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FEDERAL RESERVE BANK OF DALLAS
F I S C A L A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, October 1, 1953

NEW OFFERING OF TREASURY SAVINGS NOTES, SERIES C

To All Banking Institutions and Others Concerned
in the Eleventh Federal Reserve District:
There are enclosed a copy of Treasury Department Circular No. 931,
dated October 1, 1953, containing regulations and complete details concern­
ing Treasury Savings Notes of Series C, and a small supply of application
forms for the new notes, FA-834. To avoid possible confusion, it will be
appreciated if any application blanks for Treasury Savings Notes of Series
B, Form FA-824, in your possession are destroyed at this time. Additional
copies of the offering circular or supply of the applications, Form FA-834,
will be furnished upon request.
You will observe from the circular that monthly accruals of Series C
Savings Notes may be changed from time to time to other accruals in the
same series of notes. You will also observe that the notes sold from Octo­
ber 1 through October 14 will be dated September 15, 1953.
A copy of the First Amendment to Department Circular No. 922,
terminating the sale of Treasury Savings Notes, Series B, at the close of
business September 25, 1953, is enclosed for your information.
Yours very truly,
W. D. GENTRY
First Vice President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

UNITED STATES OF AMERICA
TREASURY SAVINGS NOTES
Series C
1953
Department Circular No. 931

TREASURY DEPARTMENT
Office of the Secretary
Washington, October 1,1953

Fiscal Service
Bureau of the Public Debt

SUBPART
A
B
C
D
E
F
G

Offering of Notes.
Description of Notes.
Purchase of Notes.
Presentation in Payment of Taxes.
Cash Redemption at or Before Maturity.
Payment or Reissue to Other Than Inscribed Owner.
General Provisions.
Subpart A : OFFERING OF NOTES

Sec. 335.1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond
Act, as amended, offers for sale to the people of the United States, at par and accrued interest as pro­
vided in Section 335.11 hereof, an issue of notes of the United States designated Treasury Savings
Notes, Series C, which notes, if inscribed in the name of a Federal taxpayer, will be receivable as here­
inafter provided at par and accrued interest in payment of income, estate and gift taxes imposed by the
Internal Revenue Code, or laws amendatory or supplementary thereto. The notes may also be redeemed
for cash at par and accrued interest, with certain exceptions applicable to banking institutions, as
provided in Section 335.15 hereof.
Sec. 335.2. Duration o f offer.— The sale of notes of Series C offered by this circular will begin on
October 1, 1953, and will continue until terminated by the Secretary o f the Treasury.
Sec. 335.3. Definitions.— (a) The word “ month” as used herein means the period from and including
the 15th day of any one calendar month to but not including the 15th day of the next succeeding month.
(b) The words “ issue date” mean the date as of which a note is issued and will always be the
15th day of a calendar month.
(c) The words “ interest accrual date” or “accrual date” mean the date upon which a month’s
interest accrues on a note, the first accrual date being the 15th day of the calendar month next following
the issue date.
Subpart B : DESCRIPTION OF NOTES
Sec. 335.4. General.—Treasury Savings Notes, Series C, will in each instance be dated as of the 15th
day of a calendar month. The issue date will be determined by the day of the month on which payment
at par and accrued interest, if any, is received and credited by an agency authorized to issue the notes.
For example, payment received and credited on any day during the period from and including October
1, 1953, to and including October 14, 1953, would result in the issue of notes dated September 15, 1953.
They will mature two years from that date and may not be called by the Secretary of the Treasury for
redemption before maturity. All notes bearing issue dates within any one calendar year shall constitute a
separate series indicated by the letter “ C” followed by the year of maturity. At the time of issue the
issuing agency will inscribe on the face of each note the name and address of the owner, will enter the
issue date and will imprint its dating stamp (with current date). The notes will be issued in denomina­
tions of $100, $500, $1,000, $5,000, $10,000, $100,000, $500,000 and $1,000,000. Exchange of authorized
denominations from higher to lower, but not from lower to higher, may be arranged at any agency that
issues Treasury Savings Notes, Series C.
Sec. 335.5. Acceptance for taxes or cash redemption.— If inscribed in the name of an individual,
corporation, or other entity paying income, estate or gift taxes imposed under the Internal Revenue Code,
or laws amendatory or supplementary thereto, the notes will be receivable, subject to the provisions of
Section 335.14 of this circular, at par and accrued interest, in payment of such income, estate or gift
taxes assessed against the owner or his estate. If not presented in payment of taxes, or if not inscribed in
the name of a taxpayer liable to the above-described taxes, and subject to the provisions of Section 335.15
of this circular, the notes will be payable at maturity, or at the owner’s option and request they will be
redeemable before maturity at par and accrued interest.

