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F E D E R A L R E S E R V E BANK O F NEW YORK F isca l A g e n t o f th e U n ite d S tates r Circular N o. 3 8 9 3 T U September 15, 1952 j OFFERING OF 2 % Percent Treasury Notes of Series A-1953 IN EXCHANGE FOR 1% Percent Treasury Certificates of Indebtedness of Series E-1952, Maturing October 1, 1952 To All Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The following statement was made public today: A ctin g Secretary o f the Treasury F oley today announced the offering, through the Federal Reserve Banks, o f 2 % percent Treasury Notes o f Series A-1953, open on an exchange basis, par fo r par, to holders o f 1 % percent Treasury Certificates o f Indebtedness o f Series E-1952, m aturing October 1, 1952, in the amount o f $10,861,027,000. Cash subscriptions will not be received. The notes o f Series A-1953 now offered w ill be dated October 1, 1952, and will bear interest from that date at the rate o f 2 % percent per annum, payable on a semiannual basis on June 1 and December 1, 1953. They will mature December 1, 1953. They will be issued in bearer form only, with interest coupons attached, in denominations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. Pursuant to the provisions o f the Public Debt A ct o f 1941, as amended, interest upon the notes now offered shall not have any exemption, as such, under the Internal Revenue Code, or laws amendatory or supplementary thereto. The fu ll 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, W ashington, and should be accom panied by a like face amount o f the m aturing certificates. Subject to the usual reservations, all subscriptions will be allotted in full. The subscription books will close fo r the receipt o f all subscriptions at the close o f business Thursday, September 18. Subscriptions addressed to a Federal Reserve Bank or Branch or to the Treasury Department, and placed in the mail before m idnight September 18, will be considered as having been entered before the close o f the subscription books. The terms of this offering are set forth in Treasury Department Circular No. 913, dated September 15,1952, a copy o f which is printed on the reverse side. The subscription books are now open and subscriptions 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 form s and mailed immediately or, if filed by telegram or letter, should be confirmed immediately by mail on the forms provided. A llan S proul, President. ( over ) UNITED STATES OF AMERICA 2y8 P E R C E N T T R E A S U R Y N O T E S O F S E R IE S A-1953 D ated and bearing interest from O ctober 1, 1952 D u e D ecem ber 1, 1953 1952 TREASU RY DEPARTM ENT, D e p a r t m e n t C ir c u la r N o . 9 1 3 ------- O f f ic e o f t h e S e c r e t a r y , Washington, Septem ber 15, 1952. B u rea u o f th e p u b lic D e b t I. O F F E R IN G O F N O TE S 1. The Secretary o f the Treasury, pursuant to the authority o f the Second L iberty B ond A ct, as amended, invites subscriptions, at par, from the people o f the U nited States fo r notes o f the United States, designated 2Yq percent Treasury Notes o f Series A-1953, in exchange fo r Treasury Certificates o f Indebtedness o f Series E-1952, m aturing October 1, 1952. II . D E S C R IP T IO N O F N O T E S 1. The notes will be dated October 1, 1952, and will bear interest from that date at the rate o f 2Y% percent per annum, payable on a semiannual basis on June 1 and December 1,1953. They w ill mature December 1,1953, 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 taxation now or here after imposed on the principal or interest thereof by any State, or any o f the possessions o f the U nited 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 p ay ment o f taxes. 4. Bearer notes with interest coupons attached w ill 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 will be subject to the general regulations o f the Treasury Department, now or hereafter pre scribed, governing United States notes. 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 righ t to reject any subscription, in whole or in part, to allot less than the amount o f notes 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 w ill be allotted in full. A llotm ent notices will be sent out prom ptly upon allotment. IV . PAYM ENT 1. Payment at par fo r notes allotted hereunder must be made on or before October 1, 1952, or on later allotment, and may be made only in Treasury Certificates o f Indebtedness o f Series E-1952, m aturing October 1, 1952, which will be accepted at par, and should accom pany the subscription. The fu ll amount o f interest due on the certificates surrendered will be paid to the subscriber follow ing acceptance o f the certificates. 