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federal

Reserve

bank

of

Dallas

F IS C A L A G E N T O F T H E U N IT E D S T A T E S
D A L L A S ,T E X A S

75222

Circular Wo. 72-160
July 27, 1972

To All Banking Institutions and Others Concerned
In the Eleventh Federal Reserve District:
Enclosed are Treasury Department Circulars, Public Debt Series Nos.
7-72, 8-72, and 9-72, and subscription forms relating to the August financing.

EXCHANGE OFFERING
SECURITIES OFFERED
5-7/8$ Treasury Notes of
6-1
/4$ TreasuryNotes of
6-3/8io Treasury Bonds of

SeriesF-1976
SeriesA-1979
1984

SECURITIES ELIGIBLE FOR EXCHANGE FOR EITHER NOTES OR BONDS
(Multiples of $1,000)
5io Treasury Notes of Series E-1972, maturing August 15, 1972
bio Treasury Bonds of 1972, maturing August 15, 1972
2-1/2$ Treasury Bonds of 1967-72, maturing September 15, 1972
6$ Treasury Notes of Series F-1972, maturing November 15, 1972
2-1/2$ Treasury Bonds of 1967-72, maturing December 15, 1972
SECURITIES ELIGIBLE FOR EXCHANGE FOR 7-YEAR NOTES AND BONDS ONLY
(Multiples of $1,000)
5-3/4$
3-7/8$
5-3/4$
5-7/8$

Treasury
Treasury
Treasury
Treasury

Notes
Bonds
Notes
Notes

of
of
of
of

SeriesA-1974,maturingNovember15, 1974
1974, maturingNovember15, 1974
SeriesA-1975,maturingFebruary15, 1975
SeriesE-1975,maturingFebruary15, 1975

PAYMENT
Payment in the form of the eligible securities should be made before
5:00 p.m., August 2, 1972, and where possible, the securities should accompany
the subscriptions. However, where this is not possible the securities should
be received no later than August 7* Payment for the notes may not be made by
cash (seepage 2 regarding cash purchase of bonds).

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

-

2

-

CASH OFFERING

SECURITY OFFERED
6-3/8$ Treasury Bonds of 1984
CONDITIONS
1.

Available only to individuals.

2.

Maximum subscription $10,000 (in multiples of $1,000).

3.

Subscription must be accompanied by a payment of at least
10 $ of amount of bonds applied for.

PAYMENT
Payment in the form of a cashierTs check or federal funds draft
payable to this Bank (or in cash) should accompany the subscription for the
total amount of bonds applied for. In the event a down payment of 10$ is
submitted with the subscription, the remaining payment must be completed in
cash or other immediately available funds by Tuesday, August 15, 1972. In
every case where payment is not completed, payment with the application up to
10% of the amount of bonds allotted may be forfeited to the United States.
CLOSING OF SUBSCRIPTION BOOKS
The subscription books will be open until 5:00 p.m., Central Day­
light Saving Time, Wednesday, August 2, 1972, except subscriptions placed
in the mail must be postmarked before midnight, Tuesday, August 1, 1972, to
be considered timely. In addition, individuals exchanging registered securi­
ties or subscribing for cash will be permitted to submit subscriptions until
5:00 p.m., Central Daylight Saving Time, Friday, August 4, 1972, such sub­
scriptions being considered timely if postmarked before midnight, Thursday,
August 3, 1972. Subscriptions will be received at this Bank and its Branches
at El Paso, Houston, and San Antonio, and should be submitted on the enclosed
forms. Additional circulars and forms will be furnished upon request.

Yours very truly,
P. E. Coldwell
President

Enclosures

UNITED STATES OF AMERICA
5%

PERCENT TREASURY NOTES OF SERIES F-1976

D a t e d a n d b e a r i n g i n t e r e s t f r o m A u g u s t 15, 1 9 7 2
DEPARTMENT CIRCULAR

P u b lic D e b t S eries No. 7-72

D ue F e b ru a ry 15, 1 9 7 6
T H E D EPA R TM EN T OF T H E TREA SU RY
Office of th e S e c retary
W ashing ton , J u ly 27, 1972

I. O FFERIN G O F NOTES

1. T h e Secretary of th e Treasury, pursuant to th e authority of the Second L iberty Bond Act, as amended,
offers notes of the U nited States, designated 5% percent T reasury Notes of Series F-1976, a t 99.75 percent of
their face value, in exchange for th e following
securities, singly or in com binations aggregating $ 1 , 0 0 0 or
m ultiples thereof:
( 1 ) 5 percent T reasury N otes of Series E-1972, due August 15, 1972;
( 2 ) 4 percent T reasu ry Bonds of 1972, due August 15, 1972;
(3 )

2 V2 percent T reasury Bonds of 1967-72, due Septem ber 15, 1972, w ith a cash paym ent of
$1.12220 per $1,000 to the U nited States;

(4 )

6

(5 )

2 V2 percent T reasu ry Bonds of 1967-72, due D ecem ber 15, 1972, w ith a cash paym ent of
$6.00915 per $1,000 to the U nited States.

percent T reasu ry N otes of Series F-1972, due N ovem ber 15, 1972, w ith a cash paym ent of
$4.20838 per $1,000 to subscribers; or

In terest will be adjusted as of August 15, 1972, on the securities due Septem ber 15,N ovem ber 15and Decem ber
15, 1972. P aym ents on account of accrued interest and cash adjustm ents will be m ade as set forth in Section IV
hereof. T he am ount of this offering will be lim ited to the am ount of eligible securities tendered in exchange.
T h e books will be open un til 5 : 0 0 p . m . , lo c a l t i m e , A u g u s t 2 , 1 9 7 2 , for the receipt of subscriptions, except th a t
individuals exchanging registered securities will be perm itted to subm it subscriptions until 5:00 p.m., local time,
August 4, 1972.
2. In addition, holders of the securities enum erated in P arag rap h 1 of this section are offered the privilege
of exchanging all or any p a rt of them for 6 XA percent T reasu ry Notes of Series A-1979, or 6 % percent T reasury
B onds of 1984 which offerings are set forth in D ep artm en t Circulars, Public D ebt Series — Nos. 8-72 and 9-72,
issued sim ultaneously w ith this circular.
II. DESCRIPTION O F NOTES

1. T h e notes will be dated August 15, 1972, and will bear interest from th a t d ate at the ra te of 5%
percent per annum , payable sem iannually on F eb ru ary 15 and August 15 in each year until the principal am ount
becomes payable. T h ey will m ature F eb ru ary 15, 1976, and will not be subject to call for redem ption prior to
m aturity.
2. T h e income derived from the notes is subject to all taxes imposed under the Intern al R evenue Code of
1954. T he notes are subject to estate, inheritance, gift or other excise taxes, w hether F ederal or State, b u t are
exem pt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of
th e possessions of the U nited States, or by any local taxing authority.
3. T h e notes will be acceptable to secure deposits of public moneys. T h ey will not be acceptable in paym ent
of taxes.
4. B earer notes w ith interest coupons attached, and notes registered as to principal and interest, will be
issued in denom inations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision will be m ade for the
interchange of notes of different denom inations and of coupon and registered notes, and for the transfer of
registered notes, under rules and regulations prescribed by th e S ecretary of th e Treasury.
5. T h e notes will be subject to th e general regulations of T h e D ep artm en t of the Treasury, now or hereafter
prescribed, governing U nited States notes.
III. SUBSCRIPTION A N D ALLOTMENT

1. Subscriptions accepting the offer m ade b y this circular will be received at the F ederal R eserve Banks
and B ranches and at the Office of the T reasurer of the U nited States, W ashington, D. C. 20220. B anking institu­
tions generally m ay subm it subscriptions for account of customers, b u t only the F ederal R eserve B anks and T h e
D ep artm en t of th e T reasu ry are authorized to act as official agencies.
2. U n d er th e Second L iberty Bond Act, as am ended, th e S ecretary of the T reasu ry has th e authority to
reject or reduce any subscription, and to allot less th an the am ount of notes applied for when he deem s it to be
in th e public interest; and any action he m ay tak e in these respects shall be final. Subject to the exercise of th a t
authority, all subscriptions will be allotted in full.

