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FED ERAL RE SER VE BANK
OF NEW YORK
Fiscal A g en t o f the U nited States
r Circular No. 4 5 1 9 1
L October 21, 1957 J
CASH OFFERIN G
4/g Percent Federal National Mortgage Association Notes of Series ML-1958-B
Dated O ctober 29, 1957
D ue Jane 26, 1958
To all Banking In stitution s, and Others Concerned,
in the Second Federal R eserve D istrict:
The subscription books are open today, for one day only, for a cash offering of—
4 % percent Federal National M ortgage Association Notes o f Series ML-1958-B.
The notes will be dated October 29, 1957, and will mature June 26, 1958. Complete terms
of this offering are set forth in Treasury Department Circular No. 997, dated October 21, 1957,
a copy of which is printed on the following pages.
Payment for the notes must be made in immediately available funds on October 29,1957,
and may not be made by credit to Treasury Tax and Loan accounts. However, after having
made payment for the notes, a qualified depositary may, if it desires, credit to Treasury Tax
and Loan account any amount of such payment for which it shall be qualified in excess of
existing deposits; upon receipt of advice of credit to Tax and Loan account, we will pay to
the depositary the amount of the credit.
Subscriptions from commercial banks, for their own account, will be received without
deposit. A commercial bank will be permitted to subscribe for its own account in an amount
not exceeding one-half of its combined capital, surplus and undivided profits. Subscriptions
from all others than commercial banks must be accompanied by payment of 2 percent of the
amount of securities subscribed for.
Subscriptions will be received by this Bank as fiscal agent of the United States. Subscrip
tions should be made on official subscription forms, copies of which are enclosed, and mailed
immediately. I f filed by telegram or letter, the subscriptions should be confirmed immediately
by mail on the forms provided. The subscription books will remain open for on e day, October
21, 1957. Any subscription addressed to a Federal Reserve Bank or Branch or to the Treasury
Department and placed in the mail before midnight, Monday, October 21, will be considered
timely.
A
lfred
H
ayes,
President.
FE D E R A L N A T IO N A L M O RTG AG E ASSO CIATIO N
4% PERCENT NOTES OF SERIES ML-1958-B
Dated and bearing interest from O ctober 29, 1957
Due June 26, 1958
1957
Department Circular No. 997
TREASURY DEPARTM ENT,
O
Fiscal Service
Bureau of the Public Debt
I.
O FFERIN G OF NOTES
1. The Secretary o f the Treasury, on behalf of
the Federal National Mortgage Association, invites
subscriptions, at par and accrued interest, from
the people o f the United States fo r notes o f the
Federal National M ortgage Association, designated
4 % percent notes ol‘ Series ML-1958-B. The
amount o f the offering is $750,000,000, or there
abouts. The books will be open only on O ctober 21,
1957, for the receipt o f subscriptions.
D E SC R IP TIO N O F NOTES
1. The notes w ill be dated October 29, 1957, and
will bear interest from that date at the rate o f
4 % percent per annum, payable on June 26, 1958.
They will mature June 26, 1958, and will not be
subject to call fo r redemption p rior to maturity.
M aturing principal, and interest coupons, will be
payable when due at any Federal Reserve Bank or
Branch, or at the Office o f the Treasurer o f the
United States, W ashington.
2. The notes will be issued under authority con
tained in Section 3 06 (b ) o f the Federal National
M ortgage Association Charter A c t (Title I I I o f the
National H ousing A ct, as am ended), which p ro
vides that obligations, together with the interest
thereon, issued thereunder are not guaranteed by
the United States and do not constitute a debt or
obligation o f the United States or o f any agency
or instrumentality thereof other than the Associa
tion.
3. The income derived from the notes does not
have any exemption, as such, under the Internal
Revenue Code o f 1954. The notes are subject to
Federal estate, g ift or other excise taxes. The
Federal National M ortgage Association Charter
A ct does n ot contain any specific exemption witli
respect to taxes now or hereafter imposed on the
principal o f or interest on the notes by any State,
or any o f the possessions o f the United States, or
by any local taxing authority.
4. The notes shall be law ful investments, and
may be accepted as security fo r all fiduciary, trust,
and public funds, the investment or deposit of
which shall be under the authority and control o f
the United States or any officer or officers thereof.
The notes also shall be eligible as investment securi
ties for national banking associations.
of
th e
S
ecretary,
5. Bearer notes with interest coupons attached
will be issued in denominations o f $1,000, $5,000,
$10,000, $100,000 and $1,000,000. The notes will
not be issued in registered form .
6 . Transactions in the notes will be subject, so
far as applicable, to the regulations and procedures
now or hereafter prescribed by the Treasury fo r the
conduct o f similar transactions involving market
able United States securities.
III.
IL
f f ic e
W ashington, O ctober 21, 1957.
SU B SC R IPT IO N A N D A L L O TM E N T
1. Subscriptions will be received at the Federal
Reserve Banks and Branches and at the Office of
the Treasurer o f the United States, W ashington.
Commercial banks, which fo r this purpose are de
fined as banks accepting demand deposits, 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.
