securities of the United States are tendered in payment and accepted will be allotted in full.

Dated at
FEDERAL RESERVE BANK OP NEW YORK,

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

.1938

DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 584, dated June 6, 1938, the undersigned hereby
tenders in payment for United States of America 2% percent Treasury Bonds of 1958-63, United States of America 2*/2
percent Treasury Notes of Series D-1938 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 in the denominaThe Treasury securities hereby tendered in
tions and amounts as indicated below:
payment are, as indicated below,—
Flndicate by X mark and use a separate formH
when coupon or registered Treasury securiI ties of this series are desired in exchange. J

In coupon form

Number of Pieces

Denominations

In registered form

Delivered to you herewith

Leave this Space Blank

Par Amount

$50
100

$.

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

500
1,000

Safekeeping Department

5,000

Discount Department

10,000
X

X

To be delivered to you for our
account by

X

100,000
Total
It is requested that payment of accrued interest to June 15, 1938, on Treasury Notes of Series D-1938 surrendered,
as indicated above, be disposed of as follows:
By check to

Q

By credit to our Keserve account Q

By credit to our account with

Q

Hold or dispose of Treasury securities allotted on this subscription 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. Register in the names as indicated in the schedule on next page
5. Deliver over counter to the undersigned
6. Ship to the undersigned
7. 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 7 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.

$Sgr> Before Signing Fill in All Bequired Spaces.

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

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
BECETPT

Eeceived

.....

Checked

,.—,.........•..

..„

Taken from vault
Counted
Checked

Becorded
Acknowledged

FlQtlEED

DELIVERY

..

Blotter
Delivered




_..

____^.

CHECKED

SCHEDULE FOR ISSUE OF REGISTERED BONDS
IS^ 3 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

XXX

$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
(Please print or use typewriter)




Address

State

Amount Subscribed

EANS-TN

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 2l/2 Percent
Treasury Notes of Series D-1938 Maturing September 15, 1938 Are Tendered in
Payment for Treasury Notes to Be Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES A-1943
Dated June 15, 1938

Due June 15, 1943

One day's interest on $1,000 on coupon payable D ecember 15,1938 (18S day period) is $.030737705.
Note:
The securities of the United States 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.
In the case of Treasury notes of series D-1938 tendered in payment, coupons dated September 15, 1938, must be attached
to the notes when surrendered. Interest from March 15, 1938, to September 15, 1938, on the maturing notes will be credited
to subscribers, and interest from June 15, 1938 to September 15, 1938 on the new notes will be charged to subscribers. The
difference ($9.672131 per $1,000) will be paid following acceptance of the notes.
Subscriptions for which securities of the United States 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. 585, dated June 6,1938, the undersigned hereby tenders
in payment for United States of America 1% percent Treasury Notes of Series A-1943, United States of America 2y2
percent Treasury Notes of Series D-1938 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 in the denominaThe Treasury securities hereby tendered in
tions and amounts as indicated below:
payment are, as indicated below,—
Number of Pieces

Par Amount

Denominations

Leave this Space Blank

Delivered to you herewith
X

X

X

X

X

X

X

To be withdrawn by you from
our account in the

$100
500

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

$

X

$

To be delivered to you for our
account by

X

100,000

$

Total
Dispose of proceeds representing interest adjustment as follows:

•
•

By check to
By credit to our Reserve account •

By credit to our account with.

Hold or dispose of Treasury securities allotted on this subscription 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

$

TO

Dispose of such
payment as follows

Against
payment of

Far amount

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.
\3&~ Before Signing fill in All Eequired Spaces

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

•

Confirmation of a telegram

•

Confirmation of a letter

•

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
DZLOTBY

BKCDPT

Received

Taken from vault

Cheeked

Counted

Recorded

Checked

Acknowledged

Blotter

FlGUEED


Delivered


_.
.....

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 typewriter)




Address

State.

Amount Subscribed

NR-NS-B

ORIGINAL

NON-NEGOTIABLE RECEIPT
For United States Government Obligations as Mentioned Below
Number.

Issued to.
Street.

Date

Town

State.

Eeceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1938
surrendered in payment for United States of America 2% Percent Treasury Bonds of 1958-63 subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 584, dated June 6, 1938. If such 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 YOEK

Fiscal Agent of the United States.
Date Received

Mail Sheet No.

Refer to your letter dated

No.,

Teller

AUTHORITY TO DELIVER
FEDERAL RESERVE BANK OF NEW YORK

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

DELIVERY RECEIPT
Received from the Federal Reserve Bank of New York United
States Government obligations at par in the amount stated above in
exchange for United States Government obligations surrendered in
payment as indicated in the above non-negotiable receipt.

(Name of representative)

whose signature appears below $
par amount
of United States Government obligations subscribed for and allotted
in full in exchange for United States Government 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 United States Government Obligations as Mentioned Below
Issued to

Number

Street
Town

Date
State

Eeceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1938
surrendered in payment for United States of America 2% Percent Treasury Bonds of 1958-63 subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 584, dated June 6, 1938. If such 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 EESEEVE BANK or NEW YOEK

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




Mail Sheet No
No.

Teller

NR-NS-TN

ORIGINAL

NON-NEGOTIABLE RECEIPT
For United States Government Obligations as Mentioned Below
Number...

Issued to.
Street.

Date

Town

State.

Receipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1938
surrendered in payment for United States of America 1% Percent Treasury Notes of Series A-1943 subscribed for and allotted in full pursuant to the
terms of Treasury Department Circular No. 585, dated June 6, 1938. If such 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 RESEBVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date Received

Mail Sheet No.

Refer to your letter dated

No.

Teller
DELIVERY RECEIPT

AUTHORITY TO DELIVER
FEDERAL RESEBVE BANK OF NEW YORK

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

Received from the Federal Reserve Bank of New York United
States Government obligations at par in the amount stated above in
exchange for United States Government obligations surrendered in
payment as indicated in the above non-negotiable receipt.

( Xame of representative)

whose signature appears below $
par amount
of United States Government obligations subscribed for and allotted
in full in exchange for United States Government 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 United States Government Obligations as Mentioned Below
Issued to

Number

Street
Town

Date
State

Eeceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series D-1938
surrendered in payment for United States of America 1% Percent Treasury Notes of Series A-1943 subscribed for and allotted in full pursuant to the
terms of Treasury Department Circular No. 585, dated June 6, 1938. If such 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.

FEDEBAL RESEBVE BANK OF NEW YOEK

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




Mail Sheet No
No.

Teller

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