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FED ERAL R E SER VE BANK OF NEW YORK Fiscal A g en t o f the U nited States J"Circular N o. 4 6 2 1 T L J July 21, 1958 1 % Percent Treasury Certificates of Indebtedness of Series C-1959 OFFERED IN EXCHANGE FOR 4 Percent Treasury Certificates of Indebtedness of Series C-1958 2 % Percent Treasury Bonds o f 1956-59 2 % Percent Treasury Bonds of 1957-59 T o A ll B anking In stitution s, and O thers Concerned, in the Second Federal R eserve D istrict: The subscription books are open fo r an offering o f— 1 % percent Treasury Certificates of Indebtedness of Series C-1959 in exchange for the 4 percent Treasury Certificates o f Indebtedness o f Series C-1958, maturing August 1, 1958, and the 21/4 percent Treasury Bonds of 1956-59 and 2% percent Treasury Bonds of 1957-59, both called for redemption on September 15, 1958. The terms of this offering are set forth in Treasury Department Circular No. 1012, dated July 21, 1958, a copy of which is printed on the reverse side o f this circular. Subscriptions will be received by this Bank as fiscal agent of the United States. Cash subscriptions will not be received. Subscriptions should be submitted in tripli cate on official subscription forms, copies o f which are enclosed, and should be mailed immediately; if filed by telegram or letter, the subscriptions should be confirmed immediately by mail on the form s provided. The subscription books will remain open for three days only, July 21, 22, and 23. Any subscription addressed to a Federal Reserve Bank or Branch or to the Treasury Department and placed in the mail before midnight Wednesday, July 23, will be considered timely. A lfred H ayes, President. (over) UNITED STATES OF AMERICA 1 % PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES C-1959 Dated and bearing interest from August 1, 1958 Due August 1, 1959 1958 D ep artm en t Circular N o. 1012 TREASU RY DEPARTM ENT, O ffic e o f t h e S e c re ta ry , Fiscal Service Bureau of the Public Debt Washington, July 21, 1958. I. O FFERIN G O F C E R T IFIC A T E S 1. The Secretary o f the Treasury, pursuant to the authority o f the Second Liberty Bond Act, as amended, invites subscriptions from the people of the United States for certificates o f indebtedness of the United States, designated 1% percent Treasury Certificates o f Indebtedness o f Series C-1959, in exchange for which any o f the following listed securities, singly or in combinations aggregating $1,000 or multiples thereof, may be tendered: 4 percent Treasury Certificates of Indebtedness of Series C-1958, maturing August 1, 1958 2 % percent Treasury Bonds o f 1956-59, called for redemption on September 15, 1958 2 % percent Treasury Bonds o f 1957-59, called for redemption on September 15, 1958 Exchanges will be made par for par in the case of the maturing certificates and in the case of the called bonds, at par with interest allowed to Sep tember 15 on the bonds and interest charged from August 1 to September 15 on the new certificates. The amount o f the offering will be limited to the amount o f the eligible securities of the three issues enumerated above tendered in exchange and accepted. The books will be open only on July 21 through July 23 for the receipt o f subscriptions for this issue. II. D E SC R IP TIO N O F C E R T IFIC A T E S ■ 1. The certificates will be dated August 1, 1958, and will bear interest from that date at the rate of 1% percent per annum, payable semiannually oh February 1 and August 1, 1959. They will mature August 1, 1959. They will not be subject to call for redemption prior to maturity. 2. The income derived from the certificates is subject to all taxes imposed under the Internal Revenue Code o f 1954. The certificates are subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but are exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any o f the pos sessions 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 ac ceptable in payment o f taxes. 4. Bearer certificates with interest coupons at tached will be issued in denominations o f $1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000 and $500,000,000. The certificates will not be issued in registered form. 5. The certificates will be subject to the general regulations o f the Treasury Department, now or hereafter prescribed, governing United States certificates. 