Full text of Federal Reserve Bank of New York Circulars : 4811. 4 3/4 Percent Treasury Notes of Series A-1964, Additional Issue, Offered at 99.75 in Exchange for Series F or G Savings Bonds Maturing in 1960

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F E D E R A L R E S E R V E BA N K
O F N EW YORK
Fiscal Agent of the United States
r Circular N o. 4 8 1 1 T
L N ovem ber 23, 1959 J

4 % Percent Treasury Notes of Series A-1964, Additional Issue
OFFERED AT 99.75 IN EXCHANGE

For Series F or G Savings Bonds Maturing in 1960
T o A ll Banking In stitution s, and Others Concerned,
in the Second Federal E eserve D is tr ic t:

The subscription books are open today through November 30 for an offering, at 99.75 per­
cent of their face value, of—
4 % percent Treasury Notes o f Series A-1964, A dditional Issue

in exchange for any Series F or G savings bonds that mature in the calendar year 1960.
The notes are dated July 20, 1959, and mature May 15,1964. Exchanges of equal face amounts
of bonds for notes will be made as of December 15, 1959.
The savings bonds surrendered will be accepted at the exchange values set forth in the
tables in Treasury Department Circular No. 1034, which contains the terms of the offering
and is printed on the following pages. The effect of the various adjustments set forth in the
tables will be to provide an investment yield on any bond surrendered of approximately one
percent per annum more than would otherwise accrue from December 15 to the maturity
date of the bond, and an investment yield on the note issued of approximately 4.81 percent
per annum from the maturity date of the bond to the maturity date of the note (May 15,1964).
The lowest denomination of the notes is $1,000. Holders of smaller denomination bonds
may exchange them for the next higher multiple of $1,000 upon payment of any cash differ­
ence. No notes will be issued for cash in excess of any such difference.
Any qualified depositary may make payments authorized or required in connection with
this exchange by credit in Treasury Tax and Loan Account on December 15.
The notes will be delivered on December 15, 1959, and will be available at that time in
bearer form. Notes in registered form, however, may not be available for immediate delivery on
December 15, as special printing arrangements have to be made for registered notes.
This exchange will be a taxable exchange, the Secretary of the Treasury not having
declared it nontaxable pursuant to the provisions of Public Law 86-346 (approved September
22, 1959).
Subscriptions will be received by this Bank as fiscal agent of the United States. Sub­
scriptions should be made on official subscription forms, copies of which are enclosed, and
should be mailed immediately. I f filed by telegram or letter, subscriptions should be con­
firmed immediately by mail on the forms provided. The subscription books will remain open
from November 23 through November 30. Any subscription addressed to a Federal Reserve
Bank or Branch or to the Treasury Department and placed in the mail before midnight Nov­
ember 30 will be considered timely.




A lfred H ayes,

President.

UNITED STATES OF AMERICA
434 PERCENT TREASURY NOTES OF SERIES A-I964
Dated July 20, 1959, w ith interest from D ecem ber 15, 1959

D ue May 15, 1964

Interest payable May 15 and N ovem ber 15
A D D IT IO N A L ISSUE
1959
Department Circular N o. 1034

TREASURY DEPARTM ENT,
O f f ic e o f t h e S e c r e t a r y ,

Fiscal Service
Bureau o f the Public Debt

I.

O FF E R IN G O F NOTES

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 9 9 % percent o f their face
value, fo r notes o f the United States, designated 4 %
percent Treasury Notes o f Series A-1964, in exchange
fo r a like face amount o f United States Savings Bonds
o f Series F and G m aturing in the calendar year 1960,
which will be accepted at exchange values set forth
in Section IV , P a y m e n t . H olders o f Series F and G
bonds aggregating less than an even multiple o f $1,000
maturity value (the lowest denomination o f notes
available) may exchange such bonds with payment o f
the difference in cash to make up the next higher
$1,000 multiple. Interest on the notes will be adjusted
as o f December 15, 1959, and an adjustment in favor
o f subscribers representing the discount from the face
value o f the notes, will be made as set forth in Section
IV , P a y m e n t , hereof. The amount o f the offering
under this circular will be limited to the amount of
securities, together with cash adjustments, tendered in
exchange and accepted. The books will be open only
on November 23 through November 30 fo r the receipt
o f subscriptions fo r this issue.
II.

