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FEDERAL OF RESERVE NEW BANK YORK Fiscal Agent of the United States rCircular No. 2 8 3 0 1 L August 24, 1944 J EXCHANGE OFFERINGS Offering of % Percent Treasury Certificates of Indebtedness of Series F-1945 Dated and bearing interest from September 1, 1944 Due September 1,1945 In Exchange for Treasury Certificates of Indebtedness of Series E-1944, Maturing September 1, 1944 Offering of 1 Percent Treasury Notes of Series A-1946 Dated November 1, 1941, with interest from September 15, 1944 Due March 15, 1946 ADDITIONAL ISSUE In Exchange for Treasury Notes of Series C-1944, or Treasury Notes of Series D-1944, Both Maturing September 15, 1944 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The f o l l o w i n g press statement was today made public: Secretary of the Treasury Morgenthau today announced an offering, through the Federal Reserve Banks, of % percent Treasury Certificates of Indebtedness of Series F-1945, open on an exchange basis, par for par, to holders of Treasury Certificates of Indebtedness of Series E-1944, maturing September 1, 1944. At the same time, the Secretary offered holders of Treasury Notes of Series C-1944 and of Treasury Notes of Series D-1944, maturing September 15, 1944, an opportunity to exchange such notes for Treasury Notes of Series A-1946. The certificates now offered will be dated September 1, 1944, and will bear interest from that date at the rate of seven-eighths of one percent per annum, payable semiannually on March 1 and September 1, 1945. They will mature September 1, 1945. 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. The notes now offered will be an additional issue of the series originally issued on November 1, 1941, with interest from September 15, 1944. Exchanges will be made par for par as of September 15, 1944. The notes bear interest at the rate of one percent per annum, payable semiannually on March 15 and September 15 in each year. They will mature March 15, 1946. They are issued in bearer form only, and in denominations of $100, $500, $1,000, $5,000, $10,000 and $100,000. For this exchange offering, and for future transactions in notes of this series, the additional denomination of $1,000,000 will be available. Pursuant to the provisions of the Public Debt Act of 1941, interest upon the securities now offered shall not have any exemptions, as such, under Federal tax Acts now or hereafter enacted. The full provisions relating to taxability are set forth in the official circulars released today. Subscriptions will be received at the Federal Reserve Banks and Branches and at the Treasury Department, "Washington, and should be accompanied by a like face amount of the maturing securities. Subject to the usual reservations, all subscriptions will be allotted in full. There are now outstanding $4,121,783,000 of the Series E-1944 certificates, $283,006,000 of the Series C-1944 notes, and $635,064,400 of the Series D-1944 notes. The terms of these offerings are set f o r t h in Treasury Department Circulars Nos. 748 and 749, dated A u g u s t 24, 1944, copies of which are printed on the following pages. The subscription books are n o w open and applications will be received b y this bank as fiscal agent of the United States. Cash subscriptions will not be received. E x c h a n g e subscrip- tions should be made on official subscription blanks and mailed immediately or, if filed b y telegram or letter, should be confirmed immediately b y mail on the blanks provided. ALLAN SPROUL, President. UNITED STATES OF AMERICA 7/8 P E R C E N T T R E A S U R Y C E R T I F I C A T E S OF I N D E B T E D N E S S OF SERIES F-1945 Due September 1, 1945 Dated and bearing interest from September 1, 1944 1944 Department Circular No. 748 TREASURY DEPARTMENT, O F F I C E OF T H E Fiscal Service Bureau of the Public Debt SECRETARY, Washington, August 24,1944. 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, from the people of the United States for certificates of indebtedness of the United States, designated % percent Treasury Certificates of Indebtedness of Series F-1945, in exchange for Treasury Certificates of Indebtedness of Series E-1944, maturing September 1, 1944. II. DESCRIPTION OF CERTIFICATES 1. The certificates will be dated September 1, 1944, and will bear interest from that date at the rate of % percent per annum, payable semiannually on March 1 and September 1, 1945. They will mature September 1, 1945, 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. payment of taxes. They will not be acceptable in 4. Bearer certificates with 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. 