IV. PAYMENT

1. P ay m en t for the face am ount of notes allotted hereunder m ust be m ade on or before August 15, 1972,
or on later allotm ent, and m ay be m ade only in a like face am ount of securities of th e issues enum erated in
P arag raph 1 of Section I hereof, which should accom pany the subscription. P ay m ent will not be deem ed to
have been com pleted where registered notes are requested if the appropriate identifying num ber as required on
tax returns and other docum ents subm itted to the Intern al R evenue Service (a n individual’s social security
num ber or an em ployer identification num b er) is not furnished.
2. 5 p e r c e n t n o t e s o f S e r i e s E - 1 9 7 2 a n d 4 p e r c e n t b o n d s o f 1 9 7 2 . — W hen paym ent is m ade with securities
in bearer form, coupons d ated August 15, 1972, should be d e t a c h e d and cashed when due. W hen paym ent is
m ade w ith registered securities, the final interest due on August 15, 1972, will be paid by issue of interest
checks in regular course to holders of record on Ju ly 14, 1972, the d ate the transfer books closed. A cash pay­
m en t of $2.50 per $1,000 on account of the issue price of the new notes will be m ade to subscribers.
3. 2Va p e r c e n t b o n d s o f
coupons dated Septem ber 15,
M arch 15 to August 15, 1972
new notes ($2.50 per $1,000)
S tates will be charged, and th e

S e p t e m b e r 15 , 1 9 6 7 - 7 2 . — W hen paym ent is m ade w ith bonds in bearer form,
1972, m ust be a t t a c h e d to th e bonds when surrendered. Accrued interest from

($10.39402 per $1,000) plus the paym ent on account of the issue price of the
will be credited and the cash paym ent of ($1.12220 per $1,000), due th e U nited
difference of $11.77182 per $1,000 will be paid to subscribers.

4. 6 p e r c e n t n o t e s o f S e r i e s F - 1 9 7 2 . — W hen paym ent is m ade w ith notes in b earer form, coupons dated
N ovem ber 15, 1972, m ust be a t t a c h e d to the notes when surrendered. Accrued interest from M ay 15 to August
15, 1972 ($15.00000 per $1,000) plus the paym ent on account of the issue price of the new notes ($2.50 per
$1,000) and th e cash paym ent ($4.20838 per $1,000), a to tal of $21.70838 per $1,000, will be paid to
subscribers.
5. 2 V2 p e r c e n t b o n d s o f D e c e m b e r 15, 1 9 6 7 - 7 2 . — W hen paym ent is m ade w ith bonds in bearer form,
coupons d ated D ecem ber 15, 1972, m ust be a t t a c h e d to th e bonds when surrendered. Accrued interest from
Ju n e 15 to August 15, 1972 ($4.16667 per $1,000) plus the paym ent on account of the issue price of the new
notes ($2.50 per $1,000) will be credited, the paym ent due the U nited S tates ($6.00915 per $1,000) will be
charged, and the difference ($0.65752 per $ 1 ,0 0 0 ) will be paid to subscribers.
6 . P aym ents due subscribers will be m ade by check or by credit in any account m aintained by a banking
institution with the F ederal R eserve B ank of its District, following acceptance of the securities surrendered. In
the case of registered securities, th e paym ent will be m ade in accordance w ith the assignm ents thereon.

V. A SSIGN M ENT O F REGISTERED SECURITIES

1.
Registered securities tendered in paym ent for notes offered hereunder should be assigned by the
registered payees or assignees thereof, in accordance w ith the general regulations of T h e D ep artm en t of the
T reasu ry governing assignm ents for transfer or exchange, in one of the form s hereafter set forth, and therafter
should be surrendered with th e subscription to a F ederal R eserve B ank or B ranch or to the Office of the
T reasu rer of the U nited States, W ashington, D. C. 20220. T h e securities m ust be delivered a t the expense and
risk of th e holder. If the notes are desired registered in the same nam e as the securities surrenderd, the assign­
m ent should be to “T he S ecretary of the T reasu ry for exchange for 5 % percent T reasu ry N otes of Series
F-1976”; if the notes are desired registered in another name, the assignm ent should be to “T he Secretary of the
T reasury for exchange for 5 % percent T reasury N otes of Series F-1976 in the nam e of_______________________ _
______________________ ”; if notes in coupon form are desired, th e assignm ent should be to “T h e S ecretary of
the T reasu ry for exchange for 5% percent T reasury N otes of Series F-1976 in coupon form to be delivered to
VI. GENERAL PROVISIO NS

1. As fiscal agents of the U nited States, F ederal R eserve B anks are authorized and requested to receive
subscriptions, to m ake such allotm ents as m ay be prescribed by the Secretary of th e T reasury, to issue such
notices as m ay be necessary, to receive paym ent for and m ake delivery of notes on full-paid subscriptions
allotted, and th ey m ay issue interim receipts pending delivery of the definitive notes.
2. T h e Secretary of the T reasu ry m ay a t any time, or from tim e to time, prescribe supplem ental or
am endatory rules and regulations governing the offering, which will be com m unicated prom ptly to the F ederal
R eserve Banks.
G E O R G E P. SHULTZ,
S ecretary of the T reasury.

UNITED STATES OF AMERICA
6 'A PERCENT TREASURY NOTES OF SERIES A -1979
D a t e d a n d b e a r i n g i n t e r e s t f r o m A u g u s t 15, 1 9 7 2

D u e A u g u s t 15, 1 9 7 9
T H E D EPA RTM EN T OF T H E TREA SURY
Office of th e S e c retary
W ashing ton , J u ly 27, 1972

DEPARTMENT CIRCULAR

P u b lic D e b t S eries No. 8-72

I.

