2 Percent Treasury Notes of Series C-1939

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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent of the United States
T Circular No. 1 5 8 4 "|
September 371935 J

Offering of United States of America 2% Percent Treasury Bonds of 1945-47
Dated and bearing interest from September 16,1935
Due September 15, 1947
Redeemable at the option of the United States at par and accrued interest on and after September 15, 1945
Interest payable March 15 and September 15
OFFERED ONLY IN EXCHANGE FOR FOURTH-CALLED FOURTH LIBERTY LOAN BONDS
(The amount of the offering will be limited to the amount of Fourth-called Fourth 41/4's tendered and accepted.)

Offering of United States of America IV2 Percent Treasury Notes of Series C-1939
Dated and bearing interest from September 16,1935
Due March 15, 1939
Interest payable March 15 and September 15
OFFERED FOR CASH AND IN EXCHANGE FOR FOURTH-CALLED FOURTH LIBERTY LOAN BONDS
(The amount of the issue for cash will be $500,000,000, or thereabouts. The amount of the issue upon exchange subscriptions
will be limited to the amount of Fourth-called Fourth 41/4's tendered and accepted.)

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

Secretary of the Treasury Morgenthau today announced an offering of 2% percent Treasury bonds of 1945-47 in exchange for Fourth-called Fourth Liberty Loan bonds called for
redemption on October 15,1935, and an offering of V/2 percent Treasury notes of Series C-1939,
for cash and in exchange for Fourth-called Fourth Liberty Loan bonds called for redemption
on October 15, 1935. The terms of these offerings are set forth respectively in Treasury Department circulars Nos. 550 and 551 dated September 3, 1935, copies of which are printed on
the following pages.
It will be noted from these Treasury circulars that, on all exchanges, interest on Fourthcalled Fourth 4^4's will be paid in full to October 15, 1935, on which date interest on all
Fourth-called Fourth 4*4 's will cease.
It will be noted from Treasury circular No. 550 that Fourth-called Fourth 4*4's will
be received on exchange at par, and 2% percent Treasury bonds of 1945-47 will be issued
at par, with the right reserved by the Secretary of the Treasury to increase the issue price by
public announcement effective as to subscriptions tendered after the time, not earlier than
September 10, 1935, fixed in the announcement.
With respect to the offering of l1/^ percent Treasury notes of Series C-1939 it will also
be noted from Treasury circular No. 551 that cash subscriptions from incorporated banks and
trust companies for their own account will be received without deposit but will be restricted
in each case to an amount not exceeding one-half of the combined capital and surplus of the
subscribing bank or trust company, and that cash subscriptions from all others must be accompanied, if for more than $5,000, by payment of $5,000 or 5 percent of the amount of notes
applied for, whichever is the greater; and, if for $5,000 or less, by payment in full.
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.

GEOEGE L. HARRISON,

Governor.

UNITED STATES OF AMERICA
2% PERCENT TREASURY BONDS OF 1945-47
Dated and bearing interest from September 16, 1935.

Due September 15, 1947

Redeemable at the option of the United States at par and accrued interest on and after September 15, 1945
Interest payable March 15 and September 15
OFFERED ONLY IN EXCHANGE FOR FOURTH-CALLED FOURTH LIBERTY LOAN BONDS
* 935 ,

TREASURY DEPARTMENT,

Department Circular No. 550
Public Debt Service

OFFICE OF THE SECRETARY,

Washington, September 3, 1935.

I. EXCHANGE OFFERING OF BONDS
1. 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 2% percent bonds of the United States, designated Treasury bonds of 1945-47,
in payment of which only Fourth Liberty Loan 4*4 percent Bonds of 1933-38 included in the fourth and
final call for redemption on October 15, 1935 (hereinafter referred to as Fourth-called Fourth 4V4'S) m a v
be tendered.1 The amount of the offering will be limited to the amount of Fourth-called Fourth 414 's
tendered and accepted. Fourth Liberty Loan bonds not included in the fourth and final call for redemption on October 15, 1935, all of which have previously been called for redemption and on which interest
has ceased, will not be accepted for exchange under this circular.
2. Fourth-called Fourth 4*4 's will be received on exchange at par, and 2% percent Treasury bonds
of 1945-47 will be issued at par, with the right reserved by the Secretary of the Treasury to increase the
issue price by public announcement effective as to subscriptions tendered after the time, not earlier than
September 10, 1935, fixed in the announcement.
3. In addition to the exchange offering under this circular, holders of Fourth-called Fourth 4*4 's
are offered the privilege of exchanging all or any part of such called bonds for 3!/2 year 1*4 percent
Treasury notes of series C-1939, which offering is set forth in Department Circular No. 551, issued simultaneously with this circular.
II. DESCRIPTION OF BONDS
1. The bonds will be dated September 16, 1935, and will bear interest from that date at the rate
of 2% percent per annum, payable on a semiannual basis on March 15 and September 15 in each year
until the principal amount becomes payable. They will mature September 15, 1947, but may be redeemed
at the option of the United States on and after September 15, 1945, 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.
2. 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, or gift 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.
3. The bonds will be acceptable to secure deposits of public moneys, but will not bear the circulation
privilege and will not be entitled to any privilege of conversion.
4. 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.
5. The bonds will be subject to the general regulations of the Treasury Department, now or hereafter prescribed, governing United States bonds.
l Pursuant to the fourth and final call for redemption (see Department Circular No. 539, dated May 13, 1935) all outstanding Fourth
Liberty Loan 4% percent Bonds of 1933-38 bearing serial numbers ending in 3 or 4 (in the case of permanent coupon bonds preceded by
the distinguishing letter C or D, respectively) have been called for redemption on October 15, 1935, on which date interest on such bonds
will cease.

