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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 1838 April 25, 1938 Offering of Commodity Credit Corporation % Percent Notes of Series C, Due November 2, 1939 Dated and bearing interest from May 2, 1938 FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE Exempt both as to principal and interest from all Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). To all Banking Institutions and Others Concerned in the Second Federal Reserve District: *. The following press statement was today made public: The Secretary of the Treasury, on behalf of the Commodity Credit Corporation, is today offering for subscription, through the Federal Reserve banks, $200,000,000, or thereabouts, of notes of the Commodity Credit Corporation, designated % percent notes of Series C. Series B Collateral Trust Notes of the Commodity Credit Corporation, maturing May 2, 1938, will be accepted at par in payment for any notes subscribed for and allotted. The notes will be dated May 2, 1938, and will bear interest from that date at the rate of % percent per annum. They will mature on November 2, 1939, and will not be subject to call for redemption prior to maturity. The notes will be fully and unconditionally guaranteed both as to interest and principal by the United States. They will be exempt both as to principal and interest from all Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). The notes will be issued only in bearer form with coupons attached, in denominations of $1,000, $5,000, $10,000 and $100,000. Subscriptions will be received at the Federal Reserve banks and branches, and at the Treasury Department, Washington. Subscriptions will not be received at the Reconstruction Finance Corporation or at the Commodity Credit Corporation. Banking institutions generally may submit subscriptions for account of customers, but only the Federal Reserve banks and the Treasury Department are authorized to act as official agencies. Cash subscriptions from 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 by payment of 10 percent of the amount of notes applied for. Subscriptions in payment of which Series B Collateral Trust Notes of the Commodity Credit Corporation are tendered should be accompanied by the maturing notes. The right is reserved to close the books as to any or all subscriptions or classes of subscriptions at any time without notice. Subject to the reservations set forth in the official circular, all cash subscriptions will be received subject to allotment and subscriptions in payment of which Series B Collateral Trust Notes of the Commodity Credit Corporation are tendered will be allotted in full. Payment for any notes allotted on cash subscriptions must be made or completed on or before May 2, 1938, or on later allotment. The terms of this offering are set forth in Treasury Circular No. 583, dated April 25,1938, a copy of which is printed on the following pages. The subscription books are now open, and applications will be received by this bank as fiscal agent of the United States. Subscriptions should be made on official subscription blanks and mailed immediately, or if filed by telegram or letter, should be confirmed immediately by mail on the blanks provided. Such telegrams or letters should indicate whether the subscriptions are cash subscriptions or exchange subscriptions. Where such telegraphic or letter subscription is made by a bank the telegram or letter should contain the amounts of the subscriptions, if any, for the customers of the subscribing bank together with their names and addresses as provided for in the subscription blank. GEORGE L. HARRISON, President. COMMODITY CREDIT CORPORATION 34 PERCENT NOTES OF SERIES C, DUE NOVEMBER 2, 1939 Dated and bearing interest from May 2, 1938 FULLY AND UNCONDITIONALLY GUARANTEED BOTH AS TO INTEREST AND PRINCIPAL BY THE UNITED STATES, WHICH GUARANTY IS EXPRESSED ON THE FACE OF EACH NOTE _ Exempt both as to principal and interest from all Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). 1938 TREASURY DEPARTMENT, Department Circular No. 583 OFFICE OF THE SECRETARY, Washington, April 25,1938. I. OFFERING OF NOTES 1. The Secretary of the Treasury, on behalf of the Commodity Credit Corporation, invites subscriptions, at par and accrued interest, from the people of the United States for notes of the Commodity Credit Corporation, designated % percent notes of Series C. The amount of the offering is $200,000,000, or thereabouts. II. DESCRIPTION OF NOTES 1. The notes will be dated May 2, 1938, and will bear interest from that date at the rate of % percent per annum, payable semiannually on November 2,1938, and on May 2 and November 2, 1939. They will mature November 2, 1939, and will not be subject to call for redemption prior to maturity. 