Full text of Federal Reserve Bank of New York Circulars : 5083. Treasury Offerings, Advance Refunding of 2 1/2 Percent Treasury Bonds of 1965-70 and 1966-71

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FED ER AL RESERVE BANK
O F NEW YORK
Fiscal Agent o f the United States

r Circular No. 5 0 8 3 1
L September 11, 1961 J

TREASURY OFFERINGS
Advance Refunding of 2Vz Percent Treasury Bonds
of 1965-70 and 1966-71
To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve District :

The subscription books will be open from September 11 through September 15 for the
following offerings of United States of America 3 percent Treasury bonds—

y
2

32 Treasury Bonds of 1980,Additional Issue,
ypercent
or 3ypercent Treasury Bonds o 19 0 Additional I s e
2
f 9,
su,
or 3ypercent Treasury Bonds of 1 9 , Additional I s e
2
98
su,
oednxhneo
fr iecagf
fe
r
22 Treasury Bonds of 1965-70
ypercent
or 2ypercent Treasury Bonds of 1 6 - 1
2
967.
Subscriptions by or for account of individuals may be submitted through September 2
0.
These offerings are made on an exchange basis, and a l subscriptions will be allotted in f l .
l
ul
A Treasury Department statement on the offerings, made public on September 7 and
printed in our Circular No. 5082, i reprinted on pages 2-4 of this circular. The o f c a terms
s
fiil
of the offerings are set forth in Treasury Department Circulars Nos. 1065,1066, and 1067, which
appear on pages 5- 1
1.
Subscriptions will be received by this Bank as f s a agent of the United States. Cs
icl
ah
sbcitoswlntb rcie. Subscriptions should be submitted in triplicate on official
usrpin il o e eevd
subscription forms, copies of which are enclosed, and should be mailed immediately. The securi­
t e being surrendered should accompany the subscriptions. If f l d by telegram or l t e , the
is
ie
etr
subscriptions should be confirmed immediately by mail on the forms provided. The subscription
books will remain open for

fedy,Spebr1 truh1,adi adto,truhSp
i as etme 1 hog 5 n n diin hog e­
v
tme 2 frusrpinb ofracutoidvdas
ebr 0o sbcitos y ro con fniiul.

Additional copies of this circular and the enclosed subscription forms will be furnished
upon request.




A lfred H ayes,

President.

TREASU RY DEPARTM ENT

Washington, D. C
.
September 7 1961
,
ADVANCE REFUNDING OFFER

22
y%

The Treasury i o f r n holders of $ . b l i n
s feig
4 7 ilo
Bonds of March 1 , 1965-1970, and $ . b l i n
5
2 9 ilo
21
/2% Bonds of March 1 , 1966-71, which were issued during the war-loan dr
5
ives in 1
944, the right t
o
exchange them for any of the following outstanding bonds:

S2 Bonds due November 15, 1980;
y%
3% % Bonds due February 1 , 1990;
5
32 Bonds due November 15, 1998.
y%
The exchanges w l be made on the b s s of par f p r a of September 1 , 19 1 with payments by
il
ai
or a , s
5 6,
the holders t the Treasury ( r by the Treasury t the hold
o
o
o
ers) and with accrued i t r s t September 1 ,
neet o
5
19 1 on the
6,
Bonds, t be paid by the i v s o s a indicated i paragraph No. 3 hereunder.
o
netr, s
n
,
The o f r n provides an immediate inc e s i i t r s t i v s o s who accept a s cu
feig
rae n neet o netr
e rity of longer
maturity. By making t i c n ersion, holders w l obtain somewhat higher y e d than could be obtained
hs o v
il
ils
by purchasing any of the a f c e i s e i the market a current p i e . Holders o the 1965-70 and 1966-71
fetd sus n
t
rcs
f
bonds would otherwise have t r i v s t e r proceeds on maturity i Treasury Bonds of equal maturity
o enet hi
n
a r t s of 4 2 t 4 3 perc n , t equal the terms of t i o f r n . The exchange of old for new s c r t e
t ae
.8 o .6
et o
hs feig
euiis
w l not be treated a a s l and purchase f tax purposes, thereby avoiding immediate recording o book
il
s ae
or
f
gains or l s e on the s c r t e being accepted by the Treasury i exchange fo the new i s e .
oss
euiis
n
r
sus

32
y%

Terms and Conditions of the Advance Refunding Offer

1 To a l holders owning $50 or more, of the following outstanding Treasury bonds:
.
l
0,
Description of bonds

Issue date

Final
maturity date

2 % % bonds 1965-70
2y2% bonds 1966-71

Feb. 1 1944
,
Dec. 1 1944
,

Remaining term
to final maturity
(Y rs.-M os.)

March 1 , 1970
5
March 1 , 1971
5

Amount
outstanding
(in billions)

8— 6

$.
47
29
.

9— 6

2 New bonds t be i
.
o
ssued: (addi
tional amounts of outstanding i s e )
sus
Description of bonds

Amount
outstanding
(in billions)

Issue date

y% bonds of Nov. 15, 1980
2

3

$ .6
27
.
23
.

Oc . 3 1960
t
,
Feb. 1 , 1958
4
O t 3 1960
c. ,

31/ % bonds of Feb. 1 , 1990
2
5
31/ % bonds of Nov. 1 , 1998
2
5

Interest
payable

Interest starts1

Se t 1 , 1961 May 15 & Nov. 15
p. 5
Se t 1 , 1961 Feb. 15 & Aug. 15
p. 5
Se t 1 , 1961 May 15 & Nov. 15
p. 5

1 Interest on the bonds surrendered stops on September IS , 1961.

3 Terms of the exchange:
.
Exchanges w l be made on the b s s of par f r p r with payments by and t the Treasury, and
il
ai
o a,
o
with adjustments of accrued i t r s t September 1 , 1 1, on the
neet o
5 96
bonds t be i s e ,
o
sud
(per $100 face amount) a indicated below:
s

32
y%

Amount of purchase
price of 3 V
2% bonds
Bonds
to be
issued

Bonds
to be
exchanged

1980
1990
1998

—

$1.00
20
.0

Accrued
interest
to be
paid by
subscriber

To be
collected
from
subscriber

$1,170
0
.295
1
.170
1
.170
0.295
1. 7
10

$
2.25
—
—

—

35
.0
.5
2

1.00

—

0
5

0

—

1990
1998

r-t

CO




CO

2y2% 1965-70 31/ %
2
3y2%
31/ %
2
2
1966-71
31/ %
2
31/ %
2

y%
2

To be
paid
to
subscriber

2

Net amount
To be
paid
to
subscriber
— .

$0,705
0.830
—
—
—

To be
collected
from
subscriber

Extension
of
maturity
Yrs.-M os.

$3,420

10— 8
19 — 11
28— 8
9— 8
18 — 11
27— 8

—
—

4.670
0
.545
0
.170

dtce
eahd

Coupons dated September 1 , 1 6 , on the 2 % % bonds i bearer form should be
5 91
n
by
holders and cashed when due. I t r s on the bonds i regis e e form w l be paid by check on
neet
n
trd
il
September 1 , 1
5 961, by the Treasury i regular course t holders of record on August 1 , 1 6 .
n
o
5 91
4 Limitation on amount o bonds t be i s e :
.
f
o
sud
The amount o the 3 ^ % bonds t be issued under t i o f r n w l be limited t the amount o
f
o
hs feig il
o
f
the e i i l 2 % % bonds tendered i exchange and a c
lgbe
n
c epted.
5 Books open for subscriptio for the 3 % % bonds:
.
ns
The books w l be open f the r c i t of subscriptions from
il
or
eep
c a s s o subscriber from
lse f
s
Monday, September 1 , through Friday, September 1 . In a d t o , the books w l a s be open
1
5
diin
il lo
for the r c i t of subscrip
eep
tions from
through Wednesday, September 2 . For t i pur­
0
hs
p s , individuals are d
oe
efined a natural persons i t e r own r g t Subscriptions placed in the
s
n hi
ih.
mail by midnight of the r s e t v c o i g d t s addressed t the Treasurer, U. S, Washington
e p c i e lsn ae,
o
.
2 , D. C , or any Federal Reserve Bank or Branch, w l be considered a t m l . The use o
5
.
il
s iey
f
rgs
e i tered mail i recommended for bondholders’protection i submitting bonds t be exchanged.
s
n
o
The new bonds w l be delivered t subscribers on September 2 , 1 6 .
il
o
9 91

AL
L

idvdas
niiul

6 Requirements applicabl t s b cripti
.
e o us
ons:
Subscriptions w l be received a Federal Reserve Banks and Branches and a the O f c of t
il
t
t
fie
he
Treasurer o the United S a e , Washington 2 , D. C Banking i s i u i n generally may submit
f
tts
5
.
ntttos
subscr
iptions f account o customers, provided the names of the customers are s t forth i such
or
f
e
n
sbcitos
usrpin.
7 Denominations and other c a a t r s i s o t 31
.
h r c e i t c f he /2% bonds:
$
500, $ , 0 , $ , 0 , $ 0 0 0 $100,000, and $1,000,000 i coupon and re i t r d forms. They w l
100 500 1,0,
n
gsee
il
be acceptable t secure d p s t of public moneys.
o
eois
8 Nonrecognition o gain or l s for Federal income tax purposes:
.
f
os
()
a
*%%
5%%
— the Secretary of th
e
Treasury has declared pursuant t s c i n 1037(a) of the Internal Revenue Code that no gain
o eto
or l s s a l be recognized f Federal income tax purposes;
os hl
or
s c i n 1031(b) of the Code
eto
requires recognition of any gain r a i e on the exchange t the extent that money (other than
elzd
o
i t r s ) i received by the bondholder i connection with the exchange a indicated in ( )
neet s
n
s
b.
()
b
3%%
— i the
f
f i market value1 o the 31
ar
f
/2% Bonds plus the amount paid t the i vest (discount) exceeds
o
n or
the c s b s s of the 2 % % Bonds t the i v s o , such gain (but not t exceed the amount of the
ot ai
o
netr
o
payment) must be recognized and accounted f a gain fo the taxable year o exchange. He w l
or s
r
f
il
carry the 3 % % Bonds on h s books a the same amount a he i now carrying the 21
i
t
s
s
/o% Bonds
except that he w l reduce the c s b s s by the amount o the payment and incr a e i by t
il
ot ai
f
es t
he
amount of the gain recog
nized. If the f i market value of t 3^2% Bonds plus the amount o
ar
he
f
the payment does not exceed the c s b s s of the 2 % % Bonds, the b s s in the 3 % % Bonds w l
ot ai
ai
il
be the c s b s s in the 2 ^ % Bonds reduced by the amount of the payment.
ot ai
()
c
— i a premium i paid by the subscriber no gain
f
s
or l s w l be recognized; but h s tax b s s in t 3 % % Bonds w l be h s c s b s s in the 2 % %
os i l
i
ai
he
il
i ot ai
Bonds
by the amount of the premium.
( Gain t the extent not recognized under ( ) ( r l s ) i any, upon the 2 % % Bonds sur­
d)
o
b o os, f
rendered in exchange w l be taken i t account upon the d s o i i n o redemption of the 3 % %
il
no
ipsto r
Bonds.

Weet ecagise ot
hr h xhnesol fh
e
ly e
Weet
hr h
e

Bnsfrh Bns
od ot
e od
hwvr
oee,

Bnsa oedyt Tesr wt apyettt ivso
od r fr b h rauy ih amn oh netr
e fe e
e

Weepeimipib t sbcie
hr rmu sad y h usrbr
e
icesd
nrae

9 Federal e t t tax option on the 3^2% Bonds:
.
sae
The 3
Treasury Bonds of 1 8 , 199 and 1998 w l be redeemable a par and accrued i t r s
90
0,
il
t
neet
prior t maturity for the purpose o using the proceeds in payment of Federal e t t taxes
o
f
sae

y%
%
u
olsst a ondbestateseedecedentsetm othe similaradteepncstepr
nyite Accordingly,yt dcdn attoie fh dah optionruo2o%tTreasury
fte r we h of et th which i et n hin the ^nit bt
hy e
e
s
u at
oh ea.
fi f
Bonds o 1965-70 and 1966-71 has accrued a the date o exchange cannot make the exchange,
t
f
with the expectation o using the proceeds of redemption of the 3 % % Bonds prior t maturity i
f
o
n

1 The mean of the bid and asked quotations on date subscriptions are submitted.



3

payment o e t t taxes because such
f sae
hsd a h
i et.

