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FEDERAL RESERVE BANK

OF NEW YORK
Fiscal Agent of the United States

Circular No. 2095
July 11, 1940

Offering of United States of America 2~4 Percent Treasury Bonds of 1954-56
Dated and bearing interest from July 22, 1940

To all Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

Secretary of the Treasury Morgenthau today announced an offering, at par and accrued
interest, of 2 ^ percent bonds of the United States, designated Treasury Bonds of 1954-56. The
amount of the public offering is $600,000,000, or thereabouts. In addition to the amount offered
for public subscription $50,000,000, or thereabouts, of these bonds may be allotted to Government investment accounts. The bonds will be dated July 22, 1940 and will bear interest from
that date at the rate of 21/4 percent per annum and will mature on June 15, 1956. The terms
of this offering are set forth in Treasury Department Circular No. 637 dated July 11, 1940,
copy of which is printed on the following pages.
It will be noted from Section III of Treasury Circular No. 637 that subscriptions for
amounts up to and including $5,000 where the subscribers specify that delivery be made in
registered bonds 90 days after the issue date will be given preferred allotment and that, in
each such case, a subscriber may not enter any other subscription.
The subscription books for this offering are now open, and applications will be received by
this bank asfiscalagent of the United States. Subscriptions should be made on official subscription blanks and mailed immediately or, iffiledby telegram or letter, 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 a complete classification of the subscriptions, if any,
for the customers of the subscribing bank as provided for in the subscription blank.




GEORGE L. HARBISON,

President.

UNITED STATES OF AMERICA
254 PERCENT TREASURY BONDS O F 1954-56
Dated and bearing interest from July 22, 1940
Due June 15, 1956
REDEEMABLE AT THE OPTION OF THE UNITED STATES AT PAR AND ACCRUED INTEREST
ON AND AFTER JUNE 15, 1954
Interest payable June 15 and December 15

1940

Department Circular No. 637

TREASURY DEPARTMENT,
_

™

OFFICE OF THE SECRETARY,

Fiscal Service

_ .

Bureau of the Public Debt

7

.

T 7

^nzn

Washington, July 11, 1940.

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
1954-56. The amount of the public offering is $600,000,000, or thereabouts. In addition to the amount
offered for public subscription, $50,000,000, or thereabouts, of these bonds may be allotted to Government investment accounts.
II. DESCRIPTION OF BONDS
1. The bonds will be dated July 22, 1940, and will bear interest from that date at the rate of
2 ^ percent per annum, payable on a semiannual basis on December 15, 1940, and thereafter on
June 15 and December 15 in each year until the principal amount becomes payable. They will
mature June 15, 1956, but may be redeemed at the option of the United States on and after June
15, 1954, 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. 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. Subscriptions from all
others must be accompanied by payment of 10 percent of the amount of bonds applied for.
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, and to close the books as to any or all subscriptions at any time without notice; and any action he may take in these respects shall be final.
Subscriptions for amounts up to and including $5,000 where the subscribers specify that delivery
be made in registered bonds 90 days after the issue date will be given preferred allotment. In each
such case a subscriber may not enter any other subscription, and payment must be made as provided
in section IV of this circular. 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 hereunder must be made or
completed on or before July 22, 1940, 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.
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
t i e Federal Reserve Banks.




HENRY MORGENTHAU, Jr.,
Secretary of the Treasury.

FEDERAL RESERVE BANK

SEC—ATS—I.B

OP NEW YORK

ADVICE TO SUBSCRIBER

SECUR.TIES DEPARTMENT

Acknowledging Receipt of Cash Subscription
For United States Government Obligations Mentioned Below
To

Application No.
Date

~l
L

J
Your cash subscription for $
United States of America 2V4 Percent Treasury Bonds of 1954-56, Dated July 22, 1940, Due June 15, 1956
on which allotment is desired other than preferred allotment, 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 abovementioned 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 OP NEW YORK,

Fiscal Agent of the United States.

Checked by.



FEDERAL RESERVE BANK
OF NEW YORK

To

SKC-ATS—2.B
/^Anr-s
CARD RECORD

ra^A-»^^rar>

SECURITIES DEPARTMENT

Application No.
Date

Cash subscription received
from above subscriber for $
United States of America 2V4 Percent Treasury Bonds of 1954-56, Dated July 22, 1940, Due June 15, 1956




AMOUNT ALLOTTED $.

