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FEDERAL RESERVE BANK OF N EW YORK Fiscal A g en t o f the U nited States r C ircu la r N o . 4 9 6 6 1 U N o v e m b e r 18, 1960 J 4 Percent Treasury Bonds of 1969, Additional Issue OFFERED A T 100*4 IN EXCHANGE FOR Series F or G Savings Bonds Issued in 1949, Maturing in 1961 To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: The Treasury is offering to the holders o f approxim ately $750 million o f Series F and G savings bonds issued in 1949, which mature in 1961, an opportu n ity to exchange them at their face amount, with certain interest and other adjustments as o f December 15, 1960, fo r 4 percent Treasury Bonds o f 1969, dated October 1, 1957, m aturing October 1, 1969, to be issued at a price o f 1 0 0 ^ percent. These 4 percent Treas u ry bonds w ill constitute an additional amount to the $1,276 million o f such bonds now outstanding, which were issued on October 1, 1957. Interest is payable on the bonds on A p ril 1 and October 1. The Series F and G bonds will be accepted in the exchange at amounts set forth in the offering circular fo r their respective months o f maturity. These exchange values are higher than present redemption values. They have been set so that holders o f Series F and G bonds who elect to accept this exchange offer w ill receive, in effect, an investment yield o f approxim ately 1 percent per annum more than would other wise accrue from December 15, 1960 to the m aturity dates o f their bonds, and will receive an investment yield o f approximately 3.93 percent on the 4 percent marketable bonds received in exchange fo r the period from maturity dates o f their Series F and G bonds to October 1, 1969. The subscription books fo r exchanges o f the Series F and G savings bonds m aturing in 1961 will be open only during the period from November 21 to November 29, 1960, inclusive. A n y subscription addressed to a Federal Reserve Bank or Branch, or to the Treasurer o f the U nited States, and placed in the mail before m idnight Tuesday, November 29,1960, accompanied by the Series F and G bonds m aturing from January 1 through Decem ber 1, 1961, to be exchanged, together with any cash difference necessary to make up the next higher $500 multiple (the lowest denomination o f the new b on d s), will be considered timely. The delivery date fo r the 4 percent Treasury Bonds o f 1969 will be December 15, 1960. The bonds w ill be available in registered form , as well as bearer form . The Treasury bonds may be registered join tly in the names o f two individuals, but not in the beneficiary form as in the case o f savings bonds. However, unlike savings bonds, Treasury bonds registered jo in tly in two names require the signature o f each owner to effect transfer or sale. Exchanges o f Series F and G savings bonds m aturing in 1961, will be made on the basis o f equal face amounts and will be allotted in full. Since holders o f the Series F and G bonds will receive interest on the 4 percent bonds o f 1969 at the rate o f 4 percent from October 1, 1960, interest adjustments w ill be made as fo llo w s : A ll subscribers w ill be charged accrued interest on the 4 percent Treasury bonds from October 1, 1960 to December 15,1960 ($0.82 per $100) and w ill also be charged with the premium on the issue price of the bonds ($0.50 per $100). The lowest denomination o f the 4 percent Treasury Bonds o f 1969 is $500. H olders o f smaller denominations Series F and G bonds may exchange them fo r the next higher multiple o f $500 upon paym ent o f any cash difference. The 4 percent Treasury Bonds o f 1969, which, upon the death o f the owner, constitute part o f his estate, w ill be redeemed at the option o f the duly constituted representatives o f the deceased ow ner’s estate, at par and accrued interest to date o f payment, provided the proceeds are used in paym ent of Federal estate taxes. The marketable 4 percent Treasury Bonds o f 1969 are subject to fluctuations in prices at which they may be sold. H olders o f Series F and G bonds desiring a security not subject to market fluctuations may exchange them at m aturity fo r Series E or H bonds with interest at 3 % percent i f held to maturity. F u ll details o f this offering to holders o f Series F and G bonds appear in the official circular being released at this time, and which will be available at banking institutions on Monday, November 21. Holders may consult their local banks fo r further inform ation after that time. The text o f the official circular referred to above is printed on the following pages. Sub scriptions will be received by this Bank as fiscal agent of the United States. 