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FEDERAL OF RESERVE NEW BANK YORK Fiscal Agent of the United States r Circular No. 2 5 7 6 T L January 21, 1943 J Cash Offering of Ys Percent Treasury Certificates of Indebtedness of Series A - 1 9 4 4 Dated and bearing interest from February 1, 1943 Due February 1, 1944 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: T h e f o l l o w i n g p r e s s statement w a s t o d a y made p u b l i c : The Secretary of the Treasury today announced the offering, through the Federal Reserve Banks, for cash subscription at par and accrued interest, of $2,000,000,000, or thereabouts, of % percent Treasury Certificates of Indebtedness of Series A-1944. In order to insure widespread participation not only on the part of banks, but by corporations and others who may be interested in this type of security, the subscription books will remain open three days. There will be no restrictions as to the basis for subscribing to this issue. At their maturity, the certificates will be redeemed in cash, and will carry no exchange privileges. The certificates will be dated February 1, 1943, will be payable on February 1, 1944, and will bear interest at the rate of seven-eighths of one percent per annum, payable semiannually on August 1, 1943 and February 1, 1944. They will be issued in bearer form only, with two interest coupons attached, in denominations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. Pursuant to the provisions of the Public Debt Act of 1941, interest upon the certificates now offered shall not have any exemption, as such, under Federal Tax Acts now or hereafter enacted. The full provisions relating to taxability are set forth in the official circular released today. Subscriptions will be received at the Federal Reserve Banks and Branches, and at the Treasury Department, Washington. Banking institutions and securities dealers 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 2 percent of the amount of certificates applied for. Subject to the usual reservations, subscriptions for amounts not exceeding $100,000 from banks which accept demand deposits, and subscriptions in any amount from all other subscribers, will be allotted in full; subscriptions for amounts over $100,000 from banks which accept demand deposits will be allotted on an equal percentage basis, to be publicly announced. Payment for any certificates allotted must be made or completed on or before February 1, 1943, or on later allotment. As previously announced, Treasury Certificates of Indebtedness of Series A-1943, which mature February 1, carry no exchange privileges, but such maturing certificates will be accepted at par in payment for any certificates of the series now offered which may be allotted. T h e terms of this o f f e r i n g are set f o r t h in T r e a s u r y Circular N o . 705, dated J a n u a r y 21,1943, a c o p y o f which is printed on the f o l l o w i n g p a g e s . T h e subscription b o o k s are n o w open, and subscriptions will be received b y this bank as fiscal agent o f the United States. Subscriptions should be m a d e on official subscription blanks and mailed i m m e d i a t e l y o r , if filed b y telegram o r letter, should be confirmed immediately b y mail on the blanks p r o v i d e d . T e l e g r a p h i c o r letter subscriptions to the cash o f f e r i n g entered b y a bank should state the amount subscribed f o r the b a n k ' s o w n account and the number subscriptions, at each amount, entered f o r the customers o f the subscribing bank. ALLAN SPKOTJL, President. of UNITED STATES OF AMERICA % P E R C E N T T R E A S U R Y CERTIFICATES OF INDEBTEDNESS Dated and bearing interest from February 1, 1943 1943 Department Circular No. 70S OF SERIES A-1944 Due February 1, 1944 TREASURY DEPARTMENT, OFFICE OF THE SECRETARY, Washington, January 21, 1943. Fiscal Service Bureau of the Public Debt I. OFFERING OF CERTIFICATES 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites subscriptions, at par and accrued interest, from the people of the United States for certificates of indebtedness of the United States, designated % percent Treasury Certificates of Indebtedness of Series A-1944. The amount of the offering is $2,000,000,000, or thereabouts. II. DESCRIPTION OF CERTIFICATES 1. The certificates will be dated February 1, 1943, and will bear interest from that date at the rate of % percent per annum, payable semiannually on August 1,1943 and February 1,1944. They will mature February 1, 1944, and will not be subject to call for redemption prior to maturity. 2. The income derived from the certificates shall be subject to all Federal taxes, now or hereafter imposed. The certificates shall be subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but shall be exempt from all taxation now or hereafter imposed on the principal or interest thereof by any 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. They will not be acceptable in payment of taxes and will not bear the circulation privilege. 