Others than commercial banks will not be per
mitted to enter subscriptions except fo r their own
account. Subscriptions from commercial banks for
their own account will be received without deposit,
but will be restricted in each case to an amount not
exceeding one-half o f the combined capital, surplus
and undivided profits o f the subscribing bank. Sub
scriptions from all others must be accompanied by
payment o f 2 percent o f the amount o f notes
applied for, not subject to withdrawal until after
allotment. F ollow ing allotment, any portion o f the
2 percent paym ent in excess o f 2 percent o f the
amount o f notes allotted may be released upon the
request o f the subscribers.
2. The Secretary o f the Treasury reserves the
right to reject or reduce any subscription, and to
allot less than the amount o f notes applied f o r ;
and any action he may take in these respects shall
be final. A llotm ent notices will be sent out prom ptly
upon allotment.
IV .
PA Y M E N T
1.
Payment at par and accrued interest, if any,
fo r notes allotted hereunder must be made or com
pleted on or before October 29, 1957, or on later
allotment. In every case where paym ent is not so
completed, the payment with application up to
2 percent o f the amount o f notes allotted shall,
upon declaration made by the Secretary o f the
Treasury in his discretion, be forfeited.
2.
Under arrangements made between the F ed Banks or remitted to or fo r the accounts o f the
subscribing banks, as the latter may direct.
eral National Mortgage Association and the Treas
ury Department, the Treasury w ill deposit on
V . G E N E R A L PR O V ISIO N S
October 29, 1957, with subscribing banks which
1. A s fiscal agents o f the United States, Federal
have qualified to maintain Treasury tax and loan
Reserve Banks are authorized and requested to
accounts, amounts equal to the notes allotted to
receive subscriptions, to make allotments on the
such banks fo r themselves and their customers, but
basis and up to the amounts indicated by the
not in excess o f any amounts fo r which they may
Secretary o f the Treasury to the Federal Reserve
be qualified in excess o f existing deposits. Banks
Banks o f the respective Districts, to issue allotment
desiring to avail themselves o f such deposits should
notices, to receive paym ent fo r notes allotted, to
make delivery o f notes on full-paid subscriptions
remit payment for the fu ll amount o f notes allotted
allotted, and they may issue interim receipts pend
to them by charges to reserve accounts or by drafts
ing delivery o f the definitive notes.
payable in funds immediately available on or before
October 29, 1957. They should also credit on
2. Further inform ation with respect to the or
October 29, 1957, to the Treasury tax and loan
ganization o f the Federal National M ortgage Asso
accounts on their books any amount fo r which
ciation, its financial position, and the notes to be
issued hereunder, may be obtained upon applica
they desire such credit up to the amounts o f their
tion to any Federal Reserve Bank, or to the
payments for notes allotted. The Treasury has
principal office o f the Association in W ashing
authorized Federal Reserve Banks, as fiscal agents
ton, D. C.
o f the United States, to pay from other funds in
the account o f the Treasurer o f the United States
3. The Secretary o f the Treasury may at any
amounts equivalent to such credits to the respective
time, or from time to time, prescribe supplemental
or amendatory rules and regulations governing the
subscribing banks fo r deposit in their Treasury tax
offering, which will be communicated prom ptly to
and loan accounts. Such payments w ill be credited
the Federal Reserve Banks.
to accounts on the books o f the Federal Reserve
R O B E R T B. ANDERSON,
Secretary o f the Treasury.
Subscription Number
CASH SUBSCRIPTION
For Federal National Mortgage Association 4% Percent Notes of Series ML-1958-B
Dated and bearing interest from October 29, 1957, Due June 26, 1958
Subscription books will be open only on October 21
for the receipt of cash subscriptions.
Important
1. Subscriptions from commercial banks for their own account will be received without deposit; subscriptions from
all others must be accompanied by paym ent o f 2 percent o f the amount o f notes applied for.
2. Commercial banks subscribing fo r account o f customers should hold the 2 percent deposits paid to them by their
customers (see certification below ).
3. Am ounts o f notes applied fo r must be in multiples o f $1,000.
F
ederal
R eserve B
ank
of
New Y
Dated at
ork,
Fiscal A gen t o f the United States,
Federal Reserve P . O. Station,
New Y ork 45, N. Y .
.1957
A tten tion : Securities Department— 9th F loor
D e a r S ir s
Pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the undersigned hereby
subscribes fo r Federal National Mortgage Association 4 % percent Notes o f Series ML-1958-B, as follow s:
F o r own a c c o u n t .............................................................................................................
F o r our customers, shown on reverse side (fo r use o f commercial banks)
Total subscription................................................................
$............................
Paym ent fo r these securities will be made on or before October 29, 1957, as follow s:
By c a s h ........................... ' . . .
□
By c h e c k ................................... □
B y c h a r g e t o o u r r e s e r v e a c c o u n t ................................................ □
and on October 29, 1957, the undersigned (fo r qualified depositary banks on ly) ^
nQt credit the Treasury Tax and
Loan A ccou nt on its books a sum not in excess o f the total amount o f notes allotted to it, and not in excess o f any amount
for which it shall be qualified in excess o f existing deposits (see Treasury Department Circular No. 997, paragraph 2 under
‘ I V P aym ent” ).
