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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United St

Circular No. 1 5 1 1 1
March 4, 1935 J

Offering of United States of America 2% Percent Treasury Bonds of 1955-60
(The amount of the offering will be limited to the amount of Third-called Fourth 4%'s tendered and accepted.)
Dated and bearing interest from March 15, 1935
Due March 15, 1960
Redeemable at the option of the United States at par and accrued interest on and after March 15, 1955
Interest payable March 15 and September 15
Offered only in exchange for Third-called Fourth Liberty Loan Bonds

Offering of United States of America i% Percent Treasury Notes of Series A-1940
(The amount of the offering will be limited to the amount of Treasury notes Series C-1935 tendered and accepted.)
Dated March 15, 1935
Due March 15, 1940
Interest payable March 15 and September 15
Offered only in exchange for Treasury notes of Series C-1935

To all Banks and Trust Companies in the Second
Federal Reserve District and Others Concerned:

Secretary of the Treasury Morgenthau today announced an offering of 20-25 year 27/s percent Treasury bonds of 1955-60 in exchange for Third-called Fourth Liberty Loan bonds called
for redemption on April 15, 1935, and an offering of 5 year 1% percent Treasury notes of
Series A-1940 in exchange for Treasury notes of Series C-1935, maturing March 15, 1935.
The terms of these offerings are set forth respectively in Treasury Department circulars Nos.
531 and 532 dated March 4, 1935, copies of which are printed on the following pages.
The subscription books for these offerings are now open, and applications will be received
by this bank as fiscal agent of the United States. Subscriptions should be made on subscription blanks and mailed immediately, or if made by telegram or letter, should be confirmed on
subscription blanks.




GEORGE L. HARRISON,

Governor.

UNITED STATES OF AMERICA
27/8 PERCENT TREASURY BONDS OF 1955-60
Dated and bearing interest from March 15, 1935
Due March 15, 1960
Redeemable at the option of the United States at par and accrued interest on and after March 15, 1955
Interest payable March 15 and September 15

OFFERED ONLY IN EXCHANGE FOR THIRD-CALLED FOURTH LIBERTY LOAN BONDS

n

,

V?35.

M

TREASURY DEPARTMENT,

Department Circular No. 531

__-.. r-r-«.

.

OFFICE OF THE SECRETARY,

Public Debt Service

Washington, March 4, 1935.
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 from the people of the
United States, for two and seven-eighths percent bonds of the United States, designated Treasury bonds of
1955-60, in payment of which only Fourth Liberty Loan 414 percent bonds of 1933-38 included in the
third call for redemption on April 15, 1935 (hereinafter referred to as Third-called Fourth 4^4 's) may be
tendered.1 Treasury bonds of 1955-60 will be issued at par and accrued interest, if any, and Third-called
Fourth 4 ^ ' s will be received in payment at par, with an adjustment of accrued interest as of March 15,
1935, on the Third-called Fourth 4 ^ 's so received. The amount of the offering will be limited to the amount
of Third-called Fourth 4 ^ 's tendered and accepted. Fourth Liberty Loan bonds not included in the third
call for redemption on April 15, 1935, will not be accepted for exchange under this circular.2
DESCRIPTION OF BONDS
The bonds will be dated March 15, 1935, and will bear interest from that date at the rate of
two and seven-eighths percent per annum, payable semiannually, on September 15, 1935, and thereafter
on March 15 and September 15 in each year until the principal amount becomes payable. They will mature
March 15, 1960, but may be redeemed at the option of the United States on and after March 15, 1955, in
whole or in part, at par and accrued interest, on any interest day or days, on four 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.
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 the Second Liberty Bond Act, approved September 24, 1917, as
amended, the principal of which does not exceed in the aggregate $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.
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 will be subject to the general regulations of the Treasury Department, now or hereafter
prescribed, governing United States bonds.
1 Pursuant to the third call for partial redemption (see Department Circular No. 525, dated October 12, 1934) all outstanding Fourth
Liberty Loan 4% percent bonds of 1933-38 bearing serial numbers ending in 5, 6, or 7 (in the case of permanent coupon bonds preceded
by the distinguishing letter E, F, or G, respectively) have been called for redemption on April 15, 1935, on which date interest on such
bonds will cease.
2 First-called Fourth 4^4'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), Second-called Fourth 4^4's (which ceased to
bear interest on October 15, 1934) bear serial numbers ending in 2 or 8 (in the case of permanent coupon bonds preceded by the distinguishing letter B or H, respectively), and uncalled Fourth 4%'s bear serial numbers ending in 3 or 4 (in the case of permanent coupon
bonds preceded by the distinguishing letter C or D, respectively).




