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FE D E R A L R E S E R V E BANK OF NEW YORK Fiscal Agent of the United States f Circular No. 3 3 0 9 "1 L February 18, 1948 J Exchange Offering o f 11/8 Percent Treasury Certificates o f Indebtedness o f Series C-1949 Dated and bearing interest from March 1, 1948 Due March 1, 1949 Amount of Offering To Be Limited to the Amount of % Percent Treasury Certificates of Series C-1948, Maturing March 1, 1948 2 Percent Treasury Bonds of 1948-50, Dated March 15, 1941, Called for Redemption on March 15,1948 or 2% Percent Treasury Bonds of 1948-51, Called for Redemption on March 15,1948 Tendered and Accepted To all Banking Institutions, and Others Concerned, in the Second Federal Beserve District: The following press statement was today made public: Secretary of the Treasury Snyder today announced the offering, through the Federal Reserve Banks, of 1 % percent Treasury Certificates of Indebtedness of Series C-1949, open on an exchange basis, in authorized denominations, to holders of % percent Treasury Certificates of Indebtedness of Series C-1948, maturing March 1, 1948, in the amount of $2,141,731,000, 2 percent Treasury Bonds of 1948-50 (dated March 15, 1941), called for redemption on March 15, 1948, in the amount of $1,115,367,900, or 2 % percent Treasury Bonds of 1948-51, called for redemption on March 15, 1948, in the amount of $1,223,495,850. Exchanges will be made par for par in the case of the maturing certificates, and at par with an adjustment of interest as of March 15, 1948, in the case of the called bonds. The certificates now offered will be dated March 1, 1948, and will bear interest from that date at the rate of one and one-eighth percent per annum, payable with the principal at maturity on March 1, 1949. They will be issued in bearer form only, 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, as amended, interest upon the certifi cates now offered shall not have any exemption, as such, under the Internal Revenue Code, or laws amendatory or supplementary thereto. 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, and should be accompanied by a like face amount of the securities to be exchanged and, where maturing bonds in coupon form are presented, by payment of accrued interest on the new certificates at the rate of $0.43151 per $1,000, since in these cases interest is to be adjusted as of March 15, 1948. Subject to the usual reservations, all subscriptions will be allotted in full. The subscription books will close for the receipt of all subscriptions at the close of business Friday, February 20. Subscriptions addressed to a Federal Reserve Bank or Branch or to the Treasury Department, and placed in the mail before midnight February 20, will be considered as having been entered before the close of the subscription books. The terms of this offering are set forth in Treasury Department Circular No. 823, dated February 18, 1948, copy of which is printed on the following pages. The subscription books are now open and applications will be received by this bank as fiscal agent of the United States. Cash subscriptions will not be received. Exchange 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. A jllan S proul , President. UNITED STATES OF AMERICA 1 y s P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F SE R IE S C-1949 Dated and bearing interest from March 1, 1948 Department'cirxuUr No. 823 Due March 1, 1949 TR EA SU R Y D EPARTM ENT, ------ O f f ic e of th e S ecretary, Washington, February 18, 1948. 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 from the people of the United States for certificates of indebtedness of the United States, designated 1 % percent Treasury Certificates of Indebtedness of Series C-1949, in exchange for % percent Treas ury Certificates of Indebtedness of Series C-1948, maturing March 1, 1948, 2 percent Treasury Bonds of 1948-50, dated March 15, 1941, called for redemption on March 15,1948, or 2 % percent Treasury Bonds of 1948-51, called for redemption on March 15,1948. Exchanges will be made par for par in the case of the maturing certificates, and at par with an adjustment of interest as of March 15, 1948, in the case of the called bonds. II. DESCRIPTION OF CERTIFICATES 1. The certificates will be dated March 1,1948, and will bear interest from that date at the rate of 1 % percent per annum, payable with the principal at maturity on March 1, 1949. They will not be subject to call for redemp tion prior to maturity. 