View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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

Circular No.
2002
November 28, 1939

Offering of United States of America 2 Percent Treasury Bonds of 1948-50
Dated and bearing interest from December 8, 1939

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

Secretary of the Treasury Morgenthau today announced an offering, at par and accrued
interest, of 2 percent bonds of the United States, designated Treasury Bonds of 1948-50. The
amount of the public offering is $500,000,000, or thereabouts. In addition to the amount offered
for public subscription $50,000,000, or thereabouts, of these bonds will be allotted to Government investment accounts. The bonds will be dated and bear interest from December 8, 1939,
will bear interest at the rate of 2 percent per annum and will mature on December 15, 1950.
The terms of this offering are set forth in Treasury Department Circular No. 626 dated
November 28, 1939, copy of which is printed on the following pages.
It will be noted from Section III of Treasury Circular No. 626 that subscriptions for
amounts up to and including $5,000 where the subscribers specify that delivery be made in
registered bonds sixty days after the issue date will be given preferred allotment. In
announcing the offering the Secretary of the Treasury stated that this provision is designed
for the benefit of small investors, and that subscribers for preferred allotment will be
restricted to one subscription.
The subscription books for this offering are now open, and applications will be received by
this bank asfiscalagent 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 a complete classification of the subscriptions, if any,
for the customers of the subscribing bank as provided for in the subscription blank.




GEOEGE L. HAKRISON,

President.

UNITED STATES OF AMERICA
2 PERCENT TREASURY BONDS OF 1948-50
Dated and bearing interest from December 8, 1939

Due December 15, 1950

REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST
ON AND AFTER DECEMBER 15, 1948
Interest payable June 15 and December 15

1939
Department Circular No. 626
Public Debt Service

TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY,

Washington, November 28,1939.
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 par and accrued interest, from the
people of the United States for 2 percent bonds of the United States, designated Treasury Bonds of
1948-50. The amount of the public offering is $500,000,000, or thereabouts. In addition to the amount
offered for public subscription, $50,000,000, or thereabouts, of these bonds will be allotted to Government investment accounts.
II. DESCRIPTION OF BONDS
1. The bonds will be dated December 8, 1939, and will bear interest from that date at the rate of
2 percent per annum payable on a semiannual basis on June 15 and December 15 in each year until the
principal amount becomes payable, the first coupon being dated June 15, 1940. They will mature
December 15, 1950, but may be redeemed at the option of the United States on and after December
15, 1948, 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. Prom 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. 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. 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. Subscriptions for amounts up to and including $5,000 where the subscribers
specify that delivery be made in registered bonds 60 days after the issue date will be given preferred
allotment. In each such case payment must be made as provided in section IV of this circular.
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 hereunder must be made or
completed on or before December 8, 1939, 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 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.
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.

FEDERAL RESERVE BANK OF NEW YORK

Lot Number

Fiscal Agent of the United States

WINDOW TICKET
Pending Delivery, Relating To

NOTICE OF ALLOTMENT
On Cash Subscription for Preferred Allotment of Registered United States Government
Applied for by Subscriber for Delivery 60 Days After the Issue Date.
To Subscriber:

Obligations

1939

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

(par value)

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939, DUE DECEMBER 15, 1950

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.

Lot Number

FEDERAL EESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription for Preferred Allotment of Registered United States Government Obligations
Applied for by Subscriber for Delivery 60 Days After the Issue Date.
To SubscHber:
1939

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

(par value)

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939, DUE DECEMBER 15, 1950

_

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 facilitate 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 cheek need not necessarily accompany the attached letter of instructions. The proceeds of a cheek 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 Reserve 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.
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—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.

