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FEDERAL RESER VE BANK
OF NEW YORK
Fiscal A g en t o f the U nited States
r Circular No. 4 8 4 9
t

February 1, 1960

J

4 % Percent Treasury Certificates of Indebtedness of Series A-1961, at Par,
or 4 % Percent Treasury Notes of Series C-1964, at 99.75,
O FFE R ED IN E X C H A N G E FO R

3 % Percent Treasury Certificates of Indebtedness of Series A-1960,
or
Percent Treasury Notes of Series EA-1960

iy2

T o A ll Banking In stitution s, and Others Concerned,
in th e Second F edera l R eserve D istrict:

The subscription books are now open fo r an offering of—
4 % percent Treasury Certificates o f Indebtedness o f Series A-1961, at par, and
4 % percent Treasury Notes o f Series C-1964, at 99.75,

in exchange fo r a like face amount o f either the 3% percent Treasury Certificates of Indebted­
ness o f Series A-1960, maturing February 15, 1960, in the amount of $11,363 million, or the
IV2 percent Treasury Notes o f Series EA-1960, maturing A pril 1, 1960, in the amount of
$198 million.
The new certificates will be dated February 15, 1960, will mature February 15, 1961, and
will be issued at par. I f the maturing certificates are surrendered fo r the new certificates,
coupons dated February 15, 1960, should be detached and cashed when due. I f the maturing
notes are surrendered fo r the new certificates, coupons dated A p ril 1,1960, should be attached;
interest on the maturing notes from October 1, 1959, to March 15, 1960, will be credited,
interest on the new certificates from February 15, 1960, to March 15, 1960, will be charged,
and the difference will be paid to subscribers following the acceptance o f the notes.
The new notes will be dated February 15, 1960, will mature November 15, 1964, and will
be issued, at 99.75, in both bearer and registered forms. They will yield about 4.93 percent
per annum. Following acceptance of the maturing certificates or notes, the discount o f $2.50 per
$1,000 face value will be paid to subscribers fo r the new notes. I f the maturing certificates are
surrendered for the new notes, coupons dated February 15,1960, should be detached and cashed
when due. I f the maturing notes are surrendered fo r the new notes, coupons dated A pril 1,
1960, should be attached; interest on the maturing notes from October 1, 1959, to March 15,
1960, will be credited, interest on the new notes from February 15,1960, to March 15,1960, will
be charged, and the difference (plus the discount o f $2.50 per $1,000 face value) will be paid to
subscribers following acceptance o f the maturing notes.
The terms of these offerings are set forth in Treasury Department Circulars No. 1037
and No. 1038, both dated February 1, 1960; a copy of each is printed on the following pages.
Subscriptions will be received by this Bank as fiscal agent of the United States. Cash
subscriptions will not be received. Subscriptions 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 confirmed immediately by mail on the form s provided. The
subscription books will remain open fo r three days, February 1 through February 3. Any
subscription addressed to a Federal Reserve Bank or Branch or to the Treasury Department
and placed in the mail before midnight, February 3, will be considered timely.




A

lfred

H

ayes,

President.

UNITED STATES OF AMERICA
4 % PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS OF SERIES A-1961
Dated and bearing interest fro m February 15, 1960
I960
Department Circular N o. 1037

D ue February 15, 1961

TREASU RY DEPARTM ENT,
O

f f ic e

FUcal Service
Bureau of the Public Debt

I.

O FF E R IN 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 L iberty B ond A ct, as amended,
invites subscriptions, at par, from the people o f the
United States fo r certificates o f indebtedness o f the
United States, designated 4 % percent Treasury Cer­
tificates o f Indebtedness o f Series A-1961 in exchange
fo r:
3 % percent Treasury Certificates o f Indebtedness
o f Series A-1960, m aturing February 15, 1960
I 1 percent Treasury Notes o f Series EA-1960,
/}
maturing A p ril 1, 1960
Interest will be adjusted as o f March 15, 1960, in the
case o f the notes o f Series EA-1960, as provided in
Section IV , Paym ent, hereof. The amount o f the offer­
ing under this circular w ill be limited to the amount o f
the eligible securities o f the two issues tendered in
exchange and accepted. The books w ill be open only
on F ebru ary 1 through F ebru ary 3 fo r the receipt
o f subscriptions fo r this issue.
2. In addition to the offering under this circular,
holders o f the m aturing certificates and the notes of
Series E A -1960 are offered the privilege o f exchang­
ing all or any part o f such securities fo r 4 f 8 percent
Treasury Notes o f Series C-1964, which offering is
set forth in Departm ent C ircular No. 1038, issued
simultaneously with this circular.
II.