4. Bearer certificates with two interest coupons attached will be issued in denominations of $1,000, $5,000, $10,000, $100,000 and $1,000,000. The certificates will not be issued in registered form. 5. The certificates will be subject to the general regulations of the Treasury Department, now or hereafter prescribed, governing United States certificates. III. SUBSCRIPTION AND ALLOTMENT 1. Subscriptions will be received at the Federal Reserve Banks and Branches and at the Treasury Department, Washington. Subscribers must agree not to sell or otherwise dispose of their subscriptions, or of the securities which may be allotted thereon, prior to the closing of the subscription books. Banking institutions and securities dealers 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 and securities dealers 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 2 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 hooks 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 $100,000 from banks which accept demand deposits, and subscriptions in any amount from all other subscribers, will be allotted in full; subscriptions for amounts over $100,000 from banks which accept demand deposits will be allotted on an equal percentage basis, to be publicly announced. 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 February 1, 1943, or on later allotment. In every case where payment is not so completed, the payment with application up to 2 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. Treasury Certificates of Indebtedness of Series A-1943, maturing February 1,1943, will be accepted at par in payment for any certificates of the series now offered which shall be allotted. 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 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 offering, which will be communicated promptly to the Federal Reserve Banks. D . W . BELL, Acting Secretary of the Treasury. FEDERAL RESERVE B A N K OF N E W Application Number 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: 1943 Referring to your subscription, numbered as above indicated, for $ (par value) UNITED STATES OF AMERICA % PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES A-1944 DATED FEBRUARY 1, 1943, DUE FEBRUARY 1, 1944 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 by Treasury Certificates of Indebtedness of Series A-1943 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 by Certificates of Indebtedness of Series A-1943, 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 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 Treasury Certificates of Indebtedness of Series A-1943—Such certificates will be accepted at par in payment. 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) Reserve Bank member bank. (b) this bank and Securities of this issue will be held for safekeeping by, or delivered to the Discount Department of, the Federal of New York for the account of member banks only, provided such securities are the sole property of the It is requested that all blank spaces be typed in where necessary on the attached letter of instructions to 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-C Application Number LETTER OF INSTRUCTIONS T o 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, Government Bond Department, New York, N. Y. From (Name and address of Subscriber) 1943 Referring to our subscription, numbered as above indicated, for $ UNITED STATES OF AMERICA % PERCENT DATED TREASURY FEBRUARY 1, CERTIFICATES 1943, DUE (par value) OF FEBRUARY INDEBTEDNESS 1, OF SERIES A-1944 1944 for which we have 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 % % Treasury Certificates of Indebtedness of Series A-1943... Issue and dispose of securities allotted on this subscription as indicated below: DENOMINATIONS DISPOSITION Par Value Pieces $ Leave Blank XXX XXX XXX 1. Deliver over the counter to the undersigned 2. Ship to the undersigned 3. Hold in safekeeping (For member bank only) 4. Hold as collateral for "War Loan deposits $1,000 5. Deliver as indicated below 5,000 Deliver to: 10,000 Against Payment of Par Amount $ 100,000 $ 1,000,000 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 hereafter 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 hereafter 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. US^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. Name of Subscriber. By.... (Please print) (Title) (Official signature required) Street address City, Town or Village, and State. D O N O T USE SPACES BELOW Delivery Receipt P A Y M E N T RECORD P A Y M E N T RECEIVED DELIVER AGAINST PAYMENT Received from FEDERAL RESERVE BANK OF NEW YORK the above described United States Government obligations allotted in the amount indicated above. Bv Taken from Vault NA-C Counted Checked Delivered FEDERAL R E S E R V E B A N K OF NEW YORK SEC-ATS-t.C S E C U R . T . E S DEPARTMENT ADVICE TO SUBSCRIBER Acknowledging Receipt of Cash Subscription For United States Government Obligations Mentioned Below To Application No. r n L J Date Your cash subscription for $ United States of America % Percent Treasury Certificates of Indebtedness, Series A-1944, Dated February 1, 1943, Due February 1, 1944 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 B A N K OP N E W Y O R K , Fiscal Agent of the United States. Checked by. FEDERAL R E S E R V E B A N K OF NEW YORK CARD S EC—ATS—2. C SECURITIES DEPARTMENT RECORD To Application No. Date Cash subscription received from above subscriber for $ United States of America % Percent Treasury Certificates of Indebtedness, Series A-1944, Dated February 1, 1943, Due February 1, 1944 AMOUNT ALLOTTED $. FEDERAL RESERVE BANK O F N E W YORK PAYMENT A N D DISPOSITION SEC—ATS—3 .C SECURITIES DEPARTMENT RECORD To Application