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F E D E R A L R E S E R V E BA N K O F NEW YORK Fiscal A gent o f the United States r Circular N o. 3 6 7 1 1 L March 19, 1951 J OFFERING OF 2 % Percent Treasury Bonds, Investment Series B-1975-80 Nontransferable Dated and bearing interest from A pril 1,1951 Due A pril 1, 1980 IN EXCHANGE FOR 2 % Percent Treasury Bonds of 1967-72, Dated June 1, 1945, Due June 15, 1972, or 2^4 Percent Treasury Bonds of 1967-72, dated November 15, 1945, Due December 15, 1972 OFFERING OF 1 Y2 Percent Five-Year Treasury Notes Dated and bearing interest from April 1 and October 1 o f each year Due five years from issue date IN EXCHANGE FOR 2% Percent Treasury Bonds, Investment Series B-1975-80 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today: Secretary o f the Treasury Snyder today released the official circular governing the offering of 2 % percent Treasury Bonds, Investment Series B-1975-80. Holders o f 2 ^ percent Treasury Bonds o f June 15 and December 15, 1967-72 may, at their option, exchange their bonds of either or both series for the new 2 % percent Treasury bonds, in authorized denominations. The amount of the offering will be limited to the amount o f Treasury Bonds o f 1967-72 o f either or both of the specified series tendered and accepted. As announced by the Secretary on March 4, 1951, the subscription books will open on Monday, March 26, for a period o f about two weeks, although the Secretary reserves the right to close the books at any time without notice. The Secretary also today released the offering circular governing the l 1/^ percent five-year marketable Treasury notes which will be available for exchange to owners of the new 2 % percent Treasury bonds, at their option, during the life o f the bonds. The first issue o f the new notes will be dated A pril 1, 1951, and will be available as soon as the 2 % percent bonds are issued. Pursuant to the provisions o f the Public Debt A ct o f 1941, as amended, interest upon the bonds and notes 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 circulars released today. Subscriptions for the bonds 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 2^ percent bonds to be exchanged. Subject to the usual reservations, all subscriptions will be allotted in full. The terms of these offerings are set forth in Treasury Department Circulars Nos. 883 and 884, both dated March 26, 1951, copies of which are printed on the following pages. As stated above, the subscription books will open March 26, 1951, and applications will be received by this Bank as fiscal agent o f 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 l l a n S p r o u l , President. UNITED STATES OF AMERICA 23/t PER CEN T T R E A S U R Y BONDS, IN V E S T M E N T SERIES B-1975-80 Nontransferable Dated and bearing interest from April 1, 1951 Due April 1, 1980 R E D E E M A B L E A T T H E O P T IO N O F T H E U N IT E D S T A T E S A T P A R A N D A C C R U E D I N T E R E S T O N A N D A F T E R A P R I L 1, 1975 Interest payable April 1 and October 1 1951 Departm ent Circular N o. 883 T R E A S U R Y D E PARTM EN T, O f f ic e Flacal Service Bureau o f the P ublic Debt of t h e S ecretary, Washington, March 26, 1951. I. E X C H A N G E O F F E R IN G O F B O N D S 1. The Secretary of the Treasury, pursuant to the authority o f the Second Liberty Bond Act, as amended, invites subscriptions, at par, from the people o f the United States for bonds of the United States, designated 2% percent Treasury Bonds, Investment Series B-1975-80, in exchange for 2 ^ percent Treasury Bonds o f 1967-72, dated June 1, 1945, due June 15, 1972, or 2^2 percent Treasury Bonds of 1967-72, dated November 15, 1945, due December 15, 1972, in aggregate amounts o f $1,000, or multiples thereof. The amount o f the offering under this circular will be limited to the amount o f Treasury Bonds o f 1967-72 o f either or both o f the specified series tendered and accepted. 