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FED ERAL RE SE R V E BANK O F N EW YO RK
Fiscal Agent of the United States
rC ircu lar N o. 3 8 2 2 T
U February 18, 1952 J

OFFERING OF

2% Percent Treasury Bonds of 1957-59
Due March 15, 1959

Dated and bearing interest from March 1, 1952

IN EXCHANGE FOR

2 l/2 Percent Treasury Bonds of 1952-54, Called March 15, 1952
OFFERING OF

1% Percent Treasury Certificates of Indebtedness of Series A-1953
Dated and bearing interest from March 1, 1952

Due February 15, 1953

IN EXCHANGE FOR

1% Percent Treasury Certificates of Indebtedness of Series A-1952, Maturing April 1, 1952
To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve D istrict:

The following statement was made public today:
Secretary of the Treasury Snyder today announced the details of the offering, through the Federal
Reserve Banks, of 2 % percent Treasury Bonds of 1957-59, open on an exchange basis, at par with an adjust­
ment of accrued interest as of March 15, 1952, in authorized denominations, to holders of 2 % percent
Treasury Bonds of 1952-54, called for redemption on March 15, 1952, in the amount of $1,023,568,350. At
the same time the Secretary announced the details of the offering of 1 % percent Treasury Certificates
of Indebtedness of Series A-1953, open on an exchange basis, at par with an adjustment of accrued interest
as of March 1, 1952, to holders of 1 % percent Treasury Certificates of Indebtedness of Series A-1952,
maturing April 1, 1952, in the amount of $9,524,077,000. Cash subscriptions will not be received.
The bonds now offered will be dated March 1, 1952, and will bear interest from that date at the rate of
2 % percent per annum, payable on a semiannual basis on September 15, 1952, and thereafter on March 15
and September 15 in each year until the principal becomes payable. The bonds will mature on March 15,
1959, but may be redeemed, at the option of the United States, on and after March 15, 1957. Bearer bonds
with interest coupons attached and bonds registered as to principal and interest will be issued in denomina­
tions of $500, $1,000, $5,000, $10,000, $100,000 and $1,000,000.
The certificates now offered will be dated March 1, 1952, and will bear interest from that date at the
rate of 1 % percent per annum, payable with the principal at maturity on February 15, 1953. 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 securities 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 both issues will be received at the Federal Reserve Banks and Branches and at the
Treasury Department, Washington, and should be accompanied by the securities to be exchanged. Treasury
Bonds of 1952-54 in coupon form presented for exchange should have March 15, 1952, and all subsequent
coupons attached when surrendered. The amount of the March 15, 1952, coupon will be credited and accrued
interest from March 1, 1952 to March 15, 1952 on the new bonds will be charged, and the difference
($11.58654 per $1,000) will be paid to the subscribers on March 1, 1952, or on later delivery of the new
bonds. In the case of registered bonds surrendered, the final interest will be computed on the same basis and
will be paid to the registered owners or their assignees. In the case of certificates accepted for exchange,
accrued interest from June 15, 1951 to March 1, 1952 ($13.31967 per $1,000) will be paid to the subscriber
following acceptance of the certificates.
The subscription books will close for the receipt of all subscriptions to both issues at the close of business
Thursday, February 21.
Subscriptions addressed to a Federal Reserve Bank or Branch or to the Treasury Department, and
placed in the mail before midnight February 21, will be considered as having been entered before the close
of the subscription books.

The terms o f these offerings are set forth in Treasury Department Circulars Nos. 898 and 899,
both dated February 18, 1952, copies of which are printed on the following pages.
The subscription books are now open 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

llan

S

proul,

President.

U N ITE D STATE S OF AM E R IC A
23/s P E R C E N T T R E A S U R Y B O N D S O F 1957-59
Dated and bearing interest from March 1, 1952

Due March 15, 1959

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 M A R C H 15, 1957

Interest payable March 15 and September 15

TREASUR Y DEPARTM ENT,

1952
D ep artm en t C ircular N o . S98

O f f ic e
F isc a l S erv ice
B ureau o f th e P u b lic D eb t

of t h e

Secretary,

Washington, February 18, 1952.
I.

O F F E R IN G O F B O N D S

1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended,
invites subscriptions, at par with an adjustment of accrued interest as of March 15, 1952, from the people of the
United States for bonds of the United States, designated 2 % percent Treasury Bonds of 1957-59, in exchange for
2 Y2 percent Treasury Bonds of 1952-54, dated March 31, 1941, due March 15, 1954, called for redemption on
March 15, 1952. The amount of the offering under this circular will be limited to the amount of Treasury Bonds
of 1952-54 tendered in exchange and accepted.
II.