D E S C R IP T IO N OF C E R T IFIC A T E S

1. The certificates w ill be dated Febru ary 15, 1960,
and w ill bear interest from that date at the rate o f
4 % percent per annum, payable semiannually on
A u gust 15, 1960, and F ebruary 15, 1961. They will
mature Febru ary 15, 1961, and w ill not be subject to
call fo r redemption p rio r 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
deposits o f public moneys. They w ill not be acceptable
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 w ill not be issued
in registered form.
5. The certificates w ill be subject to the general
regulations o f the Treasury Department, now or here­
a fte r prescribed, governing U nited States certificates.




of

th e

S

ecretary,

W ashington, F ebru ary 1,1960.

III.

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

1. Subscriptions w ill be received at the Federal
Reserve Banks and Branches and at the Office o f the
Treasurer o f the U nited States, W ashington. Bank­
ing institutions generally m ay submit subscriptions
fo r account o f customers, but on ly the Federal Reserve
Banks and the Treasury Departm ent 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. A llotm ent notices w ill be sent out
prom ptly upon allotment.
IV .

PAYM ENT

1.
Paym ent at par fo r certificates allotted here­
under must be made on or before February 15, 1960,
o r on later allotment, and may be made only in Treas­
u ry Certificates o f Indebtedness o f Series A-1960,
m aturing February 15, 1960, or Treasury Notes o f
Series E A-1960, m aturing A p r il 1, 1960, which will
be accepted at par, and should accom pany the sub­
scription. Coupons dated F ebruary 15, 1960, should
be detached from the m aturing certificates b y holders
and cashed when due. Coupons dated A p ril 1, 1960,
must be attached to the notes when surrendered, and
accrued interest from October 1, 1959, to M arch 15,
I960 ($6.80328 p er $1,000) w ill be credited, accrued
interest from Febru ary 15, 1960, to M arch 15, 1960
($3.88393 p er $1,000) on the certificates to be issued
w ill be charged, and the difference ($2.91935 per
$1,000) w ill be paid to holders o f the notes follow ing
their acceptance.
V.

G E N E R A L PR O V ISIO N S

1. A s fiscal agents o f the U nited 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
u ry to the Federal Reserve Banks o f the respective
Districts, to issue allotm ent notices, to receive p ay­
ment fo r certificates allotted, to make delivery o f cer­
tificates on fu ll-p aid 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 w ill be communicated prom ptly to the
Federal Reserve Banks.

ROBERT B. ANDERSON,
S ecretary o f the Treasury.

UNITED STATES OF AMERICA
4 % PERCENT TREASURY NOTES OF SERIES C-1964
Dated and bearing interest from February 15, 1960
I960
Department Circular No. 1038
Fiscal Servica
Bureau of the Public Debt

I. OFFERING OF NOTES

1. The Secretary o f the Treasury, pursuant to
the authority o f the Second L iberty B ond A ct, as
amended, invites subscriptions, at 99.75 percent o f
their face value, from the people o f the United States
fo r notes o f the U nited States, designated 4 % percent
Treasury Notes o f Series C-1964 in exchange f o r :
3 % percent Treasury Certificates o f Indebtedness
o f Series A-1960, m aturing February 15, 1960
1*4 percent Treasury Notes o f Series EA-1960,
m aturing A p r il 1, 1960
A cash adjustment, as provided in Section IV , P a y­
ment, hereof, will be made in favor o f subscribers
fo r the discount from the face value o f the new notes
and fo r interest adjustments in the case o f the notes
o f Series EA-1960. The amount o f the offering under
this circular w ill be limited to the amount o f the
eligible securities o f the two issues tendered in ex­
change and accepted. The books w ill be open only
on F ebru ary 1 through F ebru ary 3 fo r the receipt o f
subscriptions fo r this issue.
2. In addition to the offering under this circular,
holders o f the m aturing certificates and the notes o f
Series E A -1960 are offered the privilege o f exchanging
all o r any part o f such securities f o r 4 % percent
Treasury Certificates o f Indebtedness o f Series A-1961,
which offering is set forth in Departm ent Circular
No. 1037, issued simultaneously with this circular.

n . DESCRIPTION OF NOTES
1. The notes w ill be dated February 15, 1960, and
w ill bear interest from that date at the rate o f 4 %
percent per annum, payable on a semiannual basis
on M ay 15 and November 15, 1960, and thereafter on
M ay 15 and November 15 in each year until the p rin ­
cipal amount becomes payable. They w ill mature
November 15, 1964, and w ill n ot be subject to call fo r
redem ption p rior to maturity.
2. The income derived from the notes is subject
to all taxes imposed under the Internal Revenue 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 interest thereof by any
State, or any o f the possessions o f the United States,
or by any local taxing authority.
3. The notes will be acceptable to secure deposits
o f public moneys. They will not be acceptable in pay­
ment o f taxes.
4. Bearer notes with interest coupons attached, and
notes registered as to principal and interest, 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.
Provision will be made fo r the interchange o f notes
o f different denominations and o f coupon and regis­
tered notes, and fo r the transfer o f registered notes,
under rules and regulations prescribed b y the Secre­
tary o f the Treasury.




