The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 1414 "1 . September 10, 1934 J Offering of United States of America Treasury Notes 114 Per Cent Series D-1936 Due September 15, 1936 Dated and bearing interest from September 15, 1934 Interest payable March 15 and September 15 Offered only in exchange for Treasury certificates of indebtedness of Series TS-1934 Offering of United States of America Treasury Notes V£ Per cent Series D-1938 Due September 15, 1938 Dated and bearing interest from September 15, 1934 Interest payable March 15 and September 15 Offered only in exchange for second-called Fourth Liberty Loan Bonds Offering of United States of America 3^/4, Per Cent Treasury Bonds of 1944-46 Additional Issue Dated and bearing interest from April 16, 1934 Due April 15, 1946 Redeemable at the option of the United States at par and accrued interest on and after April 15, 1944 Offered only in exchange for second-called Fourth Liberty Loan Bonds To all Banks and Trust Companies in the Second Federal Reserve District and Others Concerned: Following is a statement made public today by the Treasury Department: Secretary of the Treasury Morgenthau is today offering for subscription through the Federal reserve banks two series of- Treasury notes and an issue of bonds in exchange for Treasury certificates of indebtedness of Series TS-1934 maturing September 15, 1934 and Fourth Liberty Loan 4% per cent bonds called for redemption October 15, 1934. The offering is entirely on an exchange basis. Cash subscriptions will not be received. Of the notes, one series, maturing in two years and bearing interest at the rate of one and one-half per cent per annum, is offered only in exchange for the certificates of indebtedness maturing September 15, which bear interest at the same rate. This is the only exchange offering open to the holders of these maturing certificates. The second series of notes, maturing in four years and bearing interest at the rate of two and one-half per cent per annum, is offered only in exchange for Fourth Liberty Loan bonds called for redemption October 15. An additional issue of 3% per cent Treasury bonds of 1944-46 is also offered in exchange for the called Fourth Liberties. Bonds of this additional issue are identical with and form part of the series first issued April 16, 1934. They will mature April 35, 1946, but are redeemable on and after April 15, 1944. Thus holders of the called Fourth Liberties will have the option of exchanging for a four year note bearing 2% per cent interest or a 10-12 year 3>y± per cent bond. In each case interest adjustments will be made so that all holders of called Fourth Liberties will receive interest on them in full to October 15, while on the securities obtained in exchange interest will accrue to them from September 15. No other exchange offering will be made for these called Fourth Liberties. The bonds eligible for exchange for the new securities are the Fourth Liberty Loan 4% per cent bonds of 1933-38 included in the second call for redemption, issued April 13, ] 934. They are those bearing serial numbers ending with the digit 2 or the digit 8, which in the case of permanent coupon bonds are preceded by the distinguishing letters B or H. Their total face amount is slightly less than $1,250,000,000. Interest on all these called bonds, whether they are exchanged or not, ceases on October 15, 1934. The amount of Treasury certificates of indebtedness of Series TS-1934, maturing September 15, is $524,748,500. Holders of the maturing certificates of indebtedness or the called bonds who desire to take advantage of the exchange offering should act promptly. A brief description of the three issues now offered for subscription follows: TREASURY NOTES, SERIES D-1936 Treasury notes of Series D-1936 are offered only in exchange for Treasury certificates of indebtedness of Series TS-1934, maturing September 15, 1934. The notes will be dated September 15, 1934, and will bear interest from that date at the rate of 1% per cent per annum, payable semiannually. They will mature September 15, 1936, and will not be subject to call for redemption prior to maturity. The amount of the offering is limited to the amount of the certificates maturing September 15, 1934, tendered and accepted. TREASURY NOTES, SERIES D-1938 Treasury notes of Series D-1938 are offered only in exchange for Fourth Liberty Loan 4% per cent bonds of 1933-38 called for redemption on October 15, 1934. The notes will be dated September 15, 1934, and will bear interest from that date at the rate of 2% per cent per annum. They will mature on September 15, 1938, and will not be subject to call for redemption prior to maturity. The amount of the offering is limited to the amount of such called Fourth Liberty Loan bonds tendered and accepted. Treasury notes of both series will be exempt, both as to principal and interest, from all taxation (except estate or inheritance taxes) now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority. The Treasury notes will be issued in bearer form only, in denominations of $100, $500, $1,000, $5,000, $10,000 and $100,000, and the additional denomination of $50 will be made available in notes of Series D-1938. TREASURY BONDS OF 194446 3% per cent Treasury bonds of 3944-46 are offered only in exchange for Fourth Liberty Loan 41/4 per cent bonds of 1933-38 called for redemption on October 15, 1934. The bonds will be an addition to and will form a part of the series of 3% per cent Treasury bonds of 1944-46, issued pursuant to Department Circular No. 508, dated April 4, 1934. They are identical in all respects with such bonds, with which they will be freely interchangeable. These bonds are dated April 16, 1934, and will bear interest at the rate of 3% per cent per annum payable on a semiannual basis. The coupon bonds will carry the semiannual coupon payable October 15. They will mature April 15, 1946, but are redeemable at the option of the United States on and after April 15, 1944. The amount of the additional offering of these bonds is limited to the amount of such called Fourth Liberty Loan bonds tendered and accepted. As more specifically stated in the official circular, the bonds will be exempt, both as to principal and interest, from all taxation except surtaxes, estate and inheritance taxes, and excess profits and war profits taxes. The interest on bonds of $5,000 principal amount under one ownership will be exempt from all taxation. Bearer bonds with interest coupons and bonds registered as to principal and interest will be issued in denominations of $50, $100, $500, $1,000, $5,000, $10,000 and $100,000. The subscription books for these offerings are now open and exchange subscriptions will be received by this bank as fiscal agent of the United States. The terms of the offerings are set forth in full in Treasury Department Circulars Nos. 522, 523 and 524, dated September 10, 1934, copies of which are printed on the following pages. GEORGE L. HARRISON, Governor. UNITED STATES OF AMERICA TREASURY NOTES iy2 Per Cent Series D-1936 Dated and bearing interest from September 15, 1934 Due September 15, 1936 Interest payable March 15 and September 15 OFFERED ONLY IN EXCHANGE FOR TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES TS-1934 1934 Department Circular No. 522 (Public Debt Service) TREASURY DEPARTMENT OFFICE OF THE SECRETARY. WASHINGTON, September 10, 1934. EXCHANGE OFFERING OF NOTES The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, approved September 24, 1917, as amended, offers for subscription, at par, one and one-half per cent notes of the United States, designated Treasury notes of Series D-1936, in payment of which only Treasury certificates of indebtedness of Series TS-1934, maturing September 15, 1934, may be tendered. The amount of the offering is limited to the amount of Treasury certificates of indebtedness of Series TS-1934 tendered and accepted. DESCRIPTION OF NOTES The notes will be dated September 15, 1934, and will bear interest from that date at the rate of one and one-half per cent per annum, payable semiannually on March 15 and September 15 in each year. They will mature September 15, 1936, and will not be subject to call for redemption prior to maturity. The notes shall be exempt, both as to principal and interest, from all taxation (except estate or inheritance taxes') now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority. The notes will be accepted at par during such time and under such rules and regulations 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. The notes will be acceptable to secure deposits of public moneys, but will not bear the circulation privilege. 