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

r Circular No. 2 8 4 1
L September 20, 1944 J

Offering t o b e m a d e o n S e p t e m b e r 25, 1944
Of

7 /s

Percent Treasury Certificates of I n d e b t e d n e s s of Series G - 1 9 4 5
Dated and bearing interest from October 1, 1944

Due October 1, 1945

I n E x c h a n g e for
Treasury Certificates o f I n d e b t e d n e s s of Series F - 1 9 4 4 , M a t u r i n g October 1, 1944

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

The following press statement was today made public:
Secretary of the Treasury Morgenthau today announced that on Monday, September 25th, an offering will be made, through the Federal Reserve Banks, of % percent Treasury Certificates of Indebtedness
of Series G-1945, open on an exchange basis, par for par, to holders of Treasury Certificates of Indebtedness of Series F-1944, maturing October 1,1944. Cash subscriptions will not be received.
The certificates now offered will be dated October 1, 1944, and will bear interest from that date at
the rate of seven-eighths of one percent per annum, payable semiannually on April 1 and October 1,
1945. They will mature October 1, 1945. They will be issued in bearer form only, with two interest
coupons attached, in denominations of $1,000, $5,000, $10,000, $100,000 and $1,000,000.
Pursuant to the provisions of the Public Debt Act of 1941, interest upon the certificates now offered
shall not have any exemption, as such, under Federal tax Acts now or hereafter enacted. The full provisions relating to taxability are set forth in the official circular to be released September 25.
Subscriptions will be received at the Federal Reserve Banks and Branches and at the Treasury
Department, Washington, and should be accompanied by a like face amount of the maturing certificates.
Subject to the usual reservations, all subscriptions will be allotted in full.
There are now outstanding $3,519,047,000 of the Series F-1944 certificates.
The text of the official circular will be made public on September 25th.
A c o p y of the T r e a s u r y ' s official circular containing the terms of this exchange offering,
as well as tlie f o r m to be used in entering subscriptions, will be mailed to reach you on Monday,
September 25, 1944.




ALLAN

SPROUL,

President.

F E D E R A L RESERVE BANK

N

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

September 25, 1944

REDEMPTION OF UNITED STATES SAVINGS BONDS
Tables of Current Redemption Values

To all Incorporated Banks and Trust Companies
in the Second Federal Reserve District Qualified
to Make Payments in Connection with the Redemption
of United States Savings Bonds:

In accordance with the provisions of Section 321.12 of Treasury Department
Circular Xo. 750 and Paragraph 26 of the Memorandum of Instructions which appear
at pages 8 and 20, respectively, of our Circular No. 2834, dated September 5, 1944,
we enclose a supply of tables of redemption values for United States Savings Bonds
of Series A to E (inclusive) presented for redemption during the month of October
1944.
You will observe that the enclosed tables are for use only during the month of
October 1944. Accordingly, all copies of the enclosed tables in your possession
(except file copies) should be withdrawn at the close of business on October 31, 1944,
and destroyed. Copies of new tables to be used during the month of November will
be mailed to reach you not later than October 20, and tables for use in each succeeding
calendar month thereafter will be mailed to reach you not later than the twentieth
day of the preceding month. In order that you may be assured of having the proper
tables for use on the first day of each calendar month, it will be appreciated if you
will notify us immediately in the event that a supply of such tables should not be
received by you on the twentieth day of the preceding month.
If the number of tables which you require is different from the number enclosed
with this circular, kindly advise us of the proper number in order that we may
change our records accordingly.




ALT,AN SPROUL,

President.

F o r m P D 1961

lEASTJRY

DEPARTMENT

FISCAL SERVICE
Bureau of the Public Debt

USE ONLY DURING OCTOBER 1944

OCTOBER

TABLE OF REDEMPTION VALUES
For

1944

UNITED STATES SAVINGS B O N D S SERIES A TO E (Inclusive)

OCTOBER
1944

Presented for Redemption During the Month of October 1944

REDEMPTION VALUES BY DENOMINATIONS

ISSUE DATE
SERIES

MONTHS

$10.00

$25.00

$50.00

$100.00

$500.00

$1000.00

YEAHS

(Inclusive)

E

1944

Sept. to Oct.

E

1944

Jan. to Aug.

$18. 7 5

$37. 50

$75. 00

$375. 0 0

$750. 0 0

1943

Nov. to Dec.

