The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF DALLAS F I S 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, August 6,1941 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: There is enclosed a copy of Treasury Department Circular No. 666, dated July 21, 1941, which contains regulations and instructions regarding the payment and. redemption of bonds and other transferable securities of the United States at maturity, or prior to maturity, pursuant to a call for redemption. The provisions of the circular also apply to securities issued by whollyowned corporations and other agencies of the Government for which the Treasury Department acts as transfer agency, as well as to securities of the general governments and various municipal governments of Puerto Rico and the Philippine Islands. The provisions of the circular do not apply to United States Savings Bonds and Adjusted Service Bonds. 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) PAYMENT OR REDEMPTION OF BONDS AND OTHER TRANSFERABLE SECURITIES OF THE UNITED STATES AT MATURITY, OR BEFORE MATURITY PURSUANT TO A CALL FOR REDEMPTION IN ACCORDANCE WITH THEIR TERMS IMPORTANT NOTE.— The provisions o f this circular are of general application, and will specifically apply only with respect to any transferable public debt securities o f the United States that may mature in regular course, or that may be included in an official call for redemption before maturity in accordance with their terms. TREASURY DEPARTMENT, Office of the Secretary, Departm ent Circular N o. 666 — Washington, July 21,1941. B u r e a / o f ‘ t h e ' P ublic Debt 307.0 Scope of regulations. The following rules and regulations are hereby prescribed to govern the payment or redemption of transferable securities of the United States, as hereinafter defined. Any provisions of Department Cir cular No. 300, dated July 31,1923, as supplemented and amended (31 CFR 306), in conflict with the pro visions of these regulations are hereby superseded.* Subpart 307.1 a. G eneral Provisions Definitions. (a) Securities.— The term “ securities” shall include all bonds, notes, certificates of indebtedness, and Treasury bills of the United States, and similar instruments heretofore or hereafter issued by the Secretary of the Treasury as evidence of the public debt of the United States, and include those bearing interest and those issued on a discount basis. The word “ transferable” shall apply only to securities which are transferable by delivery, or by assignment and delivery, as distinguished from those which by their terms are not transferable, or are transferable only by operation of law, such as United States Sav ings Bonds *1 and Adjusted Service Bonds,2 which are not subject to the provisions of these regulations. The word “ securities” will hereinafter be used to refer to transferable securities as defined above, unless otherwise indicated by the context. (b) Payment.— As ordinarily used by the Treasury Department, the term “ payment” refers to the payment of securities at maturity, while the term “ redemption” refers to payment before maturity pur suant to a call for redemption in accordance with the terms of the securities. For the purposes of these regulations, however, the terms are interchangeable, and the term “ redemption” may refer to the dis charge of a security by payment either at maturity, or before maturity pursuant to a call for redemption.* 307.2 Other securities affected. These regulations so far as appropriate also apply to securities of the general governments and vari ous municipal governments of Puerto Rico and the Philippine Islands, and to those securities issued by wholly-owned corporations and other agencies of the Government for which the Treasury Department acts as transfer agency.* 307.3 Payment or redemption. Securities become due for payment at their maturity date, or at such earlier date as they may be called for redemption in accordance with their terms, and the owner thereof, on presentation and surren der of the securities on and after any such date in.accordance with the provisions of these regulations, is entitled to receive payment of the principal amount, as hereinafter provided, except as otherwise provided by law or regulations prescribed pursuant to law.* * Secs. 307.0 1506, Sec. 14 (a) Secs. 2 and 3, 49 Sec. (a ) (3 ), 48 to 307.22. inclusive, issued under the authority contained in : R. S. 161 ; 5 (1 ), 48 Stat. 343, Sec. 1, 49 Stat. 20, Sec. 1, 52 Stat. 447 ; 3 1 U. S. C. 752. Stat. 2 0 ; 31 U . S. C. 754 and Supp. V , 754 (a ). Sec. 10. 3 6 Stat. 817; 39 Stat. 343, Sec. 4, 49 Stat. 2 0 ; 31 U . S. C. 753 (a ) and Supp. Y , 753 ( a ) . U. S. C. 22. Sec. 1, 40 Stat. 502, Sec. 1, 40 Stat. 844, 46 Stat. Sec. 5 (a ) Second L iberty Bond A ct as added by 4G Stat. 19, U. S. C. 760. Sec. 1, 40 Stat. 1309, Sec. 1401, 42 Stat. 321, Sec. 14 (a ) ( 4 ) , 48 Stat. 343 ; 31 U. S. C. 754 ( a ) . 1 Redem ption o f U nited States Savings Bonds is governed by D epartm ent Circular N o. 530, Fourth Revision, as amended (31 C F R 315). 2 Redem ption o f 3 percent A djusted Service Bonds o f 1945 is governed b y Departm ent Circular N o. 560, Revised, as amended (31 CFR 313). (i) 16— 22602 2 307.4 Interest. Bonds, and other interest-bearing securities will cease to bear interest on the date of their maturity, unless they have been called for redemption before their maturity in accordance with their terms, in which case they will cease to bear interest on the date fixed for redemption in the call. No interest can accrue after a security has become due and payable, whether at maturity or by virtue of a call for redemption before maturity.