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FED ERAL RE SE R V E BANK OF NEW YORK Fiscal A g en t o f the U nited States N o. 4 0 0 4 CCircular A ugust 5, 1953 1 J O FFE R IN G OF 2 % Percent Treasury Certificates of Indebtedness o f Series D-1954, Dated August 15, 1953 IN E XC H A N G E FO R 2 Percent Treasury Certificates of Indebtedness of Series C-1953, Maturing August 15, 1953 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 H um phrey today announced the details o f Federal Reserve Banks, o f 2 % percent Treasury Certificates o f Indebtedness an exchange basis, par fo r par, to holders o f 2 percent Treasury Certificates C-1953, in the amount o f $2,881,576,000, m aturing A ugust 15, 1953. Cash received. the offering, through the o f Series D-1954, open on o f Indebtedness o f Series subscriptions will n ot be The certificates now offered w ill be dated A ugust 15, 1953, and will bear interest from that date at the rate o f 2 % percent per annum, payable with the principal at m aturity on August 15, 1954. They will be issued in bearer form only, in denominations o f $1,000, $5,000, $10,000, $100,000 and $1,000,000. Subscriptions will be received at the Federal Reserve Banks and Branches and at the Office o f the Treasurer o f the United States, W ashington, and should be accompanied by a like face amount o f the certificates to be exchanged. The fu ll amount o f interest due on the m aturing certificates will be paid to the subscribers follow ing acceptance o f the certificates. The subscription books w ill close fo r the receipt o f all subscriptions at the close o f business Friday, August 7. Subscriptions addressed to a Federal Reserve Bank or Branch, or to the Treasurer o f the United States, and placed in the mail before midnight A ugust 7 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. 927, dated August 5, 1953, a copy o f which is printed on the reverse side o f this circular. The subscription books are now open and subscriptions will be received by this Bank as fiscal agent of the United States. Cash subscriptions ivill not be received. Exchange subscrip tions should be made on official subscription form s and mailed immediately or, if filed by tele gram or letter, should be confirmed immediately by mail on the form s provided. The subscrip tion books will be closed at the close o f business Friday, August 7. A llan S proul, President. ( over) UNITED STATES OF AMERICA 2y 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 IN D E B T E D N E S S O F S E R IE S D-1954 D ated and bearing interest from A u g u st 15, 1953 Department >053 Circular No. ------ D ue A u gu st 15, 1954 TREASURY DEPARTM ENT, 927 O f f ic e of th e S ecretary, W ashington, A u gu st 5, 1953. B ureauoftheP uibiicD ebt I. O F F E R I N G O F C E R T IF IC A T E S 1. The Secretary o f the Treasury, pursuant to the authority o f the Second Liberty B ond A ct, as amended, invites subscriptions, at par, from the people o f the United States for certificates o f indebted ness o f the United States, designated 2 % percent Treasury Certificates o f Indebtedness o f Series D-1954, in exchange fo r 2 percent Treasury Certificates o f Indebtedness o f Series C-1953, m aturing August 15, 1953. The amount o f the offering under this circular will be limited to the amount o f m aturing certificates 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 August 15, 1953, and will bear interest from that date at the rate of 2 % percent per annum, payable with the principal at maturity on August 15,1954. They will not be subject to call fo r redemption p rior 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, 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, o r any o f the possessions o f the United States, or by any local taxing authority. 3. The certificates will be acceptable to secure deposits o f public moneys. They will not be acceptable iu paym ent o f taxes. 4. Bearer certificates will be issued in denominations o f $1,000, $5,000, $10,000, $100,000 $1,000,000. The certificates w ill not be issued in registered form . and 5. The certificates will be subject to the general regulations o f the Treasury Department, now or here after 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 Office o f the Treasurer o f the United States, 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 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 wTill be sent out prom ptly upon allotment. IV . PAYM ENT 1. Payment at par fo r certificates allotted hereunder must be made on or before August 17, 1953, or on later allotment, and may be made on ly in Treasury Certificates o f Indebtedness o f Series C-1953, matur ing A ugust 15, 1953, 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 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 certificates allotted, to make delivery o f certificates on full-paid subscriptions allotted, and they may issue interim receipts pending delivery o f the definitive certificates. 