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FEDERAL RESERVE BANK
OF NEW YORK

"

Fiscal Agent of the United States
Circular No.
1922
March 6, 1939

UNITED STATES GOVERNMENT OBLIGATIONS
Offering of Additional Amounts of Three Outstanding Treasury Issues in
Exchange for Treasury Notes of Series A-1939, Maturing June 15, 1939

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

Secretary of the Treasury Morgenthau today announced an offering of additional amounts of
United States of America 2% percent Treasury Bonds of 1960-65, at 102%
and accrued interest from December 15, 1938,
United States of America 21/2 percent Treasury Bonds of 1950-52, at 102%,
and
United States of America 1% percent Treasury Notes of Series B-1943, due
December 15, 1943, at 101 and accrued interest from December 15, 1938,
in payment of the face amount of which only United States of America Treasury Notes
of Series A-1939, maturing June 15, 1939, may be tendered. Payment covering the
adjustment of accrued interest and premium is to be made in cash as provided for
in section IV of the Treasury circulars. The amount of the offering will be limited
to the face amount of Treasury Notes of Series A-1939, tendered and accepted.
Cash subscriptions will not be received.
The terms of the offering are set forth in Treasury Circulars Nos. 603, 604 and
605, dated March 6, 1939, 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.




GEOBGE L. HARRISON,

President.

UNITED STATES OF AMERICA
2% PERCENT TREASURY BONDS OF 1960-65
Dated and bearing interest from December 15, 1938

Due December 15, 1965

REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST ON AND AFTER
DECEMBER 15, 1960
Interest payable June 15 and December 15
ADDITIONAL ISSUE

"«»

TREASURY DEPARTMENT,

Department Circular No. 603

_
^
_,
OFFICE OF THE SECRETARY,

Public Debt service

Washington, March 6, 1939.
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 102% and accrued interest from December 15, 1938, from the people of the United States for 2% percent bonds of the United States, designated
Treasury Bonds of 1960-65, in payment of the face amount of which only Treasury Notes of Series A-1939,
maturing June 15, 1939, may be tendered. The amount of the offering under this circular "will be limited to
the amount of Treasury Notes of Series A-1939 tendered and accepted.
II. DESCRIPTION OF BONDS
1. The bonds now offered will be an addition to and will form a part of the series of 2% percent
Treasury Bonds of 1960-65 issued pursuant to Department Circular No. 598, dated December 5, 1938, will
be freely interchangeable therewith, are identical in all respects therewith, and are described in the following quotation from Department Circular No. 598:
" 1 . The bonds will be dated December 15, 1938, and will bear interest from that date at the rate of
2% percent per annum, payable semiannually on June 15 and December 15 in each year until the principal amount becomes payable. They will mature December 15, 1965, but may be redeemed at the
option of the United States on and after December 15, 1960, 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.
1
' 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 102% and accrued interest for bonds allotted hereunder must be made or completed on
or before March 15,1939, or on later allotment. Payment of the face amount may be made only in Treasury
Notes of Series A-1939, maturing June 15, 1939, which will be accepted at par. A premium of $23.75 per
$1,000, and accrued interest from December 15, 1938 to March 15, 1939 ($6.79945 per $1,000) on the bonds
to be issued, will be charged, and accrued interest from December 15, 1938 to March 15, 1939 ($5.25412
per $1,000) on the notes surrendered will be credited, and the difference ($25.29533 per $1,000) will be
due from subscribers. Treasury Notes of Series A-1939, with coupon dated June 15, 1939, attached, and
the appropriate cash payment, should accompany subscriptions.
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.




H E N R Y MORGENTHAU, J R . ,
Secretary of the Treasury.