* Subpart B.— Bearer Securities 307.5 Presentation and surrender; payment. Coupon bonds, notes, certificates of indebtedness, Treasury bills, and other bearer securities which have become due and payable, whether at maturity or by virtue of a call for redemption before maturity, are payable in due course to the person presenting and surrendering them for redemption, or to such per son as he may designate. Such securities should be presented and surrendered, at the risk and expense of the owner, to any Federal Reserve Bank or Branch thereof, or to the Treasurer of the United States, Washington, D. C., accompanied by appropriate written advice. (See Form PD 1704 attached hereto.) All interest coupons due and payable on or before the date of maturity or date fixed in the call for earlier redemption, as the case may be, should be detached from the securities and collected in regular course. All coupons bearing dates subsequent to a redemption date should be left attached to the securities. Pay ment of the principal will be made by check drawn to the order of the person presenting and surrendering the securities and, in the absence of other instructions, mailed to him at his address, as given in the accompanying advice. Upon appropriate instructions, the check will be drawm to the order of any other person, and mailed to any other address. A Federal Reserve Bank, upon appropriate request, may make payment to a member bank from which bearer securities are received by crediting the amount in the member bank’s account. The Secretary of the Treasury may require satisfactory proof of ownership o f any bearer security, or any registered security assigned in blank, or otherwise so as to become, in effect, payable to bearer, which is presented and surrendered for redemption after the lapse of more than a reasonable period of time from the date on which it became due and payable, whether at maturity or earlier redemption date. In any case in which proof of ownership may be required the Secretary of the Treasury, in his discretion, may also require a bond of indemnity or such other security as he may deem necessary.* 307.6 Missing coupons. If any coupons bearing dates subsequent to the redemption date of the securities are missing from bearer securities presented for redemption, the securities nevertheless will be redeemed, but the full face amount of any such missing coupons will be deducted from the payment to be made on account of such redemption, and any amounts so deducted will be held in the Treasury to provide for adjustments or refunds on account of such missing coupons as may subsequently be presented: Provided, hoivever, That if it is proved to the satisfaction of the Secretary of the Treasury that any such missing coupons (bearing dates after the redemption date) have been in fact destroyed the amount of such destroyed coupons will not be deducted from the payment on account of redemption, but in any such case the Secretary of the Treasury may require a bond of indemnity or a guarantee by an incorporated bank or trust company.* Subpart C.—R egistered Securities 307.7 Presentation and surrender; payment. Registered securities which have become due and payable, whether at maturity or by virtue of a call for redemption before maturity, are payable in due course upon proper assignment by the registered payees or assignees thereof, or by their duly constituted representatives as hereinafter provided. After such assignment, the securities should be presented and surrendered, at the risk and expense of the owner, to any Federal Reserve Bank or Branch, or to the Treasury Department, Division of Loans and Currency, Washington, D. C., accompanied by appropriate written advice. (See Form PD 1705 attached hereto.) In all cases payment will be made by check drawn to the order of the person entitled, and, unless other1G—22GQ2 * For statutory citations, see note to See. 307.0. 8 wise directed, the check will be mailed to the address given in the form of advice accompanying the securities surrendered. The transfer books for registered securities will close at the close of business one month prior to the date of maturity of such securities, or the date fixed in the call for redemption before maturity in accordance with their terms, and such securities when received after the close of the transfer books will be accepted for cash redemption only. Final interest due will be covered by payments to be made simultaneously with the payments on account of principal, in accordance with the assignments on the securities surrendered, irrespective of the dates of such assignments: Provided, hoivever, That in the case of a partial call of an outstanding series for redemption before maturity, final interest will be paid with principal only with respect to those securities included in the last portion called or which mature according to their terms.* 307.8 Assignments in general. A registered security presented for redemption must be duly assigned by or in behalf of the regis tered payee, and, if assigned to a specified person, it should be reassigned by such assignee and any subse quent assignees. Except as otherwise provided herein, all assignments must conform with the general regulations of the Treasury Department governing assignments as set forth in Department Circular No. 300, as supplemented and amended. (31 CFR 306.)