O FFERIN G O F NOTES

1. T he Secretary of the Treasury, pursuant to the authority of the Second L iberty Bond Act, as am ended,
offers notes of the U nited States, designated 6 Vi percent T reasu ry N otes of Series A-1979, a t par, in exchange
for th e following securities, singly or in com binations aggregating $ 1 , 0 0 0 or m ultiples thereof:
( 1 ) 5 percent T reasury N otes of Series E-1972, dated M ay 15, 1971, due August 15, 1972;
( 2 ) 4 percent T reasury Bonds of 1972, dated Septem ber 15, 1962, due August 15, 1972;
( 3 ) 2 V2 percent T reasu ry Bonds of 1967-72, d ated October 20, 1941, due Septem ber 15, 1972, with
a cash p aym ent of $1.12220 per $1,000 to the U nited States;
( 4 ) 6 percent T reasu ry N otes of Series F-1972, dated Ju n e 29, 1971, due N ovem ber 15, 1972, with
a cash paym ent of $4.20838 per $1,000 to subscribers;
( 5 ) 2 V2 percent T reasu ry Bonds of 1967-72, d ated N ovem ber 15, 1945, due D ecem ber 15, 1972, w ith
a cash paym ent of $6.00915 p er $1,000 to th e U nited States;
( 6 ) 5 3A percent T reasury N otes of Series A-1974, dated N ovem ber 15, 1967, due N ovem ber 15, 1974,
w ith a cash paym ent of $6.10880 per $ 1 , 0 0 0 to subscribers;
( 7 ) 3Va percent T reasury Bonds of 1974, dated D ecem ber 2, 1957, due N ovem ber 15, 1974, with a
cash paym ent of $30.23856 per $1,000 to the U nited States;
( 8 ) 5 3A percent T reasury N otes of Series A-1975, dated F eb ru ary 15, 1968, due F eb ru ary 15, 1975,
w ith a cash paym ent of $3.06136 per $1,000 to subscribers; or
( 9 ) 5 % percent T reasu ry Notes of Series E-1975, dated October 22, 1971, due F eb ru ary 15, 1975,
w ith a cash paym ent of $5.81659 per $1,000 to subscribers.
In terest will be adjusted as of August 15, 1972, on the securities due subsequent to th a t date. P aym ents on ac­
count of accrued interest and cash adjustm ents will be m ade as set forth in Section IV hereof. T h e am ount of
this offering will be lim ited to the am ount of eligible securities tendered in exchange. T h e books will be open
un til 5 : 0 0 p . m . , l o c a l t i m e , A u g u s t 2 , 1 9 7 2 , for the receipt of subscriptions, except th a t individuals exchanging
registered securities will be perm itted to subm it subscriptions until 5 :0 0 p.m., local time, August 4, 1972.
2. In addition,
( a ) holders of all of th e securities enum erated in P arag rap h 1 of this section are offered the privilege
of exchanging all or any p art of them for 6 % percent T reasury Bonds of 1984 which offering is set
forth in D ep artm en t Circular, Public D eb t Series — No. 9-72, and
( b ) holders of the securities m aturing in 1972, are offered the privilege of exchanging all or any p art of
them for 5 % percent T reasury Notes of Series F-1976, which offering is set forth in D epartm en t
Circular, P ublic D ebt Series — No. 7-72. T hese two circulars are being issued sim ultaneously w ith
this circular.
3. O p t i o n a l r e c o g n i t i o n o f g a i n o r lo s s f o r F e d e r a l i n c o m e t a x p u r p o s e s o n s e c u r i t i e s d u e in 1 9 7 4 a n d 1 9 7 5 .

— P u rsu an t to the provisions of section 1 0 3 7 (a ) of the Intern al R evenue Code of 1954, the Secretary of the
T reasury hereby declares th a t gain or loss for F ederal income tax purposes upon the exchange with the U nited
States of th e securities due in 1974 and 1975 enum erated in P arag raph 1 of this section solely for the 6 Vi
p ercent T reasu ry N otes of Series A-1979 m ay be recognized either —
( 1 ) in the taxable year of the exchange, or
( 2 ) in the taxable year of disposition or redem ption of the new obligations.
In the case of either option, any gain realized on the exchange to the extent th a t m oney (o ther th an as an
interest ad ju stm en t) is received by the security holder in connection w ith the exchange m ust be recognized as
gain for th e taxable year of the exchange.
II. DESCRIPTION O F NOTES
1 . T h e notes will be dated August 15, 1972, and will bear interest from th a t date at th e rate of 6 Vi percent
per annum , payable sem iannually on F eb ruary 15 and August 15 in
each
year until the principal am ount
becomes payable. T h ey will m ature August 15, 1979, and will not be subject to call for redem ption prior to
m aturity.
2. T h e income derived from the notes is subject to all taxes imposed under th e In tern al R evenue Code of
1954. T h e notes are subject to estate, inheritance, gift or other excise taxes, w hether F ederal or State, b u t are
exem pt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of
the possessions of the U nited States, or by any local taxing authority.
3. T h e notes will be acceptable to secure deposits of public moneys.
T h ey will not be acceptable in paym ent
of taxes.
4. B earer notes w ith interest coupons attached, and notes registered as to principal and interest, will be
issued in denom inations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision will be m ade for the
interchange of notes of different denom inations and of coupon and registered notes, and for the transfer of
registered notes, under rules and regulations prescribed by the Secretary of the Treasury.
5 . T h e notes will be subject to the general regulations of T h e D ep artm en t of the Treasury, now or hereafter
prescribed, governing U nited States notes.

III. SUBSCRIPTION A N D ALLOTMENT

1. Subscriptions accepting the offer m ade by this circular will be received at the F ederal R eserve B anks
and B ranches and a t the Office of the T reasurer of the U nited States, W ashington, D. C. 20220. Banking
institutions generally m ay subm it subscriptions for account of customers, bu t only the F ederal R eserve Banks
and T he D epartm ent of the T reasury are authorized to act as official agencies.
2. U nder the Second L iberty Bond Act, as am ended, the Secretary of the T reasury has the authority to
reject or reduce any subscription, and to allot less th an the am ount of notes applied for when he deem s it to be
in the public interest; and any action he m ay take in these respects shall be final. Subject to the exercise of th a t
authority, all subscriptions will be allotted in full.
IV. PAYMENT