Sec. 335.6. Interest.— Interest on each $1,000 principal amount of Treasury Savings Notes, Series C,
will accrue monthly on the 15th calendar day of each month after the issue date on a graduated scale.
Interest accruals on the notes first issued hereunder shall be as follows:
First to Sixth months, inclusive_______________________ $1.30
Seventh to Twelfth months, inclusive. _____________ $1.90
Thirteenth to Eighteenth months, inclusive____________ $2.10
Nineteenth to Twenty-fourth months, inclusive.... .......... $2.20

each
each
each
each

month
month
month
month

The Secretary of the Treasury may at any time terminate the issuance of notes hereunder with interest
accruals as provided above, and may at any time, or from time to time, authorize the issuance of addi­
tional notes hereunder with such other interest accruals as he may prescribe. The table appended to this
circular shows for notes of each denomination, for each consecutive month after issue date to maturity,
(a) the amount of interest accrual, (b) the principal amount of the note with accrued interest (cumula­
tive) added, and (c) the approximate investment yields. Subject to the provisions of Sections 335.14
and 335.15 hereof, when Treasury Savings Notes, Series C, are to be paid on an interest accrual date,
the payment will include interest accruing on that date; otherwise, interest will be paid only to the interest
accrual date next preceding the date of payment. Interest will be paid only with the principal amount,
and will not accrue beyond the maturity date of the note.
Sec. 335.7. Forms of inscription.— Treasury Savings Notes, Series C, may -be inscribed in the name
of an individual, corporation, unincorporated association or society, or a fiduciary (including trustees
under a duly established trust where the notes would not be held as security for the performance of a
duty or obligation), whether or not the inscribed owner is subject to taxation under the Internal Revenue
Code, or laws amendatory or supplementary thereto. They may also be inscribed in the name of a town,
city, county or State or other governmental body and in the name of a partnership, but notes in the name
of a partnership are not acceptable in payment of taxes, since a partnership is not a taxpaying entity
under the Internal Revenue Code. The notes will not be inscribed in the names of two or more persons
as joint owners or coowners; or in the name of a public officer, whether or not named as trustee, where
the notes would in effect be held as security for the performance of a duty or obligation.
Sec. 335.8. Restrictions on transfer.— Except as otherwise specifically provided herein, the notes may
not be transferred, reissued, hypothecated, or pledged as security, may not be paid to any person other
than the owner, and may not be accepted in payment of Federal income, estate, or gift taxes assessed
against any person other than the owner. The notes will not be acceptable to secure deposits of public
moneys.
Sec. 335.9. Taxation.— Income derived from the notes shall be subject to all taxes now or hereafter
imposed under the Internal Revenue Code or laws amendatory or supplementary thereto. 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 State, or any of the
possessions of the United States, or by any local taxing authority.
Subpart C: PURCHASE OF NOTES
Sec. 335.10. Official agencies.— In addition to the Treasury Department, the Federal Reserve Banks
and their Branches are hereby designated agencies for the issue and redemption of Treasury Savings
Notes, Series C. The Secretary of the Treasury, from time to time, in his discretion, may designate other
agencies for the issue of the notes, or for accepting applications therefor, or for making payments on
account of the redemption thereof.
Sec. 335.11. Applications and payment.— Applications will be received by the Federal Reserve Banks
and Branches and by the Treasurer of the United States, Washington, D. C. Banking institutions generally
may submit applications for the account of customers but only the Federal Reserve Banks, their Branches
and the Treasury Department are authorized to act as official agencies. The use of an official application
form is desirable but not necessary. Such forms may be obtained upon request from any Federal Reserve
Bank or Branch or the Treasurer of the United States. Every application must be accompanied by pay­
ment in full, at par and accrued interest, if any. The amount of accrued interest payable by the purchaser
will be computed at the rate at which interest accrues on the notes ($1.30 per month per $1,000 par
amount) for the actual number o f days from but not including the issue date to and including the date
funds are credited to the account o f the Treasurer of the United States. For example, if funds are credited
on the 20th day of January the issue date will be January 15, and five days’ accrued interest must be paid
by the purchaser. If collection is delayed so that credit is not given until February 15, the issue date will
be February 15, and no accrued interest will be collectible. One day’s accrued interest for a thirty-one day
period is $.04194 per $1,000, for a thirty day period $.04333 per $1,000, for a twenty-nine day period
$.04483 per $1,000, and for a twenty-eight day period $.04643 per $1,000. Any form of exchange, including
personal checks, will be accepted, subject to collection, and should be drawn to the order of the Federal
Reserve Bank or the Treasurer of the United States, as payee, as the case may be. Any depositary qualified
pursuant to the provisions of Treasury Department Circular No. 92, Revised, as amended, will be per­
mitted to make payment by credit for notes applied for on behalf of itself or its customers up to any
amount for which it shall be qualified in excess of existing deposits.