' I f a com m ercial bank is subscribing f o r its own account or fo r account o f customers, the follow in g certification is made a part o f this subscription)
W e H e r e b y C e r t i f y t h a t w e h a v e r e c e i v e d a p p l i c a t i o n s f r o m o u r c u s t o m e r s i n th e a m o u n t s s e t o p p o s i t e t h e c u s t o m e r s ’
la m e s o n t h e lis t ( o n t h e r e v e r s e s id e h e r e o f ) w h i c h is m a d e a p a r t o f t h is s u b s c r i p t i o n ; t h a t t h e r e h a s b e e n p a i d t o u s
) y e a c h s u c h c u s t o m e r , n o t s u b j e c t t o w it h d r a w a l u n t i l a f t e r a llo t m e n t , 2 p e r c e n t o f th e a m o u n t a p p l i e d f o r ; t h a t w e h a v e
lo t m a d e u n s e c u r e d lo a n s , o r lo a n s c o lla t e r a liz e d i n w h o le o r i n p a r t b y t h e s e c u r it ie s a p p l i e d f o r , t o s u p p l y t h e a m o u n t s
)f s u c h p a y m e n t s t o a n y o f s u c h c u s t o m e r s ; t h a t w e h a v e n o b e n e f ic ia l in t e r e s t i n t h e a p p l i c a t i o n s o f s u c h c u s t o m e r s , a n d
h a t n o n e o f o u r c u s t o m e r s h a s a n y b e n e f ic ia l in t e r e s t in t h e a m o u n t s u b s c r i b e d f o r o u r o w n a c c o u n t .
W e F u r t h e r C e r t i f y t h a t th e s u b s c r i p t i o n f o r o u r o w n
iu r p lu s a n d u n d i v i d e d p r o fit s .
"O S U B S C R IB E R :
a c c o u n t d o e s n o t e x c e e d o n e - h a l f o f o u r c o m b i n e d c a p it a l,
(F ill in all required spaces before sign ing)
Mark ( X ) in proper space
to indicate if this is:
)riginal subscription ...................
confirmation o f a telegram ........... □
Confirmation o f a letter.................
(Name of subscriber— Please print or typewrite)
□
□
B y.
(Official signature)
(Title)
Address
(Spaces below are for the use of the Federal Reserve Bank)
B lotter................................
A LL O TM E N T
DEPO SIT
Exam ined..........................
$
Acknowledged..................
$
Figured
Carded................................
Checked
A dvised
(F o r use o f commercial bank subscribers only)
List of customers included in this subscription
( P le a s e p r in t o r ty p e w r ite )
Leave
blank
Name o f Customer
A ddress
*
A m ount Subscribed
Leave blank
4539
F E D E OFLN E W YOREK B A N K
Subscription Number
F is c a l a g e n t o f t h s U n it e d s t a t e s
NOTICE OF ALLOTMENT
i
For Federal National Mortgage Association 4% Percent Notes of Series ML-1958-B
To Subscriber:
L
On your subscription, numbered as above, fo r $
(par amount) of—
FEDERAL N A TIO N A L M O RTG AG E ASSO CIATIO N 4% PERCENT NOTES OF SERIES ML-1958-B
D A T E D OCTOBER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount of—
$
Im portant
1. To expedite delivery o f the securities allotted to you and to facilitate prompt completion o f this transaction, please
fill in, sign and return immediately the attached Letter of Instructions to the Federal Reserve Bank of New
York, Fiscal Agent of the United States, New York 45, N. Y.
P aym ent
2. I f payment for securities allotted is made on or before October 29, 1957, payment must be made at par; if made
or not available until after October 29, 1957, payment must be made at par plus accrued interest. Payment may be made
by check, cash, or charge as follow s: (Original payment on this issue cannot be made by Treasury Tax and Loan
account credit)
By
Check — The check should be made payable to the order o f the FEDERAL RESERVE BAN K OF NEW YO R K , FISCAL AGENT OF
TH E UNITED STATES. The securities will not be delivered by 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 York are immediately available.
By Cash — Payment may be made in cash.
B y Charge— A member bank may make payment b y requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.
T reasury T ax and Loan accoun t cred it
^
3. (a) If, as a qualified depositary, you signified in your subscription an election to receive a deposit in Treasury Tax
and Loan account, this Bank, as fiscal agent o f the United States, hereby authorizes you to credit, as of October 29, 1957,
the Treasury Tax and Loan account on your books with a sum up to the amount of notes allotted to you, but not in excess of
any amount for which you shall be qualified in excess o f existing deposits. On October 29, 1957, this Bank will pay you an
amount equivalent to the Tax and Loan credit by crediting your reserve or clearing account on our books or remitting it as
you may direct.
(b ) Securities o f this issue allotted to a qualified depositary for its own account may be pledged with the Federal
Reserve Bank o f New York as collateral security for deposits in Treasury Tax and Loan account.
D eliv ery
4. (a) Delivery of the securities allotted will be made by the Federal Reserve Bank o f New York at its Head Office
in New York City, and will not be made before October 29, 1957.