1. P ay m en t for the face am ount of notes allotted hereunder m ust be m ade on or before August 15, 1972,
or on later allotm ent, and m ay be m ade only in a like face am ount of securities of the issues enum erated in
P aragrap h 1 of Section I hereof, which should accom pany the subscription. P aym en t will not be deem ed to have
been com pleted where registered notes are requested if the appropriate identifying num ber as required on tax
returns and other docum ents subm itted to the In tern al Revenue Service (a n individual’s social security num ber
or an em ployer identification n u m b er) is not furnished. P aym ents due to subscribers (paragraphs 3, 4, 6 , 8 and
9 below ) will be m ade by check or by credit in any account m aintained by a banking institution w ith the
F ederal R eserve B ank of its D istrict, following acceptance of the securities surrendered. In the case of
registered securities, the paym ent will be m ade in accordance with the assignments thereon. P aym en ts due from
subscribers (paragraphs 5 and 7 below ) should accom pany th e subscription.
2. 5 p e r c e n t n o t e s of S e r i e s E - 1 9 7 2 a n d 4 p e r c e n t b o n d s o f 1 9 7 2 . — W hen paym ent is m ade w ith securities
in bearer form, coupons d ated August 15, 1972, should be d e t a c h e d and cashed when due.*
3. 2Va p e r c e n t b o n d s o f S e p t e m b e r 15, 1 9 6 7 - 7 2 . — W hen paym ent is m ade w ith bonds in bearer form,
coupons d ated Septem ber 15, 1972, m ust be a t t a c h e d to the bonds when surrendered. Accrued interest from
M arch 15 to August 15, 1972 ($10.39402 per $1,000) will be credited, the paym ent due the U nited States
($1.12220 per $1,000) will be charged, and the difference ($9.27182 per $1,000) will be paid to subscribers.
4. 6 p e r c e n t n o t e s o f S e r i e s F - 1 9 7 2 . — W hen paym ent is m ade w ith notes in bearer form, coupons dated
N ovem ber 15, 1972, m ust be a t t a c h e d to the notes when surrendered. Accrued interest from M ay 15 to August
15, 1972 ($15.00000 per $1,000), plus the cash paym ent ($4.20838 per $1,000), a to tal of $19.20838 per
$ 1 ,0 0 0 , will be paid to subscribers.
5. 2 V2 p e r c e n t b o n d s o f D e c e m b e r 15, 1 9 6 7 - 7 2 . — W hen paym ent is m ade w ith bonds in b earer form,
coupons dated D ecem ber 15, 1972, m ust be a t t a c h e d to the bonds when surrendered. Accrued interest from Ju n e
15 to August 15, 1972 ($4.16667 p er $1,000) will be credited, the paym ent due the U nited States ($6.00915 per
$1,000) will be charged, and the difference ($1.84248 per $1,000) m ust be paid to the U nited States.
6 . 5% p e r c e n t n o t e s o f S e r i e s A - 1 9 7 4 . — W hen paym ent is m ade with notes in bearer form, coupons dated
N ovem ber 15, 1972, and all subsequent coupons, m ust be a t t a c h e d to the notes when surrendered. Accrued
interest from M ay 15 to August 15, 1972 ($14.37500 per $1,000), plus the cash paym ent ($6.10880 per $1,000),
a to tal of $20.48380 per $1,000, will be paid to subscribers.
7. 3% p e r c e n t b o n d s o f 1 9 7 4 . — W hen paym ent is m ade w ith bonds in bearer form, coupons dated
N ovem ber 15, 1972, and all subsequent coupons, m ust be a t t a c h e d to the bonds when surrendered. Accrued
interest from M ay 15 to August 15, 1972 ($9.68750 per $1,000) will be credited, th e paym ent due the U nited
States ($30.23856 per $1,000) will be charged, and the difference ($20.55106 per $1,000) m ust be paid to
the U nited States.
8 . 5 % p e r c e n t n o t e s o f S e ri e s A - 1 9 7 5 . — W hen paym ent is m ade with notes in b earer form, coupons dated
F ebru ary 15, 1973, and all subsequent coupons, m ust be a t t a c h e d (A ugust 15, 1972, coupons should be
d e t a c h e d * ) to the notes when surrendered. A cash paym ent of $3.06136 per $1,000 will be paid to subscribers.
9. 5 % p e r c e n t n o t e s o f S e r i e s E - 1 9 7 5 . — W hen paym ent is m ade w ith notes in bearer form, coupons d ated
F eb ru ary 15, 1973, and all subsequent coupons, m ust be a t t a c h e d (A ugust 15, 1972, coupons should be
d e t a c h e d * ) to th e notes when surrendered. A cash paym ent of $5.81659 per $1,000 will be paid to subscribers.
V . ASSIGN M ENT O F REGISTERED SECURITIES

1.
Registered securities tendered in paym ent for notes offered hereunder should be assigned by the registered
payees or assignees thereof, in accordance with the general regulations of T h e D ep artm en t of th e T reasury
governing assignm ents for transfer or exchange, in one of the forms hereafter set forth, and thereafter should be
surrendered with the subscription to a F ederal R eserve B ank or B ranch or to the Office of the T reasurer of the
U nited States, W ashington, D. C. 20220. T he securities m ust be delivered at the expense and risk of th e holder.
If the notes are desired registered in the same nam e as th e securities surrendered, the assignm ent should be to
“T h e S ecretary of the T reasury for exchange for 6 lA percent T reasury Notes of Series A-1979”; if the notes are
desired registered in another name, th e assignm ent should be to “T he S ecretary of the T reasu ry for exchange
for 6V4 percent T reasury N otes of Series A-1979 in the nam e of_________________________________________
if notes in coupon form are desired, th e assignm ent should be to “T h e S ecretary of the T reasury for exchange
for 6 V4 percent T reasury N otes of Series A-1979 in coupon form to be delivered to___________________________
VI. GENERAL PROVISIO NS

1. As fiscal agents of the U nited States, F ederal R eserve B anks are authorized and requested to receive
subscriptions, to m ake such allotm ents as m ay be prescribed by the S ecretary of the Treasury, to issue such
notices as m ay be necessary, to receive paym ent for and m ake delivery of notes on full-paid subscriptions
allotted, and they m ay issue interim receipts pending delivery of th e definitive notes.
2. T h e Secretary of the T reasury m ay at any time, or from tim e to time, prescribe supplem ental or
am endatory rules and regulations governing the offering, which will be com m unicated prom ptly to the F ederal
R eserve Banks.
G E O R G E P. SHULTZ,
Secretary of the T reasury.
* In te re st d u e on A ugust 15, 1972, on re g iste red securities w ill b e p a id b y issue of in te re st checks in re g u la r course to h o lders of
re co rd on J u ly 14, 1972, th e d a te th e tra n s fe r books closed.

UNITED STATES OF AMERICA
6%

PERCENT TREASURY BONDS OF 1984

D a t e d a n d b e a r i n g i n t e r e s t f r o m A u g u s t 15, 1 9 7 2
DEPARTMENT CIRCULAR

P u b lic D e b t Series N o. 9-72

D u e A u g u s t 15, 1 9 8 4
T H E D EPA R TM EN T OF T H E TREA SURY
Office of th e S e c retary
W ash in gto n, J u ly 27, 1972