Sec. 335.12. Reservations.— The Secretary of the Treasury reserves the right to reject any applica­
tion in whole or in part, and to refuse to issue or permit to be issued hereunder any notes in any case or
in any class or classes of cases if he deems such action to be in the public interest, and his action in any
such respect shall be final. If an application is rejected, in whole or in part, any payment received therefor
will be refunded.
Sec. 335.13. Delivery of notes.— Upon acceptance of a full-paid application, notes will be duly
inscribed and, unless delivered in person, will be delivered, at the risk and expense of the United States at
the address given by the purchaser, by mail, but only within the United States, its Territories and Island
Possessions, and the Canal Zone. No deliveries elsewhere will be made.
Subpart D : PRESENTATION IN PAYMENT OF TAXES
Sec. 335.14. At any time after two months from the issue date, during such time and under such rules
and regulations as the Commissioner of Internal Revenue, with the approval of the Secretary of the
Treasury, may prescribe, notes issued hereunder in the name of a Federal taxpayer, may be presented by
such taxpayer, his agent or his estate for credit against any income (current and back, personal and
corporation taxes, and excess profits taxes) or any estate or gift taxes (current and back) imposed by the
Internal Revenue Code, or laws amendatory or supplementary thereto, assessed against the inscribed
owner or his estate. For example, a note dated January 15 may be presented for credit against taxes due
March 15. The notes will be receivable by the District Director of Internal Revenue at par and accrued
interest to the day (but no accrual beyond maturity) when the taxes are due, if such day falls on the 15th
day of a calendar month, whether the notes are received on or before that day. If the taxes are due on any
other day of the month than the 15th, accrued interest will be credited to the accrual date next preceding
the day when the taxes are due. Notes are receivable only in payment of taxes equal to or exceeding the
entire value of the notes, including accrued interest. The notes may be forwarded to the District Director
at the risk and expense of the owner and, for his protection, should be forwarded by registered mail, if
not presented in person. The notes may also be deposited with a Federal Reserve Bank or Branch and a
receipt obtained therefor which may be forwarded to the District Director in lieu of the notes.
Subpart E : CASH REDEMPTION AT OR BEFORE MATURITY
Sec. 335.15. General.—Any Treasury Savings Note, Series C, not presented in payment of taxes will
be paid at maturity, or, at the option and request of the owner, and without advance notice, will be
redeemed before maturity at any time after four months from the issue date. For example, a note dated
January 15 may be redeemed for cash on or after May 15. If redemption prior to maturity is requested on
an interest accrual date the redemption will include interest accruing on that date, otherwise redemption
will be at par and accrued interest to the interest accrual date next preceding the redemption date, except
in the case of a note inscribed in the name of a bank that accepts demand deposits, in which case payment,
whether at or before maturity, will be made only at par, with a refund of any accrued interest which may
have been paid at the time of purchase of the note. If a note is acquired by a banking institution through
forfeiture of a loan, payment will be made at par and the accrued interest payable as of the date of
acquisition.
Sec. 335.16. Execution of request for payment.—The owner in whose name the note is inscribed must
appear before one of the officers authorized by the Secretary of the Treasury to witness and certify
requests for payment, establish his identity, and in the presence of such officer sign and complete the
request for payment appearing on the back of the note. After the request for payment has been executed,
the witnessing officer should execute the certificate provided for his use.
Sec. 335.17. Officers authorized to certify requests for payment.— All officers authorized to certify
requests for payment of United States Savings Bonds, as set forth in Treasury Department Circular No.
530, Seventh Revision, as amended, are hereby authorized to certify requests for cash redemption of
Treasury savings notes issued under this circular. Such officers include, among others, United States
postmasters, certain other post office officials, officers of all banks and trust companies incorporated in the
United States or its territories, including officers at branches thereof, and commissioned and warrant
officers of the Armed Forces of the United States.
Sec. 335.18. Presentation and surrender.— Notes bearing properly executed requests for payment
must be presented and surrendered to any Federal Reserve Bank or Branch or to the Treasurer of the
United States, Washington 25, D. C-., at the expense and risk of the owner. For the owner’s protection,
notes should be forwarded by registered mail, if not presented in person.
Sec. 335.19. Partial redemption.— Partial cash redemption of a note, corresponding to an authorized
denomination, may be made in the same manner as full cash redemption, appropriate changes being made
in the request for payment. In case of partial redemption of a note, the remainder will be reissued in the
same name and with the same issue date as the note surrendered.
Sec. 335.20. Payment.— Payment of any note, either at maturity or on redemption before maturity,
will be made by any Federal Reserve Bank or Branch or the Treasurer of the United States, following
clearance with the agency o f issue, which will be obtained by the agency to which the note is surrendered.
Payment will be made by check drawn to the order of the owner, and mailed to the address given in his
request for payment, or by credit in any account maintained by a banking institution with the Federal
Reserve Bank of its District.

