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

Circular No. 1872
September 8, 1938

New Offering of United States Government Obligations

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

Secretary of the Treasury Morgenthau announced today, through the Federal
Reserve Banks, a new offering of United States Government obligations the terms
of which are set forth in the enclosed printed copies of Treasury Department
circulars containing full details.
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. 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. HAEEISON,

President.

We are returning herewith the duplicate copy of your
subscription to the current offering of United States Government securities. The original copy of the subscription
is adequate for our purposes. It would be appreciated
therefore, if hereafter subscriptions are not sent to us in
duplicate form.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal

KS


Agent of the United States.

UNITED STATES OF AMERICA
2i/2 PERCENT TREASURY BONDS OF 1950-52
Dated and bearing interest from September 15, 1938

Due September 15, 1952

REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST ON AND AFTER
SEPTEMBER 15, 1950
Interest payable March 15 and September 15
is**

TREASURY DEPARTMENT,

DepartmentDebt Service 593
Public Circular No.

_

_,

Washington, THE SECRETARY,
OFFICE OF September 8, 1938.
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 the people of the United States for 2% percent bonds of the United States,
designated Treasury Bonds of 1950-52. The amount of the offering is $400,000,000, 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 E-1938, maturing December 15, 1938, are tendered in payment and accepted.
II. DESCRIPTION OF BONDS

1. The bonds will be dated September 15, 1938, and will bear interest from that date at
the rate of 2% percent per annum, payable semiannually on March 15 and September 15 in
each year until the principal amount becomes payable. They will mature September 15,1952,
but may be redeemed at the option of the United States on and after September 15, 1950, 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 (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.
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. 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 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, subscriptions
in payment of which Treasury Notes of Series E-1938 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 bonds allotted on cash subscriptions
must be made or completed on or before September 15, 1938, or on later allotment. In every
case where payment is not so completed, the payment with application up to 10 per cent 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. Treasury Notes of Series E-1938, maturing December 15, 1938,
with coupon dated December 15, 1938, attached, will be accepted at par in payment for any
bonds subscribed for and allotted, and should accompany the subscription. Accrued interest
from June 15, 1938, to September 15, 1938, on the maturing notes ($3.142076 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.,
Secretary of the Treasury.
<




( P R I N T E D IN N E W Y O R K , N .

Y.)

UNITED STATES OF AMERICA
1% PERCENT TREASURY NOTES OF SERIES A-1943
Dated and bearing interest from June 15, 1938
Interest payable June 15 and December 15

Due June 15,1943

ADDITIONAL ISSUE
1938
Department Circular No. 594

TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY,

Public Debt Service

Washington, September 8,1938.
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 and accrued
interest, from the people of the United States for 1% percent notes of the United States,
designated Treasury Notes of Series A-1943. The amount of the offering is $300,000,000, 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 E-1938,
maturing December 15, 1938, are tendered in payment and accepted.
II. DESCRIPTION OF NOTES

1. The notes now offered will be an addition to and will form a part of the Series of
percent Treasury Notes of Series A-1943 issued pursuant to Department Circular No.
585, dated June 6,1938, will be freely interchangeable therewith, are identical in all respects
therewith, and are described in the following quotation from Department Circular No. 585:
" 1 . The notes will be dated June 15, 1938, and will bear interest from that date at the rate of
V/s 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.
1
• 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."
in. 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 Treasury Notes of Series E-1938 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 June 15, 1938, for notes allotted on cash
subscriptions must be made or completed on or before September 15, 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. 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 E-1938,
maturing December 15, 1938, with coupon dated December 15, 1938, attached, will be accepted
at par in payment for any notes subscribed for and allotted, and should accompany the subscription. Accrued interest from June 15, 1938, to September 15, 1938, on the maturing
notes will be credited to subscribers, and interest for the same period on the new notes, which
will be delivered with coupon dated December 15, 1938, attached, will be charged to subscribers. The difference ($0.314208 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.

