Full text of Federal Reserve Bank of New York Circulars : 2497. Cash Offerings of 0.65 Percent Treasury Certificates of Indebtedness of Series C-1943

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

fCircular No. 2 4 9 7T
L September 10, 1942 J

Cash Offerings of
0.65 Percent Treasury Certificates of Indebtedness of Series C-1943
Dated and bearing interest from September 21, 1942

Due May 1, 1943

and

V/4 Percent Treasury Notes of Series C-1945
Dated and bearing interest from September 25, 1942

Due March 15, 1945

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

The following press statement was today made public:
Secretary of the Treasury Morgenthau today announced the offering, through the Federal Reserve
Banks, for cash subscription at p a r and accrued interest, of $1,500,000,000, or thereabouts, of 0.65 percent Treasury Certificates of Indebtedness of Series C-1943, and of $1,500,000,000, or thereabouts, of
1*4 percent Treasury Notes of Series C-1945. I n order to insure more extensive participation in this
offering the subscription books for both issues will remain open two days, and all subscriptions up to
$25,000 will be allotted in full. There will be no restrictions as to the basis for subscribing to
these issues.
The certificates will be dated September 21, 1942, will be payable on May 1, 1943, and will bear
interest at the rate of 0.65 percent per annum, payable on an annual basis at the maturity of the
certificates. They will be issued in bearer form only, in denominations of $1,000, $5,000, $10,000
and $100,000.
The notes will be dated September 25, 1942, will mature March 15, 1945, and will bear interest
at the rate of 1% percent per annum, payable on a semiannual basis on March 15 and September 15
in each year until the principal amount becomes payable. They will be issued in bearer form only, in
denominations of $100, $500, $1,000, $5,000, $10,000 and $100,000.
P u r s u a n t to the provisions of the Public Debt Act of 1941, interest upon the securities now offered
shall not have any exemption, as such, under Federal Tax Acts now or hereafter enacted. The f u l l
provisions relating to taxability are set forth in the official circulars released today.

Subscriptions for both issues 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. Subscriptions from banks and trust companies for their own
account will be received without deposit, but subscriptions from all others must be accompanied by
payment of 5 percent of the amount applied for.
The bases of allotment of subscriptions over $25,000 will be publicly announced. Payment for any
certificates allotted must be made or completed on or before September 21, 1942, or on later allotment,
and for the notes on or before September 25, 1942, or on later allotment. The certificates will be
redeemed in cash at maturity and will carry no exchange privileges.

The terms of these offerings are set forth, respectively, in Treasury Circulars Nos. 691
and 694, dated September 10, 1942, copies of which are printed on the following pages.
The subscription books for these offerings are now open, and applications will be received by
this bank as fiscal agent of the United States. Subscriptions should be made on official subscription blanks and mailed immediately, or if filed by telegram or letter, should be confirmed immediately by mail on the blanks provided. Telegraphic or letter subscriptions to the cash offerings
entered by a bank should state the amount subscribed for the bank's own account and the
number of subscriptions, at each amount, entered for the customers of the subscribing bank.

ALLAN SPROUL,

President.

UNITED STATES OF AMERICA
0.65 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-I943
Dated and bearing interest f r o m September 21, 1942

1942
Department Circular No. 691

D u e May 1, 1943

TREASURY

DEPARTMENT,

O F F I C E OF T H E S E C R E T A R Y ,
Fiscal Service
Bureau of the Public Debt

Washington,

September

10, 1942

OFFERING OF CERTIFICATES

1. The Secretary of the Treasury, p u r s u a n t to the authority of the Second Liberty Bond Act, as
amended, invites subscriptions, at p a r and accrued interest, f r o m the people of the United States f o r certificates of indebtedness of the United States, designated 0.65 percent Treasury Certificates of Indebtedness of Series C-1943. The amount of the offering is $1,500,000,000, or thereabouts.

II.