D E S C R IP T IO N O F B O N D S

1. The bonds will be dated March 1, 1952, and will bear interest from that date at the rate of 2 % percent
per annum, payable on a semiannual basis on September 15, 1952, and thereafter on March 15 and September 15
in each year until the principal amount becomes payable. They will mature March 15,1959, but may be redeemed
at the option of the United States on and after March 15, 1957, in whole or in part, at par and accrued interest,
on any interest day or days, on 4 months’ notice of redemption given in such manner as the Secretary of the
Treasury shall prescribe. In case of 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 for redemption shall cease.
2. 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, 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 bonds will be acceptable to secure deposits of public moneys.
4. Bearer bonds with interest coupons attached, and bonds registered as to principal and interest, will be
issued in denominations of $500, $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision will be made for the
interchange of bonds of different denominations and of coupon and registered bonds, and for the transfer of
registered bonds, under rules and regulations prescribed by the Secretary of the Treasury.
5. The bonds will be subject to the general regulations of the Treasury Department, now or hereafter pre­
scribed, governing United States bonds.
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 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 bonds applied for, and to close the books as to any or all subscriptions at any time with­
out 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.

PAYMENT

1.
Payment at par for bonds allotted hereunder must be made on or before March 1,1952, or on later allot­
ment, and may be made only in Treasury Bonds of 1952-54, called for redemption March 15, 1952, which will be
accepted at par, and should accompany the subscription. Coupons dated March 15, 1952, must be attached to
such bonds in coupon form when surrendered. In the case of coupon bonds, the full six months’ interest to
March 15, 1952, on the bonds to be surrendered ($12.50 per $1,000) will be credited, accrued interest from
March 1, 1952 to March 15, 1952 on the bonds to be issued ($0.91346 per $1,000) will be charged, and the differ­
ence ($11.58654 per $1,000) will be paid to the subscribers on March 1, 1952, or on later delivery of the new
bonds. In the case of registered bonds, final interest due March 15 will be computed on the same basis and will
be paid by checks drawn in accordance with the assignments on the bonds surrendered.
V.

A S S IG N M E N T O F R E G IS T E R E D B O N D S

1.
Treasury Bonds of 1952-54 in registered form tendered in payment for bonds offered hereunder should
be assigned by the registered payees or assignees thereof, in accordance with the general regulations of the
Treasury Department governing assignments for transfer or exchange, in one of the forms hereafter set forth,
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 holder. If the new bonds are desired registered in the same name as the bonds sur­
rendered, the assignment should be to “ The Secretary of the Treasury for exchange for 2 % percent Treasury
Bonds of 1957-59” ; if the new bonds are desired registered in another name, the assignment should be to “ The
Secretary of the Treasury for exchange for 2 % percent Treasury Bonds of 1957-59 in the name of........................
if new bonds in coupon form are desired, the assignment should be to “ The Secretary of the Treasury for exchange
for 2 % percent Treasury Bonds of 1957-59 in coupon form to be delivered to..................................
V I.

G E N E R A L P R O V IS IO N S

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 bonds
allotted, to make delivery of bonds on full-paid subscriptions allotted, and they may issue interim receipts
pending delivery of the definitive bonds.
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.




JOHN W . SNYDER,
Secretary o f the Treasury.

(O V E B )

U N ITE D STATES OF AM E R IC A
V /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 O F I N D E B T E D N E S S O F S E R IE S A -1953
Dated and bearing interest from March 1, 1952

Due February 15, 1953

TR EASU R Y DEPARTM ENT,

1952
D ep artm en t C irctilar N o . 899

O f f ic e
F isc a l S ervice
B ureau o f th e P u b lic D eb t

of t h e

Secretary,

W ashington, F ebru ary 18, 1952.
I.

O F F E R I N G O F C E R T IF IC A T E S

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 A-1953, in exchange for 1 % percent
Treasury Certificates of Indebtedness of Series A-1952, maturing April 1, 1952. Exchanges will be made at par
with an adjustment of interest as of March 1, 1952. The amount of the offering under this circular will be limited
to the amount of Treasury Certificates of Indebtedness of Series A-1952 tendered in exchange and accepted.
II.

D E S C R IP T IO N O F C E R T IF IC A T E S

1. The certificates will be dated March 1, 1952, and will bear interest from that date at the rate of 1 % per­
cent per annum, payable with the principal at maturity on February 15, 1953. They will not be subject to
call for redemption 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 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.
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.