(PRINTED IN NEW YORK, N. Y . )

EA-B-1

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 1*4 Percent Treasury Notes of Series E-1938 Maturing December 15, 1938 Are
Tendered in Payment for Treasury Bonds to be Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1950-52
Dated September 15, 1938
^

Due September 15, 1952

NO1
)TE:

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 December 15, 1938, must be attached to the notes when surrendered, and accrued interest from June 15, 1938,
to September 15, 1938 ($3.142076 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,

.1938

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

Pursuant to the provisions of Treasury Department Circular No. 593, dated September 8,1938, the undersigned hereby
tenders in payment for United States of America 2y2 percent Treasury Bonds of 1950-52, United States of America 1%
percent Treasury Notes of Series E-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,—

0

i
[Indicate by 2 mark and use a separate forn
I when coupon or registered Treasury securi
[ties of this i eries are desired in exchange

In coupon form

Number of Pieces

Delivered to you herewith

Leave this Space Blank

Par Amount

Denominations

In registered form

$50

$

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

$

Safekeeping Department

$

Discount Department

100

$

500
1

1,000
5,000
10,000
X

X

X

X

X

X

X

X

X

To be delivered to you for our
account by

X

100,000

$

Total
It is requested that payment of accrued interest to September 15, 1938, on Treasury Notes of Series E-1938 surrendered,
as indicated above, be disposed of 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. 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

$

<b

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; (fe) 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.
' Before Signing Fill in All Eequired Spaces.

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

Q

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
EECEIPT

DELIVEET

Received

Taken from vault

Checked

Counted

Recorded

Cheeked

Blotter
Acknowledged

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.

:

:

I:::::::::;:::::




: : : : : :

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

(Please print or use typewriter)




'ii""

BTC-B-1

Lot Number

Application Number

Cash Subscription by Banking Institution
To United States Government Obligations
Described Below
Dated at.

.1938
•ERAL 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. 593, dated September 8, 1938, please enter
subscription as follows for

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1950-52
DATED SEPTEMBER 15, 1938
DUE SEPTEMBER 15, 1952
*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
CLASS Bl
CLASS B2
CLASS C
Subscriptions of SI,000 and under
Subscriptions over §1,000 to S5.000 Inclusive Subscriptions over $5,000 to $10,000 Incl. Subscriptions over $10,000 to $50,000 Incl.
Number of
Amount
Number ofl
Amount
Number ofl
Amount
Amount
Number of
Leave Blank Subscript's 1
Leave Blank Subscript's |
Leave Blank
Leave Blank
of Each
of Each
of Each
Subscript's
of Each
Subscript's
at
at
at
at
at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

CLASS E
CLASS F
CLASS D
CLASS G
Subscriptions of over $1,000,000
Subscriptions over $50,000 to 3100,000 Incl. Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,000,000 Inclusive
Amount
Number of
Number ofl
Amount
Number ofl
Amount
Number of
Amount
Leave Blank Subscript's |
Leave Blank Subscript's
Leave Blank
Leave Blank
of Each
of Each
Subscript's 1
of Each
of Each
Subscript's
at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

T
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.
rn

By debit to our reserve account

By credit to War Loan Deposit Account

rn

Before signing fill in all required spaces.

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

Banking Institution
Post Office Address.

State.
r~l

(Official signature required)

•NOTE :

Securities of this issue allotted to a qualified depositary for its own aecount 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 Reserve Bank of New York as collateral security for such Account without the written consent
of the owners of such securities.
SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK
Examined

Carded

Figured

Allotment

Received

Checked




Ledger

Classified

Checked

Advised

Recorded

Acknowledged

Government Deposit

Hold
Method of Payment

Window

Disposition

Amount

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

IB-B-1

Lot Number

Application Number

CASH SUBSCRIPTION

IB

BY OTHER THAN A BANKING INSTITUTION
To United States Government 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.
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. 593, dated September 8, 1938, please enter
our (my) subscription for $

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1950-52
DATED SEPTEMBER 15, 1938
DUE SEPTEMBER 15, 1952
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 ABE FOE THE USE OF THE PEDEEAL EESEEVE BANK OF NEW YOEK
EXAMINED

CARDED

CLASSIFIED

LEDGER

ACKNOWLEDGED

Figured Checked Advised

Allotment

Payment

DISPOSITION

Released

Date

Deposit
Date

By

By Cash
By Check
Check No.

