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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 1899 December 5, 1938 New Offerings of United States Government Obligations To all Banking Institutions and Others Concerned in the Second Federal Reserve District: Secretary of the Treasury Morgenthau today announced the December 15 financing, offering for cash subscription, through the Federal Reserve banks, at par and accrued interest, $400,000,000, or thereabouts, of 22-27 year 2% percent Treasury Bonds of 1960-65, and $300,000,000, or thereabouts, of 5-year lVs percent Treasury Notes of Series B-1943, and at the same time, offering the holders of 1% percent Treasury Notes of Series C-1939 maturing March 15, 1939, the privilege of exchanging such maturing notes for additional amounts of either the Treasury bonds or the Treasury notes offered for cash subscription, or for a new series of 9-year 2 percent Treasury Bonds of 1947, the exchange in any case to be made par for par, with an adjustment of accrued interest as of December 15, 1938. In his announcement the Secretary of the Treasury called attention to the fact that Treasury Notes of Series C-1939, maturing March 15, 1939, are now outstanding in the amount of $941,613,750, and that the present exchange offering will be the only opportunity afforded the holders of these maturing notes to exchange them for other interest-bearing obligations of the United States. The terms of these offerings are set forth in Treasury circulars Nos. 598, 599 and 600, copies of which are 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. If filed by telegram or letter, subscriptions should be confirmed immediately by mail on the blanks provided. 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. GEOEGE L. HARRISON, President. UNITED STATES OF AMERICA 23/4 PERCENT TREASURY BONDS OF 1960-65 D a t e d a n d bearing interest from December 15, 1938 D u e December 15, 1965 REDEEMABLE AT T H E OPTION OF T H E UNITED STATES AT PAR AND ACCRUED INTEREST ON AND AFTER DECEMBER 15, 1960 I n t e r e s t payable J u n e 15 and December 15 1938 TREASURY D E P A R T M E N T , Department Circular No. 598 Public Debt Service Office of the Secretary, Washington, December 5, 1938. I. 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, invites subscriptions, at par and accrued interest, from the people of the United States for 2% percent bonds of the United States, designated Treasury Bonds of 1960-65. The amount of the offering is $400,000,000, or thereabouts, with the right reserved to the Secretary of the Treasury to increase the offering by an amount sufficient to accept all subscriptions for which Treasury Notes of Series C-1939, maturing March 15, 1939, are tendered in payment and accepted. II. DESCRIPTION OF BONDS 1. The bonds will be dated December 15, 1938, and will bear interest from that date at the rate of 2% percent per annum, payable semiannually on June 15 and December 15 in each year until the principal amount becomes payable. They will mature December 15, 1965, but may be redeemed at the option of the United States on and after December 15,1960, 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. 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 bonds 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 bonds applied for, to make allotments in full upon applications for smaller amounts and to make reduced allotments upon, or to reject, applications for larger amounts, 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 Treasury Notes of Series C-1939 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 bonds allotted on cash subscriptions must be made or completed on or before December 15, 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 bonds 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 bonds 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. Treasury Notes of Series C-1939, maturing March 15, 1939, with coupon dated March 15, 1939, attached, will be accepted at par in payment for any bonds subscribed for and allotted, and should accompany the subscription. Accrued interest from September 15, 1938, to December 15,1938, on the maturing notes ($3.770718 per $1,000) will be paid following acceptance of the notes. 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 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, J R . , Secretary of the Treasury. UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1947 Dated and bearing interest from December 15, 1938 Due December 15, 1947 Interest payable June 15 and December 15 1938 TREASURY DEPARTMENT, Department Circular No. 599 Office of the Secretary, Public Debt Service Washington, December 5,1938. I. 