2. Commercial banks will be permitted to exchange the 2 % percent Treasury Bonds of December 15, 1967-72, acquired by them on original issue and bonds o f either series held in trading accounts pursuant to Treasury Department Circular No. 787, dated May 17, 1946. II. D E S C R IP T IO N A N D T E R M S O F B O N D S 1. The bonds will be dated A pril 1, 1951, and will bear interest from that date at the rate of 2% percent per annum, payable semiannually by check on October 1, 1951, and thereafter on A pril 1 and October 1 in each year until the principal amount becomes payable. They will mature A pril 1, 1980, and will not be redeemable prior thereto except as follows: (a ) They may be redeemed at the option o f the United States on and after A pril 1, 1975, in whole or in part, at par and accrued interest, on any interest day or days, on 4 months’ notice o f redemption given in such manner as the Secretary o f the Treasury shall prescribe. In case o f partial redemption the bonds to be redeemed will be determined by such method as may be prescribed by the Secretary of the Treasury. From the date of redemption designated in any such notice, interest on the bonds called fo r redemption shall cease. (b ) They may be redeemed at the option o f the duly constituted representatives o f a deceased owner’s estate, at par and accrued interest to the date of payment 1 if at the time o f death they constitute part o f the decedent’s estate and the Secretary o f the Treasury is authorized by the representatives to apply the entire proceeds o f redemption to the payment o f Federal estate taxes. Bonds submitted for redemption hereunder must be duly assigned to “ The Secretary o f the Treasury for redemption, the proceeds to be paid to the Collector o f Internal Revenue a t ..................... for credit on Federal estate taxes due from estate o f ..................................................... ” . The bonds must be accompanied by Form PD 17822 properly completed, signed and sworn to, and by a certificate o f the appointment o f the personal representatives, under seal o f the court, dated not more than six months prior to the submission o f the bonds, which shall show that at the date thereof the appointment was still in force and effect. Upon payment o f the bonds appropriate memorandum receipt will be forwarded to the representatives, which will be followed in due course by formal receipt from the Collector o f Internal Revenue. 2. Although the bonds are payable only at maturity except as provided in the preceding paragraph, they may, at the owner’s option, as provided in Department Circular No. 884, be exchanged for 1 % per cent five-year marketable Treasury Notes to be dated A pril 1 and October 1 of each year during the life o f the bond. I f the bonds surrendered are in order for exchange, the new notes will ordinarily be issued within ten calendar days from the date o f surrender to the Treasury Department or to a Federal Reserve Bank or Branch. The notes to be issued will bear the A pril 1 or October 1 date next preceding the date o f the exchange. Interest will be adjusted to the date on which the exchange is made. Partial exchange o f the bonds in multiples o f $ 1 ,000, and reissue o f the remainder, will be permitted. 3. The bonds will not be acceptable to secure deposits of public moneys, but they may be used as collateral for loans and may be pledged as security for the performance of an obligation or for any other purpose. In the event o f a default on the loan or in the performance o f the obligation, the pledgee will have the right only to exchange the bonds for 1V2 percent five-year marketable Treasury notes. The bonds may not be sold or discounted, and are not transferable in ordinary course, but they may be transferred 1 A n exact h alf-year’ s interest ia computed for each full half-year period irrespective o f the actual number o f days in the iiqlf year. For a fractional part o f any half year, computation is on the basis o f the actual number o f days in such half year. 2 Copies o f Form PD 1782 may be obtained from any Federal Reserve Bank or from the Treasury Department, Washington, D. C. (b y way o f reissue) ( 1 ) to successors in title, ( 2 ) (in the event o f the death o f the ow ner) to legatees, next o f kin, and other persons entitled, in accordance with the provisions o f Department Circular No. 300, and (3 ) to State supervisory authorities in pursuance o f any pledge required under State law. A bond which has been registered in the title o f a State supervisory authority may be reissued in the name o f the origina 1 owner upon assignment by such authority fo r that purpose. The term “ successors” as used in this paragraph includes but is not lim ited to succeeding organizations, succeeding trustees, and persons entitled upon the termination o f a trust or the dissolution o f a fu n d or organization. Judgm ent creditors, trustees in bankruptcy, and receivers o f insolvents’ estates will be entitled only to exchange the bonds fo r 1 % percent five-year marketable Treasury notes. Persons entitled to reissue under the provisions o f this paragraph w ill succeed to all the rights and privileges o f the registered owners. 