S2 Bonds were not owned by the decedent at the time of
y%

1 . Book value of new bonds t banking i s i u i n :
0
o
ntttos
The Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the
Federal Deposit Insurance Corporation have indicated t the Treasury that banks under t e r
o
hi
supervision may place the new bonds received in exchange on t e r books
hi
( ) a an amount not greater than the amount a which the e i i l bonds
a t
t
lgbe
surrendered by them a carried on t e r books plus the amount of premium,
re
hi
i any, paid on the new bonds; or
f
( ) a the amount a which the e i i l bonds surrendered are carried on t e r
b t
t
lgbe
hi
b oks reduced by the amount of d s o n , i any, received by the s
o ,
icut f
ubscriber
and increased by the amount of g i , i any, which w l be recognized a indi­
an f
il
s
cated i paragraph 8 ( )
n
b.
They w l s a
i l o dvise t e r examiners.
hi
1 . Computation of reinvestment r t for the extension of maturity:
1
ae
A holder of the outstanding e i i l 2 % % Bonds has the option of accepting the Treasury’
lgbe
s
exchange o f r or of holding the bonds t maturity. Consequently, he can compare the i t r s
fe
o
neet
he w l r c i e r s
i l e e v e ulting from exchanging now with t i t r s he might obtain by reinvesting
he n e e t
the proceeds o the 2 % % Bonds a maturity.
f
t
The i t r s income before tax f making the extension now through exchange w l be the coupon
neet
or
il
r t on the new i s e If a holder of the e i i l 2 % % Bonds does
ae
su.
lgbe
make the exchange, he
would r c i e only the 2 % % r t t t e r maturity and would have t rei v s a that time a
eev
ae o hi
o net t
t
a r te equal t that indicated i s c i n 12 below f the remaining term of the i s e now o f r d
a
o
n eto
or
su
fee,
i order t equal the i t r s he would r c i e by accepting the exchange o f r For example,
n
o
neet
eev
fe.
i the 2^>% Bonds of 1965-70 are exchanged for the 3 % % Bonds of 1990, the r t f the e t r
f
a e or
nie
twenty-eight years and f v months w l be 3%%- I the exchange i not made, a 2 % % r t w l
ie
il
f
s
ae il
be received u t l March 1 , 1 70, requiring reinvestment o t proceeds of the 2 % ’ a tha
ni
5 9
f he
s t t
time a a ra e of a l a t 4.36% f the remaining nineteen years and eleven months, a l a
t
t
t es
or
l t
compound i t r s , t average out t a 3 % % r t f twenty-eight years and f v months. This
neet o
o
a e or
ie
minimum reinvestment r t for the extension period i shown i the t b e under s c i n 1 . The
ae
s
n
al
eto 2
minimum reinvestment r t s f the other i s e included in the exchange are a s shown i the
a e or
sus
lo
n
t b e under s c i n 1 .
al
eto 2

nt
o

y%bonds:
2

1 . Investment r t s on the 3 % % bonds o f r d i exchange, t holders o the e i i l 2
2
ae
fee n
o
f
lgbe
E i i l bonds
lgbe
Bonds o f r d i exchange.......
fee n

y%March 15, 1965-70
2
3y
2 3y% 3y%
% 2
2
2

y%March 15, 1966-71
2
3y
2 32 3 % %
% Y%
2

Nov. 1 , Feb. 1 , Nov. 1 , Nov. 1 ,
5
5
5
5
1980
1990
1998
1980
Payments on account of
$100 i s e price:
su
By subscriber ...........
To subscriber ............

$2.25

Feb. 1 ,
5
1990

Nov. 1 ,
5
1998

$1.00

$3.50
$2.00

$0.25

Approximate investment y
ield from
exchange date (9/15/61) t matur­
o
i y of
t
bonds based on p i e o
rc f
e i i l 2y2% bond1 .......... 4.16%
lgbe

4.23%

4.19%

4.15%

4.21%

4.19%

Approximate minimum reinvestment
ra e for the extension period2 ... 4.31%
t

4.36%

4.28%

4.30%

4.36%

4.30%

$1.00

S2
y%

1 Y ie ld to n o n ta x a b le h o ld e r o r b e fo r e ta x . B a se d on m ean o f b id an d ask p rices (a d ju s t e d f o r p a y m en ts on a ccou n t o f
issue p r ic e ) a t n o o n S ep te m b e r 6, 1961.
2 B a te f o r n o n ta x a b le h o ld e r o r b e fo r e ta x . F o r e x p la n a tion see p a ra g ra p h 11 a b ove.




4

U N IT E D STATE S OF A M E R IC A
3> PERCENT TREASURY BONDS OF 1980
/2
D ated O c to b e r 3, 1960, w ith in terest fr o m S ep tem ber 15, 1961

D u e N o v e m b e r 15, 1980

In terest p a y a b le M ay 15 an d N o v e m b e r 15
A D D I T I O N A L IS S U E

19 6 1
D epartm en t C ir c u la r No. 10 6 5

TREASURY DEPARTMENT,
O f f ic e

I.

Secretary,

cent Treasury Bonds o 1 8 . Gain or l s , i any,
f 90
os f
upon the o l g t o s surrendered i exchange w l be
biain
n
il
taken i t account upon the d s o i i n or redemption
no
ipsto
o the new o l g t o s
f
biain.

O F F E R IN G O F B O N D S

1 The Secretary o the Treasury, pursuant t t e
.
f
o h
authority o the Second Liberty Bond Act, a
f
s
amended, i v t s s b
n i e u scriptions from the people o t e
f h
United S a e for bonds o the United S a e , desig­
tts
f
tts
nated 3% percent Treasury Bonds o 1980:
f
( ) At 102.25 percent of t e r f ce value i ex­
1
hi a
n
change f r 2/ percent Treasury Bonds o
o i2
f
1 6 - 0 dated February 1 1 4 , due March
957,
, 94
1 , 1970; o
5
r
( ) At 103.50 percent of t e r face value i ex­
2
hi
n
change f 2 percent Treasury Bonds o
or
f
1966 7 , dated December 1 1 4 , due March
-1
, 94
1, 1 7 .
5 91
The cash payments due from the subscriber on ac­
count o t i s e p i e of the new bonds issued i
f he s u r c s
n
exchange for the 2 percent Treasury bonds due
March 1 , 19 0 and March 1 , 1971 ($22.50 and
5 7,
5
$35.00 per $ , 0 , r s e t v l ) w l be payable by t
100 epciey il
he
subscriber a provided i Section IV h r o . I t r s
s
n
eef neet
w l be adjusted a of September 1 , 1 6 , a s t forth
il
s
5 91 s e
in Section IV h r o . Delivery o the new bonds w l
eef
f
il
be made on September 2 , 1 6 . The amount of t
9 91
he
o f r n under t i c r u a w l be limited t the
feig
hs i c l r il
o
amount of the e i i l s c r t e tendered i exchange
lgbe e uiis
n
and accepted. The books w l be open f the r c i t
il
or
eep
o subscrip
f
tions f t i i s e
or h s s u

I I.

D E S C R IP T IO N O F B O N D S

1
.
The bonds now o f r d w l be an addition t
fee il
o
and w l form a part o the s r e o 3 percent
il
f
eis f
Treasury Bonds o 1980 issued pursuant t Depart­
f
o
ment Circular No. 10 0 dated September 1 , 19 0
5,
2 6,
w l be f e l interchangeable t erewi
il
rey
h
th, and a e
r
i e t c l i a l r s e t therewith except that i t r s
dnia n l epcs
neet
on the bonds t be issued under t i c r u a w l
o
hs ic l r il
accrue from September 1 , 19 1 Subject t the pro­
5 6.
o
v s o for the accrual o i t r s from September 1 ,
iin
f neet
5
1961, on the bonds now o f r d the bonds a de­
fee,
re
scribed i the following quotation from Department
n
Circular No. 1050:
“1 The bonds w l be dated October 3 1 6 ,
.
il
, 90
and w l bear i t r s from that date a the r t o
il
neet
t
ae f
3 percent per annum, payable on a semiannual
b s s on May 15 and November 1 , 1
ai
5 961, and there­
a t r on May 15 and November 15 i each year
fe
n
u t l the principal amount becomes payable. They
ni
w l mature November 1 , 1 8 , and w l not be sub­
il
5 90
il
j c t c l f redemption prior t maturity.
e t o a l or
o
The income derived from the bonds i sub­
s
j c t a ltaxes imposed under the Internal Revenue
et o l
Code of 1 5 . The bonds are subject t e t t , in­
94
o sae
h r t n e g f or other e c s t x s whether Fed­
e i a c , it
xie ae,
e a or S a e but are exempt from a l taxation now
rl
tt,
l
or hereafter imposed on the principal or i t r s
neet
thereof by any S a e or any of the p s e s o s o
tt,
ossin f
the United S a e , or by any l c l taxing a t o i y
tts
oa
uhrt.
“3 The bonds w l be acceptable t secure de­
.
il
o
p s t o public moneys.
ois f
Bearer bonds with i t r s coupons a ­
neet
t
tach d and bonds r t r d a t principal and
e,
egis e e s o
i t r s , w l be issued i denominations o $ 0 ,
neet i l
n
f 50
$ , 0 , $ , 0 , $ 0 0 0 $100,000 and $ , 0 , 0 .
100 500 1,0,
10000
Provision w l be made fo the interchange o bonds
il
r
f
of d f e e t denominations and o coupon and r g s
ifrn
f
ei­
tered bonds, and f the transfer of r g s e e
or
eitrd
bonds, under r l s and r
ue
egulations prescribed by
the Secretary o the Treasury.
f
‘ 5 Any bonds issued hereunder which upon t
‘.
he
death o the owner c n t t t part o h s e t t , w l
f
osiue
f i sae i l
be redeemed a the option o t e duly co s i u e
t
f h
ntttd
repres
entatives of the deceased owner’ e t t , a
s sae t

y
2

y
2

y
2

y
2

rm l pe f b
s
s6,sfoaeimsbcpingaetmmte
c1rdi dpobusrtruhybsbitd
ren,n Ste e 1itoslSaebru,
ia rmdt,r 1fo a ceses5
b
hom l so 1­
1 idvdastruhSpebr2 11urts
9
iog m 0 9 o i
brniiuldasa dfndsaua.Fosi
yps idvulneeteen,rlesnh
pionrh h r ei a t 6pr n
u
t renii
h ow it
e g.
2 In addition t the o f r n under t i c r u a ,
.
o
feig
hs iclr
holders o the e i i l s c r t e are o f r d the p i i
f
lgbe e u i i s
fee
rv­
l g o exchanging a l or any part of such s c r t e
ee f
l
euiis
for 3% percent Treasury Bonds of 1990 (Additional
I s e , or 3 percent Treasury Bonds o 1998 (Addi­
su)
f
t o a I s e which o f r n s are s t forth in Depart­
inl su)
feig
e
ment Circulars Nos. 1066 and 1 7, r s e t v l ,
06
epciey
issued simultaneously with t i c r u a .
hs iclr
3
.
— Pursuant t the provisions o
o
f
s c i n 1037 ( ) o t Internal Revenue Code o 1954
eto
a f he
f
a added by Public Law 86-346 (approved September
s
2 , 1959), t Secretary o the Treasury hereby de­
2
he
f
c a e that no gain or l s s a l be recognized f r
lrs
os h l
o
Federal income tax purposes upon the exchange with
the United S ates o the e i i l s c r t e enumerated
t
f
lgbe e u i i s
i paragraph one o t i s c i n s l l for the
n
f hs e t o oey
pr
e-

y
2

“.
2

“.
4

o ugii
s
cm Nxeroe. ogi olsoFdrli­
oetnponto fan ro fr eea n
arcpssn




of t h e

Wsigo,Spebr1 11
ahntn etme 1 9.
,6

F is c a l Se rv ice
B u re au of the P u b lic Debt

%2
y

5

Treasurer of the United S a e , Washington, D. C
tts
.
Only the Federal Reserve Banks and the Treasury
Department are authorized t a t a o f c a a e c e .
o c s fiil g n i s
Banking i s i u i n generally may submit subscrip­
ntttos
t o s for account of customers provided the names o
in
f
the customers are s t forth in such s b c i t o s
e
usrpin.
2
.
The Secretary of the Treasury res r e the
evs
right t r j c or reduce any s b c i t o , and t a l t
o eet
usrpin
o lo
l s than the amount of bonds applied for; and any
es
a t on he may take in t e e res e t s a l be f n l
ci
hs
p c s hl
ia.
Subject t t e e r s r a i n , a l subscriptions w l be
o hs eevtos l
il
a l t e i f l . Allotment n t c s w l be sent out
l o t d n ul
oie il
promptly upon a l t e t
lomn.

par and accrued i t r s t date of payment,1
neet o
poie:
rvdd
( ) that the bonds were a tually owned by t
a
c
he
decedent a the time of h s death; and
t
i
( ) that the Secretary o the Treasury be au­
b
f
thorized t apply the e t r proceeds of re­
o
nie
demption t the payment of Federal e t t
o
sae
txs
ae.
Registered bonds submitted for redemption here­
under must be duly assigned t ‘
o The Secretary o
f
the Treasury for redemption, the proceeds t be
o
paid t the D s r c Director of Internal Revenue
o
itit
a ........... f c e i on Federal e t t
t
or r d t
sae
taxes due from e t t of............ ’Owing
sae
t the periodic c o i g of the transfer books and the
o
lsn
i p s i i i y of stopping payment of i t r s t t
mosblt
n e e t o he
r gis
e tered owner during the c o e p r o , r g s
lsd eid ei­
tered bonds received a t r the c o i g o the books
fe
lsn f
for payment during such c o e period w l be paid
lsd
il
only a par with a deduction of i t r s from t
t
neet
he
date of payment t the next i t r s payment date;
o
neet
2
bonds received during the c o e period for pay­
lsd
ment a a date a t r the books reopen w l be paid
t
fe
il
a par plus accrued i t r s from the reopening o
t
neet
f
the books t the date of payment. In e t e c s
o
ihr ae
checks for the f l s x months’i t r s due on the
ul i
neet
l s day o the c o e period w l be forwarded t
at
f
lsd
il
o
the owner in due c u s . All bonds submitted must
ore
be accompanied by Form PD 1782,3 properly com­
p e e , signed and c r i i d and by proof of the
ltd
etfe,
representatives’ authority in the form o a court
f
c r i i a e or a c r i i d copy o the r
etfct
etfe
f
epresentatives’
l t e s o appointment issued by the c u t The ce ­
etr f
or.
r
t f c t , or the c r i i a i n t the l t e s must be
iiae
etfcto o
etr,
under the s a of the c u t and except in the c s
el
or,
ae
o a corporate r p e e t t v , must contain a s a e
f
ersnaie
tt­
ment that the appointment i i f l fo c and be
s n ul r e
dated within s x months prior t the submission o
i
o
f
the bonds, u
nless the c r i i a e or l t e s show that
etfct
etr
the appointment was made within one year imme­
d a e y prior t such submission. Upon payment o
itl
o
f
the bonds appropriate memorandum r c i t w l be
e ep il
forwarded t the r p e e t t v s which w l be f l
o
ersnaie,
il
o­
lowed in due course by formal r c i t from th
eep
e
D s r c Director of Internal Revenue.
itit

IV .