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. The Secretary of the Treasury reserves the right to close the books as to any or all subscriptions or classes of
subscriptions at any time without notice.
The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part, to
allot less than the amount of bonds applied for, to make allotments in full upon applications for smaller
amounts and to make reduced allotments upon, or to reject, applications for larger amounts, to make classified allotments or to make allotments upon a graduated scale, or to adopt any or all of said methods or such
other methods of allotment and classification of allotments as shall be deemed by him to be in the public
interest; and his action in any or all of these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment.
TERMS OF PAYMENT
Payment at par and accrued interest, if any, for bonds allotted hereunder must be made or completed
on or before March 15, 1935, or on later allotment, and may be made only in Third-called Fourth 41,4's,
which will be accepted at par with an adjustment of accrued interest thereon as of March 15, 1935, and
should accompany the subscription. If any subscription is rejected, in whole or in part, the Third-called
Fourth 41/4's tendered therewith and not accepted will be returned to the subscriber.
Coupon bonds.—Third-called Fourth 414 's in coupon form tendered in payment should have coupons
dated April 15, 1935, as 3well as all subsequent coupons attached, and accrued interest from October 15,
1934, to March 15, 1935, will be paid to the subscribers.
Registered bonds.—As checks for interest covering the full six months period from October 15, 1934,
to April 15, 1935, will be issued on April 15, 1935, to holders of record on March 15, 1935, of Third-called
Fourth 414's in registered form, tenders of such registered bonds hereunder must be accompanied by payment of an amount equal to the interest to accrue thereon from March 15 to April 15, 1935.4
SURRENDER OF THIRD-CALLED FOURTH 4 4 s ON EXCHANGE
^'

Coupon bonds.—Third-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 April 15, 1935, and all coupons
bearing dates subsequent to April 15, 1935, should be attached to such coupon bonds when surrendered,
and if any such coupons are missing, the application must be accompanied by cash payment equal to the
face amount of the missing coupons.5 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.—Third-called Fourth 414'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 Third-called Fourth 4%, 's surrendered, the assignment should be to " The Secretary
of the Treasury for exchange for Treasury bonds of 1955-60"; 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 1955-60 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 1955-60 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 Accrued interest at 4»,4 percent from October 15, 1934, to March 15, 1935, on $1,000 Third-called Fourth 4%'s (151 days) is
$17.6304945.
4 Interest from March 15 to April 15, 1935, on $1,000 Third-called Fourth 41/4's (31 days) is $3.6195055.
5 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 third call for partial redemption on April 15, 1935, will receive the past due interest from October 15, 1920,
if such bonds are tendered for exchange under this circular.




UNITED STATES OF AMERICA
1% PERCENT TREASURY NOTES OF SERIES A-1940
D a t e d a n d b e a r i n g i n t e r e s t from M a r c h 15, 1935
D u e M a r c h 15, 1940
I n t e r e s t p a y a b l e M a r c h 15 and S e p t e m b e r 15
O F F E R E D ONLY IN EXCHANGE FOR TREASURY NOTES O F SERIES C-1935
1935

Department Circular No. 532
Public Debt Service

TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY,
,„

, .

,

,,

. . _ - • „

Washington, March 4, 1935.