* 307.9 Witnessing officers. In addition to the officers generally authorized to witness assignments of registered securities (including the executive officers of banks and trust companies (and their branches) incorporated under Federal, State, or Territorial laws), assignments of registered securities by registered payees or assignees thereof for redemption for their own account may be witnessed by any of the following officers: (1) United States or Canal Zone postmasters or acting postmasters; (2) assistant postmasters, postal cash iers, and money-order cashiers at United States post offices designated to receive Postal Savings deposits ; and (3) notaries public in the United States, its organized territories, or Puerto Rico; provided that the certificates of acknowledgment of any post-office official must bear a legible imprint of his office stamp, and that of a notary public must bear a legible impression of his official seal and should show the date on which his commission will expire.* 307.10 Form of assignment. If payment is to be made to the registered payee, or to an assignee holding under proper assignment from the registered payee, the securities should be assigned by such payee or assignee, or by a duly constituted representative, to “ The Secretary of the Treasury for redemption.” 3 If it is desired, for any reason, that payment be made to some other person, without intermediate assignment, the securities should be assigned to “ The Secretary of the Treasury for redemption for the account o f ---------------------_____________________ ” (inserting the name and address of the person to whom payment is to be made), but assignments in this form must be completed before acknowledgment, and not left in blank. A repre sentative or fiduciary may not assign for payment to himself individually, unless expressly authorized to do so by court order or by the instrument under which he is acting, but he may assign for payment to himself in his representative or fiduciary capacity. An assignment by a representative or fiduciary to “ The Secretary of the Treasury for redemption” will be deemed to be an assignment for redemption for his account in his representative or fiduciary capacity.* 307.11 Assignments in blank. Assignments in blank, or other assignments having similar effect, will be recognized in appropriate cases, but securities bearing such assignments will be paid to the person surrendering the securities or to such person as he may designate, since under such assignment the securities become in effect payable to bearer. Assignments in blank or other assignments having s im ila r effect should be avoided, if possible, in order not to lose the protection afforded by registration.*8 * For statutory citations, sec note to Sec. 307.0. 8 In the case o f securities other than United States securities, the name o f the issuing agency, o r the name o f the p rop er officer thereof, should be substituted fo r the words, “ The Secretary o f the Treasury” in assignm ents fo r redem ption, as, fo r exam ple, “ The Federal F arm M ortgage C orporation” , “ The Twelve Federal Land Banks” , or “ The Treasurer o f Puerto R ico” . 16— 22602 4 307.12 Detached assignments. Unless otherwise directed by the Treasury Department or a Federal Reserve Bank in any particular case, all assignments should be made on the securities themselves. If the form or forms on the back of a security have been used or spoiled, and an additional assignment is necessary, a similar form may be written or typed in any convenient space on the back of the security, or such form will be stamped thereon by the Treasury Department or any Federal Reserve Bank, upon presentation for that purpose. If a detached assignment is authorized in any particular case, an appropriate form will be supplied by the Treasury Department or a Federal Reserve Bank.** 307.13 Assignments by corporations, associations, etc. A security registered in the name of, or assigned to, a corporation or unincorporated association will ordinarily be redeemed for the account of such corporation or unincorporated association upon an appro priate assignment for that purpose executed on behalf of the corporation or unincorporated association by a duly authorized officer thereof, without proof of the officer’s authority. In all such cases the assign ment should be to “ The Secretary of the Treasury for redemption,” and payment will be made only by check drawn to the order of the corporation or unincorporated association. If redemption for any other account is desired, the assignment should be for redemption for account of the person or corporation desired and must be supported by appropriate resolution or other authority.* 307.14 Coowners. A security registered in the names of two or more persons in their own right in any authorized form of registration will be redeemed without assignment by or in behalf of all the coowners, under the follow ing circumstances and conditions: (а) I f the security is registered in the alternative, as, fo r example, “ John Smith or Mrs. Mary Smith,” “ John Smith or Mrs. Mary Smith or the survivor,” or “ John Smith and Mrs. Mary Smith, or either or them,” it may be assigned by any one of the coowners for redemption for the account of any person or persons desired, and payment will be made accordingly, irrespective of whether or not the Treasury Department has received notice of the death of any coowner who did not join in the assignment, and irrespective o f whether or not the form o f registration is one in which the right of survivorship is