Delivery
3. (a) Delivery of the securities of this issue will be made by the Federal Reserve Bank of New York at its head
office in New York, N. Y. Subscriber has specified that delivery be made 60 days after the issue date.
(b) Securities of this issue allotted to subscriber will be delivered over the counter to a representative of the
subscriber only when a letter of authority signed officially by the subscriber identifying such representative is presented
by him.
Further Instructions
4. (a) Securities of this issue will be held for safekeeping by 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 and registered in its name.
(b) It is requested that all blank spaees be typed in where necessary on the attached letter of instructions to
this bank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States
Checked by.
NA B-P



Lot Number

Application Number

LETTER OF INSTRUCTIONS

To FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1939

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

(par value)

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939, DUE DECEMBER 15, 1950

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 the securities of this issue allotted to us as indicated in the schedule on the reverse side.
Payment for such securities will be made or completed as indicated below.
By charge to our reserve account, which you are authorized to make

$

By check

$

By cash

$

By credit to War Loan Deposit Account as shown in the following "Certificate of Advice":
CERTIFICATE OF ADVICE
December 8,1939.
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
Dollars, $

sum of
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 (provided securities are sole property of member bank and registered in its name) $.
2. Deliver over the counter to the undersigned

$.

3. Ship to the undersigned

$.
Name of Subscriber.

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

(Please print)

By
(Official signature)

(Title)

Street address

Fiscal Agent of the United States.
City, Town or Village, and State.
DO NOT USE SPACES BELOW

Paid Stamp

Released

Eeceived from FEDERAL EESEEVE BANK or N E W YOBK the above described

Taken from Vault
Counted

Delivery Eeceipt

Amount

_

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

Checked
Delivered
NA-B-P




By

Date

By

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




Amount

$50

$100

$500

$1,000

$5,000

XXX

X X X

X X

FEDERAL EESERVE B A N K OP N E W YOBK

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:
1939

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

(par value)

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939, DUE DECEMBER 15, 1950

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 cheek tendered in payment by
subscriber on the date of this issue, drawn on the Federal Keserve Bank of New York, will be immediately available on the date of this
issue. Should a subscriber wish to make payment by certified check on any other bank the securities can not be delivered until the
Federal Eeserve Bank of New York, Fiscal Agent of the United States, receives the proceeds of such check, and, therefore, such subscriber
should tender such certified check at least 2 days prior to the date payment is due if he wishes delivery of the securities on the
date of this issue.
By Cash—Payment may be made in cash.
By Charge—A member bank may make payment by requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.
By Credit—(a) If subscriber is a depositary of public moneys qualified under the provisions of Treasury Department Circular No. 92, dated
February 23, 1932, as amended, with respect to special deposits of public moneys under the Act of Congress approved September 24, 1917,
as amended, subscriber will be permitted to make payment by credit in the War Loan Deposit Account for securities of this issue allotted
to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits.
(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 will be made by the Federal Reserve Bank of New York at its head
office in New York, N. Y., and will not be made before the issue date.
(b) Securities of this issue allotted to subscriber will be delivered over the counter to a representative of the
subscriber only when a letter of authority signed officially by the subscriber identifying such representative is presented
by him.
(c) Securities of this issue allotted to subscriber will be delivered to others under special instructions from subscriber but only when such securities are either the sole property of the subscriber or are the property of its customers who
have authorized the subscriber in writing to cause their said securities to be so delivered.
Further Instructions
4. (a) Securities of this issue will be held for safekeeping by, or delivered to the Discount Department of, the Federal
Reserve Bank of New York for the account of member banks only, provided such securities are the sole property of the
member bank.
(b) It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to this
bank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States
Checked by
NA-BL




Application Number

Lot Number

LETTER OF INSTRUCTIONS
To FEDERAL RESERVE BANK OF KEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1939

(par value)

Referring to our subscription, numbered as above indicated, for $
UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939, DUE DECEMBER 15, 1950

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
100
500
1,000
5,000
10,000
100,000

By charge to our reserve account,
which you are authorized to make
Bv check,
Bv cash.
By credit to War Loan Deposit Account as shown in
the following "Certificate of Advice":

Total

CERTIFICATE OF ADVICE
December 8, 1939.
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
TO

$

Dispose of such
payment as follows

Against
payment of

Par amount

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.
Name of Subscriber

GIT This letter of instructions must be signed
officially in the space provided here and
returned immediately to
Federal Reserve Bank of New York,
Fiscal Agent of the United States.

