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F E D E R A L R E S E R V E BAN K O F NEW YORK F isca l A g e n t o f th e U n ite d S tates r Circular No. 4 1 2 6 1 L July 16, 1954 J CASH OFFERING 1 Percent Treasury Certificates o f Indebtedness of Series C-1955 Dated August 2, 1954 Due March 22, 1955 Tax Anticipation Series T o all Banking In stitution s, and Others Concerned, in the Second Federal R eserve D istrict: The following statement was made public today: S ecreta ry H u m p h rey a n n ou n ced to d a y that on W ed n esd ay , J u ly 21, the T rea su ry w ill offer fo r cash su b scrip tion $ 3^2 b illio n o f 1 p ercen t ta x a n ticip a tion certificates o f indebtedness to b e dated A u g u s t 2, 1954, m a tu rin g M a rch 22, 1955, a n d receivable a t p a r p lu s accru ed interest to m a tu rity in p aym en t o f incom e an d profits taxes du e o n M a rch 15, 1955. T he books w ill be op en on ly f o r one day, on J u ly 21. S u bscrip tion s fro m com m ercial banks, w h ich fo r this p u rp ose are defined as banks a cce p tin g dem and deposits, fo r th eir ow n accou nt, w ill be received w ith ou t d ep osit, b u t w ill be restricted in each case to an am ount n ot exceedin g on e-h alf o f th e com bined ca p ita l, su rp lu s a n d u n d iv id e d p rofits o f the su b scrib in g ban k as o f J u n e 30, 1954. A p a ym en t o f 10 p ercen t o f the a m ou n t o f certificates su bscribed fo r , n ot su b ject to w ith d ra w a l u n til a fte r allotm ent, m ust be m ade on a ll oth er su bscription s. T h e new certificates m ay be p a id f o r b y cre d it in T rea su ry T a x an d L oa n A cco u n ts u p to 75 p ercen t o f the am ounts allotted. C om m ercial banks an d oth er lenders are requested to re fra in fro m m aking u n secu red loan s or loans collateralized in w hole o r in p a rt b y the certificates su bscribed fo r , to co v e r the 10 p e rce n t deposits req u ired to be p a id when su bscrip tion s are entered. A certifica tion b y the su b scrib in g bank that n o such loan has been m ade w ill be req u ired on each su b scrip tion en tered b y it fo r a ccou n t o f its custom ers. A certification that the bank has no beneficial in terest in its cu stom ers’ su bscription s, an d that n o cu s tom ers have an y beneficial interest in the b a n k ’s ow n su bscrip tion , w ill also be required. N ear the en d o f J u ly the T rea su ry w ill an nou n ce an exchange offerin g op en to h olders o f the issues o f T rea su ry certificates o f indebtedness m aturing A u g u s t 15 in the am ount o f $2,788 m illio n an d S eptem ber 15 in the am ount o f $4,724 m illion, on w hich it is p la n n ed that the su b scrip tion book s w ill op en ea rly in A u g u st. It is p ro p o se d to offer h olders o f these m a tu rin g securities the choice betw een a on e-year certificate and a secu rity w ith a lon g er m a tu rity, either a lo n g note o r a sh ort bond. The terms of this offering are set forth in Treasury Department Circular No. 946, dated July 21, 1954, a copy of which is printed on the reverse side of this circular. Please note that the Treasury’s circular provides that cash subscriptions from commercial banks for their own account will be restricted in each case to an amount not exceeding one-half of the combined capital, surplus and undivided profits of the subscribing bank as of June 30, 1954. Qualified depositaries making payment by credit to Treasury Tax and Loan Accounts will be limited in such payments to 75 p e r c e n t of the amount of certificates allotted to them for themselves and their customers. Subscriptions will be received by this Bank as fiscal agent of the United States. Subscrip tions should be made on official subscription forms and mailed immediately or, if filed by tele gram or