PAYM ENT

1 Payment f the face amount o bonds a l t e
.
or
f
lotd
hereunder must be made on or before September 2 ,
9
1 6 , or on l t r al o m n , and may be made only i
91
ae l t e t
n
a l k face amount of the two i s e of bonds enumer­
ie
sus
ated i Section I h r o , which should accompany the
n
eef
sbcito.
usrpin
2 Coupons dated September 1 , 1 61, should be
.
5 9
detached from the 2 percent Treasury Bonds o
f
1965-70 and 1966 7 , by holders and cashed when d e
-1
u.
Coupons dated March 1 , 1 , and a l subsequent
5 962
l
coupons, must be attached t the bonds of 1965-70 and
o
1966-71 i bearer form when surrendered. In the
n
c s o r g s red bonds, i t r s due on September
a e f e i te
neet
1 , 1 6 , w l be paid by check in regular course by
5 91 il
the Treasury.
3 Accrued i t r s from May 15 t September 1 ,
.
neet
o
5
1961 ($11.69837 per $1,000) on the bonds t be
o
issued and the payment ($22.50 per $1,000 f the
or
bonds o 1965-70 and $35.00 per $1,000 f the bonds
f
or
o 1966-71) due t the Treasury on account o t
f
o
f he
i s e p i e o the new bonds (paragraph 1 o Section
su rcs f
f
I hereof) w l be charged s b c i e s The t t l
il
usrbr.
oa
amount of such charges t be paid by s b c i e s
o
usrbr,
$34.19837 per $1,000 i the c s of the bonds o
n
ae
f
19
65-70, and $46.69837 per $1,000 i the c s o t
n
a e f he
bonds of 1 6
9 6-71, should accompany the s b c i t o .
usrpin

y
2

V.

A S S IG N M E N T O F R E G IS T E R E D B O N D S

1 Treasury Bonds of the e i i l i s e i r g s
.
lgbe s u s n e i ­
tered form tendered in payment for bonds o f r d
fee
hereunder should be assigned by the r gistere payees
e
d
“6 The bonds w l be subject t the general or a s g e s t e e f i accordance with the general
.
il
o
sine hro, n
regulations of the Treasury Department, now o
r regulations o the Treasury Department governing
f
hereafter prescr b d governing United S ates assignments f transfer or exchange, in one o t
ie,
t
or
f he
bonds.’
’
forms hereafter s t f r h and t ereafter should be
e ot,
h
surrendered t a Federal Reserve Bank or Branch or
o
t the O f c of the Treasurer of the United S a e ,
o
fie
tts
I I I . S U B S C R IP T IO N A N D A L L O T M E N T
Washington, D. C I the new bonds are desired r g s
. f
ei­
s
n
1
.
Subscriptions w l be received a the Federal tered in the same name a the bonds surrendered i
il
t
exchange, the assignment should be t ‘ The Secretary
o ‘
Reserve Banks and Branches and a the O f c of the
t
fie
of the Treasury for exchange for 3 percent Treas­
ury Bonds of 1980” ; i the new bonds are desired
f
1 A n e x a c t h a lf-y e a r ’ s in te re st is c o m p u te d f o r each fu ll h a lfreg s e e i another name, the assignment should be
itrd n
y ea r p e r io d irre s p e ctiv e o f the a ctu a l n u m b er o f d ay s in the h a lf
t ‘ The Secretary of the Treasury f exchange f r
o ‘
or
o
y ear. F o r a fr a c t io n a l p a r t o f a n y h a lf y e a r, co m p u ta tio n is on
the b a sis o f th e a ctu a l n u m b er o f d a y s in such h a lf y ear.
3 percent Treasury Bonds of 1980 i the name o
n
f
2 T h e tr a n s fe r b o o k s are c lo se d fr o m A p r il 16 to M a y 15, an d
........... ’ ;i new bonds i coupon form a e
’ f
n
r
fr o m O c to b e r 16 to N o v e m b e r 15 (b o th d ates in c lu s iv e ) in
d s r d the assignment should be t “The Secretary
eie,
o
each y ear.
of the Treasury f exchange f r 3 percent Treasury
or
o
3 C op ies o f F o rm P D 1782 m ay b e o b ta in e d fr o m an y F e d e ra l
Bonds o 1980 i coupon form t be delive
f
n
o
red t
o
R eserve B a n k o r fr o m the T re a su ry D e p a rtm e n t, W a sh in g ton ,

y
2

y
2

y
2

D . C.




6

may i s e interim r c i t pending d livery of the
su
eeps
e
d f n t v bonds.
eiiie
1
.
As f s a agents of the United S a e , Federal
icl
tts
2
.
The Secretary of the Treasury may a any t m ,
t
ie
Reserve Banks a authorized and requested t re­
re
o
o ie
c i e s b c i t o s t make allotments on the b s s or from time t t m , prescribe supplemental or
ev usrpin, o
ai
ue
he f e ­
and up t the amounts indicated by the Secretary o
o
f amendatory r l s and regulations governing t o f r
n,
il
o
the Treasury t the Federal Reserve Banks of t
o
he i g which w l be communicated promptly t the
r s e t v D s r c s t i s e allotment n t c s t re­ Federal Reserve Banks.
e p c i e itit, o su
oie, o
c i e payment f r bonds a l t e , t make delivery o
ev
o
lotd o
f
H E N R Y H. FOWLER,
bonds on f l - a d subscript
ulpi
ions a l t e , and they
lotd
VI. GENERAL PROVISIONS

AtnSceayfhTesr.
cigertrot rauy
e

UNITED STATES OF AMERICA
3'A PERCENT TREASURY BONDS OF 1990
D ated F eb ru a ry 14, 1958, w ith interest fr o m S e p te m b e r 15, 1961

D u e F eb ru a ry 1 5 ,199 0

In terest p a y a b le F eb ru a ry 15 an d A u g u st 15
A D D I T I O N A L ISS U E

19 6 1
D epartm en t C ir c u la r N o. 1066

TREASURY DEPARTMENT,
O f f ic e

of t h e

S ecretary,

Wsigo,Spebr1 11
ahntn etme 1 9.
,6
Sfndentrl.snh proeidvdasa
etms 0 9prr i ur w it
,
s e g.
dpebr2ua1Fositisnrhul r
eiea a 16eo tnhpo nii e
The Secretary of the Treasury, pursuant t t
o he

F is c a l S e rv ice
B u re au of the P u b lic D ebt
I.

O F F E R IN G O F B O N D S

1
.
authority of the Second Liberty Bond Act, a
s
amended, i v t s subscr
nie
iptions from the people o t
f he
United St
ates for bonds o the United S a e , d
f
t t s esig­
nated 3 2 percent Treasury Bonds o 1990:
f
( ) At 99.00 percent of t e r face value i ex­
1
hi
n
change f 2 percent Treasury Bonds o
or
f
1965 7 , dated February 1 1
-0
, 944, due March
1 , 1 . The cash payment due t the sub­
5 970
o
s r b r on account of the i s e p i e o t
cie
s u r c f he
new bonds issued in exchange for the 2%
percent Treasury bonds due March 1 , 1970
5
($10.00 per $1,000) w l be payable t t
il
o he
s
ubscriber a provided i Section IV hereof;
s
n
or
( ) At 100.25 percent of t e r fa e value i ex­
2
hi c
n
change for 2 percent Treasury Bonds o
f
1966 7 , dated December 1 19 4 due March
-1
, 4,
1 , 1 7 . The cash payment due from t
5 91
he
s
ubscriber on account o the i s e p i e o
f
su rc f
the new bonds i
ssued i exchange f the
n
or
2% percent Treasury bonds due March 1 ,
5
1971 ( 2 5 per $1,000) w l be payable by
$.0
il
the subscriber as provided i Section IV
n
hro.
eef
Inte e t w l be adjusted a o September 1 , 1 6 , a
rs il
s f
5 91 s
s t forth in Section IV h r o . Delivery of the new
e
eef
bonds w l be made on September 2 , 1
il
9 961. The
amount of the o f r n under t i c r u a w l be
feig
hs ic l r il
limited t the amount of the e i i l s c r t e ten­
o
lgbe e uiis
dered in exchange and a e t d The books w l be
cc p e .
il
open for the r c i t of subsc
eep
riptions for t i i s e
hs su

2 In addition t the o f r n under t i c r u a ,
.
o
feig
hs iclr
holders o the e i i l s c r t e are o f r d t p i i
f
lgbe eu i i s
f e e he r v ­
l g of exchanging a l or any part of such s c r t e
ee
l
euiis
f r 3 percent Treasury Bonds of 1980 (Additional
o
I s e , or 3% percent Treasury Bonds of 1998 (Addi­
su)
t o a I s e which o f r n s are s t forth in Depart­
inl su)
feig
e
ment Circulars Nos. 1065 and 10 7 r s e t v l ,
6, epciey
issued simultaneously with t i c r u a .
hs iclr
3
.
— Pursuant t t provisions o
o he
f
s c i n 1037 ( ) of the Internal Revenue Code o 1954
eto
a
f
a added by Public Law 86-346 (approved Sep­
s
tember 2 , 1959), the Secretary o the Treasury
2
f
hereby decl r s that no gain or l s s a l be recog­
ae
os h l
nized for Federal income tax purposes upon th
e
exchange with the United S ates o the e i i l s c r ­
t
f
lgbe e u i
t e enumerated in paragraph one o t i s c i n s l l
is
f hs e t o oey
f the
or
percent Treasury Bonds o 1 9 . Section
f 90
1031(b) o the Code, however, re
f
quires recognition o
f
any gain r a i e on the exchange t the extent that
elzd
o
money i received by the bond holder i connection
s
n
with the exchange. To the extent not recognized a
t
the time o the exchange, gain or l s , i any, upon t
f
os f
he
o l g t o s surrendered i exchange w l be taken
biain
n
il
i t account upon the d s o i i n or redemption o
no
ipsto
f
the new o l g t o s
biain.

y
%

y
<
,

y
2

o ugii
s
­
cm txeroe. ogi olsoFdrli
oeNnponto fan ro fr eea n
arcpssn

y
2

32
y

II .

1
.
The bonds now o f r d w l be an addition t and
fee il
o
w l form a part of t s r e o 3 percent Treasury
il
he e i s f
Bonds of 1990 issued pursuant t Department Circu­
o
l r Nos. 1005 and 1 5 , dated February 3 1 5 , and
as
01
, 98
September 1 , 1
2 960, r s e t v l , w l be f e l i t r
epciey il
rey ne­
changeable therewith, and are i e t c l i a l r s e t
dnia n l epcs
therewith except that i t r s on the bonds t be
neet
o

y
2

fruhSpsbr1bciesdo Sdenr1
roglesso ssrbaf mapib u­
a le e u16 rn dtoe 1
ae , 9
et
totlctmesbit1rn,iiulm,sb
hmismybf5te,yidvdastruh
si o a um db ni i hog
cp n
r



D E S C R IP T IO N O F B O N D S

7

bonds r c
e eived during t e c o e period f r pay­
h lsd
o
ment a a date a t r t e books reopen w l be paid
t
fe h
il
a par plus accrued i t r s from the reopening o
t
neet
f
the books t the date of payment. In e t e c s
o
ihr ae
checks f r t e f l s x months’i t r s due on t e
o h ul i
neet
h
l s day o the c o e period w l be forwarded t
at
f
lsd
il
o
th owner i due c u s . All bonds submitted must
e
n
ore
be accompanied by Form PD 1782,3 properly com­
p e e , signed and c r i i d and by proof o t e
ltd
etfe,
f h
representatives’ authority i t form o a c
n he
f
ourt
c r i i a e o a c r i i d copy o t e representatives’
etfct r etfe
f h
l t e s o appointment i s e by the c u t The
etr f
sud
or.
c r i i a e o the c r i i a i n t t e l t e s must be
etfct, r
e t f c t o o h etr,
under t e s a o t e c u t and except i t e c s
h el f h or,
n h ae
o a corporate r p e e t t v , must contain a
f
ersnaie
statement that t e appointment i i f l f r e and
h
s n ul o c
be dated within s x months prior t the submission
i
o
o t e bonds, u l the c r i i a e or l t e s show
f h
n ess
etfct
etr
that t e appointment was made within one year
h
immediately pr o t such submission. Upon pay­
ir o
ment o the bonds appropriate memorandum re­
f
c i t w l be forwarded t the r p e e t t v s
ep il
o
ersnaie,
which w l be followed i due course by formal
il
n
r c i t from t e D s r c Director o Internal
eep
h itit
f
Revenue.
“6 The bonds w l be s b e t t t e general
.
il
ujc o h
r g l t o s o t e Treasury Department, now o
euain f h
r
her a t r p e c i e , governing United S a e
efe
rsrbd
tts
bonds.”

i sue under t i c r u a w l accrue from September
s d
hs i c l r il
1 , 1 6 . Subject t the provision f r the accrual o
5 91
o
o
f
i t r s from September 1 , 1 6 , on the bonds now
neet
5 91
o f r d the bonds are described i the following quo­
fee,
n
t t o from Department Circular No. 1005:
ain
“1 The bonds w l be dated February 1 , 1 5 ,
.
il
4 98
and w l bear i t r s from that date a the r t o
il
neet
t
ae f
31/2 percent per annum, payable on a semiannual
b s s on August 1 , 19 8 and t a t r on Feb­
ai
5 5,
here f e
ruary 15 and August 15 i each year u t l the prin­
n
ni
c p l amount becomes payable. They w l mature
ia
il
February 1 , 19 0 and w l not be subjec t c l
5 9,
il
t o al
for redemption prior t maturity.
o
“2 The income derived from the bonds i sub­
.
s
j c t a ltaxes imposed under the Internal Revenue
et o l
Code of 19 4 The bonds are subject t e t t , in­
5.
o sae
h r t n e g f o other e c s t x s whether Fed­
e i a c , it r
xie ae,
e a or S a e but a exempt from a l taxation now
rl
tt,
re
l
or hereafter imposed on the principal o i t r s
r neet
thereof by any S a e or any o the p s e s o s o
tt,
f
ossin f
the United S a e , or by any l c l taxing a t o i y
tts
oa
uhrt.
“3 The bonds w l be acceptable t secure de­
.
il
o
p s t of public moneys.
ois
“4 Bearer bonds with i t r s coupons at­
.
neet
t
ached, and bonds r g s d a t principal and
e i tere s o
i t r s , w l be issued i denominations o $
neet i l
n
f 500,
$ , 0 , $ , 0 , $ 0 0 0 $100,000 and $ , 0 , 0 .
100 500 1,0,
10000
Provision w l be made f the interchange o bonds
il
or
f
of d f e e t denominations and o coupon and r g s
ifrn
f
ei­
tered bonds, and fo the transfer of r g s e e
r
eitrd
bonds, under r l s and regulations prescribed by
ue
the Secretary of the Treasury.
‘ 5 Any bonds issued hereunder which upon t
‘.
he
death o the owner c n t t t part o h s e t t , w l
f
osiue
f i sae i l
be redeemed a the option o t duly con
t
f he
stituted
representative of the deceased owner’ e t t , a
s
s sae t
par and accrued i t r s t date of payment,1
neet o

III.