2. The income derived from the certificates shall be subject to all taxes, now or hereafter imposed under the Internal Revenue Code, or laws amendatory or supplementary thereto. 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 here after 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 pay ment of taxes. 4. Bearer certificates 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 A N D A L L O T M E N T 1. Subscriptions will be received at the Federal Reserve Banks and Branches and at the Treasury Depart ment, 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 sub scriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment. IV . PAYM ENT 1. Payment for certificates allotted hereunder must be made on or before March 1,1948, or on later allotment. Payment of the principal amount may be made only in Treasury Certificates of Indebtedness of Series C-1948, maturing March 1, 1948, in Treasury Bonds of 1948-50, called for redemption on March 15,1948, or in Treasury Bonds of 1948-51, called for redemption on March 15, 1948, which will be accepted at par and should accompany the subscription. The full year’s interest on the certificates surrendered will be paid to the subscriber following acceptance of the certificates. In the case of the called bonds in coupon form, payment of accrued interest on the new certificates from March 1, 1948 to March 15, 1948 ($0.43151 per $1,000) should be made when the subscrip tion is tendered. In the case of maturing registered bonds, the accrued interest will be deducted from the amount of the check which will be issued in payment of final interest on the bonds surrendered. Final interest due March 15 on bonds surrendered will be paid, in the case of coupon bonds, by payment of March 15, 1948 coupons, which should be detached by holders before presentation of the bonds, and in the case of registered bonds, by checks drawn in accordance with the assignments on the bonds surrendered. V. ASSIGNM ENT OF REGISTERED BONDS 1. Treasury Bonds of 1948-50 and Treasury Bonds of 1948-51 in registered form tendered in payment for certificates offered hereunder should be assigned by the registered payees or assignees thereof to “ The Secretary of the Treasury for exchange for Treasury Certificates of Indebtedness of Series C-1949 to be delivered to............... .................... ” , in accordance with the general regulations of the Treasury Department governing assignments for transfer or exchange, and thereafter should be presented and surrendered with the subscription to a Federal Reserve Bank or Branch or to the Treasury Department, Division of Loans-and Currency, Washington, D. C. The bonds must be delivered at the expense and risk of the holders. VI. GENERAL PROVISIONS 1. A s fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive sub scriptions, 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 amenda tory rules and regulations governing the offering, which will be communicated promptly to the Federal Reserve Banks. JOHN W . SNYDER, Secretary of the Treasury. Subscriber’s Reference No. Application Number E A -B L C S For use when United States of America 2 percent Treasury Bonds of 1948-50, dated March 15,1941 IN COUPON FORM, called for redemption on March 15,1948 are tendered in payment. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1949, DATED MARCH 1, 1948, DUE MARCH 1, 1949 Important 1. S u b je ct to the res« rvations in T reasu ry D epartm en t C ircu lar No. 82 3 , dated February 18, 1948, all subscriptions w ill be a llotted in fu ll. 2. C ou pon s d a ted M arch 15, 1948, should be deta ch ed from U nited States o f A m erica 2 p ercen t T reasu ry Bonds o f 19 4 8-5 0 , da ted M arch 15, 1941 w hich are ten dered in paym ent and co lle cte d in the usual manner. 3. A ccr u e d in terest on the new certificates from M arch 1, 1948 to M arch 15, 1948 at the rate o f $ 0 .43151 per $ 1 ,0 0 0 must a ccom p a n y this su bscrip tion . F D ederal R eserve B ank op N ew Y ork, Dated at. Fiscal Agent of the United States, Federal Reserve P. 0 . Station, .......................... New York 45, N. Y . Attention Government Bond Department— 2nd Floor ear .1948 S ir s : Subject to the provisions of Treasury Department Circular No. 823, dated February 18, 1948, the undersigned hereby subscribes for United States of America V/% percent Treasury Certificates of Indebtedness of Series C-1949 as stated below: For own account................................................................................................................ r .............................. $................................... 