UNITED STATES OF AMERICA
2]/2 PERCENT TREASURY BONDS OF 1950-52
Dated September 15, 1938, with interest from March 15, 1939

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
•

ADDITIONAL ISSUE

««»

Department Circular No. 604

TREASURY DEPARTMENT,
_
_.
OFFICE OF THE SECRETARY,

Public Debt service

Washington, March 6, 1939.
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 102%, from the people of the United States for
21/£ percent bonds of the United States, designated Treasury Bonds of 1950-52, in payment of the face
amount of which only Treasury notes of Series A-1939, maturing June 15, 1939, may be tendered. The
amount of the offering under this circular will be limited to the amount of Treasury Notes of Series A-1939
tendered and accepted.
II. DESCRIPTION OF BONDS
1. The bonds now offered will be an addition to and will form a part of the series of 2y2 percent
Treasury Bonds of 1950-52 issued pursuant to Department Circular No. 593, dated September 8, 1938, will
be freely interchangeable therewith, are identical in all respects therewith (except that interest on the bonds
issued under this circular will accrue from March 15, 1939), and are described in the following quotation
from Department Circular No. 593:
" 1 . The bonds will be dated September 15, 1938, and will bear interest from that date at the rate
of 21^2 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 TreasuryDepartment, 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 102% for bonds allotted hereunder must be made or completed on or before March 15,
1939, or on later allotment. Payment of the face amount may be made only in Treasury Notes of Series
A-1939, maturing June 15, 1939, which will be accepted at par. A premium of $25.00 per $1,000 will be
charged, and accrued interest from December 15, 1938 to March 15, 1939 ($5.25412 per $1,000) on the notes
surrendered will be credited, and the difference ($19.74588 per $1,000) will be due from subscribers.
Treasury Notes of Series A-1939, with coupon dated June 15, 1939, attached, and the appropriate cash
payment, should accompany subscriptions.
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.




H E N R Y MORGENTHATJ, J R . ,
Secretary of the Treasury.

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

Due December 15, 1943

ADDITIONAL ISSUE

TREASURY DEPARTMENT,

1939
Department Circular No. 605

OFFICE OF THE SECRETARY,

Public Debt Service

Washington, March 6, 1939.

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 101 and accrued interest from December 15, 1938, from the people of the United States for iy8 percent notes of the United States, designated
Treasury Notes of Series B-1943, in payment of the face amount of which only Treasury Notes of Series
A-1939, maturing June 15, 1939, may be tendered, The amount of the offering under this circular will
be limited to the amount of Treasury Notes of Series A-1939 tendered 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 1% percent
Treasury Notes of Series B-1943 issued pursuant to Department Circular No. 600, dated December 5,
1938, will be freely interchangeable therewith, are identical in all respects therewith, and are described in
the following quotation from Department Circular No. 600:
" 1 . The notes will be dated December 15, 1938, and will bear interest from that date at the rate of
lYs percent per annum, payable semiannually on June 15 and December 15 in each year until the principal amount becomes payable. They will mature December 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 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, all subscriptions will be allotted in full. Allotment notices will be sent out
promptly upon allotment.
IV. PAYMENT
1. Payment at 101 and accrued interest for notes allotted hereunder must be made or completed on or
before March 15, 1939, or on later allotment. Payment of the face amount may be made only in Treasury
Notes of Series A-1939, maturing June 15, 1939, which will be accepted at par. A premium of $10.00 per
$1,000, and accrued interest from December 15, 1938 to March 15, 1939, ($2.78159 per $1,000) on the
notes to be issued, will be charged, and accrued interest from December 15,1938 to March 15,1939 ($5.25412
per $1,000) on the notes surrendered will be credited, and the difference ($7.52747 per $1,000) will be
due from subscribers. Treasury Notes of Series A-1939, with coupon dated June 15, 1939, attached, and
the appropriate cash payment, should accompany subscriptions.
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 MORGENTHATJ, JR.,
Secretary of the Treasury.

EA-N

EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES B-1943
ADDITIONAL ISSUE
Dated December 15,1938

Due December 15,1943

NOTE:
The securities of the United States which are tendered should be surrendered with this exchange subscription, except that if
such securities are 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. Coupons dated June 15, 1939, must be attached to such securities.