4. The income derived from the bonds shall be subject to all taxes now or hereafter imposed under the Internal Revenue Code, or laws amendatory or supplementary thereto. The bonds shall be subject to estate, inheritance, g ift 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 o f the possessions o f the United States, or b y any local taxing authority. 5. The bonds w ill be issued only in registered form , and in denominations o f $1,000, $5,000, $10,000, $ 100 ,000, $ 1 ,000,000 and $ 10 ,000,000. 6. E xcept as otherwise specifically provided in this circular, Treasury Bonds o f Investment Series B-1975-80 issued hereunder will be subject to the general regulations o f the Treasury Department, now or hereafter prescribed, governing United States bonds. The regulations in Department Circular No. 815, (w hich govern 2^2 percent Treasury Bonds o f Investment Series A -1965), will not govern Treasury Bonds o f Investment Series B-1975-80. A ll questions concerning bonds issued hereunder and transactions pertaining thereto should be submitted to a Federal Reserve Bank or Branch or to the Treasury Department, Division o f Loans and Currency, W ashington 25, D. C. III. S U B S C R IP T IO N 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 Department, W ashington. Banking institutions generally may submit subscriptions fo r account o f customers, but only the Federal Reserve Banks and the Treasury Department are authorized to act as official agencies. 2. The Secretary o f the Treasury reserves the right to reject any subscription, in whole or in part, to allot less than the amount o f bonds applied for, and to close the books as to any or all subscriptions at any time without n otice; and any action he may take in these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full. A llotm ent notices w ill be sent out prom ptly upon allotment. IV . PAYM ENT 1. Payment fo r bonds allotted hereunder must be made on or before A p ril 1, 1951, or on later allot ment, and may be made only in Treasury Bonds o f 1967-72, due June 15, 1972, or Treasury Bonds of 1967-72, due December 15, 1972, which w ill be accepted at par and should accom pany the subscription. Coupons dated June 15, 1951, and all subsequent coupons, must be attached to bearer bonds o f either series when surrendered. I f any such coupons are missing, the subscription must be accom panied by cash payment equal to the face amount o f the missing coupons. A ccrued interest from December 15, 1950, to A p ril 1, 1951 ($7.3489 per $1,000) will be paid to subscribers tendering coupon bonds follow in g accept ance o f the bonds. In the case o f registered bonds o f either series tendered in payment, checks in payment o f accrued interest from December 15, 1950, to A pril 1, 1951, w ill be drawn in accordance with the assign ments on the bonds surrendered. V. A S S IG N M E N T OF R E G IS T E R E D BONDS 1. Treasury Bonds o f 1967-72, due June 15, 1972, or Treasury Bonds o f 1967-72, due December 15, 1972, in registered form tendered in payment fo r bonds offered hereunder should be assigned by the registered payees or assignees thereof in accordance with the general regulations o f the Treasury Depart ment governing assignments fo r transfer or exchange, in one o f the form s hereafter set forth, and there after should be presented and surrendered with the subscription to a Federal Reserve Bank or Branch or to the Treasury Department, Division o f Loans and Currency, W ashington, D. C. I f the new bonds are desired registered in the same name as the bonds surrendered, the assignment should be to “ The Secretary o f the Treasury fo r exchange fo r 2 % percent Treasury Bonds, Investment Series B-1975-80” . I f the new bonds are desired registered in another name, the assignment should be to “ The Secretary o f the Treasury fo r exchange fo r 2% percent Treasury Bonds, Investment Series B-1975-80, in the name o f ...................................” . V I. G E N E R A L P R O V IS IO N S 1. A s fiscal agents o f 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 o f the Treasury to the Federal Reserve Banks o f the respective Districts, to issue allotment notices, to receive p ay ment fo r bonds allotted, to make delivery o f bonds on full-paid subscriptions allotted, and they may issue interim receipts pending delivery o f the definitive bonds. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offering, which w ill be communicated prom ptly to the Federal Reserve Banks. E. H . FO LE Y Acting Secretary of the Treasury. UNITED STATES OF AM ERICA i y 2 P E R C E N T F IV E -Y E A R T R E A S U R Y N O T E S Dated and bearing interest from April 1 and October 1 of each year Due five years from issue date Interest payable April 1 and October 1 IS S U E D O N L Y IN E X C H A N G E F O R 23/$% T R E A S U R Y B O N D S , I N V E S T M E N T S E R I E S B-1975-80 >95i TREASU RY DEPARTM ENT, D ep artm en t C ircular N o. 884 ------ O f f ic e Burea^'of1the Public Debt of th e S ecretary, W ashington, M arch 26, 1951. L OFFERING OF NOTES 1. Treasury notes described herein are issued pursuant to the Second Liberty B ond A ct, as amended, and are offered by the Secretary o f the Treasury only to owners o f 2 % percent Treasury Bonds, Investment Series B-1975-80, and other persons entitled thereto, in accordance with the provisions o f Department Circular No. 883, dated March 26, 1951. 2. The first issue o f these notes will be dated A p r il 1, 1951. The last issue will be dated October 1, 1979, or the A p ril 1 or October 1 next preceding the date on which the 2 % percent Treasury Bonds, Investment Series B-1975-80, cease to bear interest if called fo r redemption p rior to maturity. II. D E S C R IP T IO N O F N O T E S 1. The notes w ill be issued each six months during the life o f the 2 % percent Treasury Bonds, Invest ment Series B-1975-80, in two series, to be dated A p ril 1 and October 1 in each year. The notes to be dated A pril 1 will bear the series designation E A follow ed by the year o f m aturity and the notes to be dated October 1 will bear the series designation EO follow ed by the year o f maturity. The notes w ill bear interest from their respective issue dates at the rate o f i y 2 percent per annum, payable semiannually on A p ril 1 and October 1 in each year until the principal amount becomes payable. They w ill mature five years from their respective issue dates, and w ill not be subject to call fo r redemption p rior to maturity. 2. The income derived from the notes shall be subject to all taxes, now or hereafter imposed under the Internal Revenue Code, or laws amendatory or supplementary thereto. The notes shall be subject to estate, inheritance, g ift or other excise taxes, whether Federal or State, but shall be exempt from all taxa tion now or hereafter imposed on the principal or interest thereof by any State, or any o f the possessions o f the United States, or by any local taxing authority. 3. The notes will be acceptable to secure deposits o f public moneys. They w ill not be acceptable in payment o f taxes. 4. Bearer notes with interest coupons attached will be issued in denominations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. The notes will not be issued in registered form . 5. The notes w ill be subject to the general regulations o f the Treasury Department, now or hereafter prescribed, governing United States notes. III. IS S U E O F N O T E S 1. The notes offered hereunder will be issued in exchange fo r 2 % percent Treasury Bonds, Investment Series B-1975-80, follow ing presentation and surrender o f the bonds duly assigned fo r exchange. The new notes will ordinarily be issued within ten calendar days from the date o f surrender o f the bonds to a Federal Reserve Bank or Branch or to the Treasury Department. The notes will bear the A p ril 1 or October 1 date next preceding the date o f the exchange and interest will be adjusted to the date on which the notes are issued by the Federal Reserve Bank or Branch or the Treasury Departm ent. Interest accrued at 2 % percent on the bonds surrendered from the next preceding A p ril 1 or October 1 to the date of exchange w ill be credited and interest at 1 y2 percent fo r the same period will be charged to the owner making the exchange and the difference will be paid to the owner at the time the exchange is made. IV . A S S IG N M E N T O F B O N D S 1. Treasury Bonds, Investment Series B-1975-80, tendered in exchange fo r notes