FEDERAL RESERVE BANK

SEC-ATS-1 .B-P

OF MEW YORK

ADVICE TO SUBSCRIBER

SECUR.T.ES DEPARTMENT

Acknowledging Receipt of Cash Subscription
For United States Government Obligations Mentioned Below
To

Application No.

r

i

Date

J
Your cash subscription for $
United States of America 2% Percent Treasury Bonds of 1954-56, Dated July 22, 1940, Due June 15, 1956
for preferred allotment, 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

SEC-ATS-Z.B-P
SECURITIES DEPARTMENT

CARD RECORD

Application No.

To

Date

FOR PREFERRED ALLOTMENT
Cash subscription received
from above subscriber for $
United States of America 7\/A Percent Treasury Bonds of 1954-56, Dated July 22, 1940, Due June 15, 1956




AMOUNT ALLOTTED

$.

BTC-B-L

Lot Number

This form is to be used for subscriptions on which allotment is
desired other than preferred allotment. Form BTC-B-P should
be used when entering subscriptions for preferred allotment.

Application Number

Cash Subscription by Banking Institution
To United States Government Obligations
Described Below
Dated at.
.1940
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. 637, dated July 11, 1940, please enter subscription as follows for

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940
DUE JUNE 15, 1956
•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
CLASS Bl
CLASS B2
CLASS C
Subscriptions of $1,000 and under
Subscriptions over Sl,000 to $5,000 Inclusive Subscriptions over So,000 to $10,000 Incl. Subscriptions over S10.000 to S50.000 Incl.
Numbpr ofl
Amount
Number of
Amount
Amount
Number ofl
Amount
Number of
Leave Blank
Leave Blank
Leave Blank Subscript's
Leave Blank Subscript's 1
Subscript's I
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

at

at

at

at

I
CLASS F
CLASS G
CLASS D
CLASS E
Subscriptions over $60,000 to 8100,000 Incl. Sub's over S100.000 to §500,000 Inclusive Sub's over $500,000 to Sl.000,000 Inclusive
Subscriptions of over $1,000,000
Number of
Number ofl
Amount
1 T
_. , Number of
Amount
Amount
Amount
1T
-ci i Number ofl
Leave Blank
Leave Blank Subscript's
of Each
1 Leave Blank Subscript's 1
Subscript's 1
of Each
Leave Blank Subscrip t's
of Each
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

J

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 charge to our reserve account, which you are
authorized to make
r—]
By check

By credit to War Loan Deposit Account - - - -

•

ill in all required spaces before signing.

r~]

TO SUBSCBIBEE:
Mark (X) in proper space
to indicate if this i s :

(Name of Banking Institution)

Original subscription
Confirmation of a telegram
Confirmation of a letter

By.

r~\
I I
—
I—i

(Official signature)

(Title)

Address
(City, Town or Village, and State)

•NOTE:

Securities of this issue allotted to a qualified depositary for its own account may be paid for by credit to War Loan Deposit Aceount
and may also he deposited with Federal Seserve 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 consenc
of the owners of such securities.
SPACES BELOW AEE FOE THE USE OF THE FEDEEAL RESEEVE BANK
Examined

Carded

Allotment

Cla ssiried

i igured

Ledger

i Checked

Advised \

Checked




Government Deposit

Hold
Method of Payment

Disposition

Amount

Date Released

i

i
Received

Acknowledged

Recorded

Window

Custody

.Mail

1I

By

Other Departments

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of banking institution)

Post office address

Name of Customer
(Please print or use typewriter)




Address

State.

Amount Subscribed

BTC-B-P

Application Number

Cash Subscription by Banking Institution
For Preferred Allotment

Lot Number

Of United States Government Obligations Described Below
(For subscriptions on which other allotment is desired, use Form BTC-B-L)
Dated at.
.1940

Subscriptions for amounts up to and including $5,000 where the subscribers specify that delivery be made in
registered bonds ninety days after the issue date will be given preferred allotment.
A subscriber may enter subscription either for preferred allotment, or for other allotment, but not for both. A
subscriber for preferred allotment will be restricted to one subscription.
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. 637, dated July 11, 1940, please enter subscription for

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940
DUE JUNE 15, 1956
as indicated below—
For our own account

$

For our customers

=

Total Subscription

$

and in each case subscriber specifies that delivery be made in registered bonds ninety days after the date of issue so that
such subscription will be given preferred allotment.
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 charge to our reserve account, which you are
authorized to make
I
By check

By credit to War Loan Deposit Account

r~]

ill in all required spaces before signing.