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. APPLICATION AND ALLOTMENT Applications will be received at the Federal reserve banks and branches and at the Treasury Department, Washington. Banking institutions generally will handle applications for subscribers, but only the Federal reserve banks and the Treasury Department are authorized to act as official agencies. Subject to the reservations made in the next succeeding paragraph, all subscriptions will be allotted in full. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part, 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. Allotment notices will be sent out promptly upon allotment. TERMS OF PAYMENT Payment at par for any notes allotted under this circular must be made on or before September 15, 1934, or on later allotment, and may be made only in Treasury certificates of indebtedness of Series TS-1934, maturing September 15, 1934, which will be accepted at par,- and should accompany the subscription. GENERAL PROVISIONS 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. 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. HENRY MORGENTHAU, JR., Secretary of the Treasury. UNITED STATES OF AMERICA TREASURY NOTES 2y2 per cent Series D-1938 Dated and bearing interest from September 15, 1934 Due September 15, 1938 Interest payable March 15 and September 15 OFFERED ONLY IN EXCHANGE FOR SECOND-CALLED FOURTH LIBERTY LOAN BONDS 1934 Department Circular No. 523 (Public "o^TIervice) TREASURY DEPARTMENT, OFFICE OF THE SECRETARY, Washington, September 10, 1934. EXCHANGE OFFERING OF NOTES The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, approved September 24, 1917 as amended, offers for subscription, at par, two and one-half per cent notes of the United States, designated Treasury notes of Series D-1938, in payment of which only Fourth Liberty Loan 4*4 per cent bonds of 1933-38 included in the second call for redemption on October 15, 1934 (hereinafter referred to as second-called Fourth 4*4's),1 may be tendered. The amount of the offering is limited to the amount of second-called Fourth 4 ^ ' s tendered and accepted. Fourth Liberty Loan bonds not included in the second call for redemption on October 15, 1934, will not be accepted for exchange under this circular.2 In addition to the exchange offering under this circular, holders of second-called Fourth 41/4's are also offered the privilege of exchanging all or any part of such called bonds for 3 ^ per cent Treasury bonds of 1944-46, which offering is set forth in Department Circular No. 524, issued simultaneously with this circular. DESCRIPTION OF NOTES The notes will be dated September 15, 1934, and will bear interest from that date at the rate of two and one-half per cent per annum, payable semiannually on March 15 and September 15 in each year. They will mature September 15, 1938 and will not be subject to call for redemption prior to maturity. The notes shall be exempt, both as to principal and interest, from all taxation (except estate or inheritance taxes) now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority. The notes will be accepted at par during such time and under such rules and regulations 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. The notes will be acceptable to secure deposits of public moneys, but will not bear the circulation privilege. Bearer notes with interest coupons attached will be issued in denominations of $50, $100, $500, $1,000, $5,000, $10,000 and $100,000. The notes will not be issued in registered form. APPLICATION AND ALLOTMENT Applications will be received at the Federal reserve banks and branches and at the Treasury Department, Washington. Banking institutions generally will handle applications for subscribers, but only the Federal reserve banks and the Treasury Department are authorized to act as official agencies. Subject to the reservations made in the next succeeding paragraph, all subscriptions will be allotted in full. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part, 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. Allotment notices will be sent out promptly upon allotment. TERMS OF PAYMENT Payment at par for any notes allotted under this circular must be made on or before September 15. 1934, or on later allotment, and may be made only in second-called Fourth 4*4's, which will be accepted 1 Pursuant to the second call for partial redemption (see Department Circular No. 509, dated April 13, 1934), all outstanding Fourth Liberty Loan 4% per cent bonds of 1933-38 bearing serial numbers ending in 2 or 8 (in the case of permanent coupon bonds preceded by the distinguishing letter B or H, respectively) have been called for redemption on October 15, 1934, on which date interest on such bonds will cease. 2 First-called Fourth 4%'s (which ceased to bear interest on April 15, 1934) bear serial numbers ending in 9, 0 or 1 (in the case of permanent coupon bonds preceded by the distinguishing letter J, K, or A, respectively), and uncalled Fourth 4*4's bear serial numbers ending in 3, 4, 5, 6, or 7 (in the case of permanent coupon bonds preceded by the distinguishing letter C, D, E, F or G, respectively). at par, and should accompany the subscription. If any subscription is rejected, in whole or in part, the second-called Fourth 4*4 's tendered therewith and not accepted will be returned to the subscriber. Interest on second-called Fourth 414 's tendered and accepted will be paid in full to October 15, 1934, on which date interest on all second-called Fourth 4*4's will cease. Such payments will be made, in the case of coupon bonds, through payment of coupons dated October 15, 1934, when due, which coupons must be detached by holders before presentation of the bonds for exchange for the notes offered hereunder, and, in the case of registered bonds, through the issue of interest checks in regular course for final interest due October 15, 1934, in favor of the holders of record on September 15, 1934. SURRENDER OF SECOND-CALLED FOURTH 454's ON EXCHANGE Coupon bonds.—Second-called Fourth 41/4 's in coupon form tendered in exchange for Treasury notes offered hereunder, should be presented and surrendered to a Federal reserve bank or to the Treasurer of the United States and should accompany the application. All coupons bearing dates subsequent to October 15, 1934,3 should be attached to such coupon bonds when surrendered, and if any such coupons are missing, the application must be accompanied with cash payment equal to the face amount of the missing coupons.4 The bonds must be delivered at the expense and risk of the holder. Facilities for transportation of bonds by registered mail insured may be arranged between incorporated banks and trust companies and the Federal reserve banks, and holders may take advantage 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 this circular. Registered bonds.—Second-called Fourth 4 ^ ' s i n registered form tendered in exchange for Treasury notes offered hereunder, should be assigned by the registered payee or assigns thereof to '' The Secretary of the Treasury for exchange for Treasury notes of Series D-1938", in accordance with the general regulations of the Treasury Department governing assignments for transfer or exchange, and thereafter should be presented and surrendered with the application to a Federal reserve bank or to the Treasury Department, Division of Loans and Currency, Washington. The bonds must be delivered at the expense and risk of the holder. GENERAL PROVISIONS 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. 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. HENRY MORGENTHAU, JR., Secretary of the Treasury. 3 It will be noted that second-called Fourth 4%'s in coupon form tendered in exchange for 3*4 per cent Treasury bonds under Treasury Circular No. 524 must have the October 15, 1934 coupons attached as the interest represented by such coupons will be applied to the accrued interest on the 3 % per cent Treasury bonds issued in exchange and the balance paid on delivery of such bonds, or promptly following: allotment. 