8 Percent Notes of Series V

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FEDERAL RESERVE BANK
O F N E W YORK
Fiscal Agent of the United States

'Circular No. 2 1 9 8 1
April 9, 1941
J

)ffering of Reconstruction Finance Corporation % Percent Notes of Series U,
Dated and bearing interest from April 17, 1941

Due October 15, 1942

•ffering of Reconstruction Finance Corporation V/g Percent Notes of Series V,
Dated and bearing interest from April 17, 1941

Due July 15, 1943

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

The Secretary of the Treasury, on behalf of the Reconstruction Finance Corporation, today announced the following cash offerings:
An offering, at par and accrued interest, of $300,000,000, or thereabouts, of
notes of the Reconstruction Finance Corporation, designated % percent
notes of Series U, dated and bearing interest from April 17, 1941, due
October 15, 1942.
An offering, at par and accrued interest, of $300,000,000, or thereabouts, of
notes of the Reconstruction Finance Corporation, designated 1% percent
notes of Series V, dated and bearing interest from April 17, 1941, due
July 15,1943.
The terms of these offerings are set forth in Treasury Circulars Nos. 658 and
659, dated April 9, 1941, copies of which are printed on the following pages.
The subscription books for these offerings 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 Reconstruction Finance 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
a complete classification of the subscriptions, if any, for the customers of the subscribing bank as provided for in the subscription blank.

ALLAN SPROUL,

President.

RECONSTRUCTION FINANCE CORPORATION
V» PERCENT NOTES OF SERIES U, DUE OCTOBER 15, 1943
Dated and bearing interest from April 17, 1941
FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE
UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE

TREASURY DEPARTMENT,

Department Circular No. 658
Fiscal Service

OFFICE OF THE SECRETARY,
v

Bureau of the Public Debt

-nrr I •

-i n * n i *

Washington, April 9, 1941.
I. OFFERING OF NOTES

1. The Secretary of the Treasury, on behalf of the Reconstruction Finance Corporation,
invites subscriptions, at par and accrued interest, from the people of the United States for
notes of the Reconstruction Finance Corporation, designated % percent notes of Series U. The
amount of the offering is $300,000,000, or thereabouts.
II. DESCRIPTION OF NOTES
1. The notes will be dated April 17, 1941, and will bear interest from that date at the rate
of % percent per annum, payable on a semiannual basis on October 15,1941, and on April 15 and
October 15, 1942. They will mature October 15, 1942, and will not be subject to call for redemption prior to maturity.
2. The notes will be issued under authority of an act of Congress (known as ''Reconstruction
Finance Corporation Act") approved January 22, 1932, as amended and supplemented. The
income derived from the notes shall be subject to all Federal taxes, now or hereafter imposed.
The notes shall be subject to estate, inheritance, gift or other excise taxes, whether Federal or
State, but shall be exempt from all taxation now or hereafter imposed on the principal or interest
thereof by any Territory, dependency, or possession of the United States, or by any State, county,
municipality, or local taxing authority. These 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 provides that in the event the Reconstruction Finance Corporation
shall be unable to pay upon demand, when due, the principal of or interest on notes issued by
it, the Secretary of the Treasury shall pay the amount thereof, which is authorized to be
appropriated, out of any moneys in the Treasury not otherwise appropriated, and thereupon to
the extent of the amounts so paid the Secretary of the Treasury shall succeed to all the rights
of the holders of such notes.
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. Subscribers must agree not to sell or otherwise dispose of
their subscriptions, or the securities which may be allotted thereon, prior to the closing of the
subscription books. 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 April 17, 1941, 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.

RECONSTRUCTION FINANCE CORPORATION
1V4 PERCENT NOTES OF SERIES V, DUE JULY 15, 1943
Dated and bearing interest from April 17, 1941
FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE
UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE

>»«

TREASURY DEPARTMENT,

Department Circular No. 659
Fiscal Service
Bureau of the Public Debt

.OFFICE OF THE bECRETARY,
.
.
Washington, April 9, 1941.