Received

Checked




Interest

Checked

Drawn on

Recorded

Window

Custody

Mail

EA-N-5

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 1*4 Percent
Treasury Notes of Series E-1938 Maturing December 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
ADDITIONAL ISSUE
Dated June 15, 1938

Due June 15, 1943

One day's interest on $1,000 on coupon payable December 15, 1938 (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.
In the case of Treasury notes of Series E-1938 tendered in payment, coupons dated December 15, 1938, must be attached to the
notes when surrendered. Interest from June 15, 1938, to September 15, 1938, on the maturing notes will be credited to subscribers,
and interest for the same period on the new notes will be charged to subscribers. The difference ($0.314208 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,

.1938

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

Pursuant to the provisions of Treasury Department Circular No. 594, dated September 8,1938, the undersigned hereby
tenders in payment for United States of America 1% percent Treasury Notes of Series A-1943, United States of America
11/4 percent Treasury Notes of Series E-1938 in the amount and as stated below:
For own account
For our customers (for use of banking institutions) as sbown 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

$

X

To be withdrawn by you from
our account in the

$100

Government Bond Department (War
Loan Deposit Account)
$

500
1,000

Safekeeping Department

10,000
X

X

X

X

X

X

X

X

X

$

Discount Department

5,000
*

$

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

[H

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

Against
payment of

Par amount
$

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

Q

Confirmation of a telegram

Q

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
DELIVERY

RECEIPT

Received

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 typewriter)




Address

State

Amount Subscribed

N-5

Lot Number

Cash Subscription by Banking Institution
To United States Government Obligations
Described Below

Application Number

c

Dated at.
.1938
Accrued interest at iys percent from June 15, 1938 to September IS, 1938 on $1,000 face amount is $2.827868.
One day's interest on $1,000 on coupon payable December 15, 1938 (183 day period) is $.030737705.
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. 594, dated September 8, 1938, please enter
subscription as follows for

UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES, SERIES A-1943
ADDITIONAL ISSUE

DATED JUNE 15, 1938

DUE JUNE 15, 1943

*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 Bl
CLASS B2
CLASS A
CLASS C
Subscriptions of $1,000 and under
Subscriptions over $1,000 to $5,000 Inclusive Subscriptions over $5,003 to 810,000 Inc.!. Subscriptions over S 10,000 to $50,000 Incl.
Number of
Amount
Number of
Amount
Number of
Number of
Amount
Amount
Leave Blank Subscript's
Leave Blank Subscript's
Leave Blank
Leave Blank Subscript's
of Each
of Each
of Each
of Each
Subscript's
at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

at

-

CLASS F
CLASS E
CLASS G
CLASS D
Subscriptions of over $1,000,000
Subscriptions over $50,000 to 8100,000 Incl. Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,000,000 Inclusive
Number of
Amount
Amount
1T
_. . Number of
Number of
Amount
Number of
Amount
Leave Blank Subscript's
Leave Blank
Leave Blank Subscript's
of Each
1 Leave Blank Subscript's
of Each
of Each
of Each
Subscript's
at

at

at

at

at

at

at

at

'

at

at

at

at

at

at

at

at

at

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 and accrued interest from June 15, 1938. Such payment will be made by the
method indicated hereon.
r~i

By debit to our reserve account
By check

By credit to War Loan Deposit Account

r~\

U ^ B e f ore signing fill in all required spaces.

- -

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

Banking Institution
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 Reserve Bank of New York as collateral security for such Account without the written consent
of the owners of such securities.
SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK
Examined

Carded

figured

Allotment

Received

Classihed

Checked




j .edger

Checked

Advised

Recorded

Acknowledged

Government Deposit

Hold
Method of Payment

Window

Disposition

Amount

Custody

Date Released

Mail

By

Other Departmt n t s

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

Post office address

Nome of ffintfomer
(Please print or use typewriter)




Address

State

•

Amnvwt

IB-N-5

Lot Number

Application Number

CASH SUBSCRIPTION

IB

BY OTHER THAN A BANKING INSTITUTION
To United States Government 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.
Accrued interest at 1% percent from June 15, 1938 to September 15, 19S8 on $1,000 face amount is $2.827868.
One day's interest on $1,000 on coupon payable December 15, 19S8 (183 day period) is $.030737705.
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. 594, dated September 8, 1938, please enter
our (my) subscription for $

(par value)

UNITED STATES OF AMERICA iy 8 PERCENT TREASURY NOTES, SERIES A-1943
ADDITIONAL ISSUE

DATED JUNE 15, 1938

DUE JUNE 15, 1943

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 June 15, 1938. If such payment is in excess of the amount deposited with this application the balance of the payment due you will be made by
. in the manner indicated below:
Bv cash

•

By check....

