The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FE D E R AL R E SE R V E B AN K O F D A L L A S FISCAL. AGENT OF THE UNITED STATES Dallas, Texas, July 19, 1944 EXCHANGE OFFERING FOR TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES D-1944, MATURING AUGUST 1,1944 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. 746, dated July 20,1944, in which the Secretary of the Treasury offers % percent Treasury Certificates of Indebtedness of Series E-1945, on an exchange basis, par for par, to holders of Treasury Certificates of Indebtedness of Series D-1944, maturing August 1,1944. Cash subscriptions will not be received. The new certificates will be dated August 1, 1944, and will bear interest from that date at the rate of seven-eighths percent per annum, payable semiannually on February 1 and August 1, 1945. They will be issued in bearer form only, with two interest coupons attached, in denominations of $1,000, $5,000, $10,000, $100,000, and $1,000,000. The books for the receipt of subscriptions to this exchange offering will be opened on Thursday morning, July 20, 1944, and will remain open until further notice. All 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 forms enclosed, with surrender of the maturing certificates. Additional forms will be for warded to you upon request. Yours very truly, R. R. GILBERT President i - NN'. ICTOKY This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) UNITED S T A T E S O F A M E R IC A S E V E N -E IG H T H S P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E SS O F S E R IE S E -1 9 4 5 Dated and Bearing Interest from August 1, 1944 1944 Department Circular No. 746 Due August 1, 1945 TR EASURY DEPARTMENT, Office of the Secretary, Washington, July 20, 1944 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 E-1945, in exchange for Treasury Certificates of Indebtedness of Series D-1944, maturing August 1, 1944. II. DESCRIPTION OF CERTIFICATES 1. The certificates will be dated August 1, 1944, and will bear interest from that date at the rate of % percent per annum, payable semiannually on February 1 and August 1, 1945. They will mature August 1, 1945, 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 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. 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, 1944, or on later allotment, and may be made only in Treasury Certificates of Indebtedness of Series D-1944, maturing August 1, 1944, 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 communi cated promptly to the Federal Reserve banks. D. W. BELL, Acting Secretary of the Treasury EXCHANGE SUBSCRIPTION FOR * 7/8% United States Treasury Certificates of Indebtedness Series E-1945 Dated August 1, 1944 To: □ □ □ □ Federal Reserve Federal Reserve Federal Reserve Federal Reserve Due August 1, 1945 For Use of Federal Reserve Bank Bank, Dallas 13, Texas Bank Branch, El Paso, Texas Bank Branch, Houston 1, Texas Bank Branch, San Antonio 6, Texas Number..... ..................... Amount $........................ Pursuant to the provisions of Treasury Department Circular No. 746, dated July 20, 1944, the undersigned hereby subscribes for $___ .____ _____________ ___ , United States Treasury % % Certificates of Indebtedness, Series E-1945, dated August 1, 1944, maturing August 1, 1945, and tenders the following securities in payment: By tender of % percent Certificates of Indebtedness of Series D-1944, maturing August 1, 1944, with all coupons detached...... .................................................................................$_................................ (Serial numbers of certificates tendered should be listed on the reverse side and should accompany this applica tion.) If maturing certificates are not tendered with this subscription, please attach a letter giving complete informa tion regarding their location and approximate date of surrender. SCHEDULE FOR ISSUE OF CERTIFICATES INSTRUCTIONS FOR DELIVERY OF CERTIFICATES f*!« □ □ P Issued in Coupon Form Only. Fill in Number By Denomination 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 DO NOT USE THIS COLUMN At of Pieces Amount $1,000 Ship to----------------------------------------------------------------------- $5,000 □ $10,000 $100,000 $1,000,000 Certificates of Indebtedness to be transferred by wire to (State whether free delivery or against funds) TOTAL $ *Securities to be held in custody or pledged to secure W ar Loan Deposits for the account of a bank located in the territory served by our Houston or San Antonio branch will be delivered to the branch to which the bank is attached unless otherwise notified. TO SUBSCRIBER: Please indicate whether this is: Original subscription □ (Name of Subscriber) Confirmation of a telegram dated. Confirmation of a letter dated------ By. Confirmation of a telephone call dated. (President-Cashier) (Address) Dated. , 1944. (Over) LIST OF SUBSCRIBERS NAM E OF SUBSCRIBER AM OUNT ADDRESS TOTAL $ SERIAL NUMBERS OF TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES D-1944 SURRENDERED AH coupons should be detached from the surrendered certificates.
@FedFRASER