letter, should be confirmed immediately by mail on the forms provided. Subscription books will be open for one day only, Wednesday, July 21,1954; any subscrip tion addressed to a Federal Reserve Bank or Branch or to the Treasury Department and placed in the mail before midnight July 21 will be considered as timely. To assure the timeliness of your subscription, we suggest you file it without delay. A llan S proul, President. ( over) UNITED STATES OF AMERICA 1 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1955 TA X ANTICIPATION SERIES Dated and bearing interest from August 2, 1954 1954 D epartm en t Circular N o . 0 4 6 Due M arch 22, 1955 TREASU RY DEPARTM ENT, O f f ic e F isca l Service Bureau o f the Public D ebt I. O FFERIN G O F C E R T IFICATES 1. The S ecre ta ry o f the T reasu ry, p u rsu an t to the au th ority o f the S econ d L ib e rty B o n d A c t, as am ended, in vites su b scrip tion s fr o m the p eop le o f the U n ited States fo r T a x A n ticip a tio n Certificates o f Indebtedness o f the U n ited States, designated 1 p ercen t T rea su ry C ertificates o f Indebtedness o f S eries C-1955. T he am ount o f the offe rin g is $3,500,000,000, o r thereabouts. T he books w ill be op en only on July 21 fo r the receip t o f subscriptions. II. D E SC R IP TIO N O F CERT IFIC A T E S 1. T he certificates w ill be dated A u g u st 2, 1954, an d w ill bear in terest fro m that date at the rate o f 1 p ercen t p e r annum , payable w ith the p rin cip a l at m a tu rity on M arch 22, 1955. T h ey w ill n ot be su b ject to ca ll f o r red em p tion p r io r to m aturity. 2. T he in com e d e riv ed fr o m the certificates shall be su b ject to all taxes, n ow o r h erea fter im posed u n d er the In tern a l R even u e C ode, o r law s am enda to ry or su p p lem en ta ry thereto. The certificates shall be su b ject to estate, inheritance, g ift or other excise taxes, w hether F e d e ra l o r State, b u t shall be exem p t fr o m a ll taxation n ow o r h ereafter im posed on the p r in cip a l or interest th e re o f b y a n y State, or any o f the possessions o f the U n ited States, or b y an y loca l ta x in g a u th ority. 3. T he certificates w ill be acceptable to secure deposits o f p u b lic m oneys. T h ey w ill be accepted at p a r p lu s a ccru e d in terest to m a tu rity in p aym en t o f in com e an d p rofits taxes d u e on M arch 15, 1955. 4. B ea rer certificates w ith one interest cou p on attached w ill be issued in denom inations o f $ 1 ,000 , $5,000, $10,000, $100,000 an d $1,000,000. The ce r tificates w ill n ot be issued in registered form . 5. T he certificates w ill be s u b je ct to the general regu lations o f the T rea su ry D epartm en t, n ow or h ereafter prescrib ed , g o v e rn in g U n ited States certificates. III. SU B SC R IPT IO N A N D A LL O TM E N T 1. S u b scrip tion s w ill be received at the F ederal R eserve B anks an d B ranch es an d at the Office o f the T reasu rer o f the U n ited States, W ash in gton . C om m ercial banks, w h ich fo r this p u rp ose are d e fined as banks a cce p tin g dem and deposits, m ay su bm it su bscrip tion s f o r a ccou n t o f custom ers, but on ly the F ed era l R eserve B anks an d the T reasu ry D epartm en t are a u th orized to act as official agencies. O thers than com m ercial banks w ill n o t be perm itted to enter su bscrip tion s e x ce p t fo r their ow n account. S u bscrip tion s fr o m com m ercial banks fo r th eir ow n accou n t w ill be receiv ed w ith ou t deposit, b u t w ill of the Secretary, W ashington, July 21,1954. be restricted in each case to an am ou n t n ot exceed in g on e-h alf o f the com bined ca p ita l, su rp lu s and u n d iv id ed profits, o f the su b scrib in g bank, as o f J u n e 30, 1954. S u b scrip tion s fr o m a ll others must be accom p an ied b y p a ym en t o f 10 p e rce n t o f the am ount o f certificates a p p lie d fo r , n ot s u b je ct to w ithdraw al u n til a fte r allotm ent. F o llo w in g allot m ent, any p o rtio n o f the 10 p e rce n t p a ym en t in excess o f 10 p e rce n t o f the a m ou n t o f certificates allotted m ay be released u p o n the request o f the subscribers. 