1 Subscriptions w l be received a the Federal
.
il
t
Reserve Banks and Branches and a the o f c o t e
t
fie f h
Treasurer o t e United S a e , Washington, D. C
f h
tts
.
Only t e Federal Reserve Banks and t e Treasury
h
h
Department a e authorized t a t a of c a a e c e .
r
o c s fiil g n i s
Banking i s i u i n generally may submit subscrip­
ntttos
t o s f r account o customers provided t e names o
in o
f
h
f
t e customers a e s t forth i such s b c i t o s
h
r e
n
usrpin.
2 The Secretary o the Treasury r s r e t e
.
f
eevs h
r g t t r j c or reduce any s b c i t o , and t a l t
ih o eet
usrpin
o lo
l s than t e amount o bonds applied f r and any
es
h
f
o;
a t o he may take i t e e r s e t s a l be fn l
cin
n h s e p c s hl
ia.
Subject t t e e r s r a i n , a l s b c i t o s w l be
o hs eevtos l u s r p i n il
a l t e i f l . Allotment n t c s w l be s n out
l o t d n ul
oie il
et
promptly upon a l t e t
lomn.

poie:
rvdd

( ) that the bonds were actually owned by the
a
decedent a the time of h s death; and
t
i
( ) that the Secretary o the Treasury be au­
b
f
thorized t apply the e t r proceeds o re­
o
nie
f
demption t the payment of Federal e t t
o
sae
txs
ae.
Registered bonds submitted f r redemption here­
o
under must be duly assigned t ‘
o The Secretary o
f
the Treasury f redemption, the proceeds t be
or
o
paid t the D s r c Director of Internal Revenue
o
itit
a ........... for c e i on Federal e t t
t
rdt
sae
taxes due from e t t of............’Owing
sae
t the p r o i c o i g o the tr n f r books and t e
o
eidc lsn f
ase
h
i p s i i i y o stopping payment o i t r s t t e
mosblt f
f neet o h
r g s e e owner during the c o e p r o , r g s
eitrd
lsd eid ei­
tered bonds received a t r the c o i g o t e books
fe
lsn f h
f r payment during such c o e period w l be paid
o
lsd
il
only a par with a deduction o i t r s from t e
t
f neet
h
date o payment t the next i t r s payment date ;
f
o
neet
2

IV .

PAYM ENT

1 Payment f r the f c amount o bonds a l t e
.
o
ae
f
lotd
hereunder must be made on o before September 2 ,
r
9
1 6 , or on l t r a l t e t and may be made only i
91
ae l o m n ,
n
a l k f c amount o the two i s e o bonds enumer­
ie a e
f
sus f
ated i Section I h r o , which should accompany t e
n
eef
h
sbcito.
usrpin
2 Coupons dated September 1 , 1 6 , should be
.
5 91
detached from the 2 percent Treasury Bonds o
f
1965-70 and 1966-71 by holders and cashed when d e
u.
Coupons dated March 1 , 1 6 , and a l subsequent
5 92
l
coupons, must be attached t t e bonds o 1965-70 and
o h
f

1 A n e x a ct h a lf-y e a r ’ s in terest is co m p u ted f o r each fu ll h a lfy ea r p e rio d irre s p e ctiv e o f the a ctu a l nu m ber o f days in the h a lf
y ear. F o r a fr a c t io n a l p a r t o f a n y h a lf y ear, com p u ta tio n is on
th e ba sis o f the a ctu al nu m ber o f days in such h a lf year.

3
C opies o f F o rm P D 1782 m ay be ob ta in ed fr o m an y F ederal
R eserve B an k or fr o m the T rea su ry D ep artm en t, W ash in g ton ,
D . C.

2 T h e tra n s fe r b o o k s are closed fr o m J a n u a ry 16 to F e b ru a ry
15, an d fr o m J u ly 16 to A u g u s t 15 (b o th dates in clu s iv e ) in
each year.




S U B S C R IP T IO N A N D A L L O T M E N T

8

1966-71 i bearer form when surrendered. In t c s
n
he a e
of re i t r d bonds, i t r s due on September 1 ,
gsee
neet
5
1 6 , w l be paid by check i regular course by t e
9 1 il
n
h
Treasury.
3
.
Accrued i t r s from August 15 t September
neet
o
1 , 1961 ($2.94837 per $1,000) on the bonds t be
5
o
i
ssued w l be charged s b c i e s In th c s o t
il
usrbr.
e a e f he
2 percent Bonds o 1965 7 , the accrued i t r s
f
-0
neet
w l be deducted from th payment ($10.00 per
il
e
$1,000) due t the subscriber on account o the i s e
o
f
su
pr c o the new Bonds (paragraph 1(1) of Section I
ie f
h reof), and the d f e e c ($7.05163 per $1,000) w l
e
ifrne
il
be paid t s b c i e s Payments t s b
o usrbr.
o u scriber w l
s il
be made i the c s o bearer bonds following t e r
n
ae f
hi
acceptance and i the c s o r g s e e bonds follow­
n
ae f eitrd
ing discharge o r g s r t o . In t c s o r g s e e
f eitain
he a e f e i t r d
bonds, the payment w l be made by check drawn i
il
n
accordance with the assignments on the bonds sur­
rendered, or by c e i i any account maintained by
rdt n
a banking i s i u i n with the Federal Reserve Bank
nttto
o i s D s r c . In the c s o the 2 percent bonds
f t itit
ae f
of 1 6 7 , a cash payment of $5.44837 per $1,000
96 - 1
should be made by the subscriber when the subscrip­
t o i tendered, which i the t t l of the accrued
in s
s
oa
i t r s ($2.94837 per $1,000) and the payment
neet
($ . 0 per $1,000) due t the Treasury on account
25
o
o the i s e p
f
s u rice of the new bonds (paragraph 1 ( )
.2
o Section I her o )
f
ef.

y
2

forms hereafter s t f r h and t erea
e ot,
h fter should be
surrendered t a Federal Reserve Bank or Branch o
o
r
t the O f c o the Treasurer of the United S a e ,
o
fie f
tts
Washington, D. C I the new bonds ar desi e
. f
e
rd
r g s d i the same name a the bonds surrendered
e i tere n
s
in exchange, the assignment should be t “The Sec­
o
retary o the Treasury f exchange f r
f
or
o
percent
Treasury Bonds o 1990” ; i the new bonds are
f
f
desired reg s e e i another name, the assignment
itrd n
should be t “The Secretary of the Treasury f r
o
o
exchange f r 3% percent Treasury Bonds o 1990 i
o
f
n
’; f
n
the name of......... ’ i new bonds i coupon
form are d s r d the assignment should be t “The
eie,
o
Secretary o the Treasury f exchange f 3 per­
f
or
or
cent Treasury Bonds o 1990 in coupon form t be
f
o
delivered t ...........
o

32
y

y
2

V I.

G E N E R A L P R O V IS IO N S

1 As f s a agents of the United S a e , Federal
.
icl
tts
Reserve Banks are authorized and requested t r c i e
o eev
s b c i t o s t make allotments on the b s s and up
usrpin, o
ai
t the amounts indicated by the Secretary o t e
o
f h
Treasury t the Federal Reserve Banks of t respec­
o
he
t v D s r c s t i s e allotment n t c s t r c i e
ie itit, o su
oie, o e e v
payment fo bonds a l t e , t make de
r
lotd o
livery o bonds
f
on f l - a d subscript
ulpi
ions a l t e , and they may
lotd
i s e interim r c i t pending delivery o the d f n ­
su
eeps
f
eii
t v bonds.
ie
2 The Secretary of the Treasury may a any t m ,
.
t
ie
V . A S S IG N M E N T O F R E G IS T E R E D B O N D S
o from time t t m , prescr
r
o ie
ibe supplemental o
r
ue
ns
fe­
1
.
Treasury Bonds of the e i i l i s e in r g s amendatory r l s and regulatio governing the o f r
lgbe s u s
ei­
n,
il
o he
tered form tendered i payment f bonds o f r d i g which w l be communicated promptly t t
n
or
fee
Federal Reserve Banks.
hereunder should be assigned by the r g s e e payees
eitrd
or a s g e s t e e f i accordance with the general
sine hro, n
regulations o the Treasury Department governing
f
H E N R Y H. FOWLER,
assignments f transfer or exchange, i one o t
or
n
f he

y
2

AtnSceayfhTesr.
cigertrot rauy
e

UNITED STATES OF AMERICA
3V2 PERCENT TREASURY BONDS OF 1998
D ated O c to b e r 3, 1960, w ith interest fr o m S ep tem b er 15, 1961

D u e N o v e m b e r 15 ,199 8

Interest p a y a b le M ay 15 an d N o v e m b e r 15
A D D I T I O N A L ISS U E

19 6 1
D epartm en t C ir c u la r N o. 10 6 7

TREASURY DEPARTMENT,
O f f ic e

F is c a l Se rv ice
B u re a u of the P u b lic D ebt
I.

O F F E R IN G O F B O N D S

1
.
The Secretary o the Treasury, pursuant t t
f
o he
authority o the Second Liberty Bond Act, a
f
s
amended, i v t s subscr
nie
iptions from the people of the
United S a e fo bonds o the United S a e , desig­
tts r
f
tts
nated 3 percent Treasury Bonds o 1998:
f
( ) At 98.00 percent o t e r f ce value i ex­
1
f hi a
n
change f 2 percent Treasury Bonds o
or
f
1 65- dated February 1 1944, due March
9 70,
,
1 , 1970; or
5

y
2




y
2

9

of t h e

Secretary,

Wsigo,Spebr1 11
ahntn etme 1 9.
,6
( ) At 99.00 percent of t e r fa e value i ex­
2
hi
c
n
change fo 2y percent Treasury Bonds o
r 2
f
1 - 1 dated December 1 1 4 , due March
966 7 ,
, 94
1, 1 7 .
5 91
The cash payments due t the su
o
bscriber on account
of the i s e p i e of the new bonds i sued in ex­
su rcs
s
change f the 2 percent Treasury Bonds due
or
March 1 , 1
5 970, and March 1 , 1971 (
5
$20.00 and
$ 0 0 , r s e t v l ) w l be payable t the sub­
1.0 epciey il
o
s r b r a provided i Section IY h r o . I t r s w l
cie s
n
eef n eet il

y
2

be adjusted a of September 1 , 19 1 a s t forth i
s
5 6, s e
n
Section IV h r o . Delivery of the new bonds w l be
eef
il
made on September 2 , 1 6 . The amount of the
9 91
o f r n under t i c r u a w l be limited t t
feig
hs iclr il
o he
amount of the e i i l s c r t e tendered in exchange
lgbe euiis
and accept The books w l be open for the r c i t
ed.
il
eep
o subscriptions f t i i s e
f
or h s s u

rm l peo b
s6,sfoaeimsbcitoshybsbitd
c1rdrmSpobr1pingaesmmte
ren,ndte esrtrulSaebru­
ia i dt,u 1fo a ceues5
b
hom ltsf1
1 idvdastruhSpebr2 11Frt,
9
i g tm 0 6
brniiuldaoa dfndsau9.rosi
yps idvulneeieentrlsonh
s
pionrh hsr e a ,ap s i
urenii
ow it
e n
t
h
e g.
2 In additiongtb ethe ufieiisg undereteis circular,
.
o
ofrn
h
holders of the e i i l s c r t e are o f r d the privi
l
e
f
­
l g o exchanging a l or any part of such s c r t e
ee f
l
euiis
f 3y percent Treasury Bonds of 1980 (Additional
or 2
I s e , or 3^ percent Treasury Bonds of 1990
su)

(Additional I s e which o f r n s are s t forth i
su)
feig
e
n
Department Circulars Nos. 1065 and 1 6 , respec­
06
t v l , issued simultaneously with t i c r u a .
iey
hs iclr
3
.
— Pursuant t the provisions o
o
f
s c i n 1037 ( ) of the Internal Revenue Code of 1954
eto
a
a added by Public Law 86-346 (approved September
s
2 , 1959), the Secretary of the Treasury hereby de­
2
c a e that no gain or l s s a l be recognized f Fed­
lrs
os h l
or
e a income tax purposes upon the exchange with the
rl
United S ates o the e i i l s c r t e enumerated i
t
f
lgbe eu i i s
n
paragraph one of t i s c i n s l l for the 3 per­
hs eto oey
cent Treasury Bonds o 1
f 998. Section 1031(b) of the
Code, however, requires recognition of any gain re­
a i e on the exchange t the extent that money i
lzd
o
s
received by the bond holder in connection with the
exchange. To the extent not recognized a the time o
t
f
the exchange, gain or l s ,i any, upon the o l g t o s
os f
biain
surrendered i exchange w l be taken i t account
n
il
no
upon the d s o i i n or redemption o the new o l ­
ipsto
f
bi
gtos
ain.

e a or S a e but are exempt from a l taxation now
rl
tt,
l
or hereafter imposed on the principal or i t r s
neet
thereof by any S a e or any of the po s s i n o
tt,
sesos f
the United S a e , or by any l c l taxing a t o i y
tts
oa
uhrt.
“3 The bonds w l be acceptable t secure de­
.
il
o
p s t o public moneys.
ois f
“4 Bearer bonds with i t r s coupons at­
.
neet
tach d and bonds r stered a t principal and
e,
egi
s o
i t r s , w l be i
neet i l
ssued i denominations of $
n
500,
$ , 0 , $ , 0 , $ 0 0 0 $100,000 and $ , 0 , 0 .
100 500 1,0,
10000
Provision w l be made for the interchange of bonds
il
of d f e e t denominations and of coupon and r g s
ifrn
ei­
tered bonds, and f the transfer of r g s e e
or
eitrd
bonds, under r l s and regulations prescribed by
ue
the Secretary of the Treasury.
‘ 5 Any bonds issued hereunder which upon t
.
he
death of the owner c n t t t part of h s e t t , w l
osiue
i sae i l
be redeemed a the option of the duly constitu
t
ted
represe
ntatives of the deceased owner’ e t t , a
s sae t
par and accrued i t r s t date of payment,1
neet o

‘

o ugii
s
cm txeroe. ogi olsoFdrli­ poie: the bonds were actually owned by the
oeNnponto fan ro fr eea n rvdd
arcpssn
( ) that
a
y
2

II.