(Please print)
By

,
(Official signature)

(Title)

Street address
City, TOTVTI or Village, and State

DO NOT USE SPACES BELOW

Paid Stamp

Released
Taken from Vault.
Counted

Delivery Receipt
Received from FEDERAL RESERVE BANK OF N E W YORK the above described

Amount

United States Government obligations allotted in the amount indicated above.

Checked
Delivered_._
NA-BL



Subscriber.
Bv

Date.

By.

> BON]
rewritten
Indicate under appropriate denominations, number of bonds desired.
Name in which bonds of this issue shall be registered,
and postoffice address for interest checks and mail.

_____




—

-

Amount

$50

$100

$500

$1,000

$5,000

$10,000

XXX

$10

FEDERAL. RESERVE BANK

SEC-ATS—I.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.

r

i

Date

Your cash subscription for $
United States of America 2 Percent Treasury Bonds of 1948-50, Dated December 8, 1939, Due December 15, 1950
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 OP NEW YORK,

Fiscal Agent of the United States.

Checked by.




FEDERAL RESERVE BANK
OF NEW YORK

To

CARD

SEC—ATS—2.B
SECURITIES DEPARTMENT

RECORD

Application No.
Date

Cash subscription received
from above subscriber for $
United States of America 2 Percent Treasury Bonds of 1948-50, Dated December 8,1939, Due December 15, 1950




AMOUNT ALLOTTED $.

IB-B-L-P-R

CASH SUBSCRIPTION

Lot Number

Application Number

IB

BY OTHER THAN A BANKING INSTITUTION
To United States Government Obligations
Described Below
Dated at.

.1939

Subscriptions for amounts up to and including $5,000 where the subscribers specify that delivery be made in
registered bonds sixty days after the issue date will be given preferred allotment.
A subscriber may enter subscription either for preferred allotment, or for other allotment, but not for both. A
subscriber for preferred allotment will be restricted to one subscription.
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. 626, dated November 28, 1939, please enter
our (my) subscription for

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939
DUE DECEMBER 15, 1950
as indicated in the column filled in below.

SUBSCRIPTION FOR OTHER ALLOTMENT

SUBSCRIPTION FOR PREFERRED ALLOTMENT
Please enter subscription for $
subscriber hereby specifying that delivery be made in
registered bonds sixty days after the issue date so that
this subscription will be given preferred allotment.

Please enter subscription for $
subject to allotment other than preferred allotment.

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 payin the manner indicated below

ment due you will be made by the undersigned or (name)
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.
(City, Town or Village, and State)

SPACES BELOW ABE FOE THE USE OF THE FEDEEAL BESEEVE BANK OF NEW YOBK
EXAMINED

CABBED

Allotment

LEDGES

CLASSIFIED

ACKNOWLEDGED

Figured Checked Advised

Payment
Deposit
Date

DISPOSITION

Released

jj Date

•

By

By Cash
By Check
Check No.

Received

Checked




Interest

Checked

Drawn on

Recorded

Window

Custody

Mail

BTC-B-P

Cash Subscription by Banking Institution
For Preferred Allotment

Lot Number

Application Number

c

Of United States Government Obligations Described Below
For subscriptions on which other allotment is desired, use Form BTC-B-L
Dated at
.1939

Subscriptions for amounts up to and including $5,000 where the subscribers specify that delivery be made in
registered bonds sixty days after the issue date will be given preferred allotment.
A subscriber may enter subscription either for preferred allotment, or for other allotment, but not for both. A
subscriber for preferred allotment will be restricted to one subscription.
FEDERAL RESEBVE BANK OP NEW YORK,

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

Sms:

Pursuant to the provisions of Treasury Department Circular No. 626, dated November 28, 1939, please enter
subscription for