The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, approved
September 24, 1917, as amended, invites subscriptions, at par, from the people of the United States, for
one and five-eighths percent notes of the United States, designated Treasury notes of Series A-1940, in
payment of which only Treasury notes of Series C-1935, maturing March 15, 1935, may be tendered.
The amount of the offering will be limited to the amount of Treasury notes of Series C-1935 tendered
and accepted.
DESCRIPTION OF NOTES
The notes will be dated March 15, 1935, and will bear interest from that date at the rate of
one and five-eighths percent per annum, payable semiannually, on September 15, 1935, and thereafter on
March 15 and September 15 in each year. They will mature March 15, 1940, 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. The Secretary
of the Treasury reserves the right to close the books as to any or all subscriptions or classes of subscriptions at any time without notice.
The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part, to
allot less than the amount of notes applied for, to make allotments in full upon applications for smaller
amounts and to make reduced allotments upon, or to reject, applications for larger amounts, to make classified allotments or to make allotments upon a graduated scale, or to adopt any or all of said methods or such
other methods of allotment and classification of allotments as shall be deemed by him to be in the public
interest; and his action in any or all of these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment.
PAYMENT
Payment at par for notes allotted hereunder must be made or completed on or before March 15,
1935, or on later allotment, and may be made only in 2% percent Treasury notes of Series C-1935, maturing March 15, 1935, 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.
H E N R Y MORGENTHATJ, Jl?.r
Secretary of the Treasury.



It is requested by the
Treasury Department that
this placard be given prominent display.



To Holders of

THIRD-CALLED
FOURTH LIBERTY LOAN BONDS
Optional Exchange Offering
Public notice was given on October 12, 1934, that all outstanding Fourth Liberty Loan bonds (Fourth 4%'s) bearing serial
numbers ending with the digit 5, 6, or 7 are called for redemption on April 15, 1935, on which date interest on such called
bonds will cease.
For a limited period beginning March 4, 1935, holders of
such Fourth 4Vi's called for redemption on April 15, 1935, are
offered the privilege of exchanging all or any part of their called
bonds for a new issue of bonds of the United States, to be dated
March 15, 1935.
Holders of Third-called Fourth 4Vi's who desire to take advantage of this exchange offering should act promptly. If not so
exchanged, such called bonds should be presented for redemption
on April 15, 1935. No further exchange offering will be made
to the holders of these called Fourth 4Ws.
Full information concerning the optional exchange offering,
or the redemption of Third-called Fourth 41/i's on April 15,1935,
is contained in official circulars, which have been furnished the
banking institutions 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, March 4, 1935.




CONSULT YOUR BANK.

NR-FTB-R

ORIGINAL

NON-NEGOTIABLE RECEIPT
Issued to

_

Number.

_

Street

„.

Town

„

_

„

Date

State

Receipt is hereby acknowledged of $
par amount Third-called j j e ^ ^ r e d \ Fourth Liberty Loan 4*4% bonds of 1933-38
in exchange for United States of America 2% per cent Treasury Bonds of 1955-60 pursuant to the terras of Treasury Department Circular No. 531,
dated March 4, 1935.
FEDERAL RESERVE BANE or NEW YOBK

Fiscal Agent of the United States.
Your letter dated....

Teller

No.

NOTICE : If United States of America Treasury Bonds of 1955-60 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 EESEEVE BANK OP NEW YORK,

Date

Fiscal Agent of the United States,
New York, N. Y.

You are hereby authorized to deliver to

„

whose signature appear!
(Name of Representative)

below $
par amount United States of America 2% per cent Treasury Bonds of 1955-60 for which the undersigned by exchange
subscription has surrendered to you Third-called Fourth Liberty Loan 4% per cent bonds of 1933-38 pursuant to the provisions of Treasury
Department Circular No. 531, dated March 4, 1935.
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 Third-called j r e ^^?°ed I Fourth Liberty Loan 4*4% bonds of 1933-38
in exchange for United States of America 2% per cent Treasury Bonds of 1955-60 pursuant to the terms of Treasury Department Circular No. 531,
dated March 4, 1935.
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

Date
State

Receipt is hereby acknowledged of $
par amount Third-called i reHstered 1 F o u r t h Liberty Loan 4*4% bonds of 1933-38
in exchange for United States of America 2% per cent Treasury Bonds of 1955-60 pursuant to the terms of Treasury Department Circular No. 531,
dated March 4, 1935.
FEDERAL EESERVE BANK OP NEW YORK

Fiscal Agent of the United States.
Your letter dated




No.

Teller

NR-EX-N

ORIGINAL

NON-NEGOTIABLE RECEIPT
Issued to

„

Street

_

„

Town

Number
„

_

_

Date

State

Subject to examination and count, receipt is hereby acknowledged of $
par amount United States of America 2y2 per
cent Treasury Notes of Series C-1935 in exchange for United States of America 1% per cent Treasury Notes of Series A-1940 pursuant to the terms
of Treasury Department Circular No. 532, dated March 4, 1935.
FEDERAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.

