Full text of Federal Reserve Bank of New York Circulars : 5155. Treasury Offerings

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FE D E RAL R E S E R V E BANK
O F N E W YORK
Fiscal Agent of the United States
f Circular No. 5 1 5 5 "1
t. February 19, 1962 J

TREASURY OFFERINGS
Advance Refunding of Treasury Bonds Maturing in 1964, 1965, and 1972
To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve D istrict:

The subscription books are open for the following offerings of United States of America
4 percent and 3 ^ percent Treasury bonds—
4 percent Treasury Bonds of August 15, 1971
in exchange for
3
percent Treasury Bonds of February 15, 1964
or 2% percent Treasury Bonds of February 15, 1965
4 percent Treasury Bonds of February 15, 1980, Additional Issue
in exchange for
2% percent Treasury Bonds of February 15, 1965
31/? percent Treasury Bonds of February 15, 1990, Additional Issue
or 3
percent Treasury Bonds of November 15, 1998, Additional Issue
in exchange for
2]/2 percent Treasury Bonds of June 15, 1967-72
or 2 V2 percent Treasury Bonds of September 15, 1967-72
or 2Y2 percent Treasury Bonds of December 15, 1967-72

Subscriptions may be submitted through February 21; in addition, subscriptions by or for
account of individuals may be submitted through February 28.
All subscriptions will be allotted in full.
A Treasury Department statement on the offerings, made public on February 15 and
printed in our Circular No. 5153, is reprinted on pages 2-5 of this circular. The official terms
of the offerings are set forth in Treasury Department Circulars Nos. 4-62, 5-62, 6-62, and
7-62, Public Debt Series, which appear on pages 5-12.
Subscriptions will be received by this Bank as fiscal agent of the United States. C ash
Subscriptions should be submitted in triplicate on official
subscription iorms, copies of which are enclosed, and should be mailed immediately. If filed
by telegram or letter, the subscriptions should be confirmed immediately by mail on the forms
provided. The securities being exchanged should accompany the subscriptions. The subscrip
tion books will remain open for th r e e d a ys, F e b r u a r y 19 th rou g h 2 1 , and, in ad dition, th rou g h

su b scrip tio n s will n ot be re c e iv e d .

F e b r u a r y 28 f o r su b s c r ip tio n s b y o r f o r accou n t o f individuals.

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

lfred

ayes,

President.

TREASU RY DEPARTM EN T
Washington, D. C.
February 15, 1962

ADVANCE REFUNDING OFFER
The Treasury announced today that it will offer holders of nearly $19 billion of outstanding bonds an
opportunity to extend their holdings at higher yields. For the first time, the Treasury is combining in one
operation a “ ju n ior” advance refunding (in which holders of relatively short-term maturities are given
an opportunity to move into an intermediate maturity) and a “ senior” advance refunding (in which
holders of intermediate-term securities may exchange into a longer term issue).
Holders of $10.8 billion of two bonds issued in February and June 1958, and maturing in February
1964 and February 1965, will be given an opportunity to exchange them for a new 4 percent bond to
mature in August 1971. In addition, holders of one of these bonds, the 2% percent issue maturing in 1965,
will be given a second option— the right to exchange for additional amounts of the outstanding 4 percent
bond maturing in February 1980.
The “ senior”
maturing in June,
Holders will have
3Y2 percent bonds

portion of this advance refunding is available to all holders of the 2 ^ percent bonds
September and December, 1967-72. These bonds were originally issued in 1941 and 1945.
the option of selecting either the 3y> percent bonds maturing in February 1990 or the
maturing in November 1998.

The Treasury is making it possible for investors to gain additional income at terms mutually advan
tageous to the Treasury and themselves, by extending the maturity of their holdings for additional periods
ranging between 6% and 261/2 years. As explained below, holders will be expected in most cases to make
small cash payments to supplement the outstanding bonds which they submit in exchange for new or addi
tional amounts of other bonds. In order to equal the terms of this offering through any alternative invest
ment, investors would otherwise have to reinvest the proceeds of their present holdings, on maturity, at
interest rates ranging from 4.30 to 4.38 percent.
The exchange of old for new securities will not be treated as a sale and purchase for tax purposes,
thereby avoiding the immediate charging of book losses on the securities being accepted by the Treasury
in exchange for the new issues.
To the extent that investors choose to extend the maturity of their existing holdings, the Treasury will
have accomplished some needed restructuring of its outstanding debt, without diverting from productive
purposes in other sectors of the economy the new savings currently flowing into the intermediate and
longer term capital markets. Books will be open for subscriptions beginning Monday, February 19, and
will remain open through Wednesday, February 21. In addition, individuals will be allowed to subscribe
for a further period through Wednesday, February 28.