DESCRIPTION OF CERTIFICATES

1. The certificates will be dated September 21, 1942, and will bear interest f r o m that date at the rate
of 0.65 percent per annum, payable on an a n n u a l basis at the m a t u r i t y of the certificates. They will
m a t u r e May 1, 1943, and will not be subject to call f o r redemption p r i o r to m a t u r i t y .
2. The income derived f r o m the certificates shall be subject to all Federal taxes, now or h e r e a f t e r
imposed. The certificates shall be subject to estate, inheritance, g i f t or other excise taxes, whether F e d e r a l
or State, b u t shall be exempt f r o m all taxation now or h e r e a f t e r imposed on the principal or interest thereof
by a n y State, or any of the possessions of the United States, or by any local taxing authority.
3. The certificates will be acceptable to secure deposits of public moneys.
in p a y m e n t of taxes and will not bear the circulation privilege.

They will not be acceptable

4. B e a r e r certificates with one interest coupon attached will be issued in denominations of $1,000,
$5,000, $10,000 and $100,000. The certificates will not be issued in registered f o r m .
5. The certificates will be subject to the general regulations of the T r e a s u r y Department, now or herea f t e r prescribed, governing United States certificates.

III.

SUBSCRIPTION AND A L L O T M E N T

1. Subscriptions will be received at the F e d e r a l Reserve Banks a n d Branches and at the T r e a s u r y
D e p a r t m e n t , W a s h i n g t o n . Subscribers must agree not to sell or otherwise dispose of their subscriptions,
or of the securities which may be allotted thereon, p r i o r to the closing of the subscription books. B a n k i n g
institutions generally m a y submit subscriptions f o r account of customers, b u t only the F e d e r a l Reserve
B a n k s and the T r e a s u r y D e p a r t m e n t are authorized to act as official agencies. Others t h a n banking institutions will not be p e r m i t t e d to enter subscriptions except f o r their own account. Subscriptions f r o m banks
a n d t r u s t companies f o r their own account will be received without deposit. Subscriptions f r o m all others
must be accompanied by p a y m e n t of 5 percent of the amount of certificates 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 certificates 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. Subject to these
reservations, subscriptions for amounts up to and including $25,000 will be allotted in full. The basis of
the allotment on all other subscriptions will be publicly announced, and allotment notices will be sent out
promptly upon allotment.
IV.

PAYMENT

1. Payment at par and accrued interest, if any, for certificates allotted hereunder must be made or
completed on or before September 21, 1942, or on later allotment. In every case where payment is not so
completed, the payment with application up to 5 percent of the amount of certificates 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 certificates 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.

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 u p 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 certificates allotted, to make delivery of certificates on full-paid subscriptions allotted, and they
may issue interim receipts pending delivery of the definitive certificates.
2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or
amendatory rules and regulations governing the olfermg, which will be communicated promptly to the
Federal Reserve Banks.

HENRY MORGENTHAU, J R . ,
Secretary of the Treasury.

UNITED STATES OF AMERICA
PERCENT TREASURY NOTES OF SERIES C-1945
Dated and bearing interest f r o m September 25, 1942

D u e March 15, 1945

Interest payable March 15 and September 15

1942

TREASURY

Department Circular No. 694

DEPARTMENT,

O F F I C K OF T H E S E C R E T A R Y ,
Fiscal Service
Bureau of t h e Public Debt

Washington,

September

10, 1942

OFFERING OF NOTES

1. The Secretary of the Treasury, p u r s u a n t to the authority of the Second Liberty Bond Act, as
amended, invites subscriptions, at p a r and accrued interest, f r o m the people of the United States for notes
of the United States, designated 1 * 4 percent T r e a s u r y Notes of Series C - 1 9 4 5 . The amount of the offering
is $ 1 , 5 0 0 , 0 0 0 , 0 0 0 , or thereabouts.
ll.

DESCRIPTION OF NOTES

1. The notes will be dated September 25, 1942, and will bear interest f r o m t h a t date a t the rate of 1*4
percent p e r annum, payable on a semiannual basis on March 15 a n d September 15 in each year until the
p r i n c i p a l amount becomes payable. They will m a t u r e March 15, 1945, and will not be subject to call f o r
redemption prior to m a t u r i t y .
2. The income derived f r o m the notes shall be subject to all F e d e r a l taxes, now or h e r e a f t e r imposed.
The notes shall be subject to estate, inheritance, g i f t or other excise taxes, whether F e d e r a l or State, b u t
shall be exempt f r o m all taxation now or h e r e a f t e r imposed on the principal or interest thereof by any State,
or any of the possessions of the United States, or by a n y local taxing authority.
3. The notes will be accepted at p a r d u r i n g such time and u n d e r such rules and regulations as shall
be prescribed or approved by the Secretary of the T r e a s u r y in p a y m e n t of income and profits taxes payable
a t the m a t u r i t y of the notes.
4. The notes will be acceptable to secure deposits of public moneys, b u t will not bear the circulation privilege.
5. B e a r e r 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.
6. The notes will be subject to the general regulations of the Treasury D e p a r t m e n t , now or h e r e a f t e r
prescribed, governing United States notes.