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 forms provided. The subscription books will remain open from Novem ber 21 through November 29. A lfred H ayes, President. UNITED STATES OF AMERICA 4 PERCENT TREASURY BONDS OF 1969 D ated O c to b e r 1, 1957, w ith interest fr o m D e c e m b e r 15, 1960 D u e O c to b e r 1, 1969 Interest p a y a b le A p r il 1 a n d O c to b e r 1 A D D I T I O N A L ISSU E I960 Depaitment Circular No. 1056 TREASU RY DEPARTM ENT, O f f ic e Fiscal Service Bureau of the Public Debt L O F F E R IN G O F B O N D 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 100 l/o per cent of their face value and accrued interest, fo r bonds o f the U nited States, designated 4 percent Treasury Bonds o f 1969, in exchange fo r a like face amount o f United States Savings Bonds o f Series F and G maturing in the calendar year 1961, which will be accepted at ex change values set forth in Section I V hereof. Holders o f Series F and G bonds aggregating less than an even m ultiple o f $500 m aturity value (the lowest denomina tion o f new bonds available) may exchange such bonds with paym ent o f the difference in cash to make up the next higher $500 multiple. Interest on the bonds will be adjusted as o f December 15, 1960, as set forth iu Section I V hereof. The amount o f the offering under this circular will be limited to the amount o f securi ties, together with cash adjustments, tendered in ex change and accepted. The books will be open o n ly on N o v e m b e r 21 th r o u g h N o v e m b e r 2 9 fo r the receipt o f subscriptions fo r this issue. II. D E S C R IP T IO N O F B O N D S 1. The bonds now offered will be an addition to and will form a part o f the 4 percent Treasury Bonds o f 1969 issued pursuant to Department Circular No. 996, dated September 16, 1957, will be freely interchangeable therewith, and are identical in all respects therewith except that interest on the bonds to be issued under this circular w ill accrue from December 15, 1960. Subject to the provision fo r the accrual o f interest from December 15, 1960, on the bonds now offered, the bonds are described in the fo l low ing quotation from Department Circular No. 996: of t h e Secretary, W a s h in g t o n , N o v e m b e r Id , 1960. ‘ ‘ 4. Bearer bonds with interest coupons attached, and bonds registered as to principal and interest, w ill be issued in denom inations o f $500, $1,000, $5,000, $10,000, $100,000 and $1,000,000. Provision w ill be made fo r the interchange o f bonds o f differ ent denominations and o f coupon and registered bonds, and fo r the transfer o f registered bonds, under rules and regulations prescribed by the Sec retary o f the Treasury. “ 5. A n y bonds issued hereunder which upon the death o f the owner constitute part o f his estate, w ill be redeemed at the option o f the duly consti tuted representatives o f the deceased ow n er’s estate, at par and accrued interest to date o f paym ent,1 p r o v id e d : (a ) that the bonds were actually owned by the decedent at the time o f his death; and (b ) that the Secretary o f the Treasury be author ized to apply the entire proceeds o f redemp tion to the paym ent o f Federal estate taxes. Registered bonds submitted fo r redemption here under must be duly assigned to “ The Secretary o f the Treasury fo r redem ption, the proceeds to be paid to the D istrict D irector o f Internal Revenue at ................................. fo r credit on Federal estate taxes due from estate o f ................................ ” Owing to the periodic closing o f the transfer books and the im possibility o f stopping paym ent o f interest to the registered owner during the closed period, registered bonds received after the closing o f the books fo r payment during such closed period will be paid only at par with a deduction o f interest from the date o f paym ent to the next interest pay ment date ;2 bonds received during the closed period fo r paym ent at a date after the books reopen will be paid at par plus accrued interest from the re opening o f the books to the date o f paym ent. In either case checks fo r the fu ll six m onths’ interest due on the last day o f the closed period w ill be forw arded to the owner in due course. A ll bonds submitted must be accompanied by Form P D 1782,3 properly com pleted, signed and sworn to, and by p ro o f o f the representatives’ authority