2. These notes are issued under the authority of the act approved March 8,1938, (Public No. 442-75th Congress) which provides that these notes shall be fully and unconditionally guaranteed both as to interest and principal by the United States; that they shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes); and that the notes shall be lawful investments and may be accepted as security for all fiduciary, trust and public funds the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof. 3. The authorizing act further provides that in the event that the Commodity Credit Corporation shall be unable to pay upon demand, when due, the principal of, or interest on, such obligations, the Secretary of the Treasury shall pay to the holder the amount thereof which is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations. 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 $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 may submit subscriptions for account of customers, but only the Federal Reserve banks and the Treasury Department are authorized to act as official agencies. Others than banking institutions will not be permitted to enter subscriptions except for their own account. Cash subscriptions from 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 by payment of 10 percent of the amount of notes applied for. 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. 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, subscriptions in payment of which Series B Collateral Trust Notes of the Corporation are tendered 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. PAYMENT 1. Payment at par and accrued interest, if any, for notes allotted on cash subscriptions must be made or completed on or before May 2, 1938, or on later allotment. In every case where payment is not so completed, the payment with application up to 10 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. Series B Collateral Trust Notes of the Commodity Credit Corporation, maturing May 2, 1938, will be accepted at par in payment for any notes subscribed for and allotted and should accompany the subscription. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the Treasury to the Federal Reserve banks of the respective districts, to issue 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. Lot Number Application Number FEDEEAL RESERVE B A N K OF N E W YORK Fiscal Agent of the United States NOTICE OF ALLOTMENT On Cash Subscription to Commodity Credit Corporation Obligations Applied for by Subscriber as Described Below To Subscriber: 1938 Referring to your subscription, numbered as above indicated, for $ (par value) COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C DATED MAY 2, 1938, DUE NOVEMBER 2, 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 or Charge 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 or charge, as follows: By Check— A check 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 Keserve Bank of New York, will be immediately available on the date of this issue. Should a subscriber wish to make payment by certified check on any other bank the securities can not be delivered until the Federal Eeserve 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. 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 New 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. (c) Securities of this issue allotted to subscriber will be delivered to others under special instructions from subscriber but only when such securities are either the sole property of the subscriber or are the property of its customers who have authorized the subscriber in writing to cause their said securities to be so delivered. Further Instructions 4. (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 Cheeked by. NA-CCC-N Special Notice to Subscribers Located in the Borough of Manhattan of the City of New York Upon payment interim certificates will be issued pending delivery of the definitive note: It is expected that the definitive notes will be ready for delivery on or about May 16, 1938. If you desire delivery of such interim certificates on May 2, 1938 "Letter of Instructions" accompanying allotment notice must be returned to this bank by messenger by 2 p.m., Saturday, April 30, 1938. FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States. SL.3 SL.4 Special Notice to Subscribers in the Second Federal Reserve District Located Outside the Borough of Manhattan of the City of New York Upon payment interim certificates will be issued pending delivery of the definitive notes. It is expected that the definitive notes will be ready for delivery on or about May 16, 1938. If you desire delivery of such interim certificates on May 2, 1938 "Letter of Instructions" accompanying allotment notice must be mailed to this bank on Saturday, April 30, 1938 in the special