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. 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, all subscriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment. IV. PAYMENT 1. Payment at par for certificates allotted hereunder must be made on or before September 1, 1944, or on later allotment, and may be made only in Treasury Certificates of Indebtedness of Series E-1944, maturing September 1, 1944, which will be accepted at par, and should accompany the subscription. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the Treasury to the Federal Reserve Banks of the respective districts, to issue allotment notices, to receive payment for 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. H E N R Y MORGENTHAU, J R . , Secretary of the Treasury. UNITED STATES OF AMERICA 1 P E R C E N T T R E A S U R Y N O T E S OF SERIES A-1946 Dated November 1, 1941, with interest from September 15, 1944 Interest payable March 15 and September 15 Due March 15, 1946 A D D I T I O N A L ISSUE _ 19.44 . „ TREASURY DEPARTMENT, # Department Circular No. 749 O F F I C E OF T H E S E C R E T A R Y , Washington, August 24, 1944. Bureauofthfp^blfcDebt I. OFFERING OF NOTES 1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, invites subscriptions, at par, from the people of the United States for notes of the United States, designated 1 percent Treasury Notes of Series A-1946, in exchange for Treasury Notes of Series C-1944, or Treasury Notes of Series D-1944, which mature September 15, 1944. The amount of the offering under this circular will be limited to the amount of such maturing notes tendered and accepted. II. DESCRIPTION OF NOTES 1. The notes now offered will be an addition to and will form a part of the series of 1 percent Treasury Notes of Series A-1946 issued pursuant to Department Circular No. 671, dated October 23, 1941; will be freely interchangeable therewith; and (with the exception that interest on the notes issued under this circular will accrue from September 15, 1944) are identical in all respects therewith, and, except that the $1,000,000 denomination will be provided, are described in the following quotation from Department Circular No. 671: " 1 . The notes will be dated November 1, 1941, and will bear interest from that date 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 mature March 15,1946, and will not be subject to call for redemption prior to maturity. " 2 . The income derived from the notes shall be subject to all Federal taxes, now or hereafter imposed. The notes 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 notes will be accepted at par during such time and under such rules and regulations as shall be prescribed or approved by the Secretary of the Treasury in payment of income and profits taxes payable at the maturity of the notes. " 4 . The notes will be acceptable to secure deposits of public moneys, but will not bear the circulation privilege. " 5 . Bearer notes with interest coupons attached will be issued in denominations of $100, $500, $.1,000, $5,000, $10,000 and $100,000. The notes will not be issued in registered form. " 6 . The notes will be subject to the general regulations of the Treasury Department, now or hereafter prescribed, governing United States notes.'' III. SUBSCRIPTION AND ALLOTMENT 1. Subcriptions 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. 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, all subscriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment. IV. PAYMENT 1. Payment at par for notes allotted hereunder must be made on or before September 15, 1944, or on later allotment, and may be made only in Treasury Notes of Series C-1944, or in Treasury Notes of Series D-1944, maturing September 15, 1944, which will be accepted at par, and should accompany the subscription. V. GENERAL PROVISIONS 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the Treasury to the Federal Reserve Banks of the respective districts, to issue allotment notices, to receive payment for notes allotted, to make delivery of notes on full-paid subscriptions allotted, and they may issue interim receipts pending delivery of the definitive notes. 