I. OFFERING OF NOTES
1. The Secretary of the Treasury, on behalf of the Reconstruction Finance Corporation,
invites subscriptions, at par and accrued interest, from the people of the United States for
notes of the Reconstruction Finance Corporation, designated 1% percent notes of Series V. The
amount of the offering is $300,000,000, or thereabouts.
II. DESCRIPTION OF NOTES
1. The notes will be dated April 17, 1941, and will bear interest from that date at the
rate of 1% percent per annum, payable on a semiannual basis on July 15, 1941, and thereafter
on January 15 and July 15 in each year until the principal amount becomes payable. They will
mature July 15, 1943, and will not be subject to call for redemption prior to maturity.
2. The notes will be issued under authority of an act of Congress (known as "Reconstruction
Finance Corporation Act") approved January 22, 1932, as amended and supplemented. The
income derived from the notes shall be subject to all Federal taxes, now or hereafter imposed.
The notes shall be subject to estate, inheritance, gift or other excise taxes, whether Federal or
State, but shall be exempt from all taxation now or hereafter imposed on the principal or interest
thereof by any Territory, dependency, or possession of the United States, or by any State, county,
municipality, or local taxing authority. These 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 provides that in the event the Reconstruction Finance Corporation
shall be unable to pay upon demand, when due, the principal of or interest on notes issued by
it, the Secretary of the Treasury shall pay the amount thereof, which is authorized to be
appropriated, out of any moneys in the Treasury not otherwise appropriated, and thereupon to
the extent of the amounts so paid the Secretary of the Treasury shall succeed to all the rights
of the holders of such notes.
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. Subscribers must agree not to sell or otherwise dispose of
their subscriptions, or the securities which may be allotted thereon, prior to the closing of the
subscription books. 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 ease 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
t)t 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 April 17, 1941, 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 Reserve1 Banks are authorised 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 B A N E OF N E W YORK

Application Number

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to Reconstruction Finance Corporation Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1941

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

(par value)

RECONSTRUCTION FINANCE CORPORATION 1% PERCENT NOTES OF SERIES V
DATED APRIL 17, 1941, DUE JULY IS, 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)
Reserve Bank
member bank.
- - (b)
bank and that

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

Application Number

LETTER OF INSTRUCTIONS
To FEDERAL RESERVE BANK OP NEW YORE,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1941

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

(par value)

RECONSTRUCTION FINANCE CORPORATION 1% PERCENT NOTES OF SERIES V
DATED APRIL 17, 1941, DUE JULY 15, 1943

for which we applied under the provisions of the Treasury Department's circular containing the offering of snch
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

DENOMINATIONS
Pieces

Par Value

1. Deliver over the counter to the undersigned
2. Ship to the undersigned.
3. Hold in safekeeping [For member
bank onlv)
4. Hold as collateral for War Loan
deposits
5. Deliver as indicated bel()W—

Leave Blank

XXX
XXX
XXX

$1,000

Deliver to:

5,000

&-$....
*
$
$...

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.

t3g~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.

Name of Subscriber.
By.

( P I M M print)

(Official signature required)

(Title)

Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW

PAYMENT EEOOED

Delivery Receipt
Eeeeived from FEDERAL RESERVE BANK OF NEW YORK the above described

PAYMENT RECEIVED
R/A

DELIVEB AGAINST PAYMENT

Eeeonstruction Finance Corporation obligations allotted in the amount indicated above.

OF $

Date

CASH

Taken from Vault

http://fraser.stlouisfed.org/
NA-RFC-NL
Federal Reserve Bank of St. Louis

Counted

..
Checked

By
Delivered

FEDERAL RESEBVE BANK OP N E W YOBK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to Reconstruction Finance Corporation Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1941

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

(par value)

RECONSTRUCTION FINANCE CORPORATION % PERCENT NOTES OF SERIES U
DATED APRIL 17, 1941, DUE OCTOBER 15, 1942

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 ia due,
but such check need not necessarily accompany the attached letter of instructions. The proceeds of a check tendered in payment by
subscriber on the date of this issue, drawn on the Federal Beserve Bank of New York, will be immediately available on the date of this
issue. Should a subscriber wish to make payment by certified check on any other bank the securities can not be delivered until the
Federal 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.

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

Application Number

LETTER OF INSTRUCTIONS
To FEDERAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1941

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

(par value)

RECONSTRUCTION FINANCE CORPORATION % PERCENT NOTES OF SERIES U
DATED APRIL 17, 1941, DUE OCTOBER 15, 1942
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

DENOMINATIONS
Par Value

Pieces

1. Deliver over the counter to the undersigned
2. Ship to the undersigned.
3. Hold in safekeeping [For member
bank only)
4. Hold as collateral for W a r Loan
deposits
5. Deliver as indicated below

Leave Blank

XXX
XXX

XXX

$1,000

Deliver t o :

5,000

sk
$....
<fc
$
$
Against
Payment of

Par Amount
$

10,000

XX XXX

100,000
Total

and credit proceeds to our ] leserve 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 S above are either the sole
property of the undersigned or the property of its customers who have authorized in writing such disposition.