(b ) The securities will be delivered over the counter to a representative of the subscriber, provided the representa
tive presents a letter o f authority identifying him and signed officially by the subscriber.
S a fek eep in g
5. Securities allotted to member banks for their own account may be left with this Bank for safekeeping pursuant to the
u s o f our Operating Circular No. 14.
F
ederal
R
eserve
B
an k
of
N
e w
Y
Fiscal Agent o f the United States.
Checked by.
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
To F ederal R eserve B ank op N ew Y ork ,
Fiscal Agent o f the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y .
Attention:
2
Government Bond Division— 2nd Floor
Dated a t .......................................................
From (Name and address o f Subscriber)
.................................................................1957
On our subscription, numbered as above, for $
(par amount) of—
FEDERAL N A T IO N A L M O RTG AG E ASSO C IATIO N 4 % PERCENT NOTES OF SERIES M L-1958-B
D A T E D OCTOBER 29, 1957, DUE JUNE 26, 1958
which we filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, we have
received your notice o f allotment stating that the Secretary of the Treasury has allotted notes to us in the amount of—
A s requested, we send you the following instructions:
Payment for the securities allotted will be made—
□ 'By char^o to onr reserve account, which you arc authorized to make
t j 'B y check
and on October 29, 1957, the undersigned (fo r qualified depositary banks only) £j|
□
B y cash
not credit the Treasury Tax and
Loan account on its books a sum not in excess o f the total amount of notes allotted to it, and not in excess of any amount
for which it shall be qualified in excess o f existing deposits (see Treasury Department Circular No. 997, paragraph 2 under
_“ i y Payment” ).
Denominations desired
Dispose o f securities issued, as follow s:
□
Denomi
nation
Face amount
(Leave this space blank)
□
□
1,000
□
□
5,000
1. Deliver over the counter to the undersigned
H old in safekeeping (fo r member bank only)
3. H old as collateral for Treasury Tax and Loan account
4. Ship to the undersigned
5. Special instructions:
2.
10,000
100,000
The undersigned (if a bank or trust company) hereby
certifies that the securities to be disposed of as indicated in
item 2 or 3 above are the sole property of the undersigned.
300,000
(IM P O R T A N T :
be accepted.)
’OTAL
tter of instructions must be signed
ly in the space provided and reimmediately to
sral Reserve Bank of New York,
Fiscal Agent o f the United States.
Submitted by
By
No changes in delivery instructions will
(Please print)
By
.
(Authorized signature(») required)
Title
..........................
Title ......... ..
A d d r e s s ..................................... ..............................................................
(Spaces below are for the use o f Federal Reserve Bank of New York)
Safekeeping Division
Security Custody Department
Government Bond Division
Payment received
Deliver against payment
o f $ .....................................
D E L IV E R Y RE C E IP T
aived from Federal Reserve Bank o f New York, Fiseal Agent o f the United States, the above described securities allotted in the amount
above.
Subscriber.
B y.
Qualified depositary banks desiring to avail themselves of the special Treasury Tax and Loan account privilege
■h*uld execute the following Advice of Credit.
Advice o f Credit to Treasury Tax and Loan Account
(Date)
;ral Reserve Bank o f New York,
'iscal Agent o f the United States.
'he undersigned hereby certifies that it will deposit on October 29, 1957, to the credit o f the Federal Reserve Bank
ew York, Fiscal Agent o f the United States, in the Treasury Tax and Loan Account, to be held subject to withdrawal
[emand, the sum o f $
, pursuant to the provisions o f Treasury Department Circular No. 997,
October 21, 1957, and in accordance with authorization received from you, as Fiscal Agent o f the United States.
Vi request payment on October 29, 1957, o f an amount equivalent to the amount credited to the Tax and Loan
nit, as follow s:
□ By check
□ By credit to our reserve account
credit to reserve account o f ...............................................................................................................................................................
(Name of depositary)
By.................
(Official signature required)
Street address
(City, Town or Village, P. O. No., and State)
(Title)
(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
To 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 ,
Fiscal A gent o f the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y .
2
A ttention: Government Bond Division— 2nd Floor
From (Name and address o f Subscriber)
Dated a t .......................................................
.................................................................1957
On our subscription, numbered as above, for $
(par amount) of—
FEDERAL N A TIO N A L M O RTG AG E ASSO C IATIO N 4% PERCENT NOTES OF SERIES ML-1958-B
D A T E D OCTOBER 2 9 , 19 5 7, DUE JUNE 2 6 , 1958
which we filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, we have
received your notice o f allotment stating that the Secretary o f the Treasury has allotted notes to us in the amount of—
$
A s requested, we send you the following instructions:
Payment for the securities allotted will be made—
A B B O T "I ~ffl|(>Hjjyfi|Jr^harge t6 our reserve account, which you are Authorized to make
f ] By check
and on October 29, 1957, the undersigned (fo r qualified depositary banks only) |=|
□
By cash
nQt credit the Treasury Tax and
Loan account on its books a sum not in excess o f the total amount o f notes allotted to it, and not in excess of any amount
fo r which it shall be qualified in excess o f existing deposits (see Treasury Department Circular No. 997, paragraph 2 under
“ IV Paym ent” ).