4 The final coupon attached to temporary coupon bonds became due on October 15, 1920. The holders of any such temporary bonds which are included in the second call for partial redemption on October 15, 1934, will receive the past due interest from October 15, 1920, if such bonds are tendered for exchange under this circular. UNITED STATES OF AMERICA 3% P E R C E N T T R E A S U R Y B O N D S O F 1944-46 ADDITIONAL ISSUE D a t e d a n d bearing interest from April 16, 1934 D u e April 15, 1946 REDEEMABLE AT T H E OPTION OF T H E UNITED STATES AT PAR AND ACCRUED INTEREST ON AND AFTER APRIL 15, 1944. OFFERED ONLY IN EXCHANGE F O R SECOND-CALLED FOURTH LIBERTY LOAN BONDS 1934 TREASURY DEPARTMENT, Department Circular No. S24 OFFICE OF THE SECRETARY, (Public Debt service) - Washington, September 10, 1934. EXCHANGE OFFERING OF BONDS The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, approved September 24, 1917, as amended, for refunding purposes, invites subscriptions, at par with an adjustment of accrued interest as of September 15, 1934, from the people of the United States, for three and onequarter per cent Treasury bonds of 1944-46, in payment of which only Fourth Liberty Loan 4 ^ per cent bonds of 1933-38 included in the second call for redemption on October 15, 1934 (hereinafter referred to as second-called Fourth 41/4's) may be tendered.1 The amount of the additional issue of three and onequarter per cent Treasury bonds of 1944-46 will be limited to the amount of second-called Fourth 4 ^ ' s tendered and accepted. Fourth Liberty Loan bonds not included in the second call for redemption on October 15, 1934, will not be accepted for exchange under this circular.2 In addition to the exchange offering under this circular, holders of second-called Fourth 4 ^ ' s are also offered the privilege of exchanging all or any part of such called bonds for 2% per cent Treasury notes of Series D-1938, which offering is set forth in Department Circular No. 523, issued simultaneously with this circular. DESCRIPTION OF BONDS The bonds now offered will be an addition to and will form a part of the series of three and onequarter per cent Treasury bonds of 1944-46 issued pursuant to Department Circular No. 508, dated April 4, 1934, are identical in all respects therewith, will be freely interchangeable, and are described in the following quotations from said Circular No. 508: "The bonds will be dated April 16, 1934, and will bear interest from that date at the rate of three and one-quarter per cent per annum, payable on October 15, 1934, on a semiannual basis, and thereafter semiannually on April 15 and October 15 in each year until the principal amount becomes payable. They will mature April 15, 1946, but may be redeemed at the option of the United States on and after April 15, 1944, in whole or in part, at par and accrued interest, on any interest day or days, on 4 months' notice of redemption given in such manner as the Secretary of the Treasury shall prescribe. In case of partial redemption the bonds to be redeemed will be determined by such method as may be prescribed by the Secretary of the Treasury. From the date of redemption designated in any such notice, interest on the bonds called for redemption shall cease. "Bearer bonds with interest coupons attached and bonds registered as to principal and interest will be issued in denominations of $50, $100, $500, $1,000, $5,000, $10,000 and $100,000. Provision will be made for the interchange of bonds of different denominations and of coupon and registered bonds and for the transfer of registered bonds under rules and regulations prescribed by the Secretary of the Treasury. "The bonds shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State or any of the possessions of the United States, or by any local taxing authority, except (a) estate or inheritance taxes, and (b) graduated additional income taxes, commonly known as surtaxes, and excess-profits and war-profits taxes, now or hereafter imposed by the United States, upon the income or profits of individuals, partnerships, associations, or corporations. The interest on an amount of bonds authorized by said act approved September 24, 1917, as amended, the principal of which does not exceed $5,000, owned by any individual, partnership, association, or corporation, shall be exempt from the taxes provided for in clause (b) above. ' ' The bonds will be acceptable to secure deposits of public moneys, and will bear the circulation privilege only to the extent provided in the act approved July 22, 1932, as amended. They will not be entitled to any privilege of conversion. 1 ' The bonds will be subject to the general regulations of the Treasury Department, now or hereafter issued, governing United States bonds. APPLICATION AND ALLOTMENT Applications will be received at the Federal reserve banks and branches and at the Treasury Department, Washington. Banking institutions generally will handle applications for subscribers, but only the Federal reserve banks and the Treasury Department are authorized to act as official agencies. Subject to the reservations made in the next succeeding paragraph, all subscriptions will be allotted in full. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part, 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. Allotment notices will be sent out promptly upon allotment. 1 Pursuant to the second call for partial redemption (see Department Circular No. 509, dated April 13, 1934) all outstanding Fourth Liberty Loan 4^4 per cent bonds of 1933-38 bearing serial numbers ending; in 2 or 8 (in the case of permanent coupon bonds preceded by the distinguishing; letter B or H, respectively) have been called for redemption on October 15, 1934, on which date interest on such bonds will cease. 2 First-called Fourth 4%'s (which ceased to bear interest on April IB, 1934) bear serial numbers ending; in 9, 0 or 1 (in the case of permanent coupon bonds preceded by the distinguishing letter J, K or A, respectively) and uncalled Fourth 4Vi's bear serial numbers ending in 3, 4, 5, 6 or 7 (in the case of permanent coupon bonds preceded by the distinguishing letter C, D, E, F or G, respectively). TERMS OF PAYMENT Payment at par and accrued interest to September 15, 1934, for any bonds allotted under this circular must be made on or before September 15, 1934, or on later allotment. Payment of the principal amount may be made only in second-called Fourth 4 ^ 's, which will be accepted at par and should accompany the subscription. If any subscription is rejected, in whole or in part, the second-called Fourth 414 's tendered therewith and not accepted will be returned to the subscriber. Interest on second-called Fourth 41/4 's tendered and accepted will be paid in full to October 15, 1934. In the case of coupon bonds accepted in exchange such interest will be anticipated and paid upon the terms and conditions hereinafter prescribed. Interest on all second-called Fourth 4^4 's will cease on October 15, 1934. COUPON BONDS Coupon bonds tendered in payment should have coupons dated October 15, 1934, as well as all subsequent coupons attached. S1/^ per cent Treasury bonds in coupon form issued in exchange will have all coupons attached, including the coupon maturing October 15, 1934; and a payment of the amount by which the 4*4 per cent coupon maturing October 15, 1934, exceeds the accrued interest from April 16 to September 15, 1934, of the 3 ^ per cent coupon maturing October 15, 1934, (such excess being $7.752732 per $1,000 principal amount) will be made upon delivery of the 31/4 per cent coupon bonds. 3^4 per cent Treasury bonds in registered form issued in exchange will bear interest from September 15, 1934; and a payment of the full amount of the 414 per cent coupon maturing October 15, 1934, will be made promptly following allotment. REGISTERED BONDS Interest on registered bonds tendered in payment and accepted will be payable on October 15, 1934 to the holders of record on September 15, 1934, the date of closing of the transfer books. 3!/4 per cent registered bonds issued in exchange for registered bonds will bear interest from September 15, 1934; and no cash payment for accrued interest will be required. 3*4 per cent Treasury bonds in coupon form issued in exchange for registered bonds will have all coupons attached, including the coupon maturing October 15, 1934; accordingly, a cash payment for accrued interest from April 16 to September 15, 1934, ($13.497268 per $1,000 principal amount) must accompany the application. SURRENDER OF SECOND-CALLED FOURTH 4^'s ON EXCHANGE Coupon Bonds.