13?" 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.

Name of Subscriber.

(Pleas* print)

By.

(Official signature required)

(Title)

Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW
PAYMENT EECORD

Delivery Eeceipt
Eeceived from FEDERAL EESERVE BANK OF NEW YORK the above described

PAYMENT RECEIVED
DELIVER AGAINST PAYMENT

R/A$

Eeconstruction Finance Corporation obligations allotted in the amount indicated above.

Subscriber
Date.

CASH

Taken from Vault

NA-RFC-NS

Counted

By.

Checked

Delivered

Special Notice to Subscribers Located in the
Borough of Manhattan of the City of New York
If you desire delivery of securities on April 17, 1941 "Letter of
Instructions" accompanying allotment notice should be returned to
this bank by messenger by 3 p.m., Tuesday, April 15, 1941.

SL. 3

FEDERAL RESERVE B A N K OF N E W 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 April 17, 1941 "Letter of
Instructions" accompanying allotment notice should be mailed to this
bank immediately in the special return envelope enclosed herewith.
FEDERAL RESERVE BANK OF NEW YORK,
SL

• FRASER
Digitized for

Fiscal A gent of the United States.

FEDERAL RESERVE BANK

RFC-ATS-1 .NS

OF NEW YORK

ADVICE TO SUBSCRIBER

SECURITY DEPARTMENT

Acknowledging Receipt of Gash Subscription
For Reconstruction Finance Corporation Obligations Mentioned Below
To

Application No.
Date

r
L

J
Your cash subscription for $
Reconstruction Finance Corporation % Percent Notes of Series U, Dated April 17, 1941, Due October 15, 1942
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 Reconstruction Finance 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

CARD

RFC-ATS-2.NS
SECURITIES DEPARTMENT

RECORD

Application No.
Date

Cash subscription received
from above subscriber for $
Reconstruction Finance Corporation % Percent Notes of Series U, Dated April 17, 1941, Due October 15, 1942

AMOUNT ALLOTTED $.

FEDERAL RESERVE BANK
OF NEW YORK

RFC-ATS-3.NS
SECURITIES DEPARTMENT

PAYMENT AND DISPOSITION RECORD

Application No.

Date

Cash subscription received
from above subscriber for $
Reconstruction Finance Corporation % Percent Notes of Series U, Dated April 17, 1941, Due October 15, 1942
DATE

CHARGE

CASH

DELIVERY TELLER

GOV. DEPOSIT

SHIP

ALLOTMENT
PREMIUM AND/OR
INTEREST
DISPOSITION

PURCHASE PRICE
DEPOSIT
PRINCIPAL DUE
REFUND
BALANCE
ACCRUED INT.

Digitized
FRASER
AMOUNTforDUE

OVER COUNTER

SAFEKEEPING

SPECIAL DELIVERY INSTRUCTIONS

FEDERAL RESERVE BANK

RFC-ATS-1.NL

OF NEW YORK

ADVICE

SUBSCRIBER

SECURITIES DEPARTMENT

Acknowledging Receipt of Cash Subscription
For Reconstruction Finance Corporation Obligations Mentioned Below
To

Application No.
Date

r
L

J
Your cash subscription for $
Reconstruction Finance Corporation \l/g Percent Notes of Series V, Dated April 17,1941, Due July 15,1943
has been received by this bank, as fiscal agent of the United States, and, pursuant to the provisions of the Treasury
Department's circular offering the above-mentioned obligations of the Reconstruction Finance 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

CARD

RFC-ATS-2.NL
SECURITIES DEPARTMENT

RECORD

Application No.
Date

Cash subscription received
from above subscriber for $
Reconstruction Finance Corporation 1V8 Percent Notes of Series V, Dated April 17,1941, Due July 15,1943

AMOUNT ALLOTTED $.

FEDERAL RESERVE BANK
OF NEW YORK

RFC-ATS-3.NL
SECURITIES DEPARTMENT

PAYMENT AND DISPOSITION RECORD

Application No.