III. SUBSCRIPTION AND ALLOTMENT
1. Subscriptions will be received at the Federal reserve banks and branches and at the Treasury
Department, Washington. Banking institutions generally will handle applications for subscribers, but only
the Federal reserve banks and the Treasury Department are authorized to act as official agencies.
2. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part,
and to close the books as to any or all subscriptions at any time without notice; and any action he may take
in these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full.
Allotment notices will be sent out promptly upon allotment.
IV. TERMS OF PAYMENT AND ISSUE
1. Treasury bonds offered under this circular will be issued at par, or at such increased issue
price as may be fixed by public announcement in the case of bonds issued upon subscriptions tendered
to a Federal reserve bank or branch or to the Treasury Department after the time stated in the announcement. The effective time for any increase which may be made in the issue price will be after the date of
the announcement and in no event earlier than September 10, 1935. Any such announcement fixing an
increase in the issue price and the time when such increase becomes effective will be communicated
promptly to the Federal reserve banks. Payment for any bonds allotted under this circular may be made
only in Fourth-called Fourth 4^4's, which will be accepted at par, provided that payment of the premium
by reason of any increase in the issue price shall be made in cash or other immediately available funds.
The bonds tendered in payment, and the premium, if any, should accompany the subscription.
2. On all exchanges, interest on Fourth-called Fourth 41/4's will be paid in full to October 15,
1935, on which date interest on all Fourth-called Fourth 41/4's will cease. Such payments will be made,
in the case of coupon bonds, through payment of coupons dated October 15, 1935, when due, which
coupons should be detached by holders before presentation of the bonds for exchange, and, in the case of
registered bonds, through the issue of interest checks for final interest due October 15, 1935, in accordance
with the assignments on the bonds surrendered.
V. SURRENDER OF FOURTH-CALLED FOURTH 4J4'S ON EXCHANGE
1. Coupon bonds.—Fourth-called Fourth 41/4's in coupon form tendered in exchange for Treasury
bonds offered hereunder, should be presented and surrendered with the subscription to a Federal reserve
bank or to the Treasurer of the United States. Coupons dated April 15, 1936, and all coupons bearing
dates subsequent to April 15, 1936, should be attached to such coupon bonds when surrendered, and if
any such coupons are missing, the subscription must be accompanied by cash payment equal to the face
amount of the missing coupons.2 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.
2. Registered bonds.—Fourth-called Fourth 4*4's in registered form tendered in exchange for
Treasury bonds offered hereunder should be assigned by the registered payee or the assignee 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 subscription 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 Fourth-called Fourth 41/4's surrendered, the assignment should be to "The Secretary of the Treasury for exchange for Treasury Bonds of 1945-47"; 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 1945-47 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 1945-47 in coupon form to be delivered to
".
VI. GENERAL PROVISIONS
1. As fiscal agents of the United States, Federal reserve banks are authorized and requested to
receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary
of the Treasury to the Federal reserve banks of the respective districts, to issue 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.
2. 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, JR.,
Secretary of the Treasury.
2 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 fourth and final call for redemption on October 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
iy2 PERCENT TREASURY NOTES OF SERIES C-1939
D a t e d a n d bearing interest from September 16, 1935
D u e M a r c h 15, 1939
I n t e r e s t payable M a r c h 15, a n d September 15
O F F E R E D F O R CASH AND IN EXCHANGE FOR FOURTH-CALLED FOURTH LIBERTY LOAN BONDS
1935

TEEASURY DEPARTMENT,

Department Circular No. 551
O F F I C E OF T H E SECRETARY,

Public Debt service

Washington, September 3, 1935.

I. OFFERING OF NOTES
1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act,
approved September 24, 1917, as amended, invites subscriptions from the people of the United States, for
1V2 percent notes of the United States, designated Treasury Notes of Series C-1939.
2. Cash subscriptions are invited at par and accrued interest. The amount of the issue for cash will
be $500,000,000, or thereabouts.
3. Exchange subscriptions, in payment of which only Fourth Liberty Loan 4*4 percent bonds of
1933-38 included in the fourth and final call for redemption on October 15, 1935 (hereinafter referred to
as Fourth-called Fourth 4*4 's) may be tendered, are invited at par.1 The amount of the issue upon
exchange subscriptions will be limited to the amount of Fourth-called Fourth ^/i 's tendered and accepted.
Fourth Liberty Loan bonds not included in the fourth and final call for redemption on October 15, 1935,
all of which have previously been called for redemption and on which interest has ceased, will not be
accepted for exchange under this circular.
4. In addition to the exchange offering under this circular, holders of Fourth-called Fourth 444 's
are offered the privilege of exchanging all or any part of such called bonds for 10-12 year 2% percent
Treasury Bonds of 1945-47, which offering is set forth in Department Circular No. 550, issued simultaneously with this circular.
II. DESCRIPTION OF NOTES
1. The notes will be dated September 16, 1935, and will bear interest from that date at the rate of
1Y2 percent per annum, payable on a semiannual basis on March 15 and September 15 in each year. They
will mature March 15, 1939, and will not be subject to call for redemption prior to maturity.
2. The notes shall be exempt, both as to principal and interest, from all taxation (except estate or
inheritance taxes, or gift 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.
3. 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.
4. The notes will be acceptable to secure deposits of public moneys, but will not bear the circulation
privilege.
5. Bearer notes with interest coupons attached will be issued in denominations of $50, $100, $500,
$1,000, $5,000, $10,000 and $100,000. The notes will not be issued in registered form.
III. SUBSCRIPTION AND ALLOTMENT
1. Subscriptions will be received at the Federal reserve banks and branches and at the Treasury
Department, Washington. Banking institutions generally will handle applications for subscribers, but only
the Federal reserve banks and the Treasury Department are authorized to act as official agencies. Cash
subscriptions from incorporated banks and trust companies for their own account will be received without
deposit but will be restricted in each case to an amount not exceeding one-half of the combined capital and
surplus of the subscribing bank or trust company. Cash subscriptions from all others must be accompanied, if for more than $5,000, by payment of $5,000 or 5 percent of the amount of notes applied for,
whichever is the greater; and, if for $5,000 or less, by payment in full. 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.
l Pursuant to the fourth
Liberty Loan 4 %A percen
the distinguishing letter
bonds will cease.