D E SC R IP TIO N O F NOTES

1.
The notes now offered will be an addition to and
will form a part o f the 4 % percent Treasury Notes
o f Series A-1964 issued pursuant to Department C ir­
cular No. 1029, dated J u ly 20, 1959, will be freely
interchangeable therewith, and are identical in all re­
spects therewith except that (i) interest on the notes
to be issued under this circular w ill accrue to sub­
scribers from December 15, 1959, and (ii) the notes
will also be available registered as to principal and
interest, subject to delivery o f definitive registered
notes as set forth in Paragraph 1 o f Section V I, and
provision will be made fo r the interchange o f coupon
and registered notes, and fo r the transfer o f registered
notes, under rules and regulations prescribed by the
Secretary o f the Treasury. Subject to the provisions
fo r the accrual o f interest from December 15, 1959,
on the notes now offered, and to the provisions relating
to their availability in registered form , the notes are
described in the follow in g quotation from Department
Circular No. 1029:
“ 1. The notes will be dated J u ly 20, 1959, and
will bear interest from that date at the rate o f
4 % percent per annum, payable on a semiannual
basis on November 15, 1959, and thereafter on
M ay 15 and November 15 in each year until the
principal amount becomes payable. They will ma­
ture M ay 15, 1964, and w ill n ot be subject to call
fo r redemption p rior to maturity.
“ 2. The income derived from the notes is subject
to all taxes imposed under the Internal Revenue



Washington, November 19, 1959.
Code o f 1954. The notes 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 inter­
est thereof by any State, or any o f the possessions
o f the United States, or by any local taxing
authority.
“ 3. The notes w ill be acceptable to secure de­
posits o f public moneys. They will not be acceptable
in payment o f taxes.
“ 4. Bearer notes with interest coupons attached
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. * * *
“ 5. The notes w ill be subject to the general regu­
lations o f the Treasury Departm ent, now or here­
after prescribed, governing United States notes.”
III.

SU B SC R IPT IO N A N D A L L O T M E N T

1. Subscriptions will be received at the Federal
Reserve Banks and Branches and at the Office o f the
Treasurer o f the United States, W ashington. Banking
institutions generally, and paying agents eligible to
process bonds under Treasury Departm ent Circular
No. 888, Revised, may submit exchange subscriptions
fo r account o f customers, but only the Federal Reserve
Banks and the Treasury Department are authorized to
act as official agencies.
2. The Secretary o f the Treasury reserves the right
to reject 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. Subject
to these reservations, all subscriptions will be allotted
in full. Allotm ent notices will be sent out prom ptly
upon allotment.
IV .

PAYM ENT

1.
Payment fo r the face amount o f notes allotted
hereunder must be made on or before December 15,
1959, or on later allotment, and may be made only in
a like face amount o f U nited States Savings Bonds
o f Series F and Series G m aturing fro m January 1
to December 1,1960, inclusive, and any cash difference
necessary to make up an even $1,000 multiple, which
bonds and cash should accom pany the subscription,
together with the net amount o f any interest to be
collected from the subscriber. The Series F and G
bonds will be accepted in the exchange at amounts
set forth hereunder fo r the respective months o f
maturity. These exchange values have been fixed to
provide the holders o f such bonds an investment yield
approxim ately 1 % more than otherwise would accrue
from December 15, 1959, until their respective ma­
turity dates, less an amount equal to the interest which
will accrue on the 4 % % Treasury notes during the

corresponding period. The effect o f these adjustments
w ill also provide fo r the 4 % % Treasury notes an
investment yield o f approxim ately 4.81 percent per
annum from the respective maturity dates o f the
Series F and G bonds to M ay 15, 1964, the maturity
date o f such notes. All subscribers ivill be charged the
interest from November 15, 1959, to December 15,
1959 ($4.00 per $1,000) on the notes allotted. Other
adjustments with respect to bonds accepted in ex­
change will be made as set forth in the follow ing

F bonds maturing
on the first day of

January .
February .
March . . .
A pril
M a y .........
J u n e .........
J u l y .........
A ugust . .
September
October ..
November
December

...1 9 6 0
...1 9 6 0
.. .1960
...1 9 6 0
...1 9 6 0
...1 9 6 0
...1 9 6 0
...1 9 6 0
...1 9 6 0
...1 9 6 0
...1 9 6 0
...1 9 6 0

tables which also show the net amounts to be paid
to or collected from subscribers fo r each $100 (fa ce
amount) o f bonds accepted in exchange.
(a )
Series F bonds.— The exchange values o f Series
F bonds, the differences between such values and the
offering price o f the 4 % % notes, the interest which
w ill accrue on such notes and the total amounts to be
collected from holders o f Series F bonds per $100
(fa ce am ount) are as follow s:

Exchange values of
F bonds per $100
(face amt.)