Date

Cash subscription received
from above subscriber for $
Reconstruction Finance Corporation \y% Percent Notes of Series V, Dated April 17,1941, Due July 15, 1943
CHARGE

DATE

CASH

DELIVERY TELLER

GOV. DEPOSIT

SHIP

ALLOTMENT
PREMIUM AND/OR
INTEREST
DISPOSITION

PURCHASE PRICE
DEPOSIT
PRINCIPAL DUE
REFUND
BALANCE
ACCRUED INT.

AMOUNT DUE

OVER COUNTER
•

SAFEKEEPING

SPECIAL DELIVERY INSTRUCTIONS

IB-RFC-NS
Application Number

FEDERAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION
To Reconstruction Finance Corporation Obligations
Described Below
Dated at
.1941

This application must be accompanied by payment of 10 percent of the amount applied for.
Subscriptions must be for even multiples of $1,000.

FEDERAL RESEBVE 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. 658, dated April 9, 1941, please enter our
(my) subscription for $

(par value)

RECONSTRUCTION FINANCE CORPORATION % PERCENT NOTES OF SERIES U
DATED APRIL 17, 1941
DUE OCTOBER 15, 1942
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
Subscriber . . .

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

Sign here

Original subscription

Street address.

Confirmation of a telegram
Confirmation of a letter

•

(Print name)
(Official Signature Required)

(City, Town or Village, and State)

SPACES BELOW ABE FOB THE USE OF THE FEDEBAL BESEBVE BANK OF NEW YOBK
SUBSCRIPTION RECORD

ALLOTMENT AND PAYMENT

BLOTTER

EXAMINED FOR
CLASSIFICATION

ALLOTMENT

OWN ACCOUNT
CHECKED

CHECKED

DEPOSIT

EXAMINED

CARDED

REFUNDED

ACKNOWLEDGED

BALANCE
DISPOSITION

FIGURED CHECKED ADVISED
DATE
DATE
DATE PAID

IB-RFC-NL
Application Number

FEDERAL RESERVE BANK OP NEW YOBK

Fiscal Agent of the United States

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION
To Reconstruction Finance Corporation Obligations
Described Below
Dated at
.1941

This application must be accompanied by payment of 10 percent of the amount applied for.
Subscriptions must be for even multiples of $1,000.

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. 659, dated April 9, 1941, please enter our
(my) subscription for $
(par value)
RECONSTRUCTION FINANCE CORPORATION i y 8 PERCENT NOTES OF SERIES V
DATED APRIL 17, 1941

DUE JULY 15, 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
dosing 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

•

Subscriber . . .
(Print name)

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

Sign here

Original subscription

Street address.

(Official Signature Required)

Confirmation of a telegram
Confirmation of a letter

r~j

(City, Town or Village, and State)

SPACES BELOW ABE FOB THE USE OF THE FEDEBAL BESEBVE BANK OF NEW YOEK
SUBSCRIPTION RECORD

ALLOTMENT AND PAYMENT

BLOTTER

EXAMINED FOR
CLASSIFICATION

ALLOTMENT

OWN ACCOUNT
CHECKED

CHECKED

DEPOSIT

EXAMINED

CARDED

REFUNDED

ACKNOWLEDGED

BALANCE
DISPOSITION

FIGURED CHECKED ADVISED
DATE
DATE
DATE PAID

BTC-RFC-NS
FEDERAL RESERVE B A N K OF N E W YORK

Application Number

Fiscal Agent of the United States

Cash Subscription by Banking Institution
To Reconstruction Finance Corporation Obligations
Described Below
Dated at
.1941

FEDERAL RESERVE BANK OP NEW YORK,

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

Pursuant to the provisions of Treasury Department Circular No. 658, dated April 9, 1941, please enter subscription as follows for

RECONSTRUCTION FINANCE CORPORATION % PERCENT NOTES OF SERIES U
DATED APRIL 17, 1941
DUE OCTOBER 15, 1942
(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

(To

SUBSCRIBES: DO

CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(For example: Class A —10 at $1,000)
(Subscriptions must be for even multiples of $1,000.)
not show on this form denominations of securities of this issue to be desired on allotment.)