Refer to your letter dated

Teller

No.

NOTICE: If I'nitcd States of America l^is per cent Treasury Notes of Series A-1940 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 BANE 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 1% per cent Treasury Notes of Series A-194Q for which the undersigned by
exchange subscription has surrendered to United States of America 2% per cent Treasury Notes of Series C-1935 pursuant to the terms of Treasury
Department Circular No. 532, dated March 4, 1935.
Name.
(Please Print)

(Official Signature Required)

(Signature of Authorized Representative)

TRIPLICATE

FILE COPY
Issued to

Number.

Street
Town

Date
_

_

State.

Subject to examination and count, receipt is hereby acknowledged of $
par amount United States of America 2% per
cent Treasury Notes of Series C-1935 in exchange for United States of America 1% per cent Treasury Notes of Series A-1940 pursuant to the terms
of Treasury Department Circular No. 532, dated March .4, 1935.
FEDERAL RESERVE BANK or NEW YORK

Fiscal Agent of the United States.
Refer to your letter dated




No.

Teller

UPLJCATE

PENDING DELIVERY TICKET
Issued to

Number

Street
Town

Date
_

_
_

State

Subject to examination and count, receipt is hereby acknowledged of $
par amount United States of America 2% per
cent Treasury Notes of Series C-1935 in exchange for United States of America 1% per cent Treasury Notes of Series A-1940 pursuant to the terms
of Treasury Department Circular No. 532, dated March 4, 1935.
FEDERAL RESERVE BANK or NEW YORK

Fiscal Agent of the United States.
Refer to your letter dated




No.

Teller

ORIGINAL

NR-FTB

NON-NEGOTIABLE RECEIPT
tssued to

Number

8treet

Date

Town

_

_

State

Subject to examination and count, receipt is hereby acknowledged of $
par amount Third-called j r e ^ g ^ e d \
Liberty Loan 4*4% bonds of 1933-38 in exchange for United States of America 2% per cent Treasury Bonds of 1955-60 pursuant to the terms of
Treasury Department Circular No. 531, dated March 4, 1935.
FEDEEAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Your letter dated

No

Teller

NOTICE: If United States of America Treasury Bonds of 1955-60 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 RESERVE BANK or NEW YORK,

Date

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 2% per cent Treasury Bonds of 1955-60 for which the undersigned by exchange
subscription has surrendered to you Third-called Fourth Liberty Loan 4% per cent bonds of 1933-38 pursuant to the terms of Treasury
Department Circular No. 531, dated March 4, 1935.
Name
_
_
(Please Print)
(Signature of Authorized Representative)

(Official Signature Required)

TRIPLICATE

FILE COPY
Issued to
Street

Number
_

Town

Date
State

Subject to examination and count, receipt is hereby acknowledged of $

„

par amount Third-called

{ coupon ) Fourth
( registered j
Liberty Loan 4%% bonds of 1933-38 in exchange for United States of America 2% per cent Treasury Bonds of 1955-60 pursuant to the terms of
Treasury Department Circular No. 531, dated March 4, 1935.
r

FEDERAL EESERVE BANK or NEW YORK

Fiscal Agent of the United State*.
Your letter dated




No

Teller

DUPLICATE

PENDING DELIVERY TICKET
Issued to

„

_

Street
Town

Number

_
_

Date
State

„

„

_

_

Subject to examination and count, receipt is hereby acknowledged of $

par amount Third-called

<
< re ^i g |i re fl \ Fourth

Liberty Loan 4%% bonds of 1933-38 in exchange for United States of America 2% per cent Treasury Bonds of 1955-60 pursuant to the terms of
Treasury Department Circular No. 531, dated March 4, 1935.
FEDERAL RESERVE BANK OF NEW YORK

Fiscal Agent of the United States.
Your letter dated




No

Teller

COUPON BOND EXCHANGE SUBSCRIPTION
This Form Should Be Used When Third-Called Fourth Liberty Loan
414 per cent Coupon Bonds of 1933-38, Called for Payment on April
15, 1935, Are Tendered in Payment for Treasury Bonds to Be Allotted
on Subscriptions