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 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 subscriptions 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, 1952, or on later allot­
ment, and may be made only in Treasury Certificates of Indebtedness of Series A-1952, maturing April 1, 1952,
which will be accepted at par and should accompany the subscription. Accrued interest from June 15, 1951,
to March 1, 1952 ($13.31967 per $1,000) on the certificates surrendered will be paid to the subscriber following
acceptance of the certificates.
V.

G E N E R A L P R O V IS IO N S

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 certi­
ficates 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.




JOHN W . SNYDER,
Secretary o f the Treasury.

(SUBM IT W IT H D U P L IC A T E W H IT E COPY)
Subscriber’. Reference No.
EA-B 1

Subscription Number

United States of America 2Y2 percent Treasury Bonds of 1952-54, dated March 31, 1941, called
for redemption on March 15, 1952, must be tendered in payment for this subscription.
EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY BONDS OF 1957-59
DATED MARCH 1, 1952, DUE MARCH 15, 1959
m

Important

REGISTERED FORM

1. Please d o n ot submit registered and cou p on bonds on the same subscription.
2. S u b ject to the reservations in Treasury D epartm ent C ircu lar N o. 8 9 8 , dated February 18, 1952, all subscriptions will be
allotted in full.
3 . C ou p on s dated M arch 15, 1952, must be attached to such bonds in cou p on form w hen surrendered. In the case o f cou pon
bonds, the full six m onths’ interest to M arch 15, 1 952, on the bonds to be surrendered ($ 1 2 .5 0 per $ 1 ,0 0 0 ) will be credited, accrued
interest from M arch 1, 19 5 2 to M arch 15, 19 5 2 on the bonds to b e issued ($ 0 .9 1 3 4 6 p er $ 1 ,0 0 0 ) will be charged, and the difference
($ 1 1 .5 8 6 5 4 p er $ 1 ,0 0 0 ) will be paid to the subscribers on M arch 1 , 19 5 2 o r on later delivery o f the new bonds. In the case o f registered
bonds, final interest du e M arch 15 will be com pu ted on the same basis and will be paid by ch ecks drawn in a ccord a n ce with the assign*
ments o n the bonds surrendered.
F

D

ederal

R

e serve

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.
Attention Government Bond Department— 2nd Floor

.1952

S ir s :

ear

Subject to the provisions of Treasury Department Circular No. 898, dated February 18, 1952, the undersigned hereby
subscribes for United States of America 2 % percent Treasury Bonds of 1957-59 as stated below:
For own account*.....................................................................................................................................

$.................................

For our customers (for use of banking institutions)*..................................................................

$.................................

* List forms o f registration on reverse side.

Total subscription.............................................................. $.................................
and tenders in payment therefor a like par amount of United States of America 2y2 percent Treasury Bonds of 1952-54,
dated March 31, 1941, as follows:
□ In bearer form
□ In registered form
m v

n .
Delivered to
you herewith $.............................

■,v j
,
To be delivered to you
-r S ?
m
*or our account by..................................................
securities held by you
$.................................
for our account...........$...........................................................................

Pay adjusted interest on bonds as follows:
By check............................................................................. □
By credit to our reserve account................................... □

□
’ icces

BONDS SURRENDERED
In bearer form
□ In registered form

Denomi­
nation

Dispose of registered securities issued on this subscription
as indicated below:

List serial numbers
( I f insufficient space,
use back o f form )

Face amount

50

□

1. Deliver over the counter to the undersigned

□

2. Ship to the undersigned

□

3. Hold in safekeeping (for member bank only)

□

4. Special instructions:

100

500
1,000

5,000

10,000
100,000

1, 000,000
TOTAL

(IM P O R T A N T : N o 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.)
(F ill in all required spaces before signing)

Subscription submitted by

(Please print)

TO SU B S C R IB E R :
Please indicate i f tliis is a confirmation.

Y E S ..

B y.
(T itle )

(O fficia l signature required)

N O ....

Street address .................................
j

The subscription books will close at
the close o f business February 21, 1952

City, Town or Village, P. O. No., and State

S p a ces b e lo w are f o r the use o f the F ed eral R eserve Bank o f New Y ork
V a u i .t R e c o r d

Securities
received b y-

Released
Taken from Vault-

Securities
received by—

Checked

Checked byDelivery Receipt

Received from F e d e r a l R e s e r v e B a n k o p N e w Y o k k the above described
United States Government obligations in the amount indicated above.

Counted


http://fraser.stlouisfed.org/
Delivered
Federal Reserve Bank of St. Louis

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 ecoed

Checked by
and delivered—

Subscriber.
Date.