2. The Secretary of the Treasury reserves the right to reject any subscription, in whole or in part,
to allot less than the amount of notes applied for, to make allotments in full upon applications for smaller
amounts and to make reduced allotments upon, or to reject, applications for larger amounts, 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, cash subscriptions for amounts up to and including $5,000 will be given preferred allotment, and cash subscriptions for amounts over $5,000 will be allotted on an equal percentage
basis, but not less than the maximum preferred allotment; and exchange subscriptions will be allotted in
full. Allotment notices will be sent out promptly upon allotment, and the basis of the allotment will be
publicly announced.
IV. TERMS OF PAYMENT AND ISSUE
1. Cash subscriptians.—Payment at par and accrued interest, if any, for notes allotted on cash
subscriptions must be made or completed on or before September 16, 1935, or on later allotment. In
every case where payment is not so completed, the payment with application up to 5 percent of the amount
of notes applied for shall, upon declaration made by the Secretary of the Treasury in his discretion, be
forfeited to the United States. Any qualified depositary will be permitted to make payment by credit
for notes allotted to it for itself and its customers up to any amount for which it shall be qualified in
excess of existing deposits, when so notified by the Federal reserve bank of its district.
2. Exchange subscriptions.—Payment for notes allotted on exchange subscriptions may be made
only in Fourth-called Fourth 41/4 's, which will be accepted at par, and should accompany the subscription.
On all exchanges, interest on Fourth-called Fourth 4*4 's will be paid in full to October 15, 1935, on
which date interest on all Fourth-called Fourth 41/4 's will cease. Such payments will be made, in the case
of coupon bonds, through payment of coupons dated October 15, 1935, when due, which coupons should
be detached by holders before presentation of the bonds for exchange, and, in the case of registered
bonds, through the issue of interest checks for final interest due October 15, 1935, in accordance with the
assignments on the bonds surrendered.

V. SURRENDER OF FOURTH-CALLED FOURTH 4^'S ON EXCHANGE
1. Coupon bonds.—Fourth-called Fourth 41/4's in coupon form tendered in exchange for Treasury
notes offered hereunder, should be presented and surrendered with the subscription to a Federal reserve
bank or to the Treasurer of the United States. Coupons dated April 15, 1936, and all coupons bearing
dates subsequent to April 15, 1936, should be attached to such coupon bonds when surrendered, and if
any such coupons are missing, the subscription must be accompanied by cash payment equal to the face
amount of the missing coupons.2 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.
2. Registered bonds.—Fourth-called Fourth 41/4's in registered form tendered in exchange for
Treasury notes offered hereunder should be assigned by the registered payee or the assignee thereof to
"The Secretary of the Treasury for exchange for Treasury Notes of Series C-1939", 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 subscription to a Federal reserve bank or
to the Treasury Department, Division of Loans and Currency, Washington. If the Treasury notes are
to be delivered for the account of other than the registered payee or the assignee thereof, the assignment should be to "The Secretary of the Treasury for exchange for Treasury Notes of Series C-1939
to be delivered to
". The bonds must be delivered at the expense and risk of
the holder.
VI. GENERAL PROVISIONS
1. As fiscal agents of the United States, Federal reserve banks are authorized and requested to
receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of
the Treasury to the Federal reserve banks of the respective districts, to issue 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.
2. 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.

'£ 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 fourth and final call for redemption on October 15, 1935, will receive the past due interest from October 15,
1920, if such bonds are tendered for exchange under this circular.

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

To Holders of

FOURTH-CALLED
FOURTH LIBERTY LOAN BONDS
Optional Exchange Offerings
All outstanding Fourth Liberty Loan bonds (Fourth
bearing serial numbers ending with the digit 3 or 4, on April 13,
1935 were called for redemption on October 15,1935, on which
date interest on such called bonds will cease.
Owners of such Fourth 4Vi's called for redemption on
October 15, 1935, are now offered the privilege, for a limited
period, of exchanging all or any part of their called bonds either
for 10-12 year 23/4 percent Treasury bonds of 1945-47, or for
3a/2 year IV2 percent Treasury notes of Series C-1939.
Any such owners who desire to exchange their called bonds
should consult their bank at once, or address any Federal reserve
bank or branch or the Treasury Department, Washington, D. C,
and arrange the exchange as promptly as possible. Otherwise
the called bonds should be presented for redemption on October
15, 1935.
HENRY MORGENTHAU, JR.,
Secretary of the Treasury
TREASURY DEPARTMENT,
Washington, September 3, 1935.

Consult the Bank Where This Notice is Displayed

Lot Number

FEDERAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to United States Government Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1935

Referring to your subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES C-1939
DATED SEPTEMBER 16, 1935, DUE MARCH 15, 1939

for which you have applied under the provisions of the Treasury Department's circular containing the offering of such
securities for subscription, you have been allotted by the Secretary of the Treasury
$

of the amount applied for.

IMPORTANT INFORMATION FOR SUBSCRIBER
1. To expedite delivery of the securities of this issue allotted to subscriber and to facilitate prompt completion of
this transaction, please observe the following directions, and fill in, sign, and return immediately the attached letter of
instructions to the Federal Reserve Bank of New York, Fiscal Agent of the United States, New York, N. Y.
Payment by Check, Cash, Charge or Credit
2. On or before the date of this issue payment must be made or completed at par, or at par and accrued interest if
payment is to be made after the date of this issue, for the securities allotted to subscriber as stated above, and payment
therefor may be made by check, cash, charge, or credit, as follows:
By Check— A cheek tendered in payment should be made payable to the order of the FEDERAL RESERVE BANK OF NEW YORK,
FISCAL AGENT OF THE UNITED STATES, and the proceeds thereof must be immediately available on the date that payment is due,
but such check need not necessarily accompany the attached letter of instructions. The proceeds of a check tendered in payment by
subscriber on the date of this issue, drawn on the Federal Eeserve Bank of New York, will be immediately available on the date of this
issue. Should a subscriber wish to make payment by certified cheek on any other bank the securities can not be delivered until the
Federal Reserve Bank of New York, fiscal agent of the United States, receives the proceeds of such check, and, therefore, such subscriber
should tender such certified check at least 2 days prior to the date payment is due if he wishes delivery of the securities on the
date of this issue.
By Cash—Payment may be made in cash.
By Charge— A member bank may make payment by requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.
By Credit—(a) If subscriber is a depositary of public moneys qualified under the provisions of Treasury Department Circular No. 92, dated
February 23, 1932, as amended, with respect to special deposits of public moneys under the Act of Congress approved September 24, 1917,
as amended, subscriber will be permitted to make payment by credit in the War Loan Deposit Account for securities of this issue allotted
to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits. Securities of this issue
allotted to subscriber, for which such payment by eredit is made, will be held by the Federal Eeserve Bank of New York as fiscal agent
of the United States as collateral security for deposits in the War Loan Deposit Account until other acceptable securities are pledged or
substituted by subscriber as required by this bank.
(b) Securities of this issue allotted to a qualified depositary for its own account may be pledged with Federal Eeserve Bank of New York
as collateral security for deposits in the War Loan Deposit Account. Securities of this issue allotted to a qualified depositary for account of
its customers may not be pledged as such collateral security without the written consent of the owners of such securities.