Charge for
differences between
$99.75 (offering price
per $100 of notes)
and exchange values
of bonds

I nterest to be
charged on notes
per $100 (face amt.)
of F bonds

l Total amounts
to be collected from
subscribers per $100
( face amt.) of
F bonds accepted
(Cols. 2 plus 3)

COL. 1

COL. 2

COL. 3

COL. 4

$99.84
99.52
99.20
98.92
98.60
98.28
97.96
97.68
97.36
97.04
96.76
96.44

$— 0.09
0.23
0.55
0.83
1.15
1.47
1.79
2.07
2.39
2.71
2.99
3.31

$0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40

$0.31
0.63
0.95
1.23
1.55
1.87
2.19
2.47
2.79
3.11
3.39
3.71

1 In addition, for each $100, or multiple or fraction thereof, between the face amount of Series F bonds
submitted and the face amount of notes subscribed (to next higher multiple of $1,000) the subscriber must
pay $100.15 ($99.75 issue price plus $.40 accrued interest).

(b ) Series G bonds.— The exchange values o f Series
G bonds, the differences between such values and the
offering price o f the 4 % % notes, the accrued interest
to be credited on the G bonds, the interest which will

Gbonds_
maturing in
1960 on the
first day of

Exchange values
of G bonds
per $100
(face amt.)

Januarv .........
February . . . .
M a r c h .............
A p ril .............
M ay ...............
J u n e ...............
J ulv ...............
A u g u s t ...........
September . . .
October .........
November . . .
D e c e m b e r___

$99.94
99.83
99.72
99.62
99.51
99.41
99.30
99.19
99.08
98.98
98.87
98.77

COL. 1

Charge for
differences
between $99.75
( offering price
per $100 of notes)
and exchange
values of bonds
COL. 2

$— 0.19
— 0.08
0.03
0.13
0.24
0.34
0.45
0.56
0.67
0.77
0.88
0.98

accrue on the notes and the total amounts to be paid
to or collected from holders o f Series G bonds per
$100 (fa ce am ount) are as follow s:
l Total amounts per $100 (face amt.)

Interest to be
credited on
G bonds
per $100
(face amt.)

Interest to be
charged on notes
per $100
( face amt.)
of G bonds

COL. 3

$1.15
0.94
0.73
0.52
0.31
0.10
3

0.94
0.73
0.52
0.31
0.10

of G bonds accepted

2To be paid to
subscribers
( Cols. 3 minus 2
and 4)

To be collected
from subscribers
(Cols. 2 and 4
minus 3)

COL. 4

COL. 5

COL. 6

$0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40

$0.94
0.62
0.30
—
—
—
—
—
—
—
—
—

$—
----0.01
0.33
0.64
0.95
0.02
0.34
0.65
0.97
1.28

1 In addition, for each $100, or multiple thereof, between the face amount o f Series G bonds submitted and the face
amount of notes subscribed (to next higher multiple o f $1,000) the subscriber must pay $100.15 ($99.75 issue price plus $.40
accrued interest).
2 The net amount to be paid to subscribers will be paid following acceptance of the bonds by the agency through which the
exchange is made.
3 Interest will be paid to January 1, 1960, on bonds maturing July 1, 1960, in regular course on January 1, 1960, by checks
mailed by the Treasury Department. As these checks will include unearned interest for the period from December 15, 1959, to
January 1, 1960, each subscriber who tenders these bonds will be required to make an interest refund of $0.10 per $100 (face
amount). The above amount in Col. 6 of $0.95 includes such refund.



2. A n y qualified depositary will be permitted to
make paym ent by credit in its Treasury T ax and Loan
A ccount fo r any cash payments authorized or required
to be made under this circular fo r notes allotted to it
fo r itself and its customers up to any amount fo r
which it shall be qualified in excess o f existing de­
posits, when so notified b y the Federal Reserve Bank
o f its District.
3. Series F and G bonds tendered in exchange
must bear appropriate requests fo r paym ent in ac­
cordance with the provisions o f Treasury Department
Circular No. 530, E ighth Revision, as amended, or
the special endorsements provided fo r in Treasury
Department Circular No. 888, Revised. In any case
in which notes in bearer form , or registered notes in
another name, are desired, requests fo r paym ent must
be supplemented by specific instructions signed by the
owner who signed the request fo r payment. A n
ow ner’s instructions fo r bearer or registered notes
may be recorded on the surrendered bonds by typing
or otherwise recording on the back thereof, or by
changing the existing request fo r paym ent form to
conform to, one o f the two follow ing fo rm s :
(a ) I am the owner o f this bond and hereby re­
quest exchange fo r 4 % % Treasury Notes of
Series A-1964 in bearer form to be delivered
to (insert name and address o f person to whom
delivery is to be m ade).
(b ) I am the owner o f this bond and hereby re­
quest exchange fo r 4 % % Treasury Notes o f
Series A-1964 registered in the name o f (insert
exact registration desired — see Section V ,
R e g is t r a t io n o f N o t e s ) .