Denominations desired
Denomi
nation
Pace amount
Dispose o f securities issued, as follow s:
(Leave this space blank)
1,000
5,000
□ 1. Deliver over the counter to the undersigned
□ 2. H old in safekeeping (fo r member bank only)
□ 3. H old as collateral for Treasury Tax and Loan account
□ 4. Ship to the undersigned
□ 5. Special instructions:
10,000
100,000
The undersigned (i f a bank or trust company) hereby
certifies that the securities to be disposed of as indicated in
item 2 or 3 above are the sole property of the undersigned.
1,000,000
(IM P O R T A N T :
be accepted.)
TOTAL
letter of instruction* must be signed
y in the space provided and reimmediately to
eral Reserve Bank of New York,
Fiscal Agent o f the United States.
No changes in delivery instructions will
Submitted b y ........................
(Please print)
By ...................................
By
(Authorized signature(s) required)
Title .........................................
........................
Title . . . ____
A d d r e s s .................................................... .............................................
(Spaces below are for the use o f Federal Reserve Bank of New York)
Safekeeping Division
Security Custody Department
Government Bond Division
Payment received
;■■jt g n e d :________
Couuted
Checked .
Chocked
Delivered
Deliver against payment
of
sign ed:
D E L IV E R Y R E C EIPT
eived from Federal Reserve Bank o f New York, Fiscal Agent o f the United States, the above described securities allotted in the amount
Icated abovo.
Subscriber.
B y.
ualified depositary banks desiring to avail themselves of the special Treasury Tax and Loan account privilege
execute the following Advice of Credit.
Advice of Credit to Treasury Tax and Loan Account
Federal Reserve Bank o f New York,
Fiscal Agent o f the United States.
m-
(Date)
The undersigned hereby certifies that it will deposit on October 29, 1957, to the credit o f the Federal Reserve Bank
o f New York, Fiscal Agent o f the United States, in the Treasury Tax and Loan Account, to be held subject to withdrawal
on demand, the sum o f $
, pursuant to the provisions o f Treasury Department Circular No. 997,
October 21, 1957, and in accordance with authorization received from you, as Fiscal Agent o f the United States.
A
We request payment on October 29, 1957, o f an amount equivalent to the amount credited to the Tax and Loan
□ By credit to our reserve account
unt, as follows:
Q B y check
y credit to reserve account o f -----
(Name of depositary)
By................
(Offioial signature required)
Street address
(City, Town or Village, P. O. No., and State)
(Title)
(D U P L IC A T E FO R USE OF F E D E R A L R E SE R V E B A N K OF N EW Y O R K )
Subscription Number
LETTER OF INSTRUCTIONS
To 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 r k ,
Fiscal Agent o f the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y .
Attention:
3
Government Bond Division— 2nd Floor
From (Name and address o f Subscriber)
Dated a t .......................................................
.................................................................1957
On our subscription, numbered as above, for $
(par amount) of—
FEDERAL N A T IO N A L M O R TG AG E ASSO C IATIO N 4 % PERCENT NOTES OF SERIES ML-1958-B
D A T E D O CTO B ER 29, 1957, DUE JUNE 26, 1958
which we filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, we have
received your notice of allotment stating that the Secretary o f the Treasury has allotted notes to us in the amount of—
$
A s requested, we send you the following instructions:
Payment for the securities allotted will be made—
iaTg*Pt»m r
r r a W M m e d l o make
□
and on October 29, 1957, the undersigned (fo r qualified depositary banks only)
B y check
□ B y cash
no(. credit the Treasury Tax and
Loan account on its books a sum not in excess o f the total amount of notes allotted to it, and not in excess of any amount
for which it shall be qualified in excess o f existing deposits (see Treasury Department Circular No. 997, paragraph 2 under
“ IV Paym ent” ).
Denominations desired
Denomi
nation
Pieces
*
Face amount
Dispose o f securities issued, as follow s :
(Leave this space blank)
1,000
5,000
□ 1. Deliver over the counter to the undersigned
□ 2. H old in safekeeping (fo r member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan account
□ 4. Ship to the undersigned
□ 5. Special instructions:
10,000
100,000
T h e u n dersign ed (if a bank or trust co m p a n y ) h ereb y
certifies that the securities to b e disp osed o f as in d ica ted in
item 2 or 3 a b o v e are the s o le p rop erty o f the u ndersigned.
1,000,000
(IM P O R T A N T s
b e a c c e p te d .)
TOTAL
Thu letter of instructions must be signed
,
i
officially m the space provided and returned immediately to
Federal Reserve Bank of New York,
Fiscal A gent o f the United States.
N o ch anges in d eliv ery instructions w ill
Submitted b y ...................................................................
—
.....
(Please pnnt)
(Authorized signature
Title ............................................................................
(i) required)
Title .............
A d d r e s s ......................................................................................................
(Spaces below are for the use o f Federal Reserve Bank o f New York)
Government Bond Division
Security Custody Department
Safekeeping Division
Payment received
*
signed:
Deliver against payment
o f $ .....................................
signed:
D E L IV E R Y R E C E IP T
Received from Federal Reserve Bank o f New York, Fiscal Agent o f the United States, the above described securities allotted in the amount
indicated above.
