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FE D E R AL R E SE R V E B A N K O F D A L L A S FISCAL AGENT OF THE UNITED STATES Dallas, Texas, August 23, 1944. EXCHANGE OFFERINGS To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There are reproduced herewith the following Treasury Department Circulars dated August 24, 1944: Circular No. 748 in which the Secretary of the Treasury offers %% Treasury Certificates of Indebtedness of Series F-1945, on an exchange basis, par for par, to holders of Treasury Certificates of Indebtedness of Series E-1944, maturing September 1, 1944. The certificates will be dated September 1, 1944, and will bear interest from that date, pay able semiannually on March 1 and September 1, 1945, and will not be subject to call for redemption prior to maturity. The certificates will be in bearer form with interest coupons attached, and will be issued in denominations of $1,000, $5,000, $10,000, $100,000, and $1,000,000. Circular No. 749 in which the Secretary of the Treasury offers 1% Treasury Notes of Series A-1946, on an exchange basis, par for par, to holders of Treasury Notes of Series C-1944 or Treasury Notes of Series D-1944, both of which mature September 15, 1944. The notes offered will be an addition to and will form a part of the series of 1 % Treasury Notes of Series A-1946 issued pursuant to Department Circular No. 671 dated October 23, 1941. They will be dated November 1, 1941, with interest from September 15, 1944, payable on March 15 and September 15, and will be issued in denominations of $100, $500, $1,000, $5,000, $10,000, $100,000, and $1,000,000. The books for the receipt of subscriptions to these offerings will be opened on Thursday morning, August 24, 1944, and will remain open until further notice. All subscriptions will be allotted in full. No cash subscrip tions may be accepted. 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 and notes. Additional forms will be forwarded to you 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) UNITED S T A T E S O F AM ERIC A SE V E N -E IG H T H S P E R C E N T T R E A SU R Y C E R TIFIC A TE S O F IN D E B TE D N E SS O F SE R IE S F -3 9 4 5 Dated and bearing interest from September 1, 1944 Due September 1, 1945 1944 Department Circular No. 748 TREASURY DEPARTMENT, Office of the Secretary, Washington, August 24, 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 certificates of indebtedness of the United States, designated % percent Treasury Certificates of Indebtedness of Series F-1945, in exchange for Treasury Certificates of Indebtedness of Series E-1944, maturing September 1,1944. II. DESCRIPTION OF CERTIFICATES 1. The certificates will be dated September 1, 1944, and will bear interest from that date at the rate of * 7 5 /s percent per annum, payable semiannually on March 1 and September 1, 1945. They will mature September 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 here after 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 Treas ury 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 lbss 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. paym ent 1. Payment at par for certificates allotted hereunder must be made on or before September X, 1944, or on later allotment, and may be made only in Treasury Certificates of Indebtedness of Series E-1944, maturing September.T,. 1944; which will be accepted at par, and shpuld accompany the sub scription. ■ .... Q]_j 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 districts, to issue allot ment notices, to receive payment for Gertificates: allotted, to make delivery of certificates on full-paid subscriptions allotted, and they m ay issue interim receipts pending delivery of the definitive eers ■., :..vT.-. 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. ", HENRY MORGENTHAU, JR., Secretary of the Treasury. UNITED S T A T E S O F AM ERICA O N E P E R C E N T T R E A S U R Y N O T E S O F SE R IE S A -1 9 4 6 Dated November 1, 1941, with interest from September 15, 1944 Due March 15, 1946 Interest payable March 15 and September 15 ADDITIONAL ISSUE 1944 Department Circular No. 749 TREASURY DEPARTMENT, Office of the Secretary, Washington, August 24, 1944. Fiscal Service Bureau of the Public Debt 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 1 percent Treasury Notes of Series A-1946, in exchange for Treasury Notes of Series C-1944, or Treasury Notes of Series D-1944, which mature September 15, 1944. The amount of the offering under this circular will be limited to the amount of such maturing notes tendered and accepted. II. DESCRIPTION OF NOTES 1. The notes now offered will be an addition to and will form a part of the series of 1 percent Treasury Notes of Series A-1946 issued pursuant to Department Circular No. 671, dated October 23, 1941; will be freely interchangeable therewith; and (with the exception that interest on the notes issued under this circular will accrue from September 15, 1944) are identical in all respects there with, and, except that the $1,000,000 denomination will be provided, are described in the following quotation from Department Circular No. 671: “ 1. The notes will be dated November 1, 1941, and will bear interest from that date at the rate of 1 percent per annum, payable on a semiannual basis on March 15 and September 15 in each year until the principal amount becomes payable. They will mature March 15, 1946, and will not be subject to call for redemption prior to maturity. “ 2. The income derived from the notes shall be subject to all Federal taxes, now or here after imposed. 