offered hereunder should be assigned to “ The Secretary o f the Treasury fo r exchange fo r the current series o f E A or EO Treasury notes to be delivered to ...................................................................... ” , in accordance with the general regulations o f the Treasury Department governing assignments fo r exchange, and thereafter should be presented and surrendered with appropriate instructions to a Federal Reserve Bank or Branch or to the Treasury Department, Division o f Loans and Currency, W ashington 25, D. C. The bonds must be delivered at the expense and risk o f the owners. V. G E N E R A L P R O V IS IO N S 1. A s fiscal agents o f the United States, Federal Reserve Banks are authorized and requested to accept applications fo r the exchange o f Treasury Bonds, Investment Series B-1975-80, fo r 1 y2 percent five-year Treasury notes, and follow ing discharge o f registration to issue the new notes. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the exchange offering, which w ill be communicated prom ptly to the Federal Reserve Banks. E. H. FO LE Y Acting Secretary o f the Treasury. Subscriber 'a Kererence lv Application Number EA-B-l Use this form wh nited States of America 2*4 percent Treasury Bonds of 1967-72, dated •«une 1, 1945, due June 15, 1972, are tendered in payment. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS, INVESTMENT SERIES B-1975-80 NONTRANSFERABLE DATED APRIL 1, 1951, DUE APRIL 1, 1980 Important 1* Please do not submit registered and coupon bond* on the tame application. ii j2 '. S"*?ieet to the reservation* in Treasury Department Circular No. 883, dated March 26, 1951, all subscriptions will be allotted in full. r 3. Coupons dated June 15, 1951 and all subsequent coupons must be attached to bearer bonds when surrendered. Accrued interest from December 15, 1950 to April 1, 1951 ($ 7 .3 4 8 9 per $ 1 ,0 0 0 ) will be paid to subscribers tendering coupon bonds follow ing acceptance of the bonds. Ini the case of registered bonds tendered in payment, checks in payment o f accrued interest from December 15, 1950 to April 1, 1951 will be drawn in accordance with the assignments on the bonds surrendered. F ederal R Bank eserve op N ew Y ork, Dated at. Fiscal Agent o f the United States, Federal Reserve P. 0 . Station, New York 45, N. Y. .1951 Attention Government Bond Department— 2nd Floor D ear S ir s : Subject to the provisions of Treasury Department Circular No. 883, dated March 26, 1951, the undersigned hereby subscribes fo r United States o f America 2 % percent Treasury Bonds, Investment Series B-1975-80, in aggregate amounts of $ 1 ,000, or multiples thereof, as stated below: F or own account......................................................................................................................................... $................................. (I f a commercial bank, note certification below.) F or our customers (fo r use o f banking institutions) as shown on reverse side o f this form $................................. Total subscription.............................................................. $................................. and tenders in payment therefor a like par amount o f United States o f America 2 ^ percent Treasury Bonds of 1967-72, dated June 1, 1945, due June 15, 1972, as follows: □ In bearer form □ In registered form Delivered to you herewith $............................. fo To be delivered to you for our account by. To be withdrawn from securities held by you fo r our account .........i $- Pay accrued interest from December 15, 1950, to A pril 1, 1951 ($7.3489 per $1,000) on bearer bonds surrendered follow s: B y c h e c k ............................................................................. □ boi B y credit to our reserve account................................... □ (F i Issue and dispose o f 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 U Par Value T O ‘ Pieces $ Leave Blank n 2. 1,000 □ 3. 5,000 □ 4. • 10,000 100,000 ___ 1 ,000,000 10 ,000,000 Secur \ Total IM PORTANT: No changes in delivery instructions will be accepted. A separate subscription must be submitted r each group of securities as to which different delivery instructions are given. The undersigned, if a commercial bank, hereby certifies that the bonds tendered herewith for exchange for own account are ids held in trading account pursuant to Treasury Department Circular No. 787, dated May 17, 1946. 