I. O FFERIN G O F BONDS

1. T h e S ecretary of the Treasury, pursuant to the authority of th e Second L iberty Bond Act, as am ended,
offers bonds of the U nited States, designated 6 3/s percent T reasury Bonds of 1984, a t 99.40 percent of their
face value, in exchange for the following securities, singly or in com binations aggregating $ 1 , 0 0 0 or m ultiples
th ere o f:
(1 ) 5 percent T reasury N otes of Series E-1972, dated M ay 15, 1971, due August 15, 1972;
(2 ) 4 percent T reasury Bonds of 1972, dated Septem ber 15, 1962, due August 15, 1972;
( 3 ) 2Vz percent T reasury Bonds of 1967-72, dated October 20, 1941, due Septem ber 15, 1972, w ith a
cash paym ent of $1.12220 per $1,000 to the U nited States;
(4 ) 6 percent T reasury Notes of Series F-1972, dated Ju n e 29, 1971, due N ovem ber 15, 1972, w ith
a cash paym ent of $4.20838 per $1,000 to subscribers;
(5 ) 2Vz percent T reasury Bonds of 1967-72, d ated N ovem ber 15, 1945, due D ecem ber 15, 1972, w ith
a cash paym ent of $6.00915 per $1,000 to the U nited States;
( 6 ) 5% percent T reasu ry Notes of Series A-1974, d ated N ovem ber 15, 1967, due N ovem ber 15, 1974,
w ith a cash paym ent of $6.10880 per $ 1 , 0 0 0 to subcribers;
(7 ) 3 % percent T reasu ry Bonds of 1974, d ated D ecem ber 2, 1957, due N ovem ber 15, 1974, w ith a
cash paym ent of $30.23856 per $1,000 to the U nited States;
( 8 ) 5% percent T reasury Notes of Series A-1975, dated F eb ru ary 15, 1968, due F eb ru ary 15, 1975,
with a cash paym ent of $3.06136 per $1,000 to subscribers; or
(9 ) SV& percent T reasury Notes of Series E-1975, d ated O ctober 22, 1971, due F eb ru ary 15, 1975,
w ith a cash paym ent of $5.81659 per $1,000 to subscribers.
Interest will be adjusted as of August 15, 1972, on th e securities due subsequent to th a t date. P ay m en ts on account
of accrued interest and cash adjustm ents will be m ade as set forth in Section IV hereof. In addition, the Secre­
tary of the T reasu ry offers the bonds to n atu ral persons in their own right for cash, not to exceed $10,000 to
any one person. T h e books will be open un til 5 : 0 0 p . m . , l o c a l t i m e , A u g u s t 2 , 1 9 7 2 , for the receipt of sub­
scriptions, except th a t individuals subscribing for cash, or exchanging registered securities, will be perm itted
to subm it subscriptions until 5:00 p.m., local time, August 4, 1972.
2. In addition,
( a ) holders of all of th e securities enum erated in P arag rap h 1 of this section are offered the privilege
of exchanging all or any p a rt of them for 6 V4 percent T reasury Notes of Series A-1979, which
offering is set forth in D ep artm en t Circular, Public D eb t Series — No. 8-72, and
( b ) holders of th e securities m aturing in 1972, are offered the privilege of exchanging all or any p a rt
of them for SV& percent T reasury Notes of Series F-1976, which offering is set forth in D ep artm en t
Circular, P ublic D eb t Series — No. 7-72.
These two circulars are being issued sim ultaneously with this circular.
3. O p t i o n a l r e c o g n i t i o n o f g a i n o r lo s s f o r F e d e r a l i n c o m e t a x p u r p o s e s o n s e c u r i t i e s d u e in 1 9 7 4 a n d
1 9 7 5 . — P u rsuant to the provisions of section 1 0 3 7 (a) of the In tern al R evenue Code of 1954, the Secretary
of the T reasu ry hereby declares th a t gain or loss for F ederal income tax purposes upon the exchange w ith the
U nited States of the securities due in 1974 and 1975 enum erated in P arag rap h 1 of this section solely for the
6 % percent T reasury Bonds of 1984 m ay be recognized either —
( 1 ) in the taxable year of the exchange, or
( 2 ) in the taxable year of disposition or redem ption of the new obligations.
In the case of either option, any gain realized on the exchange to th e extent th a t m oney (o th er th an as an
interest ad ju stm en t) is received by the security holder in connection w ith the exchange m ust be recognized as
gain for the taxable year of the exchange.
II. DESCRIPTION O F BONDS
1 . T h e bonds will be dated August 15, 1972, and will bear interest from th a t date a t the rate of 6 %
percent p er annum , payable sem iannually on F eb ru ary 15 and August 15 in each year until the principal
am ount becomes payable. T h ey will m ature August 15, 1984, and will not be subject to call for redem ption
prior to m aturity.
2. T h e income derived from the bonds is subject to all taxes im posed under the In tern al R evenue Code of
1954. T h e bonds are subject to estate, inheritance, gift or other excise taxes, w hether F ederal or State, b u t are
exem pt from all taxation now or hereafter imposed on th e principal or interest thereof by any State, or any of
th e possessions of the U nited States, or by any local taxing authority.
3. T h e bonds will be acceptable to secure deposits of public moneys. T h ey will not be acceptable in pay­
m ent of taxes.
4. B earer bonds w ith interest coupons attached, and bonds registered as to principal and interest, will be
issued in denom inations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision will be m ade for th e
interchange of bonds of different denom inations and of coupon and registered bonds, and for th e transfer of
registered bonds, tinder rules and regulations prescribed by the S ecretary of the Treasury.
5. T h e bonds will be subject to the general regulations of T he D epartm ent of the Treasury, now or here­
after prescribed, governing U nited States bonds.

III. SUBSCRIPTION A N D ALLOTMENT

1. Subscriptions accepting the offer m ade by this circular will be received a t the F ederal R eserve B anks
and B ranches and at the Office of th e T reasurer of the U nited States, W ashington, D. C. 20220. O nly the
F ederal Reserve B anks and T h e D ep artm en t of th e T reasu ry are authorized to act as official agencies. Banking
institutions generally m ay subm it subscriptions for account of customers, provided th e nam es of custom ers
subscribing for cash are set forth in such subscriptions. O thers th an banking institutions will not be perm itted
to enter cash subscriptions except for their own account.
2. Cash subscriptions, which m ay not exceed $10,000 from an y one person, m ust be accom panied by
p aym ent of 1 0 percent of the face am ount of bonds applied for.
•

3. B anking institutions in subm itting cash subscriptions for custom ers will be required to certify th a t they
have no beneficial interest in any such subscriptions.
4. U nder th e Second L iberty Bond Act, as am ended, the Secretary of the T reasury has the authority to
reject or reduce any subscription, and to allot less than the am ount of bonds applied for when he deem s it to
be in the public interest; and any action he m ay take in these respects shall be final. Subject to the exercise of
th a t authority, all subscriptions will be allotted in full.
IV. PAYMENT

