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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States
Circular No.
2102
July 24, 1940

Offering of Commodity Credit Corporation 3/4 Percent Notes of Series F,
Due May 1, 1943
Dated and bearing interest from August 1, 1940
FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE
UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE
Exempt both as to principal and interest from all Federal, State, municipal, and local taxation
(except surtaxes, estate, inheritance, and gift taxes)
To all Banking Institutions and Others Concerned in the
Second Federal Reserve District:

Secretary of the Treasury Morgenthau, on behalf of the Commodity Credit Corporation,
is today offering for subscription, through the Federal Reserve banks, $250,000,000, or thereabouts, of Commodity Credit Corporation % percent notes of Series F, dated and bearing
interest from August 1, 1940, due May 1, 1943. The terms of the offering are set forth in
Treasury Circular No. 638, dated July 24, 1940, a copy of which is printed on the following
pages.
Attention is invited to the following additional certification which appears on the cash
subscription forms:
On Cash Subscription by Banking Institution
1
* That this subscription is solely for our own account or for the account of the customers
specified herein; that no arrangements have been or will be made for the sale or other disposition
of our subscription, or of the securities which may be allotted thereon, prior to the closing of the
subscription books; and that our customers whose subscriptions are included herein will be
requested to confirm to us their agreement to the same conditions with respect to their
subscriptions."
On Cash Subscription by Other than a Banking Institution
1
* That this subscription is solely for subscriber's own account; that no arrangements have
been or will be made for the sale or other disposition of this subscription, or of the securities
which may be allotted thereon, prior to the closing of the subscription books.''

In announcing the offering the Secretary of the Treasury stated that the new certification
is designed to eliminate the practice of making formal or informal contracts for the sale of
subscriptions or allotments before the closing of the books. This practice has been discouraged
by the Treasury and the Federal Reserve banks but has still persisted to some extent on recent
issues.
The subscription books are now open, and applications will be received by this bank as
fiscal agent of the United States. Subscriptions will not be received at the Commodity Credit
Corporation. 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. HAERISOK,

President.

COMMODITY CREDIT CORPORATION
34 PERCENT NOTES OF SERIES F, DUE MAY 1, 1943
Dated and bearing interest from August 1, 1940
FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE
UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE
Exempt both as to principal and interest from all Federal, State, municipal, and local taxation
(except surtaxes, estate, inheritance, and gift taxes)

1940

Department Circular No. 638

TREASURY DEPARTMENT,
„

:

_.

OFFICE OF THE SECRETARY,

Fiscal Service

.^

Bureau of the Public Debt

.

Washington, July 24,1940.
I. OFFERING OF NOTES

1. The Secretary of the Treasury, on behalf of the Commodity Credit Corporation, invites
subscriptions, at par and accrued interest, from the people of the United States for notes of the
Commodity Credit Corporation, designated % percent notes of Series F. The amount of the offering is $250,000,000, or thereabouts.
II. DESCRIPTION OF NOTES
1. The notes will be dated August 1, 1940, and will bear interest from that date at the rate
of % percent per annum, payable on a semiannual basis on November 1, 1940, and thereafter on
May 1 and November 1 in each year until the principal amount becomes payable. They will mature
May 1, 1943, and will not be subject to call for redemption prior to maturity.
2. These notes are issued under the authority of the act approved March 8,1938, (Public No.
442-75th Congress), as amended, which provides that these notes shall be fully and unconditionally
guaranteed both as to interest and principal by the United States; that they shall be deemed and
held to be instrumentalities of the Government of the United States, and as such they and the
income derived therefrom shall be exempt from Federal, State, municipal, and local taxation
(except surtaxes, estate, inheritance, and gift taxes); and that the notes shall be lawful investments and may be accepted as security for all fiduciary, trust, and public funds the investment
or deposit of which shall be under the authority or control of the United States or any officer or
officers thereof.
3. The authorizing act further provides that in the event the Commodity Credit Corporation
shall be unable to pay upon demand, when due, the principal of, or interest on, such obligations,
the Secretary of the Treasury shall pay to the holder the amount thereof which is authorized to
be appropriated, out of any money in the Treasury not otherwise appropriated, and thereupon
to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights
of the holders of such obligations.
4. Bearer notes with interest coupons attached will be issued in denominations of $1,000,
$5,000, $10,000 and $100,000. The notes will not be issued in registered form.
III. SUBSCRIPTION AND ALLOTMENT
1. Subscriptions will be received at the Federal Reserve Banks and Branches and at the
Treasury Department, Washington. Banking institutions generally may submit subscriptions for
account of customers, but only the Federal Reserve Banks and the Treasury Department are




authorized to act as official agencies. Others than banking institutions will not be permitted to
enter subscriptions except for their own account. 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 notes applied for.
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, and to close the books as to any or all
subscriptions at any time without notice; and any action he may take in these respects
shall be final. Allotment notices will be sent out promptly upon allotment, and the basis of the
allotment will be publicly announced.
IV. PAYMENT
1. Payment at par and accrued interest, if any, for notes allotted hereunder must be made
or completed on or before August 1, 1940, 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.
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.