Subpart F : PAYMENT OR REISSUE TO OTHER THAN INSCRIBED OWNER
Sec. 335.21. Presentation and surrender.— A note may be paid or reissued in accordance with any of
the provisions of this subpart only upon the presentation and surrender of the note at the risk and expense
of the owner to the issuing agency, accompanied by an appropriate request for the particular transaction.
Sec. 335.22. Authorized transfers.—
(a) Between husband and wife.—A note inscribed in the name of a married man may be reissued in
the name of his wife, and a note inscribed in the name of a married woman may be reissued in the name
of her husband.
(b) Between affiliated corporations.— A note inscribed in the name of a parent corporation, which is
hereby defined as a corporation owning more than 50 percent of the stock, with voting power, of another
corporation, may be reissued in the name of a subsidiary, and a note registered in the name of a subsidiary
may be reissued in the name of the parent corporation.
Sec. 335.23. Authorized pledge.—A note may be pledged as collateral for a loan from a banking
institution, and if title thereto is acquired by the institution because of default in the payment of the
loan, the notes will be redeemed at par and accrued interest to the interest accrual date next preceding
the date of such acquisition, unless acquired on an interest accrual date, in which case redemption will be
made at par and accrued interest to that date. Proof of the date of acquisition must be furnished, and
payment must be requested by the pledgee under a power of attorney given by the pledgor in whose name
the note is inscribed. The note will not be transferred to the pledgee.
Sec. 335.24. Payment to representatives of deceased or incompetent owners and payment or reissue
to heirs or legatees of deceased owners.—In case of the death or disability of an individual owner, if the
notes are not to be presented in payment of taxes, payment will be made to the duly constituted repre­
sentative of his estate, or they may be paid or reissued to one or more of his heirs or legatees upon
satisfactory proof of their right; but no reissue will be made in the names of two or more persons jointly
or as coowners.
Sec. 335.25. Payment or reissue to successors o f corporations, unincorporated associations or part­
nerships.— If a corporation or unincorporated body in whose name notes are inscribed is dissolved,
consolidated, merged or otherwise changes its organization, the notes may be paid to, or reissued in the
name of, those persons or organizations lawfully entitled to the assets of such corporation or body by
reason of such change in organization.
Sec. 335.26. Payment to representatives of bankrupt or insolvent owners.— If an owner of notes is
declared bankrupt or insolvent, payment, but not reissue, will be made to the duly qualified trustee,
receiver or similar representative if the notes are submitted with satisfactory proof of his appointment
and qualification.
Sec. 335.27. Payment as a result of judicial proceedings.— Payment, but not reissue, will be made as
a result of judicial proceedings in a court of competent jurisdiction, if the notes are submitted with proper
proof of such proceedings and their finality.
Sec. 335.28. Instructions and information.— Before executing the request for payment or submitting
the notes under the provisions of this subpart, instructions should be obtained from a Federal Reserve
Bank or Branch or from the Treasury Department, Division of Loans and Currency, Washington 25, D. C.
Subpart G: GENERAL PROVISIONS
Sec. 335.29. Regulations— Except as provided in this circular, the notes issued hereunder will be
subject to the general regulations of the Treasury Department, now or hereafter prescribed, governing
bonds and notes of the United States; the regulations currently in force are contained in Department
Circular No. 300, as amended.
Sec. 335.30. Loss, theft or destruction.— In case of the loss, theft or destruction of a savings note
immediate notice (which should include a full description of the note) should be given the agency which
issued the note and instructions should be requested as to the procedure necessary to secure a duplicate.
Sec. 335.31. Fiscal agents.— Federal Reserve Banks and their Branches, as fiscal agents of the United
States, are authorized to perform such services or acts as may be appropriate and necessary under the
provisions of this circular and under any instructions given by the Secretary of the Treasury, and they
may issue interim receipts pending delivery of the definitive notes.
Sec. 335.32. Amendments.— The Secretary of the Treasury may at any time or from time to time
supplement or amend the terms of this circular, or of any amendments or supplements thereto, and may
at any time or from time to time prescribe amendatory rules and regulations governing the offering of the
notes, information as to which will promptly be furnished to the Federal Reserve Banks.
G. M. HUMPHREY,
Secretary of the Treasury.