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. “ 3. The notes will be accepted at par during such time and under such rules and regula tions as shall be prescribed or approved by the Secretary of the Treasury in payment of income and profits taxes payable at the maturity of the notes. “ 4. The notes will be acceptable to secure deposits of public moneys, but will not bear the circulation privilege. “ 5. Bearer notes with interest coupons attached will be issued in denominations of $100, $500, $1,000, $5,000, $10,000 and $100,000. The notes will not be issued in registered form. “ 6. 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 Treas ury 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 notes applied for, and to close the books as to any or all sub scriptions 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 notes allotted hereunder must be made on or before September 15, 1944, or on later allotment, and may be made only in Treasury Notes of Series C-1944, or in Treasury Notes of Series D-1944, ihaturing September 15, 1944, which will be accepted at par, and should accom pany 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 districts, to issue allot ment notices, to receive payment for notes allotted, to make delivery of notes on full-paid subscrip tions 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 supple mental or amendatory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve Banks. HENRY MORGENTHAU, JR., Secretary of the Treasury. EXCHANGE SUBSCRIPTION FOR 1% United States Treasury Notes Series A-1946 Additional Issue Dated November 1,1941, with interest from September 15,1944 For Use of Federal Reserve Bank To: □ □ □ □ Due March 15,1946 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 Number________________ Amount $--------------------- Pursuant to the provisions of Treasury Department Circular No. 749, dated August 24, 1944, the under signed hereby subscribes for $_____________________ , 1% United States Treasury Notes, Series A-1946, addi tional issue, dated November 1, 1941, with interest from September 15, 1944, maturing March 15, 1946, and ten ders the following securities in payment: By tender of 1% Treasury Notes, Series C-1944, maturing September 15, 1944, with all coupons detached.... ..... By tender of % % Treasury Notes, Series D-1944, maturing September 15, 1944, with all coupons detached___________ TOTAL Serial numbers of notes tendered should be listed on the reverse side and should accompany this application.) If maturing notes are not tendered with this subscription, please attach a letter giving complete information regarding their location and approximate date of surrender. SCHEDULE FOR ISSUE OF NOTES INSTRUCTIONS FOR DELIVERY OF NOTES Issued in Coupon Form Only. Fill in Number of Pieces by Denomination □ Hold in Custody Account (Allotted to banks for own account only) □ Pledge to secure War Loan Deposits (Allotted to qualified banks for own account only) □ Ship to. Number of Pieces DO NOT USE THIS COLUMN At $100 $500 $1,000 | $5,000 □ $10,000 Notes to be transferred by wire to._ $100,000 $1,000,000 ( State whether free delivery or against funds) TOTAL $ _ - -.... . . TO SUBSCRIBER: Please indicate whether this is: Original subscription □ (Name of Subscriber) Confirmation of a telegram datecL Confirmation of a letter dated----- y Ry Confirmation of a telephone call dated- Dated (President-Cashier) (Address) ., 1944. (Over) Amount LIST OF SUBSCRIBERS NAM E OF SUBSCRIBER ADDRESS AM OUNT TOTAL $ SERIAL NUMBERS OF TREASURY NOTES OF SERIES C-1944 SURRENDERED All coupons should be detached from the surrendered notes. 100’s 1,000’s 5,000’s 10,000’s 100,000’s 500’s SERIAL NUMBERS OF TREASURY NOTES OF SERIES D-1944 SURRENDERED All coupons should be detached from the surrendered notes. 100’s 500’s 1,000’s 5,000’s 10,000’s 100,000’s EXCHANGE SUBSCRIPTION FOR 7 /8 % United States Treasury Certificates of Indebtedness Series F-1945 Dated September 1,1944 To: □ □ □ □ Due September 1,1945 For Use of Federal Reserve Bank 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 Number....... Amount $.... Pursuant to the provisions of Treasury Department Circular No. 748, dated August 24, 1944, the under signed hereby subscribes for $ ____ _____________ , United States Treasury % % Certificates of Indebtedness, Series F-1945, dated September 1, 1944, maturing September 1, 1945, and tenders the following securities in payment: By tender of % percent Certificates of Indebtedness of Series E-1944, maturing September 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. r i SCHEDULE FOR ISSUE OF CERTIFICATES INSTRUCTIONS FOR DELIVERY OF CERTIFICATES □ □ □ □ Issued in Coupon Form Only. Fill in Number of Pieces 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 $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 $ TO SUBSCRIBER: Please indicate whether this is: Original subscription □ (Name of Subscriber) Confirmation of a telegram dated______ Confirmation of a letter dated_________ By. (President-Cashier ) Confirmation of a telephone call dated (Address) Dated.-------------------------------------------- ....................... [ ........... , 1944. (Over) Amount j j : | [ | LIST OF SUBSCRIBERS NAM E OF SUBSCRIBER AM OUNT ADDRESS TOTAL $ SERIAL NUMBERS OF TREASURY CERTIFICATES O F INDEBTEDNESS OF SERIES E-1944 SURRENDERED All coupons should be detached from the surrendered certificates. 1,000’s 5,000’s 10,000’s 100,000’s 1,000,000’s
@FedFRASER