•

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

(Name of Banking Institution)

By

Original subscription
Confirmation of a telegram
Confirmation of a letter

(Official signature)

Address

(Title)

(City, Town or Village, and Stated

SPACES BELOW AEE FOE THE USE OP THE FEDEBAL BESESVE BANK
Examined

Canled

Cla.3sified

Ledger

Acknowledged

Government Deposit

Disposition

H

Allotment

Received

Figured

Checked




Checked

Advised

Recorded

Method of Payment

Window

Amount

Custody

Date Released

Mail

By

Other Departments

List of customers' applications included in the foregoing subscription
entered and certified by
(Name of banking institution)

Post office address

Name of customer in which
bonds shall be registered
(Please print or use typewriter)




Post-Office Address for
interest checks and mail

State.

Amount Subscribed

IB-B-L

This form is to be used for subscriptions on which allotment is
desired other than preferred allotment. Form IB-B-P should
be used when entering subscriptions for preferred allotment.

Lot Number

Application Number

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION
To United States Government Obligations
Described Below
Dated at
.1940

This application must be accompanied by payment of 10 percent of the amount applied for.

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. 637, dated July 11, 1940, please enter our
(my) subscription for $
(par value)

UNITED STATES OF AMERICA 2y4 PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940
DUE JUNE 15, 1956
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 payin the manner indicated below
ment due you will be made by the undersigned or (name)
By cash
•
By check
•
This is a confirmation of a previous subscription..
Write Yes
Write No

Subscriber

(Print name)

Sign here
(Official Signature Required)

Street address.

(City, Town or Village, and State)

SPACES BELOW ABE FOE THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
EXAMINED

Allotment

CARDED

CLASSIFIED

LEDGER

Figured Checked Advised

ACKNOWLEDGED

DISPOSITION

Payment

Released

Deposit
Date

$

Date

—

By

By Cash
By Check
Check No.

Received

Checked




Interest

Checked

Drawn on

Recorded

Window

Custody

Mail

IB-B-P

Application Number

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION

Lot Number

For Preferred Allotment
Of United States Government Obligations Described Below
(For subscriptions on which other allotment is desired, use Form IB-B-L)
Dated at.
.1940

Subscriptions for amounts up to and including $5,000 where the subscribers specify that delivery be made in
registered bonds ninety days after the issue date will be given preferred allotment.
A subscriber may enter subscription either for preferred allotment, or for other allotment, but not for both. A
subscriber for preferred allotment will be restricted to one subscription.
This application must be accompanied by payment of 10 percent of the amount applied for.
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. 637, dated July 11, 1940, please enter our
(my) subscription for $

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940
DUE JUNE 15, 1956
Subscriber hereby specifies that delivery be made in registered bonds ninety days after the date of issue so that this
subscription will be given preferred allotment.
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 the undersigned or (name)
in the manner indicated below:
By check

Q

By cash

This is a confirmation of a previous subscription

•

Write Yes
or
Write No
Subscriber . . .

(Print name)

Sign here
(Official Signature Required)

Street address.
(City, Town or Village, and State)

SPACES BELOW ARE FOE THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
EXAMINED

Allotment

CAEDED

ACKNOWLEDGED

CLASSIFIED

Figured Checked Advised

DISPOSITION

Released

Payment
S

Deposit
Date

$

By

By Cash
By Check
Check No.

Received

Checked




Interest

Checked

Drawn on

Recorded

Window

Cnatody

Date

Lot Number

FEDEKAL EESERVE BANK OF NEW YORK

Fiscal Agent of the United States

WINDOW TICKET
Pending Delivery, Relating To

NOTICE OF ALLOTMENT
On Cash Subscription for Preferred Allotment of Registered United States Government Obligations
Applied for by Subscriber for Delivery 90 Days After the Issue Date.
To Subscriber:
1940

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

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940, DUE JUNE 15, 1956

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.

Lot Number

FEDERAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription for Preferred Allotment of Registered United States Government Obligations
Applied for by Subscriber for Delivery 90 Days After the Issue Date.
To Subscriber:
1940

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

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940, DUE JUNE 15, 1956

_

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 facilitate 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 Reserve Bank of New York, fiscal agent of the United States, receives the proceeds of such check, and, therefore, such subscriber
should tender such certified check at least 2 days prior to the date payment is due.
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—If subscriber is a depositary of public moneys qualified under the previsions 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.