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, invites subscriptions, at par, from the people of the United States for 2 percent bonds of the United States, designated Treasury Bonds of 1947, in payment of which only Treasury Notes of Series C-1939, maturing March 15, 1939, may be tendered. The amount of the offering under this circular will be limited to the amount of Treasury Notes of Series C-1939 tendered and accepted. II. DESCRIPTION OF BONDS 1. The bonds will be dated December 15, 1938, and will bear interest from that date at the rate of 2 percent per annum, payable semiannually on June 15 and December 15 in each year until the principal amount becomes payable. They will mature December 15,1947, and will not be subject to call for redemption prior to maturity. 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. 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. 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 bonds applied for, to make allotments in full upon applications for smaller amounts and to make reduced allotments upon, or to reject, applications for larger amounts, or to adopt any or all of said methods or such other methods of allotment and classification of allotments as shall be deemed by him to be in the public interest; and his action in any or all of these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment. IV. PAYMENT 1. Payment at par for bonds allotted hereunder must be made or completed on or before December 15, 1938, or on later allotment, and may be made only in Treasury Notes of Series C-1939, maturing March 15, 1939, which will be accepted at par, and should accompany the subscription. Coupons dated March 15, 1939, must be attached to the notes when surrendered, and accrued interest from September 15, 1938, to December 15, 1938, ($3.770718 per $1,000), will be paid following acceptance of the notes. 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 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 MORGENTHATT, J R . , Secretary of the Treasury. UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES B-1943 Dated and bearing interest from December 15, 1938 Interest payable June 15 and December 15 Department Circular No. 600 Due December 15, 1943 TREASURY DEPARTMENT, Office of the Secretary, Washington, December 5, 1938. Public Debt Service 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, at par and accrued interest, from the people of the United States for 1% percent notes of the United States, designated Treasury Notes of Series B-1943. The amount of the offering is $300,000,000, or thereabouts, with the right reserved to the Secretary of the Treasury to increase the offering by an amount sufficient to accept all subscriptions for which Treasury Notes of Series C-1939, maturing March 15, 1939, are tendered in payment and accepted. II. DESCRIPTION OF NOTES 1. The notes will be dated December 15, 1938, and will bear interest from that date at the rate of lYs percent per annum, payable semiannually on June 15 and December 15 in each year until the principal amount becomes payable. They will mature December 15, 1943, 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 $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 Eeserve 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 Treasury Notes of Series C-1939 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 December 15, 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. 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. Treasury Notes of Series C-1939, maturing March 15, 1939, with coupon dated March 15, 1939, attached, will be accepted at par in payment for any notes subscribed for and allotted, and should accompany the subscription. Accrued interest from September 15, 1938, to December 15, 1938, on the maturing notes ($3.770718 per $1,000) will be paid following acceptance of the notes. 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 MORGENTHATJ, JR., Secretary of the Treasury. BTC-B-L, Lot Number Application Number Cash Subscription by Banking Institution To United States Government Obligations Described Below Dated at. .1938 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. 598, dated December 5, 1938, please enter subscription as follows for UNITED STATES OF AMERICA 23/4 PERCENT TREASURY BONDS OF 1960-65 DATED DECEMBER 15, 1938 DUE DECEMBER 15, 1965 *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 SUBSCRIBER: DO not show on this form denominations of securities of this issue to be desired on allotment.) CLASS Bl CLASS B2 CLASS C CLASS A Subscriptions of $1,000 and imder Subscriptions over SI.000 to.So,000 Inclusive1; Subscriptions over So,000 to 810,000 Incl. Subscriptions over £ 10,000 to ?50,000 Incl. Number ofl Amount Nuniber of Nuniber of! Amount Amount 1 „. , Number oil Amount Leave Blank Subscript's Leave Blank Subscript's 1 Leave Blank Subscript's | of Each 1 TLeave Blankof Each of Each Subscript's | of Each at at at at at at at at at at at at at at at at a; at at at at at at at at at at at CLASS E CLASS F CLASS G CLASS D Subscriptions of ever $1,000,000 Subscriptions over S50.000 to SIOO.OOO Incl. Sub's over ¥100,000 to $500,000 Inclusive