2. The S ecreta ry o f the T rea su ry reserves the rig h t to re je ct o r red u ce a n y su b scrip tion , an d to allot less than the am ou n t o f certificates ap p lied f o r ; an d a n y a ction he m ay take in these respects shall be final. A llo tm e n t n otices w ill be sent out p ro m p tly u p on allotm ent, IV . PAYM ENT 1. P a y m en t at p a r an d accru ed interest, i f any, fo r certificates allotted h ereu n d er m u st be m ade or com p leted on o r b efore A u g u s t 2, 1954, or on later allotm en t. I n e v e ry case w h ere p a y m en t is n ot so com pleted, the p a ym en t w ith a p p lica tio n u p to 10 p ercen t o f the am ount o f certificates allotted shall, u p on d ecla ra tion m ade b y the S ecreta ry o f the T rea su ry in his d iscretion , be fo r fe ite d to the U nited States. A n y qu alified d ep osita ry w ill be perm itted to m ake p aym en t b y c re d it f o r n ot m ore than 75 p ercen t o f the am ount o f certificates allotted to it f o r itse lf a n d its custom ers (u p to the am ount fo r w hich it shall be qu alified in excess o f existin g d e p osits) w hen so notified b y the F e d e ra l R eserve B ank o f its D istrict. V. G E N E R A L PR O V ISIO N S 1. A s fiscal agents o f the U n ited States, F ed eral R eserve B anks are a u th orized an d requested to re ceive su bscription s, to make allotm ents o n the basis an d u p to the am ounts in d ica ted b y the S ecretary o f the T re a su ry to th e F e d e ra l R eserve B anks o f the respective D istricts, to issue allotm en t notices, to receive p a ym en t fo r certificates allotted, to make d eliv ery o f certificates o n fu ll-p a id su bscrip tion s allotted, and th ey m ay issue in terim receip ts p en d in g d e liv e ry o f the definitive certificates. 2. T he S ecreta ry o f the T rea su ry m ay at any tim e, or fr o m tim e to tim e, p rescrib e supplem ental or a m en datory rules a n d regu lations g ov e rn in g the offering, w hich w ill be com m un icated p r o m p tly to the F e d era l R eserve Banks. G. M. HUMPHREY, Secretary o f the Treasury. (This form to be used for all subscriptions) CS-7-54 Subscription Number CASH SUBSCRIPTION For United States of America 1 Percent Treasury Certificates of Indebtedness of Series C-1955, Tax Anticipation Series, dated August 2, 1954, due March 22, 1955 Subscription books will be open only on July 21 for the receipt o f subscriptions. Important 1. S u bscrip tion s fr o m com m ercial banks fo r th eir ow n a ccou n t w ill be received w ith ou t d e p o s it; su bscription s fro m all others m ust be accom p an ied b y p aym en t o f 10 p e rce n t o f the am ount o f certificates a p p lie d fo r . 2. C om m ercial banks su b scrib in g fo r a ccou n t o f custom ers sh ou ld h old the 10 p ercen t d ep osits p a id to them b y their cu stom ers (see certification b e lo w ). 