Date
Subscriber
ALLOTM ENT NOTICE FOR GOVERNM ENT BOND DIVISION
4
'To Subscriber:
On your subscription, numbered as above, for $
(par amount) o f—
FEDERAL N A TIO N A L M O RTG AG E ASSO CIATIO N 4 % PERCENT NOTES OF SERIES ML-1958-B
D ATED OCTOBER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount of—
$
Date
Treas. Tax A Loan Acc.
Cash
Charge
' ' '
Delivery teller
Allotment
Premium and/or
interest
Disposition
Purchase price
Deposit
Principal dae
Refund
Balance
Accrued interest
Amount dae
Orer counter
Safekeeping
TT&L
8hip
1
1
Special delivery instructions
ALLOTMENT NOTICE FOR SECURITY FILES
5
■To Subscriber:
On your subscription, numbered as above, for $
(par amount) o f—
FEDERAL N A T IO N A L M O RTG AG E A SSO C IA TIO N 4 % PERCENT NOTES OF SERIES M L-1958-B
D A T E D O CTO B ER 29, 1957, DUE JUNE 2 6 , 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount o f—
ALLOTM ENT NOTICE FOR SECURITIES DEPARTMENT
6
To Subscriber:
On your subscription, numbered as above, for $
„
(par amount) of—
FEDERAL N A T IO N A L M O R TG AG E ASSO C IATIO N 4 % PERCENT NOTES OF SERIES ML-1958-B
D A T E D OCTOBER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount of—
4519
a .
F E D E R A L RESER VE BANK
OF N E W YORK
F is ca l a o e n t
or
. ..
K
.
^subscription rsumber
t h e U n ite d s t a t e s
NOTICE OF ALLOTMENT
i
For Federal National Mortgage Association 4% Percent Notes of Series ML-1958-B
To Subscriber:
On your subscription, numbered as above, fo r $
(par amount) of—
FEDERAL N A TIO N A L M O RTG AG E ASSO C IATIO N 4 % PERCENT NOTES OF SERIES ML-1958-B
D A T E D OCTOBER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 907, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount o f—
$
Im portant
^1 .
ro expedite delivery o f the securities allotted to you and to facilitate prompt completion o f this transaction, please
fill in, sign and return immediately the attached Letter o f Instructions to the Federal Reserve Bank o f New
York, Fiscal Agent o f the United States, New York 45, N. Y.
Paym ent
2. It payment for securities allotted is made on or before October 29, 1957, payment must be made at par; if made
or not available until after October 29, 1957, payment must be made at par plus accrued interest. Payment may be made
by check, cash, or charge as follows: (Original payment on this issue cannot be made by Treasury Tax and Loan
account credit)
B y Check — The check should be made payable to the order o f the FEDERAL RESERVE BAN K OF NEW Y O R K , FISCAL AGENT OF
THE UNITED STATES. The securities will not 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 York are immediately available.
B y Cash — Payment may be made in cash.
B y Charge— A member bank may make payment b y requesting us to charge its reserve account, or a nonmember clearing bank may make
payment by requesting us to charge its clearing account.
Treasury T ax and Loan account credit
3. (a) If, as a qualified depositary, you signified in your subscription an election to receive a deposit in Treasury Tax
and Loan account, this Bank, as fiscal agent of the United States, hereby authorizes you to credit, as of October 29, 1957,
the Treasury Tax and Loan account on your books with a sum up to the amount of notes al lotted to you, but not in excess of
any amount for which you shall be qualified in excess o f existing deposits. On October 29, 1957, this Bank will pay you an
amount equivalent to the Tax and Loan credit by crediting your reserve or clearing account on our books or remitting it as
you may direct.
(b ) Securities o f this issue allotted to a qualified depositary for its own account may be pledged with the Federal
Reserve Bank o f New York as collateral security for deposits in Treasury Tax and Loan account.
D elivery
4. (a ) Delivery of the securities allotted will be made by the Federal Reserve Bank o f New York at its Head Office
in New York City, and will not be made before October 29, 1957.
(b)
The securities will be delivered over the counter to a representative o f the subscriber, provided the represent
tive presents a letter of authority identifying him and signed officially by the subscriber.
S a fek eep in g
5. Securities allotted to member banks for their own account may be left with this Bank for safekeeping pursuant to the
erms o f our Operating Circular No. 14.
F
ederal
R
eserve
B
an k
op
N
e w
Y
Fiscal Agent o f the United States.
Checked by
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
To
F e d e ra l R eserve B a n k
of N ew
2
Y ork ,
Fiscal Agent o f the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y.
Attention:
Government Bond Division— 2nd Floor
From (Name and address o f Subscriber)
Dated a t .......................