Sub's over ,¥500,000 to $1,000,000 Inclusive Number ofl Amount Number of Number ofl Amount Number of Amount Amount Leave Blank Subscript's | Leave Blank Subscript's Leave Blank Leave Blank Subscript's | of Each of Each of Each of Each Subscript's • at at at at at at at at at at at at at at at at at at at at at at at at i 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 our reserve account - - r~j By check - - r~j . . . . . . . TO SUBSCRIBER: Mark (X) in proper space to indicate if this i s : Original subscription Confirmation of a telegram Confirmation of a letter By credit to War Loan Deposit Account r~] p f B e f ore signing fill in all required spaces. Banking Institution Post Office Address r~| rn r~| 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 ARE FOR THE USE OF THE FEDERAL RESERVE BANK Examined Carded Allotment Received Classified Figured Checked Ledger (. becked Advised Recorded Acknowledged Government Deposit Hold Method of Payment Window Disposition Amount Custody Date Released Mail i 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 BTC-N Lot Number Application Number Cash Subscription by Banking Institution To United States Government Obligations Described Below Dated at. .1938 One day's interest on $1,000 on coupon payable June 15, 1939 (182 day period) is $.030906593. 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. 600, dated December 5,1938, please enter subscription as follows for UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES, SERIES B-1943 DATED DECEMBER 15, 1938 DUE DECEMBER 15, 1943 *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 SUBSCRIBER: DO not show on this form denominations of securities of this issue to be desired on allotment.) CLASS A Subscriptions of 81,000 and under Amount Nu.'uber of Leave Blank of Each Subscript's CLASS Bl CLASS B2 CLASS C Subscriptions over SI,000 to 85,000 Inclusive Subscriptions over £5,000 to J10.000 Incl. Subscnj tions over $10,000 to £50,000 Incl. Number of 1 Amount Number of I Amount Number of Amount Leave Blank Subscript's | Leave Blank Subscript's Leave Blank of Each Subscript's | of Bach of Each at at at at at at at at at at at at at at at at at at at at at at at at at at at at 1 CLASS E CLASS F CLASS G CLASS D Subscriptions of over $1,000,000 Subscriptions over $50,000 to $100,000 Incl. Sub's over $100,000 to 8500,000 Inclusive Sub's over §500,000 to §1,000,000 Inclusive Number of 1 Amount Number oil Amount Number of Number of Amount Amount Leave Blank Subscript's | Leave Blank Subscript's | Leave Blank Subscript's Leave Blank of Each of Each of Each of Each Subscript's at at at at at at at at at at at at at at at at at 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 our reserve account pj By credit to War Loan Deposit Account r—i By check - - - - - - - . - r-j TO SUBSCRIBES: Mark (X) in proper space to indicate if this is: SW*Bef ore signing fill in all required space*. Banking Institution Post Office Address. Original subscription Confirmation of a telegram Confirmation of a letter State. D • • (Official signature required) •NOTI: 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 AEE FOE THIS USE OF THE FEDEEAL EESEEVE BANK i,xanuned Carded ,_ «». Figured Allotment Received Classified Checked Ledger Checked Advised Recorded Acknowledged Government Deposit Hold Method of Payment Window Disposition Amount 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 IB-B-L Application Number CASH SUBSCRIPTION Lot Number IB BY OTHER THAN A BANKING INSTITUTION To United States Government 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. 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. 598, dated December 5, 1938, please enter our (my) subscription for $ (par value) UNITED STATES OF AMERICA 23^ PERCENT TREASURY BONDS OF 1960-65 DATED DECEMBER 15, 1938 DUE DECEMBER 15, 1965 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.. Write Yes Write No Subscriber . (Print Name) S i g n here . . . . (Official Signature Required) Street address Town State SPACES BELOW ABE FOE THE USE OF THE FEDERAL RESERVE BANK OF NEW YOEK EXAMINED CARDED CLASSIFIED ACKNOWLEDGED LEDGER Figured Checked Advised Allotment Payment Released Date 8 Deposit Date DISPOSITION By By Cash — By Check Check No. Received Checked Interest Checked Drawn on Recorded Window Custody Mail IB-N Lot Number Application Number CASH SUBSCRIPTION IB BY OTHER THAN A BANKING INSTITUTION To United States Government 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. One day'8 interest on $1,000 on coupon payable June 15, 1989 (182 day period) is $.030906593. FEDERAL RESERVE BANK OP NEW YORK, Fiscal Agent of the United States, New York, N. Y. DEAR SIRS : Pursuant to the provisions of Treasury Department Circular No. 600, dated December 5,1938, please enter our (my) subscription for $ (par value) UNITED STATES OF AMERICA i y 8 PERCENT TREASURY NOTES, SERIES B-1943 DATED DECEMBER 15, 1938 DUE DECEMBER 