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939
DUE DECEMBER 15, 1950
as indicated below—
For our own account

$

,

For our customers

—

Total Subscription

$

and in each case subscriber specifies that delivery be made in registered bonds sixty days after the date of issue so that
such subscription will be given preferred allotment.
We hereby certify:
that we have received applications from our customers in the amounts set opposite the customers' names on the
attached list which is made a part of this subscription; that there has been paid to us by each such customer, not
subject to withdrawal until after allotment and payment in full for securities allotted, 10 percent of the amount
applied for; that each such application, to the best of our knowledge and belief, is made in good faith for the
customer's legitimate requirements; and that we have no beneficial interest therein.
"We further certify that our capital and surplus (not including undivided profits, reserves, etc.) is $.
We agree:
in consideration of the receipt by you of this subscription, to make payment in full for the entire amount which may
be allotted on this subscription, at par on or before the date of issue, or at par and accrued interest if on later allotment. Such payment will be made by the method indicated hereon.
By charge to our reserve account, which you are
authorized to make
|—I
By check

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

•

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

r~j

(Name of Banking Institution)

By

T~j

(Official signature)

Address

(Title)

(City, Town or Village, and State)

SPACES BELOW ABE FOB THE USE OP THE PEDEBAL BESEBVE BANK
Carded

Examined

Figured

Allotment

Received

Classified

Checked




Ledger

Checked

Advised

Recorded

Acknowledged
Hold
Method of Payment

Window

Disposition

Government Deposit

Date Released

Amount

Custody

Mail

By

Other Departments

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

Post office address

Name of customer in which
bonds shall be registered
(Please print or use typewriter)




Post-Office Address for
interest checks and mail

State.

Amount Subscribed

BTC-B-L

Application Number

This form is to be used for subscriptions on which allotment is
desired other than preferred allotment. Form BTC-B-P should
be used when entering subscriptions for preferred allotment.

Lot Number

c

Cash Subscription by Banking Institution
To United States Government Obligations
Described Below
Dated at.
.1939
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. 626, dated November 28, 1939, please enter
subscription as follows for

UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1948-50
DATED DECEMBER 8, 1939
DUE DECEMBER 15, 1950
*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 B2
CLASS C
CLASS Bl
Subscriptions over SI,000 to .55,000 Inclusive Subscriptions over S5.000 to S10.000 Incl. Subscriptions over S10.000 to S50.000 Incl.
Number of
Amount
Number of
Amount
Amount
Number of
Leave Blank Subscript's
Leave Blank
Leave Blank Subscript's
of Each
of Each
of Each
Subscript's

CLASS A
Subscriptions of $1,000 and under
Number of 1
Amount
1 T e a v e T>Ia nik
Bl
Subscript's I
of Each
I L
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 G
CLASS E
CLASS D
Subscriptions over S50,000 to $100,000 Incl. Sub's over §100,000 to £500,000 Inclusive Sub's over $500,000 to Sl,000,000 Inclusive
Subscriptions of over $1,000,000
Number ofl
Amount
Amount
Number of
Amount
Number of
Amount
Leave Blank
Leave Blank Number of
Leave Blank Subscript's
Leave Blank Subscrip t's
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

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.
B y c h a r g e to our reserve account, which you
authorized to make

are

B y check

.

-

-

-

-

-

-

-

-

-

.

.

.

.

By credit to War Loan Deposit Account

i—i

DV'Before signing fill in all required spaces.

•

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

rn

(Name of Banking Institution)

Original subscription
,
Confirmation of a telegram....
Confirmation of a letter

•
•
•

By.
(Title)

(Official signature)

Address

(City, Town or Village, and State)

•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 Eeserve 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 FEDEEAL EESERVE BANK
Examined

Carded

Allotment

Received

Classified

Figured

Checked




Ledger

Checked

Advised

Recorded

eknowledged
A

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 certined by

Name of Customer
(Pitas* print or utt typewriter)




Amount Subscribed

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