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 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 paym ent fo r notes allotted, to make delivery o f notes on full-paid subscriptions allotted, and they may issue interim receipts pend ing delivery o f the definitive notes. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or amenda tory rules and regulations governing the offering, w hich will be communicated prom ptly to the Federal Reserve Banks. E. H. FO LE Y, A ctin g S ecretary o f the Treasury. (SU B M IT W IT H D U P L IC A T E W H IT E COPY) Subscriber ’s Reference No. Subscription Number E S -N l United States of America 1 % percent Treasury Certificates of Indebtedness of Series E-1952, maturing October 1, 1952, must be tendered in payment for this subscription. EXCHANGE SUBSCRIPTION 2 % PERCENT TREASURY NOTES OF SERIES A-1953 FOR UNITED STATES OF AMERICA DATED OCTOBER 1, 1952, DUE DECEMBER 1, 1953 Important a llo tte d i n Sf S i r Ct ‘ ° ^ F ederal R B ank eserve re,erV a tioM in T reasu ry D epartm en t C ircu la r N o. 9 1 3 , d a ted Sep tem ber IS , 1 952, .11 subscriptions w ill be of N ew Y ork, „ Fiscal Agent o f the United States, Dated a t ........................................................................ Federal Reserve P. 0 . Station. New York 45, N. Y. .................................................................................. 1952 ^ Attention Government Bond Department— 2nd Floor D e a r S ir s : Subject to the provisions of Treasury Department Circular No. 913, dated September 15, 1952, the undersigned hereby subscribes for United States o f America 2*/&percent Treasury Notes o f Series A-1953, as stated below : F or own account...................................................................................................................................... $ F or our customers (fo r use o f 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 E-1952, maturing October 1, 1952, as follows: To be delivered to you for our account by..... To be withdrawn from securities held by you for our a cco u n t........... Delivered to you herewith $. Pay interest due October 1, 1952, on maturing certificates as follows: B y c h e c k ............................................................................. □ B y credit to our reserve account................................... Q C E R T IF IC A T E S SU RREN D ERED Denomi nation ieces $ NOTES D E SIR E D IN E XC H A N G E List serial numbers (If insufficient space, use back of form) Face amount Denomi nation Pieces 1,000 $ 5,000 10,000 10,000 100,000 100,000 1,000,000 1,000,000 TOTAL TO T A L securities issued on this subscription as indicated below: Deliver over the counter to the undersigned □ Ship to the undersigned Hold in safekeeping (for member bank only) Hold as collateral for Treasury Tax and Loan Account Leave this space blank 1,000 5,000 Dispose of □ 1. □ 2. □ 3. □ 4. Face amount 5. Special instructions: ( IM PO RTAN T : No changes in delivery instructions will be accepted. A separate subscription must be submitted i for each group o f securities as to which different delivery instructions are given.) T h e undersigned ( i f 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 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) S u b scrip tion subm itted b y (P lease prin t) TO S U B S C R IB E R : P lease in d ica te i f this is a confirmation. Y E S .. B y .... N O ..., (O fficial signature requ ired) (T itle ) S treet a d d r e s s ......................................... The subscription books will close at the Close o f business September 18, 1952 City, T ow n o r V illa g e, P . 