No. Bate Cash subscription received from above subscriber for $ United States of America % Percent Treasury Certificates of Indebtedness, Series A-1944, Dated February 1, 1943, Due February 1, 1944 DATE H % O/I A-1943 CHARGE CASH DELIVERY TELLER GOV. DEPOSIT SHIP XOTMENT TEMIUM AND/OR INTEREST DISPOSITION JRCHASE PRICE LPOSIT ILNCIPAL DUE LFUND VLANCE ;CRUED INT. VIOUNTfor DUE Digitized FRASER OVER COUNTER 1 SAFEKEEPING 1 SPECIAL DELIVERY INSTRUCTIONS FORM NO. T CASH SUBSCRIPTION B Y O T H E R T H A N A B A N K I N G Application Number I N S T I T U T I O N To United States Government Obligations Described Below Dated at .1943 Important 1. Treasury Certificates of Indebtedness of Series A-1943, maturing February 1, 1943, will be accepted at par in payment for any certificates of the series now offered which shall be allotted. 2. It is requested that securities dealers submit subscriptions for account of both themselves and their customers through banking institutions. In submitting subscriptions for account of customers, the customers' names should be given. 3. Subject to the reservations set forth in Treasury Department Circular No. 705, subscriptions by other than banks accepting demand deposits will be allotted in full. 4. This application must be accompanied by payment of 2 percent of the amount applied for. 5. Subscriptions can be made only in multiples of $1,000. F E D E R A L RESERVE B A N K OF N E W Y O R K , Fiscal Agent of the United States, Securities Department, 9th Floor, New York, N. Y. DEAR SMS: Pursuant to the provisions of Treasury Department Circular No. 705, dated January 21, 1943, please enter subscription for $ (par value) UNITED STATES OF AMERICA % PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES A-1944, DATED FEBRUARY 1, 1943, DUE FEBRUARY 1, 1944 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. TO By check $ By cash $ By % % Treasury Certificates of Indebtedness, Series A-1943 Subscriber SUBSCRIBER: Mark ( X ) in proper space to indicate if this i s : Original subscription (Print name) Sign here [~| $ (Official Signature Required) 8treet address. Confirmation of a telegram Confirmation of a letter f~~| (City, Town or Village, and State) SPACES B E L O W A R E FOR T H E USE O F T H E F E D E R A L RESERVE B A N K OF N E W LOTTER EXAMINED FOR CLASSIFICATION ALLOTMENT W N ACCOUNT HECKED CHECKED DEPOSIT XAMINED CARDED REFUNDED CKNOWLEDGED YORK ALLOTMENT AND PAYMENT SUBSCRIPTION RECORD BALANCE DISPOSITION FIGURED CHECKED ADVISED DATE DATE DATE PAID BY ORM NO. 2 Cash Subscription by Banking Institution To United States Government Obligations Described Below Dated at Important 1943 1. Treasury Certificates of Indebtedness of Series A-1943, maturing February 1, 1943, will be accepted at par in payment for any certificates of the series now offered which shall be allotted. 2. Subject to the reservations set forth in Treasury Department Circular No. 705, subscriptions for amounts up to and including $100,000 from banks which accept demand deposits, and subscriptions in any amount from all other subscribers, will be allotted in full; subscriptions for amounts over $100,000 from banks which accept demand deposits will be allotted on an equal percentage basis, to be publicly announced. 3. Subscriptions can be made only in multiples of $1,000. FEDERAL RESERVE B A N K OF N E W YORK, Fiscal Agent of the United States, Securities Department, 9th Floor, New York, N. Y. DEAR SIRS : Pursuant to the provisions of Treasury Department Circular No. 705, dated January 21, 1943, please enter subscription as follows for UNITED STATES OF OF SERIES AMERICA A-1944, % PERCENT DATED TREASURY FEBRUARY CERTIFICATES 1, 1 9 4 3 , D U E OF FEBRUARY INDEBTEDNESS 1, 1944 DO NOT USE THIS SPACE (For use of bank which accepts demand deposits) •For our own account ALLOTMENT $ •For our customers (as listed on reverse side) - Total Subscription $ (For use of bank which does not accept demand deposits) •For our own account $ •For our customers (as listed on reverse side) — — — — — — Total Subscription $ Figured Advised Checked 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 this 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, two percent of the amount applied for; 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 % % Treasury Certificates of Indebtedness, Series A-1943 By charge to our reserve account, which you are authorized to make By check "Fill in all required spaces before signing. TO SUBSCRIBER: Mark ( X ) in proper space to indicate if this is: Original subscription (Name of Banking Institution) f~| Confirmation of a telegram Q Confirmation of a letter Q By (Official signature) (Title) Address. (City, Town or Village, and State) NOTE: Securities of this issue allotted to a qualified depositary for its ow n account may not be paid for by credit to War Loan Deposit Account but may 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 not be paid for by credit to War Loan Deposit Account, and 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. 8PAOE8 BELOW ARE FOB THE USE OF THE FEDERAL RESERVE B A N K SUBSCRIPTION RECORD BLOTTER EXAMINED FOR CLASSIFICATION OWN ACCOUNT CHECKED CHECKED EXAMINED ACKNOWLEDGED CARDED DISPOSITION PAYMENT 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 (Pitas* print or tut typewriter) Address State. Amount Subscribed
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