D ue N ovem ber 15, 1961

TREASU RY DEPARTM ENT,
O

f f ic e

of

th e

Secretary,

W ashington, F ebru ary 1,1960.
5.
The notes w ill be subject to the general regula­
tions o f the Treasury Department, now o r hereafter
prescribed, governing U nited States notes.
HI. SUBSCRIPTION AND ALLOTMENT

1. Subscriptions w ill 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 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. A llotm ent notices will be sent out prom ptly
upon allotment.
IV. PAYMENT

1. Paym ent fo r the face amount o f notes allotted
hereunder must be made on or before February 15,
1960, or on later allotment, and m ay be made only
in a like face amount o f Treasury Certificates o f
Indebtedness o f Series A-1960, m aturing Febru ary 15,
1960, or Treasury Notes o f Series E A-1960, m aturing
A p ril 1, 1960, which should accom pany the subscrip­
tion. Coupons dated February 15, 1960, should be
detached from the m aturing certificates b y holders
and cashed when due. The discount o f $2.50 per $1,000
on notes allotted w ill be paid to holders o f the m atur­
ing certificates follow in g their acceptance. Coupons
dated A p ril 1, 1960, must be attached to the notes o f
Series E A -1960 when surrendered. A ccru ed interest
from October 1, 1959, to March 15,1960 ($6.80328 p er
$1,000) on the notes surrendered plus the discount o f
$2.50 per $1,000 on notes allotted w ill be credited,
accrued interest from February 15,1960, to M arch 15,
I960 ($3.88393 p er $1,000) on the notes to be issued
will be charged, and the difference ($5.41935 per
$1,000) will be paid to holders o f the notes o f Series
E A -1960 follow in g their acceptance.
V. GENERAL PROVISIONS

1. A s fiscal agents o f the U nited 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
Treasury to the Federal Reserve Banks o f the respec­
tive Districts, to issue allotment notices, to receive pay­
ment fo r notes allotted, to make delivery o f notes on
full-paid subscriptions allotted, and they may issue in ­
terim receipts 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.

ROBERT B. ANDERSON,
Secretary 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 of America 47 Percent Treasury Certificates of Indebtedness
/g
of Series A-1961, Dated February 15, 1960, Due February 15, 1961
I m p o r t a n t I n s t r u c tio n s .
1. S e c u r itie s o f d iffe r e n t issu es 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 on th e
s a m e s u b s c r ip t io n f o 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 f o r e a c h g r o u p o f n e w 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 iv e n . 2 . I f n o te s a re s u r r e n d e r e d in e x c h a n g e , a c c r u e d in te r e s t fr o m O c t o b e r 1,
1 9 5 9 , t o M a r c h 1 5 , 1 9 6 0 ( $ 6 .8 0 3 2 8 p e r $ 1 ,0 0 0 ) w ill b e c r e d it e d , a c c r u e d in te r e s t fr o m F e b r u a r y 1 5 , 1 9 6 0 , to M a rch
1 5 , 1 9 6 0 ( $ 3 .8 8 3 9 3 p e r $ 1 ,0 0 0 ) o n th e c e r t ific a t e s to b e is s u e d w ill b e c h a r g e d , a n d th e d iffe r e n c e ($ 2 .9 1 9 3 5 p e r
$ 1 ,0 0 0 ) w ill b e p a id to h o ld e r s o f th e n o t e s f o l l o w i n g t h e ir a c c e p t a n c e a n d in a c c o r d a n c e w ith th e ir in s tr u c tio n s in d i­
c a t e d on th is fo r m . 3 . S ig n a tu 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 fiile d -in m a tte r s h o u ld a p p e a r in trip lic a te .

F

R

ederal

esebve

Bank

of

New Y

D a t e d a t ...............................................

ork,

Fiscal Agent o f the United States,
New York 45, N. Y .