0 . N o ., and State S p aces b e lo w a re fo r the use o f the F ed eral R eserve Bank o f N ew Y o rk V a u l t R ecord S a f e k e e p in g R ecord G o v e b n m e n t B o n d R ecord Securities received Released Taken from Vault- Checked byDelivery 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. Counted Checked by- Securities received b y- Checked by and delivered- Subscriber. Date. Delivered By. NOTES ISSUED IN E XC H A N G E lubscription No. Denomi nation Pieces & percent Treasury Notes o f Series A-1953 issued exchange fo r 1% percent Treasury Certificates of debtedness o f Series E-1952 maturing October 1, 952 $ 1,000 5,000 10,000 100,000 D E L IV E R Y C O M P L E T E D 1,000,000 TOTAL Face amount Numbers List o f customers included in the foregoing subscription Amount Subscribed Name of Customer Address (Please print o r use typewriter) 4 DENOM INATIONS AND SE R IA L NUMBERS OP C E R T IF IC A T E S SURRENDERED -------- ,— ----|| i ' a:, A • 1 ! . (D U P L IC A T E COPY F O R USE OF F E D E R A L s u b scrib er’s Reference No. ES-K2 R E SER V E B A N K OF N EW Y O R K ) a . . .. .T v Subscription Number United States of America l 7/ a percent Treasury Certificates of Indebtedness of Series E-1952, maturing October 1, 1952, must be tendered in payment for this subscription. EXCHANGE SUBSCRIPTION FOR UNITED STATES OF AMERICA 2% PERCENT TREASURY NOTES OF SERIES A-1953 DATED OCTOBER 1, 1952, DUE DECEMBER 1, 1953 Important a llo tte d in ^u U JeCt *° ^ F ederal R B eserve r e ,e r v * tion‘ in T r e **u*-y D epartm en t C ircu la r N o. 9 1 3 , dated Sep tem ber 15, 1952, all subscriptions w ill be a n k op New Y ork, . , . Fiscal Agent o f the United States, Dated a t ........................................................................ Federal Reserve P. 0 . Station, New York 45, N. Y . ..................................................................................1952 Attention Government Bond Department— 2nd Floor D e a r S ir s : Subject to the provisions o f Treasury Department Circular No. 913, dated September 15, 1952, the undersigned hereby subscribes for United States o f America 2y% percent Treasury Notes of Series A-1953, as stated below : For own account...................................................................................................................................... For our customers (fo r use o f 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 of America 1% percent Treasury Certificates of Indebtedness of Series E-1952, maturing October 1, 1952, 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 $. Pay interest due October 1, 1952, on maturing certificates as follows: B y check ............................................................................. □ B y credit to our reserve account................................... □ C E R T IF IC A T E S SU RREN D ERED List serial numbers Denomi nation $ NOTES D E SIR E D IN E XC H A N G E ( I f insufficient space, use bach o f form ) Face amount Denomi nation Pieces 1,000 $ 5,000 10,000 10,000 100,000 100,000 1 , 000,000 1 , 000,000 total total securities issued on this subscription as indicated below: Deliver over the counter to the undersigned □ Ship to the undersigned Hold in safekeeping (for member bank only) Hold as collateral for Treasury Tax and Loan Account Leave this space blank 1,000 5 ,0 0 0 Dispose of □ 1. □ 2. □ 3. □ 4. Face amount 5. Special instructions: (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 he undersigned ( if a bank o r trust com 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 above are the sole property o f the undersigned. (F ill in all required spaces before signing) Subscription submitted by (Please print) TO S U B S C R IB E R : Please indicate i f this is a confirmation. YES., B y .... (Title) (Official signature required) N O .... Street a d d r e s s ....................................... The subscription books will close at the close o f business September 18, 1952 City, Town or Village, P. O. No., and State S p aces b elow are f o r the use o f the F ed eral R eserve Bank o f N ew Y o rk V a u l t R ecord SA7EK EEPIN Q RECORD G o v e b n m e n t B o n d R ecord Securities received by- Released Taken from Vault 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 obligations in the amount indicated above. Counted Checked Checked by- Securities received by- Checked by and delivered- Subscriber. Date. Delivered By. NOTES ISSUED IN E XC H A N G E M t e ip t io n N o...................................................................... Denomi nation Pieces —- percent Treasury Notes o f Series A-1953 issued n e x c h a n g e fo r 1 % percent Treasury Certificates o f n d e b t a d n e s s o f Series E-1952 maturing October 1, 952 $ 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 of Customer Address ( Please print or use typewriter) DENOM INATIONS AN D S E R IA L NUMBERS OP C E R T IF IC A T E S SURRENDERED
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