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 ABE FOE THE USE OF THI1 FEDEEAL EESEEVE BANK 0 1 NEW YOEK
EXAMINED

Allotment

CARDED

CLASSIFIED

ACKNOWLEDGED

LEDGER

Figured Checked Advised

DISPOSITION

Payment
Deposit
Date

Date

Released
$

$

By

By Cash
By Check
Check No.

Received

Checked




Interest

Checked

Drawn on

Recorded

A\ indow

Custody

Mail

NR-B

GINAL

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

•sued to..

Date

Street.

Town
State.
Receipt is hereby acknowledged of $
par amount United States of America 1% Percent Treasury Notes of Series E-1938
surrendered in payment for United States of America 2% Percent Treasury Bonds of 1950-52 subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 593, dated September 8, 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 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 RESERVE 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.

(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

By
(Please print)
(Official signature required)
(Signature of authorized representative)




Date

)UPLICATE

FILE COPY OF NON-NEGOTIABLE RECEIPT
For United States Government Obligations as Mentioned Below
ssued to

Number

Street

Date

Town
State
Receipt is hereby acknowledged of $
par amount United States of America 1% Percent Treasury Notes of Series E-1938
surrendered in payment for United States of America 2% Percent Treasury Bonds of 1950-52 subscribed for and allotted in full pursuant to the terms of
Treasury Department Circular No. 593, dated September 8, 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 RESKBVE BANK OF NEW YOKK

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




Mail Sheet No.
....„.„.,

No....,

Teller

NR-TN

ORIGINAL

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

to..

Date

Street.

Town. .
.. State.
Receipt is hereby acknowledged of $
par amount United States of America I1/! Percent Treasury Notes of Series E-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. 594, dated September 8, 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 Received

Mail Sheet No.

Refer to your letter dated

No..

Teller.
DELIVERY RECEIPT

AUTHORITY TO DELIVER
FEDERAL. RESERVE BANK OP 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.

(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 1% Percent Treasury Notes of Series E-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. 594, dated September 8, 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 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

SEC—ATS—l.B

OF NEW YORK

ADVICE

TO SUBSCRIBER

SECUR.T.ES DEPARTMENT

Acknowledging Receipt of Cash Subscription
For United States Government Obligations Mentioned Below
To

Application No.
Date

Your cash subscription for $
United States of America VA Percent Treasury Bonds of 1950-52, Dated September 15, 1938, Due September 15, 1952
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 United States, 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
OF NEW YORK

To

CARD

»EC-ATS-2.B
SECURITIES DEPARTMENT

RECORD

Application No.
Date

Cash subscription received
from above subscriber for $
United States of America ZVz Percent Treasury Bonds of 1950-52, Dated September 15, 1938, Due September 15, 1952




FEDERAL RESERVE BANK
Or NEW YORK

To

8EC-ATS—3.B
SECURITIES DEPARTMENT

/^/-"\MTT3/"I*\Y
CONTROL n E T ^ A " \ m " ^
RECORD

Application

No.

Date

Cash subscription received
from above subscriber for $
United States of America 2V2 Percent Treasury Bonds of 1950-52, Dated September 15, 1938, Due September 15, 1952




FEDERAL RESERVE BANK
OF NEW YORK

ADVICE TO SUBSCRIBER
Acknowledging Receipt of Cash Subscription
For United States Government Obligations Mentioned Below

SEC—ATS— I . NL.
SECURITIES DEPARTMENT

Application No.

To

Date

Your cash subscription for $
United States of America \% Percent Treasury Notes, Series A-1943, additional issue, Dated June 15, 1938, Due June 15,1943
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 United States, 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
OF NEW YORK

SEC-ATS—2.NL
SECURITIES DEPARTMENT

CARD RECORD

Application No.