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

.1960

Attention: Government Bond Division
D ear S ir s :

Subject to the provisions o f Treasury Department Circular No. 1037, dated February 1, 1960, the
undersigned hereby subscribes for United States o f America 4 % percent Treasury Certificates of Indebted­
ness of Series A-1961, in the amount of $........................................... * and tenders in payment therefor a like
par amount of the securities—
Delivered to you herew ith'.........................................................................................

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

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

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

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

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

'(P lease 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 rev e rs e sid e)

3% %

Treasury C of l’s of Series A -1960 (detach coupons).........................
Treasury Notes of Series EA-1960, with April 1, 1960 coupons
attached..........................................................................................................

$
$

Total
( I f notes are surrendered, fill in below)

Pay the difference ($2.91935 per $1,000) in interest adjustment on the notes surrendered in exchange,
fo llo w s :

□

B y check

□

B y credit to our reserve account
(Signature(s) required also on Delivery Instructions below)

( D o n o t fill in b o x e s b e lo w )
G o v e r n m e n t B o n d D i v i s io n

ceived

Checked

(Please print)

Canceled

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

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

(Authorized signature(s) required)

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

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

Subscription No.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 4 % Percent Treasury Certificates of Indebtedness
of Series A-1961, Dated February 15, 1960, Due February 15, 1961
C E R T IF IC A T E S D E SIR E D IN E XC H A N G E

P ieces

$

Dispose of securities issued as follow s:
□

Denomi­
nation

(Leave this space Marik)

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 h e u n d e r s ig n e d hereby certifies that the
s e c u r itie s t o b e d is p o s e d o f as in d ic a t e d
in ite m 2 o r 3 a b o v e a r e o w n e d s o le ly b y
th 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 be
a c c e p t e d . A s e p a r a te 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 itie 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 r e g iv e n .)

Submitted by
(Please print)

B y.

The subscription books will open on
February 1, and close at the close
of business February 3, 1960.

B y.
(Authorized signature(s) required)

T i t l e ..............................................................

T i t l e ....................

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

Checked
and
delivered




Received from 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 the above described United.
States obligations in the amount subscribed for.

( I f space is insufficient tn schedules below, attach separate listing)

List of Accounts Included in this Subscription
(Indicate amount of each issue surrendered by each customer and by yourself)
(L ta v e this
tpac* blank)

Name and address o f account
(P itas* print or typewrit*)

3 % % C o f I ’s
(A -1 9 6 0 )

] y 2 % N o te s
(E A -1 9 6 0 )

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

Total su bscrip tion ...................................

$

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

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

-

Denominations and Serial Numbers of Securities Surrendered
I ssue

3 % % C o f I ’s
(A - 1 9 6 0 )

1 % % Notes
(EA-1960)




Total

$

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

DUPLICATE—SECURITY RECORDS ULN TICKET”

Subscriber’8 Reference No.

Subscription No.

C-2

EXCHANGE SUBSCRIPTION

I

For United States of America
Percent Treasury Certificates of Indebtedness
of Series A-1961, Dated February 15, 1960. Due February 15, 1961

F e d e ra l R eserve B

ank

of

New Y

Dated a t .......................................................

ork,

Fiscal Agent o f the United States,
New York 45, N. Y .

.................................................................1960

-3:

^ct to the provisions o f Treasury Department Circular No. 1037, dated February 1, 1960, the
ed hereby subscribes for United States o f America 4 % percent Treasury Certificates o f Indebtedries A-1961, in the amount o f $...........................................• and tenders in payment therefor a like
at o f the securities—
ered to you h e re w ith .........................................................................................

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

! withdrawn from securities held by y o u ......................................................

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

i delivered b y .......................................................................................................

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

a fill in on the reverse side the schedule “ List o f Accounts Included in this Subscription.” )

SEC U RITIE S SURRENDERED
(L ist serial numbers on reverse side)

F ace amount

reasury C of I’s of Series A-1960 (detach coupons).........................
reasury Notes of Series EA-1960, with April 1, 1960 coupons
tached..........................................................................................................
T o ta l.......................................................................................

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

( I f notes are surrendered, fill in below)

he difference ($2.91935 per $1,000) in interest adjustment on the notes surrendered in exchange,
□

□

By check

B y credit to our reserve account

i

}
[

Subscription No.

SECURITY RECORDS “ OUT TICKET*
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 4% Percent Treasury Certificates of Indebtedness
of Series A-1961, Dated February 15, 1960, Due February 15, 1961
1 :----------------------------------------------------------------------------------- ---------------- ■

C E R T IF IC A T E S D E S IR E D IN E XC H A N G E

Dispose o f securities issued as follow s:

2.
3.

□

4.

□

(Leave this space blank)

1.