—Second-called Fourth 41/4's in coupon form tendered in exchange for Treasury bonds offered hereunder, should be presented and surrendered to a Federal reserve bank or to the Treasurer of the United States and should accompany the application. Coupons dated October 15, 1934,3 and all coupons bearing dates subsequent to October 15, 1934, should be attached to such coupon bonds when surrendered, and if any such coupons are missing, the4 application must be accompanied with cash payment equal to the face amount of the missing coupons. The bonds must be delivered at the expense and risk of the holder. Facilities for transportation of bonds by registered mail insured may be arranged between incorporated banks and trust companies and the Federal reserve banks, and holders may take advantage 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 this circular. Registered Bonds.—Second-called Fourth 4^4's in registered form tendered in exchange for Treasury bonds offered hereunder should be assigned by the registered payee or assigns 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 presented and surrendered with the application to a Federal reserve bank or to the Treasury Department, Division of Loans and Currency, Washington. The bonds must be delivered at the expense and risk of the holder. If Treasury bonds are desired registered in the same name as the second-called Fourth 4^4's surrendered, the assignment should be to "The Secretary of the Treasury for exchange for Treasury bonds of 1944-46"; if Treasury bonds are desired registered in another name, the assignment should be to "The Secretary of the Treasury for exchange for Treasury bonds of 1944-46 in the name of "; if Treasury bonds in coupon form are desired, the assignment should be to "The Secretary of the Treasury for exchange for Treasury bonds of 1944-46 in coupon form to be delivered to ". GENERAL PROVISIONS 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 bonds allotted, to make delivery of bonds on full-paid subscriptions allotted, and they may issue interim receipts pending delivery of the definitive bonds. 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. H E N R Y M O R G E N T H A U . JR., Secretary of the Treasury. 3 It will be noted that second-called Fourth 4%'s in coupon form tendered in exchange for 2% per cent Treasury notes of Series D-1938 under Department Circular No. 523 will not have the October 15, 1934, coupon attached; and there will, accordingly, be no anticipation of interest upon exchange for notes under such circular. 4 The final coupon attached to temporary coupon bonds became due on October 15, 1920. The holders of any such temporary bonds which are included in the second call for partial redemption on October 15, 1934, will receive the past due interest from October 15, 1920, if such bonds are tendered for exchange under this circular. THE SECRETARY OF THE TREASURY WASHINGTON September 10,1934. DEAR SIR : I recall the very generous and helpful assistance given by the banks last April in acquainting holders of Fourth Liberty Loan bonds with their opportunity to exchange them for bonds of another issue. The same situation presents itself with respect to the September 15th financing being announced today. This financing will include an exchange offering open to the holders of outstanding Fourth Liberty Loan bonds, amounting to about $1,250,000,000, which are included in the second call for redemption on October 15th. Full particulars concerning the exchange offering will be communicated to you through the Federal reserve bank of your district. Fourth Liberty Loan bonds are widely distributed throughout the country, and, except for the registered bonds, the Department has no direct contact with the holders, and so is unable directly to communicate with the holders of about 1,000,000 coupon bonds included in the second call, and acquaint them with the exchange offering in which they may now participate. The banking institutions of the country, on the other hand, are in position to communicate directly with many holders of the bonds called for redemption on October 15. I again seek your cooperation in reaching these holders, members of your community, who may or may not actually be customers of your bank, in acquainting them with the terms of the exchange offering, and in assisting those who desire to exchange their called bonds for other interest-bearing obligations of the United States. No further exchange offering will be made to the holders of these called Fourth 41/4s, and if the called bonds are not now exchanged, they should be presented for redemption on October 15, 1934. I am confident the fullest cooperation of your bank will be extended to your community. Sincerely yours, HENRY MORGENTHAU. JR., Secretary of the Treasury. To THE PRESIDENT OF THE BANK OR TRUST COMPANY ADDRESSED. To Holders of SECOND-CALLED FOURTH LIBERTY LOAN BONDS r Optional Exchange Offering Public notice was given on April 13,1934, that all outstand- ing Fourth Liberty Loan bonds (Fourth 4Vi's) bearing serial numbers ending with the digit 2 or 8 are called for redemption on October 15,1934, on which date interest on such called bonds will cease. For a limited period beginning September 10,1934, holders of such Fourth 4Vi9s called for redemption on October 15,1934, are offered the privilege of exchanging all or any part of their called bonds for other interest-bearing obligations of the United States. Holders of the called Fourth 4Vi's who desire to take advantage of the exchange offering should act promptly. If not so exchanged, such called bonds should be presented for redemption on October 15,1934. No further exchange offering will be made to the holders of these called Fourth 4Vi's. Full information concerning the optional exchange offering, or the partial redemption of Fourth 41/4's on October 15, 1934, is contained in the official circulars, which have been furnished the banking institution where this notice is displayed, or may be obtained from any Federal reserve bank or branch, or the Treasury Department. HENRY MORGENTHAU, Jr., Secretary of the Treasury TREASURY DEPARTMENT, Washington, September 10, 1934. CONSULT YOUR BANK. OP NR-FTN IGINAL NON-NEGOTIABLE RECEIPT Issued to. Number. Street 997 Date Town State. Receipt is hereby acknowledged of $ par amount second-called ] e o u P o n ( Fourth Liberty Loan 4*4% bonds of 1933-38 in exchange for United States of America 2Y2 per cent Treasury Notes of Series D-1938 pursuant to the terms of Treasury Department Circular No. 523, dated September 10, 1934. FEDERAL EESERVE BANK OF NEW YORK Fiscal Agent of the United States. Your letter dated Teller No. NOTICE: If United States of America Treasury Notes of Series D-1938 are to be delivered at the Federal Reserve Bank over the counter to a representative of the subscriber, the following authority should be executed by the subscriber and presented to the Federal Reserve Bank of New York by the representative therein named. Date To FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. You are hereby authorized to deliver to _ whose signature appears (Name of Representative) below $ par amount United States of America Treasury Notes of Series D-1938 for which the undersigned by exchange subscription has surrendered to you second-called Fourth Liberty Loan 4% per cent bonds pursuant to the provisions of Treasury Department Circular No. 523, dated September 10, 1934. Name... (Please Print) (Signature of Authorized Representative) (Official Signature Required) TRIPLICATE FILE COPY rj Issued to. Number. Street Town 997 Date State. Receipt is hereby acknowledged of $ par amount second-called j e°-llF°n(j ( Fourth Liberty Loan 4%% bonds of 1933-38 in exchange for United States of America 2% per *ent Treasury Notes of Series D-1938 pursuant to the terms of Treasury Department Circular No. 523, dated September 10, 1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Your letter dated No. Teller DUPLICATE PENDING DELIVERY TICKET Issued to Number. Street Town 997 Date State. Keceipt is hereby acknowledged of $ par amount second-called i register d ( -^our*n Liberty Loan 4*4% bonds of 1933-38 in exchange for United States- of America 2% per cent Treasury Notes of Series D-1938 pursuant to the terms of Treasury Department Circular No. 523, dated September 10, 1934. FEDEEAL RESERVE BANK OF NEW YOBK Fiscal Agent of the United States. Your letter dated No. Teller NR-FB IGINAL NON-NEGOTIABLE RECEIPT in--' to.. Number. Street Date .... Town.... 1995 .. State. Receipt is hereby acknowledged of $ par amount second-called j re^tered f Fourtn Liberty Loan 