V.

Revised, as supplemented. Registration in the name
o f one person payable on death to another is not
authorized. Registered Treasury notes may be trans­
ferred to a purchaser only upon proper assignment.
Treasury notes registered in the form “ A or B ”
may be transferred only upon assignment b y or on
behalf o f both, except that if one o f them is deceased,
an assignment by or on behalf o f the survivor w ill be
accepted. Treasury notes are n ot redeemable before
maturity at the option o f the owners, but they may
be sold in the market at prevailing prices.
V I.

G E N E R A L PRO VISIO 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 of the
Treasury to the Federal Reserve Banks o f the respec­
tive Districts, to issue allotment notices, to receive
payment fo r notes allotted, to make delivery o f notes
on full-paid subscriptions allotted, and they may issue
interim receipts pending delivery o f the definitive
notes. Registered notes are expected to be available
fo r delivery by December 15, 1959. However, should
they not be printed by that date subscribers m ay upon
specific request obtain an interim receipt pending
delivery o f the definitive notes.
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 w ill be communicated prom ptly to the
Federal Reserve Banks.

R E G IS T R A T IO N OF NOTES

1.
Treasury notes may be registered only as au­
thorized in Treasury Department Circular No. 300,




JU LIAN B. B A IR D ,
Acting Secretary of the Treasury.

SECURITY RECORDS “ OUT TICKET"
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 4 % Percent Treasury Notes of Series A-1964
Dated July 20, 1959, With Interest from December 15, 1959, Due May 15,1 9 6 4
B E A R E R N O TE S D E S IR E D IN E X C H A N G E
(U se schedule on reverse side for registered notes)

Denomi­
nation

Pieces
$

Face amount

(L e a v e th is s p a c e b la n k )

1,000
5,000
10,000
*
100,000
1,000,000
TOTAL




S u b scrip tio n No.

4811

Subscription No.

Subscriber’ s Reference No.

United States Savings Bonds of Series F or G maturing in 1960 must be tendered in payment for this subscription.

I

EXCHANGE

S U B S C R IP T IO N

F o r U n ited States o f A m erica 4 % P e r ce n t T reasu ry N otes o f Series A -1 9 6 4
D ated J u ly 2 0 , 1 95 9, W ith Interest fr o m D ece m b e r 15, 1 95 9, D u e M ay 15, 1964
ADDITIONAL ISSUE

Im p o r ta n t
W ill b1; allotbt id Ctint0fu U e re $ e rV a tio n ‘ in

D e p a r tm e n t C ir c u la r N o . 1 0 3 4 , d a t e d N o v e m b e r 1 9 , 1 9 5 9 , a ll e x c h a n g e su b s c rip tio n s

e v e n m u l t T o l V ^ s V o ^ O ^ l ^ ^ r ^ f f 1116

S £ r ie *. F .a n d G b ° ? d#
i

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in p a y m e n t a g g r e g a te le ss th an an
up

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S e p a r a te s u b s c r ip t io n fo r m s s h o u ld b e u s e d f o r b e a r e r n o t e s a n d r e g is t e r e d n o t e s d e s ir e d in e x c h a n g e .

n f T v i . . S e r ‘ n F a r J G » bo “ <i* i t e n t eredr . i «
b e a r a PPr o Pr ‘ a te r e q u e s ts f o r p a y m e n t in a c c o r d a n c e w ith th e p r o v is io n s
D e ilr tm
t r eP T
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? ’ E ' * h th R .e v ,« ® ? . »• a m e n d e d , o r th e s p e c ia l e n d o r s e m e n ts p r o v id e d f o r in T re a s u r y
D e p a r tm e n t C ir c u la r N o . 8 8 8 , R e v is e d . In a n y c a s e in w h ic h n e w n o te s in b e a r e r fo r m , o r n e w r e g is te r e d n o te s in a n o th e r n a m e,
a r e d e s ir e d , r e q u e s ts f o r p a y m e n t m u st b e s u p p le m e n te d b y s p e c ific in s tr u c tio n s sig n e d b y th e o w n e r w h o s ig n e d th e r e q u e s t f o r p a y ­
m e n t ; a s u b s c r ip t io n p r o p e r l y s ig n e d b y th e b o n d o w n e r m a y b e a c c e p t e d a s th e s u p p le m e n ta l in s tr u c tio n s r e q u ir e d b y this p r o v is io n .