□

$

Face amount

□
□

Pieces

Denomi­
nation

5.

1,000
5,000
10,000

j

100,000

1,000,000

1

1

/

rO TA L
--------------




Submitted by

Address

Deliver over the counter to
the undersigned
H old in safekeeping (for
member bank only)
H old as collateral for Treas­
ury Tax and Loan Account
Ship to the undersigned
Special instructions:

( I f s p a c e is in s u fficie n t in sc h e d u le s b e lo w , a tta ch se p a r a te lis t in g )

List of Accounts Included in this Subscription
(Indicate amount of each issue surrendered by each customer and by yourself)
( Leave this
space blank)

Name and address o f account
(P h a se print cr typewrite)

3 % % C o f I ’3
(A -1 9 6 0 )

1 % % N o te s
(E A -1 9 6 0 )

$

T otal

$

Our own a c c o u n t .............................................
Total su bscrip tion ...................................

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

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

Denominations and Serial Numbers of Securities Surrendered
I ssue

3 % % C o f I ’s
(A -1 9 6 0 )

1 V i% N o te s
(E A -1 9 6 0 )




TRIPLICATE— TREASURY REPORTS COPY

8nb«eriber’ B Reference No.

C-3

Subscription N o.

EXCHANGE SUBSCRIPTION
For United States of America 47 Percent Treasury Certificates of Indebtedness
</z
of Series A-1961, Dated February 15, 1960, Due February 15, 1961

F ederal R eserve B ank o f N ew Y ork,
Fiscal Agent o f the United States,
New York 45, N. Y.

Dated at
.1960

Sm s:
ubject to the provisions o f Treasury Department Circular No. 1037, dated February 1, 1960, the
signed hereby subscribes for United States of America 4 % percent Treasury Certificates o f Indebtedf Series A-1961, in the amount of $...........................................* and tenders in payment therefor a like
nount of the securities—
elivered to you h e re w ith .........................................................................................

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

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

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

> be delivered b y .......................................................................................................

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

'lease fill in on the reverse side the schedule “ L ist o f Accounts Included in this Subscription.” )

SE C U R ITIE S SU RRENDERED
(L ist serial numbers on reverse side)

F ace am ount

Treasury C of Ps of Series A -1960 (detach coupons).........................
Treasury Notes of Series EA-1960, with April 1, 1960 coupons
attached..........................................................................................................

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

T o ta l.......................................................................................

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

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

( I f notes are surrendered, fill in below)

the difference ($2.91935 per $1,000) in interest adjustment on the notes surrendered in exchange,

t

FS:

□

B y check

□

_ _ .
_
To Subscriber:

B y credit to our reserve account

N ON N E G O TIAB LE R E C E IP T

Subscription No.

j F ederal R eserve B ank of N ew Y ork , Fiscal Agent o f the United States, hereby acknowledges receipt of
securities tendered with subscription numbered as above in exchange for
4y8 PE R C E N T T R 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 A-1961
Securities allotted on this subscription will be delivered on
February 15, 1960, in accordance with your instructions...........................................................................................
Teller
Government Bond Division— Issues & Redemption Section

C E R T IF IC A T E S D E SIR E D IN E XC H A N G E
Denomi­
nation

Dispose o f securities issued as follow s:

2.
3.

□
□

(L ea ve this space blank)

1.

□

*

Face amount

□
□

Pieces

4.
5.

1,000
5,000

10,000

Deliver over the counter to
the undersigned
Hold in safekeeping (for
member bank only)
Hold as collateral for Treas­
ury Tax and Loan Account
Ship to the undersigned
Special instructions:

100,000
1,000,000
TOTAL

T o F ederal R e serve B a n k or N e w Y o rk,
Fiscal Agent o f the United States

Submitted by .......................................................................................................

(Date)
Y ou are hereby authorized to deliver to

(Name of representative)
whose signature appears below,
$ .
.............. _ ........ par amount
o f securities issued pursuant to this subscription.
Name....................................................................... ..
(Please print)
(Official signature required)
(Signature of authorised 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 f s p a c e is in s u fficie n t in s c h e d u le s b e lo w , a t ta c h se p a r a te li s t i n g )

List of Accounts Included in this Subscription
(Indicate amount of each issue surrendered by each customer and by yourself)
( Leave this
tpace blank)

3 % % C o f I ’s
(A -1 9 6 0 )

Name and address o f account
(Please print or typewrite)

$

Total su bscrip tion ...................................