TREASURY SA7UES NOTES - gKRTF.fi C
TABLE OF TAX-PAYMENT OR REDEMPTION VALUES AND xaVKSTMEWT VTFrJre
OH NOTES ISSUED FROM OCTOBER 1, 1953 UNTIL WIW H K R NOTICE
The table below above for each month from Issue date to maturity date the amount of Interest accrual; the principal amount with accrued Interest
added, for notes of each denomination; the approximate investment yield on the par value tram Issue date to the 15th of each month following the Issue
date; and the approximate Investment yield on the current redemption value tram the 15th of the month indicated to the maturity date.

15th

Note. The vord"manth" as used in this table means the period tram and including the 15th day of any one calendar month to but not Including the
day of the next succeeding month.

Par value

1100,00

Amount of interest accrual each
aonth after Issue month

Interest accrues at rate of $ 1 .3 0 per
month oer $1,000 par amount:
First month— — —
— — — — — —

— — — — — — —

$10,000.00

$100,000.00

$500,000.00: $ 1 , 0 0 ,0 0 0 .0 0
9

Tax-payment or redemption values during each monthly period after Issue month 1

*100.15
100.26
100.39
100.52
100.65
100.78

$500.65
501.50
501.95
502.60

100.97
101.16

5 0 4 .8 5

1 0 1 .5 5

5 0 6 .7 5
5 0 7 .7 0
5 0 8 .6 5
5 0 9 .6 0

101.51*
1 0 1 .7 3

101.92

MATURITY---------------------------- ----------------

5 0 5 .2 5
5 0 5 .9 0

505.80

$1,001.30

$5,006.50

1.002.60
1,003.90
1,005.20
1.006.50
1.007.80

5;oi3.oo

1 , 0 9 .7 0
0
1,011.60
1 , 1 3 .5 0
0
1 , 1 5 .4 0
0
1 ,0 1 7 .3 0
1,019.20

$ 1 0 ,0 1 3 .0 0
10.026.00
1 0 .03 S .0 0
10,052.00
10,065.00
10,078.00

$100,130.00
100.260.00
100,390.00
100,520.00
100,650.00
100,780.00

$500,650.00
5 0 1 ,3 0 0 .0 0
5 0 1 ,9 5 0 .0 0
502,600.00
303,250.00
50>,900.00

$1,001,500.00
1,002,600.00
1.003.900.00
1,005.200.00
1.006.500.00
1,007.800.00

100.970.00
101,160.00
101,350.00
1 0 1 .5 4 0 .0 0
1 0 1 ,7 5 0 .0 0