Dated at.
FEDERAL RESERVE BANK OF NEW YORK,

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

.1939

DEAR SIRS :

Pursuant to the provisions of Treasury Department Circular No. 605, dated March 6, 1939, the undersigned hereby
subscribes at 101 and accrued interest from December 15, 1938, for United States of America 1% percent Treasury Notes
of Series B-1943 in payment of the face amount of which United States of America 2% percent Treasury Notes of Series
A-1939, maturing June 15, 1939, are tendered, as stated below:
For own account
For our customers as shown on attached list.
(Do not fill in unless subscriber is a banking institution.)

Total Subscription.
Issue Treasury securities allotted on this subscription in the denominaThe Treasury Notes of Series A-1939 are
tendered, as indicated below,—
tions and amounts 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

ft

Total
Payment of the amount of premium ($10.00 per $1,000) and accrued interest from December 15, 1938 to March 15,
1939 ($2.78159 per $1,000) on the Treasury securities allotted on this subscription, less the amount of accrued interest
from December 15, 1938 to March 15, 1939 ($5.25412 per $1,000) on the Treasury notes tendered, (a net difference of
$7.52747 per $1,000) will be made by the undersigned on or before March 15, 1939, as follows:
By check herewith

By charge to our reserve account, which you
are authorized to make

•

•

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

Par amount

Dispose of such
payment as follows

Against
payment of

Credit our reserve account
$

The undersigned, if a bank or trust company, hereby certifies (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; (fc) that such securities as are hereby pledged,
as indicated in item numbered 2 above, are either the sole property of the undersigned or are the property of its customers who have
authorized the undersigned 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 or are the property of its customers
who have authorized the undersigned in writing to cause their said securities to be so delivered.
' Before signing fill in all required spaces.

TO SUBSCRIBER:

Name of Subscriber.
(Please print)

Mark (X) in proper space to indicate if this is:
By.

Original subscription

•

Confirmation of a telegram

•

Street address

Confirmation of a letter

•

City, Town or Village, and State.

(Official signature)

(Title)

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

DELIVERY

Beceived

Taken from vault

Checked

Counted

Becorded

Checked

Acknowledged

Blotter

Delivered



FIGURED

CHECKED

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of banking institution)

Post office address

Name of Customer
{Please print or use typewriter)




Address

State.

Amount Subscribed

EAB1

EXCHANGE

SUBSCRIPTION

FOR UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS OF 1950-52
ADDITIONAL ISSUE
Dated September 15, 1938, with interest from March 15, 1939

Due September 15, 1952

NOTE:
The securities of the United States which are tendered should be surrendered with this exchange subscription, except that if
such securities are now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given
accordingly in the space below. Coupons dated June 15, 1939, must be attached to such securities.
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.

Dated at.
FEDERAL RESERVE BANK OF NEW YORK,

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

.1939

DEAR SIRS :

Pursuant to the provisions of Treasury Department Circular No. 604, dated March 6, 1939, the undersigned hereby
subscribes at 1 0 2 ^ for United States of America 2% percent Treasury Bonds of 1950-52 in payment of the face amount
of which United States of America 2% percent Treasury Notes of Series A-1939, maturing June 15, 1939, are tendered, as
stated bslow:
For own account
For our customers as shown on attached list

$.

(Do not fill in unless subscriber i9 a banking institution.)

Total Subscription.
Issue Treasury securities allotted on this subscription in the denominaThe Treasury Notes of Series A-1939 are
tendered, as indicated below,—
tions and amounts as indicated below:
When both coupon securities and registered
securities are desired,
use a separate subscription form for each.