2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve Banks. H E N R Y MORGENTHAU, JR., Secretary of the Treasury. Subscriber's Reference No. Application Number EACS United States of A m e r i c a % percent Treasury Certificates of Indebtedness of Series E - 1 9 4 4 maturing September 1, 1 9 4 4 must b e tendered in payment for this subscription. EXCHANGE SUBSCRIPTION F O R UNITED STATES OF A M E R I C A % P E R C E N T T R E A S U R Y CERTIFICATES OF INDEBTEDNESS O F SERIES F-1945 D A T E D S E P T E M B E R 1, 1944 D U E S E P T E M B E R 1, 1945 Important 1. Subject to the reservations in Treasury Department Circular No. 748, dated August 24, 1944, all subscriptions will be allotted in full. 2. Coupons maturing September 1, 1944, should be detached from the certificates of Series E-1944 which are tendered in payment and collected in the usual manner. OP N E W YORE:, Fiscal Agent of the United States, Government Bond Department—2nd Floor, Dated at Federal Reserve P. 0. Station, New York 7, N. Y. FEDERAL RESERVE B A N K 1944 DEAR SIRS: Subject to the provisions of Treasury Department Circular No. 748, dated August 24, 1944, the undersigned hereby subscribes for United States of America % percent Treasury Certificates of Indebtedness of Series F-1945 as stated below: For own account $ For our customers (for use of banking institutions) as shown on reverse side of this form $ Total Subscription $ and tenders in payment therefor a like par amount of United States of America % percent Treasury Certificates of Indebtedness of Series E-1944, maturing September 1, 1944, as follows: To be delivered to you To be withdrawn from for our account by Delivered to securities held by you you herewith $ for our account $ $Issue and dispose of United States of America % percent Treasury Certificates of Indebtedness of Series F-1945 allotted on this subscription in the denominations and amounts as indicated below: DENOMINATIONS Pieces Par Value 1,000 • 1. • 2. • • 4. • 5. • 5. Deliver over the counter to the undersigned CO £ Leave Blank 5,000 10,000 Hold as collateral for War Loan deposits Special instructions: 100,000 1,000,000 Total IMPORTANT: No changes in delivery instructions will be accepted. A separate subscription must be submitted for each group of securities as to which different delivery instructions are given. The undersigned, if a bank or trust company, hereby certifies that the securities which you are hereby or hereafter instructed jto dispose of in the manner indicated in items numbered 3 and 4 above are the sole property of the undersigned. (Fill in all required spaces before signing) Application submitted by (Please print) TO SUBSCRIBES: Please indicate if this is a confirmation. YESNO... By (Title) (Official signature required) Street address City, Town or Village, P. O. No., and State. Spaces below are for the use of the Federal Reserve Bank of New York Beleaaed Taken from VaultCounted Checked Delivered Delivery Eeceipt Securities received by- B e c e i v e d f r o m FEDERAL BESKRVK BANK o r NEW YOEK t h o a b o v e d e s c r i b e d United States Government obligations in the amount indicated above. Subscriber. Checked by- Date. By. List of customers whose applications are included in the foregoing subscription Amount Subscribed Name of Customer (Please print or use typewriter) Address Subscriber's Reference No. Application Number EA-N-1 For use when United States of America 1 percent Treasury Notes of Series C-1944 maturing September 15, 1944 are tendered in payment. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 1 PERCENT TREASURY NOTES OF SERIES A-1946 DATED NOVEMBER 1, 1941 DUE MARCH 15, 1946 with interest from September 15, 1944 ADDITIONAL ISSUE Important 1. Subject to the reservations in Treasury Department Circular No. 749, dated August 24, 1944, all subscriptions will be allotted in full. 2. Coupons maturing September 15, 1944, should be detached from the notes of Series C-1944 which are tendered in payment and collected in the usual manner. YORK, Fiscal Agent of the United States, Government Bond Department—2nd Floor, Dated at Federal Reserve P. 0 . Station, New York 7, N. Y. F E D E R A L R E S E R V E B A N K OP N E W DEAR .1944 SIRS: Subject to the provisions of Treasury Department Circular No. 749, dated August 24, 1944, the undersigned hereby subscribes for United States of America 1 percent Treasury Notes of Series A-1946, additional issue, as stated below: For own account $ For our customers (for use of banking institutions) as shown on reverse side of this form $ Total Subscription $ md tenders in payment therefor a like par amount of United States of America 1 percent Treasury Notes of Series C-1944, naturing September 15, 1944, as follows: To be delivered to you To be withdrawn from for our account by. , , , ., , A )elivered to — t ^ held i— you ^ securities i ^ by - - ou herewith $ for our account Issue and dispose of United States of America 1 percent Treasury Notes of Series A-1946 allotted on this subscripion in the denominations and amounts as indicated below: DENOMINATIONS Pieces Par Value • 1. Deliver over the counter to the undersigned 3. Hold in safekeeping (for member bank only) 4. Hold as collateral for War Loan deposits • 1,000 2. Ship to the undersigned • 500 • • Leave Blank 100 5. Special instructions: 5.000 10,000 100,000 1,000,000 Total IMPORTANT: No changes in delivery instructions will be accepted. A separate subscription must be submitted each group of securities as to which different delivery instructions are given. The undersigned, if a bank or trust company, hereby certifies that securities which you are hereby or hereafter instructed dispose of in the manner indicated in items numbered 3 and 4 above are the sole property of the undersigned. (Fill in all required spaces before signing) Application submitted by K) SUBSCRIBER: JeaBe indicate if this is a confirmation. (Please print) YES. NO... By (Title) (Official signature required) Street address. City, Town or Village, P. O. No., and State. Spaces below are for the use of the Federal Reserve Bank of New York Released Taken from VaultCounted Cheeked DigitizedDelivered for FRASER Delivery Receipt Securities received byChecked by- Received from FEDERAL RESERVE B A N K OP N E W YORK the above described United States Government obligations in the amount indicated above. Subscriber. Date. By. List of customers whose applications are included in the foregoing subscription Amount Subscribed Name of Customer (Please print or use typewriter) Address Subscriber's Reference No. Application Number EA-N-2 For use when United States of A m e r i c a % percent Treasury Notes of Series D - 1 9 4 4 maturing September 15, 1 9 4 4 are tendered in payment. EXCHANGE SUBSCRIPTION F O R U N I T E D S T A T E S O F A M E R I C A 1 P E R C E N T T R E A S U R Y N O T E S O F SERIES A-1946 D A T E D N O V E M B E R 1, 1941 D U E M A R C H 15, 1946 with interest f r o m September 15, 1944 ADDITIONAL Important ISSUE 1. Subject to the reservations in Treasury Department Circular No. 749, dated August 24, 1944, all subscriptions will be allotted in full. 2. Coupons maturing September 15, 1944, should be detached from the notes of Series D-1944 which are tendered in payment and collected in the usual manner. Fiscal Agent of the United States, Government Bond Department—2nd Floor, Dated at Federal Reserve P. 0 . Station, New York 7, N. Y. F E D E R A L R E S E R V E B A N K OF N E W YORK, DEAR .1944 SIRS: Subject to the provisions of Treasury Department Circular No. 749, dated August 24, 1944, the undersigned hereby subscribes for United States of America 1 percent Treasury Notes of Series A-1946, additional issue, as stated below: For own account $ For our customers (for use of banking institutions) as shown on reverse side of this form $ Total Subscription $ and tenders in payment therefor a like par amount of United States of America % percent Treasury Notes of Series D-1944, maturing September 15, 1944, as follows: „ To be delivered to you 1 0 be.?"lt\dr1a7^fr0m ^ r , , for our account by Delivered to securities held by you you herewith $ for-our account $ $ Issue and dispose of United States of America 1 percent Treasury Notes of Series A-1946 allotted on this subscription in the denominations and amounts as indicated below: n i. • 2. Ship to the undersigned • 3. DENOMINATIONS Pieces $ Par Value 10 0 Leave Blank 500 • 4. 1,000 • 5. 5,000 10,000 1 00 0 0,0 1,000,000 Total IMPORTANT: No changes in delivery instructions will be accepted. A separate subscription must be submitted for each group of securities as to which different delivery instructions are given. The undersigned, if a bank or trust company, hereby certifies that securities which you are hereby or hereafter instructed to dispose of in the manner indicated in items numbered 3 and 4 above are the sole property of the undersigned. (Fill in all required spaces before signing) Application submitted by TO SUBSCRIBER: Please indicate if this is a confirmation. (Please print) YES. NO... By (Official signature required) (Title) Street address City, Town or Village, P. 0 . No., and State. Spaces below are for the use of the Federal Reserve Bank of New York Released Taken from VaultCounted Checked Delivered Delivery Receipt Securities received byChecked b y — R e c e i v e d f r o m FEDERAL RESERVE BANK OF NEW YORK the a b o v e described United States Government obligations in the amount indicated above. Subscriber. Date. By. List of customers whose applications are included in the foregoing subscription Amount Subscribed Name of Customer (Please print or use typewriter) Address
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