2. The Secretary of the Treasury reserves the right to reject or reduce any subscription, and to allot less than the amount of certificates applied fo r ; and any action he may take in these respects shall be final. Subject to these reservations, all sub scriptions will be allotted in full. Allotment notices will be sent out promptly upon allotment. IV . P A Y M E N T 1. Payment at par for certificates allotted here under must be made on or before August 1, 1958. or on later allotment, and may be made only in Treasury Certificates of Indebtedness of Series C-1958, maturing August 1, 1958, Treasury Bonds o f 1956-59, called for redemption on September 15, 1958, or Treasury Bonds of 1957-59, called for redemption on September 15, 1958, which will be accepted at par, and should accompany the sub scription. Coupons dated August 1, 1958 should be detached from the maturing certificates and cashed when due. Coupons dated September 15, 1958 should be detached from both series of ‘bonds and cashed when due. A ll subsequent coupons should be attached to coupon bonds when sur rendered. Payment of accrued interest on the new certificates from August 1 to September 15, 1958 ,($1.98709 per $1,000) should be made by all sub scribers tendering coupon bonds in exchange when the subscription is tendered. In the case of regis tered bonds, the accrued interest will be deducted from the amount of the check which will be issued in payment of final interest on the bonds sur rendered. V. ASSIGNM ENT OF REG IST E R E D BONDS 1. Treasury bonds of the two eligible issues in registered form tendered in payment for certifi cates offered hereunder should be assigned by the registered payees or assignees thereof to “ The Sec retary of the Treasury for exchange for 1% per cent Treasury Certificates o f Indebtedness of Series C-1959 to be delivered t o ........................................” , in accordance with the general regulations of the Treasury Department governing assignments for transfer or exchange, and thereafter should be pre sented and surrendered with the subscription to a Federal Reserve Bank or Branch or to the Office o f the Treasurer of the United States, Washington. The bonds must be delivered at the expense and risk of the holders. V I. G E N E R A L PROVISIO N S 1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to re ceive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary of the Treasury to the Federal Reserve Banks of the respective Districts, to issue allotment notices, to receive payment for certificates allotted, to make delivery of certificates on full-paid subscriptions III. SU B SC R IPT IO N A N D A LL O TM E N T 1. Subscriptions will be received at the Federal allotted, and they may issue interim receipts pend ing delivery of the definitive certificates. Reserve Banks and Branches and at the Office of the Treasurer o f the United States, Washington. 2. The Secretary of the Treasury may at any Banking institutions generally may submit sub time, or from time to time, prescribe supplemental scriptions for account of customers, but only the or amendatory rules and regulations governing the Federal Reserve Banks and the Treasury Depart offering, which will be communicated promptly to ment are authorized to act as official agencies. the Federal Reserve Banks. ROBERT B. ANDERSON, Secretary of the Treasury. 0 (Please type fib e r ’ s Reference No. or print legibly and submit in triplicate) ^ / Subscription No. C-1 E X C H A N G E S U B S C R IP T IO N 'o r U n ite d States o f A m erica 1 % P ercen t T reasu ry C ertificates o f In d eb ted n ess o f Series C-1959, D a ted A u g u st 1, 1958, D u e A u g u st 1, 1959 Im p orta n t In stru ction s. 1 . S e c u r itie s o f d iffe r e n t issu e s s u r r e n d e r e d in e x c h a n g e m a y b e lis t e d t o g e t h e r o n the l e s u b s c r ip t io n fo r m , e x c e p t th a t a s e p a r a t e fo r m s h o u ld b e u s e d ( a ) f o r lis tin g cou p on s e c u r it ie s s u r r e n d e r e d , f o r lis t in g r e g is te r e d s e c u r it ie s s u r r e n d e r e d , a n d ( c ) f o r e a c h g r o u p o f n ew s e c u r it ie s f o r w h ic h d iffe r e n t i v e r y in s tr u c t io n s a r e g iv e n . 