4%% bonds of 1933-3S United tes of America 3*4 per cent Treasury bonds of 1944-1946 pursuant to the terms of Treasury Department Circular No. 524, dated September 10,1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Teller NOTICE: If United States of America 3% per cent Treasury bonds of 1944-46 are to be delivered at the Federal Reserve Bank over the counter to a representative of the subscriber, the following authority should be executed by the subscriber and presented to the Federal Reserve Bank of New York by the representative therein named. Date To FEDERAL RESERVE BANK OF N E W YORK, Fiscal Agent of the United States, New York, N. Y. You are hereby authorized to deliver to whose signature appears (Name of Representative) below $ par amount United States of America 3% per cent Treasury bonds of 1944-46 for which the undersigned by axehange subscription has surrendered to you second-called Fourth Liberty Loan 4% per cent bonds pursuant to the provisions of Treasury Department Circular No. 524 dated September 15, 1934. Name (Please Print) (Signature of Authorized Representative) (Official Signature Required) TRIPLICATE FILE COPY Issued to Number. Street Town 1995 Date State. Receipt is hereby acknowledged of $ par amount second-called i Tee\g+eTed 1 ^0U1"tn Liberty Loan 4*4% bonds of 1933-38 United States of America 3% per cent Treasury bonds of 1944-1946 pursuant to the terms of Treasury Department Circular No. 524, dated September 10,1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Teller DUPLICATE PENDING DELIVERY TICKET Issued to Number..A.*.*.*".5/ Street Town Date State * Receipt is hereby acknowledged of $ par amount second-called \ ^"tered f ^ o u r t l 1 Liberty Loan 4%% bonds of 1933-38 United States of America 3*4 per cent Treasury bonds of 1944-1946 pursuant to the terms of Treasury Department Circular No. 524, dated September 10,1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Teller Form 1382 F-SCBC Lot No. FOR COUPON BONDS FORM OF ADVICE TO ACCOMPANY FIRST AND/OR SECOND-CALLED FOURTH LIBERTY LOAN 414 PER CENT BONDS (FOURTH 4%'S) IN COUPON FORM PRESENTED FOR REDEMPTION Date FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. Pursuant to the provisions of Treasury Department Circular No. 501, dated October 12, 1933 and/or Treasury Department Circular No. 509, dated April 13, 1934, the undersigned presents and surrenders herewith for redemption, Fourth Liberty Loan bonds in coupon form as follows: List in spaces below only First-called Fourth Liberty Loan 4M per cent COUPON BONDS BEARING DISTINGUISHING LETTER A J OR K. Such bonds must have coupon No. 32, dated October 15, 1934 and all subsequent coupons attached. Coupon No. 31, dated April 15, 1934 should be detached and presented (or payment in the usual manner. PIECES DENOMINATIONS PAR AMOUNT List in spaces below only Second-called Fourth Liberty Loan 4M per cent COUPON BONDS BEARING DISTINGUISHING LETTER B OR H. Such bonds must have Coupon No. 33, dated April 15, 1935 and all subsequent coupons attached. Coupon No. 32, dated October 15, 1934 should be detached and presented (or payment in the usual manner on October 15, 1934. PIECES DENOMINATIONS $50 S50 100 100 500 500 1,000 1,000 5.000 5,000 10,000 10,000 100,000 100,000 TOTAL PAR Past Due Coupons Missing Coupons.. PROCEEDS and requests that remittance covering payment therefor be made as indicated below. By check Name (Please print) By credit Address Special instructions (Official signature required) PAR AMOUNT •tIGINAL NON-NEGOTIABLE RECEIPT [ssued to Number. Street Date Town State Beceipt is hereby acknowledged of $ par amount United States of America 1% per cent certificates of indebtedness of Series TS-1934 in exchange for United States of America 1% per cent Treasury Notes of Series D-1936 pursuant to the terms of Treasury Department Circular No. 522, dated September 10, 1934. FEDERAL EESERVE BANK OF NEW YORK Fiscal Agent of the United States. Your letter dated Teller No. NOTICE: If United States of America Treasury Notes of Series D-1936 are to be delivered at the Federal Reserve Bank over the counter to a representative of the subscriber, the following authority should be executed by the subscriber and presented to the Federal Reserve Bank of New York by the representative therein named. To FEDERAL EESERVE BANK or NEW YORK, Fiscal Agent of the United States, New York, N. Y. Date You are hereby authorized to deliver to whose signature appears (Name of Representative) below $ par amount United States of America 1% per cent Treasury Notes of Series D-1936 for which the undersigned by exchange subscription has surrendered to you, United States of America 1% per cent certificates of indebtedness of Series TS-1934 pursuant to the provisions of Treasury Department Circular No. 522, dated September 10, 1934. Name _ (Please Print) (Official Signature Required) (Signature of Authorized Representative) TRIPLICATE FILE COPY Number. Issued to... Date Street Town State. Receipt is hereby acknowledged of $ par amount United States of America 1*4 per cent certificates of indebtedness of Series TS-1934 in exchange for United States of America 1% per cent Treasury Notes of Series D-1936 pursuant to the terms of Treasury Department Circular No. 522, dated September 10, 1934. FEDERAL EESERVE BANK or NEW YORK Fiscal Agent of the United States. Your letter dated No. Teller DUPLICATE PENDING DELIVERY TICKET Issued to Number Date Towu State Receipt is hereby acknowledged of $ par amount United States of America 1% per cent certificates of indebtedness of Series TS-1934 in exchange for United States of America 1% per cent Treasury Notes of Series D-1936 pursuant to the terms of Treasury Department Circular No. 522, dated September 10, 1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. letter dated No. Teller IGINAL NR-FB NON-NEGOTIABLE RECEIPT Number. gsued to. Street Date Town .. State. Receipt is hereby acknowledged of $ par amount second-called Fourth Liberty Loan bonds of 1933-38 United ites of America 3% per cent Treasury bonds of 1944-1946 pursuant to the terms of Treasury Department Circular No. 524, dated September 10,1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Teller .. NOTICE: If United Slates of America 3JA per cent Treasury bonds of 1944-46 are to be delivered at the Federal Reserve Bank over the counter to a representative of the subscriber, the following authority should be executed by the subscriber and presented to the Federal Reserve Bank of New York by the representative therein named. Date. To FEDERAL RESERVE BANK OF N E W YORK, Fiscal Agent of the United States, New York, N. Y. You are hereby authorized to deliver to whose signature appears (Xame of Representative) jelow $ par amount United States of America 3% per cent Treasury bonds of 1944-46 for which the undersigned by 'xiliange subscription has surrendered to you second-called Fourth Liberty Loan 4*4 per cent bonds pursuant to the provisions of Treasury Department Circular No. 524 dated September 15, 1934. Name (Please Print) (Official Signature Required) (Signature of Authorized Representative) TRIPLICATE FILE COPY Number. Issued to ... Date Street Town State. Receipt is hereby acknowledged of $ par amount second-called j reCg^ered I F o u r t h L i b e r t 7 L o a n 4 *4% t*011*18 o f 1933-38 United States of America 3% per cent Treasury bonds of 1944-1946 pursuant to the terms of Treasury Department Circular No. 524, dated September 10,1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Teller :ATE PENDING DELIVERY TICKET Number. to. Date Street Town Receipt is hereby acknowledged of $ State par amount second-called j Fourth Liberty Loan bonds of 1933-38 United States of Amerisa 3% per cent Treasury bonds of 1944-1946 pursuant to the terms of Treasury Department Circular No. 524, dated September 10,1934. FEDERAL RESERVE BAXK OF NEW YORK Fiscal Agent of the United States. Teller NR-I ilNAL NON-NEGOTIABLE RECEIPT Number. led to. Date Street Town .. State. Eeceipt is hereby acknowledged of $ par amount second-called j registered [ F o u r t n Liberty Loan 4*4% bonds of 1933-38 i exchange for United States- of America 2*4 per cent Treasury Notes of Series D-1938 pursuant to the terms of Treasury Department Circular o. 523, dated September 10, 3934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Your letter dated No. Teller NOTICE: If United Slates of America Treasury Notes of Series D-1938 are to be delivered at the Federal Reserve Bank over the counter to a representative of the subscriber, the following authority should be executed by the subscriber and presented to the Federal Reserve Bank of New York by the representative therein named. Date FEDERAL RESERVE BANK OF N E W YORK, Fiscal Agent of the United States, New York, N. Y. You are hereby authorized to deliver to whose signature appears (Name of Representative) ow $ par amount United States of America Treasury Notes of Series D-1938 for which the undersigned by exchange subeription has surrendered to you second-called Fourth Liberty Loan 4% per cent bonds pursuant to the provisions of Treasury Department Circular 523, dated September 10, 1934. Name _ (Please Print) (Official Signature Required) (Signature of Authorized Representative) TRIPLICATE FILE COPY Issued to Number Street Town Date State Receipt is hereby acknowledged of $ par amount second-called j j.g^t'ered [ F o u r t n Liberty Loan 4*4% bonds of 1933-38 in exchange for United States of America 2% per cent Treasury Notes of Series D-1938 pursuant to the terms of Treasury Department Circular No. 523, dated September 10, 1934. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Your letter dated.... ... No. Teller Di^trfCATE PENDING DELIVERY TICKET Issued to... Street Town State Eeceipt is hereby acknowledged of $ par amount second-called i r ^stered ( F o u r t h Liberty Loan 4%% bonds of 1933-38 in exchange for United States of, America 2% per cent Treasury Notes of Series D-1938 pursuant to the terms of Treasury Department Circular No. 523, dated September 10, 1934. FEDERAL EESERVE BANK OF NEW YORK Fiscal Agent of the United States. Your letter dated No.. Teller EA-CB COUPON BOND EXCHANGE SUBSCRIPTION This Form Should Be Used When Second-Called Fourth Liberty Loan 4/4 P e r c e n t Coupon Bonds of 1933-38, Called for Payment on October 15, 1934, Are Tendered in Payment for Treasury Bonds to Be Allotted on Subscriptions FOR UNITED STATES OF AMERICA 3% PER CENT TREASURY BONDS OF 194446 Dated April 16, 1934 Due April 15, 1946 NOTE: Second-called coupon Fourth Liberty Loan 4*4% bonds of 1933-38, which were called for redemption on October IS, 1934, bear serial numbers, the final digit of which is 8, or 2 (such serial numbers in the case of permanent coupon bonds being prefixed by the corresponding distinguishing letter H, or B, respectively). Second-called coupon Fourth 4 Ms tendered in exchange must be presented and surrendered with this exchange subscription, except that if payment is to be made by second-called coupon Fourth 4 ^ « now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided below. If registered Treasury securities of this series are desired in exchange for second-called coupon Fourth 4}4« presented and surrendered, the required necessary instructions must be given in spaces provided on the reverse side of this form. Coupon bonds tendered in payment should have coupons dated October 15, 1934, as well as all subsequent coupons attached. 3M per cent Treasury bonds in coupon form issued in exchange will have all coupons attached, including the coupon maturing October 15, 1934; and a payment of the amount by which the 4M per cent coupon maturing October 15, 1934 exceeds the accrued interest from April 16 to September 15, 1934, of the 3 M per cent coupon maturing October 15, 1934, (such excess being $7.752732 per $1,000 principal amount) will be made upon delivery of the 3}4 per cent coupon bond. 3% per cent Treasury bonds in registered form issued in exchange will bear interest from September 15, 1934; and a payment of the full amount of the 4}£ per cent coupon maturing October 15, 1934 will be made promptly following allotment. Subscriptions for which second-called coupon Fourth 4M* are tendered in payment and accepted will be allotted in full. Banking institutions generally will handle applications for subscribers. Dated at FEDERAL RESERVE BANK OF NEW YORK, 1934 Fiscal Agent of the United States, New York, N. Y. DEAR SIRS : Pursuant to the provisions of Treasury Department Circular No. 524, dated September 10, 1934, the undersigned tenders herewith in exchange for United States of America 3*4 per cent Treasury bonds of 1944-46, second-called Fourth Liberty Loan 41/4 per cent coupon bonds of 1933-38 in the amount and as stated below: For own account $ For our customers (for use of banking institutions) as shown on attached list $ Total Subscription $ Issue Treasury securities allotted on this subscription as indicated below: In coupon form """"" Indicate by X mark" and use a separate form when coupon or registered Treasury securities of this series __are desired in exchange. SECOND-CALLED FOURTH LIBERTY LOAN COUPON BONDS TENDERED IN EXCHANGE Number of Pieces Par Amount Denominations In registered form ISSUE TREASURY SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS Number of Pieces $50 350 100 100 500 500 1,000 1,000 5,000 5,000 10,000 10,000 X X 50,000 X X XXX 100,000 100,000 Total Total Leave this Space Blank Par Amount Denominations X X X X X X XX In payment of Treasury securities allotted on this subscription you are authorized to apply $ second-called coupon Fourth 4^4 's now held by you for our account. Dispose of proceeds representing interest adjustment as follows: By check to By credit to our Reserve account [_ Credit our account with par value • £ Dispose of Treasury securities allotted on this subscription as follows: Hold for Safekeeping (for member banks only) $. Deliver over the counter $. Deliver to your Discount Department Ship the definitive securities to the undersigned $. Register the securities as indicated in schedule on reverse side of this subscription and after registry deliver or ship as indicated above Hold as Collateral for "War Loan Deposits $. Special instructions: I hereby certify that such securities as are hereby pledged will be, upon issue, the sole property of the below named bank or trust company or the property of its customers who have consented in writing to such pledge. D^T* Before Signing Fill in All Eequired Spaces TO SUBSCRIBER: Mark (X) in proper space to indicate if this is: Name (Please print) Original subscription • Confirmation of a telegram [H Confirmation of a letter f] Si Sn here (Official signature required) Street Address Town and State Spaces below are for the use of the Federal Reserve Bank of New York DELIVERY RECEIPT Received Released Checked Taken from vault Recorded Counted Acknowledged Cheeked Delivered DELIVERY RECEIPT Received from the FEDERAL RESERVE BANK OP NEW YORK the above described United States of America Treasury Bonds. Date By SCHEDULE FOR ISSUE OF REGISTERED BONDS NOTE SW"* Name In Which Bonds Shall Be Registered, and PostOffice Address For Interest Checks and Mail. Names and Addresses must be printed or typewritten. Indicate Under Appropriate Denominations, Number of Bonds Desired. Amount $50 $100 $500 $1,000 $5,000 $10,000 XXX $100,< } List of customers' applications included in the foregoing subscription entered and certified by (Name of bank or trust company) Post office address. Name of Customer Address State. Amount Subscribed EA-RB REGISTERED BOND EXCHANGE SUBSCRIPTION This Form Should Be Used When Second-Called Fourth Liberty Loan 4% per cent Registered Bonds of 1933-38, Called for Payment on October 15, 1934, Are Tendered in Payment for Treasury Bonds to Be Allotted on Subscriptions FOR UNITED STATES OF AMERICA 3 % PER CENT TREASURY BONDS OF 1944-46 Dated April 16, 1934 Due April 15, 1946 NOTE: Second-called registered Fourth Liberty Loan 4M% bonds of 1933-38, which were called for redemption on October 15, 1934, bear serial numbers, the final digit of which is 8, or 2. Second-called registered Fourth 4 } | s tendered in exchange must be presented and surrendered with this exchange subscription, except that if payment is to be made by second-called registered Fourth 4M« now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided below. If registered Treasury securities of this series are desired in exchange for second-called registered Fourth 4 % s presented and surrendered, the required necessary instructions must be given in spaces provided on the reverse side of this form. Interest on registered bonds tendered in payment and accepted will be payable on October 15, 1934 to the holders of record on September 15, 1934, the date of closing of the transfer books. 3M per cent registered bonds issued in exchange for registered bonds will bear interest from September 15, 1934; and no cash payment for accrued interest will be required. 