Delivery
3. (a) Delivery of the securities of this issue allotted on cash subscriptions will not be made at the Federal Reserve
Bank of New York at its head office in Xew York, N. Y., before the issue date.
(b) Securities of this issue allotted to subscriber will be delivered over the counter to a representative of the
subscriber only when a letter of authority signed officially by the subscriber identifying such representative is presented
by him.
Further Instructions
•A. (a) Securities of this issue will be held for safekeeping by, or delivered to the Discount Department of, the Federal
Reserve Bank of New York for the account of member banks only, provided such securities are the sole property of the
member bank.
(b) It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to
this bank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OF NEW YORK.

Fiscal Agent of the United States

Checked by
XA-X

Application Number

''EDEKAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

PENDING DELIVERY TICKET
On Cash Subscription to United States Government Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1935

Referring to your subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES C-1939
DATED SEPTEMBER 16, 1935, DUE MARCH 15, 1939

of the amount applied for.

Lot Number

Application Number

LETTER OF INSTRUCTIONS

To FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1935

Referring to our subscription, numbered as above indicated, for $

(par value)

UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES C-1939
DATED SEPTEMBER 16, 1935, DUE MARCH 15, 1939

for which we applied under the provisions of the Treasury Department's circular containing the offering of such
securities for subscription, we have received your notice of allotment stating that we have been allotted by the Secretary
of the Treasury
of the amount applied for.
As requested we are sending you the following instructions:
Payment for the securities of this issue allotted to us will be made or completed as indicated below.
By check

By cash
By charge to our reserve account
By credit to War Loan Deposit Account as shown in the following ' ' Certificate of Advice'':
(To be executed only when subscriber is making payment through War Loan Deposit Account.)

CERTIFICATE OF ADVICE
September 16, 1935.
I HEREBY CERTIFY that there has been deposited this day with the above bank or trust company, to the credit of the
Federal Reserve Bank of New York, as fiscal agent of the United States, War Loan Deposit Account, to be held subject
to withdrawal on demand through the Federal Reserve Bank of New York, the
sum of

Dollars, $
Cashier or Vice-President.

ISSUE IN THE FOLLOWING
DENOMINATIONS THE SECURITIES OF
THIS ISSUE ALLOTTED TO US

Pieces

Denominations

HOLD OR DISPOSE OF SUCH SECURITIES IN THE
AMOUNTS AND AS INDICATED BELOW

(LEAVE BLANK)

Par Amount

Numbers

Deliver over counter

$50

Hold for safekeeping (for members only)

100

Deliver to your Discount Department
W E HEREBY CERTIFY that such securities as you are
instructed, as indicated above, to hold for safekeeping or
to deliver to your Discount Department are the sole property of the below-named bank or trust company.

500
1,000

Hold as collateral security for War Loan Deposit
Account

5,000

W E HEREBY CERTIFY that such securities as are hereby
pledged to secure the War Loan Deposit Account, as indicated above, are either the sole property of the belownamed bank or trust company or are the property of its
customers who have consented in writing to such pledge.

10,000
100,000
Total

Ship definitive securities to us

Further Special Instructions From Subscriber Respecting Delivery
DELIVER SECURITIES OF THIS ISSUE
ALLOTTED TO US TO BELOW-NAMED

Against
Payment of

Par Amount

DISPOSE OF SUCH PAYMENT AS FOLLOWS

Credit Oux Reserve Account

Credit for our account the following bank

Name
To expedite delivery of the securities of the above issue
allotted to subscriber and to facilitate prompt completion of this transaction, please fill in all required spaces,
sign in the space provided here and return this letter
of instructions immediately to

Post Office Address.
State.

Federal Reserve Bank of New York,
Fiscal Agent of the United St<ttes.

Official signature required
DO NOT USE SPACES BELOW

Paid Stamp

Eeleased

Received from FEDERAL RESERVE BANK OF NEW YORK the above described

Taken from Vault
Counted

Delivery Receipt

Amount-

United States Government obligations allotted in the amount indicated above.
Subscriber.

Checked
Delivered

http://fraser.stlouisfed.org/
\-x Reserve Bank of St. Louis
Federal

Bv-

Date.

By.

NR-N1.

ORIGINAL

NON-NEGOTIABLE RECEIPT
Number.

Issued to
Street

„

Date

Town

State.

Eeceipt is hereby acknowledged of $
_
par amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
Bonds in exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department
Circular No. 550, dated September 3, 1935.
FEDERAL EESEEVE BANK or NEW YORK

Date received

Fiscal Agent of the United States.

Mail Sheet No.

Eefer to your letter dated

No.

Teller.

Notice: If the new securities are to be delivered at the Federal Eeserve
Bank of New York over the counter to your representative the
following authority should be executed.

DELIVERY RECEIPT

You are hereby authorized to deliver to

Eeceived from the FEDERAL EESERVE BANK OP NEW YORK

(Name of Representative)

securities of the above par value in exchange for those surrendered.

whose signature appears below $
par amount
of securities issued in exchange for those above described.
Name
(Please Print)
By.
(Official Signature Required)

Date.
(Signature of Authorized Representative)

TRIPLICATE

FILE COPY
Number.

Issued to
Street
Town

Date
State.