in the form “ 1. The bonds w ill be dated October 1, 1957, and will bear interest from that date at the rate o f 4 percent per annum, payable semiannually on A p ril 1 and October 1 in each year until the prin cipal amount becomes payable. They will mature October 1, 1969, and w ill not be subject to call fo r redemption p rior to maturity. “ 2. The income derived from the bonds is sub je c t to all taxes imposed under the Internal R ev enue Code o f 1954. The bonds are subject to estate, inheritance, g ift or other excise taxes, whether Federal o r State, but are exempt from all taxation now o r hereafter imposed on the principal or inter est thereof b y any State, or any o f the possessions o f the United States, o r b y any local taxing authority. 1 An exact half-year’s interest is computed for each full half-year period irrespective o f the actual number of day» in the half year. For a fractional part of any half year, computa tion is on the basis of the actual number of days in such half year. 2 The transfer books are closed from March 2 to April 1, and from September 2 to October 1 (both dates inclusive) in each year. “ 3. The bonds will be acceptable to secure de posits o f public moneys. 3 Copies of Form PD 1782 may be obtained from any Federal Reserve Bank or from the Treasury Department, Washington, D. C. o f a court certificate or a certified cop y o f the repre sentatives’ letters o f appointm ent issued by the court. The certificate, or the certification to the letters, must be under the seal o f the court, and except in the case o f a corporate representative, must contain a statement that the appointment is in fu ll force and be dated within six months prior to the submission o f the bonds, unless the certificate or letters show that the appointm ent was made within one year immediately p rior to such submis sion. U pon payment o f the bonds appropriate memorandum receipt w ill be forw arded to the rep resentatives, which will be follow ed in due course by form al receipt from the D istrict D irector of Internal Revenue. “ 6. The bonds will be subject to the general reg ulations o f the Treasury Department, now or here after prescribed, governing United States bonds.” III. S U B S C R IP T 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 United States, W ashington, D. C. Banking institutions generally, and paying agents eligible to process bonds under Treasury Department Circular No. 888, Revised, may submit exchange sub scriptions 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 bonds 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 fo r the face amount o f bonds allotted hereunder must be made on or before Decem ber 15, 1960, 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 from January 1 to December 1, 1961, inclusive, and any cash differ ence necessary to make up an even $500 multiple, which bonds and cash should accom pany the subscrip tion, together with the net amount to be collected from the subscriber as set forth in Tables 1 and 2 hereof. The Series F and G bonds will be accepted in the exchange at amounts set forth hereunder fo r their respective months o f maturity. These exchange values are higher than present redemption values. They have been set so that holders o f Series F and G bonds who elect to accept this exchange offer will receive, in effect, an investment yield approximately 1 percent per annum more than would otherwise ac crue from December 15, 1960 to the m aturity dates o f their bonds, and w ill receive an investment yield o f approxim ately 3.93 percent on the 4 percent mar ketable bonds received in exchange for the period from the m aturity dates o f their Series F and G bonds to October 1, 1969. A l l s u b s c r ib e r s w ill b e c h a r g e d th e in te r e s t f r o m O c t o b e r 1 , 1 9 6 0 , t o D e c e m b e r 15, 1960 ($ 0 .8 2 p e r $ 1 0 0 ) o n th e b o n d s a llo tte d . Other adjust ments with respect to bonds accepted in exchange will be made as set forth in Tables 1 and 2 hereof, which also show the net amounts to be collected from subscribers fo r each $100 (fa ce am ount) o f bonds accepted in exchange. (a ) S e r ie s F b on d s. — The exchange values o f Series F bonds, the differences between such values and the offering price o f the 4 percent bonds, the interest which w ill accrue on the new bonds and the total amounts to be collected from holders o f Series F bonds per $100 (fa ce amount) are as follow s: TABLE 1 F or Series F Bonds F bonds maturing in 1961 on the first day o f— January ...................... F e b r u a r y ................... M a r c h .......................... A p ril .......................... May ............................ J u n e ............................ Ju ly ............................ A u g u s t ........................ S e p te m b e r................. October ...................... November ................. D e ce m b e r................... E xchange values o f F bonds p er $100 (fa c e am t.) Charge f o r differences betw een $100.50 ( offering p rice p er $100 o f n ew bonds) and exchange values o f F bonds In terest Oct. 1 to D e c . 1 5,1 96 0 to be charged on new bonds p er $100 (fa c e am t.) o f F bonds 1 Total amounts TO B E C O L L E C T E D F R O M S U B S C R IB E R S per $100 (fa c e am t.) o f F bonds accepted (C O L S . 2 plus 3) COL. 1 COL. 2 COL. 3 COL. 4 $99.88 99.64 99.40 99.16 98.92 98.68 98.44 98.20 97.96 97.72 97.48 97.24 $0.62 0.86 1.10 1.34 1.58 1.82 2.06 2.30 2.54 2.78 3.02 3.26 $0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 $1.44 1.68 1.92 2.16 2.40 2.64 2.88 3.12 3.36 3.60 3.84 4.08 1 In addition, for each $100, or multiple or fraction thereof, between the face amount of Series P bonds submitted and the face amount of bonds subscribed (to next higher multiple of $500) the subscriber must pay $101.32 ($100.50 issue price plus $0.82 accrued interest). (b ) S e r ie s G b o n d s .— The exchange values o f Series interest which will accrue on the new bonds and the G bonds, the differences between such values and the total amounts to be collected from holders o f Series G offering price o f the 4 percent bonds, the accrued bonds per $100 (fa ce am ount) are as follow s: interest to be credited on the Series G bonds, the TABLE 2 F or Series G Bonds Charge fo r differences betw een $100.50 ( offering price p er $100 In terest to be credited o f new bonds) and on G bonds p er $100 exchange values o f G bonds ( fa c e am t.) In terest O ct. 1 to D ec. 15, 1960 to be charged on n ew bonds Per $100 (fa c e am t.) o f G bonds 1Total amounts TO B E COLLECTED F R O M S U B S C R IB E R S per $100 ( fa ce am t.) o f G bonds accepted (C O L S . 2 and 4 minus 3) G bonds maturing in 1961 on the first day o f— E xchange values o f G bonds p er $100 ( fa ce am t.) COL. 1 C O L. 2 COL. 3 COL. 4 COL. 5 January ............. February ........... March ................. A p r i l ................... M a y ...................... June ................... J u l y ...................... A ugust ............... September ......... O c t o b e r ............... N o v e m b e r........... D e c e m b e r ........... $99.98 99.94 99.91 99.87 99.83 99.80 99.77 99.73 99.70 99.66 99.63 99.59 $0.52 0.56 0.59 0.63 0.67 0.70 0.73 0.77 0.80 0.84 0.87 0.91 $1.15 0.94 0.73 0.52 0.31 0.10 2 0.94 0.73 0.52 0.31 0.10 $0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82 $0.19 0.44 0.68 0.93 1.18 1.42 1.65 0.65 0.89 1.14 1.38 1.63 1 In addition, for each $100, or multiple thereof, between the face amount of Series G bonds submitted and the face amount of bonds subscribed (to next higher multiple of $500) the subscriber must pay $101.32 ($100.50 issue price plus $0.82 accrued interest). 2 Interest will be paid to January 1, 1961, on bonds maturing July 1, 1961, in regular course on January 1, 1961, by checks mailed by the Treasury Department. As these checks will include unearned interest for the period from December 15, 1960, to January 1, 1961, each subscriber who tenders these bonds will be required to make an interest refund of $0.10 per $100 (face amount). The above amount of $1.65 in COL. 5 includes such refund. 2. A n y qualified depositary w ill be perm itted to make paym ent by credit in its Treasury Tax and Loan A ccou nt fo r any cash payments authorized or re quired to be made under this circular fo r bonds 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 deposits, 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 accordance with the provisions o f Treasury Department Circular No. 530, Eighth Revision, as amended, or the special endorsements provided fo r in Treasury Department Circular No. 888, Revised. In any case in which bonds in bearer form , or registered bonds in another name, are desired, requests fo r payment must be sup plemented by specific instructions signed b y the owner who signed the request fo r payment. A n ow n er’s instructions fo r bearer or registered bonds 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 in g fo r m s : (a ) I am the owner o f this bond and hereby request exchange fo r 4 % Treasury Bonds o f 1969 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 request exchange fo r 4 % Treasury Bonds o f 1969 reg istered in the name o f (insert exact registration desired— see Section V hereof). V. V I. GENERAL PROVISIONS 1. A s fiscal agents o f the U nited 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 o f the re spective Districts, to issue allotment notices, to receive payment fo r bonds allotted, to make delivery o f bonds on full-paid subscriptions allotted, and they m ay issue interim receipts pending delivery o f the definitive bonds. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or am endatorj’ rules and regulations governing the offer ing, which will be communicated prom ptly to the Federal Reserve Banks. REGISTRATION OF BONDS 1. Treasury bonds m ay be registered only as authorized in Treasury Department Circular No. 300, Revised, as supplemented. Registration in the name o f one person payable on death to another is not authorized. Registered Treasury bonds may be trans ferred to a purchaser only upon proper assignment. Treasury bonds 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. Since Treasury bonds are not redeemable before m aturity at the option o f the owners, the effects o f registering them in the names o f two or more per sons are important. Inform ation concerning the effects o f various form s o f registration may be obtained from any Federal Reserve Bank or Branch, the Office o f the Treasurer o f the United States, W ashington, D. C., or from banking institutions generally. JU LIAN B. B A IR D , Acting Secretary of the Treasury. I V Subscriber's Reference No. Subscription No. (Please type or print legibly) Mn ite d S tates Savings Bonds o f Series F o r G issued in 1 9 4 9 an d m atu rin g in 1961 m ust be te n d ered in pay m en t fo r th is subscription. EXCHANGE SUBSCRIPTION For United States of America 4 Percent Treasury Bonds of 1969, Additional Issue Dated October 1, 1957, With Interest from December 15, 1960, Due October 1, 1969 k I n s t r u c tio n s . 1. H o ld e r s o f S e r ie s F a n d G b o n d s a g g r e g a t in g le ss th a n a m u ltip le o f $ 5 0 0 m a tu r ity v a lu e (t h e lo w e s t d e n o m in a t io n o f n e w b o n d s a v a i l a b l e ) m a y e x c h a n g e su ch b o n d s w ith p a y m e n t o f th e d iffe r e n c e in c a s h t o m a k e u p th e n e x t h ig h e r $ 5 0 0 iiu ltip le . 2 . B a n k in g in s titu tio n s s u b m ittin g e x c h a n g e s u b s c r ip t io n s f o r a c c o u n t o f c u s t o m e r s s h o u ld file a s e p a r a t e s u b s c r ip tio n r e a c h c u s t o m e r . 3 . B o n d s t e n d e r e d in e x c h a n g e m u st b e a r a p p r o p r ia 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 it h th e p r o v is io n s o f -T e a su r y D e p a r tm e n t C ir c u la r N o. 5 3 0 , E ig h th R e v is io n , a s 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 t s p r o v id e d f o r in T r e a s u r y D e p a r t m e n t C ir c u la r N o . 8 8 8 , R e v is e d . I f a r e g is t e r e d o w n e r o f s a v in g s b o n d s d e s ir e s n e w b o n d s in b e a r e r fo r m o r in a n o th e r n a m e, r e q u e s t s f o r p a y m e n t n o t m a d e in a c c o r d a n c e w it h T r e 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 , m u st b e s u p p le m e n te d b y sp e c ific in s tr u c t io n s s ig 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 ly 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 t io n s r e q u ir e d b y th is p r o v is io n . To D F e d e ra l R eserve B an k o f N ew Y ork, Dated at Fiscal Agent o f the United States, Federal Reserve P. 0 . Station, New York 45, N. Y. Attention Savings Bond Department— 6th Floor ear S ir s .1960 : Subject to the provisions o f Treasury Department Circular No. 1056, dated November 18, 1960, the undersigned hereby subscribes for United States o f America 4 percent Treasury Bonds of 1969, Additional Issue, in the amount o f $....................................... (par amount) and herewith tenders in payment therefor United States Savings Bonds having total maturity values as follows: Series F $.................................................................... Series G $................................................................... (from Column 1 of schedule on reverse sido entitled “ Savings Bonds Surrendered” ) and further tenders cash, as follows: 1. Total amount due on savings bonds surrendered (from Column 3 o f schedule on reverse side entitled “ Savings Bonds Surrendered” ) ........................... $...................................... 