15, 1943 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.. Write Yes Write No Subscriber . (Print Name) Sign here . . . . (Official Signature Required) Street address Town State SPACES BELOW ABE FOR THE USE OF THE FEDEEAL RESERVE BANK OF NEW YORK EXAMINED CARDED CLASSIFIED LEDGER ACKNOWLEDGED Figured Checked Advised Allotment DISPOSITION Payment f Deposit Date Date Released $ By By Cash By Check Check No. Received Checked Interest Checked Drawn on Recorded Window Custody Mail EA-B-S EXCHANGE SUBSCRIPTION This Form Should Be Used When United States of America 1% Percent Treasury Notes of Series C-1939 Maturing March 15, 1939 Are Tendered in Payment for Treasury Bonds to be Allotted on Subscriptions FOR UNITED STATES OF AMERICA 2 PERCENT TREASURY BONDS OF 1947 Dated December 15,1938 Due December 15, 1947 NOTE: The securities of the United States 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 below. If registered securities of the series offered are desired upon issue the required necessary instructions must be given as indicated in the spaces provided on this subscription. Coupons dated March 15, 1939, must be attached to the notes when surrendered, and accrued interest from September 15, 1938, to December 15, 1938 ($3.770718 per $1,000), will be paid following acceptance of the notes. Subscriptions for which securities of the United States are tendered in payment and accepted will be allotted in full. Dated at. FEDERAL EESERVE BANK OF NEW YORK, .1938 Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the provisions of Treasury Department Circular No. 599, dated December 5, 1938, the undersigned hereby tenders in payment for United States of America 2 percent Treasury Bonds of 1947, United States of America iy2 percent Treasury Notes of Series C-1939 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 Treasury securities hereby tendered in Issue Treasury securities allotted on this subscription in the denominapayment are, as indicated below,— tions and amounts as indicated below: Flndicate by X mark and use a separate form | when coupon or registered Treasury securi1 ties of this series are desired in exchange.^] In coupon form Number of Pieces Delivered to you herewith Leave this Space Blank Par Amount Denominations In registered form $50 100 $ To be withdrawn by you from our account in the Government Bond Department (War Loan Deposit Account) $ 1,000 Safekeeping Department $ 5,000 Discount Department $ 500 10,000 X X X X X X X X X To be delivered to you for our account by X 100,000 $ Total It is requested that payment of accrued interest to December 15, 1938, on Treasury Notes of Series C-1939 surrendered, as indicated above, be disposed of as follows: By cheek to [ By credit to our Reserve account Q By credit to our account with [-] Hold or dispose of Treasury securities allotted on this subscription 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. Register in the names as indicated in the schedule on next page 5. Deliver over counter to the undersigned 6. Ship to the undersigned 7. Deliver as requested in the following special instructions TO Dispose of such payment as follows Against payment of Par amount 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 7 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. igg^3 Before Signing Fill in All Bequired Spaces. TO SUBSCRIBER: Mark (X) in proper space to indicate if this is: Original subscription • Confirmation of a telegram • Confirmation of a letter • Name (Please print) Sign here (Official signature required) Street Address.... Town and State Spaces below are for the use of the Federal Reserve Bank of New York DELIVERY EECEIPT Taken from vault Received Checked , Counted Eecorded Checked Acknowledged Blotter Delivered FIGURED CHECKED SCHEDULE FOR ISSUE OF REGISTERED BONDS Names and addresses must be printed or typewritten. Indicate under appropriate denominations, number of bonds desired. Name in which bonds shall be registered, end postoffice address for interest checks and mail. Amount $50 ?100 $500 $1,000 $5,000 $10,000 XXX $1C List of customers' applications included in the foregoing subscription entered and certified by (M«ue ol l/auk or truat furtuyt^aj) l'o»t oflice sddrca* Name ofCustomer (Please print or use typewriter) Acfdress State. Amount Subscribed EA- B-L EXCHANGE SUBSCRIPTION This Form Should Be Used When United States of America ll/2 Percent Treasury Notes of Series C-1939 Maturing March 15, 1939 Are Tendered in Payment for Treasury Bonds to be Allotted on Subscriptions FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1960-65 Dated December 15,1938 Due December 15, 1965 NOTE: The securities of the United States 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 below. If registered securities of the series offered are desired upon issue the required necessary instructions must be given as indicated in the spaces provided on this subscription. Coupons dated