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 2 percent Treasury Bonds of 1948-50, dated March 15, 1941, called for redemption on March 15, 1948, in coupon form as follows : Delivered to you herewith $............................... m , .,,, „ . To be delivered to you To be withdrawn from for our account b y ...................................................... securities held by you for our account........... $.................................................................................. $................................... Payment of accrued interest from March 1, 1948 to March 15, 1948 ($0.43151 per $1,000) on securities allotted is made as indicated below: By charge to our Beserve Account which is hereby authorized (For use of member banks only) - * - By check and/or cash herewith..................... 0 □ Issue and dispose of the securities allotted on this subscription in the denominations and amounts as indicated below: D e n o m in a t io n s Par Value Pieces $ Leave Blanlj □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned 1,000 □ 3. Hold in safekeeping (for member bank only) 5,000 □ 4. □ 5. Special instructions : 10,000 « Hold as collateral for W ar Loan deposits 100,000 1,000,000 Total IM P O R T A N T : 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. T h e undersigned, if a bank or trust com pan y, h ereby certifies that the securities w hich you are hereby or hereafter instructed to dispose o f in the m anner indicated in items num bered 3 and 4 above are the sole property o f the undersigned. (Fill in all required spaces before signing) Application submitted by. (Please print) TO SUBSCRIBES: Please indicate if this is a confirmation. YES. By................ NO... (Official signature required) (Title) Street address City, Town or Village, P. O. No., and State. Spaces b elow are fo r the use o f the Federal Reserve Bank of New Y ork V a u l t R ecord Released Securities received by- - Taken from Vault- Securities received by- Counted Checked G o vern m en t B ond R ecord S a fe k e e pin g R ecord Received from F ederal R eserve B a n k op N e w Y ork the above described United States Government obligations in the amount indicated above. Checked by and delivered- Delivered Checked byDelivery Receipt Subscriber. Date. By. List of customers whose applications are included in the foregoing subscription Am ount Subscribed Name of Customer ( Please print or use typewriter) Address Subscriber’s Reference No. Application Number E A -B L C L For use when United States of America 2 % percent Treasury Bonds of 1948-51 IN COUPON FORM, called for redemption on March 15, 1948 are tendered in payment. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1949, DATED MARCH 1, 1948, DUE MARCH 1, 1949 Important 1. S u b je ct to the reservations in T reasu ry D epartm ent C ircu la r No. 8 23, dated February 18, 1948, all subscriptions w ill be allotted in fu ll. 2. C ou pon s d a ted M arch 15, 1 9 4 8, shou ld be d eta ch ed from U nited States o f A m erica 2 % p ercen t T reasu ry Bonds o f 1948*51 w hich are ten d ered in paym ent and c o lle c te d in the usual manner. 3. A ccr u e d interest on the new certificates from M arch 1, 1948 to M arch 15, 1948 at the rate o f $ 0 .43151 per $ 1 ,0 0 0 must accom p a n y this subscrip tion . F ederal R eserv e B a n k o f N ew Y o r k , Dated at. Fiscal Agent of the United States, Federal Reserve P. 0 . Station, .......................... New York 45, N. Y . Attention Government Bond Department— 2nd Floor .1948 D ear S i r s : Subject to the provisions of Treasury Department Circular No. 823, dated February 18, 1948, the undersigned hereby subscribes for United States of America 1 ^ percent Treasury Certificates of Indebtedness of Series C-1949 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 2 % percent Treasury Bonds of 1948-51 called for redemption on March 15, 1948, in coupon form as follows: To be delivered to you To be withdrawn from for our account by............ ...................................... securities held by you Delivered to for our account........... $. you herewith $............................. Payment of accrued interest from March 1, 1948 to March 15, 1948 ($0.43151 per $1,000) on securities allotted is made as indicated below: By charge to our Reserve Account which is hereby authorized (For use of member banks only) - - - By check and/or cash herewith..................... Q Q Issue and dispose of the securities allotted on this subscription in the denominations and amounts as indicated below : D e n o m in a t io n s Par Value Pieces $ Leave Blank □ 1. Deliver over the counter to the undersigned Ship to the undersigned □ 2. 