2 . Cash difference, if any, between face amount of bonds applied for and total maturity value of savings bonds su rren d ered ................................................. $...................................... 3. $1..32 per each $100 o f amount entered in item 2 above (see footnote 1 of Tables 1 and 2 in Treasury Department Circular No. 1056) ..................... $...................................... 4. Total cash accompanying this subscription .......................................................... $...................................... Payment o f amount indicated in item 4 above is made as follow s: □ B y cash □ B y check □ By charge to reserve account □ B y credit to Treasury Tax and Loan Account (I f payment is mado by credit to Treasury Tax and Loan Account, please submit completed Form Sav. B. 197.) The savings bonds surrendered in exchange are: Delivered to you herewith.............................................................................................................. $................................. To be withdrawn from securities held by y o u .......................................................................... $................................. (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 ) B y R e c e iv e d C Submitted by ...................... (Please print) Cash ............. $............ Check............. $............ T T & L A /C . $............ By ........................................... R eported h ecked ......................... By . . . . . . . . . (Authorized signature(s) required) Title ........................................................................... Title Address ....................................................................................................... Tel. No......................................... (I f this subscription is entered by a banking institution for account of a customer, please indicate name of customer on line below) Subscription No. DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION For United States of America 4 Percent Treasury Bonds of 1969, Additional Issue Dated October 1, 1957, With Interest from December 15, 1960, Due October 1, 1969 B E A R E R BONDS D E S IR E D IN E XC H A N G E ■' -v ( U s e schedule on r e v e rs e side fo r R E G I S T E R E D bonds) Delivery Instructions b . ' -----'on Face amount (F or bearer bonds desired in exchange) (Leave this space blank) 500 1,000 5,000 □ 1. Deliver over the counter to the undersigned □ 2. Hold in safekeeping (fo r member bank only) □ 3. Hold as collateral for Treasury Tax and Loan Account □ 4. Ship to the undersigned □ 5. Special instructions: 10,000 1 0 0 ,0 0 0 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 . T 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 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 re A o w n e d s o le l y b y th e u n d e r s ig n e d . 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 .) s e p a r a t e s u b s c r ip t io n fo r m Submitted by The subscription books will open on November 21, and close at the close of business November 29, 1960. m u st b e s u b m itte d fo r each grou p of (Please print) By By ................. (Authorized signature(s) required) .................... Title ............. Title .................. 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 ) Savings Bond Division Released. Safekeeping Division Government Bond Division Released. Checked ...................................................... Delivered DELIVERY RECEIPT Received from Federal Reserve Bank of New York, Fiscal Agent of the United States, the above described securities in the amount indicated above. Dato....................................... Subscriber................................................................................................................ B y.............................................................................. Subscription No. (Subscriber: Please fill in all appropriate spaces below and your name and address in box below) N O N N E G O T IA B L E R E C E IP T Date. Receipt is acknowledged o f your exchange subscription for $...................................... par amount of 4 percent Treasury Bonds o f 1969, Additional Issue, together with securities tendered in exchange in the amount of $........................................... (subject to count and verification). Teller F ed eral R eserve B ank