1. P ay m en t for th e face am ount of bonds allotted hereunder in exchange for securities of the issues
enum erated in P arag rap h 1 of Section I hereof, m ust be m ade on or before August 15, 1972, or on later
allotm ent, and m ay be m ade only in a like face am ount of such securities, which should accom pany th e sub­
scription. On cash subscriptions paym ent at 99.40 percent of their face value and accrued interest, if any, for
bonds allotted hereunder, m ust be com pleted on or before August 15, 1972, in cash or other funds fully
collectible by th a t date. In every case where full paym ent is not com pleted, the paym ent w ith the application
up to 10 percent of th e am ount of bonds allotted shall, upon declaration m ade by the Secretary of the
T reasury in his discretion, be forfeited to the U nited States. P aym en t will not be deem ed to have been com­
pleted where registered bonds are requested if the appropriate identifying num ber as required on tax returns
an d other docum ents subm itted to the Intern al R evenue Service (a n individual’s social security num ber or
an em ployer identification nu m b er) is not furnished. P aym ents due to subscribers (paragraphs 2, 3, 4, 5, 6, 8 and
9 below ) will be m ade by check or by credit in any account m aintained by a banking institution with the
Federal R eserve B ank of its D istrict, following acceptance of the securities surrendered. In the case of
registered securities, the paym ent will be m ade in accordance with the assignm ents thereon. P aym ents due from
subscribers (paragraph 7 below ) should accom pany the subscription.
2. 5 p e r c e n t n o t e s o f S e r i e s E - 1 9 7 2 a n d 4 p e r c e n t b o n d s o f 1 9 7 2 . — W hen paym ent is m ade w ith
securities in bearer form, coupons dated August 15, 1972, should be d e t a c h e d and cashed when due.* A cash
p aym ent of $6.00 per $1,000 on account of the issue price of the new bonds will be m ade to subscribers.
3. 2 ’/ 2 p e r c e n t b o n d s o f S e p t e m b e r 15, 1 9 6 7 - 7 2 . — W hen paym ent is m ade w ith bonds in bearer form,
coupons d ated Septem ber 15, 1972, m ust be a t t a c h e d to the bonds when surrendered. Accrued interest from
M arch 15 to August 15, 1972 ($10.39402 per $1,000) plus the paym ent on account of the issue price of the
new bonds ($6.00 per $1,000) will be credited, the paym ent ($1.12220 per $1,000) due the U nited States
will be charged, and the difference ($15.27182 per $1,000) will be paid to subscribers.
4. 6 p e r c e n t n o t e s o f S e r i e s F - 1 9 7 2 . — W hen p aym ent is m ade w ith notes in b earer form, coupons dated
N ovem ber 15, 1972, m ust be a t t a c h e d to the notes when surrendered. Accrued interest from M ay 15 to August
15, 1972 ($15.00000 p er $1,000), the paym ent on account of the issue price of the new bonds ($6.00 per
$1,000) and the cash paym ent ($4.20838 per $1,000), a total of $25.20838 per $1,000, will be paid to
subscribers.
5. 2V2 p e r c e n t b o n d s o f D e c e m b e r 15, 1 9 6 7 - 7 2 . — W hen paym ent is m ade w ith bonds in bearer form,
coupons dated D ecem ber 15, 1972, m ust be a t t a c h e d to th e bonds when surrendered. Accrued interest from
Ju n e 15 to August 15, 1972 ($4.16667 per $1,000) plus the paym ent on account of the issue price of the new
bonds ($6.00 per $1,000) will be credited, th e paym ent due the U nited States ($6.00915 per $1,000) will be
charged, and th e difference ($4.15752 per $1,000) will be paid to subscribers.
6. 5 % p e r c e n t n o t e s o f S e r i e s A - 1 9 7 4 . — W hen paym ent is m ade w ith notes in bearer form, coupons
dated N ovem ber 15, 1972, and all subsequent coupons, m ust be a t t a c h e d to th e notes when surrendered.
Accrued interest from M ay 15 to August 15, 1972 ($14.37500 per $1,000), the paym ent on account of the issue
price of th e new bonds ($6.00 per $1,000) and the cash paym ent ($6.10880 per $1,000), a to tal of $26.48380
per $1,000, will be paid to subscribers.
7. 3 % p e r c e n t b o n d s o f 1 9 7 4 . — W hen paym ent is m ade w ith bonds in bearer form, coupons dated
N ovem ber 15, 1972, and all subsequent coupons, m ust be a t t a c h e d to the bonds when surrendered. Accrued
interest from M ay 15 to August 15, 1972 ($9.68750 per $1,000) plus the pay m en t on account of the issue
price of th e new bonds ($6.00 per $1,000) will be credited, the paym ent ($30.23856 per $1,000) due the
U nited States will be charged, th e difference ($14.55106 per $1,000) m ust be paid by subscribers.
8 . 5 % p e r c e n t n o t e s o f S e r i e s A - 1 9 7 5 . — W hen p aym ent is m ade w ith notes in bearer form, coupons
d ated F eb ru ary 15, 1973, and all subsequent coupons, m ust be a t t a c h e d (A ugust 15, 1972, coupons should be
d e t a c h e d * ) to the notes when surrendered. T h e paym ent on account of the issue price of the new bonds ($6.00
per $1,000) and the cash paym ent ($3.06136 per $1,000), a to tal of $9.06136 per $1,000, will be paid to
subscribers.
9. 5 % p e r c e n t n o t e s o f S e r i e s E - 1 9 7 5 . — W hen p aym ent is m ade w ith notes in bearer form, coupons
dated F eb ru ary 15, 1973, and all subsequent coupons, m ust be a t t a c h e d (A ugust 15, 1972, coupons should be
d e t a c h e d * ) to the notes when surrendered. T h e paym ent on account of the issue price of the new bonds ($6.00
p er $1,000) and the cash paym ent ($5.81659 per $1,000), a total of $11.81659 per $1,000, will be paid to
subscribers.
V . A SS IG N M E N T O F REGISTERED SECURITIES

1.
Registered securities tendered in paym ent for bonds offered hereunder should be assigned by the
registered payees or assignees thereof, in accordance w ith the general regulations of T h e D ep artm en t of
the T reasu ry governing assignments for transfer or exchange, in one of the forms hereafter set forth, and
thereafter should be surrendered w ith the subscription to a F ederal R eserve B ank or B ranch or to the Office
of the T reasurer of the U nited States, W ashington, D. C. 20220. T he securities m ust be delivered at the expense
and risk of the holder. If the bonds are desired registered in th e sam e nam e as the securities surrendered, the
assignm ent should be to “T h e S ecretary of the T reasury for exchange for 6% percent T reasury Bonds of
1984”; if th e bonds are desired registered in another name, the assignm ent should be to “T he S ecretary of the
T reasu ry for exchange for 6 % percent T reasury Bonds of 1984 in the nam e of______________________________
____________________if bonds in coupon form are desired, the assignm ent should be to “T he Secretary of the
T reasu ry for exchange for 6 3/s percent T reasury Bonds of 1984 in coupon form to be delivered to____________
VI. GENERAL PROVISIO NS

1. As fiscal agents of the U nited States, F ederal R eserve B anks are authorized and requested to receive
subscriptions, to m ake such allotm ents as m ay be prescribed by the S ecretary of the T reasury, to issue such
notices as m ay be necessary, to receive paym ent for and m ake delivery of bonds on full-paid subscriptions
allotted, and th ey m ay issue interim receipts pending delivery of th e definitive bonds.
2. T he S ecretary of the T reasury m ay a t any time, or from tim e to time, prescribe supplem ental or
am endatory rules and regulations governing the offering, which will be com m unicated prom ptly to the F ederal
R eserve Banks.
G E O R G E P. SHULTZ,
Secretary of th e Treasury.
* In te re s t d u e on A ug ust 15, 1972, on re g iste red secu rities w ill be p a id by issue of in te re st checks in re g u la r course to h o lders of
re co rd on J u ly 14, 1972, th e d a te th e tra n s fe r books closed.