To F ederal R eserve B ank of N ew Y ork,
Fiscal Agent of the United States,
Dated a t ........................................................................
Federal Reserve P. 0 . Station,
............................................................... 1959
New York 45, N. Y .
Attention Savings Bond Department— 6th Floor
D ear S irs :
—'
Subject to the provisions of Treasury Department Circular No. 1034, dated November 19, 1959, the undersigned
c66 3reby subscribes for United States of America 4% percent Treasury Notes o f Series A-1964 in the amount o f $.......................
__ ^>ar amount) and herewith tenders in payment therefor United States Savings Bonds of Series F and G in the amount of
............................... (maturity value), as shown below, plus a cash difference, if any, o f $........!............... to make an even
— lultiple o f $1,000, and interest adjustment, if any, o f $...... .......................... , as shown below. Payment for any cash differnce and for any interest adjustment is made as follows:
□ B y cash
□ B y check
□ B y charge to reserve account
□ By credit to Treasury Tax and Loan Account
( I f payment is made by credit to Treasury Tax and Loan Account, please submit completed Form Sav. B. 197.)
The savings bonds tendered in payment are:
Delivered to you herewith...... . . ................ ................................................................................

..... .....................

To be withdrawn from securities held by y o u .............................................................. ............

$.................................

To be delivered b y ............................................................................................................................

.......................

SA VIN G S BONDS SU RRENDERED
(List on reverse side name o f each registered owner whose bonds are surrendered and the amounts thereof)
SE R IE S F

nth of
turity

SE R IE S G
Amounts to be paid
b y Subscriber
(See Interest
Adjustment Table
on reverse side)

Maturity value

Month o f
Maturity

960
Ian.

1960
Jan.

i’ eb.

Feb.

arch

March

Amounts to be paid
Amounts to be paid
by Subscriber
to Subscriber
(See Interest Adjustment Table
on reverse side)

Maturity value

X X X
— X
X

X
X

X
X

pril

A pril

X

X

X

rtay

May

X

X

X

une

June

X

X

X

uly

July

X

X

X

■ug.

Aug.

X

X

X

ept.

Sept.

X

X

X

)ct.

Oct.

X

X

X

lov.

Nov.

X

X

X

)ec.

Dec.

X

X

X

1

otal

Total
(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 )
S a v in g s B o nd D iv is io n

Received

Checked

Submitted by

Canceled

(Please print)

B y ...................

...................... i B y . . ...................
(Authorized signature(s) required)

T itle.................

Title.

Address

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION

Subscription No.

For United States of America 4 % Percent Treasury Notes of Series A-1964
Dated July 20, 1959, With Interest from December 15, 1959, Due May 15, 1964

B E A R E R NOTES D E S IR E D IN E X C H A N G E

Delivery Instructions

(U s e schedule on reverse side fo r registered notes)

(F o r bearer notes desired in exchange)
Denomi­
nation

$

□

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

5,000

□

4. Ship to the undersigned

10,000

□

5. Special instructions:

Face amount

(Leave this space blank)

1,000

100,000
1 ,000,000
TOTAL
( 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 tio n s a re g iv e n .)

'h e 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 s e c u r it ie s to
e d is p o s e d o f a s in d ic a t e d in ite m 2 o r 3 a b o v e a re
w n e d s o le ly b y th e u n d e r s ig n e d .

Submitted b y ............................ .
(Please print)

The subscription books will open on
November 2 3 , and close at the close
of business November 30, 1959.

By

...............................................

................. .

By

......................

(Authorized signature(s) required)

Title ...........................................................................

Title

(S p a c e s b e l o w a r e f o r th e u se 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 )

Savings Bond Division

Government Bond Division

Safekeeping Division

D E L IV E R Y R E C EIPT
Received from Federal Reserve Bank o f New York, Fiscal Agent o f the United States, the above described securities in the amount indicated ’
above.
D a te ..




Subscriber................................................................................................................

B y.