11 in reverse side (F ill in all required spaces b e fo re sig n in g ) f o r r e g is tr a tio n in s tr u c tio n s ) A p p lic a t io n su b m itte d b y . (Please print) iU B S C B lB E R : ■aae indicate i f this is YES. a c o n fir m a t io n . By. (Official signature required) N O ... ( T itle ) S treet address .................................. C i t y , T o w n o r V i l l a g e , P . O . N o ., u n d S t a t e ......................................................................... Spaces below are for the use of the Federal Reserve Bank of New York G o v e r n m e n t B o n d R ecord S a f e k e e p in g R ecord S e c u r i t ie s D e liv e r y R e c e ip t R e c e i v e d f r o m F e d e r a l R e s e r v e B a n k o f N e w Y o r k t h e a b o v e d e s c r ib e d U n it e d S ta te s G o v e r n m e n t o b lig a t io n s in th e a m o u n t in d ic a te d a b o v e . SCHEDULE FOR ISSUE OF R E G IS T E R S I tS ?* N a m es and addresses m u st b e p rin ted or ty p ew ritten . Indicate under appropriate denom inations, num ber o f bonds desi: N am e in which bonds shall be registered, and post-office address for interest checks and mail. A m ou n t $1,000 $5,000 $ 1 0 ,0 0 0 $ 1 0 0 ,0 0 0 $ 1,0 0 0 ,0 0 0 $ 10,00 Subscriber's Reference No. Application Number EA-B-2 Use this form when United States of America Zl/ 2 percent Treasury Bonds of 1967-72, dated November 15, 1945, due December 15, 1972, are tendered in payment. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS, INVESTMENT SERIES B-1975-80 NONTRANSFERABLE DATED APRIL 1, 1951, DUE APRIL 1, 1980 Important 1. Please do not submit registered and coupon bonds on the tame application. allotted2 h»SfuiieCt *° re,ervation* Tr«**ury Department Circular No. 883, dated March 26, 1951, all subscriptions will be 3. Coupons dated June IS, 1951 and all subsequent coupons must be attached to bearer bonds when surrendered. Accrued interest from December 15, 1950 to April 1, 1951 ($ 7 .3 4 8 9 per $ 1 ,0 0 0 ) will be paid to subscribers tendering coupon bonds follow^ « C ®1 o L . A r e * U t .e r e d tendered in payment, checks in payment of accrued interest from December 15, 19 50 to April 1, 1951 will be drawn in accordance with the assignments on the bonds surrendered. F e d eral R eserve B a n k of N e w Y ork, Dated at. Fiscal Agent o f the United States, Federal Reserve P. 0 . Station, ............................ New York 45, N. Y . Attention Government Bond Department— 2nd Floor D ear .1951 S ir s : Subject to the provisions of Treasury Department Circular No. 883, dated March 26, 1951, the undersigned hereby subscribes for United States of America 2 % percent Treasury Bonds, Investment Series B-1975-80, in aggregate amounts o f $ 1 ,000, or multiples thereof, as stated below: F or own account......................................................................................................................................... $................................. ( I f a commercial bank, note certification below.) For our customers (fo r use of banking institutions) as shown on reverse side of this form $................................. Total subscription.............................................................. $................................. and tenders in payment therefor a like par amount o f United States o f America 2x/2 percent Treasury Bonds of 1967-72, dated November 15, 1945, due December 15, 1972, as follow s: □ In bearer form □ In registered form Delivered to you herewith $............................ To be withdrawn from securities held by you ................................................ for our account .........$........................................................................... $................................. Pay accrued interest from December 15, 1950, to A pril 1, 1951 ($7.3489 per $1,000) on bearer bonds surrendered as follow s: B y c h e c k ............................................................................. □ B y credit to our reserve account................................... □ Issue and dispose o f 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 Pieces Par Value $ □ Leave Blank 1. Deliver over the counter to the undersigned □ 2. Ship to the undersigned 1,000 □ 3. 