FOR UNITED STATES OF AMERICA 2 % PER CENT TREASURY BONDS OF 1955-60
Dated March 15, 1935

Due March 15, 1960

NOTE:
Third-called Fourth Liberty Loan 4 } i % coupon bonds of 1933-38, which were called for redemption on April 15, 1935,
bear serial numbers, the final digit of which is 5, 6, or 7 (such serial numbers in the case of permanent coupon bond* being
prefixed by the corresponding distinguishing letter E, F, or G, respectively).
Coupon Third-called Fourth 4 M 's tendered in exchange must be presented and surrendered with this exchange subscription,
except that if payment is to be made by coupon Third-called 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 coupon Third-called Fourth 4%'• presented and
surrendered, the required necessary instructions must be given in spaces provided on the reverse side^ of this form.
Third-called Fourth 4M'« in coupon form tendered in payment should have coupons dated April 15, 1935, as well as all
subsequent coupons attached, and accrued interest from October 15, 1934, to March 15, 1935, will be paid to the subscribers.
Accrued interest at 4M percent from October 15, 1934, to March 15, 1935, on $1,000 Third-called Fourth 4&'s (151 days)
is $17.6304945.
Subscriptions for which coupon Third-called Fourth 4M'« a re tendered in payment and accepted will be allotted in full.

Dated at
1935

FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS .-

Pursuant to the provisions of Treasury Department Circular No. 531, dated March 4, 1935, the undersigned tenders
herewith in exchange for United States of America 2% per cent Treasury bonds of 1955-60, Third-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

I-

Issue Treasury securities allotted on this subscription as indicated below:
"Indicate by X mark"
and nse a separate
form when coupon or
registered Treasury
securities of this series
___ are desired in exchange. _ _

In coupon form

THIRD-CALLED FOTJBTH LIBEBTY LOAN COUPON BONDS TBNDEBED
IN EXCHANGE

Number of Pieces

Par Amount

Denominations

ISSUE TRBASUBY SECUBITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOTTWO DaNownrATioas

Number of Pieces

Par Amount

Denominations

$50

100

500

500

1,000

1,000

5,000

5,000

10,000

Leave thia Space Blank

$50

100

10,000

=

XX

In registered form

XX

X X X

XX

XXX

XX

XX

X X X

XX

X XX X

XX

100,000

100,000

i

Total

Total

par value

In payment of Treasury securities allotted on this subscription you are authorized to apply
coupon Third-called Fourth 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..

•
•

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.

$.

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.

' Before Signing Fill in All Required Spaces

TO SUBSCRIBER:
Mark (X) in proper space to indicate if this is:

(Please print)

Original subscription

Q] Sign here

Confirmation of a telegram

[Jl

Confirmation of a letter

•

(Official signature required)

Street Address
Town

ajid

gtate

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 ...

DEUVEBY RECEIPT

Checked

Delivered



Received from the FEDERAL RESERVE BANK OF NBTV Yoax the above described

United States of America Treasury Bonds.

Date

By

SCHEDULE FOR ISSUE OF REGISTERED BONDS
NOTE SW*

Names and Addresses must be printed or typewritten.
Indicate Under Appropriate Denominations, Number of Bonds Desired.

Name In Which Bonds Shall Be Registered, and PostOffice Address For Interest Checks and Mail.




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 Third-Called Fourth Liberty Loan
4*4 per cent Registered Bonds of 1933-38, Called for Payment on
April 15, 1935, Are Tendered in Payment for Treasury Bonds to Be
Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 2% PER CENT TREASURY BONDS OF 1955-60
Dated March 15, 1935

Due March 15, 1960

NOTE:
Third-called Fourth Liberty Loan 4}4 % registered bonds of 1933-38, which were called for redemption on April IS, 1935,
bear serial numbers, the final digit of which is 5, 6, or 7.
Registered Third-called Fourth 4J4's tendered in exchange must be presented and surrendered with this exchange subscription, except that if payment is to be made by registered Third-called Fourth 4^4's 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 registered Third-called Fourth 4}4'« presented
and surrendered, the required necessary instructions must be given in spaces provided on the reverse side of this form.
As checks for interest covering the full six months period from October 15, 1934, to April 15, 1935, will be issued on
April 15, 1935, to holders of record on March 15, 1935, of Third-called Fourth 4^4's in registered form, tenders of such
registered bonds hereunder must be accompanied by payment of an amount equal to the interest to accrue thereon from March
15 to April 15, 1935. Interest from March 15 to April 15, 1935,on $1,000Third-called Fourth4^4's (31 days) is $3.6195055.
Subscriptions for which registered Third-called Fourth 4 M'» a" tendered in payment and accepted will be allotted in full.
*®

Dated at
FEDERAL RESERVE BANK OP NEW YORK,

1935

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS :

Pursuant to the provisions of Treasury Department Circular No. 531, dated March 4, 1935, 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 bonds of 1955-60, registered Third-called 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"
and use a separate
form when coupon or
registered Treasury
securities of this series
are desired in exchange.