3. A m ou n t o f certificates a p p lied fo r m ust be in m u ltip les o f $1,000. F ~ ederal R eserve B a n k of New Y D ated at. ork, F isca l A g e n t o f the U n ited States, F ed era l R eserve P . O . Station, N ew Y o r k 45, N. Y . Q A tte n tio n : .1954 S ecu rities D ep a rtm en t— 9th F lo o r 1 /£ A R o IR S • P u rsu a n t to the p rovision s o f T reasu ry D ep a rtm en t C ircu la r N o. 946, dated J u ly 21, 1954, the u n d ersig n ed hereby subscribes fo r U n ited States o f A m erica 1 p e rce n t T rea su ry C ertificates o f In debtedn ess o f Series C-1955, as fo llo w s : F o r ow n a c c o u n t ....................................................................................................................................................... $ ..................................... F o r o u r custom ers, sh ow n on reverse side ( f o r use o f com m ercial ban ks) .............................. $ ..................................... T ota l s u b scrip tio n ....................................................................... $ ..................................... P aym en t fo r these securities w ill be m ade on or b e fo re A u g u st 2, 1954, as fo llo w s : B y c a s h ............................................................................................................................................................................................................ B y c h e c k ......................................................................................................................................... .•............................................................. □ □ B y ch arge to o u r reserve a cco u n t........................................................................................................................................................ □ B y cred it to T reasu ry T a x and L oan A cco u n t (because paym en t by this m ethod cannot exceed 75 percen t o f am ount allotted, please also indicate how balance o f 25 p ercen t w ill be p a i d ) ............................................................ □ ( I f a commercial bank is subscribing for its own account or for account of customers, the following certification is made a part of this subscription) W e H e r e b y C e r t i f y that w e have received a p p lica tion s fr o m o u r custom ers in the am ounts set op p osite the cu stom ers’ names o n the list (o n the reverse side h e re o f) w h ich is m ade a p a rt o f th is s u b scrip tio n ; th at there has been p a id to us b y each such custom er, n ot su b ject to w ith d ra w a l u n til a fte r allotm ent, 10 p ercen t o f the am ount a p p lied f o r ; that we have n ot m ade unsecured loans, o r loans collateralized in w hole o r in p a rt b y the securities a p p lied fo r , to su p p ly the am ounts o f su ch paym en ts to a n y o f such cu stom ers; that we have n o beneficial interest in th e a pplication s o f such custom ers, and th at none o f o u r custom ers has any beneficial interest in the am ount su bscribed f o r o u r ow n account. W e F u r t h e r C e r t i f y that the su bscription fo r ou r ow n accou n t does n ot exceed on e-h alf o f ou r com bined capital, su rplu s and u n d iv id e d p rofits as shown in o u r ca ll re p o rt o f J u n e 30, 1954. TO S U B S C R IB E R : (Fill in all required spaces before signing) M a rk ( X ) in p ro p e r space to in dicate i f this i s : O rigin al s u b s c r ip t i o n ....................... C onfirm ation o f a te le g ra m ............ □ C onfirm ation o f a le t t e r .................. (Name of subscriber— Please print or typewrite) □ □ B y. ••••;••................................. > ........... (Official signature) (Title) A dd ress (Spaces below are for the use o f the Federal Reserve Bank) T T & L ............ $_ B lo tte r............... R /A $_ E x a m in e d ......... C ....................... $_ A ck n ow led g ed . ................ D ....................... $_ C a rd ed ............... ALLOTM ENT Figured Checked Advised ( F o r use o f com m ercial ban k subscribers o n ly ) List o f customers included in this subscription ( P le a s e p r i n t o r t y p e w r i t e ) Leave blank Name of Customer Address Amount Subscribed Leave blank FEDERAL RESERVE BANK 8 E C -A T S -I .B-S A D V IC E T O S U B S C R I B E R To secur.t.esdepartment Subscription No. Date r n L _j Y o u r cash su bscrip tion fo r $ United States o f America 1 Percent Treasury Certificates o f Indebtedness o f Series C -1955, Tax Anticipation Series, Dated August 2, 1954, Due March 22, 1955 has been receiv ed b y this B ank, as fiscal agent o f the U nited States, and, pursuant to T reasu ry D epartm en t C ircu la r N o. 946, w hich offers the above-m entioned ob ligation s o f the U n ited States, allotm ent notices w ill be sent out p rom p tly u p on allotm ent and allotm ents w ill be m ade on the basis and u p to the am ounts in dicated by the S ecreta ry o f the T reasu ry to this Bank. F ederal R eserve B a n k of New Y ork, F isca l A g e n t o f the U n ited States. C hecked by. « g $ * ‘ f b M a & l- r e s e r v e b a n k ji-JL. V NEWYORK To 8 E C - A T 8 —2 . B - S S E C U R IT IE S D E P A R TM E N T CARD RECORD Subscription No. Date Cash su bscrip tion received fro m above su bscriber fo r United States o f Am erica 1 Percent Treasury Certificates o f Indebtedness o f Series C -1 9 5 5 , T a x Anticipation Series, Dated August 2 , 1 9 5 4 , Due March 2 2 , 1 9 5 5 et W Ia l r e s e r v e b a n k £> F N E W Y O R K S E C -A T S -3 .B -S S E C U R IT IE S D E P A R TM E N T S E C U R IT Y FILES C DPY To Subscription No. Date \ Cash su b scrip tion received fro m above su bscriber fo r $ United States o f Am erica 1 Percent Treasury Certificat* o f Indebtedness o f Series C -1 9 5 5 , T ax Anticipation Series, Dated August 2 , 1 9 5 4 , Due March 2 2 , 1 9 5 5 FED ER A L RESERVE BANK OF NEW YORK Subscription Num ber NOTICE OF ALLOTMENT For United States of America 1 Percent Treasury Certificates of Indebtedness of Series C-1955 Tax Anticipation Series 1 To Subscriber: n L _J O n y o u r su bscrip tion , n u m bered as above, fo r $ (p a r am ou n t) o f— U N IT E D S T A T E S O F A M E R IC A 1 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F S E R IE S C -1 9 5 5 , T A X A N T IC IP A T I O N S E R IE S , D A T E D A U G U S T 2 , 1 9 5 4 , D U E M A R C H 2 2 , 1 9 5 5 w h ich y o u filed p u rsu a n t to the provision s o f T re a su ry D ep a rtm en t C ircu la r N o. 946, dated J u ly 21, 1954, the S ecretary o f the T reasu ry has allotted certificates to y o u in the am ount o f— $ Important 1. T o exp ed ite d eliv ery o f the securities allotted to y o u and to fa cilita te p ro m p t com p letion o f this tran saction, please fill in, sig n a n d retu rn im m e d ia te ly th e a tta c h e d L etter o f In structions to th e F e d e r a l R eserv e B a n k o f N e w Y o r k , F iscal A g e n t o f th e U n ited S ta tes, N e w Y o r k 4 5 , N . Y . Paym ent 2. I f p aym en t fo r securities allotted is m ade on or b e fo re A u g u st 2, 1954, p a ym en t m ust be m ade at p a r ; i f m ade a fter A u g u st 2, 1954, p aym en t m ust be m ade at p a r p lu s accru ed interest. P aym en t m ay be m ade b y check, cash, charge, or cred it as fo llo w s : B y Check — The check should be made payable to the order o f the F E D E R A L R ESER VE B A N K O F N E W Y O R K , FISC A L A G E N T OF T H E U N IT E D STATES. The securities w ill n ot be delivered b y this Bank until the proceeds o f a check have been collected. The proceeds o f a check drawn on the Federal Reserve Bank o f New Y ork are im m ediately available. B y Cash —-Payment may be made in cash. B y Charge— A member bank m ay make payment b y requesting us to charge its reserve account, or a nonmember clearing bank m ay make paym ent b y requesting us to charge its clearing account. B y Credit— ( a ) I f subscriber is a depositary o f pu blic moneys qualified under the provisions o f Treasury D epartment Circular N o. 92 (R e v is e d ), it w ill be perm itted to make paym ent b y credit in the Treasury Tax and Loan A ccou nt fo r n ot more than 