FEDERAL RESERVE BANK

CCC-ATS—1.N

OF NEW YORK

ADVICE TO SUBSCRIBER

SECURIT.ES DEPARTMENT

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

Application No.

r

i

Date

Your cash subscription for $
Commodity Credit Corporation % Percent Notes of Series F, Dated August 1, 1940, Due May 1, 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 Commodity Credit Corporation, allotment
notices will be sent out promptly upon allotment and allotments will be made on the basis and up to the amounts
indicated by the Secretary of the Treasury to this bank.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Checked by.



FEDERAL RESERVE BANK
OF NEW YORK

To

CCC—ATS—2.N
r
A Dn
CARD nr/"»^^m"\
RECORD

SECURITIES DEPARTMENT

Application No.
Date

Cash subscription received
from above subscriber for $
Commodity Credit Corporation % Percent Notes of Series F, Dated August 1, 1940, Due May 1, 1943




AMOUNT ALLOTTED $.

IB-CCC-N
FEDERAL EESEBVE B A N K OF N E W YOEK

Lot Number

Application Nnmber

Fiscal Agent of the United States

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION
To Commodity Credit Corporation Obligations

Described Below
Dated at.
.1940

This application must be accompanied by payment of 10 percent of the amount applied for.
Subscriptions can be made only for $1,000 or in multiples of $1,000.
PEDEBAL 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. 638, dated July 24, 1940, please enter our (my)
subscription for $

(par value)

COMMODITY CREDIT CORPORATION
DATED AUGUST 1, 1940

PERCENT NOTES OF SERIES F
DUE MAY 1, 1943

The undersigned subscriber
(a) certifies that this subscription is solely for subscriber's own account; that no arrangements have been or will be made
for the sale or other disposition of this subscription, or of the securities which may be allotted thereon, prior to the
closing of the subscription books; and
(b) agrees, 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 the undersigned or (name)
in the manner indicated below.
By check
•

By cash

Q

This is a confirmation of a previous subscription.
WriteYct

Write No
Subscriber ..

(Print name)

Sign here . . . .

(Official Signature Required)

Street address
(City, Town or Village, and State)

SPACES BELOW ABE JOB THE USE OF THE FEDEBAL BESEBVE BANK OF NEW TOBK
EXAMINED

CARDED

Allotment

CLASSIFIED

ACKNOWLEDGED

LEDGER

Figured Checked Advised

DISPOSITION

Released

Payment
Deposit
Date

Date

$

$

By

By Cash
By Check
Check No.

Received

Checked




Interest

Checked

Drawn on

Recorded

Window

Custody

Mail

BTC-CCC-N
FEDERAL BESEBVE B A N K OF N E W YOBK

Lot Number

Application Number

Fiscal Agent of the United States

Cash Subscription by Banking Institution
To Commodity Credit Corporation Obligations
Described Below
Dated at.
.1940

FEDEBAL RESERVE B A N K OP N E W YORK,

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

Pursuant to the provisions of Treasury Department Circular No. 638, dated July 24, 1940, please enter subscription as follows for

COMMODITY CREDIT CORPORATION */A PERCENT NOTES OF SERIES F
DATED AUGUST 1, 1940
DUE MAY 1, 1943
(Not to exceed one-half of combined capital
and surplus as certified in (c) below).

For our own account (not classified below).. $_
For our customers (classified below)

.