5,000 □ 4. Special instructions: H old in safekeeping (fo r member bank only) 10,000 100,000 1 ,000,000 10 ,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 commercial bank, hereby certifies that the bonds tendered herewith for exchange for own account are (a ) bonds acquired on original issue, or ( b ) bonds held in trading account pursuant to Treasury Department Circular No. 787, dated May 17, 1946. (F ill in reverse side fo r registration instructions) (F ill in all required spaces before signing) Application submitted by. (Please print) TO SU B S C R IB E R : Please indicate i f this is a confirmation. YES NO... B y. (Official signature required) (T itle) Street address ................................ City, Town or Village, P. O. No., and State Spaces below are for the use of the Federal Reserve Bank o f New York G o ver n m en t B ond R S a f e k e e p i n g R ecoed Securities received by- ecoed Checked byDelivery Receipt Securities received by- Received from F e d e r a l R e s e r v e B a n k o f N e w Y o r k the above described United States Government obligations in the amount indicated above. Subscriber. Checked by and delivered- Date. B y. SCHEDULE FOR ISSUE OF REGISTERED BONDS I5 P N a m es an d addresses m u st b e p rin ted o r ty p e w ritte n . (SU B M IT W IT H D U PL IC A T E W H IT E C O PY) '/ / D epositor’ s Reference No. Application Number E A -N EXCHANGE APPLICATION FOR UNITED STATES OF AMERICA 1 % PERCENT FIVE-YEAR TREASURY NOTES Dated and bearing interest from April 1 and October 1 of each year Due five years from issue date Interest payable April 1 and October 1 Important The notes will bear the April 1 or October 1 date next preceding the date of the exchange and interest will be adjusted to the date on which the notes are issued by the Federal Reserve Bank of New York. Interest accrued at 2% percent on the bonds surrendered from the next preceding April 1 or October 1 to the date of exchange will be credited and interest at 1 l/x percent for the same period will be charged to the owner making the exchange and the difference will be paid to the owner at the time the exchange is made. F ederal R eserve B a n k of New Y ork, „+ .......................................................................... Fiscal Agent o f the United States, Federal Reserve P. 0 . Station, ,Q New York 45, N. Y . ............................................................................... ........... Attention Government Bond Department— 2nd Floor D ear S ir s : Subject to the provisions o f Treasury Department Circular No. 884, dated March 26, 1951, the undersigned hereby applies for $............................ par amount o f 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 F i v e - Y e a r T r e a s u r y N o t e s , and tenders in exchange therefor a like par amount of United States of America 23A percent Treasury Bonds, Investment Series B-1975-80, as follows: To be delivered to you for our account by...... To be withdrawn from securities held by you for our a c c o u n t.......... 3 Delivered to you herewith $. R E G IS T E R E D BONDS SU RREN D ERED DENOMI NATION EC IS $ COUPON NOTES D E SIR E D IN E XC H A N G E L IS T S E R IA L N U M B E R S FACE AM OU N T D E N O M I ( I f insufficient space, u se back o f fo r m ) P IE C E S N A T IO N $ 1 ,0 0 0 PACE AM OU NT 1,000 5 ,0 0 0 5,000 1 0 ,0 0 0 10,000 1 0 0 ,0 0 0 1 0 0 ,0 0 0 1 ,0 0 0 , 0 0 0 1 ,0 0 0 ,0 0 0 1 0 , 0 0 0 ,0 0 0 X X TOTAL Dispose o f □ 1. □ 2. □ 3. □ 4. (NOTE: LEAVE T H IS SPACE B L A N K X X X TO T A L securities issued on this application as indicated below: Deliver over the counter to the undersigned □ 5. Special instructions: Ship to the undersigned H old in safekeeping (fo r member bank only) H old as collateral for Treasury Tax and Loan Account No changes in delivery instructions will be accepted. A separate application 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 instructed to dispose of in the manner indicated in items numbered 3 and 4 above are the sole property of the undersigned. (F ill in all required spaces before signing) Application submitted by. (P le a se print) B y .. X Received from Vault (O fficia l signature required) (T itle ) Street address ................................................................................................................. Delivered b y .............. City, Town or Village, P. O. No., and S t a t e .......................................................... (The spaces below to be used only by the Federal Reserve Bank) A P P L IC A T IO N N U M B E R ....................................................... D E L IV E R OUT O F G E N E R A L STOCK 1>/j PE R CEN T 5-Y E A R T R E A S U R Y N O TE S D E SIG N A T E D EA. COUPON NOTES D E SIR E D IN E XC H A N G E D E N O M I N A T IO N $ EO. PACE AM OU NT 1,000 5,000 A N D A L L SU B SE Q U EN T COUPONS A TT A C H E D . 