The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E S E R V E BA N K O F N E W YORK Fiscal Agent of the .United States rCircular N o. 4 7 3 8 * 1 L May 11, 1959 J 4 Percent Treasury Certificates of Indebtedness of Series B-1960 O FFE R ED A T 99.95 IN E XC H A N G E FO R 1*4 Percent Treasury Certificates of Indebtedness of Series B-1959 To A ll B anking Institutions, and O thers Concerned, in the Second Federal E eserve D istrict: The subscription books are open tod a y and tom orrow only fo r an offering, at 99.95 percent o f their fa ce value, o f— 4 percent Treasury Certificates o f Indebtedness o f Series B-1960 in exchange fo r the 1% percent T rea su ry Certificates o f Indebtedness o f Series B-1959, m aturing M ay 15, 1959. H olders o f the m aturing certificates should detach coupons b efore surrendering the certificates in exchange. Paym ent o f the discount o f $0.50 per $1,000 w ill be made on the new certificates follow in g acceptance o f the m aturing certificates. The terms o f this offering are set fo r th in T reasury D epartm ent Circular No. 1025, dated M ay 11, 1959, a cop y o f w hich is printed on the reverse side o f this circular. Subscriptions w ill be received b y this Bank as fiscal agent o f the U nited States. Cash subscriptions w ill not be received. Subscriptions should be submitted in tripli cate on official subscription form s, copies o f which are enclosed, and should be mailed im m ediately; if filed b y telegram or letter, the subscriptions should be confirm ed im m ediately b y mail on the form s provided. The subscription books w ill remain open today and tom orrow only, M ay 11 and 12. A n y subscription addressed to a F ederal R eserve Bank or Branch o r to the T rea su ry D epartm ent and placed in the mail b efore m idnight Tuesday, M ay 12, w ill be considered timely. A lfred H ayes, President. ( over) UNITED STATES OF AMERICA 4 PERCEN T T R E A S U R Y CERTIFICATES O F INDEBTEDNESS OF SERIES B-1960 Dated and bearing interest from May 15, 1959 1959 Department Circular N o. 1025 Due TREASURY DEPARTM ENT, O ffic e Fiscal Service Bureau o f the Public Debt I. O FFERIN G OF C E R T IFICATES 1. The Secretary o f the Treasury, pursuant to the authority o f the Second Liberty B ond A ct, as amended, invites subscriptions, at 99.95 percent o f their face value, from the people o f the U nited States fo r cer tificates o f indebtedness o f the United States, desig nated 4 percent Treasury Certificates o f Indebtedness o f Series B-1960, in exchange fo r 1*4 percent Treas u ry Certificates o f Indebtedness o f Series B-1959, maturing May 15,1959. A cash adjustment represent ing the discount from the face value o f the new certifi cate will be made in favor o f the subscriber, as provided in Section IV , Payment, hereof. The amount o f the offering under this circular will be limited to the amount o f m aturing certificates tendered in ex change and accepted. The books will be open only on M ay 11 and May 12 fo r the receipt o f subscriptions fo r this issue. II. D E SCRIPTIO N OF C E R T IFICATES 1. The certificates will be dated May 15, 1959, and w ill bear interest from that date at the rate o f 4 per cent per annum, payable semiannually on November 15,1959, and May 15,1960. They w ill mature May 15, 1960. They w ill n ot be subject to call for redemption prior to maturity. 2. The income derived from the certificates is sub je ct to all taxes imposed under the Internal Revenue Code o f 1954. The certificates are subject to estate, inheritance, g ift 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 possessions o f the United States, or by any local taxing authority. 3. The certificates w ill be acceptable to secure de posits o f public moneys. They will not be acceptable in paym ent 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 here after prescribed, governing U nited States certificates. ^ o f th e S ecreta ry , W ashington, M ay 11, 1959. 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 Reserve Banks and Branches and at the Office o f the Treasurer o f the United States, W ashington. Banking institutions generally may submit subscriptions fo r account o f customers, but on ly the Federal Reserve Banks and the Treasury Department are authorized to act as official agencies. 2. The Secretary o f the Treasury reserves the right to reject or reduce any subscription, and to allot less than the amount o f certificates applied f o r ; and any action he may take in these respects shall be final. Subject to these reservations, all subscriptions will be allotted in full. Allotm ent notices will be sent out prom ptly upon allotment. IV . PA Y M E N T 1. Payment fo r the face amount o f certificates allotted hereunder must be made on or before May 15, 1959, or on later allotment, and m ay be made only in a like face amount o f Treasury Certificates o f Indebt edness o f Series B-1959, m aturing M ay 15,1959, which will be accepted at par, and should accom pany the subscription. Coupons dated M ay 15, 1959, should be detached from the certificates b y holders and cashed when due. The discount o f $0.50 per $1,000 on cer tificates allotted will be paid subscribers follow ing acceptance o f the m aturing certificates. V. G E N E R A L PR O V ISIO N S 1. A s fiscal agents o f the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make allotments on the basis and up to the amounts indicated by the Secretary o f the Treas ury to the Federal Reserve Banks o f the respective Districts, to issue allotment notices, to receive payment fo r certificates allotted, to make delivery o f certificates on full-paid subscriptions allotted, and they may issue interim receipts pending delivery o f the definitive certificates. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offer ing, which will be communicated prom ptly to the Federal Reserve Banks. R O B E R T B. AN D ERSON , S ecretary o f the Treasury. (Please type or print legibly and submit in triplicate) Subscriber's Reference No. C-l Subscription No. EXCHANGE SUBSCRIPTION For United States o f America 4 Percent Treasury Certificates o f Indebtedness o f Series B-1960, Dated May 15, 1959, Due May 15, 1960 Im portan t Instructions. 1. A separate subscription form should be used fo r each group o f new securities for which different delivery instructions are given. 2 . Signatures are required on original o n ly ; all other filled-in matter should appear in triplicate. 3 . Paym ent o f the discount o f $ 0 .5 0 per $ 1 ,0 0 0 on the new certificates will be m ade to subscribers follow ing acceptance o f the maturing certificates and in accordance with their instructions indicated on this form . F ederal R eserve B a n k op New Y Dated a t ....................................................... ork, Fiscal Agent o f the United States, New York 45, N. Y . „ ~ Attention: Government Bond Division D e a r S ir s : i .................................................................1959 Subject to the provisions o f Treasury Department Circular No. 1025, dated May 11, 1959, the under\ signed hereby subscribes for United States of America 4 percent Treasury Certificates o f Indebtedness of Series B-1960, in the amount o f $.........................................* and tenders in payment therefor a like par amount o f the securities— Delivered to you h erew 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.” ) SE C U R ITIE S SU RRENDERED ( List serial numbers on reverse side) T otal amount 1 V\°7o Treasury C of I’s of Series B -1959 (detach coupons)............... $. Pay the discount ($0.50 per $1,000 on the new certificates), as follows: □ B y check Q By credit to our reserve account (Si*natura(s) required also on Delivery Instructions below) ( D o n o t f ill i n 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 (Please print) Canceled Checked Received B y ............................................. (A u ............. ? B y ............................................................. horized signature(s) required) T itle.............................................................. Title. Address ....................................................................... Subscription No. DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION For United States of America 4 Percent Treasury Certificates of Indebtedness o f Series B-1960, Dated May 15, 1959, Due May 15, 1960 i Kffi.Brri—tqr—TS---:——------- ------- ■'— ------ ---------*----------------------------------------C E R T IF IC A T E S D E SIR E D IN E X C H A N G E Pieces Denomi nation Dispose o f securities issued as follow s: □ (Leave this space blank) Pace amount □ $ 1,000 □ 5,000 □ □ 10,000 1. Deliver over the counter to the undersigned 2. H old in safekeeping (for member bank only) 3. H old as collateral fo r Treas ury Tax and Loan Account 4. Ship to the undersigned 5. Special instructions: 100,000 1,000,000 TOTAL T h e undersigned h ereby certifies that the securities to be disposed o f as indicated in item 2 or 3 above are ow ned solely by the undersigned. (I M P O R T A N T : No changes in delivery instructions will be accepted. A separate subscription form must be submitted for each group o f securities fo r which different delivery instruc tions are given .) Submitted by (Please print) B y ................... The subscription books will open on May 11, and close at the close of business May 12, 1959. T itle ................. B y. (Authorized signature(s) required) ........................ T itle.................... Address (S p a c e s below are fo r the use o f the Federal R eserve Bank o f New Y o r k ) S a f e k e e p in g R ecord Received Checked and delivered Received from F e d e r a l R e s e r v e B a n k o f N e w States obligations in the amount subscribed for. Y ork the above described United ( I f (pace Is insufficient in schedules below, attach separate listing) List of Accounts Included in this Subscription (Ltmvt this •fact blank) Name and address o f account (P ita it print or typewrit*) Our own a c c o u n t ........ Total subscription Denominations and Serial Numbers of Securities Surrendered Issux l % % C o f I ’s (B -1959) 1 % % C o f I ’* (B-1959) Subscriber 's Reference No. C-2 DUPLICATE-SECURITY RECORDS “ IN TICKET” Subscription No. E X C H A N G E SUBSCRIPTION For United States o f America 4 Percent Treasury Certificates o f Indebtedness o f Series B-1960, Dated May 15, 1959, Due May 15, 1960 F Dated at R eserve B a n k of N e w Y o r k , F is c a l A g e n t o f th e U n it e d S ta te s , N ew Y o rk 45, N . Y . ederal .1 9 5 9 D e a r S ir s : Subject to the provisions o f Treasury Department Circular No. 1025, dated May 11, 1959, the under signed hereby subscribes for United States o f America 4 percent Treasury Certificates o f Indebtedness of Series B-1960, in the amount o f $........................................... * and tenders in payment therefor a like par amount o f the securities— Delivered to you h erew 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.” ) SE C U R ITIE S SU RRENDERED ( L ist serial num bers on r e v e rs e s id e) T otal amount 1 1 4 % Treasury C of I's of Series B-1959 (detach coupons)............... $. Pay the discount ($0.50 per $1,000 on the new certificates), as follows: □ B y check Q B y credit to our reserve accounlt Submitted b Subscription No. SECURITY RECORDS “ OUT TICKET” D ELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION For United States o f America 4 Percent Treasury Certificates o f Indebtedness o f Series B-1960, Dated M ay 15, 1959, Due May 15, 1960 C E R T IF IC A T E S D E SIR E D IN E X C H A N G E Pieces Denomi nation Dispose o f securities issued as follow s: □ Face amount (L eave this space ilanlc) □ $ 1,000 □ 5,000 □ □ 10,000 100,000 1,000,000 TOTAL ===== Submitted by Address 1. Deliver over the counter to the undersigned 2. H old in safekeeping (for member bank only) 3. H old as collateral for Treas ury Tax and Loan Account 4. Ship to the undersigned 5. Special instructions: ( I f apace is insufficient in scheduiea below, attach separate listing) List of Accounts Included in this Subscription (Leave this space blank) l% % C o f I's (B-1959) Name and address o f account (Please print or typewrite) $ Our own a c c o u n t.............................................................................................................. Total su bscrip tion ................................................................................................... $ ....................................... C-3 TRIPLICATE— TREASURY REPORTS COPY Subscriber’s Reference No. Subscription No. EXCHANGE SUBSCRIPTION For United States o f America 4 Percent Treasury Certificates of Indebtedness o f Series B-1960, Dated May 15, 1959, Due May 15, 1960 F e d e ra l R eserve B ank op N ew Dated a t ....................................................... Y ork , Fiscal Agent o f the United States, New Y ork 45, N. Y . D ear S ir s .................................................................1959 : Subject to the provisions o f Treasury Department Circular No. 1025, dated May 11, 1959, the underled hereby subscribes fo r United States of America 4 percent Treasury Certificates o f Indebtedness o f ies B-1960, in the amount o f $........................................... * and tenders in payment therefor a like par the securities— ft■ securitie: Delivered to you h erew ith ......................................................................................... $................................. To be withdrawn from securities held by y o u ...................................................... $................................. To be delivered b y ..................................................................................................... $................................. * (Please fill in on the reverse side the schedule “ List o f Accounts Included in this Subscription.” ) SE C U R ITIE S SU RRENDERED ( L is t serial num bers on r e v e rs e s id e) T otal amount l * /4 % Treasury C of I’s of Series B-1959 (detach coupons)............... $. i Pay the discount ($0.50 per $1,00() on the new certificates), as follows: □ B y credit to our reserve account □ B y check ------------------ i ! i 1 ( 1 Submitted b; ! NONNEGOTIABLE RECEIPT Subscription No. To Subscriber: 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, hereby acknowledges receipt of securities tendered with subscription numbered as above in exchange for 4 PE R C E N T TR E A SU R Y C E R T IF IC A T E S OF IN D EBTED N ESS OF SE R IE S B-1960. Securities allotted on this subscription will be delivered on May 15, 1959, in accordance with your instructions. ............................-.......................................................... T eller G overn m en t B o n d D iv ision — Issues & R edem ption Section C E R T IF IC A T E S D E SIR E D IN E X C H A N G E □ Denomi nation Pieces Dispose o f securities issued as follow s: (L ea ve this space blank) Face amount □ $ 1,000 □ 5,000 - 10,000 □ □ 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: 100,000 1,000,000 TOTAL T o F e d e r a l R e se rv e B a n k op N e w Y oe k , Submitted by Fiscal Agent o f the United States (D a t e ) You are hereby authorized to deliver to (N a m e o f representative) whose signature appears below, Address $.......................................... par amount o f securities issued pursuant to this subscription. Name......................................... ............................... (P lea se prin t) (O fficia i signature required) (S ig n a tu re o f authorized representative) To Subscriber: I f securities are to be delivered over the counter at this Bank to your representative, the authority in the box to the le ft should be executed on the date o f delivery. ( I ! i p i c i is Insufficient in schedules below, attach separate listing) List of Accounts Included in this Subscription (L ea ve this space blank) Name and address o f account ( P least print or typewrite) Our own a c c o u n t........ _____ Total subscription Denominations and Serial Numbers of Securities Surrendered Issux 1%% c o f I ’s (B -1 9 5 9 ) l % % C o f I ’s (B -1 9 5 9 )
@FedFRASER