1,000 □ 3. Hold in safekeeping (for member bank only) 5,000 □ ' 4. □ 10,000 Hold as collateral for W ar Loan deposits 5. Special instructions: 100,000 1,000,000 Total IM P O R T A N T : 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. T he undersigned, if a bank o r trust com pan y, hereby certifies that the securities which you are hereby or hereafter instructed to disp os« o f in the manner indicated in items num bered 3 and 4 a bove are the sole property o f the undersigned. (Fill in all required spaces before signing) Application submitted by. (Please print) TO SUBSCRIBER: Please indicate if this is a confirmation. YES By............... NO... (Official signature required) (Title) Street address City, Town or Village, P. O. No., and State. Spaces below are fo r the use o f the Federal Reserve Bank o f New Y ork V ault R ecobd Securities received by- Released Taken from Vault- Securities received by- Counted Checked Delivered G o vern m en t B ond R ecord S a fe k e e pin g R ecord Checked byDelivery Receipt Received from F ederal R eserve B a n k or N e w Y ork the above described United States Government obligations in the amount indicated above. Checked by and delivered- Subscriber. Date. By. List of customers whose applications are included in the foregoing subscription Am ount Subscribed Name of Customer ( Please print or use typewriter) Address lubscriber’s Reference No. Application Number lA -B L R L For use when United States of America 2 % percent Treasury Bonds of 1948-51 IN REGISTERED FORM, called for redemption on March 15,1948 are tendered in payment. EXCHANGE SUBSCRIPTION r0 R UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1949, DATED MARCH 1, 1948, DUE MARCH 1, 1949 important 1. S u b je c t to the reserva tion s in T reasu ry D epartm en t C ircu la r N o. 8 2 3 , da ted February 18, 19 4 8, all subscriptions w ill be H otted in fu ll. 2. 294 p e rce n t T reasu ry B onds o f 1 9 48-51 in registered form ten dered in paym ent fo r 1 H p ercen t T reasu ry C ertificates o f n debted n ess o f S eries C -1 9 4 9 sh ou ld b e assigned b y the registered p a yees or assignees th e re o f in the m anner p r ov id ed in pararaph 1 o f S e ctio n V o f T reasu ry D epartm en t C ircu la r N o. 8 2 3 . 3. A c c r u e d in terest w ill b e ch a rged to the su b scrib er on the new certificates fro m M arch 1, 1948 to M arch 15, 19 4 8 a t the ate o f $ 0 .4 3 1 5 1 p e r $ 1 ,0 0 0 . T h is am ount w ill b e ch a rged again st the final interest due M arch 15, 19 4 8 on the 2 % p ercen t T reasu ry io n d i o f 1 948-51 su rren d ered , w hich is $ 1 3 .7 5 p er $ 1 ,0 0 0 , and the d ifferen ce w ill be rem itted b y us to the su b scrib er upon disch arge >f registra tion o f such b o n d s b y the T reasu ry D epartm en t. Fede ra l R eserve B a n k of New Y ork, TWpri « t Fiscal Agent of the United States, Federal Reserve P. 0 . Station, New York 45, N. Y . iq4Q .................................................................................. 1 Attention Government Bond Department— 2nd Floor Dear S i r s : Subject to the provisions of Treasury Department Circular No. 823, dated February 18, 1948, the undersigned hereby subscribes for United States of America 1 % percent Treasury Certificates of Indebtedness of Series C-1949 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 2 % percent Treasury Bonds of 1948-51 ¿ailed for redemption on March 15, 1948, in registered form, as follows: _ . .A. , . To be delivered to you „ . To be withdrawn from for our aceolmt b ................................................... Delivered to securities held by you pou herewith $............................... for our account........... $.............*..................................................................... $................................... You are authorized to charge the amount of accrued interest from March 1, 1948 to March 15, 1948 on the securities allotted against the amount of final interest due on March 15, 1948 on the registered bonds surrendered, and to remit the wlance upon discharge of registration of such bonds by the Treasury Department. Issue and dispose of the securities allotted on this subscription in the denominations and amounts as indicated below : D e n o m in a t io n s □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned 1,000 □ 3. Hold in safekeeping (for member bank only) 5,000 □ 4. □ 5. Special