Indicate by X mark
In registered
form

In coupon
form

Number of Pieces

Par Amount

Denominations

Delivered to you herewith

Leave this Space Blank

$

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

$

Safekeeping Department

$

Discount Department

$50

m

$

100
500
1,000
5,000
To be delivered to you for our
account by

10,000
X X

X

X

X

X

X

X

X

X

100,000
Total
Payment of the amount of premium ($25.00 per $1,000) on the Treasury securities allotted on this subscription, less
the amount of accrued interest from December 15, 1938 to March 15, 1939 ($5.25412 per $1,000) on the Treasury notes
tendered, (a net difference of $19.74588 per $1,000) will be made by the undersigned on or before March 15, 1939, as
follows:
By check herewith

By charge to our reserve account, which you
are authorized to make

•

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

Against
payment of

Par amount
$

$

Dispose of such
payment as follows
Credit our reserve account
*

The undersigned, if a bank or trust company, hereby certifies (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; (&) that such securities as are hereby pledged,
as indicated in item numbered 2 above, are either the sole property of the undersigned or are the property of its customers who have
authorized the undersigned 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 or are the property of its customers
who have authorized the undersigned in writing to cause their said securities to be so delivered.
U ^ 1 Before signing fill in all required spaces.

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

Name of Subscriber.
(Please print)
BY
(Official signature)

•

Confirmation of a telegram

•

Confirmation of a letter

•

(Title)

Street address.

City, Town or Village, and State

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

DELIVERY

Eeceived

Taken from vault

Checked

Counted

Recorded

Checked

Blotter
Acknowledged

Delivered


FlOURED

CHECKED

SCHEDULE FOR ISSUE OF REGISTERED BONDS
Names and addresses must be printed or typewritten.
Indicate under appropriate denominations, number of bonds desired.
Name in which bonds shall be registered, and postoffice address for interest checks and mail.




Amount

$50

$100

$500

$1,000

$5,000

$10,000

X X X

$10

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of banking institution)

Post office address

Name of Customer

Address

State

Amount Subscribed

(.Please print or use typewnter')

::::::: ; ;

z zzizzzzz:

_

, _ _ _
::

==ZZZE::ZZ

:::: z

:

:

:

zz:

: ::::
:::: : zzzzzzzz:
zzzzzzzzzzzzzzzzz::::
\
"
"




EA-B-L

EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1960-65
ADDITIONAL ISSUE
Dated December 15,1938

Due December 15, 1965

NOTE:
The securities of the United States which are tendered should be surrendered with this exchange subscription, except that if
such securities are now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given
accordingly in the space below. Coupons dated June 15, 1939, must be attached to such securities.
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.

Dated at.
FEDERAL RESERVE BANK OF NEW YORK,

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

1939

DEAR SIRS :

Pursuant to the provisions of Treasury Department Circular No. 603, dated March 6, 1939, the undersigned hereby
subscribes at 102% and accrued interest from December 15, 1938, for United States of America 2% percent Treasury Bonds
of 1960-65 in payment of the face amount of which United States of America 2y$ percent Treasury Notes of Series A-1939,
maturing June 15,1939, are tendered, as stated below:
For own account
For our customers as shown on attached list.
(Bo not fill in unless subscriber is a banking institution.)

Total Subscription
The Treasury Notes of Series A-1939 are
Issue Treasury securities allotted on this subscription in the denominatendered, as indicated below,—
tions and amounts as indicated below:
When both coupon securities and registered
securities are desired,
use a separate subscription form for each.

Indicate by X mark
In coupon
form

Number of Pieces

In registered
form

Leave this Space Blank

Par Amount

Denominations

Delivered to you herewith

$.

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

$

Safekeeping Department

$

Discount Department

$50

$

100
500
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
Payment of the amount of premium ($23.75 per $1,000) and accrued interest from December 15, 1938 to March 15,
1939 ($6.79945 per $1,000) on the Treasury securities allotted on this subscription, less the amount of accrued interest
from December 15, 1938 to March 15, 1939 ($5.25412 per $1,000) on the Treasury notes tendered, (a net difference of
$25.29533 per $1,000) will be made by the undersigned on or before March 15, 1939, as follows:
By check herewith

By charge to our reserve account, which you
are authorized to make

•

•

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
$

The undersigned, if a bank or trust company, hereby certifies (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; (6) that such securities as are hereby pledged,
as indicated in item numbered 2 above, are either the sole property of the undersigned or are the property of its customers who have
authorized the undersigned 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 or are the property of its customers
who have authorized the undersigned in writing to cause their said securities to be to delivered.
P I " Before signing fill in all required spaces.