3J4 per cent Treasury bonds in coupon form issued in exchange for registered bonds will have all coupons attached, including the coupon maturing October 15, 1934; accordingly a cash payment for accrued interest from April 16, to September 15, 1934 ($13.497268 per $1,000 principal amount) must accompany the application. Subscriptions for which second-called registered Fourth 4 *4 s a r e tendered in payment and accepted will be allotted in full. Banking institutions generally will handle applications for subscribers. Dated at FEDERAL RESERVE BANK OF NEW YORK, 1934 Fiscal Agent of the United States, New York, N. Y. DEAR SIRS : Pursuant to the provisions of Treasury Department Circular No. 524, dated September 10, 1934, the undersigned, being the true owner, assignee of, or the duly authorized agent of the true owner or assignee, tenders herewith in exchange for United States of America 3^4 per cent Treasury bonds of 1944-46, second-called registered Fourth Liberty Loan 4*4 per cent bonds of 1933-38 in the amount and as stated below: For own account $ For our customers (for use of banking institutions) as shown on attached list $ Total Subscription $ Issue Treasury securities allotted on this subscription as indicated below: "Indicate by X mark" In registered form In coupon form and use a separate form when coupon or registered Treasury securities of this series are desired in exchange. SECOND-CALLED FOURTH LIBERTY LOAN REGISTERED BONDS TENDERED IN EXCHANGE Number of Pieces Par Amount Denominations $ ISSUE TREASURY SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS Number of Pieces D enominations 50 $50 100 100 500 500 1,000 1,000 5,000 5,000 10,000 10,000 X X 50,000 Par Amount X X X X X 100,000 100,000 Total Total X X Leave this Space Blank X X X X X X In payment of Treasury securities allotted on this subscription you are authorized to apply $ second-called registered Fourth 4*4s n o w n e ^ by you for our account. Payment for adjustment of interest on exchange of registered for coupon bonds is made as follows: Check • Charge our account par value • Dispose of Treasury securities allotted on this subscription as follows: Hold for Safekeeping (for member banks only) $. Deliver over the counter Deliver to your Discount Department Ship the definitive securities to the undersigned $. $. I hereby certify that such securities as you are hereby instructed to hold for safekeeping and/or_ to deliver to your Discount Department will be, upon issue, the sole property of the below named bank or trust company. Hold as Collateral for War Loan Deposits $. Eegister the securities as indicated in schedule on reverse side of this subscription and after registry deliver or ship as indicated above $. I hereby certify that such securities as are hereby pledged will be, upon issue, the sole property of the below named bank or trust company or the property of its customers who have consented in writing to such pledge. Special instructions: DS^"* Before Signing Fill in All Required Spaces TO SUBSCRIBER: Name Mark (X) in proper space to indicate if this is: (Please print) Original subscription Q Confirmation of a telegram [J Confirmation of a letter Sign here (Official signature required) Street Address Town and State Spaces below are for the use of the Federal Reserve Bank of New York RECEIPT DELIVERY Received Released Checked Taken from vault Recorded Counted Acknowledged Checked DELIVERY RECEIPT Received from the FEDERAL RESERVE BANK OF NEW YOEK the above described Delivered United States of America Treasury bonds. Date. By SCHEDULE FOR ISSUE OF REGISTERED BONDS NOTE ^W Name In Which Bonds Shall Be Registered, and PostOffice Address For Interest Checks and Mail. Names and Addresses must be printed or typewritten. Indicate Under Appropriate Denominations, Number of Bonds Desired. Amount $50 $100 $500 $1,000 $5,C00 $10,000 XXX $100, i - / List of customers' applications included in the foregoing subscription entered and certified by (Name of bank or trust company) Post office address. Name of Customer Address State. Amount Subscribed EAN-CB COUPON BOND EXCHANGE SUBSCRIPTION This Form Should Be Used When Second-Called Fourth Liberty Loan 414 per cent Coupon Bonds of 1933-38, Called for Payment on October 15, 1934, Are Tendered in Payment for Treasury Notes to be Allotted on Subscriptions FOR 214 PER CENT TREASURY NOTES OF SERIES D-1938 Dated September 15, 1934 Due September 15, 1938 NOTE: Second-called Fourth Liberty Loan 444 % bonds of 1933-38, which were called for redemption on October 15, 1934, bear serial numbers, the final digit of which is 8, or 2 (such serial numbers in the case of permanent coupon bonds being prefixed by the corresponding distinguishing letter H, or B, respectively). Second-called coupon Fourth 4% s tendered in exchange must be presented and surrendered with this exchange subscription, except that if payment is to be made by second-called coupon Fourth 4 ^ « now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided below. The October 15, 1934 coupon should be detached and collected in the usual manner. Subscriptions for which second-called coupon Fourth 4%s are tendered in payment and accepted will be allotted in full. Banking institutions generally will handle applications for subscribers. Interest decimal on coupon payable March 15, 1935 (181 day period) one day's interest on $1,000. is $.069060773 Dated at FEDERAL RESERVE BANK OF NEW YORK, 1934 Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the provisions of Treasury Department Circular No. 523, dated September 10, 1934, the undersigned tenders herewith in exchange for United States of America 2y2 per cent Treasury Notes of Series D-1938, second-called Fourth Liberty Loan 4*4 per cent coupon bonds of 1933-38 in the amount and as stated below: For own account $ For our customers (for use of banking institutions) as shown on attached list $ Total Subscription $ Issue Treasury securities allotted on this subscription, as indicated below: SECOND-CALLED FOURTH LIBERTY LOAN COUPON BONDS TENDEHED IN EXCHANGE Number of Pisces Par Amount D enominations $ ISSTTE T K E A S U R Y SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS Number of Pieces Par Amount D enominations $ 50 Leave this Space Blank 50 100 100 600 500 1,000 1.000 5,000 5,000 10,000 10,000 X 50,000 X X 100,000 X X X X X X X X X X X X 100,000 Total Total In payment of Treasury securities allotted on this subscription you are authorized to apply $ value second-called coupon Fourth 4 ^ now held by you for our account. par Dispose of Treasury securities allotted on this subscription as follows: Hold for safekeeping (for member banks only) $. Deliver over the counter Deliver to your Discount Department Ship the definitive securities to the undersigned $. $- I hereby certify that such securities as you are hereby instructed to hold for safekeeping and/or to deliver to your Discount Department will be, upon issue, the sole property of the below named bank or trust company. $. Special instructions: Hold as collateral for War Loan Deposits $. I hereby certify that such securities as are hereby pledged will be, upon issue, the sole property of the below named bank or trust company or the property of its customers who have consented in writing to such pledge. Before Signing Fill in All Eequired Spaces TO SUBSCRIBER: Name Mark (X) in proper space to indicate if this is: Original subscription (Please print) Q Confirmation of a telegram Sign here (Official signature required) Street Address [j Confirmation of a letter Q Town and State Spaces below are for the use of the Federal Reserve Bank of New York DELIVERY EECEIPT Received Released Checked Taken from vault Recorded Counted Acknowledged Checked Delivered DELIVERY EECEIPT — Received from the FEDERAL EESEBVE BANK OF NEW YORK the above described United States of America Treasury Notes. Date __ „ _. By List of customers' applications included in the foregoing subscription entered and certified by (Name of bank or trust company) Post office address of Customer Address State Amount Subscribed EAN-RB REGISTERED BOND EXCHANGE SUBSCRIPTION This Form Should be Used When Second-Called Fourth Liberty Loan 4*4 per cent Registered Bonds of 1933-38, Called for Payment on October 15,1934, Are Tendered in Payment for Treasury Notes to Be Allotted on Subscriptions FOR 214 PER CENT TREASURY NOTES OF SERIES D-1938 Dated September 15, 1934 Due September 15, 1938 NOTE: Second-called registered Fourth Liberty