2 . S ig n a t u r e s a r e r e q u ir e d o n o r ig in a l o n l y ; a ll o t h e r fille d -in m a tte r s h o u ld a p p e a r r ip lic a t e . 3 . P a y m e n t o f a c c r u e d in t e r e s t o n th e n e w c e r t ific a t e s fr o m A u g u s t 1 to S e p te m b e r 1 5 , 1 9 5 8 ($ 1 .9 8 7 0 9 $ 1 , 0 0 0 ) s h o u ld b e m a d e b y a ll s u b s c r ib e r s te n d e r in g c o u p o n b o n d s in e x c h a n g e w h e n th e s u b s c r ip t io n is t e n d e r e d , th e c a s e o f r e g is t e r e d b o n d s , th e a c c r u e d in t e r e s t w ill b e d e d u c t e d fr o m th e a m o u n t o f th e c h e c k w h ic h w ill b e l e d in p a y m e n t o f fin a l in te r e s t o n th e b o n d s s u r r e n d e r e d . R eserve B a n k op N e w Y o rk , Dated a t .................................................... Fiscal Agent of the United States, New York 45, N. Y. .............................................................1958 ~ Attention: Government Bond Division deral ar S ir s : Subject to the provisions of Treasury Department Circular No. 1012, dated July 21, 1958, the underned hereby subscribes for United States of America 1% percent Treasury Certificates of Indebtedness Series C-1959, in the amount of $.........................................* and tenders in payment therefor a like par ount of the securities— Delivered to you herewith ............................... To be withdrawn from securities held by you To be delivered b y ............................................. * (Please fill in on the reverse side the schedule “ List o f Accounts Included in this Subscription.” ) SECURITIES SURRENDERED (L ist serial numbers on reverse side) F ace am ount So Treasury C of I’s of Series C-1958 (detach coupons) ................ ... $. ■- Y o Treasury Bonds of 1956-59 (detach Sept. 15, 1958 coupons) . . $. % Treasury Bonds of 1957-59 (detach Sept. 15, 1958 coupons) . . $_ Total....................................................................................... ... $>onds are surrendered, fill in item 1 or 2 below) jupon bonds. Payment of accrued interest in the amount of $....................................on the new ;s is made herewith: □ By check; □ By charge to our reserve account. 2. Registered bonds. Pay adjusted interest: □ By check; □ By credit to our reserve account. J. (Signature (s ) required also on Delivery Instructions below) ( D o n o t fill in b o x e s b e l o w ) G o v e r n m e n t B o n d D iv is io n Submitted by Canceled Checked Received (Please print) By................ ....................... B y ...................... (Authorized signature (s ) required) Title. T itle................. Address Subscription No. D E L IV E R Y IN S T R U C T IO N S — E X C H A N G E SU B SC R IP T IO N ?or U n ited States o f A m e rica 1 % P e rce n t T reasu ry C ertificates o f In d eb ted n ess o f Series C-1959, D a ted A u g u s t 1, 1958, D u e A u g u s t 1, 1959 CERTIFICATES DESIRED IN EXCHANGE \es Denomi nation $ Dispose of securities issued as follows; □ I- □ 2. □ 3. (L ea ve this space blank) Face amount 1,000 the undersigned Hold in safekeeping member bank only) (for ury Tax and Loan Account 5,000 □ 4. □ 5. 10,000 100,000 1,000,000 TOTAL The u n d e r s ig n e d h e r e b y c e r t ifie s th a t th e e c u r i t ie s t o b e d i s p o s e d o f a s in d ic a t e d n it e m 2 o r 3 a b o v e a r e o w n e d s o le ly b y h e u n d e r s ig n e d . _______ ( I M P O R T A N T : N o c h a n g e s in d e liv e r y in s tr u c tio n s w ill b e a c c e p t e d . A s e p a r a t e s u b s c r ip t io n fo r m m u st b e s u b m itte d f o r e a c h g r o u p o f s e c u r it ie s f o r w h ic h d iffe r e n t d e liv e r y in s tr u c t io n s a r e g i v e n .) Submitted by (P le a se print) B y. B y. The subscription books will open on July 21, and close at the close }f business July 23, 1958. (A u th o rize d sig n a tu re(s) required) ........................ Title. T itle.................... Address ( S p a c e s b e l o w a r e f o r th e u s e o f th e 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 ) S a f e k e e p in g R ecord 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 States obligations in the amount subscribed for. Received Subscriber Checked and delivered Date. B y. Y ork the above described United ( I f space is insufficient in schedules below, attach separate listing) List o f A ccounts Included in this Subscription (Indicate amount of each issue surrendered by each customer and by yourself) ( Leave this space blank) Name and address of account (Please print or typewrite) 4 % Cof I ’ s (C -1 9 5 8 ) 2 * 4 % B onds ( 1 9 5 6 -5 9 ) 2 % % B onds (1 9 5 7 -5 9 ) T ota l & Our own account ......................................... Total subscription ............................... $ .............................. $ .............................. $ .............................. $ .................. Denominations and Serial Numbers of Securities Surrendered I ssue 4 % C o f I ’s (C -1 9 5 8 ) 2 % % B onds (1 9 5 6 -5 9 ) - 2 % % B onds ( 1 9 5 7 -5 9 ) b->;' :) )'■■' ' •' -■ '• 1- . • " : • - " : ........ I 4' d v e ! Jcriber ’a Reference N o. DUPLICATE-SECURITY RECORDS “ IN TICKET” Subscription No. C-2 E X C H A N G E S U B S C R IP T IO N o r U n ited States o f A m e rica 1 % P e rce n t T rea su ry C ertificates o f In d eb ted n ess o f Series C-1959, D ated A u g u st 1, 1958, D u e A u g u s t 1, 1959 Dated at d e ra l R eserve B a n k o f N ew Y o rk , Fiscal Agent of the United States, .1958 N ew Y o r k 4 5 , N . Y . ar S ir s : Subject to the provisions of Treasury Department Circular No. 1012, dated July 21, 1958, the underned hereby subscribes for United States of America 1% percent Treasury Certificates of Indebtedness Series C-1959, in the amount of $........................................ * and tenders in payment therefor a like par ount of the securities— Delivered to you herew ith............................... To be withdrawn from securities held by you To be delivered b y ............................................. •(Please fill in on the reverse side the schedule “ List o f Accounts Included in this Subscription.” ) SECURITIES SURRENDERED (L ist serial numbers on reverse side) F a ce am ount 4% Treasury C of I’s of Series C-1958 (detach coupons) ................ $- 21 / 4 % Treasury Bonds of 1956-59 (detach Sept. 15, 1958 coupons) . . $. 2 % % Treasury Bonds of 1957-59 (detach Sept. 15, 1958 coupons) . . $. Total....................................................................................... $ .................................... (If bonds are surrendered, fill in item 1 or 2 below) 1. Coupon bonds. Payment of accrued interest in the amount of $.................................... on the new rtifioates is made herewith: □ By check; □ By charge to our reserve account. 2. Registered bonds. Pay adjusted interest: □ By check; □ By credit to our reserve account. Subscription No. S E C U R IT Y RE CO RD S “ O U T T IC K E T ” D E L IV E R Y IN S T R U C T IO N S — E X C H A N G E SU BSC R IPTIO N o r U n ite d S tates o f A m erica 1 % P e rce n t T reasu ry C ertificates o f In deb tedn ess o f Series C-1959, D ated A u g u st 1, 1958, D u e A u g u st 1, 1959 CERTIFICATES DESIRED IN EXCHANGE Denomi nation $ Face amount 1,000 5,000 10,000 100,000 1 ,0 0 0 ,0 0 0 TOTAL http://fraser.stlouisfed.org/ Federal V Reserve Bank of St. Louis (Leave this space blank) Dispose of securities issued as follows: □ 1. Deliver over the counter to the undersigned □ 2. Hold in safekeeping (for member bank only) □ 3. Hold as collateral for Treas ury Tax and Loan Account □ 4. Ship to the undersigned □ 5. Special instructions: ( I f space is insufficient in schedules below, attach separate listing) List o f Accounts Included in this Subscription (Indicate amount of each issue surrendered by each customer and by yourself) ( L eave this space blank) Name and address of account 4 % C o f I ’s ( C -1 9 5 8 ) (Please print or typewrite) $ 2 % % B onds ( 1 9 5 6 -5 9 ) 2 % % B onds (1 9 5 7 -5 9 ) $ T ota l iti Our own account ......................................... Total subscription ............................... , .................. 3 $ .............................. $ .............................. $ ..................... Denominations and Serial Numbers o f Securities Surrendered I ssu e 4 % C o f I ’s (C -1 9 5 8 ) 2 % % B onds (1 9 5 6 -5 9 ) 2 % % B onds ( 1 9 5 7 -5 9 ) ' ; I ; i •i J TR IPLIC A TE ib e r's Reference N o. TREASU RY REPORTS COPY Subscription No. C -3 EXCHANGE SUBSCRIPTION o r U n ite d S tates o f A m e rica 1 % P e rce n t T reasu ry C ertificates o f In d eb ted n ess o f Series C-1959, D ated A u g u st 1, 1958, D u e A u g u s t 1, 1959 D ated a t ........................................................... d eral R eserve B an k o f N ew Y ork , F isca l A g e n t o f the U nited States, New Y ork 45, N. Y . ar ..................................................................... 