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

Name of Subscriber
(Please print)

By

•

Confirmation of a telegram

•

Confirmation of a letter

•

(Official signature)

(Title)

Street address
City, Town or Village, and State.

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

EECEIPT

Eeceived

Taken from vault

Checked

Counted

Recorded

Checked

Blotter
Acknowledged

Delivered


FIGURED

CHECKED

IEDULE 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 checki and mail.




Amount

$50

$100

$500

$1,000

$5,000

$10,000

X X X

$10

•

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of banking institution)

Post office address

Name of Customer
{Please print or use typewriter)




Address

State

Amount Subscribed

XR-X

ORIGINAL

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 2% Percent Treasury Notes of Series A-1939
surrendered in partial payment for United States of America 1% Percent Treasury Notes of Series B-1943, additional issue, subscribed for and allotted
in full pursuant to the terms of Treasury Department Circular No. 605, dated March 6, 1939. If sueh new securities issued in exchange for those surrendered are to be delivered at the Federal Reserve Bank of New York over the counter to your representative the ' ' authority to deliver'' set forth below
should be duly executed and returned to us.

FEDERAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date Received

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 Y"ork United
States Government obligations at par in the amount stated above in
exchange for United States Government obligations surrendered in
partial 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 partial payment as indicated in the above non-negotiable receipt.
Name
By.
(Please print)
(Official signature required)
(Signature of authorized representative)


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

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 A-1939
surrendered in partial payment for United States of America 1% Percent Treasury Notes of Series B-1943, additional issue, subscribed for and allotted
in full pursuant to the terms of Treasury Department Circular No. 605, dated March 6, 1939. 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
Refer to your letter dated




Mail Sheet No.
No..

Teller.

NR-B1

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 A-1939
surrendered in partial payment for United States of America 2% Percent Treasury Bonds of 1950-52, additional issue, subscribed for and allotted in
full pursuant to the terms of Treasury Department Circular No. 604, dated March 6, 1939. 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 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
partial 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 partial payment as indicated in the above non-negotiable receipt.
Name
By

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




Date

DUPLICATE

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

Number...
Date

Town
State
Receipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series A-1939
lurrendered in partial payment for United States of America 2% Percent Treasury Bonds of 1950-52, additional issue, subscribed for and allotted in
full pursuant to the terms of Treasury Department Circular No. 604, dated March 6, 1939. If such new securities issued in exchange for those surrenlered 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
mould be duly executed and returned to us.

FEDERAL RESERVE BANK or NEW YOEK

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




Mail Sheet No.
No.

Teller

'IG1NAL

NR-B

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

ssued to.

Date

Street.

Town
State.
Eeceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series A-1939
urrendered in partial payment for United States of America 2% Percent Treasury Bonds of 1960-65, additional issue, subscribed for and allotted in
ull pursuant to the terms of Treasury Department Circular No. 603, dated March 6, 1939. If such new securities issued in exchange for those surrenered 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
hould be duly executed and returned to us.

FEDERAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Date Received

Marl Sheet No.

Refer to your letter dated

Teller

No.

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
partial 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 partial 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.
Street.

Date

Town....
State.
Keceipt is hereby acknowledged of $
par amount United States of America 2% Percent Treasury Notes of Series A-1939
surrendered in partial payment for United States of America 2% Percent Treasury Bonds of 1960-65, additional issue, subscribed for and allotted in
full pursuant to the terms of Treasury Department Circular No. 603, dated March 6, 1939. 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 Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102