March 15, 1939, must be attached to the notes when surrendered, and accrued interest from September 15, 1938, to December 15, 1938 ($3.770718 per $1,000), will be paid following acceptance of the notes. Subscriptions for which securities of the United States are tendered in payment and accepted will be allotted in full. Dated at. FEDERAL RESERVE BANK OP NEW YORK, .1938 Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the provisions of Treasury Department Circular No. 598, dated December 5, 1938, the undersigned hereby tenders in payment for United States of America 2% percent Treasury Bonds of 1960-65, United States of America Vfa percent Treasury Notes of Series C-1939 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 Treasury securities hereby tendered in Issue Treasury securities allotted on this subscription in the denominapayment are, as indicated below,— tions and amounts as indicated below: In coupon form Number of Pieces Indicate by X mark and use a separate form I when coupon or registered Treasury securities of this series are desired in exchange.^ Delivered to you herewith Leave this Space Blank Par Amount Denominations In registered form To be withdrawn by you from our account in the Government Bond Department (War Loan Deposit Account) 100 500 Safekeeping Department 1,000 Discount Department 5,000 10,000 To be delivered to you for our account by 100,000 Total It is requested that payment of accrued interest to December 15, 1938, on Treasury Notes of Series C-1939 surrendered, as indicated above, be disposed of as follows: By check to By credit to our Reserve account • • • By credit to our account with Hold or dispose of Treasury securities allotted on this subscription 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. Register in the names as indicated in the schedule on next page 5. Deliver over counter to the undersigned 6. Ship to the undersigned 7. 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; (b) 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 7 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. 2W* Before Signing Fill in All Eequired Spaces. TO SUBSCRIBER: Mark (X) in proper space to indicate if this is: Original subscription • Confirmation of a telegram • Confirmation of a letter • Name (Please print) Sign here. (Official signature required) Street Address Town and State. Spaces below are for the use of the Federal Reserve Bank of New York DELIVEKY EECEIPT Eeceived Taken from vault Checked Counted Kecorded Checked Acknowledged Blotter Delivered FlOTTHED CHECKED SCHEDULE FOR ISSUE OF REGISTERED BONDS IS^ 3 Names and addresses must be printed or typewritten. Indicate under appropriate denominations, number of bonds desired. Name in which bonds shall be registered, and postoffice address for interest checks and mail. Amount $50 $100 $500 $1,000 $5,000 $10,000 XXX List of customers' applications included in the foregoing subscription entered and certified by (Name ui bank or trust company) Post office address Name of Customer (Please print or use typewriter) Address State. Amount Subscribed EA-N EXCHANGE SUBSCRIPTION This Form Should Be Used When United States of America 1*4 Percent Treasury Notes of Series C-1939 Maturing March 15, 1939 Are Tendered in Payment for Treasury Notes to Be Allotted on Subscriptions FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY NOTES OF SERIES B-1943 Dated December 15,1938 Due December 15,1943 One day's interest on $1,000 on coupon payable June 15, 1939 (182 day period) is $.030906593. Note: The securities of the United States 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. Coupons dated March 15, 1939, must be attached to the notes when surrendered, and accrued interest from September 15, 1938, to December 15, 1938, ($3.770718 per $1,000), will be paid following acceptance of the notes. Subscriptions for which securities of the United States 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. 600, dated December 5, 1938, the undersigned hereby tenders in payment for United States of America 1% percent Treasury Notes of Series B-1943, United States of America 1 ^ percent Treasury Notes of Series C-1939 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 in the denominaThe Treasury securities hereby tendered in tions and amounts as indicated below: payment are, as indicated below,— Number of Pieces Par Amount. Denominations Leave this Space Blank Delivered to you herewith X X X X X X X To be withdrawn by you from our account in the $100 500 Government Bond Department (War Loan Deposit Account) $ 1,000 5,000 10,000 X X X X $ X X X X X X Safekeeping Department $ Discount Department $ To be delivered to you for our account by X 100,000 «p Total It is requested that payment of accrued interest to December 15, 1938, on Treasury Notes of Series C-1939 surrendered, as indicated above, be disposed of as follows: By check to • By credit to our Reserve account • By credit to our