Eeceipt is hereby acknowledged of $
.par amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
Bonds in exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department
Circular No. 550, dated September 3, 1935.
FEDERAL EESERVE BANK OF NEW YORK

Date received
Eefer to your letter dated

Fiscal Agent of the United States.

Mail Sheet No...
No.

Teller.

•UPLICATE

PENDING DELIVERY TICKET
ssued to

Number

Street
Town

Date
State

Eeeeipt is hereby acknowledged of $
par amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
Jonds in exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department
Circular No. 550, dated September 3, 1935.
FEDERAL EESEBVE BANK OP NEW YORK

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

Mail Sheet No.
No.

Teller

ORIGINAL

NR-NI.

NON-NEGOTIABLE RECEIPT
Issued to

Number.

Street

Date

Town

State.

Receipt is hereby acknowledged of $
par amount United States of America Fourth-called Fourth Liberty Loan 4 1 ! Perec
Bonds in exchange for United States of America 1% Percent Treasury Notes of Series C-1939 allotted in full pursuant to the terms of Treasury
Department Circular No. 551, dated September 3, 1935.
FEDERAL RESERVE BANK or NEW YORK

Date received

Fiscal Agent of the United States.

Mail Sheet No.

Refer to your letter dated

No..

Teller.

Notice: If the new securities are to be delivered at the Federal Reserve
Bank of New York over the counter to your representative the
following authority should be executed.

DELIVERY RECEIPT

You are hereby authorized to deliver

Received from the FEDERAL RESERVE BANK OP NEW YORK

(Name of Representative)

securities of the above par value in exchange for those surrendered.

whose signature appears below $
par amount
of securities issued in exchange for those above described.
Name.
(Please Print)
By.

(Official Signature Required)

Date.

(Signature of Authorized Representative)

'LICATE

FILE COPY
Number.

Issued to...
Street.

Date

Town.

State.

Receipt is hereby acknowledged of $
_
par amount United States of America Fourth-called Fourth Liberty Loan 4*4 Percent
Bonds in exchange for United States of America 1% Percent Treasury Notes of Series C-1939 allotted in full pursuant to the terms of Treasury
Department Circular No. 551, dated September 3, 1935.
FEDERAL RESERVE BANK OP NEW YORK

Date received
Refer to your letter dated

Fiscal Agent of the United States.

Mail Sheet No.
No.

Teller.

'UPLICATE

PENDING DELIVERY TICKET
Number.

,'ssued to.

Date.

Street.
Town

State.

Eeceipt is hereby acknowledged of $
par amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
Bonds in exchange for United States of America 1% Percent Treasury Notes of Series C-1939 allotted in full pursuant to the terms of Treasury
department Circular No. 551, dated September 3, 1935.
FEDERAL BESEEVE BANK OF NEW TOBK

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

Mail Sheet No.
No.

Teller.

NR-N1.

ORIGINAL

NON-NEGOTIABLE RECEIPT
Issued to

Number.

Street
Town

State.

Beeeipt is hereby acknowledged of $
_
.par amount United States of America Fourth-called Fourth Liberty Loan 4*4 Percent
Bonds in exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department
Circular No. 550, dated September 3, 1935.
FEDERAL RESERVE BANK OP NEW YORK

Fiscal Agent of the United States.
Date received

Mail Sheet No....

Refer to your letter dated

No..

Teller.

Notice: If the new securities are to be delivered at the Federal Reserve
Bank of New York over the counter to your representative the
following authority should be executed.

DELIVERY RECEIPT

You are hereby authorized to deliver to
Received from the FEDERAL RESERVE BANK OF NEW YORK
(Name of Representative)

securities of the above par value in exchange for those surrendered.

whose signature appears below $
par amount
of securities issued in exchange for those above described.
Name
(Please Print)

By.
(Official Signature Required)

Date.

(Signature of Authorized Representative)

TRIPLICATE

FILE COPY
Issued to

Number.

Street
Town

Date
State.

Receipt is hereby acknowledged of $
_
par amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
Bonds in exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department
Circular No. 550, dated September 3, 1935.
FEDERAL RESERVE BANK OF NEW YORK

Date received
Refer to your letter dated

Fiscal Agent of the United States.

Mail Sheet No.
....No.

Teller.

»UPLICATE

PENDING DELIVERY TICKET
ssued to

Number

Street
Town

Date
State..

Receipt is hereby acknowledged of $
par amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
Jonds in exchange for United States of America 2% Percent Treasury Bonds of 1945-47 allotted in full pursuant to the terms of Treasury Department
'ircular No. 550, dated September 3, 1935.
FEDERAL EESERVE BANK OF NEW YORK

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

Mail Sheet Xo.
No.

Teller

NR-NL

ORIGINAL

NON-NEGOTIABLE RECEIPT
Issued to

Number.

Street

Date

Town

State.

Receipt is hereby acknowledged of $
par amount United States of America Fourth-called Fourth Liberty Loan 4H Percent
Bonds in exchange for United States of America 1V£ Percent Treasury Notes of Series C-1939 allotted in full pursuant to the terms of Treasury
Department Circular No. 551, dated September 3, 1935.
FEDEEAL RESERVE BANK or NEW YORK

Date received

Fiscal Agent of the United States.

Mail Sheet No.

Refer to your letter dated

No.

Teller.

Notice: If the new securities are to be delivered at the Federal Beserve
Bank of New York over the counter to your representative the
following authority should be executed.

DELIVERY RECEIPT

You are hereby authorized to deliver
Received from the FEDERAL RESERVE BANK OF NEW YORK
(Name of Representative)

securities of the above par value in exchange for those surrendered.

whose signature appears below $
par amount
of securities issued in exchange for those above described.
Name

(Please Print)

(Official Signature Required)

Date.

(Signature of Authorized Representative)

TRIPLICATE

FILE COPY
Number.

Issued to
Street
Town

Date
State.

Date received
Refer to your letter dated

Fiscal Agent of the United States.

Mail Sheet No.
JI0

Teller.