III.

SUBSCRIPTION AND ALLOTMENT

tutions 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. Subscriptions from all others
must be accompanied by payment of 5 percent of the amount of notes 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 notes 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. Subject to these reservations, subscriptions for amounts up to and including $25,000 will be allotted in full. The basis of the allotment
on all other subscriptions will be publicly announced, and allotment notices will be sent out promptly upon
allotment.

IV.

PAYMENT

1. Payment at par and accrued interest, if any, for notes allotted hereunder must be made or completed on or before September 25, 1942, or on later allotment. I n every case where payment is not so
completed, the payment with application up to 5 percent of the amount of notes applied for shall, upon
declaration made by the Secretary of the Treasury in his discretion, be forfeited to the United States.
Any qualified depositary will be permitted to make payment by credit for notes allotted to it for itself
and its customers up to any amount for which it shall be qualified in excess of existing deposits, when so
notified by the Federal Reserve Bank of its district.

GENERAL PROVISIONS

1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive
subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the
Treasury to the Federal Reserve Banks of the respective districts, to issue allotment notices, to receive
payment for notes allotted, to make delivery of notes on full-paid subscriptions allotted, and they may
issue interim receipts pending delivery of the definitive notes.
2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or
amendatory rules and regulations governing the offering, which will be communicated promptly to the
Federal Reserve Banks.

HENRY MORGENTHAU, J R . ,
Secretary of the Treasury.

FEDERAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

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

Subscriber:
1942

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

(par value)

UNITED STATES OF AMERICA H 4 PERCENT TREASURY NOTES OF SERIES C-1945
DATED SEPTEMBER 25, 1942, DUE MARCH 15, 1945

for which you 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 Chech—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 Reserve 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 if he wishes delivery of the securities on the
d a t e 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
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.
F E D E R A L RESERVE B A N K OP N E W Y O R K ,

Checked by

NA-N

Fiscal Agent of the United States

LETTER OF INSTRUCTIONS
To

FEDERAL RESERVE B A N K

OF N E W

YORK,

Fiscal Agent of the United States,
Government Bond Department,
New York, N. Y.
F r o m (Name and address of

Subscriber)
1942

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

(par value)

UNITED S T A T E S O F AMERICA 1*4 P E R C E N T TREASURY NOTES O F SERIES C-1945
D A T E D SEPTEMBER 25, 1942, DUE MARCH I S , 1945

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 W a r Loan Deposit Account as shown in the following "Certificate of A d v i c e " :
CERTIFICATE OF ADVICE
September 25, 1942
I H E R E B Y C E R T I F Y 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, W a r Loan Deposit Account, to be held
subject to withdrawal on demand through the Federal Reserve Bank of New York, the
sum of ....

...Dollars, $

T o be executed only when subscriber is making
p a y m e n t through W a r Loan Deposit Account.

Cashier or Vice President.

Issue and dispose of securities allotted on this subscription as indicated below:
DISPOSITION
1. Deliver over the counter to the undersigned

DENOMINATIONS
P a r Value

Pieces

Leave Blank

2. Ship to the undersigned
3. Hold in safekeeping
bank only)

XXX

$100

4. Hold as
deposits

500
1,000

collateral

(for

member
$.

for

War

Loan
$.

5. Deliver as indicated below

5,000

Deliver to:

$..
Against
Payment of

Par Amount

10,000

XX XXX

100,000
Total

and credit proceeds to our Reserve account

•

or to our account with
T h e undersigned, if a bank or trust company, hereby certifies (a) that the securities which you are hereby or h e r e a f t e r instructed
to dispose of in the manner indicated in item numbered 3 above are the sole property of the undersigned, and (b) that the securities
which you are hereby or h e r e a f t e r instructed to dispose of in the manner indicated in items numbered 4 and 5 above are either the sole
property of the undersigned or the property of its customers who have authorized in writing such disposition.
Name of Subscriber.