account with • Hold or dispose of Treasury securities allotted on this subscription 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 $ TO Against payment of Par amount 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; (&) 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 Required Spaces. Name TO SUBSCRIBER: (Please print) Mark (X) in proper space to indicate if this is: Original subscription • Confirmation of a telegram • Confirmation of a letter Q Sign here (Official signature required) Street Address Town and State. Spaces below are for the use of the Federal Reserve Bank of New York DELIVERY rtKCEIPT Received Taken from vault Checked Counted Recorded Checked Acknouicd: 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 typewriter) Address State Amount Subscribed XR-Bl >RIGINAL NON-NEGOTIABLE RECEIPT For United States Government Obligations as Mentioned Below 3sued to... Number.... Street. Date Town State. Receipt is hereby acknowledged of $ par amount United States of America 1% Percent Treasury Notes of Series C-1939 irreiidered in payment for United States of America 2 Percent Treasury Bonds of 1947 subscribed for and allotted in full pursuant to the terms f Treasury Department Circular No. 599, dated December 5, 1938. If such new securities issued in exchange for those surrendered are to be delivered t the Federal Reserve Bank of New York over the counter to your representative the "authority to deliver" set forth below should be duly executed ad returned to us. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Date Received Mail Sheet No Refer to your letter dated No. Teller. AUTHORITY TO DELIVER FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. You are hereby authorized to deliver to DELIVERY RECEIPT Received from the Federal Reserve Bank of New York United States Government obligations at par in the amount stated above in exchange for United States Government obligations surrendered in payment as indicated in the above non-negotiable receipt. (Name of representative) whose signature appears below $ par amount of United States Government obligations subscribed for and allotted in full in exchange for United States Government obligations surrendered in payment as indicated in the above non-negotiable receipt. Name By. (Please print) (Official signature required) Date. (Signature of authorized representative) JPLICATE FILE COPY OF NON-NEGOTIABLE RECEIPT For United States Government Obligations as Mentioned Below ;ued to Number Street Date Town State Receipt is hereby acknowledged of $ par amount United States of America 1% Percent Treasury Notes of Series C-1939 (rendered in payment for United States of America 2 Percent Treasury Bonds of 1947 subscribed for and allotted in full pursuant to the terms Treasury Department Circular No. 599, dated December 5, 1938. If such new securities issued in exchange for those surrendered are to be delivered the Federal Reserve Bank of New York over the counter to your representative the ' ' authority to deliver'' set forth below should be duly executed d 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 XR-B2 ORIGINAL NON-NEGOTIABLE RECEIPT For United States Government Obligations as Mentioned Below Tssued to... Number Street. Date Town State. Eeceipt is hereby acknowledged of $ par amount United States of America 1% Percent Treasury Notes of Series C-1939 surrendered in payment for United States of America 2% Percent Treasury Bonds of 1960-65 subscribed for and allotted in full pursuant to the terms of Treasury Department Circular No. 598, dated December 5, 1938. If such 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. DELIVERY RECEIPT AUTHORITY TO DELIVER FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. You are hereby authorized to deliver to Received from the Federal Reserve Bank of New York United States Government obligations at par in the amount stated above in exchange for United States Government obligations surrendered in payment as indicated in the above non-negotiable receipt. (Name of representative) whose signature appears below $ par amount of United States Government obligations subscribed for and allotted in full in exchange for United States Government obligations surrendered in payment as indicated in the above non-negotiable receipt. Name By (Please print) (Official signature required) Date (Signature of authorized representative) UPLICATE FILE COPY OF NON-NEGOTIABLE RECEIPT For United States Government Obligations as Mentioned Below sued to... Number Street. Date Town .. State. Eeceipt is hereby acknowledged of $ par amount United States of America 1% Percent Treasury Notes of Series C-1939 rrendered in payment for United States of America 2% Percent Treasury Bonds of 1960-65 subscribed for and allotted in full pursuant to the terms ! Treasury Department Circular No. 598, dated December 5, 1938. If such new securities issued in exchange for those surrendered