1 Vztfo N o te s
(E A -1 9 6 0 )

$

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

Denominations and Serial Numbers of Securities Surrendered
I ssue

3 % % C o f I ’s
(A -1 9 6 0 )

1 % % N o te s
(E A -1 9 6 0 )




T ota l

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

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

(Please type or print legibly and submit in triplicate)

Subscriber's Reference No.

Subscription No.

N-l

EXCHANGE SUBSCRIPTION
For United States of America 47 Percent Treasury Notes of Series C-1964
/g
Dated February 15, 1960, Due November 15, 1964
I m p o r t a n t I n s t r u c tio n 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 on
t h e sa m 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 te s u b s c r ip t io n fo r m s h o u ld b e u s ed f o r e a c h g r o u p o f n e w s e c u r itie 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 iv e n . 2 . P a y m e n t o f th e d is c o u n t ( $ 2 .5 0 p e r $ 1 ,0 0 0 ) o n .t h e n e w n o te s
w ill b e m a d e to s u b s c r ib e r s fo l l o w i n g a c c e p t a n c e o f th e m a tu rin g s e c u r it ie s a n d in a c c o r d a n c e w ith th e ir in s tr u c ­
t io n s in d ic a t e d o n th is f o r m . 3 . I f n o t e s a r e s u r r e n d e r e d in e x c h a n g e , a c c r u e d in te r e s t fr o m O c t o b e r 1, 1 9 5 9 , to
M a r c h 1 5 , 1 9 6 0 ( $ 6 .8 0 3 2 8 p e r $ 1 ,0 0 0 ) w ill b e c r e d it e d , a c c r u e d in te r e s t fr o m F e b r u a r y 1 5 , 1 9 6 0 , to M a r ch 15,
1 9 6 0 ( $ 3 .8 8 3 9 3 p e r $ 1 ,0 0 0 ) o n th e n o t e s to b e is s u e d w ill b e c h a r g e d , a n d th e d iffe r e n c e ( $ 2 .9 1 9 3 5 p e r $ 1 ,0 0 0 )
w ill b e p a id t o h o ld e r s o f th e n o t e s fo l l o w i n g th e ir a c c e p t a n c e a n d in a c c o r d a n c e w ith th e ir in s tr u c tio n s in d ic a t e d on
th is fo r m . 4 . S e p a r a t e 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 i s 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 .
5 . 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 in t r ip lic a te .

F

R

ederal

eserve

B

ank

op

New Y

Dated at

ork,

Fiscal Agent o f the United States,
New York 45, N. Y .
Attention:
:e denomination!, number
910,000

................
Government Bond Division

.1960

>100,000 ,t t0 the p rovisions 0f Treasury Department Circular No. 1038, dated February 1, 1960, the
d hereby subscribes for United States o f America 4 % percent Treasury Notes o f Series C-1964,
'int o f $...................................... * and tenders in payment therefor a like par amount o f the
red to you herewith .........................................................................................

$..........

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

$..........

delivered b y .......................................................................................................

$..........

i 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 sid e)

F ace am ount

easury C of Ps of Series A -1960 (detach coupons).........................
easury Notes of Series EA-1960, with April 1, 1960 coupons

$.

ached ..........................................................................................................

$.

T o ta l.......................................................................................

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

le discount ($2.50 per $1,000) on the new notes, as follows:
□ B y check
□ B y credit to our reserve account
( I f notes are surrendered, fiU in below)

ie difference ($2.91935 per $1,000) in interest adjustment on the notes surrendered in exchange,
□

□

B y check

'ERNMENT BOND DIVISION

Checked

B y credit to our reserve account
(Slfnature(s) required also on Delivery Instructions below)

n o t fill in b o x e s b e l o w )

Submitted by .................

Canceled

(Please print)

By.................................

.............. B y ........................................
(Authorized signature(s) required)
(A u th o ris e *

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

Title.

A d d r e s s .......................................................................
Subscription No.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 47 Percent Treasury Notes of Series C-1964
>/^
Dated February 15, 1960, Due November 15, 1964
B E A R E R NOTES D E SIR E D IN E XCH A N G E
Dispose o f securities issued as follow s:

( U se schedule on r e v erse sid e f o r reg istered n otes)

□

D enom i­
nation

P ieces

F a ce am ount

(L e a v e this space blan k)

□
$

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
TO T A L
T h e u n d e r s ig n e d h e r e b y c e r tifie s th a t th e
s e c u r it ie s to b e d is p o s e d o f as in d ic a t e d
in ite m 2 o r 3 a b o v e a r e o w n e d s o le ly b y
th 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 te s u b s c r ip tio n fo r m m ust 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 itie 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 r e g iv e n .)