recognized. In any case coming under the provisions o f this subsection an assignment to “ The Secretary of the Treasury for redemption” will be deemed to be an assignment for redemption for the account o f the coowmer or coowners executing the assignment. (б) I f the security is registered jointly, that is, if the names of the coowners are not connected by the word “ or,” or are not followed by the words “ or either o f them,” or words to that effect, as, fo r example, “ John Smith and Mrs. Mary Smith,” “ John Smith, William Smith, and Mrs. Mary Smith, or the survivors or survivor,” or “ John Smith and Mary Smith as tenants in common,” it may, in the absence of notice of the death o f any one of the coowners, be assigned by any one or more of them for redemption fo r the account o f all, and payment will be made accordingly, by check drawn substantially as the security is inscribed. In any case coming under the provisions o f this subsection an assignment to “ The Secretary of the Treasury fo r redemption” will be deemed to be an assignment for redemption fo r the account of all the coowners. (c) If the security is registered in any form of registration in which the right o f survivorship is recognized, as, fo r example, “ John Smith and Mrs. Mary Smith,” or “ John Smith and Mrs. Mary Smith or the survivor,” and one of the co owners is deceased, it wall be redeemed upon assignments by the survivor or survivors fo r the account of any person or persons desired. The assignment must be supported by satisfactory proof o f death and survivorship. In any case coming under the provisions of this subsection an assignment to “ The Secretary o f the Treasury for redemption” will be deemed to be an assignment fo r redemption fo r the account o f the surviving coowner or coowners. In all other cases assignments for redemption must be executed by or on behalf of all the coowners.* 307.15 Minors. (a) A security registered in the name of a guardian, curator, or other duly appointed or qualifie representive for a minor, or in the name of a minor for whom such representative has been duly appointed or is otherwise duly qualified, must be assigned by such representative, proof of whose appointment, qual ification and incumbency must be furnished. Such proof may consist of a certificate under seal from the court in which the appointment is made, dated not more than six months prior to the date of the assign ment and containing a statement that at the date of certification the appointment is still in full force and effect. “ 16—22602 * F or statutory citations, see note to Sec. 807.0. 5 ( b) A security registered in the name of a natural guardian for a minor must be assigned by such natural guardian in the same manner as the security is inscribed unless the minor has attained his major ity, in which case proof of that fact must be submitted and the assignment made by the minor himself. (c) A security registered in the name of a minor for whose estate no representative has been appointed by a court of competent jurisdiction or is otherwise duly qualified, or a security registered in the name of a minor followed by that of his natural guardian, will be redeemed without assignment by a guardian or other duly constituted representative under the following circumstances and conditions: (1) I f the minor’s total holdings o f registered securities of the issue to be redeemed do not exceed $250, the security will be redeemed upon assignment by the minor himself if he is o f sufficient competency and understanding to sign his name to the assignment and comprehend the nature o f the instrument; provided that, where the security is registered in the name of a minor followed by that o f his natural guardian, such natural guardian must join in the assignment, if living and competent; provided further that, i f the minor is not of sufficient competency and understanding to sign his name to the assignment and comprehend the nature o f the instrument and the Treasury Department is furnished with satisfac tory proof of that fact and of the identity of his natural guardian, the security may be redeemed upon assignment by his natural guardian alone. I f the assignment is executed by the minor himself, the certificate o f acknowledgment by the witnessing officer will be taken to be sufficient proof o f the minor’s competency and understanding. Appropriate forms fo r execution by the natural guardian and the witnessing officer fo r the purpose of establishing the necessary facts in connec tion with an assignment by the natural guardian alone will be furnished on request. In all cases arising under this paragraph, the assignment should be in favor o f “ The Secretary of the Treasury for redemption,” and payment will be made by check drawn to the order of the minor registered owner. If the assignment is executed by the natural guardian alone, the name o f the minor will be followed by the words, “ under natural guardianship of ___ (inserting the name of the natural guardian). ” (2) I f it is established to the satisfaction of the Secretary of the Treasury that the entire personal estate o f the minor does not exceed $500 in value and that the proceeds o f the security are necessary and are to be used for the support or education o f the minor, the security may be redeemed upon assignment in the name o f the minor by his natural guardian fo r the account o f any person or persons desired. In any case coming under the provisions o f this paragraph an assign ment to “ The Secretary o f the Treasury fo r