are to be delivered . the Federal Eeserve Bank of New York over the counter to your representative the "authority to deliver" set forth below should be duly executed id returned to us. FEDERAL EESEBVE BANK OF NEW YORK Fiscal Agent of the United States. Date Received Refer to your letter dated Mail Sheet No. , No. Teller NR-TN ORIGINAL NON-NEGOTIABLE RECEIPT For United States Government Obligations as Mentioned Below Number. Issued to.., Date .. Street. Town State. Receipt is hereby acknowledged of $ par amount United States of America 1V2 Percent Treasury Notes of Series 0-1939 surrendered in payment for United States of America 1% Percent Treasury Notes of Series B-1943 subscribed for and allotted in full pursuant to the terms of Treasury Department Circular No. 600, dated December 5, 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 ued and returned to us. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. Date Received Mail Sheet No. Refer to your letter dated Teller. No. DELIVERY RECEIPT AUTHORITY TO DELIVER FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States. You are hereby authorized to deliver to Received from the Federal Reserve Bank of New York United States Government obligations at par in the amount stated above in exchange for United States Government obligations surrendered in payment as indicated in the above non-negotiable receipt. (Name of representative) whose signature appears below $ par amount of United States Government obligations subscribed for and allotted in full in exchange for United States Government obligations surrendered in payment as indicated in the above non-negotiable receipt. Name By. (Please print) (Official signature required) Date. (Signature of authorized representative) -ICATE FILE COPY OF NON-NEGOTIABLE RECEIPT For United States Government Obligations as Mentioned Below Number Street. Date Town State. Receipt is hereby acknowledged of $ par amount United States of America 1% Percent Treasury Notes of Series 0-1939 irrendered in payment for United States of America 1% Percent Treasury Notes of Series B-1943 subscribed for and allotted in full pursuant to the rins of Treasury Department Circular No. 600, dated December 5, 1938. If such new securities issued in exchange for those surrendered are to be ,'livered at the Federal Reserve Bank of New York over the counter to your representative the ' ' authority to deliver'' set forth below should be duly ceeuted 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 FEDERAL RESERVE BANK SEC-ATS-t.B OF NEW YORK ADVICE TO SUBSCRIBER KCUR.T.ES DEPARTMENT Acknowledging Receipt of Cash Subscription For United States Government Obligations Mentioned Below To Application No. Date Your cash subscription for $ United States of America 234 Percent Treasury Bonds of 1960-65, Dated December 15, 1938, Due December 15, 1965 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 United States, 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 OF NEW YORK To CARD SEC-ATS—2.B SECURITIES DEPARTMENT RECORD Application No. Dot* Cash subscription received from above subscriber for $ United States of America 2% Percent Treasury Bonds of 1960-65, Dated December 15,1938, Due December 15,1965 AMOUNT ALLOTTED $. FEDERAL RESERVE BANK OP NSW YORK SEC—ATS-3.B SECURITIES DEPARTMENT CONTROL RECORD Application No. Date Cash subscription received from above subscriber for $ United States of America 2% Percent Treasury Bonds of 1960-65, Dated December 15, 1938, Due December 15, 1965 FEDERAL. RESERVE BANK SEC-A7S-1.NL OF NEW VORK ADVICE TO SUBSCRIBER SECUR m ES DEPARTMENT Acknowledging Receipt of Cash Subscription F o r United States Government Obligations Mentioned Below To Application No. Date Your cash subscription for $ United States of America 1% Percent Treasury Notes, Series B-1943, Dated December 15, 1938, Due December 15,1943 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 United States, 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. by. DigitizedChecked for FRASER FEDERAL RESERVE BANK OF NEW YORK. Fiscal Agent of the United States. FEDERAL RESERVE BANK OFNEWYORK To SEC-ATS—2.NL. CARD RECORD ««««»O Application No. Date Cash subscription received from above subscriber for $ United States of America 1V8 Percent Treasury Notes, Series B-1943, Dated December 15,1938, Due December 15,1943 AMOUNT ALLOTTED $. FEDERAL RESERVE BANK OF NEW YORK SEC—ATS—3.NL SECURITIES DEPARTMENT CONTROL RECORD Application No. To Date Cash subscription received from above subscriber for $ United States of America 1% Percent Treasury Notes, Series B-1943, Dated December 15,1938, Due December 15,1943 FEDERAL RESERVE B A N K OF N E W YORK Lot Number Application Number 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: 1938 ferring to your subscription, numbered as above indicated, for $ (par value) UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1960-65 DATED DECEMBER IS, 1938, DUE DECEMBER 15, 1965 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 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 duo, but such check need not necessarily accompany the attached letter of instructions. The proceeds of a cheek 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 thia 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. 