101,920.00

5 0 4 , 5 0 .0 0
8
5 0 5 .8 0 0 .0 0

5,086.50
5,096.00

10,097.00
10,116.00
1 0 ,1 3 5 .0 0
10,154.00
10,173.00
10,192.00

1,009,700.00
1,011.600.00
1 ,0 1 3 ,5 0 0 .0 0
1 , 1 5 ,4 0 0 .0 0
0
1 , 1 7 ,3 0 0 .0 0
0
1,019,200.00

1 0 , 1 3 .0 0
2
10,254.00
10,255.00
10,276.00
10,297.00
1 0 .5 1 3 .0 0

5.019.50
5,026.00
5.052.50
5.039.00

5 ,0 4 8 .5 0
5 ,0 5 8 .0 0
5 .0 6 7 .5 0
5 , 7 7 .0 0
0

5 1 0 .6 5
5 1 1 .7 0
5 1 2 .7 5
5 1 5 .8 0
5 1 4 .8 5
5 1 5 .9 0

1 ,0 2 1 .3 0
1 ,0 2 5 ,4 0
1 ,0 2 5 -5 0

1.027.60
1,029.70
1 ,0 3 1 .5 0

5 ,1 0 6 .5 0
5 ,1 1 7 .0 0
5 .1 2 7 .5 0
5 .1 5 8 .0 0
5 .1 4 8 .5 0
5 .1 5 9 .0 0

517.00
518.10

101*. 28

5 1 9 .2 0
5 2 0 .5 0
5 2 1 .4 0

1.054.00
1,056.20
1 .0 5 8 .4 0
1 ,0 4 0 .6 0
1 , 4 2 .8 0
0

5 ,1 7 0 .0 0
5,181.00
5,192.00
5,203.00
5 ,2 1 4 .0 0

1 0 4 .5 0

5 2 2 .5 0

1 ,0 4 5 .0 0

5.225.00

102.15
Fourteenth month— —
— — — — —
— — — —
—
— —
Fifteenth month—
—
— — — —
— — — — — ----- Sixteenth month*—
—
— — ---— — — — -----Seventeenth month—
— —
------ -— --------------—
Eighteenth month—
— — — — — — -— ------ — . ......
.
Interest accrues at rate of $2 . 2 0 per
month oer $1,000 par amount:
Nineteenth month----------- Twentieth month------------------------------------Twenty-first month----- — -----— — — ----------Twenty-second month-------- --------------------------Twenty-third month— -----— — -- — — — — — — -— — —

1/

: $5,000.00

2.21
—

Third month---— — --- -- ----------— ---------------Pourth month---—
Fifth month—
Sixth month-— — — — — —
— — — — — — —
—
— —
Interest accrues at rate of $1.90 per
month per $1,000 par amount:
Seventh mcntb— — —
—
— — —
— —
— — — — —
Eighth month—
—
— — — —
—
— — — —
—
Ninth month—
—
—
— — — —
—
—
— —
— —
Tenth month—
—
Eleventh month—
—
— — — — —
—
— —
Twelfth month—
— —
— — — ------— ------— ----Interest accrues at rate of $2 .1 0 per
month per $1,000 par amount:

2/

: $500.00 : $ 1 ,0 0 0 .3 0

Approximate
Approximate
investment
investment
yield on par yield on current
tax-payment or
value from
redemption
issue date to
values from
beginning of
beginning of
each monthly
period
each monthly
period to
there­
after
maturity
Percent
Percent

1 0 2 .5“
*
1 0 2 .5 5

102.76
1 0 2 .9 7

105.18

1 0 3 .4 0

105.62
1 0 5 .8 4

101*.06

102,130.00

506,750.00
507*700.00
508,650.00
509.600.00

1 ,0 2 1 .3 0 0 .0 0
1 , 2 5 , 0 0 .0 0
0
4

102,550.00
102,760.00
102,970.00
105.l80.00

510,650.00
511,700.00
512,750.00
515,800.00
514,850.00
515,900.00

1,025,300.00
1,027.600.00
1,029,700.00
1 .0 5 1 .3 0 0 .0 0

1 0 .5 4 0 .0 0
1 0 ,5 6 2 .0 0
1 0 ,5 8 4 .0 0
1 0 , 0 6 .0 0
4
1 0 , 2 8 .0 0
4

1 0 5 . 0 0 .0 0
4
1 0 5 .6 2 0 .0 0
1 0 5 .8 4 0 .0 0
1 0 4 ,0 6 0 .0 0
1 0 4 , 6 0 .0 0
2

517,000.00
518,100.00
519,200.00
520,300.00
5 2 1 ,4 0 0 .0 0

1 0 ,4 5 0 .0 0

1 0 4 ,5 0 0 .0 0

522,500.00

1 0 2 ,5 4 0 .0 0

1.56

2 .2 4

1.56
1.56
1.56
1.56
1.56

2 .5 4
2 .3 6
2 .4 3

2.27
2.51

1 .8 4

2 .4 4
2 .4 5
2 .4 6
2 .4 3

1.88
1.91

2 .5 2

1.66
1 ,7 4

l.do

2.08

2 .5 2
2 .5 2
2 .5 5
2 .5 3
2 .5 4

2.10

2.56

1.054,000.00
1,056,200.00
1 ,9 5 8 .4 0 0 .0 0
1 ,0 4 0 ,6 0 0 .0 0
1 ,0 4 2 ,8 0 0 .0 0

2.12
2.15
2.16

2 .5 6
2 .5 5
2 .5 5
2 .5 5
2 .5 5

1 .0 4 5 ,0 0 0 .0 0

2.21

Wot acceptable In payment of taxes until after the second month from issue date, and not redeemable for cash until after the fourth month from Issue date
Approximate Investment yield for entire period from Issue date to maturity.

1 .9 5

2.50

1.99
2. 02
2 .0 5

2 .1 3

2.20

2

FA-884

APPLICATION FOR

TREASURY S A V IN G S N O TE S, SERIES C
Issued at Par and Accrued Interest From Issue Date

Due 2 Y ears from Date of Issue

To:
□

Federal Reserve Bank, Station K, Dallas, Texas
□

Federal Reserve Bank Branch, E l Paso, Texas
□

Federal Reserve Bank Branch, Houston 1, Texas
□ Federal Reserve Bank Branch, San Antonio 6, Texas

(Date)

The undersigned hereby applies for Treasury Saving N otes, Series C (issued pursuant to Treasury Department Circular No. 931),
as follow s:
Denomination

$100

$600

$1,000

$5,000

$100,000

$10,000

$600,000

$1,000,000

Number of
Notoe

Par Amount
INSCRIPTION

PURCHASER’S N AM E

(Typewrite or Print Purchaser's Name)

Accrued Intercat
T otal Coat

ADDRESS

D A T E OF
NOTES

$

Treasury Savings Notes of Series C will always be dated as o f the fifteenth of a calendar month. See interest
table on reverse side.
The date funds are made available to this bank or its branch on collection of exchange will govern the issue
date of the notes and amount of accrued interest to be paid. Where payment is made through the Treasury Tax
and Loan Account, the date on which the deposit is set up by the depositary bank on its books as shown below
will govern the issue date o f the notes and amount o f accrued interest to be paid.______________________________

P A YM E N T
□

By draft or check attached hereto drawn on....................................... -....... ...............................................................................