D E S C R IP T IO N O F B O N D S

1
.
The bonds now o f r d w l be an addition t
fee il
o
and w l form a part of the s r e of 3 percent
il
eis
Treasury Bonds of 1998 issued pursuant t Depart­
o
ment Circular No. 10 2 dated September 1 , 1 6 ,
5,
2 90
w l be f e l interchangeable therewi
il
rey
th, and a e
r
i e t c l in a l res e t therewith except that i t r s
dnia
l
pcs
neet
on the bonds t be issued under t i c r u a w l
o
hs iclr il
accrue from September 1 , 1
5 961. Subject t the pro­
o
v s o for the accrual of i t r s from September 1 ,
iin
neet
5
1
961, on the bonds now o f r d the bonds are de­
fee,
scribed in the following quotation from Department
Circular No. 1052:
“1 The bonds w l be dated October 3 1960
.
il
,
and w l bear i t r s from that date a the ra e of
il
neet
t
t
3 percent per annum, payable on a semiannual
b s s on May 15 and November 1 , 1961, and there­
ai
5
a t r on May 15 and November 15 in each year
fe
u t l the principal amount becomes payable. They
ni
w l mature November 1 , 1 9 , and w l not be sub­
il
5 98
il
j c t c l for redemption prior t maturity.
e t o al
o
The income derived from the bonds i sub­
s
j c t a ltaxes imposed under the Internal Revenue
et o l
Code of 1954. The bonds are subject t e t t , in­
o sae
h r t n e g f or other e c s t x s whether Fed­
eiac, it
xie ae,

y
2

y
2

“.
2




10

decedent a the time o h s death;and
t
f i
( ) that the Secretary of the Treasury be au­
b
thorized t apply the e t r proceeds of re­
o
nie
demption t the payment of Federal e t t
o
sae
txs
ae.
Registered bonds submitted f redemption here­
or
under must be duly assigned t ‘
o The Secretary o
f
the Treasury for redemption, the proceeds t be
o
paid t the D s r c Director of Internal Revenue
o
itit
a ........... for c e i on Federal e t t
t
rdt
sae
taxes due from e t t of............ ’Owing
sae
t t periodic c o i g of the transfer books and the
o he
lsn
i p s i i i y of stopping payment o i t r s t the
mosblt
f neet o
re i t r d owner during the c o e p r o , r g s
gsee
lsd eid ei­
tered bonds received a t r the c o i g of the books
fe
lsn
for payment during such c o e period w l be paid
lsd
il
only a par with a deduction of i t r s from th
t
neet
e
date of payment t the next i t r s payment date ;
o
neet
2
bonds received during the c o e period f pay­
lsd
or
ment a a date a t r the books reopen w l be paid
t
fe
il
a par plus accrued i t r s from the reopening o
t
neet
f
the books t the date of payment. In e t e c s
o
ihr ae
checks f the f l s x months’i t r s due on t e
or
ul i
neet
h
l s day of the c o e period w l be forwarded t
at
lsd
il
o
the owner i due c u s . All bonds submitted must
n
ore
be accompanied by Form PD 1782,3 properly com­
p e e , signed and c r i i d and by proof o the
ltd
etfe,
f
representatives’ authority i the form of a court
n
c r i i a e or a c r i i d copy of the representatives’
etfct
etfe
l t e s of appointment issued by the c u t The c r
etr
or.
e­
t f c t , or the c r i i a i n t the l t e s must be
iiae
etfcto o
etr,
under the s a of the c u t and except in the c s
el
or,
ae
1 A n ex a ct h a lf-y e a r ’ s in terest is c o m p u ted f o r each fu ll h a lfy e a r p e rio d ir res p ectiv e o f the a c tu a l n u m b er o f d a y s in the h a lf
year. F o r a fr a c t io n a l p a r t o f a n y h a lf y ea r, co m p u ta tio n is on
the ba sis o f the a ctu a l n u m b er o f d ay s in such h a lf year.
2 T h e tra n s fe r b o o k s are c losed fr o m A p r il 16 to M a y 15, an d
fr o m O cto b e r 16 to N o v e m b e r 15 (b o th d ates in c lu s iv e ) in
each year.
3 C op ies o f F o rm P D 1782 m a y b e ob ta in e d fr o m a n y F e d e r a l
R eserve B a n k or fr o m th e T rea su ry D ep a rtm en t, W a sh in g ton ,
D . C.

o a corporate r p e e t t v , must contain a s a e
f
ersnaie
tt­
ment that the appointment i i f l f r e and be
s n ul o c
dated within s x months prior t the submission o
i
o
f
the bonds, u l the c r i i a e or l t e s show tha
n ess
etfct
etr
t
the appointment was made within one year imme­
daeyp
i t l rior t such submission. Upon payment o
o
f
the bonds appropriate memorandum r c i t w l be
eep il
forwarded t the r p e e t t v s which w l be f l
o
ersnaie,
il
o­
lowed i due course by formal r c i t from th
n
eep
e
D s r c Director of Internal Revenue.
itit
“ 6. The bonds w l be subject t the general
il
o
regulations o the Treasury Department, now o
f
r
hereafter p e c i e , governing United S a e
rsrbd
tts
bonds.”
III.

the c s o bearer bonds following t e r acceptance
ae f
hi
and i the c s of re i t r d bonds following d s
n
ae
gsee
i­
charge o r g s r t o . In the c s o r g s e e bonds,
f eitain
ae f eitrd
the payment w l be made by check drawn i accord­
il
n
ance with the assignments on the bonds surrendered,
or by c e i i any account maintained by a banking
rdt n
i s i u i n with the Federal Reserve Bank o i s Dis­
nttto
f t
t i t In the c s o the 2 percent Treasury Bonds
rc.
ae f
o 1 66
f 9 -71, a cash payment of $1.69837 per $1,000
should be made by the subscriber when the subscrip­
t o i tendered, which i the d f e e c between t
in s
s
ifrne
he
accrued i t r s ($11.69837 per $1,000) charged t
neet
o
the subscriber and the payment ($10.00 per $1 , )
000
credited t the sub
o
scriber on account o the i s e p i e
f
su rc
of the new bonds (paragraph 1 of Section I h r o )
eef.

y
2

S U B S C R IP T IO N A N D A L L O T M E N T

V.

1 Subscriptions w l be received a the Federal
.
il
t
Reserve Banks and Branches and a the O f c o t
t
f i e f he
Treasurer o the United S a e , Washington, D. C
f
tts
.
Only the Federal Reserve Banks and the Treasury
Department a authorized t a t a o f c a a e c e .
re
o c s fiil g n i s
Banking i s i u i n generally may submit subscrip­
ntttos
t o s f account o customers provided the names o
i n or
f
f
the customers are s t forth i such s b c i t o s
e
n
usrpin.
2 The Secretary o the Treasury r s r e t
.
f
e e v s he
right t r j c or reduce any s b c i t o , and t a l t
o eet
usrpin
o lo
l s than the amount of bonds applied f r and any
es
o;
ac io he may take i t e e r s e t s a l be f n l
t n
n hs e p c s hl
ia.
Subject t t e e r s r a i n , a l subscriptions w l be
o hs eevtos l
il
a l t e i f l . Allotment n t c s w l be s n out
l o t d n ul
oie il
et
promptly upon a l t e t
lomn.
IV .

1
.
Treasury Bonds o the e i i l i s e i r g s
f
lgbe s u s n e i ­
tered form tendered i payment f bonds o f r d
n
or
fee
hereunder should be assigned by the r g s e e payees
eitrd
or a s g e s t e e f i accordance with the general
sine hro, n
regulations of the Treasury Department governing
assignments f r tr
o ansfer or exchange, i one o t
n
f he
forms hereafter s t f r h and t ereaft should be
e ot,
h
er
surrendered t a Federal Reserve Bank or Branch o
o
r
t the O f c o the Treasurer o the United S a e ,
o
fie f
f
tts
Washington, D. C I the new bonds a desired r g s
. f
re
ei­
tered in the same name a the bonds surrendered i
s
n
exchange, the assignment should be t “ The Secretary
o
o the Treasury f r exchange f r 3 percent Treas­
f
o
o
ury Bonds o 1998” ; i the new bonds a desired
f
f
re
reg s e e i another name, the assignment should be
itrd n
t “The Secretary o the Treasury f r exchange f r
o
f
o
o
3 percent Treasury Bonds o 1998 i the name o
f
n
f
........... ” ;i new bonds i coupon form a
f
n
re
d s r d the assignment should be t “The Secretary
eie,
o
o the Treasury f exchange f r 3 percent Treas­
f
or
o
ury Bonds o 1998 i coupon form t be delivered t
f
n
o
o

x
/
2

y
2

PAYM ENT

1 Payment for the fa e amount o bonds a l t e
.
c
f
lotd
hereunder must be made on or before September 2 ,
9
19 1 or on l t r a l t e t and may be made only i
6,
ae l o mn,
n
a l k fa e amount of the two i s e o bonds enumer­
ie c
sus f
ated i Section I h r o , which should accompany t e
n
eef
h
sbcito.
usrpin

y
2

V I.

2. Coupons dated September 15 1961, should be
,
detached from the 2 percent Treasury Bonds o
f
1965-70 and 1966-71 by holders and cashed when d e
u.
Coupons dated March 1 , 1 6 , and a l subsequent
5 92
l
coupons, must be attached t the bonds o 1965-70 and
o
f
1966-71 i bearer form when surrendered. In t
n
he
c s of r g s e e bonds, i t r s due on September
ae
eitrd
neet
1 , 19 1 w l be paid by check i regular course by
5 6 , il
n
the Treasury.
3 Accrued i t r s from May 15 t September 1 ,
.
neet
o
5
1961 ($11.69837 per $1,000) on the bonds t be
o
issued w l be charged s b c i e s In the c s of t
il
usrbr.
ae
he
2 percent bonds o 196 - 0 t accrued i t r s w l
f 5 7 , he
neet il
be deducted from the payment ($20.00 per $1 , )
000
due t the subscriber on account of the i s e p e o
o
s u ric f
the new bonds (paragraph 1 o Section I hereof) and
f
the d f e e c ($8.30163 per $1,000) w l be paid t
ifrne
il
o
s b c i e s Payments t s b cribers w l be made i
usrbr.
o us
il
n

G E N E R A L P R O V IS IO N S

1 As f s a agents of the United S a e , Federal
.
icl
tts
Reserve Banks are authorized and requested t re­
o
c i e s b c i t o s t make allotments on the b s s
ev usrpin, o
ai
and up t the amounts indicated by the Secretary o
o
f
the Treasury t the Federal Reserve Banks o the
o
f
r s e t v D s r c s t i s e allotment n t c s t re­
e p c i e itit, o su
oie, o
c i e payment f bonds a l t e , t make deliv o
ev
or
lotd o
ery f
bonds on f l - a d subscriptio a l t e , and they
ulpi
ns l o t d
may i s e interim r c i t pending delivery of t
su
eeps
he
d f n t v bonds.
eiiie

y
2

2 The Secretary o the Treasury may a any t m ,
.
f
t
ie
or from time t t m , prescr
o ie
ibe supplemental o
r
amendatory r l s and regulations governing the o f r
ue
fe­
i g which w l be communicated promptly t th
n,
il
o e
Federal Reserve Banks.

y
2




A S S IG N M E N T O F R E G IS T E R E D B O N D S

H E N R Y H. FOWLER,
Acting Secretary of the Treasury.

11

(Please type or print legibly and submit in triplicate)

r b r a Reference No.
ie

Subscription No.

E X C H A N G E S U B S C R IP T IO N
For United States o f America 3^4 Percent Treasury Bonds of 1980
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1980
ADDITIONAL ISSUE
I m p o r t a n t I n s tr u c tio n * .
1. Securities o f different issues surrendered in exchange may be listed together
the same subscription form, except that a separate subscription form should be used (a ) for listing bearer
U
r,k’ u •“ J7®ndered* (**) f ° r listing registered securities surrendered, and ( c ) for each group of new securities
which different delivery instructions are given. 2. Separate subscription forms should be used for bearer securiand registered securities desired in exchange. 3. Signatures are required on original only; all other filled-in
tter should appear in triplicate.

3EEAL R eserve B a n k

of

N e w Y ork ,

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

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

.......................................................... 1 9 6 1

Attention: Government Bond Division
ar

S m s:

Subject to the provisions of Treasury Department Circular No. 1065, dated September 11, 1961, the
iersigned

hereby subscribes for United

States

of America Sy2 percent Treasury Bonds of 1980,

ditional Issue, in the amount of $......................................................... * and tenders in payment therefor a like
’ amount of the securities—

Delivered to you herewith..................................................................................

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

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

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

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

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

• (P le a se fill in on the reverse side the schedule “ L ist o f A ccou nts Included in this S u b scrip tion .’ ’ )

SECURITIES SURRENDERED
( List serial numbers oh reverse tide)

Total Amount

2V2% Treasury Bonds of 1965-70, with March 15, 1962 and subsequent
coupons a tta c h e d ..........................................................................................