op N ew Y ork Fiscal Agent o f the United States jr J Im SAVING S BONDS SU RRENDERED V SE R IE S F Column 1 Month of Maturity 1961 Maturity value SE R IE S G Column 2 Column 3 Net amount due from Subscriber per $100* Amounts to be paid by Subscriber Jan. _vk. fi m Column 1 $1.44 Feb. Month of Maturity 1961 Maturity value Column 2 Net amount due from Subscriber per $100* Jan. ).19 Feb. 0.44 March 1.92 March April 0.68 2.16 TST April 0.93 2.40 May June 1.18 2.64 June - W Aug. 2.88 1.42 July 1.65 3.12 Aug. Sept. 0.65 3.36 Sept. Oct. 0.89 3.60 Oct. Nov. 1.14 3.84 Nov. Dec. 1.38 4.08 Dec. 1.63 Total Amounts to be by Subscrib -ftf, Total (For explanation of amounts in this column, see Treasury Department Circular No. 1056-T ab le 1 for Series F bonds and Table 2 for Series G bonds T R E A S U R Y D E PA R TM E N T Bureau o f the Public Debt (November 1960) EFFECTS OF REGISTERING IN THE NAMES OF TW O OR MORE PERSONS 4% TREASURY BONDS OF 1969, ISSUED IN EXCHANGE FOR SERIES F AND G SAVINGS BONDS MATURING IN 1961 Rnn £ her? ^ S0™.e ™ P ° H a n t differences between the marketable 4% Treasury bonds o f 1969 and United States Savings Bonds. One essential difference is that (unlike savings bonds) the 4 % Treasury bonds o f 1969 are not redeemable at the option o f the owners before maturity. B e fo r e m a tu r ity ow n ers o f th e 4 % T r e a s u r y bon d s o f 1969 m a y obtain cash f o r th em o n ly b y sellin g th em e ith e r d ir e c t to a p u rc h a se r o r th r o u g h a bank o r b rok er. With respect to the 4% Treasury bonds of 1969 registered m coownership form, their sale may be accomplished only by assignments which must be exe cuted by all the coowners if all are living. Authorized forms of registration for the 4 % Treasury bonds o f 1969 held by two or more persons and a description of the effects o f each such form of registration fo llo w : Registration W ith R igh t o f Survivorship (a) “ John A. Doe or Mrs. Mary C. Doe or the survivor” (b) John A . Doe or Mrs. Mary C. Doe or Miss Joan C. Doe or the survivors or survivor” (c) “ John A . Doe and Mrs. Mary C. Doe or the survivor” W ith ou t R ight o f Survivorship (d ) “ John A. Doe and Mrs. Mary C. Doe as tenants in common” (e) “ John A. Doe or Mrs. Mary C. Doe without right o f survivorship” Minors Registration in the name of a minor alone (as distinguished from registration in the name o f a legal or natural guardian), either jointly or in the alternative with another person or persons is not authorized. Transactions B e f o r e m a tu r ity , the 4 % Treasury bonds o f 1969 registered in any o f the foregoing authorized forms may be trans ferred or exchanged for bearer securities only upon proper assignment by or in behalf of all the living coowners. Upon proof of death o f any one of them, the Treasury will honor assignments by or in behalf o f the survivor(s) unless the registra tion shows survivorship is not intended, as in (d ) and (e) above, in which case, in addition to an assignment by or in behalf o f the survivor(s), an assignment in behalf o f the decedent’s estate will be required. I n te r e s t ch eck s for bonds reg istered as described in (a) and (b) may be endorsed by any one payee. Interest checks for bonds registered as in (c ) and (d ) must be endorsed by or in behalf o f all while living. A t m a tu r ity , bonds registered as shown in (a ), (b) and (e) may be assigned by one coowner for redemption for his own account or otherwise whether or not any other coowner is deceased. One coowner o f bonds registered as in (c) and (d ) may assign them for r ed e m p tio n for the account o f all, if all are living. Upon proof o f the death of one, the survivor or survivors may assign the bonds So registered for any account, except that if the words “ as tenants in common” appear in the registration, as in ( d ), assignment in behalf o f the decedent’s estate will also be required. Schedule fo r Issue o f Registered Bonds Name (s) in which bonds shall be registered anc post-office address for interest checks and other mail. (P lease print or typew rite) (Indicate under appropriate denominations, number of bonds desired.) Amount $500 $1,000 $5,000 $10,000 $100,000 $1,000,000 ( I f registered bonds, which are mailed directly by Treasury Department, Washington, D. C., are not to be sent to the registered owner, give mailing instructions below.) Mail registered bonds to .................................................................................................................................
@FedFRASER