Total Subscription

$_

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

SUBSCRIBER :

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

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

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

at

at

at

at

at

at

at

at

at

at

at

at

at

Leave Blank

at
at
at

CLA88 D
Subscription* over $&
Number of 1 Amount
Subscript's 1 of Each

Leave Blank

CLA8S E
Sub's over $100,0
Amount
Number of
of Each
Subscript's

Leave Blank

CLASS F
Sub's over $fiO0,0(
Number of 1 Amount
Subscript's |
of Each

Leave Blank

CLASS G
Subscriptions of over $1,000,0
Number of 1 Amount
Leave Blank
Subscript's 1 of Each

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:
(a) 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 eaah 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;
(b) that this subscription is solely for our own account or for the account of the customers specified herein; that no
arrangements have been or will be made for the sale or other disposition of our subscription, or of the securities
which may be allotted thereon, prior to the closing of the subscription books; and that our customers whose subscriptions are included herein will be requested to confirm to us their agreement to the same conditions with respect
to their subscriptions; and
(c) that our capital and surplus (not including undivided profits, reserves, etc.) is $
e 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 - - - - [ |

By check - -

' Before signing fill is 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

(Name of Banking Institution)

By..

Q

(Official signature)

r~\

(Title)

Address

,
(City, Town or Village, and State)

SPACES BELOW ABE FOB THE USE OF THE FEDERAL RESERVE BANK
Examined

Carded

Ledger

Classified

Acknowled red

TV*.

Governsuwt Deposit

- _ - t.t

.

.

uisposiuon

Hold

Allotment

Kccerwd

Figured

OMCM




Checked

Advised

Recorded

Method of Payment

T i&dow
V

Date Released

AjDOH&t

Costody

Maa

Bv

Other Department!

List of customers' applications included in the foregoing subscription
entered and certified

fry....

T

-••• - , -. .

. .

,

L

(Name of banking institution)

Name of Customer
(Pitt* prim or us* typewriter)




Address

Amount Subscribed

FEDERAL RESERVE B A N K OP N E W YORK

Lot Number

Application Number

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to Commodity Credit Corporation Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1940

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

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES F
DATED AUGUST 1, 1940, DUE MAY 1, 1943

for which you have applied under the provisions of the Treasury Department's circular containing the offering of such
securities for subscription, you have been allotted by the Secretary of the Treasury
$

of the amount applied for.

IMPORTANT INFORMATION FOR SUBSCRIBER
1. To expedite delivery of the securities of this issue allotted to subscriber and to facilitate prompt completion of
this transaction, please observe the following directions, and fill in, sign and return immediately the attached letter of
instructions to the Federal Reserve Bank of New York, Fiscal Agent of the United States, New York, N. Y.
Payment by Check, Cash or Charge
2. On or before the date of this issue payment must be made or completed at par, or at par and accrued interest if
payment is to be made after the date of this issue, for the securities allotted to subscriber as stated above, and payment
therefor may be made by check, cash or charge, as follows:
By Check —A check tendered in payment should be made payable to the order of the FEDERAL RESERVE BANK OF NEW YORK,
FISCAL AGENT OF THE UNITED STATES, and the proceeds thereof must be immediately available on the date that payment is due,
but such check need not necessarily accompany the attached letter of instructions. The proceeds of a check tendered in payment by
subscriber on the date of this issue, drawn on the Federal Eeserve Bank of New York, will be immediately available on the date of thia
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 if he wishes delivery of the securities on the
date of this issue.
By Cash—Payment

may be made in cash.

By Charge —A member bank may make payment by requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.

Delivery
3. (a) Delivery of the securities of this issue 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
nember 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,

Checked by
NA-CCC-N




Fiscal Agent of the United States

Application Number

Lot Number

LETTER OF INSTRUCTIONS
To FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1940

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

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES F
DATED AUGUST 1, 1940, DUE MAY 1, 1943

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:
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

$

Issue and dispose of securities allotted on this subscription as indicated below:
DISPOSITION
1. Deliver over the counter to the undersigned
^

DENOMINATIONS
Par Value

Pieces

Leave Blank

2. Ship to the undersigned
3. Hold in safekeeping
bank only) .

XXX
XXX

$
[For member
&

4. Hold as collateral for War Loan
deposits

$ 1,000
5,000

$

5. Deliver as indicated bel<3W

XXX

$

Deliver to:

Against
Payment of

Par Amount

10,000

$

$

XX XXX

100,000
Total

and credit proceeds to our Reserve account

•

or to our account with
The undersigned, if a bank or trust company, hereby certifies (a) that the securities which you are hereby or hereafter instructed
to dispose of in the manner indicated in item numbered 3 above are the sole property of the undersigned, and (b) that the securities
which you are hereby or hereafter instructed to dispose of in the manner indicated in items numbered 4 and 5 above are either the sole
property of the undersigned or the property of its customers who have authorized in writing such disposition.

JSTThis 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.

Name of Subscriber.
By.