By.

SCHEDULE FOR ISSUE OF REGISTERED BONDS
Names and addresses must be printed or typewritten.

(F o r use o f Federal Reserve Bank o f New Y ork )

DE N O M IN ATIO N S AN D S E R IA L NUM BERS OF BONDS R E GISTERED

D E N O M IN A TIO N S A N D S E R IA L NU M BER S OF BONDS SURRENDERED




F

(D U P L IC A T E COPY FOR USE OF F E D E R A L R E S E R V E B A N K OF N E W Y O R K )
S u b scriber ’■ R e fe r e n c e N o .

Subscription N um ber

E A -B 2

United States of America 2 l/ 2 percent Treasury Bonds of 1952-54, dated March 31, 1941, called
for redemption on March 15, 1952, must be tendered in payment for this subscription.
EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS OF 1957-59
DATED MARCH 1, 1952, DUE MARCH 15, 1959
m

Important

REGISTERED FORM

1. Please d o n ot submit registered and cou p on bonds on the same subscription.
2 . S u b ject to the reservations in Treasury D epartm ent C ircu lar No. 8 9 8 , dated February 18, 1 952, all subscriptions will be
allotted in full.
3. C ou p on s dated M arch 15, 1952, must be attached to such bonds in co u p o n form when surrendered. In the >•»«» o f cou pon
bonds, the full six m onths’ interest to M arch 15, 1 952, on the bonds to be surrendered ( $ 1 2 .5 0 per $ 1 ,0 0 0 ) will be credited, accrued
interest from M arch 1, 1 9 5 2 to M arch 15, 19 5 2 on the bonds to b e issued ($ 0 .9 1 3 4 6 p er $ 1 ,0 0 0 ) will be charged, and the difference
($ 1 1 .5 8 6 5 4 p er $ 1 ,0 0 0 ) will be paid to the subscribers on M arch 1 , 1952 or on later delivery o f the new bonds. In the case o f registered
bonds, final interest du e M arch 15 will be com pu ted on the same basis and will be paid b y ch ecks draw n in a ccord a n ce with the assign­
ments o n the bonds surrendered.
F ederal R eserve B a n k o f N e w 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

.1952

D ear S ir s :

Subject to the provisions of Treasury Department Circular No. 898, dated February 18, 1952, the undersigned hereby
subscribes for United States of America 2 % percent Treasury Bonds of 1957-59 as stated below:
For own accou n t*.....................................................................
For our customers (for use of banking institutions)*
• List forms o f registration on reverse side.

Total subscription..................................................................
$...................................
and tenders in payment therefor a like par amount of United States of America 2 ^ percent Treasury Bonds of 1952-54,
dated March 31, 1941, as follows:

n ■■

, .

□

In bearer form

m

j

□

In registered form
To be delivered to you
for our account by— .........................................

m

To betwlth,dr,a,w? from

D e liv e re d to

secu rities h eld b y y o u

you herewith $ ...............................

for our a c c o u n t......... $...............................................................................

$...................................

Pay adjusted interest on bonds as follows:
By c h e c k .................................................................................. □
By credit to our reserve account...................................... □
BONDS SURREND ERED
In bearer form
□ In registered form

□

Dispose of registered securities issued on this subscription
as indicated below:

List serial numbers

D e n o m i­

( I f insufficient space,
use back o f form )

Face amount

nation

□

1. Deliver over the counter to the undersigned

□

2. Ship to the undersigned

□

3. Hold in safekeeping (for member bank only)

□

4. Special instructions:

50

£

100

500
1,000

n r
I

5'oo°

?

10,000
100,000
1 , 000,000

TP

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.)
(F i ll in all required spaces b e fo re sig n in g )

S u b scrip tion subm itted by
(Please print)

TO S U B S C R IB E S :
P lease in d icate i f this is a confirm ation.

Y E S ...........

B y.
(Official signature required)

N O ..............

(T itle )

8treet address ..................................
T h e su bscrip tion book s w ill close at
the close o f business F ebru ary 21, 1952

C ity, T ow n o r V illa g e, P . O. N o., and State

S p aces b elow are f o r th e use o f the F ed era l R eserve Bank o f N ew Y ork
V

ault

R ec or d

S ecurities
received b y

R eleased
T a k en fr o m V a u lt-

Securities
received b y -

C ounted
C hecked


http://fraser.stlouisfed.org/
D elivered
Federal Reserve Bank of St. Louis

G overn m en t B ond

S a f e k e e p in g R ecord

R ecord

Checked b y D eliv ery R eceipt

R eceived fr o m F e d e r a l R e s e r v e B a n k o r N e w Y o r k the ab ove described
U nited S tates Governm ent oblig a tion s in the am ount indicated above.