75 p ercen t o f the securities allotted to it f o r its own account and fo r its customers (u p to any amount fo r which it shall be qualified in excess o f pointing dep osits). ( b ) Securities o f this issue allotted to a qualified depositary fo r its own account m ay be pledged with the Federal Reserve B ank o f N ew Y o rk as collateral security f o r deposits in the Treasury T a x and L oan Account. D elivery 3. (a ) D eliv ery o f the securities allotted w ill be m ade b y the F e d era l R eserve B ank o f N ew Y o r k at its H e a d Office in N ew Y o r k C ity, and w ill not be m ade b efore A u g u s t 2, 1954. ( b ) The securities w ill be delivered ov er the cou n ter to a representative o f the subscriber, p ro v id e d the representa tive presen ts a letter o f a u th ority id e n tify in g him an d sig n ed officially b y the subscriber. S afekeeping 4. S ecu rities a llotted to m em ber banks fo r th eir ow n a ccou n t m ay be le ft w ith this B ank f o r sa fek eepin g p u rsu an t to the term s o f o u r O p eratin g C ircu la r N o. 14. F C hecked by nabs R eser v e B a n k o p N e w Y F isca l A gen t o f the United States. ederal ork, (This letter of instructions, accompanied by attached duplicate copy, should be filled in and returned to Federal Reserve Bank of New York) Subscription Number LETTER OF INSTRUCTIONS T o F e d e r a l R eserve B a n k o f N ew Y o rk , F iscal A gen t o f the U nited States, F ederal Reserve P. 0 . Station, New Y ork 45, N. Y . A tte n tio n : 2 Governm ent B ond Departm ent— 2nd F loor F rom ( Name and address o f Subscriber) Dated a t ............................................. .1954 On our subscription, num bered as above, fo r $ (p a r am ount) o f— U N IT E D S T A T E S O F A M E R IC A 1 PE R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D EBTED N ESS O F SERIES C -1955, T A X A N T IC IP A T IO N SERIE S, D A T E D A U G U S T 2, 1954, D U E M A R C H 22, 1955 which we filed pursuant to the provisions o f Treasury D epartm ent C ircular No. 946, dated J u ly 21, 1954, we have received you r notice o f allotment stating that the Secretary o f the Treasury has allotted certificates to us in the amount o f— A s requested, P aym ent □ By □ By □ we send you the follow in g in stru ction s: fo r the securities allotted w ill be made— charge to ou r reserve account, which you are authorized to make check □ B y cash B y credit to Treasury T ax and Loan A ccou n t on our books as indicated on the attached Certificate o f Deposit which we have officially executed. (Because paym ent by this method cannot exceed 75 percent o f amount allotted, please also indicate how 25 percent balance w ill be paid.) Denominations desired sees Denomi nation $ Dispose o f securities issued, as fo llo w s : □ □ □ □ □ (Leave this space blank) Face amount 1,000 5,000 1 . D eliver over the counter to the undersigned 2 . H o ld in safekeeping (fo r member bank only) 3. H old as collateral fo r Treasury T ax and Loan A ccoun t 4. Ship to the undersigned 5. Special instructions: 10,000 100,000 T h e u ndersigned ( i f a bank or trust com p a n y ) h ereby certifies that the securities to b e disp osed o f as in d ica ted in item 2 or 3 a b ov e are the sole p rop erty o f the undersigned. 