Loan 4%% bonds of 1933-38, which were called for redemption on October 15, 1934, bear serial numbers, the final digit of which is 8, or 2. Second-called registered Fourth 4 J4 * tendered in exchange must be presented and surrendered with this exchange subscription, except that if payment is to be made by second-called registered Fourth 4^4« now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided below. Interest on such registered bonds surrendered will be paid to October 15, 1934 through the issue of interest checks in regular course for final interest due October 15, 1934, in favor of the holders of record on September 15, 1934. Subscriptions for which second called registered Fourth 4 ^ s are tendered in payment and accepted will be allotted in full. Banking institutions generally will handle applications for subscribers. Interest decimal on coupon payable March 15, 1935 (181 day period) one day's interest on $1,000. is $.069060773 Dated at .1934 FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. )EAR SIRS: Pursuant to the provisions of Treasury Department Circular No. 523, dated September 10, 1934, the undersigned, being the true owner, assignee of, or the duly authorized agent of the true owner or assignee, tenders herewith in exchange for United States of America 2% per cent Treasury Notes of Series D-1938, second-called registered Fourth Liberty Loan 4 ^ per cent bonds of 1933-38 in the amount and as stated below: For own account $. For our customers (for use of banking institutions) as shown on attached list $. Total Subscription $. Issue Treasury securities allotted on this subscription, as indicated below: SECOND-CALLED FOURTH LIBERTY LOAN REGISTERED BONDS TENDERED IN EXCHANGE Number of Pieces Par Amount Denominations ISSUE TBEASURT SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS Number of Pieces $50 $50 100 100 500 500 1,000 1,000 5,000 5,000 10,000 10,000 50,000 Par Amount Denominations XX X X X 100,000 100,000 Total Total Leave this Space Blank XX XX X XX X In payment of Treasury securities allotted on this subscription you are authorized to apply $ second-called registered Fourth 4^4s now held by you for our account. Dispose of Treasury securities allotted on this subscription as follows: Hold for Safekeeping (for member banks only) $_ Deliver to your Discount Department Deliver over the counter $. par value $. Ship the definitive securities to the undersigned $. I hereby certify that such securities as you are herebyinstructed to hold for safekeeping and/or to deliver to your Discount Department will be, upon issue, the sole property of the below named bank or trust company. Special instructions: Hold as Collateral for War Loan Deposits $. I hereby certify that such securities as are hereby pledged will be, upon issue, the sole property of the below named bank or trust company or the property of its customers who have consented in writing to such pledge. p^*" Before Signing Fill in All Kequired Spaces TO SUBSCRIBER: Name Mark (X) in proper space to indicate if this is: (Please print) •• •• •• Original subscription Confirmation of a telegram Confirmation of a letter Sign here (Official signature required) Street Address Town and State. Spaces below are for the use of the Federal Reserve Bank of New York EECEIPT DELIVERY RECEIPT DELIVERY Eeceived Keleased Checked Taken from vault Eecorded Counted Acknowledged Checked Delivered Received from the FEDERAL RESERVE BANK OF NEW YORK the above described United States of America Treasury Notes. Date By List of customers' applications included in the foregoing subscription entered and certified by (Name of bank or trust company) Post office address Name of Customer Address State. Amount Subscribed EA-TN CERTIFICATE EXCHANGE SUBSCRIPTION This Form Should Be Used When United States of America iy2 Per Cent Treasury Certificates of Indebtedness of Series TS-1934 Maturing September 15, 1934 Are Tendered in Payment for Treasury Notes to Be Allotted on Subscriptions FOR iy2 PER CENT TREASURY NOTES, SERIES D-1936 Dated September 15, 1934 Due September 15, 1936 Note: United States of America 1 }£ per cent Treasury certificates of indebtedness of Series TS-1934, tendered in exchange should be presented and surrendered with this exchange subscription, except that if payment is to be made by such certificates of indebtedness now held for the subscriber's account by the Federal Reserve Bank of New York instructions must be given accordingly in the space provided below. Subscriptions for which Treasury certificates of indebtedness of Series TS-1934 are tendered in payment and accepted will be allotted in full. Interest decimal on coupon payable March 15, 1935 (181 day period) one day's interest on $1,000. is $.041436464 Dated at. .1934 FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. DEAR SIRS : Pursuant to tbe provisions of Treasury Department Circular No. 522, dated September 10, 1934, the undersigned tenders herewith in exchange for United States of America V/2 per cent Treasury notes, Series D-1936, United States of America V/2 per cent Treasury certificates of indebtedness of Series TS-1934 in the amount and as stated below: For own account For our customers (for use of banking institutions) as shown on attached list $ $ Total Subscription $ Issue Treasury securities allotted on this subscription as indicated below: Treasury Certificates of Series TS-1934 Tendered in Exchange Par Amount Number of Pieces Denominations X X XX X X X XX X X XX X X X X X Number of Pieces Denominations X X XX 500 1,000 1,000 5,000 5,000 10,000 10,000 X XX X X Par Amount Leave this Space Blank X XX XX X XX X X XX X X XXX X $100 $500 |X X X XX ISSUE TBEASUBY SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS X X XXX 100,000 100,000 Total Total par value In payment of Treasury securities allotted on this subscription you are authorized to apply $. Treasury certificates of indebtedness of Series TS-1934 now held by you for our account. Dispose of Treasury securities allotted on this subscription as follows: Hold for safekeeping (for member banks only) $. Deliver to your Discount Department Deliver over the counter $. $. Ship the definitive securities to the undersigned $. I hereby certify that such securities as you are hereby instructed to hold for safekeeping and/or to deliver to your Discount Department will be, upon issue, the sole property of the below named bank or trust company. Special instructions: Hold as collateral for War Loan Deposits $. I hereby certify that such securities as are hereby pledged will be, upon issue, the sole property of the below named bank or trust company or the property of its customers who have consented in writing to such pledge. D^T* Before Signing Fill in All Required Spaces TO SUBSCRIBER: Name Mark (X) in proper space to indicate if this is: (Please print) Q Original subscription Sign here (Official signature required) Confirmation of a telegram \^j Confirmation of a letter JZ1 Street Address Town and State Spaces below are for the use of the Federal Reserve Bank of New York DELIVEEY RECEIPT Received Released Checked Taken from vault Recorded Counted Acknowledged Checked DELIVERY RECEIPT Received from the FEDERAL RESERVE BANK OF NEW YORK the above described Delivered United States of America Treasury notes. Date By List of customers' applications included in the foregoing subscription entered and certified by (Name of bank or trust company) Post office address Same of Custom* r Address State Amount 8ub»cribed NON-NEGOTIABLE RECEIPT No. ISSUED TO. Receipt, subject to count and examination, is acknowledged of the following securities in the amount and for the purpose indicated. PAR AMOUNT $ SECURITY REDEMPTION EXCHANGE United States of America Government Bonds United States of America Postal Savings Bonds United States of America Treasury Notes United States of America Treasury Certificates United States of America Certificates of Indebtedness United States of America Treasury Bills United States of America War Savings Stamps Federal Intermediate Credit Bank Debentures Federal Land Bank Bonds Home Owners' Loan Corporation Bonds Consolidated Land Banks' Bonds Payment of $ will be made as of for securities surrendered for redemption by Check Credit • • IMPORTANT: Checks will be held until called for unless we are otherwise instructed. Advices of credit will be mailed. FEDERAL RESERVE BANK OF NEW YORK GOVERNMENT BOND & SAFEKEEPING DEPARTMENT, Issues and Redemption Section. Teller
@FedFRASER