(Please print)

(Official signature required)

(Title)

Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW

Taken from Vault....

Delivery Eeceipt

Paid Stamp

Released
.

Counted....

Eeceived from FEDERAL EESERVE BANK OF NEW YORK the above described

Amount

Commodity Credit Corporation obligations allotted in the amount indicated
above.

Checked
Delivered
NA-CCC-N




Subscriber
By

Date

By

FEDEKAL RESERVE B A N K OP N E W YORK

Lot Number

Application Number

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to Commodity Credit Corporation Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1940

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

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES F
DATED AUGUST 1, 1940, DUE MAY I, 1943

for which you have applied under the provisions of the Treasury Department's circular containing the offering of such
securities for subscription, you have been allotted by the Secretary of the Treasury
$

of the amount applied for.

IMPORTANT INFORMATION FOR SUBSCRIBER
1. To expedite delivery of the securities of this issue allotted to subscriber and to facilitate prompt completion of
this transaction, please observe the following directions, and fill in, sign and return immediately the attached letter of
instructions to the Federal Reserve Bank of New York, Fiscal Agent of the United States, New York, N. Y.
Payment by Check, Cash or Charge
2. On or before the date of this issue payment must be made or completed at par, or at par and accrued interest if
payment is to be made after the date of this issue, for the securities allotted to subscriber as stated above, and payment
therefor may be made by check, cash or charge, as follows:
By Check —A check tendered in payment should be made payable to the order of the FEDERAL RESERVE BANK OF NEW YORK,
FISCAL AGENT OF THE UNITED STATES, and the proceeds thereof must be immediately available on the date that payment is due,
but such check need not necessarily accompany the attached letter of instructions. The proceeds of a check tendered in payment by
subscriber on the date of this issue, drawn on the Federal Reserve 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 if he wishes delivery of the securities on the
date of this issue.
By Cash—Payment

may be made in cash.

By Charge —A member bank may make payment by requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.

Delivery
3. (a) Delivery of the securities of this issue 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 OP NEW YORK,

Fiscal Agent of the United States
Checked by
NA-CCC-N




Special Notice to Subscribers Located in the
Borough of Manhattan of the City of New York
If you desire delivery of securities on August 1, 1940 "Letter of
Instructions" accompanying allotment notice should be returned to
this bank by messenger by 3 p.m., Tuesday, July 30, 1940.

SL.3



FEDERAL RESERVE BANK, OF NEW YORK,

Fiscal Agent of the United States.

Special Notice to Subscribers in the
Second Federal Reserve District Located Outside
the Borough of Manhattan of the City of New York
If you desire delivery of securities on August 1, 1940 "Letter of
Instructions" accompanying allotment notice should be mailed to this
bank immediately in the special return envelope enclosed heretoith.
FEDERAL RESERVE BANK OF NEW YORK,

SL 4



Fiscal Agent of the United States.

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)
1940

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

(par value)

COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES F
DATED AUGUST 1 , 1940, DUE MAY 1, 1943

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:
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

$

Issue and dispose of securities allotted on this subscription as indicated below:
DISPOSITION
1. Deliver over the counter to the undersigned
&

DENOMINATIONS
Pieces

Par Value

Leave Blank

2. Ship to the undersigned
3. Hold in safekeeping
bank only)

XXX
XXX

$
[For member
.<fc

4. Hold as collateral for War Loan
deposits

$ 1,000
5,000

$

5. Deliver as indicated bel<)W

XXX

$

Deliver to:

Against
Payment of

Par Amount

10,000

$

$

XX XXX

100,000
Total

and credit proceeds to our Reserve account

Q

or to our account with
The undersigned, if a bank or trust company, hereby certifies (a) that the securities which you are hereby or hereafter instructed
to dispose of in the manner indicated in item numbered 3 above are the sole property of the undersigned, and (b) that the securities
which you are hereby or hereafter instructed to dispose of in the manner indicated in items numbered 4 and 5 above are either the sole
property of the undersigned or the property of its customers who have authorized in writing such disposition.

CSTThis 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.

Name of Subscriber.
(Please print)

By.

(Title)

(Official signature required)

Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW

Taken from Vault.
Counted

Delivery Eeceipt

Paid Stamp

Eeleased

Eeceived from FEDERAL EESEEVE BANK OP NKW YOSK the above described

Amount

Commodity Credit Corporation obligations allotted in the amount indicated
above.

Checked
Delivered.^
NA-CCC-N




Subscriber.
By.

Date.

By.

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