.................................................................1957
On our subscription, numbered as above, for $
(par amount) of__
FEDERAL N A T IO N A L M O R TG AG E A SSO C IA TIO N 4 % PERCENT NOTES OF SERIES ML-1958-B
D A T E D OCTOBER 29, 1957, DUE JUNE 26, 1958
which we filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, we have
received your notice o f allotment stating that the Secretary of the Treasury has allotted notes to us in the amount of—
A s requested, we send you the following instructions:
Payment for the securities allotted will be made—
□
B y charge to our reserve account, which you are authorized to make
□
B y check
□
B y cash
and on October 29, 1957, the undersigned (fo r qualified depositary banks only) jjj ^ j}} nQt credit the Treasury Tax and
Loan account on its books a sum not in excess o f the total amount o f notes allotted to it, and not in excess o f any amount
for which it shall be qualified in excess o f existing deposits (see Treasury Department Circular No. 997, paragraph 2 under
“ IV Paym ent” ).
Denominations desired
Denomi
nation
Face amount
Dispose o f securities issued, as follow s:
□
□
□
□
□
(Leave this space blank)
. Deliver over the counter to the undersigned
Hold in safekeeping (fo r member bank only)
3. Hold as collateral for Treasury Tax and Loan account
4. Ship to the undersigned
5. Special instructions:
1
2.
10,000
100,000
The undersigned ( i f a bank or trust company) hereby
certifies that the securities to be disposed o f as indicated in
item 2 or 3 above are the sole property of the undersigned.
1,000,000
(IM P O R T A N T :
be accepted.)
TOTAL
i letter of instructions must be signed
id ly in the space provided and re
ed immediately to
ederal Reserve Bank o f New York,
Fiscal Agent of the United States.
No changes in delivery instructions will
Submitted b y ........................
(Pleaie print)
By ...................................
Title ....................................... .
By
(Authorized lignature(s) required)
........................
Title .............
Address.................................................................................................
(Spaces below are for the use o f Federal Reserve Bank o f New York)
Oovernment Bond Division
Security Custody Department
Safekeeping Division
Payment received
pied:
Counted
Checked .
Checked
Delivered
Deliver against payment
o f * .....................................
ned:
D ELIVERY 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......................................................................................
B y...............................................................................................
■*- Quali
ualified depositary banks desiring to avail themselves of the special Treasury Tax and Loan account privilege
should execute
ex<
the following Advice of Credit.
if
To
^
Advice o f Credit to Treasury Tax and Loan Account
|Federal Reserve Bank o f New York,
Fiscal Agent o f the United States.
(Date)
The undersigned hereby certifies that it will deposit on October 29, 1957, to the credit o f the Federal Reserve Bank
• o f New York, Fiscal Agent o f the United States, in the Treasury Tax and Loan Account, to be held subject to withdrawal
demand, the sum o f $
, pursuant to the provisions o f Treasury Department Circular No. 997,
,ted October 21, 1957, and in accordance with authorization received from you, as Fiscal Agent of the United States.
We request payment on October 29, 1957, o f an amount equivalent to the amount credited to the Tax and Loan
ount, as follow s:
□ By check
□ By credit to our reserve account
credit to reserve account o f ...............................................................................................................................................................
(Name of depositary)
By.
(Official signature required)
Street address
(City, Town or Village, P. O. No., and State)
(Title)
(D U P L IC A T E F O R USE OF F E D E R A L R E SE R V E B A N K OF N EW Y O R K )
Subscription Number
LETTER OF INSTRUCTIONS
To
or N e w Y o r k ,
Fiscal A gent o f the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y .
3
F e d e ra l R eserve B a n k
Attention:
Government Bond Division— 2nd Floor
From (Name and address o f Subscriber)
Dated a t ...................................... ................
................................................................ 1957
On our subscription, numbered as above, for $
(par amount) of—
FEDERAL N A T IO N A L M O R TG AG E A SSO C IA TIO N 474 PERCENT NOTES OF SERIES ML-1958-B
D A T E D O CTO B ER 29, 19S7, DUE JUNE 2 6 , 1958
which we filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, we have
received your notice o f allotment stating that the Secretary of the Treasury has allotted notes to us in the amount of—
A s requested, we send you the following instructions:
Payment for the securities allotted will be made—
- vv.
□
B y charge to our reserve account, which you are authorized to make
and on October 29, 1957, the undersigned (fo r qualified depositary banks only)
j=j
□
B y check
□
nQt credit the Treasury Tax and
Loan account on its books a sum not in excess o f the total amount o f notes allotted to it, and not in excess o f any amount
for which it shall be qualified in excess o f existing deposits (see Treasury Department Circular No. 997, paragraph 2 under
“ I V Paym ent” ).
Denominations desired
Denomi
nation
Pieces
*
Dispose o f securities issued, as follow s:
(Leave this space blank)
Face amount
1,000
□
□
□
□
□
1.
2.
3.
4.
5.
Deliver over the counter to the undersigned
H old in safekeeping (fo r member bank only)
H old as collateral fo r Treasury Tax and Loan account
Ship to the undersigned
Special instructions:
5,000
10,000
100,000
The undersigned ( i f a bank or trust company) hereby
certifies that the securities to be disposed of as indicated in
item 2 or 3 above are the sole property o f the undersigned.
1,000,000
(IM P O R T A N T :
be accepted.)