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. (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 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 Checked by NA-BL Application Number Lot Number LETTER OF INSTRUCTIONS To FEDERAL RESERVE BANK OF KEW 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) UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1960-65 DATED DECEMBER 15, 1938, DUE DECEMBER 15, 1965 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. Denomina tions Pieces Par amount Method of payment (LEAVE BLANK) $50 By charge to our reserve account... 100 $. 500 By check. 1,000 5,000 By cash 10,000 100,000 $ By credit to War Loan Deposit Account as shown in the following ' ' Certificate of Advice'': Total CERTIFICATE OF ADVICE December 15, 1938. 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, $ To be executed only when subscriber is making payment through War Loan Deposit Account. Cashier or Vice President. Plold 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. Register in the names as indicated in the schedule on reverse side 5. Deliver over counter to the undersigned 6. Ship to the undersigned 7. Deliver as requested in the following special instructions Dispose of such payment as f ollovrs Against payment of Par amount TO Credit our reserve account $ft $ $ We hereby certify (a) that such securities a* 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 7 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. t2T This letter of instructions must be signed officially in the space provided here and returned immediately to Federal Reserve Bank of New York, Name. Post Office Address. State. Fiscal Agent of the United States. Official signature required DO \OT USE SPACES BELOW Paid Stamp Eeleased Taken from Vault Counted Delivery Eeeeipt Keceived from FEDERAL EESERVE BANK OF NEW YORK the above described Amount. United States Government obligations allotted in the amount indicated above. Subscriber Checked Delivered XA-BL By Date. By SCHEDULE FOR ISSUE OF REGISTERED BONDS Names and addresses must be printed or typewritten. Indicate under appropriate denominations, number of bonds desired. Name in which bonds shall be registered, and postoffice address for interest checks and mail. Amount $50 $100 $500 $1,000 $5,000 $10,000 $i X X X I •• | •• : Lot Number FEDERAL RESERVE BANK 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: 1933 Referring to your subscription, numbered as above indicated, for $ (par value) UNITED STATES OF AMERICA 1 Vs PERCENT TREASURY NOTES OF SERIES B-1943 DATED DECEMBER 15, 1938, DUE DECEMBER 15, 1943 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 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 Eeserve 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. 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. (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 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 State* Checked by. NA-N Lot Number Application Number LETTER OF INSTRUCTIONS To FEDERAL RESERVE BANK OF NEW YORK, Fiscal Agent of the United States, New York, N. Y. Prom (Name and address of Subscriber) 1938 Referring to our subscription, numbered as above indicated, for $ (par value) UNITED STATES OF AMERICA 1 % PERCENT TREASURY NOTES OF SERIES B-1943 DATED DECEMBER 15, 1938, DUE DECEMBER 15, 1943 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. Denominations Pieces Par amount Method of payment (LEAVE BLANK) $100 By charge to our reserve account... $. 500 1,000 By check 5,000 By cash 10,000 100,000 Total By credit to War Loan Deposit Account as shown in the following "Certificate of Advice": $ CERTIFICATE OF ADVICE December 15,1938. 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, $ To be executed only when subscriber is making payment through War Loan Deposit Account. Cashier or Vice President. 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 $ TO Par amount Dispose of such payment as follows Against payment of Credit our reserve account Cp $ 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. Eeir'This letter of instructions must be signed officially in the space provided here and returned immediately to Federal Reserve Bank of New York, Name. Post Office Address. State. Fiscal Agent of the United States. Official signature required DO NOT USE SPACES BELOW Paid Stamp Eeleased Received from FEDEEAL RESERVE BANK OF N E W YORK the above described Taken from Vault. Counted Delivery Eeceipt Amount United States Government obligations allotted in the amount indicated above. Subscriber. Checked Delivered NA-N By. Date. By.