Submitted by
(Please print)

B y.

B y.
(Authorized signature(s) required)

The subscription books will open on
February 1, and close at the close
of business February 3, 1960.

!

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

Title.

Address
( S p a c e s b e lo 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 ecoed

Received

Received from F e d e r a l R e s e e v e B a n k o f N e w Y o b k the above described United
States obligations in the amount subscribed for.

Subscriber
Checked
and
delivered


1


Date.

B y.

( I f s p a c e is in s u ffic ie n t in s c h e d u le s b e lo w , a t ta c h se p a r a te li s t i n g )

List of Accounts Included in this Subscription
(Indicate amount o f each issue surrendered by each customer and by yourself)

(Leave this
space blank)

3 % % C of I ’s
(A-1960)

Name and address o f account
( Please print or typewrite)

$

lV-1 % Notes
(EA-1960)

Total

$

$

Our own a c c o u n t..............................................
Total su bscrip tion ................................... $ ......................................... $ ........................................ $......................................

Denominations and Serial Numbers of Securities Surrendered
I ssue

3 % % O o f I»s
(A-1960)

1 *A% Notes
(E A -1960)

Schedule for Issue of Registered Notes
Name in which notes shall be registered and post-office
address for interest checks and other mail.
( Please print or typewrite)




(Indicate under appropriate denomination*, number
Amount

S1.000

15,000

SI 0,000

$100,000

d hereby subscrib
unt o f $............
red to you herev
withdrawn from
delivered by . . .
) fill in on the reven

easury C of I’s o
easury Notes of
ached ................
Total

le discount ($2.5(
□ By check

le difference ($2.!
□

B y check

n ot fill in b ox es b
'ERNMKNT BOND D l ?

Checked

N-2

DUPLICATE— SECURITY RECORDS “ IN TICKET” Subscription No.

Subscriber's Reference No.

EXCHANGE SUBSCRIPTION
For United States of America 47 Percent Treasury Notes of Series C-1964
/g
Dated February 15, 1960, Due November 15, 1964

x

R eserve B a n k

op

New

Dated at

Y ork,

_
_

al Agent o f the United States,
iMtio n .,n u m b « o l« ^ e w Y ork 45, N. Y.
oo

.1960

*

$100,000

— IR S:

>ject to the provisions of Treasury Department Circular No. 1038, dated February 1, 1960, the
jned hereby subscribes for United States o f America 4 % percent Treasury Notes of Series C-1964.
imount o f $...................................... * and tenders in payment therefor a like par amount o f the
s—
-\ 'v e r e d to you herewith ......................................................................................... $.................................
I >e withdrawn from securities held by y o u ......................................................

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

• e delivered b y .......................................................................................................
>

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

ise 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)

F ace amount

reasury C of I’s of Series A-1960 (detach coupons).........................

$.

treasury Notes of Series EA-1960, with April 1, 1960 coupons
tached..........................................................................................................

$.

T o ta l.......................................................................................

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

he discount ($2.50 per $1,000) on the new notes, as follows:
□ By check
□ B y credit to our reserve account
( I f notes are surrendered, fill in below)

ie difference ($2.91935 per $1,000) in interest adjustment on the notes surrendered in exchange,
□

- □ B y check

By credit to our reserve account

Submitted by

Address
Subscription No.

SECURITY RECORDS “ OUT TICKET”
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 47/z Percent Treasury Notes of Series C-1964
Dated February 15, 1960, Due November 15, 1964
B E A R E R N OTES D E SIR E D IN E XC H A N G E
(U s* schedule on reverse side fo r registered notes)
D e n o m i­
n a t io n

P ie c e s

$

□

P a ce am ount

(Leave this apace blanle)

1 ,0 0 0

5 ,0 0 0

1 0 ,0 0 0

1 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0
TOTAL




Dispose o f securities issued as follow s:

Submitted by

Address

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 s p a c e is in s u fficie n t in s c h e d u le s b e lo w , a t ta c h s e p a r a te li s t i n g )

List of Accounts Included in this Subscription
(Indicate amount of each issue surrendered by each customer and by yourself)
(L ea ve this
space blank)

Name and address o f account

1 V i % N o te s
(E A -1 9 6 0 )

3 % % C o f I ’s
(A -1 9 6 0 )

( Please print or typewrite)

$

$

Total subscription ...................................