redemption” will be deemed to be an assignment for redemption fo r the account o f the minor under natural guardianship o f his recognized natural guardian. Appropriate forms fo r the use of the natural guardian in making application fo r redemption and submitting evidence in support thereof will be furnished on request. (I f the minor’s total holdings o f registered securities o f the issue to be redeemed do not exceed $250, the security may be redeemed in accordance with the provisions o f paragraph (.1) above, without complying with the require ments o f this paragraph.) (3) I f the minor’s total holdings of registered securities presented for redemption exceed $250, but do not exceed $2,500, and the proceeds are not necessary for his support or education, redemption will be made fo r the purpose o f having the pro ceeds reinvested in other United States transferable securities, or securities guaranteed as to both principal and interest by the United States, in an equal face amount, to be registered in the name of the minor in a form of registration showing also the name of his natural guardian; provided, that in the event the proceeds of redemption o f the matured securities, together with accrued interest thereon, if any, are insufficient to purchase an equal face amount of other securities, there will be collected from the natural guardian any additional am ount which may be necessary fo r the purchase o f the securities designated in the application, or if the proceeds, including the final installment of interest and any uncollected interest on the securities presented fo r redemption, are sufficient to purchase additional securities in any authorized denomina tions, such purchase will be required. In either case the securities must be assigned by the natural guardian supported by an application on Form PD 1365, and the minor should join in the assignment and application if he is of sufficient compe tency and understanding to comprehend the nature o f the transaction, in which case the certificate o f acknowledgment by the witnessing officer will be accepted as proof of the minor’s competency and understanding; otherwise the Treasury Department will require satisfactory proof that the minor was not o f sufficient competency and understanding fo r such purpose. The application on Form PD 1365 should be submitted with the securities to be redeemed through the Federal Reserve Bank of the district in which the minor resides, which bank will effectuate the redemption of the matured securities and the purchase of new ones. (4) In all other cases appointment o f a representative by a court o f competent jurisdiction will be required.* 307.16 Incompetents. A security registered in the name of a person who is under any legal disability other than minority, and for whose estate a guardian, conservator or other representative has been appointed by a court of competent jurisdiction, or a security registered in the name of such representative, must be assigned by the representative, proof of whose appointment and qualification must be furnished unless such repre sentative is named in the registration of the bond. If a security is registered in the name of an incom* For statutory citations, see note to Sec. 307.0. 1G— 22302 6 petent for whose estate no representative has been appointed or is otherwise legally qualified, redemption may, in the discretion of the Secretary of the Treasury, be made upon assignment by a person standing in the position of voluntary guardian for the purpose of having the proceeds invested in other transferable United States securities, or securities guaranteed both as to principal and interest by the United States in an equal face amount to be registered in the name of the person under disability: Provided, however, That redemption upon request of a voluntary guardian will not be made if the incompetent’s total hold ings of the issue to be redeemed exceed $2,500, in which case a legal representative will be required. Appropriate forms for use in making application for redemption under these circumstances and condi tions will be furnished upon request.* 307.17 Joint fiduciaries. A security registered in the names of, or assignable by, two or more persons acting as joint fidu ciaries, such as administrators, executors, trustees, or guardians, may be assigned by any one or more o f the joint fiduciaries for redemption for the account of all, without the remainder joining in the assign ment. The assignment should be to “ The Secretary of the Treasury for redemption,” and payment will be made through a check drawn to the order of all the fiduciaries as such ( substituting the names o f fiduciaries who are now acting for the names of any fiduciaries who are no longer acting), followed by appropriate reference to the trust instrument or estate. If redemption is to be made for the account of any other person, the assignment should be for redemption for the account of such person and must be executed by all the fiduciaries then acting. Proof of the appointment and qualification of the fiduciaries will be required except in the case of securities registered in the names of those fiduciaries who execute the assignment.* Subpart D.