$.

2V2% Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................

$.

Total ..........................................................................................

$.

Payment o accrued i t r s and premium* ($34.19837 per $ , 0 , i bonds o 1965-70 a e s r e f
neet
100 f
f
r urn
r d $46.69837 per $ , 0 , i bonds o 1966-71 a e surrendered) i made a f l o s
e;
100 f
f
r
s
s olw:
□ By check herewith; □ By charge t our r s r e account
o
eev
• See Section I V of Treasury Department Circular No. 1065.
( S ig n a t u r e (s) r e q u ir e d a ls o on D e liv e r y In s t r u c tio n s b e lo w )

(D o not fill in boxes below)
S ubm itted b y .........................

G o v e r n m e n t B ond D iv is io n
R eceived

j

Checked

(Please print)

Canceled

B y ..

By.
(Authorized signature(s) required)

T it le .

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

T it le ...................

A ddress
S ubscription N o.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States o f America 3 ^ Percent Treasury Bonds o f 1980
Dated October 3, 1960, with interest from September 15, 1961, due November 15a 1980

ADDITIONAL ISSUE
BEARER BONDS DESIRED IN EXCHANGE
(Use schedule on reverse side for R E G I S T E R E D bonds)
D en om i­
nation

(Leave this spaoe blank)

F a ce am ount

500

1,000
5 ,0 0 0

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 Deliver over t counter t
.
he
o
t e undersigned
h
□ 2 Hold i safekeeping ( o
.
n
fr
member bank o y)
nl
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 Seilisrcin:
. pca ntutos

10 0
,0 0
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL

The undersigned hereby certifies^ that the
tecurities to be disposed o f as indicated
in item 2 or 3 above are owned solely by
the undersigned.

rhe books will be open for receipt of
ubscriptions from A L L CLASSED of
ubscribers from September 11 through
September 15, 1961 and, in addition,
ubscriptions may be submitted by or
lor account o f INDIVIDUALS through
ieptember 20, 1961.

(IMPORTANT: No changes in delivery instructions will be
accepted. A separate subscription form must be submitted for
each group of securities for which different delivery instruc­
tions are given.)
S ubm itted by

(Please print)

B.
y

B y.
(Authorized signature(s) required)

T itle .

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

T it le ...................

Address

(Spaces below are for the use of the Federal Reserve Bank o f New York)
S afekeeping Record

R eceived fro m 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 the above described U nited
States obligation* in the am ount su bscribed fo r .

eceived
Subscriber
Checked
and
elivered




D a te .

B y.




(f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c s nufcet n c e u e e o , t a h e a a e itn)

criber’ Reference No.
s

D U P L I C A T E — SE CURITY R E C O R D S “IN TICKET"*

Subscription No.

^-2

EXCHANGE SUBSCRIPTION
For United States of America 3*4 Percent Treasury Bonds of 1980
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1980

ADDITIONAL ISSUE

der al

R eser ve B a n k

of

N ew Y

Dated a
t

ork,

F s a Agent o t e United S a e ,
icl
f h
tts
N ew York 4 , N. Y.
5
ar

.91
16

S m s:

Subject t t e p o i i n o Treasury Department Cir u a No. 1 6 , dated September 1 , 1 6 , t e
o h rvsos f
clr
05
1 91 h
dersigned hereby s b c i e f r United S a e o America 3 percent Treasury Bonds o 1 8 ,
usrbs o
tts f
f 90
d t o a I s e i t e amount o $..................* and tend r i payment t e e o a l k
i i n l su, n h
f
es n
h r f r ie
•amount o t e s c r t e —
f h euiis
Delivered t you herewith................................ $...........
o
To be withdrawn from s c r t e held by you....................
euiis

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

To be d l v r d b y ....................................
eiee

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

1(P leasfl fill in on the reverse side the schedule “ L ist o f A ccou nts Included in this S u b scrip tion .*’ )

SECURITIES SURRENDERED
( L is t serial n um bers on reverse sid e)

Total Amount

2 ^ % Treasury Bonds of 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d .........................................................................................

$

21 i°7o Treasury
/

Bonds of 1966-71, with March 15, 1962 and subsequent
coupons a tta ch ed ..........................................................................................

$

Total

Payment o accrued i t r s and premium* ($34 1 8 7 per $ , 0 , i bonds o 1965 7 a e s r e f
neet
.93
100 f
f
-0 r urn
* d $46.69837 per $ , 0 , i bonds o 1 6 - 1 a e surrendered) i made a f l o s
e;
100 f
f 967 r
s
s olw:
□ By check herewith; □ By charge t our r s r e account
o
eev
* See Section I V of Treasury Department Circular No. 1065.

Subm itted by

A ddress

SECURITY RECORDS “ OUT TICKET’

Subscription No,

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3*/£ Percent Treasury Bonds of 1980
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1980

ADDITIONAL ISSUE
BEARER BONDS DESIRED IN EXCHANGE
(Use schedule on reverse side for R E G IS T E R E D bonds)
D en om i­
nation

F ace am ount

(Leave this space blanTc)

500

1,0 0
0
5 ,0 0 0

10 0
,0 0
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL




Subm itted by

Address

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 D l v r over t e counter t
. eie
h
o
t e undersigned
h
□ 2 Hold i s f
.
n a ekeeping ( o
fr
member bank o l )
ny
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 S e i lisrcin:
. p ca ntutos

(f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c s nufcet n c e u e e o , t a h e a a e itn)

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

Name and address o account
f

2%% T .B .

2%% T .B .

(1 965-70)

( Please p r in t or ty p e w r ite )

(1 966-71)

T ota l

$

Our own account .................
Total s b c i t o .............
usrpin

$

.........

$

........

$

......

Denominations and Serial Numbers o f Securities Surrendered
IS BUS

21/ 2 % T .B .
(1 9 6 5 -7 0 )

2 % % T .B .
(1 966-71)

Schedule for Issue o f Registered Bonds
( I f registered bonds, w hich are m ailed d ire ctly b y T rea su ry D epartm ent, W ashin gton , D. C., are not to be sent to the
registered owner, g iv e m a ilin g instruction s below .)

(Indicate under appropriate denominations, number of bonds desired.)

Name in which bonds shall be registered, and post-office
address for interest checks and other mail.
( Please p r in t or ty p e w r ite )

Mail r g s e e bonds t
eitrd
o




Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000,C

E i e ’ Reference No.
rbr a

TRIPLICATE— TREASURY REPORTS COPY

A-3

Subscription No.

EXCHANGE SUBSCRIPTION
For United States o f America 3 y 2 Percent Treasury Bonds o f 1980
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1980
ADDITIONAL ISSUE

sderal R e s e r v e

Bank

op

New Y

Dated a
t

ork,

F s a Agent o f th United S a e ,
icl
e
tts
New Y o r k 4 , N. Y .
5

.91
16

;ar S i r s :

Subject t t e p o i i n o Treasury Department Cir u a No. 1 6 , dated September 1 , 1 6 , t e
o h rvsos f
clr
05
1 91 h
i e s d hereby s b c i e f r United S a e o America 3 percent Treasury Bonds o 1 8 ,
d r igne
usrbs o
tts f
f 90
d i i n l I s e i t e amount o $..................* and t e s i payment t e e o a l k
d t o a su, n h
f
end r n
h r f r ie
r amount o t e s c r t e —
f h euiis
Delivered t you herewith...................... „......... $...........
o
To be withdrawn from s c r t e held by you....................
euiis
To

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

be d l v r d b y ....................................
eiee

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

* (P le a se fill in on the reverse side the schedule “ L ist o f A ccou n ts Included i s this Subscription . ’ ’ )

SECURITIES SURRENDERED
( List serial numbers on reverse side)

Total Amount

2V ji% Treasury Bonds of 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................

$.

2 V ° o Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
%7
coupons a tta ch e d ................................................... .....................................

$.

Total

$
■

Payment o accrued i t r s and premium* ( 3 .19837 per $ , 0 , i bonds o 1 6
f
neet
$4
100 f
f 9 5-70 a e s r e r urn
r d $46.69837 per $ , 0 , i bonds o 1 6
e;
100 f
f 9 6-71 a e surrendered) i made a f l o s
r
s
s olw:
□ By check herewith; □ By charge t our r s r e account
o
eev
• See Section I V of Treasury Department Circular No. 1065.

Subm itted by

A ddress

NONNEGOTIABLE RECEIPT

i Subscriber:

Subscription N o.

op N e w Y o r k , F s a Agent o t e United S a e , hereby acknowledges r c i t o
icl
f h
tts
eep f
e u i i s tendered with s b c i t o numbered a above i exchange f r
crte
usrpin
s
n
o
3% PERCENT TREASURY BONDS OF 1 8 , ADDITIONAL ISSUE
90
S c r t e a l t e on t i s b c i t o w l b d l v r don
euiis lotd
hs u s r p i n il e e i e e
September 2 , 1 6 , i accordance with your i s r c i n . ------------- ----------------9 91 n
ntutos

•e d e r a l R e serve B a n k
’

Teller
Government Bond D ivision— Issues & Redemption Section

BEARER BONDS DESIRED IN EXCHANGE
(U se schedule on reverse side for R E G I S T E R E D bonds)

eces

D en om i­
nation

$

(Leave this space blanlc)

F a ce am ount

500

1,000

5,000

ips f e u i i s s u d s
El s o eo s c r t e i s e a follows:
□ 1 Deliver over t e counter t
.
h
o
t e undersigned
h
□ 2 Hold i safekeeping ( o
.
n
fr
member bank only)
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 S e i lisrcin:
. p c a ntutos

10,000

100,000

1,000,000
TOTAL

j F e d e r a l R e se rv e B a n k o f N ew Y o rk ,
F isca l A g e n t o f the U nited States

(Date)
ou are hereby authorized to deliver to

(Nam e of representative)
lose signatu re appears below ,
$

. . p ar am ount

securities issued pursuant to this subscription.
(Please print)

To Subscriber:
(Official signature required)
(Signature of
 authorized representative)


I f securities are to be delivered over the
counter at this B ank to your representative,
the au th ority in the box to the le ft should
be executed on the date o f delivery.

( f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c * nufcet n c e u e e o , t a h e a a e itn)

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

(

Leave this

(

2%
^

)

Name and address o account
f

« blank)
pact

P lease p r in t or ty p e w r ite

2%% T .B .

T .B .
(1 965-70)

(1966-71)

$........

T otal

$.......

$

$........

$......

Our own account ...................
To a s b c i t o ............... $........
tl usrpin

Denominations and Serial Numbers o f Securities Surrendered
IS S U E

2 % % T .B .
(1 9 6 5 -7 0 )

2 % % T .B .
(1 9 6 6 -7 1 )

<9 F
rX

Schedule for Issue o f Registered Bonds
( I f registered bonds, w hich are m ailed d irectly b y T rea su ry D epartm ent, W ashin gton , D . C., are not to be sent to the
registered owner, give m ailin g instruction s b elow .)

Name in which bonds shall be registered, and post-office
address for interest checks and other mail.
(P lea se p r in t or ty p e w r ite )

Mail r g s e e bondB t
eitrd
o




(Indicate under appropriate denominations, number of bonds desired.]
$500

$1,000

$5,000

$10,000

$100,000

$1,000,0

(Please type or print legibly and submit in triplicate)

criber’ Reference No.
a

Subscription No.

g.j

EXCHANGE SUBSCRIPTION
For United States of America 3]/ Percent Treasury Bonds of 1990
£
Dated February 14, 1958, with interest from September 15, 1961, due February 15, 1990
ADDITIONAL ISSUE
I m p o r t a n t I n s tr u c tio n s .
1. Securities of different issues surrendered in exchange may be listed together
the same subscription form, except that a separate subscription form should be used (a ) for listing bearer
:urities surrendered, (b ) for listing registered securities surrendered, and (c ) for each group or new securities
‘ which different delivery instructions are given. 2. Separate subscription forms should be used for bearer securi> and registered securities desired in exchange. 3. Signatures are required on original only; all other filled-in
tter should appear in triplicate.

R eserve B a n k op N e w Y o r k ,
Dated at...................
F s a Agent o t e United S a e ,
icl
f h
tts
New York 4 , N. Y.
5
....................... 1961
Attention: Government Bond D v s o
iiin

ideral

iar

S ir s :

Subject t t e p o i i n o Treasury Department C u a No. 1 6 , dated September 1 , 1 6 , t e
o h rvsos f
irc l r
06
1 91 h1
dersigned hereby s b c i e f r United S a e o America 3^ percent Treasury Bonds o 1 9 ,
usrbs o
tts f
f 90
I i i n l I s e i t e amount o $..................* and t ders i payment t e e o a l k
dtoa su, n h
f
en
n
h r f r ie
r amount o t e s c r t e —
f h euiis
Delivered t you herewith................................ $...........
o
To be withdrawn from s c r t e held by you .....................
euiis

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

To be d l v r d b y ....................................
eiee

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

* (P lea se fill in on the reverse tiide the schedule " L i s t o t A ccou nt* Included in this S u b scrip tion .” )

SECURITIES SURRENDERED
( List serial numbers on teverst side)

Total Amount

21/2% Treasury Bonds o f 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................
21/Z% Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................

$$.

Total

Pay d f e e c between discount and accrued i t r s * when bonds o 1965-70 a e surrendered
ifrne
neet
f
r
7.05163 per $ , 0 ) a f l o s □ By check; Q By c e i t our r s r e account
100 s olw:
rdt o
eev
Payment o accrued i t r s and premium* when bonds o 1966-71 are surrendered ( 5 44837 per
f
neet
f
$.
, 0 ) i made a follows: □ By check herewith; □ By charge t our r s r e account
00 s
s
o
eev
* See Section I V of Treasury Department Circular No. 1066.
(S ig n a tu re (s) required also on D e liv e ry Instructio n s below)

(D o not fill in boxes below)
G o v e r n m e n t 1}o n d D iv is io n
R eceived

Checked

;
1

(Please print)

Canceled

B y .............................. ...................................... B y ....................................................................
(Authorized signature(s) required)
T itle .