CLASS A
CLASS Bl
CLASS B2
CLASS C
Subscriptions of $1,000
Subscriptions over SI,000 to $5,000 Inclusive Subscriptions over $5,000 to 810,000 Incl. Subscriptions over 810,000 to $50,000 Incl.
Amount
Number
of
Amount
Amount
Number of
Number ofl
Amount
Leavft Blank Number of
Leave Blank Subscript's
Leave Blank Subscript's
of Each
Leave Blank
of Each
of Each
1
of Each
Subscript's
Subscript's
at
at
at
at
at

at
at
at

CLASS E
CLASS F
CLASS D
CLASS G
Subt< riptiona of over $1,000,000
Subscriptions over $50, )00 lo S.100,000 Incl. Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,000,000 Inclusive
Amount
Number of 1
Amount
Number of
Number of
Number ofl
Amount
Amount
Leave Blank Subscript's |
Leave Blank Subscript's 1
Leave Blank Subscript's
Leave Blank
of Each
of Each
Subscript's
of Each
of Each
at

i
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 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 'K
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 $
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 -

•

By check

"Fill in all required spaces before signing.
TO SUBSCRIBES:
Mark (X) in proper apace
to indicate if this is:

(Name of Banking Institution]

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

•• •
'• •
[J

By
(Title)

(Official signature)
Address
(City, Town or Village, and State)

SPACES BELOW ABE! FOB THE USE OF THE FEDEBAL BESEBVE BANK
SUBSCRIPTION RECORD

BLOTTER

EXAMINED FOR
CLASSIFICATION
CHECKED

EXAMINED

CARDED

ACKNOWLEDGED

Figured Checked Advised
D
DISPOSITION

OWN ACCOUNT
CHECKED

PAYMFNT

ALLOTMENT

R/A
C

•

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

BTC-RFC-NL
FEDERAL RESERVE BANK OF NEW YORK

Application Number

Fiscal Agent of the United States

Cash Subscription by Banking Institution
To Reconstruction Finance Corporation Obligations
Described Below
Dated at.
.1941

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. 659, dated April 9, 1941, please enter subscription as follows for

RECONSTRUCTION FINANCE CORPORATION 1% PERCENT NOTES OF SERIES V
DATED APRIL 17, 1941
DUE JULY 15, 1943
(Not to exceed one-half of combined capital

For our own account (not classified below).. $_
and surplus as certified in (c) below).
For our customers (classified below)
.
Total Subscription
$_
CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(For example: Class A —10 at $1,000)
(Subscriptions must be for even multiples of $1,000.)
(To SUBSCRIBER: DO not show on this form denominations of securities of this issue to be desired on allotment.)
CLASS A
Subf icriptions of $1,000

Number of 1
Subscript's)

Amount
of Each

Leave Blank

CLASS Bl
CLASS B3
CLASS C
Subscriptions over $1,000 to $5,000 Inclusive Subscriptions over $5,000 to $10,000 Incl. Subscriptions over $10,000 to $50,000 Incl
Number of 1 Amount
Number of 1 Amount
Number of 1 Amount
Leave Blank Subscript's |
Subscript's |
of Each
of Each
Leave Blank Subscript's 1 of Each
Leave Blank

at
at
at

CLASS D
CLASS F
CLASS E
Subscriptions over $60,000 to $100,000 Incl. Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,00
Number of 1 Amount
Number of 1 Amount
Number of 1 Amount
Subscript's)
of Each
Leave Blank Subscript's (
Leave Blank
of Each
Leave Blank Subscript's 1 of Each

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

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 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;
(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 $
We agree:
in consideration of the receipt by you of 1his 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 -

- •

in all required spaces before signing.
TO SUBSCRIBER:
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
Address

(Official signature)

(Title)
(City, Town or Village, and State)

SPACES BELOW ABE FOB THE USE OP THE FEDERAL BESEBVE BANK
SUBSCRIPTION RECORD
BLOTTER
OWN ACCOUNT
CHECKED
EXAMINED
ACKNOWLEDGED

EXAMINED FOR
CLASSIFICATION
CHECKED
CARDED

PAYMENT

ALLOTMENT
Figured Checked Advised
DISPOSITION

D
R/A
C

•

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

Post office address

Name of Customer
(Plecue print or use typewriter)

Address

State.

Amount Subscribed

FEDERAL RESERVE BANK
OF NEW YORK

April 9, 1941.

To all Banking Institutions in the
Second Federal Reserve District:

We are pleased to announce that Citizens Trust Company
of Summit, New Jersey, Summit, New Jersey, has become a
member of the Federal Reserve System effective April 9, 1941.

ALLAN SPKOUL,

President.