DUPLICATE

PENDING DELIVERY TICKET
ssued to

Street
Town

Number
Date

State

Eeceipt is hereby acknowledged of $
pax amount United States of America Fourth-called Fourth Liberty Loan 4% Percent
ionds in exchange for United States of America 1% Percent Treasury Notes of Series C-1939 allotted in full pursuant to the terms of Treasury
)epartment Circular No. 551, dated September 3, 1935.
FEDERAL RESERVE BANK or NEW YORK

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

Mail Sheet No.
No.

Teller

IB-N

CASH SUBSCRIPTION

Lot Number

Application Number

BY OTHER THAN AN INCORPORATED BANK
OR TRUST COMPANY
To United States Government Obligations
Described Below

Dated at
.1935

Applications, unless made by an incorporated bank or trust company, must be accompanied, if for more than
$5,000, by payment of $5,000 or 5 percent of the amount of notes applied for, whichever is the greater; and, if for
$5,000 or less, by payment in full.
One day's interest on $1,000 on coupon payable March 15,1986 (181 days in 182 day period) is $.041208791
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. 551, dated September 3, 1935, please enter
our (my) subscription for $

(par value)

UNITED STATES OF AMERICA iy 2 PERCENT TREASURY NOTES, SERIES C-1939
DATED SEPTExMBER 16, 1935
DUE MARCH 15, 1939
We (I) agree to pay to you on or before the date of the above issue at par, or at par and accrued interest if
payment is made after the date of the issue, for any securities allotted on account of this subscription, and payment
will be made by the method indicated below:

By check

•

By cash

•

Payment will be made by (name)
This is a confirmation of a previous subscription.
Write Yes
Write No
Subscriber

(Print Name)

Sign h e r e . . . .
(Official Signature Required)

Street address.
Town

State

THIS SPACE IS FOE THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
CARD

CLASSIFIED

LEDGER

ACKNOWLEDGED

Figured Checked Advised

Allotment

Payment

DISPOSITION

Released

Date

Deposit
Date

By Cash
By Check
Drawn on

Check No.

Received

Checked

Interest

Checked

Recorded

Window

Custody

Mail

TEMPORARY NON-NEGOTIABLE RECEIPT

Date
Number
Subject to examination and count receipt is hereby acknowledged of $
par amount United States of America Fourth Liberty Loan 4% Percent Bonds of 1933-38
tendered in payment for United States of America Treasury bonds and/or notes offered in
exchange pursuant to the terms of Treasury Department Circular No. 550 and /or 551, dated
September 3, 1935.
FEDERAL RESERVE BANK OF NEW YORK,

Fiscal Agent of the United States.

Teller
NOTE: Permanent receipt for the amount of securities accepted will be issued upon surrender of this
receipt on day after date of this temporary receipt.

BTC-N

Lot Number

Cash Subscription by Bank or Trust Company

Application Number

To United States Government Obligations
Described Below
Dated at..
.1935
One day's interest on $1,000 on coupon payable March 15,1936 (181 days in 182 day period) is $.041208791
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. 551, dated September 3, 1935, please enter
subscription as follows for

UNITED STATES OF AMERICA iy 2 PERCENT TREASURY NOTES, SERIES C-1939
DATED SEPTEMBER 16, 1935
DUE MARCH 15, 1939
•For our own account (not classified below).. $
•For our customers (classified below)

___________

Total Subscription

CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(For example: Class A — 10 at $1,000)
(To

not show on this form denominations of securities of this issue to be desired on allotment.)

SUBSCRIBER: DO

CLASS A
Subscriptions of $1,000 and under
Number of
Amount
Leave Blank
Subscript's
of Each

CLASS B2
CLASS Bl
CLASSC
SubscriptionB over $1,000 to $5,000 Inclusive Subscriptions over $5,000 to $10,000 Incl. Subscriptions over $10,000 to $50,000 Inel
Number of
Number of
Amount
Amount
Number of j Amount
Leave Blank Subscript's
Leave Blank Subscript's
Lear* Blank
of Each
of Each
Subscript's 1 of Each

CLASS D
Subscriptions over J50.000 to $100,000 Incl.
Number of
Amount
Leave Blank
of each
Subscript's

CLASSE
CLASSF
CLASSQ
Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,000,000 Inclusive
Subscriptions of over $1,000,000
Number of
Amount
Number of 1 Amount
Number of
Amount
Leave Blank Subscript's
Leave Blank
Leave Blank Subscript's
of Each
Subscript's 1 of Each
of Each

We hereby certify that:
We have received applications from our customers in the amounts set opposite the customers' names on the attachedlist, which is made a part of this subscription; we have received from each such customer, or hold his deposit for, the full
amount of his application if for $5,000 or less, and if for more than $5,000, we have received, or hold the customer's'
deposit for, 5 percent of the full amount of his application, but not less than $5,000; and each such application, to the
best of our knowledge and belief, is made in good faith for the customer's legitimate requirements and we have no
beneficial interest therein.
We agree, in consideration of the receipt by you of this subscription, to make payment in full for the entire
amount which may be allotted on this subscription, at par on or before the date of issue, or at par and accrued interest
if on later allotment. Such payment will be made by the method indicated hereon.
By debit to our reserve account

By credit to War Loan Deposit Account

•

By cheek
TO SUBSCRIBES:
Mark (X) in proper space
to indicate if this is:
Original subscription

i—i

Before signing fill in all required spaces.

Bank or Trust Company
Post Office Address.

•
•
•

Confirmation of a telegram
Confirmation of a letter

State.
Official signature required

•NOTE:

Securities of this issue allotted to a qualified depositary for its own account may be paid for by credit to War Loan Deposit Account
and may also be deposited with Federal Eeserve Bank of New York as collateral security for such Account.
Securities of this issue allotted to a qualified depositary for account of its customers may be paid for by credit to War Loan Deposit
Account, but may not be deposited with Federal Eeserve Bank of New York as collateral security for such Account without the written consent of the owners of such securities.
SPACES BELOW ABE TOE THE USE OF THE FEDEBAL EESEBVE BANK
Examined
Allotment

Received

Classified

Carded
|

Figured

Cheeked

Ledger

Checked

Advised

Recorded

Acknowledged

Government Deposit

Hold_
Method of Payment

Window

Disposition

Amount

Custody

Date Released

Mail

Other Department*

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of bank or trust company)

Post office address

lame of Customer

Address

State.