1 ,000,000 (I M P O R T A N T : b e a cce p te d .) TOTAL This letter o f instructions must be signed officially in the space provided and re turned immediately to Submitted by Federal Reserve Bank o f New York, Address ......... N o ch anges in d elivery instructions w ill (Please print) By................. (Official signature required) (Title) Fiscal Agent of the United States. (S p a c e s b e lo w are f o r th e use o f F ed eral R eserve Bank o f N ew Y o r k ) Government Bond Department Security Custody Department Safekeeping Department Payment received sign ed : Counted Checked . Checked Delivered Deliver against payment of $ ..................................... sign ed: DELIVERY RECEIPT Received from Federal Reserve Bank of New York, Fiscal Agent of the United States, the above described securities allotted in the amount indicated above. Date. Subscriber. By. JV* If payment is to be made by credit to Treasury Tax and Loan Account, the following Certificate o f Deposit should be officially executed. FE D E R A L RE SERVE B A N K OF NEW YORK GOVERNMENT BO N D DEPARTMENT _ (T h is ce rtifica te m ust be e x ecu ted w hen su b scrib er is m aking paym ent through T reasu ry T a x and Loan A c c o u n t ; paym ent through "that A c c o u n t m ay n o t e x ce e d 75 p ercen t o f am ou nt o f certificates a llo tte d .) Certificate of Deposit in Treasury Tax and Loan Account The undersigned depositary certifies that it w ill deposit on A ugu st 2, 1954, to the credit o f F ederal Reserve B ank o f N ew Y ork , F isca l A gen t o f the U nited States, in the Treasury T a x and Loan A ccou n t, to be held su b ject to w ithdraw al on dem and the above sum in paym ent of $ (p a r value) 1 percent Treasury Certificates o f Indebtedness o f Series C-1955, T ax A n ticipation Series, dated A u gu st 2, 1954, due M arch 22, 1955, allotted as per Notice o f A llotm ent received from you. http://fraser.stlouisfed.org/ Dated Federal Reserve Bank of St. Louis (Name of depositary) B y .................................................................................... . (Official signature required) Address .............................. (Title) ............................................................................................................. Subscription N um ber (D U P L I C A T E F O R U S E 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 ) LE T T E R OF INSTRUCTIONS T o F ederal R eserve B a n k o f N e w Y F isca l A g e n t o f the U n ited States, F ed era l R eserve P . 0 . Station, N ew Y o r k 45, N. Y . 3 ork, A tte n tio n : G overn m en t B o n d D ep a rtm en t— 2 n d F lo o r F r o m (Name and address o f Subscriber ) D a ted a t ................... ......................................... ............................................................... 1954 O n ou r su bscription , num bered as above, fo r $ (p a r am ou n t) o f— U N IT E D S T A T E S O F A M E R IC A 1 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F S E R IE S C -1 9 5 5 , T A X A N T IC IP A T IO N S E R IE S , D A T E D A U G U S T 2, 1 9 5 4 , D U E M A R C H 2 2 , 1 9 5 5 w h ich we filed pursuant to the provisions o f T rea su ry D ep a rtm en t C ircu la r No. 946, dated J u ly 21. 1954, we have received y o u r notice o f allotm ent stating that the S ecretary o f the T rea su ry has allotted certificates to us in the am ount o f— A s requested, we send y o u the fo llo w in g in stru ctio n s: P aym en t fo r the securities allotted w ill be m ade— □ B y charge to ou r reserve account, w h ich y o u are authorized to make □ □ B y ch eck □ B y cash B y cred it to T reasu ry T a x and L oa n A c c o u n t o n ou r books as in d icated on the attached C ertificate o f D eposit w hich w e have officially executed. (B ecause p a y m en t b y this m ethod cannot exceed 75 percen t o f am ount allotted, please also indicate how 25 p ercen t b alan ce w ill be p a id .) Denom inations desired :ces Denomi nation $ Face amount D ispose o f securities issued, as fo llo w s : (Leave this space blank) 1,000 5,000 □ 1. D eliv er over the cou n ter to the undersigned □ 2. H o ld in safek eepin g ( f o r m em ber bank o n ly ) □ 3. H o ld as colla tera l fo r T reasu ry T a x and L oan A c c o u n t □ □ 4. 