instructions : Par Value Pieces $ Leave Blank 10,000 Hold as collateral for W ar Loan deposits 100,000 1,000,000 Total IM P O R T A N T : No changes in delivery instructions will be accepted. A separate subscription must be submitted for each group o f securities as to which different delivery instructions are given. The undersigned, if a bank o r trust com pa n y, h ereby certifies that the securities w hich y ou are h ereby or hereafter instructed >se o f in the m anner indicated in items n um bered 3 and 4 a b ov e are the sole property o f the undersigned. to dispose (Pill in all required spaces before signing) Application submitted b y .., TO SUBSCRIBER: (Please print) Please indicate if this is a confirmation YES. NO.... By.................. (Official signature required) (Title) Street address.................................................. City, Town or Village, P. O. No., and State Spaces b elow are fo r the use o f the Federal Reserve Bank o f New Y ork S afe k e e p in g R ecord V a u l t R ec or d R e le a s e d Taken from Vault- Securities received by- Checked byDelivery Receipt Received from F ederal R eserve B a n k of N e w Y ork the above described United States Government obligations in the amount indicated above. Counted Checked G overn m en t B ond R ecord Securities received by- Checked by and delivered- Delivered Sub8criber. Date. By. List of customers whose applications are included in the foregoing subscription Amount Subscribed Name of Customer ( Pleas* print or use typewriter) Address Subscriber’s Reference No. Application Number EA-BLRS For use when United States of America 2 percent Treasury Bonds of 1948-50, dated March 15,1941 IN REGISTERED FORM, called for redemption on March 15, 1948 are tendered in payment. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1949, DATED MARCH 1, 1948, DUE MARCH 1, 1949 Important 1. S u b je ct to the reservations in T reasu ry D epartm ent C ircular No. 8 2 3 , dated February 18, 1948, all subscriptions w ill be allotted in fu ll. 2. 2 percen t T reasu ry Bonds o f 1 9 4 8-5 0 , dated M arch 15, 1941, in registered form ten dered in paym ent fo r 1^8 percent Treasu ry C ertificates o f In debted ness o f Series C -1 9 4 9 should be assigned b y the registered payees or assignees th ereof in the m anner prov id e d in paragraph 1 o f S ection V o f T reasu ry D epartm en t C ircu lar No. 823. 3. A ccr u e d interest w ill be ch a rged to the subscriber on the new certificates from M arch 1, 1948 to M arch 15, 1948 at the rate o f $ 0 .43 1 5 1 per $ 1 ,0 0 0 . This am ount w ill b e ch a rged against the final interest due M arch 15, 1948 on the 2 p ercen t Treasu ry Bonds o f 1 9 4 8 -5 0 , da ted M arch 15, 1941, su rrendered, w hich is $ 1 0 .0 0 per $ 1 ,00 0 , and the differen ce will be rem itted b y us to the su b scrib er upon disch a rge o f registration o f such bonds b y the T reasu ry D epartm ent. F e d e ra l R e s e r v e B a n k of New Y ork, Dated at. Fiscal Agent of the United States, Federal Reserve P. 0 . Station, New York 45, N. Y . .1948 Attention Government Bond Department— 2nd Floor D ear S ir s : Subject to the provisions of Treasury Department Circular No. 823, dated February 18, 1948, the undersigned hereby subscribes for United States of America I 1/*} percent Treasury Certificates of Indebtedness of Series C-1949 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 2 percent Treasury Bonds of 1948-50, dated March 15, 1941, called for redemption on March 15, 1948, in registered form, as follows: Delivered to you herewith $............................... To be delivered to you To be withdrawn from for our account by...... securities held by you for our account........... $................................................................ :............... $................................... You are authorized to charge the amount of accrued interest from March 1, 1948 to March 15, 1948 on the securities allotted against the amount of final interest due on March 15, 1948 on the registered bonds surrendered, and to remit the balance upon discharge of registration of such bonds by the Treasury Department. Issue and dispose of the securities allotted on this subscription in the denominations and amounts as indicated below: D é n o m in a t io n s Par Value Pieces $ Leave Blank □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned 1,000 □ 3. Ilold in safekeeping (for member bank only) 5,000 □ 4. Hold as collateral for W ar Loan deposits □ 5. Special instructions: 10,000 *100,000 1,000,000 Total IM P