10,000 100,000 1 ,000,000 TO T A L SE C U R ITY CUSTODY DEPARTM ENT GOVERNM ENT BOND D E PA R TM E N T RECEIVED CHECKED REQUISITIONED APPROVED TAKEN PROM VAULT COUNTED DELIVERED DEN OM IN ATIONS AND SE R IA L NUM BERS OP BONDS SU RRENDERED (D U P L IC A T E COPY FO R USE OF F E D E R A L R E SE R V E B A N K OF N EW Y O R K ) D epositor’s R cfcrcn ce No. 6 i f 'S C 7 ) Application Number EA-N EXCHANGE APPLICATION FOR UNITED STATES OF AMERICA 1% PERCENT FIVE-YEAR TREASURY NOTES Dated and bearing interest from April 1 and October 1 of each year Due five years from issue date Interest payable April 1 and October 1 Important The notes will bear the April 1 or October 1 date next preceding the date of the exchange and interest will be adjusted to the date on which the notea are issued by the Federal Reserve Bank of New York. Interest accrued at 2 % percent on the bonds surrendered from the next preceding April 1 or October 1 to the date of exchange will be credited and interest at 1 1 / 2 percent for the same period will be charged to the owner making the exchange and the difference will be paid to the owner at the time the exchange is made. F R eserve B a n k of N e w Y o r k , Dated at Fiscal Agent of the United States, Federal Reserve P. 0 . Station, iq New York 45, N. Y . ............................................................................... Attention Government Bond Department— 2nd Floor ederal ...... D ear S ir s : Subject to the provisions o f Treasury Department Circular No. 884, dated March 26, 1951, the undersigned hereby applies for $............................ par amount o f U n i t e d S t a t e s o p A m e r i c a i y 2 p e r c e n t F i v e - Y e a r T r e a s u r y N o t e s , and tenders in exchange therefor a like par amount of United States of America 2 % percent Treasury Bonds, Investment Series B-1975-80, as follows: To be delivered to you for our account by...... To be withdrawn from securities held by you for our a c c o u n t.......... & Delivered to you herewith $. R E G IST E R E D BONDS SU RRENDERED L I S T S E R IA L N U M B E R S D E N O M I N A T IO N IECES $ COUPON NOTES D E S IR E D IN E XC H A N G E FACE AM OU N T D E N O M I (I f insufficient space, use back of form) P IE C E S N A T IO N $ '1 , 0 0 0 F ACE A M O U N T 1 ,0 0 0 5 ,0 0 0 5 ,0 0 0 1 0 ,0 0 0 1 0 ,0 0 0 1 0 0 ,0 0 0 1 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 X X 1 0 ,0 0 0 ,0 0 0 X X X TO T A L TOTAL [C ispose of ^1 □ 1. □ 2. □ 3. □ 4. LEAVE T H IS SPACE B L A N K securities issued on this application as indicated below : Deliver over the counter to the undersigned Q 5. Special instructions: Ship to the undersigned H old in safekeeping (fo r member bank only) H old as collateral for Treasury Tax and Loan Account (N O T E : No changes in delivery instructions will be accepted. A separate application must be submitted for each group o f 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 instructed to dispose of in the manner indicated in items numbered 3 and 4 above are the sole property of the undersigned. (F ill in all required spaces before signing) Application submitted by. (I’ leasc print) B y. Received from Vault (Official signature required) (T itle ) Street address ...................................................... Delivered by .............. City, Town or Village, P. 0 . No., and State (DUPLICATE FOR RECORD PURPOSES; THE SPACES BELOW TO BE USED ONLY BY THE FEDERAL RESERVE BANK) COUPON NOTES D E SIR E D IN E XC H A N G E A P P I ,, A t i o n N U M B E R ....................................................... D E L ? V I ? O U T O F G E N E R A L STOCK 1 % PE R CEN T 5-YE).AIi T R E A SU R Y N O TE S D E SIG N A T E D D E N O M I P IE C E S N A T IO N EA 1,000 EO. 5,000 NUMBERS FACE A M OU N T A N D A L L SU BSEQ U EN T COUPONS A TT A C H E D . 10,000 100,000 , 1 000,000 TO T A L SE C U R ITY CUSTODY DEPARTM EN T GOVERNM ENT BOND D E PA R TM E N T E EC E IV E D CHECKED R E Q U IS IT IO N E D APPRO VED T AK EN FROM VAU LT CO UN TED DELIVERED DEN OM IN ATIONS AND SE R IA L NUM BERS OF BONDS SU RRENDERED
@FedFRASER