This letter of instructions must be signed
officially in the space provided here and
returned immediately to
Federal Reserve Bank of New York,

(Please print)

By....

(Title)

(Official signature required)

Street address

Fiscal Agent of the United States.
City, Town or Village, and State.
DO NOT USE SPACES BELOW

Delivery Receipt

P A Y M E N T RECORD

PAYMENT RECEIVED

DELIVER AGAINST P A Y M E N T

Received from FEDERAL RESERVE B A N K OF N E W YORK the above described
United States Government obligations allotted in the amount indicated above.

it!

Taken from Vault

NA-N

Counted

Checked

Delivered

FEDERAL RESERVE B A N K OF N E W YORK

Fiscal Agent of the United States

NOTICE OF ALLOTMENT
On Cash Subscription to United States Government Obligations
Applied for by Subscriber as Described Below
To Subscriber:
1942

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

(par value)

UNITED S T A T E S OF AMERICA 0.65 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES C-1943
DATED SEPTEMBER 21, 1942, DUE MAY 1, 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 t o 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 Reserve 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 if he wishes delivery of the securities on the
d a t e 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
Dy 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
lave 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
nember bank.
(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.
F E D E R A L R E S E R V E B A N K OF N E W

Fiscal Agent of the United States

Checked by
STA-C

YORK,

LETTER OF INSTRUCTIONS

T o F E D E R A L R E S E R V E B A N K OP N E W

YORK,

Fiscal Agent of the United States,
Government Bond Department,
New York, N. Y.
From (Name and address of

Subscriber)
1942

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

(par value)

UNITED S T A T E S OF AMERICA 0.65 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS, SERIES C-1943
D A T E D SEPTEMBER 21, 1942, DUE MAY 1, 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:
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 A d v i c e " :
CERTIFICATE OF ADVICE
September 21, 1942
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, W a r Loan Deposit Account, to be held
subject to withdrawal on demand through the Federal Reserve Bank of New York, the
sum of
Dollars, $
1 H E R E B Y CERTIFY

T o be executed only when subscriber is making
payment through W a r Loan Deposit Account.

*"-y;
—""".''
Cashier or Vice President.

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

Par Value

Pieces

1. Deliver over the counter to the undersigned
Leave Blank

XXX

2. Ship to the undersigned
3. Hold in safekeeping
bank only)

XXX

(For

member

4. Hold as collateral for "War Loan
deposits
$.

XXX

SI,000

5. Deliver as indicated below

5.000

Deliver to:

$.
Against
Payment of

Par Amount

10,000

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 h e r e a f t e r instructed
to dispose of in the manner indicated in item numbered 3 above a r e the sole property of the undersigned, and (b) that the securities
which you are hereby or h e r e a f t e r instructed to dispose of in the manner indicated in items numbered 4 and 5 above arc either the sole
property of the undersigned or the property of its customers who have authorized in writing such disposition.

t3TThi» 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....

(Title)

(Official signature required)

Street address
City, Town or Village, and State.

DO NOT USE SPACES BELOW

Delivery Beceipt
Beceived from FEDERAL BESEBVE BANK OF N E W YORK the above described
United States Government obligations allotted in the amount indicated above.
Subscriber
Date.
Taken from Vault

.VA-C

By.
Delivered

ADVICE

TN-BC

CREDIT

WAR

LOAN

DEPOSIT

ACCOUNT

MAIL T O

IN A C C O R D A N C E W I T H Y O U R C E R T I F I C A T I O N W E H A V E T H I S DAY C R E D I T E D
•WAR L O A N D E P O S I T A C C O U N T " W I T H T H E A M O U N T I N D I C A T E D A B O V E .