T itle .

A ddress
Subscription N o.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3 Percent Treasury Bonds of 1990
Dated February 14, 1958, with interest from September 15, 1961, due February 15, 1990
ADDITIONAL ISSUE
BEARER BONDS DESIRED IN EXCHANGE
(Use schedule on reverse side for REGISTERED bonds)

sees

D enom i­
nation

1

$

(Leave this space blank)

F a ce am ount

500

1,000

6,000

f euiis s u d s
Disposeo s c r t e i s e a follows:
h
o
□ I De i e over t e counter t
- lvr
t e undersigned
h
n
e p n fr
□ 2. Hold i safek e i g ( o
member bank o l )
ny
s oltrl o
□ 3 Hold a c l a e a f r Treas­
.
ury Tax and Loan Account
o h
□ 4 Ship t t e undersigned
.
□ 5 S e i lisrcin:
. pca ntutos

10,000

100,000

1,000,000
TOTAL

The undersigned hereby certifies^ that the
lecurities to be disposed of as indicated
in item 2 or 3 above are owned solely by
the undersigned.

The books will be open for receipt of
ubscriptions from ALL CLASSES of
subscribers from September 11 through
ieptember 15, 1961 and, in addition,
ubscriptions may be submitted by or
lor account of INDIVIDUALS through
September 20, 1961.

(IM r U K lA n i : n o cnanges in oem er j .u»u
—
accepted. A separate subscription form must be submitted for
each group of securities for which different delivery instruc­
tions are given.)
Subm itted by
(Please print)
B y.
(Authorized signature(s) required)

B.
y

T it le .

T itle .
A ddress

(Spaces below are for the use of the Federal Reserve Bank of New York)
Safekeeping Recoed

Received fro m F e d e r a l R e s e r v e B a n k o t N e w Y o r k the above described IJniW .
States obligation s In the am ount subscribed fo r .

tic.oived
Subscriber
Checked
and
elivered




\

D a te.

By.

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

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 account
f

2 y2 % T .B .

2 % % T .B .

(1 9 6 5 -7 0 )

( Please print or typewrite)

( 1 9 6 6 -7 1 )

$

T otal

$

$

Our own account ............
T
otal s b c i t o ......
usrpin

*

.........

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

Denominations and Serial Numbers o f Securities Surrendered
IS S U K

2 % % T .B .
(1 9 6 5 -7 0 )

2 % % T .B .
(1 9 6 6 -7 1 )

Schedule for Issue of Registered Bonds
( I f registered bonds, w hich are m ailed d irectly b y T re a su ry D epartm ent, W ashin gton , D. C., are not to be sent to the
registered owner, give m ailin g instruction s b e lo w .)

M ail registered bon ds to




i

i

f
i
i
i

i
;

s

1
j

j

1

Name in which bonds shall be registered, and post-office
address for interest checks and other mail.
(Please print or typewrite)

(Indicate under appropriate denominations, number of bonds desired.
Amount

$500

$ 1,000

$5,000

$ 10,000

$ 100,000

$ 1 ,000,

criber’ Reference No.
s

D U P L I C A T E — S E C U R I T Y R E C O R D S “IN T ICKET”

Subscription No.

|J_2

EXCHANGE SUBSCRIPTION
For United States o f America 3 % Percent Treasury Bonds of 1990
Dated February 14, 1958, with interest from September 15, 1961, due February 15, 1990
ADDITIONAL ISSUE

R e s e r v e B a n k o f New York,
F s a Agent o t e United S a e ,
icl
f h
tts
New York 4 , N. Y.
5

Dated a
t

sderal

gab

.91
16

S ir s :

Subject t t e p o i i n o Treasury Department C rcula No. 1 6 , dated September 1 , 1 6 , t e
o h rvsos f
i
r
06
1 91 h
dersigned hereby s b c i e f r United S a e o America 3% percent Treasury Bonds o 1 9 ,
usrbs o
tts f
f 90
l i i n l I s e i t e amount of $..................* and t e s i payment t e e o a l k
dtoa su, n h
end r n
h r f r ie
r amount o t e s c r t e —
f h euiis
Delivered t you herewith........... ..................... $...........
o
To be withdrawn from s c r t e held by you....................
euiis

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

To be d l v r d b y ....................................
eiee

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

• (P le a se fill in on the reverse side the schedule “ L ist o f A ccou n ts Included in this S u b scrip tion .’ ’ )

SECURITIES SURRENDERED
( List serial numbers on reverse side)
T o ta l A m ou n t

2 % % Treasury Bonds of 1965-70, with March 15, 1962 and subsequent
corpons a tta ch e d ..........................................................................................
2 y%°7o Treasury Bonds of 1966-71, with March 15, 1962 and subsequent
fc>ons a tta ch e d ..........................................................................................
Total ..........................................................................................

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

p. d f r n e between disc
feec
ount and accrued i t r s * when bonds o 1965-70 a e surrendered
neet
f
r
per $1,0 0 a f l o s □ By check; □ By c e i t our r s r e account
0) s olw:
rdt o
eev
70
.f
et f
neet
f
r
$5 4 8 7
Pa) - n o accrued i t r s and premium* when bonds o 1966-71 a e surrendered ( . 4 3 per
, 0 ) made a f l o s □ By check herewith; □ By charge t our r s r e account
00
s olw:
o
eev
* See Section I V of Treasury Department Circular No. 1066.

Subm itted by

A ddress

S E C U R IT Y

R E C O R D S

“ O U T

T IC K E T '

Subscription N o.]

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3 l/ 2 Percent Treasury Bonds of 1990
Dated February 14, 1958, with interest from September 15, 1961, due February 15, 1990
ADDITIONAL ISSUE

I

BEARER BONDS DESIRED IN EXCHANGE
(U se schedule on reverse side for R E G I S T E R E D bonds)_______

ieces

D en om i­
nation

F ace am ount

(Leave this space Hank)

600

1,000
5 ,0 0 0

10 0
,0 0
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL




Subm itted by

Address

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 Deliver over t e counter t
.
h
o
t undersigned
he
n
fr
□ 2. Hold i safekeeping ( o
member bank o
nly)
s oltrl o
□ 3 Hold a c l a e a f r Treas­
.
ury Tax and Loan Account
o h
□ 4 Ship t t e undersigned
.
□ 5 S e i lisrcin:
. p ca ntutos

(f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c s nufcet n c e u e e o , t a h e a a e itn)

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

Name and address o account
f

2 % % T .B .
(1965-70)

( Please print or typewrite)

$

.....

2Vj % T .B .
(1966-71)

T otal

$

$

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

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

Our own account ...................
T t l s b c i t o ...............
oa usrpin

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

Denominations and Serial Numbers o f Securities Surrendered
I ssu e

2V2% T .B .
(1 965-70)

2 % % T .B .
(1966-71)

Schedule for Issue o f Registered Bonds
( I f registered bonds, which are m ailed directly b y T rea su ry D epartm ent, W ashington, D. C., are not to be sent to the
registered owner, g iv e m ailing instructions b elow .)

Name in which bonds shall be registered, and post-office
address for interest checks and other mail.
(Please print or typewrite)

(Indicate under appropriate denominations, number of bonds desired.)
Amount

$500

$ 1,000

$5,000

$ 10,000

$ 100,000

$ 1 ,000,0

-------------------

Ii

It
) '£fc'
xrtv

Mail r g s e e bonds t
eitrd
o




fiber’ Reference No.
s

Subscription No.

TRIPLICATE— T R E A S U R Y R E P O R T S C O P Y

B-3

EXCHANGE SUBSCRIPTION
For United States of America 3% Percent Treasury Bonds of 1990
}ated February 14, 1958, with interest from September 15, 1961, due February 15, 1990

ADDITIONAL ISSUE

R eser ve B a n k op N e w York,
F s a Agent o t e United S a e ,
icl
f h
tts
N ew York 4 , N. Y.
5

Dated a
t

der al

ar

.91
16

Sir s :

Subject t t e p o i i n o Treasury Department Circ l r No. 1 6 , dated September 1 , 1 6 , t e
o h rvsos f
ua
06
1 91 h
dersigned hereby s b c i e f r United S a e o America 3 percent Treasury Bonds o 1 9 ,
usrbs o
tts f
f 90
I i i n l I s e i t e amount o $..................* and t nders i payment t e e o a l k
dtoa su, n h
f
e
n
h r f r ie
ramount o t e s c r t e —
f h euiis
Delivered t you herewith................................ $...........
o

y
2

To be withdrawn from s c r t e held by you....................
euiis

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

To be d l v r d b y ....................................
eiee

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

• (P le a se fill in on the reverse side the schedule “ L ist o f A ccou n ts In clu d ed in this S u b scrip tion .” )

SECURITIES SURRENDERED
( List serial numbers on reverst side)
T o ta l A m ou n t

2 V2%

Treasury Bonds o f 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................
2Vs8% Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
coupons a tta ch e d ....................................... .. . . ..........................................
Total ..........................................................................................

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

Pay d f e e c between d
ifrne
iscount and accrued i t r s * when bonds o 1965-70 a e surrendered
neet
f
r
7.05 6 per $ , 0 ) a f l o s Q By check; □ By c e i t our r s r e account
;3
100 s olw:
rdt o
eev
Payment o accrued i t r s and premium* when bonds o 1966-71 a e surrendered ( 5 44
f
neet
f
r
$ . 837 per
, 0 ) i m ade a f l o s □ By check herewith; □ By charge t our r s r e account
00 s
s olw:
o
eev

■

* See Section I V of Treasury Department Circular N o. 1066.

Subm itted by

A ddress

NONNEGOTIABLE RECEIPT

Subscriber:

S ubscription N o.

ederaij R eser ve B a n k or N e w Y o r k , F s a Agent o t e United S a e , hereby acknowledges r c i t o
icl
f h
tts
eep f
B u i i s tendered with s b c i t o numbered a above i exchange f r
crte
usrpin
s
n
o
31/2 PERCENT TREASURY BONDS OF 1990, ADDITIONAL ISSUE
i c r t e a l t e on t i s b c i t o w l be d l v r don
euiis l o t d
hs u s r p i n il e i e e
leptember 2 , 1 6 , i accordance with your i s r c i n . ----------- -— -—--------------9 91 n
ntutos

Government Bond Division— Issues & Redemption Section

BEARER BONDS DESIRED IN EXCHANGE
(Use schedule on reverse side for R E G I S T E R E D bonds)
D en om i­
na tion

(Leave this space blank)

F a ce am ount

60
0

1,000
60
,0 0

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 Deliver over t e counter t
.
h
o
t e undersigned
h
□ 2 Hold i safekeeping ( o
.
n
fr
member bank only)
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 S e i lisrcin:
. pca ntutos

10,000
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL

j F e d e r a l R e se rv e B a n k o f N ew Y o rk ,
F isca l A g e n t o f the U nited States

(Date)
ou are h ereby authorized to d eliver to

(Name of representative)
lose sign a tu re appears below ,
$

.......... p ar am ount

1 securities issued pursuant to this su bscription.
(Please print)

To Subscriber:
(Official signature required)
(Signature of authorized representative)


http://fraser.stlouisfed.org/
V
Federal Reserve Bank of St. Louis

I f securities are to be delivered over the
counter at this B ank to your representative,
the authority in the b ox to the le ft should
be executed on the date o f delivery.

(f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c s nufcet n c e u e e o , t a h e a a e itn)

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

(

heave this
space blank)

Name and address o account
f

(

2 % % T .B .
(1 965-70)

Please print or typewrite)

$

......

2
T. B.
(1966-71)

$

.......

T otal

$

Our own account ...................
T t l s b c i t o ............... $.....................................
oa usrpin

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

$

......

Denominations and Serial Numbers of Securities Surrendered
I s su e

2 % % T .B .
(1 9 6 5 -7 0 )

2 y 3 % T .B .
(1 9 6 6 -7 1 )

Schedule for Issue o f Registered Bonds
( I f registered bonds, w hich are m ailed d irectly b y T re a su ry Departm ent, W ashin gton , D. C., are not to be sent to tht
registered owner, g iv e m ailin g instruction s b e lo w .)

Mail r g s e e bonds t
eitrd
o




m

(Please type or print legibly and submit in triplicate)

i r b r a Reference No.
cie

Subscription No.

EXCHANGE SUBSCRIPTION
I^or United States o f America 3*4 Percent Treasury Bonds of 1998
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1998
A D D IT IO N A L ISSUE

1. Securities o f different issue* surrendered in exchange may be listed together
• . ,am« subscription form, except that a separate subscription form should be used (a ) for listing bearer
®
•VIrendered*
for
registered securities surrendered, and (c ) for each group of new securities
which different delivery instructions are given. 2. Separate subscription forms should be used for bearer securiand registered securities desired in exchange. 3. Signatures are required on original only; all other filled-in
tter should appear in triplicate.
I m p o r t a n t I n ttr u c tio n a .

or N ew Y o r k ,
Fiscal Agent of the United States,
New York 45, N. Y.

bderal R eserve B a n k

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

.......................................................... 1961

Attention: Government Bond D v s o
iiin

Sms:
Subject t t e p o i i n o Treasury Department C r
o h rvsos f
i cular No. 1 6 , dated September 1 , 1 6 , t e
07
1 91 h
dersigned hereby s b c i e f r United S a e o America
usrbs o
tts f
percent Treasury Bonds o 1 9 ,
f 98
I i i n l I s e i t e amount o $..................* and t n e s i payment t e e o a l k
dtoa su, n h
f
edr n
h r f r ie
amount o t e s c r t e —
f h euiis
ar

Delivered to you herewith....................................................................................

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

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

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

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

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

(P lea se fill in on the reverse side the schedule “ L ist o f A ccou n ts Included in this S u b scrip tion .” )

SECURITIES SURRENDERED
( L is t serial nu m b ers on reverse side)

Total amount

2VZ% Treasury Bonds o f 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................
2 Vk% Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................

$.
$.