Names of registered owners and amounts of bonds surrendered
( I f space below is insufficient, attach separate listing)
Leave
blank

Name o f registered owner

Leave
blank

Amount

Name o f registered owner

Amount

Interest adjustment tables
Series F Bonds

F bonds m aturing
on th e first day o f

E x ch a n g e va lu es o f
F bonds p e r $100
( f a c e am t.)

January ___ .1960
February . . . .1960
March ........ .1960
A pril , , ------- .1960
May .............. I960
June ........... ,1960
J u l y ...............,1960
August
I960
September . . , .1960
October ........ ,1960
November . . . ,1960
December . . . .1960

C h arge fo r
d ifferen ces betw een
$99.75 (o ffe r in g p rice
p e r $100 o f n otes)
and ex ch a n g e values
o f bonds

In te re s t to be
charged on notes
P e r $100J^ace^am t.)

l Total am ounts
to be paid by
subscribers p er $100
(fa c e am t.) o f
F bonds accepted
(C o ls. 2 plus 3)

COL. 1

COL. 2

COL. 3

COL. 4

$99.84
99.52
99.20
98.92
98.60
98.28
97.96
97.68
97.36
97.04
96.76
96.44

$— 0.09
0.23
0.55
0.83
1.15
1.47
1.79
2.07
2.39
2.71
2.99
3,31

$0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40

$0.31
0.63
0.95
1.23
1.55
1,87
2.19
2.47
2.79
3.11
3.39
3.71

1
In addition, for each $100, or multiple or fraction thereof, between the face amount o f Series F bonds
submitted and the face amount o f notes subscribed (to next higher multiple o f $1,000) the subscriber must
pay $100.15 ($99.75 issue price plus $.40 accrued interest).

Series

G bonds
m aturing in
1960 on the
first day o f

E x ch a n g e values
o f G bonds
p er $100
( f a c e am t.)

COL. 1

January ........
February ----M a r c h .............
A p ril .............
May ...............
J u n e ...............
July ...............
A u g u s t ...........
September . . .
October ........
November . . .
December . . . .

$99.94
99.83
99.72
99.62
99.51
99.41
99.30
99.19
99.08
98.98
98.87
98.77

Ch arge fo r
d ifferen ces
betw een $99.75
( offerin g p rice
p e r $100 o f n o tes)
and exchange
va lu es o f bonds
COL. 2

$—0.19
— 0.08
0.03
0.13
0.24
0.34
0.45
0.56
0.67
0.77
0.88
0.98

G

Bonds
l Total am ounts p er $100 ( fa c e amt.
o f G bonds accepted

I n te re s t to be
cred ited on
G bonds
p er $100
( f a c e am t.)

I n te re s t to be
charged on notes
p e r $100
( fa c e am t.)
o f G bonds

CQL. 3

COL. 4

COL. 5

$1.15
0.94
0.73
0.52
0.31
0.10

$0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40

$0.94
0.62
0.30

3

0.94
0.73
0.52
0.31
0.10

i T o b e paid to
subscribers
( Cols. 3 m inus 2
and 4 )

—
—
.—

—
—
—
—
—
—

T o be paid
by subscribet
( Cols. 2 and
m inus 3)

COL. 6
$

-------

0.01
0.33
0.64
0.95
0.02
0.34
0.65
0.97
1.28

1 In addition, for each $100, or multiple thereof, between the face amount o f Series G bonds submitted and the fac«
amount o f notes subscribed (to next higher multiple o f $1,000) the subscriber must pay $100.15 ($99.75 issue price plus $.40
accrued interest).
2 The net amount to be paid to subscribers will be paid follow ing aeeeptance o f the bonds by the agency through which the
exchange is made.
3 Interest will be paid to January 1, 1960, on bonds maturing July 1, 1960, in regular course on January 1, 1960, b y cheeks
mailed by the Treasury Department. As these cheeks will include unearned interest fo r the period from December 15, 1959, to
January 1, 1960, each subscriber who tenders these bonds will be required to make an interest refund o f $0.10 per $100 (face
am ount). The above amount in Col. 6 o f $0.95 inelndes such refund.

Schedule for Issue of Registered Note#
( I f registered notes, which are mailed directly b y Treaanry Department, Washington, D, C., are not to be sent to the registered
owner, give mailing instructions below .)
____________________
Name in which notes shall be registered and
post-office address fo r interest checks and
other mail.
(P lease print or typew rite)

Mail registered notes to




Amount

(Indicate under appropriate denominations, number o f
notes deBired.)

$1,000

5,000

$ 10,000

$100,000

$ 1,000,000