O R T A N T : 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. T h e u ndersign ed , i f a bank or trust com pan y, h ereb y certifies that the securities w hich you are h ereby or h erea fter instructed to d isp o se o f in the m anner in dica ted in item s n um bered 3 and 4 a b ov e are the sole prop erty o f the undersigned. (Fill in all required spaces before signing) Application submitted by. (Please print) TO SUBSCRIBER: Please indicate if this is a confirmation. YES. B y .................. NO... (Title) (Official signature required) Street address City, Town or Village, P. 0. No., and State. Spaces b elow are fo r the use o f the Federal R eserve Bank o f New Y ork V a u l t R ecord Securities received by- Released Taken from Vault- Securities received by- Checked Checked byDelivery Receipt Received from F ederal R eserve B a n k of N e w Y ork the above described United States Government obligations in the amount indicated above. Counted Delivered G o vern m en t B ond R ecord S afe ke e pin g R ecord Checked by and delivered Subscriber. Date. By. List of customers whose applications are included in the foregoing subscription Am ount Subscribed Name o f Customer ( Please print or use typewriter) Address Subscriber’s Reference No. Application Number E A -C S United States1of America % percent Treasury Certificates of Indebtedness of Series C-1948, maturing March 1, 1948 must be tendered in payment for this subscription. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1949, DATED MARCH 1, 1948, DUE MARCH 1, 1949 Important S u b je ct to the reserva tion s in T reasu ry D epartm en t C ircu la r No. 8 2 3 , dated February 18, 1948, all subscriptions w ill be a llotted in fu ll. F e d e ra l R eserve B a n k of New Y ork, Dated at. Fiscal Agent of the United States, Federal Reserve P. 0 . Station, New York 45, N. Y . .1948 Attention Government Bond Department— 2nd Floor D ear S ir s : Subject to the provisions of Treasury Department Circular No. 823, dated February 18, 1948, the undersigned hereby subscribes for United States of America 1 Ys percent Treasury Certificates of Indebtedness of Series C-1949 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 C-1948, maturing March 1, 1948, as follows: m i. .Ai j To be delivered to you T ° bo w.thdrawn from for our aeeount b ' .................................................. Delivered to securities held by you you herewith $ .............................. for our account........... $................................................................................. $................................... Pay the proceeds of interest due March 1, 1948 on maturing securities as follows: By ch eck ............................................................................................................................ □ By credit to our reserve account................................................................................ □ Issue and dispose of the securities allotted on this subscription in the denominations and amounts as indicated below: D e n o m in a t io n s Par Value Pieces $ Leave Blank 1,000 5,000 □ 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned □ 3. Hold in safekeeping (for member bank only) □ 4. □ 5. Special instructions: Hold as collateral for W ar Loan deposits 10,000 100,000 1,000,000 Total IM P O R T A N T : 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 com pan y, hereby certifies that the securities which you are hereby or hereafter instructed to dispose o f in the m anner indicated in items num bered 3 and 4 a bove are the sole property o f the undersigned. (F ill in all required spaces before signing) Application submitted by. . . (Please print) TO SUBSCRIBER: YES. Please indicate if this is a confirmation. NO... By.................... (Official signature required) (Title) Street address City, Town or Village, P. 0. No., and State. Spaces below are fo r the use o f the Federal Reserve Bank of New Y ork V ault R ecord Securities received by- Released Taken from Vault- Securities received by- Counted Checked Delivered G o vernm ent B ond R ecord S a fe ke epin g R ecord Checked byDelivery Receipt Received from F ederal R eserve B a n k of N e w Y ork the above described United States Government obligations in the amount indicated above. Checked by and delivered- Subscriber. Date. By. List of customers whose applications are included in the foregoing subscription Amount Subscribed Name of Customer (Pitas* print *r us* typwmrUf) Address
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