Checked by

Subscriber.

and d elivered D a te.

B y.

SCHEDULE FOR ISSUE OF REGISTERED BONDS
t3 r “ Names and addresses must be printed or typewritten.

In dicats under appropriate denom inations, num ber o f bonds desire
N am e In w hich bonds shall b e registered, and post-office
address fo r interest checks and mail.
A m oun t

$500

$1,000

15,000

9 10 ,0 0 0

$100,000

$1.000.<

......................

♦

•

(F o r uce o f Federal Reserve Bank o f New Y o rk )

DENOMINATIONS AND SERIAL NUMBERS OF BONDS REGISTERED




(SUBM IT W IT H D U P L IC A T E W H IT E COPY)
Subscriber’s Reference No.
EA-B 3

Subscription Number

United States of America 2 l/ z percent Treasury Bonds of 1952-54, dated March 31, 1941, called
for redemption on March 15, 1952, must be tendered in payment for this subscription.
EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS OF 1957-59
DATED MARCH 1, 1952, DUE MARCH 15, 1959
Important
IN COUPON FORM
1. Please d o not submit registered and cou p on bonds on the same subscription.
2. S u bject to the reservations in Treasury D epartm ent C ircu lar N o. 898, dated February 18, 1952, all subscriptions will be
allotted in full.
3. C ou p on s dated M arch 15, 1952, must be attached to such bonds in cou p on form when surrendered. In the case o f cou p on
bonds, the full six m onths’ interest to M arch 15, 1952, on the bonds to be surrendered ($ 1 2 .5 0 per $ 1 ,0 0 0 ) will be credited, accrued
^rom M arch 1, 19 5 2 to M arch 15, 1 9 5 2 on the bonds to be issued ($ 0 .9 1 3 4 6 per $ 1 ,0 0 0 ) will be charged, and the difference
($ 1 1 .5 8 6 5 4 p er $ 1 ,0 0 0 ) will be paid to the subscribers on M arch 1, 1952 or on later delivery o f the new bonds. In the case o f registered
bonds, final interest due M arch 15 will be com pu ted on the same basis and will be paid b y ch ecks drawn in a ccord a n ce with the assign­
ments o n the bonds surrendered.
F ed e r a l R eserve B

a n k of

New Y

ork,

D a t e d a t. ..

Fiscal Agent of the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y.
D e a r S ir s •
Attention Government Bond Department— 2nd Floor

1959

Subject to the provisions of Treasury Department Circular No. 898, dated February 18, 1952, the undersigned hereby
subscribes for United States of America 2 % percent Treasury Bonds of 1957-59 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 1952-54,
dated March 31, 1941, as follows:
□ In bearer form
□ In registered form
_

,
.x, ,
„
To be delivered to you
be withdrawn from
f or our accoimt by................................................
securities held by you
for our account...........$...........................................................................
$.................................

n r
, ,
Delivered to
you herewith $............................

Pay adjusted interest on bonds as follows:
By check............................................................................. □
By credit to our reserve account................................... □

□

BONDS SURRENDERED
In bearer form
□ In registered form

Denomi­
nation

eces

$

.
-----

COUPON BONDS DESIRED IN EXCHANGE

List serial numbers
(If insufficient space,
use back of form)

Face amount

Denomi­
nation

Pieces

50

$

500

100

1,000

500

5,000

1,000

10,000

5,000

100,000

10,000

1,000,000

----------

100,000

----------

1,000,000

X

X

X

X

X

X

X

X

X

X

—

TOTAL

TO T A L

Dispose of
□ 1.
□ 2.
□ 3.
□ 4.

Leave this space blank

Face amount

—

securities issued on this subscription as indicated below:
Deliver over the counter to the undersigned
□ 5. Special instructions:
Ship to the undersigned
Hold in safekeeping (for member bank only)
Hold as collateral for Treasury Tax and Loan Account

( 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 o r trust co m p a n y ) hereby certifies that the securities w hich you are hereby instructed to dispose
o f in the manner indicated in items num bered 3 and 4 above are the sole property o f the undersigned.

(Fill in all required spaces before signing)
Subscription submitted by

(P le a se print)

TO SU B S C R IB E R :
Please indicate

if this is a confirmation.

YES.

By....

(T itle )

(O fficia l signature required)

N O ....