1958 S ir s : S u bject to the provisions o f Treasury D epartm ent C ircular No. 1012, dated J u ly 21, 1958, the underned hereby subscribes fo r U nited States o f A m erica 1 % percent Treasury Certificates o f Indebtedness Series C-1959, in the am ount o f $ .............................................. * and tenders in paym ent therefor a like par lount o f the securities— D elivered to you h e r e w it h ................................... T o be w ithdraw n from securities held b y you T o be delivered b y ................................................... • (P le a se fill in on the reverse side the schedule “ L is t o f A ccou nts Included in this S u b scrip tion .” ) S E C U R IT IE S S U R R E N D E R E D (L ist serial numbers on reverse side) 4% Treasury C of I’s of Series C-1958 (detach coupons) F a c e am ount ................. $ .............................. 2 ^ 4 % Treasury Bonds of 1956-59 (detach Sept. 15, 1958 coupons) . . $ ............................. 2 % % Treasury Bonds of 1957-59 (detach Sept. 15, 1958 coupons) . . $ ............................. Total............................................................................................. $ ...................................... ( I f bonds are surrendered, fill in item 1 or 2 below ) 1. Coupon bonds. Paym ent o f accrued interest in the amount o f $......................................... on the new rtificates is made herew ith: □ B y ch eck ; □ B y charge to our reserve account. 2. Registered bonds. P a y adjusted interest: □ B y ch eck ; □ B y credit to our reserve account. NONNEGOTIABLE RECEIPT Subscription N o. Subscriber: 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 , F iscal A gen t o f the U nited States, hereby acknowledges receipt o f urities tendered with subscription numbered as above in exchange fo r 1 % P E R C E N T T R E A S U R Y C E R T I F 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-1959. curities allotted on this subscription w ill be delivered A ugu st 1, 1958, in accordance with y ou r instructions. ...........................................— ......................................... Government Bond Division—Issues & Redemption Section C E R T I F IC A T E S D E S IR E D IN E X C H A N G E D ispose o f securities issued as fo llo w s : □ D en om i nation $ (L eave this space blank) F a ce am ount □ 1,000 □ 5,000 □ □ 1. D eliver over the counter to the undersigned 2. H o ld in safekeeping (fo r member bank on ly) 3. H o ld as collateral fo r Treas u ry T ax and Loan A ccoun t 4. Ship to the undersigned 5. Special instructions: 10,000 100,000 1 ,0 0 0 ,0 0 0 TOTAL > F ederal R eserve B a n k op N e w Y o rk , F is c a l A g e n t o f the U n ited States (Date) m are h ereby authorized to deliver to (Name of representative) lose sign a tu re appears below , $ .......p a r am ount ! secu rities issued pursuant to this subscription. (Please print) To Subscriber: (Official signature required) Digitized for (Signature FRASER of authorized representative) i f securities are to b e delivered over the counter at this B an k to y ou r representative, the au th ority in the b o x to the le ft should be executed on the date o f delivery. ( I f space is insufficient in schedules below, attach separate listing) List o f Accounts Included in this Subscription (In d ic a te am ount o f each issue surrendered b y each custom er and b y y ou rself) ( Leave this space blank) Nam e and address o f account (Please print or typewrite) $ Our own account 4 % C o f I ’s 2 y ± % B onds 2 % % B onds (C-1958) (1956-59) (1957-59) $ $ .............. T otal $ .............................................. T otal subscription ................................... $ ..................................... $ ..................................... $...................... $ .......................... Denominations and Serial Numbers of Securities Surrendered I ssu e C o f I ’s (C-1958) 4% Bonds (1956-59) 2 Y i% Bonds (1957-59) 2% %
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