return envelope enclosed herewith. FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States. Application Number Lot 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) 1938 Referring to our subscription, numbered as above indicated, for $ (par value) COMMODITY CREDIT CORPORATION % PERCENT NOTES O F SERIES C DATED MAY 2, 1938, DUE NOVEMBER 2, 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: Issue in the following denominations the securities of this issue allotted to us. Payment for such securities will be made or completed as indicated below. Pieces Denominations Par amount Method of payment (LEAVE BLANK) X X X By charge to our reserve account. X X X $1,000 By check 5,000 By cash 10,000 100,000 Total Hold or dispose of the securities of this issue allotted to us in the amounts and as indicated below. 1. Hold for safekeeping (for member bank only) $ 2. Hold as collateral security for War Loan Deposit Account $ 3. Deliver to your Discount Department $ 4. Deliver over counter to the undersigned $ 5. Ship to the undersigned $ 6. Deliver as requested in the following special instructions $ $ Dispose of such payment as follows Against payment of Par amount TO Credit our reserve account $ $ We hereby certify (a) that such securities as you are instructed to hold or to deliver, as indicated in items numbered 1 and 3 above, are the sole property of the undersigned bank or trust company; (6) that such securities as are hereby pledged, as indicated in item numbered 2 above, are either the sole property of the undersigned bank or trust company or are the property of its customers who have authorized the undersigned bank or trust company in writing to cause their said securities to be so pledged; and (c) that such securities as you are instructed to deliver, as indicated in item numbered 6 above, are either the sole property of the undersigned bank or trust company or are the property of its customers who have authorized the undersigned bank or trust company in writing to cause their said securities to be so delivered. letter of instructions must be signed officially in the space provided here and returned immediately to Name. Post Office Address. Federal Reserve Bank of New York, State. Fiscal Agent of the United State*. Official signature required DO NOT USE SPACES BELOW Paid Stamp Eeleased Eeceived from FEDERAL RESERVE BANK OP N E W YORK the above described Taken from Vault Counted Delivery Beceipt Amount Commodity Credit Corporation obligations allotted in the amount indicated above. Subscriber Checked Delivered NA-CCC-N By Date By BTC-CCC-N FEDERAL BESEEVE B A N K OP N E W YOEK Lot Number Application Number Fiscal Agent of the United States c Cash Subscription by Banking Institution To Commodity Credit Corporation Obligations Described Below Dated at. .1938 FEDERAL EESERVE 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. 583, dated April 25, 1938, please enter subscription as follows for COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C DATED MAY 2, 1938 DUE NOVEMBER 2, 1939 For our own account (not classified below).. $ For our customers (classified below) . Total Subscription $ CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS (Subscriptions can be made only for $1,000 or in multiples of $1,000. For example: Class A—10 at $1,000) (To SUBSCRIBES: DO not show on this form denominations of securities of this issue to be desired on allotment.) CLASS A Subscriptions of $1,000 Number of 1 Amount Subscript's | of Each Leave Blank CLASS Bl CLASS B2 CLASS C Subscriptions over $1,000 to 85,000 Inclusive Subscriptions over $5,000 to $10,000 Incl. Subscriptions over $10,000 to $50,000 Incl. Amount Number of Number of 1 Amount Number of 1 Amount Leave Blank Subscript's 1 of Each of Each Subscript's Leave Blank Subscript's 1 of Each Leave Blank at at at at at at at at at at at at at at at at at CLASS D CLASS F CLASS E CLASS G Subscriptions over $50,000 to $100,000 Incl. 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 I Amount Number of I Amount Number of | Amount Number of I Amount of Each | Subscript's) of Each of Each Leave Blank Subscript's | Leave Blank Subscript's I Leave Blank Subscript's 1 of Each Leave Blank at at at at at at at We hereby certify: that we have received applications from our customers in the amounts set opposite the customers' names on the attached list which is made a part of this subscription; that there has been paid to us by each such customer, not subject to withdrawal until after allotment and payment in full for securities allotted, 10 percent of the amount applied for; that each such application, to the best of our knowledge and belief, is made in good faith for the customer's legitimate requirements; and that we have no beneficial interest therein. We further certify that our capital and surplus (not including undivided profits, reserves, etc.) is $ 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 oar reserve account By check D Before signing fill in all required spaces. TO SUBSCBIBEB: Mark (X) in proper space to indicate if this is: Original subscription Confirmation of a telegram Banking Institution Post Office Address. r-i j—l of a latter. Oonfli State LJ (Official signature required) SPACES BELOW ABB FOB THE USB OF THE FBDEBAL BE8EBVE BANE Examined Carded Figured Allotment Received Classified Chftckwl Ledger Checked Advised Recorded Acknowledged Method of Payment Window Disposition Government Deposit Amount 1 Custody Date Released Mail By Other Departments 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 (Please print or use typewriter) Address State. Amount Subscribed EA-CCC-N FEDERAL RESERVE BANK OF NEW YOBK Fiscal Agent of the United States EXCHANGE SUBSCRIPTION This Form Should Be Used When Commodity Credit Corporation 1 Percent Series B Collateral Trust Notes Maturing May 2, 1938 Are Tendered in Payment for Commodity Credit Corporation Notes to Be Allotted on Subscriptions FOR COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C Dated May 2,1938 Due November 2,1939 Notes The securities of the Commodity Credit Corporation which are tendered in payment should be surrendered with this exchange subscription, except that if payment is to be made by such securities 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 securities of the Commodity Credit Corporation are tendered in payment and accepted will be allotted in full. Dated at FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. .1938 DEAR SIRS: Pursuant to the provisions of Treasury Department Circular No. 583, dated April 25, 1938, the undersigned hereby tenders in payment for Commodity Credit Corporation % percent Notes of Series C, Commodity Credit Corporation 1 percent Series B Collateral Trust Notes 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 $ The securities hereby tendered in payment are, as indicated below,— Issue securities allotted on this subscription in th<i denominations and amounts as indicated below: Number of Pieces Leave this Space Blank Par Amount Denominations Delivered to you herewith X X X X X X X X X X X X X X X X X X X X X X X X To be withdrawn by you from our account in the $1,000 5,000 10,000 X X X X X X X X X $.. Government Bond Department (War Loan Deposit Account) $ Safekeeping Department $ Discount Department $— To be delivered to you for our account by X 100,000 $ Total Hold or dispose of the securities allotted on this subseription in the amounts and as indicated below: 1. Hold for safekeeping (for member bank only) $ 2. Hold as collateral security for War Loan Deposit Account $ 3. Deliver to your Discount Department $ 4. Deliver over counter to the undersigned $ 5. Ship to the undersigned $ 6. Deliver as requested in the following special instructions $ Against payment of Par amount TO Dispose of such payment as follows Credit our reserve account $ $ $ We hereby certify (a) that such securities as you are instructed to hold or to deliver, as indicated in items numbered 1 and 3 above, are the sole property of the undersigned bank or trust company; (6) that such securities as are hereby pledged, as indicated in item numbered 2 above, are either the sole property of the undersigned bank or trust company or are the property of its customers who have authorized the undersigned bank or trust company in writing to cause their said securities to be so pledged; and (c) that such securities as you are instructed to deliver, as indicated in item numbered 6 above, are either the sole property of the undersigned bank or trust company or are the property of its customers who have authorized the undersigned bank or trust company in writing to cause their said securities to be so delivered. Before Signing Fill in All Eequired Spaces. TO SUBSCRIBER: Mark (X) in proper space to indicate if this is: Original subscription Name Sign here (Official signature required) • Confirmation of a telegram • Confirmation of a letter • (Please print) Street Address Town and State Spaces below are for the use of the Federal Reserve Bank of New York DELIVEET BECEEPT Eeceived Taken from vault Checked Counted Recorded Checked Acknowledged . Blotter 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 (Please print or use typewr&tr) Address State. Amount Subscribed IB-CCC-N FEDERAL RESERVE B A N K OP N E W YORK Lot Number Application Number Fiscal Agent of the United States IB CASH SUBSCRIPTION BY OTHER THAN A BANKING INSTITUTION To Commodity Credit Corporation Obligations Described Below Dated at .1938 An application, unless made by a banking institution, must be accompanied by payment of 10 percent of the amount applied for. Subscriptions can be made only for $1,000 or in multiples of $1,000. 