Amount Subscribed

EAN-RB

REGISTERED BOND EXCHANGE SUBSCRIPTION
This Form Should Be Used When Fourth-called Fourth 4^'s in Registered Form Are Tendered in Payment for Treasury Notes to Be
Allotted on Subscriptions
FOR iy2

PERCENT TREASURY NOTES OF SERIES C-1939

Dated September 16, 1935

Due March 15, 1939

NOTE:
Fourth-called Fourth 4%'s in registered form, which were called for redemption on October 15, 1935, bear serial numbers,
the final digit of which is 3 or 4.
Fourth-called Fourth 41/1's in registered form tendered in exchange should be presented and surrendered with this
exchange subscription, except that if payment is to be made by Fourth-called Fourth 4% > s m registered form 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.
On all exchanges, interest on Fourth-called Fourth 4%'s will be paid in full to October 15, 1935, in the case of registered
bonds, through the issue of interest checks for final interest due October 15, 1935, in accordance with the assignments
on the bonds surrendered.
Subscriptions for which Fourth-called Fourth 41/4*s in registered form are tendered in payment and accepted will be allotted
in full.
One day's interest on $1,000 on coupon payable March 15,1936 (181 days in 182 day period) is $.041208791

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. 551, dated September 3, 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 iy2 percent Treasury Notes of Series C-1939, Fourth-called Fourth Liberty
Loan 4% percent Bonds of 1933-38 in registered form 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:
FOURTH-CALLED FOURTH 4J4 % LIBERTY LOAN BONDS IN REGISTERED
FORM 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

100

500

1,000

5,000

10,000

50,000

X X X

100,000

Total

Par Amount

X X

Leave this Space Blank

XX XX

X X

In payment of Treasury securities allotted on this subscription you are authorized to apply $
value Fourth-called Fourth 4%s in registered form now held by you for our account.
Dispose of Treasury securities allotted on this subscription as follows:
Deliver over the counter

Hold for safekeeping (for member banks only) $^Deliver to your Discount Department

par

$.
Ship the definitive securities to us

W E HEREBY CERTIFY that such securities as you are
instructed, as indicated above, to hold for safekeeping or
to deliver to your Discount Department are the sole property of the below named bank or trust company.

Special instructions:

Hold as collateral security for War Loan
Deposit Account
$..
W E HEREBY CERTIFY that such securities as are hereby
pledged to secure the War Loan Deposit Account, as indicated above, are either the sole property of the below
named bank or trust company or are the property of its
customers who have consented in writing to such pledge.

IW* Before Signing Fill in All Required Spaces

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

Name

Original subscription

r~j

Sign here

Confirmation of a telegram

r~\

Street Address—.

Confirmation of a letter

r~\

Town and State

(Please print)
(Official signature required)

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
Delivered

FIGURED

CHECKED

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 Fourth-called Fourth 4y4's in Coupon Form
Are Tendered in Payment for Treasury Notes to be Allotted on Subscriptions

FOR iy2 PERCENT TREASURY NOTES OF SERIES C-1939
Dated September 16, 1935

Due March 15, 1939

NOTE:
Fourth-called Fourth 4V4's in coupon form, which were called for redemption on October 15, 1935, bear serial numbers,
the final digit of which is 3 or 4 (such serial numbers in the case of permanent coupon bonds being prefixed by the corresponding distinguishing letter C or D, respectively).
Fourth-called Fourth 4Vi'« in coupon form tendered in exchange should be presented and surrendered with this exchange
subscription. The October 15, 1935 coupon should be detached and collected when due. If payment is to be made by
Fourth-called Fourth 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.
Subscriptions for which Fourth-called Fourth 4% 's in coupon form are tendered in payment and accepted will be allotted in full.
One day's interest on $1,000 on coupon payable March 15,1936 (181 days in 182 day period) is $.041208791

Dated at
FEDERAL RESERVE BANK OF NEW YORK,

1935

Fiscal Agent of the United States,
NEW YORK, N.

DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 551, dated September 3, 1935, the undersigned
tenders herewith in exchange for United States of America \y2 percent Treasury Notes of Series C-1939, Fourth-called
Fourth Liberty Loan A% percent bonds of 1933-38 in coupon form 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:
FOURTH-CALLED FOURTH 4J4 % LIBERTY LOAN BONDS IN COUPON
FORM TENDERED IN EXCHANGE

Number of Pieces

X X

Par Amount

Denominations

ISSUE TREASURY SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS

Number of Pieces

Denominations

S 50

$ 50

100

500

1,000

5,000

10,000

XXX

X X

XXX

100,000

Total

Par Amount

X X

Leave this Space Blank

X X

X X XX

In payment of Treasury securities allotted on this subscription you are authorized to apply $.
value Fourth-called Fourth 4J4's in coupon form 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 to your Discount Department

Deliver over the counter

Hold as collateral security for War Loan
Deposit Account
$-

Ship the definitive securities to us
Special instructions:

W E HEREBY CERTIFY that such securities as are hereby
pledged to secure the War Loan Deposit Account, as indicated above, are either the sole property of the below
named bank or trust company or are the property of its
customers who have consented in writing to such pledge.

Before Signing Fill in All Required Spaces
TO SUBSCRIBER:

Name
(Please print)

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

Original subscription

(Official signature required)

Street Address

Confirmation of a telegram

Town and State

Confirmation of a letter

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

Checked
Delivered

FIGURED

CHECKED

List of customers' applications included in the foregoing subscription
entered and certified by

."...
(Name of bank or trust company)

Post office address

Xante of Customer

Address

State.

