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FEDERAL RESERVE BANK OF DALLAS F IS C A L A G E N T O F TH E U N ITE D S T A T E S Dallas, Texas, July 25, 1963 EXCHANGE OFFERING To All Banking Institutions and Others Concerned In the Eleventh Federal Reserve District: Enclosed are Treasury Department Circular, Public Debt Series No. 13-63 and subscription forms relating to the refunding of Treasury securities maturing August 15, 1963. SECURITIES OFFERED 3 % PERCENT TREASURY NOTES OF SERIES F-1964 SECURITIES ELIGIBLE FOR EXCHANGE 3Y2 percent Treasury Certificates of Indebtedness of Series C-1963 2 Y2 percent Treasury Bonds of 1963 PAYMENT Payment should be made on or before August 15, 1963, and, where possible, securities tendered in payment should accompany the subscriptions. TAX ACCOUNT NUMBERS The 3 3A percent Treasury Notes of Series F-1964 may be obtained in bearer or registered form. If registered securities are requested, subscribers must furnish appropriate identifying numbers as required on tax returns and other documents submitted to the Internal Revenue Service, i.e., an individual’s Social Security number or an employer identification number. CLOSING OF SUBSCRIPTION BOOKS The subscription books will be open on July 29 through July 31, 1963, and subscriptions placed in the mail before midnight on Wednesday, July 31, will be considered timely. 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, Watrous H. Irons 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 3% PERCENT TREASURY NOTES OF SERIES F-1964 Dated and bearing interest from August 15, 1963 Due November 15, 1964 TREASURY DEPARTM ENT Office o f the Secretary Washington, July 25, 1963 DEPARTMENT CIRCULAR Public Debt Series — No. 13-63 I. OFFERING OF NOTES 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 notes of the United States, designated 3 % percent Treasury Notes of Series F-1964, in exchange for the following securities maturing August 15, 1963, singly or in combinations aggregating $1,000 or multiples thereof: 3 % percent Treasury Certificates of Indebtedness of Series C-1963; or 2 V2 percent Treasury Bonds of 1963. The amount of the offering under this circular will be limited to the amount of eligible securities tendered in exchange and accepted. The books will be open only on July 29 through July 31, 1963, for the receipt of subscriptions for this issue. II. DESCRIPTION OF NOTES 1. The notes will be dated August 15, 1963, and will bear interest from that date at the rate of 3% percent per annum, payable on a semiannual basis on November 15, 1963, and on M ay 15 and Novem ber 15, 1964. They will mature November 15, 1964, and will not be subject to call for redemption prior to maturity. 2. The income derived from the notes is subject to all taxes imposed under the Internal Revenue Code of 1954. The notes are subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but are 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 notes will be acceptable to secure deposits of public moneys. They will not be acceptable in payment of taxes. 4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000 and $500,000,000. Provision will be made for the interchange of notes of different denominations 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. The notes will be subject to the general regulations of the Treasury Department, now or hereafter prescribed, governing United States notes. III. SUBSCRIPTION AND ALLOTMENT 1. Subscriptions will be received at the Federal Reserve Banks and Branches and at the Office of the Treasurer of the United States, Washington, D. C. 20220. 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. All subscribers requesting registered notes will be required to furnish appropriate identifying numbers as required on tax returns and other documents submitted to the Internal Revenue Service, i.e., an individual’s social security number or an employer identification number.3 3. The Secretary of the Treasury reserves the right to reject or reduce any subscription, and to allot less than the amount of notes applied for; 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 for the face amount of notes allotted hereunder must be made on or before August 15, 1963, or on later allotment, and may be made only in securities of the two issues enumerated in paragraph 1 of Section I hereof, which will be accepted at par, and should accompany the subscription. Payment will not be deemed to have been completed where registered notes are requested if the appropriate identifying number, as required by paragraph 2 of Section III hereof, has not been furnished; provided, however, if a subscriber has applied for but is unable to furnish the identifying number by the payment date only because it has not been issued, he may elect to receive, pending the furnishing of the identifying number, interim receipts and in this case payment will