Total ..........................................................................................

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

Pay d f e e c between dis
ifrne
count and accrued i t r s 1 when bonds o 1965-70 a e surrendered
n e e t*
f
r
8.30163 per $ , 0 ) a f l o s Q By che □ By c e i t our r s r e account
100 s olw:
ck;
rdt o
eev
Payment o d f e e c between accrued i t r s and discount* when bonds o 1966-71 a e s r e f ifrne
neet
f
r urn
ed ( 1 6 837 per $ , 0 ) i made a f l o s Q By check herewith; □ By charge t our r s r e account
$.9
100 s
s olw:
o
eev
* See Section I V of Treasury Department Circular No. 1067.
(S ig n a t u r e ( s ) r e q u ir e d a ls o on D e liv e r y In s t r u c tio n s b e lo w )

(D o not fill in boxes below)

Subm itted b y ..............................

G o v e r n m e n t R o n d D iv is io n
R eceived

Checked

(Please print)

Canceled

...... > By......

B y ..

(Authorized signature(i) required)

T itle .

T itle .
A d dress

S ubscription N o.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3*/2 Percent Treasury Bonds of 1998
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1998

ADDITIONAL ISSUE
BEARER BONDS DESIRED IN EXCHANGE
( U s e schedule on reverse sid e fo r R E G ISTE R E D bonds)

D en om i­
nation

(Leave this space blank)

F a ce am ount

500

1,000
5,000

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 D liver over t e counter t
. e
h
o
t e undersigned
h
□ 2 Hold i safekeeping ( o
.
n
fr
member bank o l )
ny
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 Seil isrcin:
. pca ntutos

10 0
,0 0
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL

rhe undersigned hereby certifies that the
tecurities to be disposed of as indicated
n item 2 or 3 above are owned solely by
the undersigned.

(IMPORTANT i No changes in delivery instructions will be
accepted. A separate subscription form must be submitted for
each group o f securities for which different delivery instruc­
tions are given.)

rhe books will be open for receipt of

Subm itted by

ubscriptions from A LL CLASSES of
ubscribers from September 11 through
teptember 15, 1961 and, in addition,
ubscriptions may be submitted by or
or account o f INDIVIDUALS through
eptember 20, 1961.

(Please print)
By.

B y.
(Authorized signature(s) required)

T itle .

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

T it le ..............................

Address
(Spaces below are for the use o f the Federal Reserve Bank o f New York)
S a f e k e e p in g R eco bd
eceived

Checked

and
http://fraser.stlouisfed.org/
elivered

Federal Reserve Bank of St. Louis

R eceived fro m 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 r k the above described U nited
States oblig ation s in the am ount subscribed fo r .

S ubscriber

D a te .

By

(f s a e I isfiin i s h d l s b l w a t c s p r t lsig
I p c s nufcet n c e u e e o , t a h e a a e itn)

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

(Leave this
space blank)

%%

2
T .B .
(1 966-71)

2 ^ % T .B .
(1965-70)

Name and address o account
f
(P lea se p r in t or ty p e iv rite )

T ota l

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

Our own account ..................
T
otal s b c i t o ............... $......... $......... $......
usrpin
Denominations and Serial Numbers of Securities Surrendered
T sstri

2 % % T .B .
(1 9 6 5 -7 0 )

2ya % T .B .
(1 9 6 6 -7 1 )

Schedule for Issue of Registered Bonds
( I f registered bonds, which are m ailed d irectly b y T rea su ry Departm ent, W ashin gton , D. C., are not to be sent to the
registered owner, give m ailin g instruction s below .)

(Indicate under appropriate denominations, number of bonds desired.;
Name in which bonds shall be registered, and post-office
address for interest checks and other mail.
( Please p r in t or ty p e w r ite )

Mail r g s e e bonds t
eitrd
o




Amount

$500

$1,000

$5,000

$10,000

$100f000

$1,000,

c i e ' Reference No.
r^ra

DUPLICATE— SECURITY RECORDS “IN TICKET”
EXCHANGE SUBSCRIPTION

Cm
2

Subscription No.

For United States ol America 312 Percent Treasury Bonds of 1998
/
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1998
ADDITIONAL ISSUE

R eser ve B a n k of N e w York,
F s a Agent of t e United S a e ,
icl
h
tts
New York 4 , N. Y.
5

Dated a
t

sdeeali

.91
16

Sms:
Subject t t e p o i i n o Treasury Department C rc
o h rvsos f
i ular No. 1 6 , dated September 1 , 1 6 , t e
07
1 91 h
designed hereby s b c i e f r United S a e o America 3^ percent Treasury Bonds o 1 9 ,
usrbs o
tts f
f 98
I i i n l I s e i t e amount o $..................* and tend r i payment t e e o a l k
dtoa su, n h
f
es n
h r f r ie
i amount o t e s c r t e —
r
f h euiis
delivered t you herewith................................. ♦...........
o
To be withdrawn from s c r t e held by you....................
euiis

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

To be d l v r d by
eiee
*(P lea se fill in on the reverse side the schedule “ L ist o f A ccou n ts In clu d ed in this S u b scrip tion .” )

SECURITIES SURRENDERED
( L is t serial nu m b ers on reverse side)

T o ta l am oun t

2 V t% Treasury Bonds o f 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................
2 1 % Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
/a
coupons a tta ch e d ..........................................................................................
Total ..........................................................................................

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

Pay d f e e c between discount and accrued i t r s * when bonds o 1965-70 a e surrendered
ifrne
neet
f
r
.3 1 3 per $ , 0 ) a f l o s □ By ch
06
100 s olw:
eck; □ By c e i t our r s r e account
rdt o
eev
Payment o d f e e c between accrued i t r s and discou
f ifrne
neet
nt* when bonds o 1966-7 a e s r e f
1 r urn
ed ($1.69837 per $ , 0 ) i made a f l o s □ By check herewith; □ By charge t our r s r e account
100 s
s olw:
o
eev

I

* See Section I V of Treasury Department Circular No. 1067.

Subm itted by

A ddress

S ubscription N o.

SECURITY RECORDS “ OUT TICKET”
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America Sl/ Percent Treasury Bonds of 1998
2
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1998
ADDITIONAL ISSUE

BEARER BONDS DESIRED IN EXCHANGE
( U s e schedule on reverse sid e fo r R E G IST E R E D bonds)

ieces

D en om i­
n ation

$

F ace am ount

(Leave this space Hank)

500

1,000
5,000

10 0
,0 0
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL

>
&




Subm itted by

Address

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 Deliver over t e counter t
.
h
o
t e undersigned
h
□ 2 Hold i safekeeping ( o
.
n
fr
member bank on y
l)
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 Seil isrcin:
. pca ntutos

(f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c a nufcet n c e u e e o , t a h e a a e itn)

List of Accounts Included in this Subscription
(L tavt this
space blank)

2 % % T .B .

(Please print or typewrite)

2 y3 % T .B .

(1 905-70)

Name and address o account
f

(1900-71)

T ota l

$

&

$

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

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

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

Our own account ...................
T
otal s b c i t o ...............
usrpin

Denominations and Serial Numbers of Securities Surrendered
IS xm
B

T .B .
(1 9 0 5 -7 0 )

2 ^ % T .B .
(1 9 6 0 -7 1 )

Schedule for Issue of Registered Bonds
( I f registered bonds, which are m ailed d irectly b y T rea su ry D epartm ent, W ashin gton , D. C., are not to be sent to the
registered owner, giv e m ailin g instruction s b elow .)

Name in which bonds shall be registered, and post-office
address for interest checks and other mail.
(Please print or typewrite)

(Indicate under appropriate denominations, number of bonds desired.)
Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000,01

------ —

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

------------

Mail r g s e e bonds t
eitrd
o




b i e ' Reference No.
rbrs

TRIPLICATE— T R E A S U R Y R E P O R T S C O P Y

C-3

Subscription N o.

EXCHANGE SUBSCRIPTION
For United States of America 312 Percent Treasury Bonds of 1998
/
Dated October 3, 1960, with interest from September 15, 1961, due November 15, 1998

ADDITIONAL ISSUE

ederal

R eserve B a n k

op

New Y

ork,

Dated a
t

F s a Agent o t e United S a e ,
icl
f h
tts
New Y o r k 4 , N. Y.
5
e ar

.91
16

S ir s :

I; Subject t t e p o i i n o Treasury Department C rcular No. 1 6 , dated September 1 , 1 6 , t e
I
o h rvsos f
i
07
1 91 h
j t e s g e hereby s b c i e f r United S a e o America 3y2 percent Treasury Bonds o 1 9 ,
idrind
usrbs o
tts f
f 98
L d t o a I s e i t e amount o $..................* and tend r i payment t e e o a l k
d i i n l su, n h
f
es n
h r f r ie
far amount o t e s c r t e —
f h euiis
Delivered t you herewith.................................
o
To be withdrawn from s c r t e held by you....................
euiis
To be d l v r d b y .....................................
eiee

$
.

* (P lea se fill in on the reverse side the schedule “ L ist o f A ccou n ts Included in this S u b scrip tion .” )

SECURITIES SURRENDERED
( L is t serial n u m b ers on reverse sid e)

T o ta l am oun t

2V 2 % Treasury Bonds o f 1965-70, with March 15, 1962 and subsequent
coupons a tta ch e d ..........................................................................................
2V j % Treasury Bonds o f 1966-71, with March 15, 1962 and subsequent
s
coupons a tta ch e d ..........................................................................................
Total ..........................................................................................

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

Pay d f e e c between disc
ifrne
ount and accrued i t r s * when bonds o 1965-70 a e surrendered
neet
f
r
v
$8.30163 per $ , 0 ) a f l o s □ By check; □ By c e i t our r s r e account
100 s olw:
rdt o
eev
Payment of d f e e c between accrued i t r s and discount when bonds o 1966-71 a e s r e ifrne
neet
*
f
r urn
lered ($1.69837 per $ , 0 ) i made a f l o s □ By check herewith; □ By charge t our r s r e account
100 s
s olw:
o
eev
* See Section I V of Treasury Department Circular No. 1067.

Subm itted by

A ddress

NONNEGOTIABLE RECEIPT

S u bscrip tion N o.

o Subscriber:
' e d e r a l R eser ve B a n k op N e w Y o r k , F s a Agent o t United S a e , hereby acknowledges r c i t o
icl
f he
tts
eep f
e u i i s tendered with s b c i t o numbered a above i exchange f r
crte
usrpin
s
n
o
31/2 PERCENT TREASURY BONDS OF 1998, ADDITIONAL ISSUE
S c r t e a l t e on t i s b c i t o w l be d l v r d on
euiis lotd
hs u s r p i n il e i e e
September 2 , 1 6 , i accordance with your i s r c i n . ------------ --- ------ -------9 91 n
ntutos
Teller
Government Bond Division— Issues & Redemption Section

BEARER BONDS DESIRED IN EXCHANGE
(U s e schedule on reverse sid e fo r R E G ISTE R E D bonds)

Meces

D en om i­
nation

$

(Leave this space blank)

F a ce am ount

500

1,0 0
0
5,000

Dispose o s c r t e i s e a follows:
f euiis s u d s
□ 1 Deliver over t e counter t
.
h
o
t e undersigned
h
□ 2 Hold i safekeeping ( o
.
n
fr
member bank o l )
ny
□ 3 Hold a c l a e a f r Treas­
.
s oltrl o
ury Tax and Loan Account
□ 4 Ship t t e undersigned
.
o h
□ 5 Seil isrcin:
. pca ntutos

10 0
,0 0
10 ,0 0
00
1,0 ,0 0
00 0
TOTAL

ro F e d e r a l R eserve B a n k of N e w Y o rk ,
F iscal A g e n t o f the U nited States

Subm itted

(D ate)

irou are hereby authorized to deliver to

(Name of representative)
vhose signatu re appears below,

A ddress

$............................................. par am ount
if securities issued pursuant to this subscription.
N am e.
(Please print)

To Subscriber:
(Official signature required)


http://fraser.stlouisfed.org/
(Signature of authorised representative)
Federal Reserve Bank of St. Louis

I f securities are to be delivered over the
counter at this B ank to your representative,
the au th ority in the box to the le ft should
be executed on the date o f delivery.

(f s a e i isfiin i s h d l s b l w a t c s p r t lsig
I p c t nufcet n c e u e e o , t a h e a a e itn)

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

(Ltavt this
•
Pact blank)

Name and address o account
f

2 1 % T .B .
/2
(1966-71)

2 % % T .B .
(1 965-70)

(Please print or typewrite)

T otal

Our own account ..................
Total s b c i t o ...............
usrpin

$

.........

$

.........

$

.......

Denominations and Serial Numbers of Securities Surrendered
ISBTTO

P

2 U % T .B .

: 3 m m

(1 9 6 5 -7 0 )

2 Mi % T .B .
(1 9 6 6 -7 1 )

Schedule for Issue of Registered Bonds
( I f registered bonds, which are m ailed d irectly b y T reasury D epartm ent, W ashin gton , D. C., are not to be sent to the
registered owner, give m ailin g instruction s b elow .)




At5083

Federal R

eserve
NEW

Ba

YORK

nk

45,

of

N

ew

York

N.Y.

RECTOR 2-5700

September

11,

1961

To the Member and Nonmember Clearing Banks
of the Second Federal Reserve District:

We have been informed by the Houston Branch of the Federal Reserve
Bank of Dallas that, due to tropical hurricane Carla, it is operating on a very
limited basis.

We also have been informed by the San Antonio Branch that,

because of the hurricane, many banks in the coastal areas served by that office
have been unable to open today, and probably will remain closed one or more
additional days.

As a result, there will be at least one day's delay, and

possibly longer, in processing cash and noncash items, in the receipt of
advices of nonpayment, and in the return of unpaid items from banks in the
affected areas.
We will continue to accept and dispatch cash and noncash items
deposited with us payable in the territories of the Houston and San Antonio
Branches and to give credit for cash items in accordance with our time schedules,
but we reserve the right to charge back any unpaid items at any time.




ALFRED HAYES,
President.