To

Date

Cash subscription received
from above subscriber for $
United States of America 1V8 Percent Treasury Notes, Series A-1943, additional issue, Dated June 15,1938, Due June 15,1943




FEDERAL RESERVE BANK

SEC-ATS-3.NL

" CURmE8

CONTROL RECORD

To

DEPAR

Application No.
Date

Cash subscription received
from above subscriber for $
United States of America fy& Percent Treasury Notes, Series A-1943, additional issue, Dated June 15,1938, Due June 15,1943




™ENT

FEDERAL RESERVE B A N K OF N E W YORK

Lot Number

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:
1938

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

(par value)

UNITED STATES OF AMERICA 2V2 PERCENT TREASURY BONDS OF 1950-52
DATED SEPTEMBER 15, 1938, DUE SEPTEMBER 15, 1952

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, Charge or Credit
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, 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 Eeserve 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.
(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.
(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 OP NEW YORK,

Fiscal Agent of the United States

Checked by
NA-B




Lot Number

Application Number

LETTER OF INSTRUCTIONS
To FEDERAL RESERVE BANK OP 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)

UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS OF 1950-52
DATED SEPTEMBER 15, 1938, DUE SEPTEMBER 15, 1952

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.
Denominations

Pieces

Par amount

Method of payment

(LEAVE BLANK)

$50
By charge to our reserve account...

100

$.

500
By check.

1,000
5,000

By cash.

10,000
100,000

By credit to War Loan Deposit Account as shown in
the following ' ' Certificate of Advice'':

Total

CERTIFICATE OF ADVICE
September 15, 1938.
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.

Cashier or Vice President.

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. Register in the names as indicated in the schedule on reverse side
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 (or) 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; (£>) 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.
Name.

letter of instructions must be signed
officially in the space provided here and
returned immediately to
Federal Reserve Bank of New York,

Post Office Address.

:
State.

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

Taken from Vault.
Counted

Delivery Eeceipt

Paid Stamp

Released

Beceived from FEDERAL BESEBVE BANK OP N E W YORK the above described

Amount

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

Checked
Delivered
NA-B




By.

Date.

By.

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

1
$100,<

-,

L

FEDERAL EESEEVE B A N K OP 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:
1938

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

u

_

(par value)

UNITED STATES OF AMERICA l»/ 8 PERCENT TREASURY NOTES OF SERIES A-1943
DATED JUNE 15, 1938, DUE JUNE 15, 1943
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.

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. Payment at par and accrued interest from June 15, 1938, for notes allotted on cash subscriptions must be made or
completed on or before September 15, 1938, or on later allotment 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 Beserve 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 u 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.
(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 September 15, 1938.
(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)
,
Reserve Bank
member bank.
(b)
this bank and

Securities of this issue will be held for safekeeping by, or delivered to the Discount Department of, the Federal
of New York for the account of member banks only, provided such securities are the sole property of the
It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to
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

ecked by.
A-NL




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

(par value)

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

UNITED STATES OF AMERICA l / 8 PERCENT TREASURY NOTES OF SERIES A-1943
DATED JUNE 15, 1938, DUE JUNE 15, 1943
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:
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.
Denominations

Pieces

Method of payment

(LEAVE BLANK)

Par amount

By charge to our reserve account for
principal and/or accrued interest $.

$100
500

By check for principal and/or accrued interest
$.

1,000
5,000

By cash for principal and/or accrued interest
$.

10,000

By credit to "War Loan Deposit Account (principal
and/or accrued interest) as shown in the following
'' Certificate of Advice'':

100,000
Total

CERTIFICATE OF ADVICE
September 15, 1938.
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.

Cashier or Vice President.

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

$

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.

letter of instructions must be signed
officially in the space provided here and
returned immediately to
Federal Reserve Bank of New York,

Name.
Post Office Address.
State.

Fiscal Agent of the United States.

Official signature required
DO NOT USE SPACES BELOW

Paid Stamp

Eeleased

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

Taken from Vault.
Counted

Delivery Eeceipt

Amount....

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

Checked
Delivered..
NA-NL



By.

Date.

By.

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