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 will be communicated prom ptly to the Federal Reserve Banks. G. M . H U M PH R E Y , Secretary o f the Treasury. Federal Reserve Bank of New York NON-NEGOTIABLE RECEIPT TO. No. Date. Receipt is acknowledged of— Interest due subscriber S- S....................... par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 (N otc: If the securities you subscribed for arc to be delivered at the Federal Reserve Bank of New York over the counter to your representative, the folloiring authority should be executed.) F ederal R eserve B a n k of N ew Y o r k : tendered in payment of your exchange subscription for a like par amount of You are hereby authorized to deliver to (Name o f representative) 2% % TREAS. CERT. OF IND. SERIES D-1954 whose signature appears below $.................................. par amount of the securities issued in exchange for the securities covered by this receipt. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent o f the United States Government Bond Department Issues and Redemption Section Name. (Please print) (Official signature required) Teller (Signature o f authorized representative) Federal Reserve Rank of New York ACKNOWLEDGMENT OF EXCHANGE SUBSCRIPTION TO. Date. Receipt is acknowledged of your exchange subscription for S.................................................... par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 in exchange for a like par amount of 2% % TREAS. CERT. OF IND. SERIES D-1954 FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Government Bond Department Issues and Redemption Section Teller Interest due subscriber $. SECURITY FILES DUE CUSTOMERS IN Receipt is acknowledged of— $................................................ par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 tendered in payment o f your exchange subscription for a like par amount of 2 % % TREAS. CERT. OF IND. SERIES D-1954 SECURITY FILES DUE CUSTOMERS OUT Receipt is acknowledged of— S.................................................... par amount of 2% TREAS. CERT. OF IND. SERIES C-1953 tendered in payment o f your exchange subscription for a like par amount of 2 % % TREAS. CERT. OF IND. SERIES D-1954 E S -C 1 Subscription Number (S U B M IT W IT H D U P L IC A T E W H IT E C O P Y ) United States o f America 2 percent Treasury Certificates of Indebtedness of Series C -19 5 3, maturing August 15, 1 95 3, must be tendered in payment for this subscription. EXCHANGE SUBSCRIPTION For United States of America 2 % Percent Treasury Certificates of Indebtedness o f Series D-1954, dated August 15, 1953, due August 15, 1954 F ederal R eserve B a n k of N ew Y ork , r)atprI . Fiscal A gen t o f the United States, Federal Reserve P. 0 . Station, .1953 New Y ork 45, N. Y . D ear S m s : Subject to the provisions o f Treasury Department C ircular No. 927, dated A ugust 5, 1953, the undersigned hereby subscribes fo r United States o f A m erica 2 % percent Treasury Certificates o f Indebtedness o f Series D-1954, as fo llo w s : F o r own a c c o u n t ........................................................................................................................................... $................................... F o r our customers (fo r use o f banking institutions) as shown on reverse sid e........................ $................................... Total subscription................................................................ $................................... and tenders in paym ent therefor a like par amount o f United States o f Am erica 2 percent Treasury Certificates o f Indebtedness o f Series C-1953, m aturing August 15, 1953, delivered as follow s: Delivered to you herewith.......................................................................................................................... .... $.................................... T o be withdrawn from securities held by y o u ...................................................................................... .... $.................................... T o be delivered b y ......................................................................................................................................... .... $................................... P a y interest due A ugust 15, 1953, on maturing certificates as fo llo w s : □ B y credit to our reserve account □ B y check C E R T IF IC A T E S S U R R E N D E R E D C E R T IF IC A T E S D E S IR E D (List serial numbers on reverse side) ieces Denomi nation $ Interest due (Leave this space blank) Face amount Denomi nation Pieces 1,000 $ 5,000 Face amount (Leave this space blank) 1,000 5,000 10,000 10,000 100,000 100,000 1,000,000 1,000,000 TOTAL TO TAL Dispose o f securities issued, as follow s: □ 1. D eliver over the counter to the undersigned J 2. H old in safekeeping (fo r member bank only) J 3. H old as collateral fo r Treasury Tax and Loan A ccount fh e u n d e r s ig n e d h e r e b y certifies th a t th e s e cu r itie s t o b e lis p o s e d o f a s in d ic a te d in item 2 o r 3 a b o v e a re the o le p r o p e r t y o f th e u n d e rsig n ed . □ □ 4. Ship to the undersigned 5. Special instructions: ( I M P O R T A N T : N o ch a n g e s in d e liv e r y in stru ction s w ill b e a c c e p te d . A s e p a ra te s u b s crip tio n m u st b e su b m itte d fo r e a ch g r o u p o f s e cu r itie s as to w h ich d iffe r e n t d e liv e r y in stru ction s a re g iv e n .) Submitted