Street address .....................................
The subscription books will close at
the close o f business February 21, 1952

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
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

V a u l t R ecord

Securities
Released

----------

Checked by— ---------------------------------Securities

Counted

Delivery Receipt
Received from F e d e r a l R e s e r v e B a n k o r N e w Y o r k the above described
United States Government obligations in the amount indicated above.

---------Checked by
and delivered------------------

|

Delivered

----------

COUPON BONDS ISSUED IN EXCHANGE
ription No.
Pieces
percent Treasury Bonds o f 1957-59 issued in ex­
change fo r 2 Ys percent Treasury Bonds o f 1952-54
dated March 31,1941, called fo r redemption March 15,

Denomi­
nation
500
1,000

1952
5,000
10,000

D E L IV E R Y C O M P L E T E D




100,000
1 , 0 0 0 ,0 0 0

TOTAL

Face amount

Numbers

(Im p o rta n t

P lease d o n ot subm it registered and cou p on b on d s on the same su b scrip tion .)

List of customers included in the foregoing subscription
Am ount Subscribed




Name o f Customer

Address

( Please print or use typewriter)

D E N O M IN ATIO N S A N D S E R IA L NUM BERS OF BONDS SURRENDERED

(DUPLICATE COPY FOR USE OF FEDERAL RESERVE BANK OF N EW YORK)
Subscriber's Reference N o.

Subscription Number

United States of America 2 Vi percent Treasury Bonds of 1952-54, dated March 31,1941, called
for redemption on March 15, 1952, must be tendered in payment for this subscription.
EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 2 % PERCENT TREASURY BONDS OF 1957-59
DATED MARCH 1, 1952, DUE MARCH 15, 1959
Important
IN COUPON FORM
1. Please d o not submit registered and co u p o n bonds on the same subscription.
2. S u b ject to the reservations in Treasury D epartm ent C ircu lar N o. 8 9 8 , dated February 18, 19 5 2, all subscriptions will be
allotted in full.
3. C ou p on s dated M arch 15, 19 5 2, must be attached to such bonds in cou p on form w hen surrendered. In the case o f cou pon
bonds, the full six m onths’ interest to M arch 15, 1 952, on the bonds to be surrendered ($ 1 2 .5 0 per $ 1 ,0 0 0 ) will be credited, accrued
1 * 61*0 c c T M arch
19 5 2 to M arch 15, 19 5 2 on the bonds to b e issued ($ 0 .9 1 3 4 6 p er $ 1 ,0 0 0 ) will be charged, and the difference
u J c
i .p er $ 1 »0 0 0 ) will be paid to the subscribers on M arch 1, 1952 or on later delivery o f the new bonds. In the case o f registered
bonds, final interest due M arch 15 will be com pu ted on the same basis and will be paid b y ch ecks drawn in a ccord a n ce with the assign­
ments o n the bonds surrendered.
F

ederal

R eserve B

a n k op

New Y

D ated a t....

ork,

Fiscal Agent of the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y.
D e a r S ir s •
Attention Government Bond Department— 2nd Floor

1950

Subject to the provisions of Treasury Department Circular No. 898, dated February 18, 1952, the undersigned hereby
subscribes for United States of America 2% percent Treasury Bonds of 1957-59 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 1952-54,
dated March 31, 1941, as follows:
□ In bearer form
□ In registered form
n ..
, .
Delivered to
you herewith $.............................

m
,
,
To be delivered to you
To be.7 lth,d^ w? from
for our account by................................................
securities held by you
for our account...........$...........................................................................
$.................................

Pay adjusted interest on bonds as follows:
By check............................................................................. □
By credit to our reserve account................................... □
BONDS SURRENDERED
In bearer form
Q In registered form

□
eces

£

COUPON BONDS DESIRED IN EXCHANGE

List serial numbers

Denomi­
nation

Face amount

( I f insufficient spact,
use back o f form )

Denomi­
nation

Pieces

50

500

100

1,000

500

5,000

1,000

10,000

5,000

100,000

10,000

1 , 000 ,00 0

Face amount

Leave this space blank

100,000

,

1 000,000
TO TAL

TO T A L

Dispose of
□ 1.
□ 2.
□ 3.
□ 4.

securities issued on this subscription as indicated below:
Deliver over the counter to the undersigned
□ 5. Special instructions:
Ship to the undersigned
Hold in safekeeping (for member bank only)
Hold as collateral for Treasury Tax and Loan Account

(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 co m p a n y ) hereby certifies that the securities which y o u are hereby 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.
(F ill in all required spaces before signing)
Subscription submitted by
( Please prin t)

TO SU B SC R IB E R :
Please indicate i f this is a confirmation.

YES.