EXCHANGE SUBSCRIPTION
5%% Treasury Notes of Series F-1976
At 99.75% of Face Value
Due February 15,1976

Dated and bearing interest from August 15,1972
To: Federal Reserve Bank, Station K, Dallas, Texas 75222
or —
The.................................................................................................Branch
El Paso 79999

Honston 77001

San Antonio 78295

EACH SUBSCRIPTION TO THIS ISSUE MUST BE IN A MULTIPLE OF $1,000
Pursuant to the provisions of Treasury Department Circular, Public Debt Series No. 7-72, dated July 27,
1972, the undersigned hereby subscribes for $___________________ 5%% Treasury Notes of Series F-1976, dated
August 15, 1972, maturing February 15, 1976, and tenders the following securities in payment:
Net Cash Adjustment*

Cash Adjustment
Due to
Subscriber

(per $1,000 face amount)

Payable to
Subscriber
2.50000
2.50000
11.77182
21.70838
.65752

Securities Tendered
Face Amount
_________
4% Bonds of 1972 due 8-15-72
5% Notes, Series E-1972
2 Yz% Bonds of 1972 due 9-15-72
6% Notes, Series F-1972
2Vz% Bonds of 1972 due 12-15-72
?TOTAL
$
--------------------*See official circular for details
METHOD OF PAYMENT FOR ADJUSTMENT:
□ Reserve account. . . □ check . . . □ O therw ise......................................................................................................................... .................................
"The securities to be applied in payment should be listed on the reverse side and should accompany this subscription. If the
securities do not accompany this subscription, please attach a letter giving complete information regarding their location and
approximate date of surrender.
SCHEDULE FOR ISSU E OF BEARER SECURITIES

INSTRUCTIONS FOR DELIVERY OF
NEW SECURITIES

Fill in Number of Pieces by Denomination

Number
of Pieces

DO NOT USE THIS COLUMN

At

Amount

□
□

$1,000

□

$5,000

Custody — Member bank for own account $----------As collateral — Treasury Tax and Loan
account (Bank’s own securities)
$----------In joint safekeeping for own account and -----------

$10,000

Deliver to.

$100,000
$1,000,000

(State whether free or against funds)

TOTAL $

SCHEDULE FOR ISSUE OF REGISTERED SECURITIES
Name or names in which securities are to be registered, tax account number of
owner and mailing address for interest checks.

Denominations Desired
Pieces

-

-

or

Social Security No.

-

Denomination

?

$

?

I I I

Employer Identification No.

Am ount

(ft) $
Face A m o u n t................... $

We hereby certify that at the time this subscription was entered the above-described securities surrendered or to be surrendered
in connection with this exchange were owned and delivery accepted by the subscriber, or were contracted for purchase for value by
the subscriber for delivery to the subscriber prior to the closing of the subscription books.

□

This is an original subscription

□

This is a confirmation

(Name of subscriber)
(Address)

By__........................................................... ..........
(Authorized signature)

Dated............................— ..........................................
PLEASE FILL IN THE FORM BELOW WHICH WILL BE RETURNED TO YOU AS AN ACKNOWLEDGMENT OF
YOUR SU 3SCRIPTI0N

72-160

(OVER)

This acknowledges your subscription for $.
5%% Treasury Notes of Series F-1976.
F.R.B. Subscription No.
IMPORTANT — Please use the above number in all
matters — w heth er paym ent or correspondence —
relating to this subscription.

MAIL
TO
Name

Address

The Federal Reserve Bank or Branch will
acknowledge by stamping below.

Please list name and address of each subscriber, indicating by number in the first column the class of investor, in accordance with
the following schedule:

INVESTOR CLASSES AND NUMBERS
1.
2.
3.
4.
5.
6.

Individuals, partnerships and personal trust accounts
Mutual savings banks
Insurance companies
Dealers and brokers
Pension and retirement funds of State and local governments
Other pension and retirement funds

7. State and local government funds other than pension and
retirement
8. Commercial banks
9. Corporations other than banks and insurance companies
10. Savings and building and loan associations
11. All others

LIST OF SUBSCRIBERS
Investor
Class

NAME OF SUBSCRIBER

AMOUNT

ADDRESS

DO NOT USE

Our own subscription

TOTAL $

LIST OF SECURITIES SURRENDERED IN PAYMENT
( C O U P O N S M A T U R IN G
A T T A C H E D ).

Description

AUG U ST

IB, 1972, M U S T B E

No. Pieces

DETACHED

Denomination

AND

ALL

COUPONS

Serial Nos.

DATED

SUBSEQUENT

Location

TO

A UGUST

IB,

1972 M U S T

BE

Amount

EXCHAUGE SUBSCRIPTION
6 Va % Treasury Notes of Series A-1979
At Par

Due August 15,1979

Dated and bearing interest from August 15,1972
To: Federal Reserve Bank, Station K, Dallas, Texas 75222
or —
.................................................... .................. ..........Branch
The..............
E l P a s o 79999

H o u s t o n 77001

S a n A n to n io 78295

EACH SUBSCRIPTION TO THIS ISSUE MUST BE IN A MULTIPLE OF $1,000
Pursuant to the provisions of Treasury Department Circular, Public Debt Series No. 8-72, dated July 27,
1972, the undersigned hereby subscribes for $___________________ 6*4,% Treasury Notes of Series A-1979, dated
August 15, 1972, maturing August 15, 1979, and tenders the following securities in payment:
Net Cash Adjustment*

Cash Adjustment

( p e r $1,000 f a c e a m o u n t )

Payable
by
Subscriber

Due to
Due from
Payable to
Subscriber
Securities Tendered
Subscriber
Subscriber
Face Amount
4% Bonds of 1972, due 8-15-72
5% Notes, Series E-1972
$2V2% Bonds of 1972 due 9-15-72
9.27182
6% Notes, Series F-1972
19.20838
<t
2y2% Bonds of 1972 due 12-15-72
1.84248
$5%% Notes, Series A-1974
20.48380
3% % Bonds of 1974 due 11-15-74
$
20.55106
5%% Notes, Series A-1975
3.06136
5%% Notes, Series E-1975
S_
5.81659
TOTAL
$*See official circular for details
METHOD OF PAYMENT FOR ADJUSTMENT:
□ Reserve account. . . □ check . . . □ Otherwise .. .......................................................................................................................................................
The securities to be applied in payment should be listed on the reverse side and should accompany this subscription. Tf the
securities do not accompany this subscription, please attach a letter giving complete information regarding their location and
approximate date of surrender.
SCHEDULE FOR ISSU E OF BEARER SECURITIES

INSTRUCTIONS FOR DELIVERY OF
NEW SECURITIES

F i l l in N u m b e r o f P ie c e s b y D e n o m i n a ti o n
N um ber
o f P ie c e s

DO N O T U SE T H IS CO LU M N

At

A m ount

□
□

$1,000

□

$5,000

Custody — Member bank for own account $_
As collateral — Treasury Tax and Loan
account (Bank’s own securities)
$In joint safekeeping for own account and _

$10,000

_______ ___________________ _________________S

$100,000

Deliver to.

$1,000,000

(State whether free or against funds)

TOTAL $

SCHEDULE FOR ISSUE OF REGISTERED SECURITIES
Name or names in which securities are to be registered, tax account number of
__________ ____________
owner and mailing address for interest checks.

Denominations Desired
No. of
Pieces

-

-

A m ount

■t

or

S o c ia l S e c u r i ty N o.

Denom ination

E m p lo y e r I d e n t if ic a ti o n N o .

Face Amount

We hereby certify that at the time this subscription was entered the above-described securities surrendered or to be surren !e I
in connection with this exchange were owned and delivery accepted by the subscriber, or were contracted for purchase for value by
the subscriber for delivery to the subscriber prior to the closing of the subscription books.

□

This is an original subscription

□

This is a confirmation

(Nam e of subscriber)
(Address)

By.....