—M iscellaneous 307.18 Transportation of securities. Securities presented for payment or redemption under these regulations must be delivered to a Federal Reserve Bank or Branch, or to the Treasury Department, Washington, D. C., at the expense and risk of the holder. Bearer securities and registered securities bearing assignments in blank, or other assignments having similar effect, should be forwarded by registered mail insured, or by express prepaid. Facilities for transportation of securities by registered mail insured may be arranged between incorporated banks and trust companies and the Federal Reserve Banks, and holders may take advan tage of such arrangements when available, utilizing such incorporated banks and trust companies as their agents. Incorporated banks and trust companies are not agents of the United States under these regulations. Registered securities bearing assignments to “ The Secretary of the Treasury for redemp tion” or to “ The Secretary of the Treasury for redemption for the account o f -----------------------------------” (the name and address of the person to whom payment is to be made being inserted), may be forwarded by registered mail uninsured.* 307.19 Time and place of presentation. In order to facilitate the redemption of securities when due, they should be presented and surren dered in the manner herein prescribed well in advance of (but not exceeding 30 days prior to) the date they will become due and payable. This is particularly important with respect to registered securities, payment of which cannot be made until registration shall have been discharged at the Treasury Depart ment. Redemption will be expedited if the securities are presented to Federal Reserve Banks or Branches, and not direct to the Treasury Department. Banking institutions generally will assist holders in securing the redemption of their securities when due.* 307.20 Optional exchange offering. If and when other interest-bearing securities are offered, on an optional exchange basis, to the hold ers of securities which may become due and payable either at maturity or before maturity by virtue o f a call for redemption, owners of such securities desiring to take advantage of the offering should act 16— 22602 * For statutory citations, see note to Sec, 307.Q, 7 promptly and should follow the instructions then given rather than the instructions in these regulations, which apply only to securities presented for payment or redemption, and not to those presented for exchange.* 307.21 Bond of indemnity. In any case arising under the provisions of these regulations the Secretary of the Treasury may require a bond of indemnity, if he considers such a bond of indemnity necessary for the protection of the United States. Such bond of indemnity shall be in such form and amount and with such surety, sureties, or security as the Secretary of the Treasury shall require.* 307.22 Reservations. The Secretary of the Treasury reserves the right at any time, or from time to time, to amend, supple ment, revise, or withdraw any or all of the provisions of these regulations.* H E N R Y M O R G E N T H A U , JR., S ecretary o f th e Treasury. * F o r statutory citations, see note to Sec. 307.0. (Filed with the Division of the Federal Register, July 28, 1941) 16— 2 2 6 0 2 8 for Coupon Securities (For registered securities use Form PD 1705) F o rm PD 1 7 0 4 F orm of A dvice to A ccompany Securities in Coupon F orm P resented for R edemption. To the F ederal R eserve B an k o f ____ _______________ ______ or Treasurer of the U nited States, Washington, D. C.: Pursuant to the provisions of Treasury Department Circular No. 666, dated July 21, 1941, the undersigned presents and surrenders herewith fo r redemption o n ___ _______________ ___ ____ ______________ , $_______ ___ ___________, face amount of (Insert title o f loan) in coupon form, with coupon d a te d ________________________ ______, and all subsequent coupons, if any, attached, as follow s: Denom ination Num ber o f securities Face am ount Serial numbers o f securities $50 $.......... .................. ........... 100 500 1,000 5,000 10,000 100,000 T o t a l _______ _______________________ _____ _________ ____________ ___________________________________________________ $------------------------------------- and requests that remittance covering payment therefor be forwarded to the undersigned at the address indicated below. Signature ____ N a m e ________ (Please p rint) Address in full Date TREASURY DEPARTMENT B ureau of th e For Registered Securities P ublic Debt (For coupon securities use Form PD 1704) F o r m PI> 1 7 0 5 F orm of A dvice to A ccompany Securities in R egistered F orm P resented for Redemption. To the F ederal R eserve B an k of ___________________ ________ or T reasury Department, Division of L oans and Currency , Washington, D. C.: Pursuant to the provisions of Treasury Department Circular No. 666, dated July 21, 1941, the undersigned presents and surrenders herewith fo r redemption on .................... ...................................................... , $.................. ...... .............. , face amount of (Insert title o f loan) in registered form , inscribed in the name of and duly assigned for redemption, as follows: Denomination N um ber o f securities Face amount Serial numbers o f securities $50 100 $________________________ 500 1,000 5,000 10,000 50,000 100,000 T o t a l ............... ............................... . ___ ________ ______________ ____ __________ ______ _____ $------- ---------------- ----- ------- and requests that remittance covering payment o f principal and final interest be forwarded to the undersigned at the address indicated below. Signature N a m e............... . Address in full Date U . S. GOVERNMENT P R IN TIN G O F F IC E 1 0 -----2 2 0 0 2 (Please p rint)
@FedFRASER