By....
(O fficia l signature required)

N O ...

(T itle )

Street address .....................................

The subscription books will close at
the close o f business February 21, 1952

City, Town or Village, P. O. No., and State

Spaces below a re fo r the use o f the Federal Reserve Bank o f New Y ork
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

V a u l t R ecord

S e c u r it ie s
R e le a s e d

------------S e c u r it 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 r 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 rn 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 t e d a b o v e .

C h eck ed b y
a n d d e l i v e r e d ---------------------D e liv e r e d

-------------

COUPON BONDS ISSUED IN EXCHANGE
■Subscription No.
Pieces
5% percent Treasury Bonds o f 1957-59 issued in exihange fo r 2 % percent Treasury Bonds o f 1952-54
luted March 31, 1941, called fo r redemption March 15,

Denomi­
nation
500
1,000

5,000

\




10,000
100,000

1, 000,000
TOTAL

Face amount

Numbers

(Im p o rta n t— P lease d o n ot subm it registered a n d cou p on b on d s on the same su b scrip tion .)

List of customers included in the foregoing subscription
Amount Subscribed




Name o f Customer

Address

(Please print or use typewriter)

D E N O M IN A TIO N S A N D S E R IA L NUM BERS OF BONDS SURRENDERED

(SUBM IT W IT H D U P L IC A T E W H IT E COPY)
S u bscriber’s Reference No.
EA-C 1

Subscription Number

United States of America 1 % percent Treasury Certificates of Indebtedness of Series A-1952,
maturing April 1, 1952, must be tendered in payment for this subscription.
EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS
OF SERIES A-1953, DATED MARCH 1, 1952, DUE FEBRUARY 15, 1953
Important
S u b ject to the reservation* in Treasury D epartm ent C ircu la r N o. 8 9 9 , dated February 18, 19 5 2, all subscriptions will be
allotted in full.
F

D

ederal

R eserve B a n k

of

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

.1952

S ir s :

Subject to the provisions of Treasury Department Circular No. 899, dated February 18, 1952, the undersigned hereby
subscribes for United States of America 1 % percent Treasury Certificates of Indebtedness of Series A-1953 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 1% percent Treasury Certificates of
Indebtedness of Series A-1952, maturing April 1, 1952, as follows:
m
„
To be delivered to you
n
To be withdrawn from
tor our account by...............................................
Delivered to
securities held by you
you herewith $.............................
for our account...........$.............................................................................
$.................................
Pay accrued interest from June 15,1951, to March 1,1952, on certificates surrendered
($13.31967 per $1,000) as follows:
By check............................................................................. □
By credit to our reserve account................................... □
CERTIFICATES DESIRED IN EXCHANGE

CERTIFICATES SURRENDERED
Denomi­
nation

eces

$

\

List serial numbers
(If insufficient space,
use back of form)

Face amount

Denomi­
nation

Pieces

$

1,000

Face amount

Leave this space blank

1,000

5,000

5,000

10,000

10,000

100,000

100,000

1,000,000

1,000,000

TOTAL

TO T A L

1 Dispose of securities issued on this subscription as indicated below:

/

□
□

1. Deliver over the counter to the undersigned
2. Ship to the undersigned
□

□

□

5. Special instructions:

3. Hold in safekeeping (for member bank only)
4. Hold as collateral for Treasury Tax and Loan
Account

(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.)
T h e undersigned ( if a bank o r trust co m p a n y ) h ereby certifies that the securities w hich you are hereby instructed to dispose
o f In the m anner indicated in items num bered 3 and 4 a b ove are the sole property o f the undersigned.
(F ill in all required spaces before signing)
Subscription submitted by
(P le a se print)

TO SU B S C R IB E R :
YES.

Please indicate i f this is a confirmation.

By....
(T itle )

(O fficial signature required)

N O ...

Street address .......................................

The subscription books will close at
the close o f business February 21, 1952

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 a f e k e e p in g R ecord

V a u l t R ecoed

Released

G o v e b n m e n t B o n d R ecord

Securities
received by-----------------------------------

---------Securities

Checked by

Delivery Receipt
R e c e iv e d f r o m F e d e r a l R e se r v e B a n k o f N e w Y o r k th e
U n it e d S ta te s 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 .

above

d e s c r ib e d

Checked by
and

Delivered

d e l i v e r e d ----------------------

D ate...........................................

----------

B y ...............................................................................

