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FED ERAL RESERVE BANK OF D ALLAS 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 Dallas, Texas, July 2 0 ,1 9 45 EXCHANGE OFFERING To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is reproduced on the reverse side hereof Treasury Department Circular No. 778, dated July 23, 1945, in which the Secretary of the Treasury offers % % Treasury Certifi cates of Indebtedness of Series F-1946, on an exchange basis, to holders of Treasury Cer tificates of Indebtedness of Series E-1945, maturing August 1, 1945. Cash subscriptions will not be accepted. The new certificates will be dated August 1, 1945, and will bear interest from that date at the rate of % % per annum, payable semiannually on February 1 and August 1, 1946. They will mature August 1, 1946, and will not be subject to call for redemption prior to maturity. They will be issued in bearer form only, with interest coupons attached, in denominations of $1,000, $5,000, $10,000, $100,000, and $1,000,000. The books for the receipt of subscriptions to this exchange offering will be opened on Monday, July 28, 1945. The Secretary of the Treasury reserves the right to close the books at any time without notice. All timely subscriptions will be allotted in full. Subscriptions will be received at this bank and its branches at El Paso, Houston and San Antonio, and should be submitted on the enclosed form, with surrender of the matur ing certificates. It is urged that subscriptions be entered on the subscription forms rather than by let ters or otherwise. Additional subscription forms will be forwarded upon request. Yours very truly, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) U N IT E D S T A T E S O F A M E R IC A S E V E N -E I G H T H S P E R C E N T T R E A S U R Y C E R T I F I C A T E S O F OF S E R IE S IN D E B T E D N E S S F -I9 4 6 Dated and Bearing Interest from August 1,1945 Due August 1, 1946 TREASU RY DEPARTMENT Office o f the Secretary Washington, July 23, 1945 1945 Department Circular No. 773 Fiscal Service Bureau of the Public Debt I. OFFERING OF CERTIFICATES 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites subscriptions, at par, from the people of the United States for certifi cates of indebtedness of the United States, designated % percent Treasury Certificates of Indebtedness of Series F-1946, in exchange for Treasury Certificates of Indebtedness of Series E-1945, maturing August 1, 1945. II. DESCRIPTION OF CERTIFICATES 1. The certificates will be dated August 1, 1945, and will bear interest from that date at the rate of % percent per annum, payable semiannually on February 1 and August 1, 1946. They will mature August 1, 1946, and will not be subject to call for redemption prior to maturity. 2. The income derived from the certificates shall be subject to all Federal taxes, now or hereafter imposed. The certificates shall be subject to state, 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. 3. The certificates will be acceptable to secure deposits of public moneys. They will not be acceptable in payment of taxes. 4. Bearer certificates with interest coupons attached will be issued in denominations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. The certificates will not be issued in registered form, 5. The certificates will be subject to the general regulations of the Treasury Department, now or hereafter prescribed, governing United States certificates. III. SUBSCRIPTION AND ALLOTMENT 1. Subscriptions will be received at the Federal Reserve banks and branches and at the Treasury Department, Washington. Banking institutions generally may submit subscriptions for account of customers, but only the Federal Reserve banks and the Treasury Department are authorized to act as official agencies. 2. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part, to allot less than the amount of certificates applied for, and to close the books as to any or all subscriptions at any time without notice; and any action he may take in these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment. IV. PAYMENT 1. Payment at par for certificates allotted hereunder must be made on or before August 1, 1945, or on later allotment, and may be made only in Treasury Certificates of Indebtedness of Series E-1945, maturing August 1, 1945, which will be accepted at par, and should accompany the subscription. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the Treasury to the Federal Reserve banks of the respective dis tricts, to issue allotment notices, to receive payment for certificates allotted, to make delivery of certificates on full-paid subscriptions allotted, and they may issue interim receipts pending delivery of the definitive certificates. 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supple mental or amendatory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve banks. D. W, BELL Acting Secretary of the Treasury EXCHANGE OFFERING SUBSCRIPTION FOR 7/8% United States Treasury Certificates of Indebtedness Series F-I946 Dated August 1,1945 Due August 1,1946 T o: □ Federal Reserve Bank, Dallas 13, Texas □ Federal Reserve Bank Branch, El Paso, Texas □ Federal Reserve Bank Branch, Houston 1, Texas □ Federal Reserve Bank Branch, San Antonio 6, Texas For Use of Federal Reserve Bank Number............................. Amount $......................... Pursuant to the provisions of Treasury Department Circular No. 773, dated July 23, 1945, the undersigned hereby subscribes for $______________ , United States Treasury % % Certificates of Indebtedness, Series F-1946, dated August 1, 1945, maturing August 1, 1946, and tenders the following securities in payment : 7/s % Certificates of Indebtedness of Series E-1945, maturing August 1, 1945..................................................... ................................................................................ §............................... Serial numbers of certificates tendered should be listed on the reverse side. The maturing securities should be surrendered with this subscription. If maturing certificates are not tendered with this subscription, please attach a letter giving complete infor mation regarding the location and approximate date of surrender of the securities. SCHEDULE FOR ISSUE OF CERTIFICATES INSTRUCTIONS FOR DELIVERY OF CERTIFICATES □ □ Issued in Coupon Form Only. Fill in Number ©f Pieces and Denominations Desired Hold in Custody Account (Allotted to banks for own account only) Pledge to secure W ar Loan Deposits (Allotted to qualified banks for own account only) Number of Pieces At DO NOT USE THIS COLUMN $1,000 | □ Amount 1 Ship to— ------------------------------------------------------------------ $5,000 $10,000 □ Certificates of Indebtedness to be transferred by wire to $100,000 $1,000,000 (State whether free delivery or against funds) T im e S ta m p TOTAL $ □ This is an original subscription □ This is a confirmation F o r u se o f F e d e ra l R e s e r v e B a n k (N a m e o f S u b s cr ib e r ) N) By. (P r e s id e n t -C a s h ie r ) (Address) D a te d . (O v e r ) LIST OF SUBSCRIBERS NAM E OF SUBSCRIBER AM OUNT ADDRESS TOTAL $ SERIAL NUMBERS OF TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES E-1945 SURRENDERED All coupons should be detached from the surrendered certificates.
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