YOUR

ACCOUNT O F ALLOTMENT O F

154 percent Treasury Notes of Series C-1945
Dated September 25, 1942
Due March 15, 1945

F E D E R A L R E S E R V E BANK O F N E W Y O R K
FISCAL AGENT O F THE UNITED

STATES

BOOK

TN-BC

CREDIT

PAYMENT

IN A C C O R D A N C E W I T H Y O U R C E R T I F I C A T I O N W E HAVE T H I S DAY C R E D I T E D
" W A R LOAN D E P O S I T A C C O U N T " WITH THE AMOUNT INDICATED ABOVE.
ACCOUNT OF ALLOTMENT O F

percent Treasury Notes of Series C-1945
Dated September 25, 1942
Due March 15, 1945

YOUR

CI-BC

ADVICE OF CREDIT TO WAR

LOAN DEPOSIT

ACCOUNT

J
IN A C C O R D A N C E W I T H Y O U R C E R T I F I C A T I O N W E HAVE T H I S DAY C R E D I T E D
"WAR LOAN D E P O S I T A C C O U N T " WITH THE AMOUNT INDICATED ABOVE.

YOUR

ACCOUNT O F ALLOTMENT O F

0.65 percent Treasury Certificates of Indebtedness Series C-1943
Dated September 21, 1942
Due May 1, 1943

F E D E R A L R E S E R V E BANK O F N E W Y O R K
FISCAL AGENT O F THE UNITED

STATES

BOOK CREDIT

CI-BC

PAYMENT

DATE

IN A C C O R D A N C E W I T H Y O U R C E R T I F I C A T I O N W E H A V E T H I S DAY C R E D I T E D
" W A R LOAN D E P O S I T A C C O U N T " WITH THE AMOUNT INDICATED ABOVE.
ACCOUNT O F ALLOTMENT O F

0.65 percent Treasury Certificates of Indebtedness Series C-1943
Dated September 21, 1942
Due May 1, 1943

YOUR

F E D E R A L R E S E R V E BANK
O F N E W YORK

SEC-ATS-t.N
S E C U R . T . E S DEPARTMENT

ADVICE TO S U B S C R I B E R
Acknowledging Receipt of Cash Subscription
For United States Government Obligations Mentioned Below

Application

No.

Date
r

J
Your cash subscription for $
United States of America U/4 Percent Treasury Notes of Series C-1945, Dated September 25, 1942, Due March 15, 1945
has been received by this bank, as fiscal agent of the United States, and, pursuant to the provisions of the TreasuryDepartment'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.
F E D E R A L R E S E R V E B A N K OF N E W Y O R K ,

Fiscal Agent of the United States.

Checked by.

CARD

SEC—ATS—2. N

RECORD

SECURITIES DEPARTMENT

Application

No.

Date

Cash subscription received
from above subscriber for $
United States of America V/4 Percent Treasury Notes of Series C-1945, Dated September 25, 1942, Due March 15, 1945

AMOUNT ALLOTTED $.

PAYMENT AND DISPOSITION

SEC-ATS-3.N
SECURITIES DEPARTMENT

RECORD

Application

No.

Date

Cash subscription received
from above subscriber for $
United States of America n/ 4 Percent Treasury Notes of Series C-1945, Dated September 25, 1942, Due March 15, 1945
DATE

BOOK CREDIT

CHARGE

CASH

DELIVERY TELLER

ALLOTMENT
P R E M I U M AND/OR
INTEREST
DISPOSITION

PURCHASE PRICE
OVER COUNTER

DEPOSIT

SAFEKEEPING

GOV. DEPOSIT

PRINCIPAL DUE
SPECIAL DELIVERY INSTRUCTIONS

REFUND
BALANCE
ACCRUED INT.

A M O U N T DUE

SHIP

F E D E R A L R E S E R V E BANK
O F N E W YORK

SEC-ATS-l.C
SECUR.T.ES DEPARTMENT

ADVICE TO S U B S C R I B E R
Acknowledging Receipt of Cash Subscription
For United States Government Obligations Mentioned Below

Application

No.

Date
r

J
Your cash subscription for $

United States of America 0.65 Percent Treasury Certificates of Indebtedness, Series C-1943, Dated September 21, 1942, Due May 1, 1943
has been received by this bank, as fiscal agent of the United States, and, pursuant to the provisions of the TreasuryDepartment'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.
F E D E R A L R E S E R V E B A N K OF N E W Y O R K ,

Fiscal Agent of the United States.

Checked by.