CERTIFICATES ISSUED IN EXCHANGE
lbscription No.
1% percent Treasury Certificates o f Indebtedness o f
Series A-1953 issued in exchange for 1% percent
rreasury Certificates o f Indebtedness o f Series A-1952
naturing April 1, 1952

Pieces

Denomi­
nation
1,000

5,000
10,000
D E L IV E R Y C O M P LE TE D




100,000
1 , 000,000
TO T A L

Face amount

Numbers

List o f customers included in the foregoing subscription
Amount Subscribed

Name of Customer

Address

(Please print or use typewriter)

•.'■a i

m
;rH *

DENOMINATIONS AND SERIAL NUMBERS OF CERTIFICATES SURRENDERED




(D U P L IC A T E COPY FOR USE OF F E D E R A L R E SE R V E B A N K OF N E W Y O R K )
Subscriber’s Reference No.
EA-C 2

F

Subscription Number

United States of America 1 % percent Treasury Certificates of Indebtedness of Series A-1952,
maturing April 1, 1952, must be tendered in payment for this subscription.
EXCHANGE SUBSCRIPTION
FOR UNITED STATES OF AMERICA 1% PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS
OF SERIES A-1953, DATED MARCH 1, 1952, DUE FEBRUARY 15, 1953
Important
S u b ject to th e reservations in Treasury D epartm ent C ircu la r N o. 8 9 9 , dated February 18. 1 952, all subscriptions will be
allotted in full.

F e d e r a l R e serve B a n k

op

N e w 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

.1952

D ear S ir s :

Subject to the provisions of Treasury Department Circular No. 899, dated February 18, 1952, the undersigned hereby
subscribes for United States of America 1 % percent Treasury Certificates of Indebtedness of Series A-1953 as stated below:
For own account........................................................................................................................................

$.................................

For our customers (for use of banking institutions) as shown on reverse side of this form

$...................... ..........

Total subscription..................................................

$...........................

I and tenders in payment therefor a like par amount of United States of America 1% percent Treasury Certificates of
I Indebtedness of Series A-1952, maturing April 1, 1952, as follows:
To be delivered to you
n i.
, .
To be.Jn1“ “ ™ from
for our account b y '.............................................
Delivered to
securities held by you
you herewith $.............................
for our account...........$...............................................................
Pay accrued interest from June 15,1951, to March 1,1952, on certificates surrendered
($13.31967 per $1,000) as follows:
By check........................... ................................................. □
%
By credit to our reserve account................................... □

■

Denomi­
nation

B

CERTIFICATES DESIRED IN EXCHANGE

CERTIFICATES SURRENDERED

Face amount

List serial numbers
(If insufficient space,
use back of form)

$

1,000

*

Denomi­
nation

Pieces

5,000

10,000

10,000

100,000

100,000

, T *000,000

1,000,000

V

—

if t

TOTAL

TOTAL

□
□
□
□

Leave this space blank

1,000

5,000

—

Face amount

1.
2.
3.
4.

□

Deliver over the counter to the undersigned
Ship to the undersigned
Hold in safeke*eping (for member bank only)
Hold as collateral for Treasury Tax and Loan
Account

5. Special instructions:

■t
(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.)
T h e undersigned ( if a bank o r trust co m p a n y ) hereby certifies that the securities w hich y o u are hereby instructed to dispose

o f >in the m anner indicated in items num bered 3 and 4 a b ove are the lo le property o f the undersigned.
(Fill in all required spaces before signing)
Subscription submitted by
TO SUBSCRIBER:
Please indicate i f this is a confirmation.

YES..

(Please print)

B y ........
(O fficial signature required)

N O ...

(Title)

Street address ....................................

The subscription books will close at
the close o f business February 21, 1952

City, Town or Village, P. 0 . No., and State
Sp aces b elow are fo r the use o f the Federal Reserve Bank o f New Y ork
V

p

au lt

R ecord

Released
Taken from Vault-

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

Securities
received by-

Securities
Checked by----------------- -------------received by— ----------------------- -— Delivery Receipt
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 obligations in the amount indicated above.

Checked by
and delivered-

Subscriber.

By.

Date.

CERTIFICATES ISSUED IN EXCHANGE
ion No.
56 percent Treasury Certificates o f Indebtedness of
eries A-1953 issued in exchange for 1% percent
reasury Certificates o f Indebtedness o f Series A-1952
aturing April 1, 1952




Pieces

Denomi­
nation
$

1,000
5,000
10,000
100,000

1,000,000
TOTAL

Face amount

Numbers

List o f customers included in the foregoing subscription

Amount Subscribed

Name o f Customer

Address

(Please Print or use typewriter)

iV-

DENOMINATIONS AND SERIAL NUMBERS OF CERTIFICATES SURRENDERED