be deemed to have been completed. Coupons dated August IS, 1963, should be detached from the certificates and bonds in bearer form and cashed when due. In the case of registered bonds, the final interest due on August IS, 1963, will be paid by check drawn in accordance with the assignments on the bonds surrendered, or by credit in any account maintained by a banking institution with the Federal Reserve Bank of its District V. ASSIGNMENT OF REGISTERED BONDS 1. Treasury Bonds of 1963 in registered form tendered in payment for notes offered hereunder should be assigned by the registered payees or assignees thereof, in accordance with the general regulations of the Treasury Department governing assignments for transfer or exchange, in one of the forms hereafter set forth, and thereafter should be surrendered with the subscription to a Federal Reserve Bank or Branch or to the Office of the Treasurer of the United States, Washington, D. C. 20220. The maturing bonds must be delivered at the expense and risk of the holder. If the notes are desired registered in the same name as the bonds surrendered, the assignment should be to “The Secretary of the Treasury for exchange for 3 % percent Treasury Notes of Series F-1964”; if the notes are desired registered in another name, the assign ment should be to “The Secretary of the Treasury for exchange for 3 % percent Treasury Notes of Series F-1964 in the name of____________________ if notes in coupon form are desired, the assignment should be to “The Secretary of the Treasury for exchange for 3 3A percent Treasury Notes of Series F-1964 in coupon form to be delivered to_____________________ VI. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the Treasury to the Federal Reserve Banks of the respective Districts, to issue allotment notices, to receive payment for notes allotted, to make delivery of notes on full-paid subscriptions allotted, and they may issue interim receipts pending delivery of the definitive notes. 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve Banks. DOUGLAS DILLON, Secretary of the Treasury. EXCHANGE SUBSCRIPTION 3%% Treasury Notes of Series F-1964 AT PAR Dated August 15, 1963 Due November 15, 1964 T o : Federal Reserve Bank, Station K , Dallas, Texas 75222 or— The----------------------------------------- --------- ---------------------------- Branch El Paso Houston San Antonio Pursuant to the provisions of Treasury Department Circular, Public Debt Series No. 13-63, dated July 25, 1963, the undersigned hereby subscribes for $______________________ 3 % % United States Treasury Notes, Series F-1964, dated August 15, 1963, maturing November 15, 1964, at par, and tenders the following securities in paym ent: 3 !/2 % Treasury Certificates of Indebtedness of Series C-1963 2V2% Treasury Bonds of 1963 .............................................. $-------------------------------------- .............................................................................................................. $-------------------------------------- EACH SUBSCRIPTION TO THIS ISSUE M UST BE IN A M U LTIPLE OF $1,000 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 ap proximate date of surrender. ALL COUPONS MUST BE DETACHED FROM SECURITIES SURRENDERED. SCHEDULE FOR ISSUE OF BEARER SECURITIES INSTRUCTIONS FOR D E L IV E R Y OF N E W SECUR ITIES Fill in Number of Pieces by Denomination Number of Pieces DO NOT USE THIS COLUMN At Amount □ Custody—Member bank for own account $----------□ As collateral —Treasury Tax and Loan account (Bank’s own securities) $-----------□ In joint safekeeping for own account and-------------- $1,000 $5,000 $10,000 $100,000 $1,000,000 Deliver to_ (State whether free or against funds) TOTAL $ SC H ED U LE FOR ISSUE OF R EG ISTER ED 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 Social Security or No. | | Employer Identification No. Denomination Amount (a) $ ? (n) $ $ Face A m ou 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) (Authorized signature) Dated................................................................................-.............................. PLEASE FILL IN THE FORM BELOW WHICH WILL BE RETURNED TO YOU AS AN ACKNOWLEDGMENT OF YOUR SUBSCRIPTION (OVER) 3% This acknowledges your subscription for $. Treasury Notes of Series F-1964. % F.R .B. Subscription No. IMPORTANT — Please use the above number in all matters — whether payment or correspondence — relating to this subscription. The Federal Reserve Bank or Branch will acknowledge by stamping below. M A IL ngr1 to Name Address 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 In v e sto r C la ss NAME OF SUBSCRIBER AMOUNT ADDRESS DO NOT USE Our own subscription TOTAL $ LIST OF SECU RITIES SU R R E N D E R E D IN P A Y M E N T ALL COUPONS MUST BE DETACHED Description No. Pieces Denomination Serial Nos. Location Amount
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