by The subscription books will close at the close of business August 7 , 195 3. (Please print) B y ................... (O fficial signature required) (T itle ) A d d re s s................................................................................................... (Spaces below are for the use o f the Federal Reserve Bank o f New Y o rk ) Govern m en t B ond V a u l t R ecord S a f e k e e p in g R ecord Received Counted Received Checked Checked Checked and delivered 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 States obligations in the amount subscribed for. ork the above described United D E N O M IN A T IO N S A N D S E R IA L N U M B E R S O F C E R T IF IC A T E S S U R R E N D E R E D List of customers included in the foregoing subscription (Ltave this space blank) A m ount Subscribed Name o f Custom er (Please print or typewrite) Address ES C 2 P (D U P L IC A T E C O P Y F O R U SE O F 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 ) Subscription Number United States of America 2 percent Treasury Certificates of Indebtedness of Series C -19 5 3, maturing August 15, 1 9 5 3 , must be tendered in payment for this subscription. EXCHANGE SUBSCRIPTION For United States of America 2 % Percent Treasury Certificates of Indebtedness o f Series D-1954, dated August 15, 1953, due August 15, 1954 Dated at Fiscal A gent o f the United States, Federal Reserve P . 0 . Station, .1953 New Y ork 45, N. Y . D e a r Sm s: Subject to the provisions o f Treasury Department Circular No. 927, dated August 5, 1953, the undersigned hereby subscribes for United States o f Am erica 2 % percent Treasury Certificates o f Indebtedness o f Series D-1954, as follow s: F e d e r a l R e se rv e B a n k op N e w Y o r k , F o r own a c c o u n t ........................................................................................................................................... $................................... F o r our customers (fo r use o f banking institutions) as shown on reverse sid e........................ $................................... Total subscription................................................................ $................................... and tenders in payment therefor a like par amount o f United States o f America 2 percent Treasury Certificates of Indebtedness o f Series C-1953, maturing August 15, 1953, delivered as follow s: Delivered to you herew ith.......................................................................................................................... $................................... T o be withdrawn from securities held by y o u ...................................................................................... $................................... To be delivered b y ......................................................................................................................................... Pay interest due August 15, 1953, on maturing certificates as fo llo w s: □ B y credit to our reserve account □ B y check $................................... C E R T IF IC A T E S SU R R E N D E R E D C E R T IF IC A T E S D E S IR E D (List serial numbers on reverse side) eces Denomi nation $ Interest due (Leave this space blank) 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 The u n d e r sig n e d h e re b y certifies that the s e cu r itie s to be lisp osed o f a s in d ica te d in item 2 o r 3 a b o v e are the o le p r o p e r ty o f the u n d ersig n ed . □ □ (Leave this space blank) 1,000 5,000 Dispose o f securities issued, as follows : ] 1. Deliver over the counter to the undersigned J 2. H old in safekeeping (fo r member bank only) 1 3. H old as collateral fo r Treasury Tax and Loan Account Face amount 4. Ship to the undersigned 5. Special instructions: (I M P O R T A N T : N o ch a n g es in d e liv e r y in stru ction s w ill b e a c c e p te d . A se p a ra te su b scrip tio n m ust b e su b m itted f o r ea ch g ro u p o f secu rities as to w h ich d iffe re n t d e liv e r y in stru ction s a re g iv e n .)_______________________________ Submitted by The subscription books will close at the close of business August 7 , 1 95 3. (Please print) By.............. (O fficial signature required) (T itle) A d d re s s................................................................................................... ( S p a ce s b e lo w a re f o r th e u se o f th e F e d e ra l R e s e r v e B ank o f N ew Y o r k ) G o v e r n m e n t B ond V a u l t R ecord S a f e k e e p in g R eco rd Received Counted Received Checked Checked Checked and delivered 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 States obligations in the amount subscribed for. D ate.................. ork the above described United B y ...................................................................................................................................................... D E N O M IN A T IO N S A N D S E R IA L N U M B E R S O F C E R T IF IC A T E S S U R R E N D E R E D List of customers included in the foregoing subscription (Leave this space blank) Am ount Subscribed Name o f Customer (Please print or typewrite) A d dress
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