SEC—ATS-2.C
SECURITIES DEPARTMENT

CARD RECORD

Application

No.

Date

Cash subscription received
from above subscriber for $
United States of America 0.65 Percent Treasury Certificates of Indebtedness, Series C-1943, Dated September 21, 1942, Due May 1, 1943

AMOUNT ALLOTTED $.

SEC—ATS-3.C

PAYMENT

AND

DISPOSITION

RECORD

SECUR.T.ES

Application

DEPART

No.

Bate

Cash subscription received
from above subscriber for $
United States of America 0.65 Percent Treasury Certificates of Indebtedness, Series C-1943, Dated September 21, 1942, Due May 1, 1943
DATE

BOOK CREDIT

CHARGE

CASH

DELIVERY TELLER

ALLOTMENT

PREMIUM AND/OR
INTEREST
DISPOSITION

PURCHASE PRICE
DEPOSIT
PRINCIPAL DUE
REFUND
BALANCE
ACCRUED INT.

AMOUNT DUE

OVER COUNTER

SAFEKEEPING

GOV. DEPOSIT

SPECIAL DELIVERY INSTRUCTIONS

SHIP

SL. 2

Special Notice to Subscribers in the
Second Federal Reserve District Located Outside
the Borough of Manhattan of the City of New York
If you desire delivery of securities on September 21, 1942, "Letter
of Instructions" accompanying allotment notice should be filled in
and signed officially and mailed to this bank on Thursday, September
17, 1942 in the special return envelope enclosed herewith.
FEDERAL RESERVE B A N K OF N E W YORK.

Fiscal Agent of the United States.

CASH SUBSCRIPTION
B Y OTHER THAN A BANKING INSTITUTION

To United States Government Obligations
Described Below
Dated at
1942

Important
Subject to the reservations set forth in Treasury Department Circular No. 694, subscriptions for amounts up to
and including $25,000 will be allotted in full.
This application must be accompanied by payment of 5 percent of the amount applied for.
One day's interest on $lfl00 on coupon payable March 15, 1943 (171 days in 181 day period) is $0.034530387

F E D E R A L R E S E R V E B A N K OF N E W

YORK,

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

Pursuant to the provisions of Treasury Department Circular No. 694, dated September 10, 1942, please enter
subscription for $

(par value)

UNITED STATES OF AMERICA i y 4 PERCENT TREASURY NOTES, SERIES C-1945
DATED SEPTEMBER 25, 1942
DUE MARCH 15, 1945
The undersigned subscriber
(a) certifies that no arrangements have been or will be made for the sale or other disposition of this subscription, or of the securities which may be allotted thereon, prior to the closing of the subscription books; and
(b) agrees, 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

•

By cash

•

Subscriber
(Print name)

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

Sign here
(Official Signature Required)

•

Original subscription
Confirmation of a telegram.

•

Confirmation of a letter

I I

Street address

(City, Town or Village, and State)

SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
ALLOTMENT AND PAYMENT

SUBSCRIPTION RECORD
BLOTTER

E X A M I N E D FOR
CLASSIFICATION

ALLOTMENT

OWN ACCOUNT
CHECKED

CHECKED

DEPOSIT

EXAMINED

CARDED

REFUNDED

ACKNOWLEDGED

BALANCE
DISPOSITION

FIGURED

CHECKED

DATE
DATE
DATE PAID

ADVISED
BY

Cash Subscription by Banking Institution

Application Number

To United States Government Obligations
Described Below
Dated at

Important
Subject to the reservations set forth in Treasury Department Circular No. 694, subscriptions for amounts UD to
and including $25,000 will be allotted in full.
One day's interest on $lj000 on coupon payable March 15, 1943 (171 days in 181 day period) is $0.034530387
F E D E R A L R E S E R V E B A N K OP N E W Y O R K ,

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

Pursuant to the provisions of Treasury Department Circular Xo. 694, dated September 10, 1942, please enter subscription as follows for

UNITED STATES OF AMERICA V/ 4 PERCENT TREASURY NOTES, SERIES C-1945
DATED SEPTEMBER 25, 1942
DUE MARCH 15, 1945
• F o r our own account (not classified below).. $
• F o r our customers (classified below)
Total Subscription
$

(To

SUBSCRIBER:

C L A S S I F I C A T I O N O F CUSTOMERS' SUBSCRIPTIONS
(For example: Class A — 1 0 at $1,000)
not show on this form denominations of securities of this issue to be desired on

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

CLASS B
Subscriptions over $1,000 to $10,000 Incl.
Number of 1
Amount
Leave Blank
Subscript's I
of Each

CLASS C I
Subscriptions over $10,000 to $25,000 Incl.
Number of 1
Amount
Leave Blank
Subscript's 1
of Each

CLASS C2
Subscriptions over $25,000 to $50,000 Incl.
Number of I
Amount
Leave Blank
Subscript's I
of Each

CLASS D
Subscriptions over $50,000 to $100,000 Incl.
Number of 1
Amobnt
Leave Blank
Subscript's 1
of Each

CLASS E
Sub's over $100,000 to $500,000 Inclusive
Number of I
Amount
Leave Blank
Subscript's I
of Each

CLASS F
Sub's over $500,000 to $1,000,000 Inclusive
Number of |
Amount
Leave Blank
Subscript's I
of Each

allotment.)

CLASS G
Subscriptions of over $1,000,000
Number of 1
Amount
Leave Blank
Subscript's I
of Each

We hereby c e r t i f y :
(a) that we have received applications from our customers in the amounts set opposite the customers' names listed on
the reverse side of this form which is made a part of this subscription; that there has been paid to as by each such
customer, not subject to withdrawal until after allotment and payment in full for securities allotted, five percent
of the amount applied f o r ; and
(b) that this subscription is solely for our own account or for the account of the customers specified herein; that no
arrangements have been or will be made for the sale or other disposition of our subscription, or of the securities
which may be allotted thereon, prior to the closing of the subscription books; and that our customers whose subscriptions are included herein will be requested to confirm to us their agreement to the same conditions with respect
to their subscriptions.
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

By chock

[[]

TO SUBSCRIBER:
Mark (X) in proper spaco
to indicato if this is:
Original subscription
Confirmation of a telegram.
Confirmation of a l e t t e r . . . .

By credit to War Loan Deposit Account

Fill in all required spaces before signing.

(Name of Banking Institution)

•
•
•

(Title)

(Official signature)

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 Account
and may also be deposited with Federal Reserve Bank of Now 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 Reserve 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
SUBSCRIPTION RECORD
BLOTTER

E X A M I N E D FOR
CLASSIFICATION

OWN ACCOUNT
CHECKED

CHECKED

EXAMINED

CARDED

ACKNOWLEDGED

PAYMENT

ALLOTMENT
Figured Checked

DISPOSITION

Advised

R/A
B/C

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

CASH SUBSCRIPTION
BY OTHER THAN A BANKING INSTITUTION

To United States Government Obligations
Described Below
Dated a t .

.1942

Important
Subject to the reservations set forth in Treasury Department Circular No. 691, subscriptions for amounts up to
and including $25,000 will be allotted in full.
This application must be accompanied by payment of 5 percent of the amount applied for.
Subscriptions can be made only for $1,000 or in multiples of $1,000.
One day's interest on $1,000 on coupon payable May 1, 1943 (222 days in 365 day period) is $0.017808219
F E D E R A L RESERVE B A N K OP N E W

YORK,

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

P u r s u a n t to the provisions of Treasury Department Circular No. 691, dated September 10, 1942, please enter
subscription for $

(par value)

UNITED STATES OF AMERICA 0.65 PERCENT TREASURY CERTIFICATES
OF INDEBTEDNESS, SERIES C-1943, DATED SEPTEMBER 21, 1942,
DUE MAY 1, 1943
The undersigned subscriber
(a) certifies that no arrangements have been or will be made for the sale or other disposition of this subscription, or of the securities which may be allotted thereon, prior to the closing of the subscription books; and
(b) agrees, 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 p a r 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

By cash

•
Subscriber

Confirmation of a telegram
Confirmation of a l e t t e r . . .

...
(Print name)

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

•

Sign here
(Official Signature Required)

•
•
•

Street address.