Amount Subscribed

EA-RB

REGISTERED BOND EXCHANGE SUBSCRIPTION
This Form Should Be Used When Fourth-called Fourth 4V4's in Registered Form Are Tendered in Payment for Treasury Bonds to Be
Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 194547
Dated September 16, 1935

Due September 15, 1947

NOTE:

Fourth-called Fourth 41/4k's in registered form, which were called for redemption on October 15, 1935, bear serial numbers,
the final digit of which is 3 or 4.
Fourth-called Fourth 4%'s in registered form tendered in exchange should be presented and surrendered with this
exchange subscription, except that if payment is to be made by Fourth-called Fourth 4V4's in registered form 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 new series are desired in exchange for Fourth-called Fourth 41/4's in registered form
presented and surrendered, the required necessary instructions must be given in spaces provided on the reverse side of this
form.
On all exchanges, interest on Fourth-called Fourth 4%'s will be paid in full to October 15, 1935, in the case of registered
bonds, through the issue of interest checks for final interest due October 15, 1935, in accordance with the assignments
on the bonds surrendered.
Subscriptions for which Fourth-called Fourth 4%'s in registered form are tendered in payment and accepted will be allotted
in full.

Dated at.
FEDERAL RESERVE BANK OF NEW YORK,

1935

Fiscal Agent of the United States,
NEW YORK, N. Y.
DEAR SIRS:

Pursuant to the provisions of Treasury Department Circular No. 550, dated September 3, 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*/A percent Treasury Bonds of 1945A7, Fourth-called Fourth Liberty Loan
4J4 percent Bonds of 1933-38 in registered form 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
r e g i s t e r e d Treasury
securities of this series
__are desired in exchange.__

In coupon form

FOURTH-CALLED FOURTH 4J4 % LIBERTY LOAN BONDS IN REGISTERED
FORM 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

Denominations

$50

100

500

1,000

5,000

10,000

10,000
X X

50,000

Par Amount

X X X

100,000

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 $
value Fourth-called Fourth 4 ^ s in registered form now held by you for our account.
Payment of premium, if any, to be made as follows:
By check herewith

By charge to our Reserve 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 us

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 security for War Loan
Deposit Account
$..
W E HEREBY CERTIFY that such securities as are hereby
pledged to secure the War Loan Deposit Account, as indicated above, are either the sole property of the belownamed bank or trust company or are the property of its
customers who have consented in writing to such pledge.

Special instructions:
Before Signing Fill in All Required Spaces

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

Name

Original subscription

Sign here

(Please print)
(Official signature required)

Street Address

Confirmation of a telegram

Town and State.

Confirmation of a letter

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

Delivered

FIGURED

Premium

CHECKED

SCHEDULE FOR ISSUE OF REGISTERED BOISDS
NOTE **"

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

Name In Which Bond* Shall B« Registered, and Post-

Amount

$50

$100

$500

$1,000

$5,000

$10,000

X X X

$100.0<

List of customers' applications included in the foregoing sa scription
entered and certified by
(Name of bank or trust company)

Post office address

Name of Customer

Address

State.

Amount Subscribed

EA-CB

COUPON BOND EXCHANGE SUBSCRIPTION
This Form Should Be Used When Fourth-called Fourth 414,'s in Coupon Form
Are Tendered in Payment for Treasury Bonds to Be Allotted on Subscriptions

FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1945-47
Dated September 16, 1935

Due September 15, 1947

NOTE:
Fourth-called Fourth 4Vi'« in coupon form, which were called for redemption on October 15, 1935, bear serial numbers,
the final digit of which is 3 or 4 (such serial numbers in the case of permanent coupon bonds being prefixed by the corresponding distinguishing letter C or D, respectively).
Fourth-called Fourth 4%'s in coupon form tendered in exchange should be presented and surrendered with this exchange
subscription. The October 15, 1935 coupon should be detached and collected when due. If payment is to be made by
Fourth-called Fourth 4%'s in coupon form 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 new series are desired in exchange for Fourth-called Fourth 4*4's in coupon form
presented and surrendered, the required necessary instructions must be given in spaces provided on the reverse side of this form.
Subscriptions for which Fourth-called Fourth 4%'s in coupon form are 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. 550, dated September 3, 1935, the undersigned
tenders herewith in exchange for United States of America 2% percent Treasury Bonds of 1945-47, Fourth-called
Fourth Liberty Loan 4j4 percent bonds of 1933-38 in coupon form 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
aredesired in exchange.

In coupon form

FOURTH-CALLED FOURTH 4lA % LIBERTY LOAN BONDS IN COUPON
FORM TENDERED IN EXCHANGE

Number of Piecee

Par Amount

Denominations

ISSUE TREASURY SECURITIES ALLOTTED ON THIS SUBSCRIPTION IN THE FOLLOWING DENOMINATIONS

Number of Pieces

D enominations

Leave this Space Blank

Par Amount

$50

X X

In registered form

100

600

500

1,000

5,000

10,000

10,000
X X

X X X

XXX

X X

X X X

100,000

Total

X X

X X X X

X X

In payment of Treasury securities allotted on this subscription you are authorized to apply $.
value Fourth-called Fourth 4%'s in coupon form now held by you for our account.
Payment of premium, if any, to be made as follows:
By check herewith

par

By charge to our Reserve account

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 us

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 security for War Loan
Deposit Account
$.
W E HEREBY CERTIFY that such securities as are hereby
pledged to secure the War Loan Deposit Account, as indicated above, are either the sole property of the below
named bank or trust company or are the property of its
customers who have consented in writing to such pledge.

Special instructions:

Before Signing Fill in All Required Spaces

TO SUBSCRIBER:

Name

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

(Please print)

Sign here
(Official signature required)

Confirmation of a telegram

Street Address....

Confirmation of a letter

Town and State

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

FIGURED

DELIVERY

Received

Released

Checked

Taken from vault

Recorded

Counted

Acknowledged

Checked
Delivered

Premium

CHECKED

SCHEDULE FOR ISSUE OF REGISTERED BONDS
NOTE 1W
Name In Which Bonds Shall Be Registered, and PostO£Bce 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

$100,1

- -

List of customers' applications included in the foregoing subscription
entered and certified by
ut bank or iruat company)

Post office address

Name of Customer

Address

State

Amount Subscribed

Full text of Federal Reserve Bank of New York Circulars : 1584. Offering of United States of America 2 3/4 Percent Treasury Bonds of 1945-47, Offering of United States of America 1 1/2 Percent Treasury Notes of Series C-1939

FRASER