□

By charge to our reserve account which is hereby authorized.

O By duly authorized deposit on our books in accordance with Treasury Department Circular No. 92 (Treasury
D E LIVE R Y

Tax and Loan Account) on........................................................(D ate), as indicated by the attached officially signed
form F A 794.
□ TO B A N K
Q TO PURCHASER

(Nsme of Institution submitting application)
B y.................... - .....................................................
(Signature and Title)

(Address)

N O T E : This application accompanied by payment, should be mailed to the Federal Reserve Bank o f Dallas or appropriate branch.

Accrued Interest To Date O f Paym ent* On $1,000 Treasury
Savings N otes o f Series C
Accrued interest on Notes to be dated as of the FIFTEEN TH day o f:

January, March
May, July, August,
October, December

April, June,
September,
November

$—0—
0.04194
0.08388
0.12582
0.16776
0.20970
0.25164
0.29358
0.33552
0.37746
0.41940
0.46134
0.50328
0.54522
0.58716
0.62910
0.67104
0.71298
0.75492
0.79686
0.83880
0.88074
0.92268
0.96462
1.00656
1.04850
1.09044
1.13238
1.17432
1.21626
1.25820

$—0—
0.04333
0.08666
0.12999
0.17332
0.21665
0.25998
0.30331
0.34664
0.38997
0.43330
0.47663
0.51996
0.56329
0.60662
0.64995
0.69328
0.73661
0.77994
0.82327
0.86660
0.90993
0.95326
0.99659
1.03992
1.08325
1.12658
1.16991
1.21324
1.25657

February
(Leap Year)

er
February

Lvai

$—0—
0.04483
0.08966
0.13449
0.17932
0.22415
0.26898
0.31381
0.35864
0.40347
0.44830
0.49313
0.53796
0.58279
0.62762

$—0—
0.04643
0.09286
0.13929
0.18572
0.23215
0.27858
0.32501
0.37144
0.41787
0.46430
0.51073
0.55716
0.60359

0.67245
0.71728
0.76211
0.80694
0.85177
0.89660
0.94143
0.98626
1.03109
1.07592
1.12075
1.16558
1.21041
1.25524

0.65002
0.69645
0.74288
0.78931
0.83574
0.88217
0.92860
0.97503
1.02146
1.06789
1.11432
1.16075
1.20718
1.25361

15
16
IT
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1

; the funds are available at this bank or branch for credit to the
ise of a Treasury Tax and Loan Depositary, the date of availability
,ry credited the Treasury Tax and Loan Account on its book as shov
Form FA 794.
accrues from the Fifteenth day of a given month to the fourteenth d
th at the rate per $1,000.00 per day as shown in the above table.

2
3
4
5
6
7
8
9
10

11
12
13
14

UNITED STATES OF AMERICA
TREASURY SAYINGS NOTES
Series B

1953
Department Circular No. 922
First Amendment
Fiscal Service
Bureau of the Public Debt

TREASURY DEPARTMENT
Office of the Secretary
Washington, September 25, 1953

WITHDRAWAL OF SERIES B NOTES
The sale of Treasury Savings Notes, Series B, offered under Department Circular
No. 922, dated May 11, 1953, is hereby terminated at the close of business September 25,
1953. Applications placed in the mails addressed to a Federal Reserve Bank or Branch
or the Treasurer of the United States, or authorizations to banking institutions by their
customers requesting that applications be submitted on their behalf, and postmarked
prior to seven o’clock p.m., Eastern Daylight Saving time, on that date, and those received
from depositaries qualified pursuant to the provisions of Treasury Department Circular
No. 92, Revised, as amended, for which payment is made by credit before the close of
business on that date in accordance with Section 334.12 of Department Circular No. 922,
will be considered as having been received before the sale of the notes terminated.

M. B. FOLSOM
Acting Secretary of the Treasury.

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