T otal

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

$

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

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

Denominations and Serial Numbers of Securities Surrendered
I ssue

3% % C of Ps
(A -1 9 6 0 )

1 % % N o te s

(E A -1960)

E r Issue of Registered Notes
o
Name in which notes shall be registered and post-office
address for interest checks and other mail.
( Please print or typewrite)




R eserve B ank o
(Indicate under appropriate denomination*, number c Agent o f the U i
w York 45, N. Y

Amount

$1,000

$5,000

$ 10,000

$ 100,000
3:
set to the provisi
ed hereby subscri
l ount o f $...........
i
............ "bred to you here^
■ withdrawn from
.............. delivered by . . .
ie fill in o n th e rev er

easury C of Ps oi
•easury Notes of
tached................
Total
ie discount ($2.50
O By check
ie difference ($2.9
•□

B y check

Subscriber's

TRIPLICATE-TREASU RY REPORTS COPY

Reference N o.

N -3

Subscription No.

EXCHANGE SUBSCRIPTION
For United States of America 47 Percent Treasury Notes of Series C-1964
>/%
Dated February 15, 1960, Due November 15, 1964

R eserve B ank op N ew Y ork ,
Fiscal Agent o f the United States,
New York 45, N. Y .

Dated at

F ed eral

.1960

OtM d«*irf»

li.ooo,ooo) L A B

Sms:

----------- Subject to the provisions o f Treasury Department Circular No. 1038, dated February 1, 1960, the
mdersigned hereby subscribes for United States o f America 47 percent Treasury Notes o f Series C-1964,
/8
n the amount o f $...................................... • and tenders in payment therefor a like par amount o f the
ecurities—
Delivered to you herewith ......................................................................................... $.................................
To be withdrawn from securities held by y o u ......................................................

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

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

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

'(P lease 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)
F ace am ou n t

%%

Treasury C of I’s of Series A -1960 (detach coupons).........................
............. Vz°7o Treasury Notes of Series EA-1960, with April 1, 1960 coupons

$.

attached..........................................................................................................

$.

T o ta l.......................................................................................

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

Pay the discount ($2.50 per $1,000) on the new notes, as follows:
□ B y check
□ By credit to our reserve account
( I f notes are surrendered, fill in below)
i

Pay the difference ($2.91935 per $1,000) in interest adjustment on the notes surrendered in exchange,
follow s:
□ B y check
____
Q B y credit to our reserve account___________

Submitted by

Address

Subscription No.

NONNEGOTIABLE RECEIPT

To Subscriber:

op 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 T R E A SU R Y NOTES OF SE R IE S C-1964
Securities allotted on this subscription will be delivered on
February 15, 1960, in accordance with your instructions...........................................................................................

F ed e ra l R eserve B a n k

Teller
Government Bond Division— Issues & Redemption Section

B E A R E R N OTES D E SIR E D IN E XC H A N G E
Dispose o f securities issued as follow s:

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

P ie c e s

□

Denomi­
nation

Face amount

(L eave this space blanJc)

□
1,000
□
6,000

□
□

10,000

1. Deliver over the counter to
the undersigned
2. Hold in safekeeping (for
member bank only)
3. Hold as collateral fo r Treas­
ury Tax and Loan Account
4. Ship to the undersigned
5. Special instructions:

100,000

1,000,000
TOTAL

To

F e d e r a l R eserv e B a n k op N e w Y o e k ,
S u b m it t e d b y

F i s c a l A g e n t o f t h e U n it e d S ta t e s

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

(D ate)
Y o u a r e h e r e b y a u t h o r iz e d t o d e liv e r t o

(N am e o f representative)
w h o s e s ig n a t u r e a p p e a r s b e lo w ,
$ .................................................p a r a m o u n t
o f s e c u r it ie s is s u e d p u r s u a n t t o t h is s u b s c r ip t io n .
N a m e .....................................................
(Please print)
To
(Official signature required)


(Signature o f authorized


representative)

S u b sc rib er:

I f s e cu ritie s a r e t o b e d e liv e r e d o v e r the
c o u n t e r a t th is B a n k t o y o u r re p re s e n ta tiv e ,
th e a u t h o r it y in th e b o x t o th e l e f t sh ou ld
b e e x e c u te d o n t h e d a te o f d e liv e r y .

( I f s p a c e is in s u fficie n t in s c h e d u le s b e lo w , a t ta c h s e p a r a te lis t in g )

List of Accounts Included in this Subscription
t----- ----( Leave this
space blank)

(Indicate amount of each issue surrendered by each customer and by yourself)

Name and address o f account
(Please print or typewrite)

3% % C of I ’s
(A-1960)

Notes
(EA-1960)

Total

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

Our own a c c o u n t.............................................
Total su bscrip tion ................................... $ ................................... $................................... $ .................................

Denominations and Serial Numbers of Securities Surrendered





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102