18. 7 5

37. 5 0

75. 0 0

375. 0 0

750. 0 0

May to Oct.

18. 8 7

37. 7 5

75. 50

377. 5 0

755. 0 0

Jan. to Apr.

19. 0 0

38. 0 0

76. 0 0

380. 0 0

760. 00

Nov. to Dec.

19. 0 0

38. 0 0

76. 00

380. 0 0

760. 0 0

May to Oct.

19. 12

38. 2 5

76. 5 0

382. 5 0

765. 0 0

Jan. to Apr.

19. 2 5

38. 50

77. 0 0

385. 0 0

770. 0 0

Nov. to Dec.

19. 2 5

38. 5 0

77. 0 0

385. 00

770. 0 0

May to Oct.

19. 5 0

39. 0 0

78. 0 0

390. 0 0

780. 0 0

E

E

E

1942

1941

BONDS ARE NOT ELIGIBLE FOR PAYMENT DURING MONTH OF OCTOBER
$7. 50

D

1941

Jan. to Apr.

20. 2 5

40. 5 0

81. 0 0

405. 0 0

810. 0 0

D

1940

Nov. to Dec.

20. 2 5

40. 50

81. 00

405. 00

810. 00

May to Oct.

20. 5 0

41. 0 0

82. 00

410. 0 0

820. 0 0

Jan. to Apr.

20. 75

41. 5 0

83. 00

415. 00

830. 0 0

Nov. to Dec.

20. 7 5

41. 5 0

83. 0 0

415. 00

830. 0 0

D

1939

May to Oct.

1935

21. 2 5

42. 5 0

85. 0 0

425. 0 0

850. 0 0

21. 5 0

43. 0 0

86. 0 0

430. 0 0

860. 0 0

21. 7 5

43. 50

87. 0 0

435. 0 0

870. 0 0

Nov. to Dec.

21. 7 5

43. 5 0

87. 0 0

435. 0 0

870. 0 0

22. 0 0

44. 0 0

8A 00

440. 0 0

880. 0 0

22. 5 0

45. 0 0

90. 0 0

450. 0 0

900. 0 0

Nov. to Dec.

22. 5 0

45. 0 0

90. 00

450. 0 0

900. 0 0

23. 0 0

46. 0 0

92. 00

460. 0 0

920. 0 0

Jan. to Apr.
A

850. 0 0

Nov. to Dec.

May to Oct.

1936

425. 0 0

Jan. to Apr.
B

85. 0 0

May to Oct.

1937

840. 0 0

42. 50

Jan. to Apr.
C

420. 00

21. 2 5

May to Oct.

1938

42. 0 0

Jan. to Apr.
C

21. 0 0

84. 0 0

23. 5 0

47. 0 0

9 4 00

470. 0 0

940. 0 0

Nov. to Dec.

23. 5 0

47. 0 0

94. 0 0

470. 00

940. 0 0

May to Oct.

2 4 00

4 8 00

96. 0 0

480. 0 0

960. 0 0

Mar. to Apr.

24. 5 0

49. 0 0

9& 0 0

490. 0 0

980. 0 0

DO NOT USE THIS TABLE AFTER OCTOBER 31, 1944



(Important—see

other

side)

607253°

IMPORTANT—PLEASE READ
1. The series designation on the face of this card will indicate the months and
years during which bonds of Series A, B, C, and D were on sale. Series E
bonds currently being sold have been on sale since M A Y 1941.
2. The registration regulations, insofar as individuals (natural persons) are
concerned, are the same for all series of bonds (A to E).
3. Bonds of all series should show an impression of the issuing agent's dating
stamp.
4. Scries
Series
Series
Series
Series

A
B
C
D
E

bonds
bonds
bonds
bonds
bonds

should
should
should
should
should

show
show
show
show
show

(a)
(a)
(a)
(a)
(a)

an
an
an
an
an

issue
issue
issue
issue
issue

date and (b) a due date
date and (b) a due date
date
date and (6) a due date
date

5. All series (A to E inclusive) mature 10 years after the issue date.
6. The portraits on all series of bonds are:
$10 denomination, Benjamin Franklin (Series E only)
25 denomination, George Washington
50 denomination, Thomas Jefferson
100 denomination, Grover Cleveland
500 denomination, Woodrow Wilson.
1,000 denomination, Abraham Lincoln




U. S. GOVERNMENT PRINTING OFFICE

607253

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