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. 583, dated April 25, 1938, please enter our (my) subscription for $ (par value) COMMODITY CREDIT CORPORATION % PERCENT NOTES OF SERIES C . DATED MAY 2, 1938 DUE NOVEMBER 2, 1939 We (I) 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. If such payment is in excess of the amount deposited with this application the balance of the payment due you will be made by (name) in the manner indicated below: By check • By cash • This is a confirmation of a previous subscription WriteYes Write No Subscriber .. (Print name) Sign here (Official Signature Required) Street address State Town SPACES BELOW ABE FOB THE USE OF THE FEDEBAL BESEBVE BANK OF NEW YOBK EXAMINED Allotment CARDED CLASSIFIED LEDGKB DISPOSITION ACKNOWLEDGED Payment Figured Checked Advised 1 $ Deposit Date Released — Date By By Cash By Check Drawn on Check No. Received Checked Interest Checked Recorded Window Custody Mail FEDERAL RESERVE BANK CCC—ATS-I.NL o P NEW YORK ADVICE TO SUBSCRIBER Acknowledging Receipt of Cash Subscription For Commodity Credit Corporation Obligations Mentioned Below To Application No. Date Your cash subscription for $ Commodity Credit Corporation % Percent Notes of Series C, Dated May 2, 1938, Due November 2, 1939. has been received by this bank, as fiscal agent of the United States, and, pursuant to the provisions of the Treasury Department's circular offering the above-mentioned obligations of the Commodity Credit Corporation, allotment notices will be sent out promptly upon allotment and allotments will be made on the basis and up to the amounts indicated by the Secretary of the Treasury to this bank. FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States. Checked by. FEDERAL RESERVE BANK OFNEWYCK To CARD CCC-ATS-2.NL SECUR.T.ES DEPARTMENT RECORD Application No. Date Cash subscription received from above subscriber for $ Commodity Credit Corporation % Percent Notes of Series C, Dated May 2, 1938, Due November 2, 1939. ERAL. RESERVE BANK CCC-ATS-3.NL CONTROL RECORD To . - c u m ™ OEPARTMENT Application No. Date Cash subscription received from above subscriber for $ Commodity Credit Corporation % Percent Notes of Series C, Dated May 2, 1938, Due November 2, 1939. NR-CCC-N ORIGINAL NON-NEGOTIABLE RECEIPT For Commodity Credit Corporation Obligations as Mentioned Below Number. Issued to... Date. Street. Town State... Receipt is hereby acknowledged of $ par amount Commodity Credit Corporation 1 Percent Series B Collateral Trust Notes surrendered in payment for Commodity Credit Corporation % Percent Notes of Series C subscribed for and allotted in full pursuant to the terms of Treasury Department Circular No. 583, dated April 25, 1938. If such new securities issued in exchange for those surrendered are to be delivered at the Federal Eeserve Bank of New York over the counter to your representative the "authority to deliver" set forth below should be duly executed and returned to us. FEDERAL EESERVE BANK OF NEW YORK Fiscal Agent of the United States. Date Eeceived Mail Sheet No Eefer to your letter dated Teller. No. DELIVERY RECEIPT AUTHORITY TO DELIVER FEDERAL EESERVE BANK OP NEW YORK Fiscal Agent of the United States. You are hereby authorized to deliver to Eeceived from the Federal Eeserve Bank of New York Commodity Credit Corporation obligations at par in the amount stated above in exchange for Commodity Credit Corporation obligations surrendered in payment as indicated in the above non-negotiable receipt. (Name of representative) whose signature appears below $ par amount of Commodity Credit Corporation obligations subscribed for and allotted in full in exchange for Commodity Credit Corporation obligations surrendered in payment as indicated in the above non-negotiable receipt. Name (Please print) By. (Official signature required) (Signature of authorized representative) Date. DUPLICATE FILE COPY OF NON-NEGOTIABLE RECEIPT For Commodity Credit Corporation Obligations as Mentioned Below Issued to Number Street Town Date , State Receipt is hereby acknowledged of $ par amount Commodity Credit Corporation 1 Percent Series B Collateral Trust Notes surrendered in payment for Commodity Credit Corporation % Percent Notes of Series C subscribed for and allotted in full pursuant to the terms of Treasury Department Circular No. 583, dated April 25, 1938. If sueh new securities issued in exchange for those surrendered are to be delivered at the Federal Reserve Bank of New York over the counter to your representative the "authority to deliver" set forth below should be duly executed and returned to us. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Date Received Refer to your letter dated Mail Sheet No No. Teller _
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