(Authorized signature)

Dated.
PLEASE FILL IN THE FORM BELOW WHICH WILL BE RETURNED TO YOU AS AN ACKNOWLEDGMENT OF
YOUR SUBSCRIPTION
(OVEB)

72-160

This acknowledges your subscription for $.
6 % % Treasury Notes of Series A-1979.

F.R.B. Subscription No.
IMPORTANT — Please use the above number in all
matters — w h eth er p ay m en t or corresp ond en ce —
relating to this subscription.

MAIL
TO
Name

Address

The Federal Reserve Bank or Branch will
acknowledge by stamping below.

Please list name and address of each subscriber, indicating by number in the first column the class of investor, in accordance with
the following schedule:

INVESTOR CLASSES AND NUMBERS
1.
2.
3.
4.
5.
6.

Individuals, partnersh ips and personal tr u s t accounts
M utual savings banks
Insurance com panies
D ealers and brokers
Pension and retirem en t funds of S tate and local governm ents
O ther pension and retirem en t funds

7. S tate and local governm ent funds other th a n pension and
retirem en t
8. Commercial banks
9. Corporations o ther th an banks and insurance companies
10. Savings and building and loan associations
11. All others

LIST OF SUBSCRIBERS
Investor
C io n

NAME OF SUBSCRIBER

ADDRESS

AMOUNT

DO NOT USE

Our own subscription

TOTAL $

LIST OF SECURITIES SURRENDERED IN PAYMENT
(COUPONS MATURING AUGUST 15, 1972, MUST BE DETACHED AND ALL COUPONS DATED SUBSEQUENT TO AUGUST 15, 1972 MUST BE
ATTACHED.)

Description

No. Pieces

Denomination

Serial Nos.

Location

Amount

EXCHANGE SUBSCRIPTION
6%% Treasury Bonds of 1984
At 99.40% of Face Value
Dated and bearing interest from August 15,1972

Due August 15,1984

To: F ederal Reserve Bank, S tation K, D allas, T exas 75222
or —
T he........................................................................... .............................Branch
E l P a s o 79999

H o u s to n 77001

S a n A n to n io 78295

EACH SUBSCRIPTION TO THIS ISSUE MUST BE IN A MULTIPLE OF $1,000
Pursuant to the Provisions of Treasury Department Circular, Public Debt Series No. 9-72, dated July 27,
1972, the undersigned hereby subscribes for $__________________ 6%% Treasury Bond of 1984, dated August 15,
1972, maturing August 15, 1934, and tenders the following securities in payment:
N et Cash A djustm ent*

Cash A djustm ent

( p e r $1,000 fa c e a m o u n t)

Payable
by
Subscriber

Securities Tendered
Face Amount
4% Bonds of 1972 due 8-15-72
S-------------------------5% N otes, Series E-1972
$----------2 y2% Bonds of 1972 due 9-15-72
6% N otes, Series F-1972
$_
2 V z% Bond of 1972 due 12-15-72
5% % N otes, Series A-1974
3% % Bonds of 1974 due 11-15-74
5% % N otes, Series A-1975
5% % N otes, Series E-1975
TOTAL
*See official circular fo r details
METHOD O F PAY M EN T FO R A D JU STM EN T:

□

Reserve account. . .

□

check. . .

□

D ue to
Subscriber

Due from
Subscriber

Payable to
Subscriber
6.00000
6.00000

15.27182
25.20838
4.15752
26.48380
14.55106
9.06136
11.81659
$

---------------------

$-

------------

Otherwise...............................................................................................................................................

The securities to be applied in paym ent should be listed on th e reverse side and should accom pany th is subscription. I f the
securities do not accom pany th is subscription, please a ttac h a le tte r giving com plete inform ation reg ard in g th e ir location and
approxim ate date of surrender.
SCH ED U LE FOR ISS U E OF BEA RER SEC U R ITIES

INSTRUCTIONS FOR DELIVERY OF
NEW SECURITIES

F i l l in N u m b e r o f P ie c e s b y D e n o m in a tio n
N um ber
o f P ie c e s

DO N O T U S E T H IS C O LU M N

At

A m ount

□
□

$1,000

Custody — M ember bank fo r own account $_
As collateral — T reasu ry T ax and Loan
account (B ank’s own securities)
$In joint safekeeping fo r own account and _

$5,000

□

$10,000

______________________________ I-

$100,000

D eliver to------------------------------------------------------

$l,00 0,0u0

(S ta te w hether fre e or ag a in st funds)

TOTAL $

SCHEDULE FOR ISSUE OF REGISTERED SECURITIES
N am e or nam es in which securities are to be registered, ta x account num ber of
ow ner and m ailing address fo r in terest checks.

D enom inations Desired
£ .° -o f

D e n o m in a tio n

tlOCCB
<S) *
■

-

or

S o c ia l S e c u r ity N o .

.

O *

E m p lo y e r I d e n tif ic a tio n N o.

A m ount

$
?

Face A m o u n t ................... $----------------------

We hereby certify th a t a t the tim e this subscription w as entered the a b o v e -d e s c riu e u securities surrendered or to be surrendere„
in connection w ith this exchange w ere owned and delivery accepted by the subscriber, or w ere contracted for purchase for value by
the subscriber for delivery to the subscriber prior to the closing of the subscription books.

□

This is an original subscription
(Nam e

□

This is a confirmation

of subscriber)

(Address)

By.......

(Authorized signature)

Dated.
P L E A SE F IL L IN T H E FORM BELOW W H IC n W ILL BE RETU RN ED TO YOU AS AN ACKNOW LEDGMENT OF
YOUR SUBSCRIPTION
(OVER)

7 2 -1 6 0

This acknowledges your subscription for
6% % Treasury Bond of 1984.
F.R.B. Subscription No.
IM PORTANT — P lease use th e above num ber in all
m a tte rs — w h e th e r p a y m e n t o r c o rre s p o n d e n c e —
rela tin g to th is subscription.

MAIL
TO
N am e

Address

The Federal Reserve Bank or Branch will
acknowledge by stamping below.

Please list name and address of each subscriber, indicating by number in the first column the class of investor, in accordance with
the following schedule:

INVESTOR CLASSES AND NUMBERS
1.
2.
3.
4.
5.
6.

Individuals, partnerships and personal tr u s t accounts
M utual savings banks
Insurance com panies
D ealers and brokers
Pension and retirem ent funds of S tate and local governm ents
O ther pension and retirem en t funds

7. S tate and local governm ent funds o ther th an pension and
retirem ent
8. Commercial banks
9. Corporations oth er th an banks and insurance companies
10. Savings and building and loan associations
11. All others

LIST OF SUBSCRIBERS
Investor
Class

NAME OF SUBSCRIBER

ADDRESS

AMOUNT

DO NOT USE

Our own subscription

TOTAL $

LIST OF SECURITIES SURRENDERED IN PAYMENT
(COUPONS MATURING AUGUST 15, 1972, MUST BE DETACHED AND ALL COUPONS DATED SUBSEQUENT TO AUGUST 15, 1972 MUST BE
ATTACHED.)

Description

No. Pieces

Denomination

Serial Nos.

Location

Amount