TOTAL
This letter o f instructions must be signed
officially in the space provided and re
turned immediately to
No changes in delivery instructions will
Submitted b y ........................
(Please print)
By .......................................
Title .........................................
By
(Authorised tignature(s) required)
........................
Title .............
Federal Reserve Bank o f New York,
Fiscal Agent of the United States.
Address.................................................................................................
(Spaces below are for the use o f Federal Reserve Bank o f New York)
Government Bond Division
Safekeeping Division
Security Custody Department
Payment received
signed:
Deliver against payment
o f * .....................................
signed:
DELIVERY RECEIPT
Received from Federal Reserve Bank of New York, Fiscal Agent of the United States, the above described securities allotted in the amoont
indicated above.
Date
Subscriber
By
By
ALLOTM EN T NOTICE FOR GOVERNM ENT BOND DIVISION
4
To Subscriber:
On your subscription, numbered as above, for $
(par amount) of—
FEDERAL N A T IO N A L M O RTG AG E ASSO C IATIO N 4 % PERCENT NOTES OF SERIES ML-1958-B
D A T E D OCTOBER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount of—
$
Date
Treas. Tax & Loan Acc.
Charge
Cash
Delivery teller
TT&L
Ship
Allotment
Premium and/or
interest
Disposition
Purchase price
Deposit
Over counter
Safekeeping
1
Principal due
Refund
Balance
Accrued interest
Amount due
Special delivery instructions
ALLOTM EN T NOTICE FOR SECURITY FILES
5
To Subscriber:
On your subscription, numbered as above, fo r $
(par amount) o f—
FEDERAL N A T IO N A L M O R TG AG E A SSO C IA TIO N 4 % PERCENT NOTES OF SERIES M L-1958-B
D A T E D O CTO B ER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions of Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount of—
ALLOTM ENT NOTICE FOR SECURITIES DEPARTM ENT
6
T o S ubscriber:
On your subscription, numbered as above, for $
(par amount) of—
FEDERAL N A TIO N A L M O RTG AG E ASSO C IATIO N 4% PERCENT NOTES OF SERIES ML-1958-B
D ATED OCTOBER 29, 1957, DUE JUNE 26, 1958
which you filed pursuant to the provisions o f Treasury Department Circular No. 997, dated October 21, 1957, the Secretary
o f the Treasury has allotted notes to you in the amount o f—
FEDERAL RESERVE BANK
O F NEW YORK
4519
S E C U R IT IE S D E P A R T M E N T
A D V IC E TO S U B S C R IB E R
To
Subscription No.
Date
r
L
Your cash subscription for $
Federal National Mortgage Association 4 % Percent Notes of Series ML-1958-B,
Dated October 29, 1957, Due June 26, 1958
has been received by this Bank, as fiscal agent of the United States.
Pursuant to Treasury Department
Circular No. 997, which specifies the terms o f the above-mentioned obligations o f the Federal National Mortgage
Association, allotment notices will be sent out promptly upon allotment, and allotments will be made on the basis
and up to the amounts indicated by the Secretary of the Treasury to this Bank.
http://fraser.stlouisfed.org/ Checked b y ---------------------------------Federal Reserve Bank of St. Louis
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 r k
,
Fiscal Agent o f the United States.
FEDERAL. R E SE R V E B A N K
O F NEW YORK
f
S E C U R IT IE S D E P A R T M E N T
CARD RECORD
Ii
Subscription No.
To
Date
n
L
Y our cash subscription for $
Federal National M ortgage
nation 4 % Percent Notes o f Series M L -1958-B ,
Dated Octojber 2 9 , 1957, Due June 26, 1958
has been received by this Bank, as fiscar agent o f the United States. Pursuant to Treasury Department
Circular No. 997, which specifies the terms of the above-mentioned obligations o f the Federal National Mortgage
Association, allotment notices will be sent out prom ptly upon allotment, and allotments will be made on the basis
and up to the amounts indicated by the Secretary o f the Treasury to this Bank.
http://fraser.stlouisfed.org/ Checked by.
Federal Reserve Bank of St. Louis
F
ederal
R eserve B a n k
op
New Y
ork,
Fiscal Agent o f the United States.
FEDERAL RESERVE BANK
OF NEW YORK
S E C U R IT IE S D E P A R T M E N T
S E C U R IT Y FILE S C O P Y
Subscription No.
To
Date
r
n
L
ii Your cash subscription for $
Federal National M ortgage Association 4 % Percent Notes o f Series M L -1958-B ,
Dated O c to fe r 2 9 , 1957, Due June 2 6 , 1958
has been received by this Bank, as fiscal ffigent o f the United States.
Pursuant to Treasury Department
Circular No. 997, which specifies the terms o { the above-mentioned obligations o f the Federal National Mortgage
Association, allotment notices will be sent out promptly upon allotment, and allotments will be made on the basis
and up to the amounts indicated by the Secretary o f ^the Treasury to this Bank.
http://fraser.stlouisfed.org/Checked by.
Federal Reserve Bank of St. Louis
F
ederal
R eserve B a n k
op
N ew Y
ork,
Fiscal Agent of the United States.
@FedFRASER