Delivery
3. (a) Delivery of the securities of this issue will be made by the Federal Reserve Bank of New York at its head
office in New York, N. Y. Subscriber has specified that delivery be made 90 days after the issue date.
(b) Securities of this issue allotted to subscriber will be delivered over the counter to a representative of the
subscriber only when a letter of authority signed officially by the subscriber identifying such representative is presented
by him.
Further Instructions
4. (a) Securities of this issue will be held for safekeeping by the Federal Reserve Bank of New York for the
"iceount of member banks only, provided such securities are the sole property of the member bank and registered in its name.
(b) It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to
his bank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States
_Jhecked by
JA-B-P




Lot Number

Application Number

LETTER OF INSTRUCTIONS

To FEDERAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States,
New York, N. Y.
From (Name and address of Subscriber)
1940

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

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940, DUE JUNE 15, 1956

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 the securities of this issue allotted to us as indicated in the schedule on the reverse side.
Payment for such securities will be made or completed as indicated below.
By charge to our reserve account, which you are authorized to make $
By check

$

By cash

$

By credit to War Loan Deposit Account as shown in the following '' Certificate of Advice'':
CERTIFICATE OF ADVICE
July 22, 1940
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
Dollars, $

sum of
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 (provided securities are sole property of member bank and registered in its name) $.
2. Deliver over the counter to the undersigned

$.

3. Ship to the undersigned

$.
Name of Subscriber

ISF'This letter of instructions must be signed
officially in the space provided here and
returned immediately tO

Federal Reserve Bank of New York,
Fiscal Agent of the United States.

(Please print)

By
(Title)

(Official signature required)
Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW

Received from FEDERAL RESERVE BANK or NEW YOEK the above described

Taken from Vault.
Counted

Delivery Keceipt

Paid Stamp

Released
Amount

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

Checked
Delivered
NA-B-P




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 of this issue shall be registered,
and postoffice address for interest checks and mail.




Amount

$50

$100

$500

$1,000

$5,000

XXX

X X X

X

FEDEEAL RESERVE B A N K OF N E W YOEK

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:
1940

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

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940, DUE JUNE 15, 1956

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 Keserve 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 Reserve 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 will be made by the Federal Reserve Bank of New York at its head
office in New York, N. Y., and will not be made 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
ieserve Bank of New York for the account of member banks only, provided such securities are the sole property of the
nember bank.
(b) It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to this
jank and that such letter be signed officially and returned to this bank without delay.
FEDERAL RESERVE BANK OP NEW YORK,

Fiscal Agent of the United States
Checked by
NA-BL




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)
1940

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

(par value)

UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1954-56
DATED JULY 22, 1940, DUE JUNE 15, 1956

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

$

By cash

$

By credit to War Loan Deposit Account as shown in the following ' ' Certificate of Advice'':
CERTIFICATE OF ADVICE
July 22, 1940
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.

Issue and dispose of securities allotted on this subscription as indicated below:
DISPOSITION
DENOMINATIONS
Pieces

Leave Blank

Par Value

$ 50
100
500
1,000

1. Deliver over the counter to the undersigned
$
2. Ship to the undersigned
$
3. Hold in safekeeping (For member
bank only)
$
4. Register in the names as indicated in
the schedule on reverse side
5. Hold as collateral for War Loan
deposits
$
6. Deliver as indicated below
$

5,000

Deliver to:

10,000

•

Against
Payment of

Par Amount

XX XXX

100,000
Total

and credit proceeds to our Reserve account
or to our account with

•

The undersigned, if a bank or trust company, hereby certifies (a) that the securities which you are hereby or hereafter instructed
o dispose of in the manner indicated in item numbered 3 above are the sole property of the undersigned, and (b) that the securities
rhich you are hereby or hereafter instructed to dispose of in the manner indicated in items numbered 5 and 6 above are either the sole
roperty of the undersigned or the property of its customers who have authorized in writing such disposition.

is letter of instructions must be signed
officially in the space provided here and
returned immediately to
Federal Reserve Bank of New York,
Fiscal Agent of the United States.

Name of Subscriber.
(Please print)
By.
(Official signature required)

(Title)

Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW

teleased

Paid Stamp

,

Delivery Eeceipt

^aken from Vault.
Jounted

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

Amount

.

..

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

Checked
Delivered

JA-BL


By.

Date.

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 of this issue shall be registered,
and postoffice address for interest checks and mail.

Amount

$50

$100

$500

$1,000

$5,000

$10,000

X X X

$101

r
, - ,

,

,1,




.1


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102