5. Ship to the undersigned S pecial in stru ction s: 10,000 100,000 T h e u n d e r sig n e d ( i f a b a n k o r tru st c o m p a n y ) h e r e b y certifies th a t the s e cu r itie s to b e d is p o se d o f as in d ic a te d in item 2 o r 3 a b o v e a re the so le p r o p e r ty o f the u n d e rsig n e d . 1,000,000 TOTAL (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 t e d .) This letter o f instructions must be signed officially in the space provided and re turned immediately to Submitted by (Please print) B y ..................... (Official signature required) (Title) Address ......... Federal Reserve Bank o f New Y ork, Fiscal A gen t o f the United States. ( S p a c e s b e lo w a re f o r th e u se o f F e d e ra l R e s e r v e B a n k o f N ew Y o r k ) Government Bond Department Security Custody Department Safekeeping Department Paym ent received sig n e d : Counted .......................................................................... D eliver against payment o f $ ...................................... sign ed : D E L IV E R Y R E C E IP T Received from Federal Reserve Bank o f New Y ork, F iscal Agent o f the United States, the above described securities allotted in the amount indicated above. Digitized Subscriber Date for FRASER ALLOTMENT NOTICE FOR GOVERNMENT BOND DEPARTMENT 4 To Subscriber: O il y o u r su bscrip tion , num bered as above, fo r $ (p a r am ou n t) o f— U N IT E D S T A T E S O F A M E R IC A 1 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F S E R IE S C -1 9 5 5 , T A X A N T IC IP A T I O N S E R IE S , D A T E D A U G U S T 2 , 1 9 5 4 , D U E M A R C H 2 2 , 1 9 5 5 w h ich y o u filed pu rsuan t to the provision s o f T rea su ry D ep a rtm en t C ircu la r No. 946, dated J u ly 21, 1954, the S ecreta ry o f the T reasu ry has allotted certificates to y o u in the am ount o f — $ Date Treas. T ax & Loan Acc. Charge Cash Delivery teller Gov. Deposit Ship Allotm ent Prem ium a n d /o r interest Disposition Purchase price Deposit Principal due Refund Balance Accrued interest Am ount due Over counter Safekeeping 1 Special delivery instructions ALLOTMENT NOTICE FOR SECURITIES DEPARTMENT 5 To Subscriber: On your subscription, numbered as above, for $ (par amount) of— U N IT E D S T A T E S O F A M E R IC A 1 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F S E R IE S C -1 9 5 5 , T A X A N T I C I P A T I O N S E R IE S , D A T E D A U G U S T 2 , 1 9 5 4 , D U E M A R C H 2 2 , 1 9 5 5 which you filed pursuant to the provisions o f Treasury Department Circular No. 946, dated July 21, 1954, the Secretary of the Treasury has allotted certificates to you in the amount of— ALLOTMENT NOTICE FOR SECURITY FILES 6 To Subscriber: O n y o u r su b scrip tion , num bered as above, fo r $ (p a r am ou n t) o f— U N IT E D S T A T E S O F A M E R IC A 1 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F S E R IE S C -1 9 5 5 , T A X A N T I C I P A T I O N S E R IE S , D A T E D A U G U S T 2 , 1 9 5 4 , D U E M A R C H 2 2 , 1 9 5 5 w h ich y o u filed p u rsu an t to the provision s o f T rea su ry D ep a rtm en t C ircu la r N o. 946, d a ted J u ly 21, 1954, the S ecretary o f the T rea su ry has allotted certificates to y o u in the am ount o f — $ F ederal R eserve B a n k of New Y ork FILLE D A LLO TM EN T D E LIV E R Y TIC K ET 7 To Subscriber: O n y o u r su bscrip tion , num bered as above, fo r $ (p a r am ou n t) o f— U N IT E D S T A T E S O F A M E R IC A 1 P E R C E N T T R E A S U R Y C E R T IF IC A T E S O F IN D E B T E D N E S S O F S E R IE S C -1 9 5 5 , T A X A N T I C I P A T I O N S E R IE S , D A T E D A U G U S T 2 , 1 9 5 4 , D U E M A R C H 2 2 , 1 9 5 5 which you filed pursuant to the provisions of Treasury Department Circular No. 946, dated July 21, 1954, the Secretary of the Treasury has allotted certificates to you in the amount o f—
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