In coupon form

THIRD-CALLED FOUBTH LIBERTY LOAN REGISTERED BONDS TENDERED
IN EXCHANGE

Number of Pieces

Par Amount

Denominations
$

In registered form

ISSUE TBEASUBT SECUBITIBS ALLOTTED ON THIS SUBSCRIPTION IN THH FOLLOWINO DENOMINATIONS

Number of Pieces

Denominations

50

100

500

500

1,000

1,000

5,000

5,000

10,000

Leare this Space Blank

$50

100

Par Amount

10,000

50,000

X X

100,000

X 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 $
par valne
registered Third-called Fourth 4 ^ 8 now held by you for our account.
Payment for adjustment of interest on exchange of registered bonds surrendered herewith is made as follows:
By check herewith
Q
Charge our account
Q
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.

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 $.
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:

Before Signing Fill in All Bequired Spaces

TO SUBSCRIBER:

Name:

Mark (X) in proper space to indicate if this is:

(Please print)

Sign here

Original subscription

(Official signature required)

Street Address

Confirmation of a telegram
Confirmation of a letter

•

Town and State-

Spaces below are for the use of the Federal Reserve Bank of New York
EECEIPT

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 8^"*
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

$100,0

1
m

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

EXCHANGE SUBSCRIPTION
This Form Should Be Used When United States of America 2% Per Cent
Treasury Notes of Series C-1935 Maturing March 15, 1935 Are Tendered in
Payment for Treasury Notes to Be Allotted on Subscriptions

FOR 1% PER CENT TREASURY NOTES, SERIES A-1940
Dated March 15, 1935

Due March 15, 1940

Note:
United States of America 2}& per cent Treasury notes of Series C-1935, tendered in exchange should be presented and
surrendered with this exchange subscription, except that if payment is to be made by such notes 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 notes of Series C-1935 are tendered in payment and accepted will be allotted in full.
Interest decimal on coupon payable September 15,1935 (184 day period) one day's interest on $1,000. is $.044157609

Dated at
.1935
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
DEAR SIRS :

Pursuant to the provisions of Treasury Department Circular No. 532, dated March 4, 1935, the undersigned tenders
herewith in exchange for United States of America 1% per cent Treasury notes, Series A-1940, United States of America
21/2 per cent Treasury notes of Series C-1935 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:
ISSUE TBEASURT SECUKITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS

Treasury Notes of Series C-1935 Tendered in Exchange
Number of Pieces
X X

X X

Number of Pieces

Par Amount

Denominations
X

X X

X X

X X

X X

Leave this Space Blank

X

X X

XX

XXX X

X

X X

X X

XXX X

$100

$100
•

500

500

1,000

1,000

5,000

5,000

10,000
X X

Par Amount

Denominations

10,000
X

X X X

X X

X X

X X

X Xf|X

100,000

100,000

Total

Total

In payment of Treasury securities allotted on this subscription you are authorized to apply $
Treasury notes of Series C-1935 now held by you for our account.

par value

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:

k

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 Required Spaces

TO SUBSCRIBER:

Name

Mark (X) in proper space to indicate if this is:

(Please print)

Original subscription

Q

Confirmation of a telegram

Q

Confirmation of a letter

Q

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

Received

DELIVERY

.

DELIVERY RECEIPT

Released
Received from the FEDERAL RESERVE BANK OF N E W YORK the above described

Taken from vault .

Checked
Recorded
Acknowledged

.

United States of America Treasury notes.

Counted
Checked

Delivered



Date

By

-list of customers' applications included in the foregoing subscription
entered and certified by
(Name of bank or trust company)
Post once address.

Name of Customer




Address

State.

Amount Subscribed