(City, Town or Village, and State)

SPACES BELOW ARE FOR THE USE OF THE FEDERAL RESERVE BANK OF NEW YORK
ALLOTMENT AND PAYMENT

SUBSCRIPTION RECORD
BLOTTER

EXAMINED FOR
CLASSIFICATION

ALLOTMENT

OWN ACCOUNT
CHECKED

CHECKED

DEPOSIT

EXAMINED

CARDED

REFUNDED

ACKNOWLEDGED

BALANCE
DISPOSITION

FIGURED CHECKED ADVISED
DATE
DATE
DATE PAID

Cash Subscription by Banking Institution
To United States Government Obligations
Described Below
Dated at

Important

.1942

Subject to the reservations set forth in Treasury Department Circular No. 691, subscriptions for amounts up to
and* including $25,000 will be allotted in full.
Subscriptions can be made only for $1,000 or in multiples of $1,000.
One day's interest on $1,000 on coupon payable May 1, 1943 (222 days in 365 day period) is $0.017808219
F E D E R A L R E S E R V E B A N K OP N E W Y O R K ,

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

Pursuant to the provisions of Treasury Department Circular No. 691, dated September 10, 1942, please enter
subscription as follows for

UNITED STATES OF AMERICA 0.65 PERCENT TREASURY CERTIFICATES
OF INDEBTEDNESS, SERIES C-1943, DATED SEPTEMBER 21, 1942,
DUE MAY 1, 1943
• F o r our own account (not classified below).. $
• F o r our customers (classified below)
______
Total Subscription
$

CLASSIFICATION OF CUSTOMERS' SUBSCRIPTIONS
(For example: Class A — 10 at $1,000)
CLASS A
Subscriptions of $1,000
Number of|
Amount
1 .
Subscript's!
of Each
1

,
»»n k

CLASS B
CLASS CI
CLASS C2
Subscriptions over $1,000 to $10,000 Incl.
Subscriptions over $10,000 to $25,000 Incl. Subscriptions over $25,000 to $50,000 lnol.
Number ofl
Amount
Number ofl
Amount
Number ofl
Amount
Leavj Blank Subscript's!
Leave Blank Subscript's!
Leave Blank
Subscript's!
of Each
of Each
of F.nch

1
CLASS D
CLASS E
CLASS F
CLASS G
Subscriptions over $50,000 to $100,000 Incl. Sub's over $100,000 to $500,000 Inclusive Sub's over $500,000 to $1,000,000 Inclusive
Subscriptions ol over $1,000,000
Number ofj
Amount
Number ofl
Amount
Number ofl
Amount
Number ofl
Amount
Leave Blank Subscript's!
Leave Blank Subscript's I
Leave Blank
Leave Blank Subscript's |
Subscript's!
of Each
of Each
of Each
of Each
at

We hereby certify:
(a) that we have received applications from our customers in the amounts set opposite the customers' names listed on
the reverse side of (his form 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, five percent
of the amount applied f o r ; and
(b) that this subscription is solely for our own account or for the account of the customers specified herein; that no
arrangements have been or will be made for the sale or other disposition of our subscription, or of the securities
which may be allotted thereon, prior to the closing of the subscription books; and that our customers whose subscriptions are included herein will be requested to confirm to us their agreement to the same conditions with respect
to their subscriptions.
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
By check
TO SUBSCRIBER:
Mark (X) in proper space
to indicate if this is:
Original subscription
Confirmation of a telegram..
Confirmation of a letter

Q
Q

By credit to War Loan Deposit Account

B*~Fill in all required spaces before signing.

(Name of Banking Institution)

•
•
•

Address ,

(Title)

(Official signature)

(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 Account
and may also be deposited with Federal Reserve 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 Reserve Bank of New York as collateral security for such Account without the written consent
of the owners of such securities.
SPACES BELOW ARE FOR T H E USE OF T H E FEDERAL RESERVE BANK
SUBSCRIPTION RECORD
BLOTTER

EXAMINED FOR
CLASSIFICATION

OWN ACCOUNT
CHECKED

CHECKED

EXAMINED

ACKNOWLEDGED

CARDED

PAYMENT

ALLOTMENT
Figured

DISPOSITION

Checked Advised

D
R/A
B/C
C

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

Full text of Federal Reserve Bank of New York Circulars : 2497. Cash Offerings of 0.65 Percent Treasury Certificates of Indebtedness of Series C-1943

FRASER