Terms and Conditions of the Advance Refunding Offer
1. To all holders owning $500, or more, of the following outstanding Treasury bonds:
Amount
outstanding
(in billions)

3% bonds 1964

Feb. 14, 1958

Feb. 15, 1964

i- n y 2

$3.9

2 % % bonds 1965

June 15, 1958

Feb. 15, 1965

2 — iiy 2

6.9

2i/s % bonds 6/15/67-72

June

1, 1945

June 15, 1972

1.8

2y2% bonds 9/15/67-72

Oct.

20, 1941

Sept. 15, 1972

—

6y2

2.7

21/ 2 %

Nov. 15, 1945

Dec. 15, 1972

—

9y2

3.5

Description of bonds

1
r-t

bonds 12/15/67-72

Issue date

Remaining term
to final maturity
(Yrs.-M .os.)

Final
maturity date

2. New bonds to be issued (or additional amounts of outstanding issues) :

Issue date

Description of bonds

Amount
outstanding
(in billions)

Interest starts i

Interest
payable

—

Mar. 1, 1962

Feb. 15 & Aug. 15

4■% bonds of Aug. 15, 1971

Mar.

1, 1962

4% bonds o f Feb. 15, 1980

Jan. 23, 1959

$ .9

Mar. 1, 1962

Feb. 15 & Aug. 15

3 % % bonds of Feb. 15, 1990

Feb. 14, 1958

4.0

Mar. 1, 1962

Feb. 15 & Aug. 15

Sy2% bonds of Nov. 15, 1998

Oct.

3.5

Mar. 1, 1962

May 15 & Nov. 15

3, 1960

1 Interest on the bonds surrendered stops on March 1, 1962.

3. Terms o f the exchange:
Exchanges will be made on the basis of equal face amounts, with payments to the Treasury, and
with adjustments of accrued interest to March 1, 1962, on the bonds surrendered, and on the
bonds issued in the exchange (per $100 face amount), as indicated below:
Amount of
purchase
price
o f bonds
to be issued
Bonds
to be
exchanged

Bonds
to be
issued

Accrued interest

Net amount

To be
collected
from
subscriber

To be
paid
to
subscriber

To be
collected
from
subscriber

To be
paid
to
subscriber

To be
collected
from
subscriber

$ .11602

—

$.11602

—

Extension
of
maturity
Yrs.-Mos.

7— 6

3 % — 2/15/64

1971

—

2 % % — 2/15/65

4%
4%

1971
1980

$2.00
.25

.10152
.10152

—
$ .15470

—
—

$1.89848
.30318

6—
15—

6
0

2V2% — 6/15/72

3y2% 1990
31/ 2 % 1998

1.25
—

.52198
.52198

.13536
1.02486

—
—

.86338
.50288

17—
26—

8
5

2 % % — 9/15/72

31/ 2 %

1990
1998

1.50
.25

1.15331
1.15331

.13536
1.02486

—
—

.48205
.12155

17—
26—

5
2

1990
1998

1.75
.50

.52198
.52198

.13536
1.02486

—

31/ 2 %

2y2% — 12/15/72

31/ 2 %
31/ 2 %

—

1.36338
1.00288

17— 2
25 — 11

Coupons dated August 15, 1962, on the 3% and 2 % % bonds; coupons dated June 15, 1962, on the
2V2 % bonds o f June 15, 1972, and December 15, 1972; and coupons dated March 15, 1962, on the 2*/2%
bonds of September 15, 1972, in bearer form should be attached to the bonds when they are surrendered
for exchange. Accrued interest on the 3% bonds of 1964 will be paid to subscribers, in the case of bearer
bonds following their acceptance, and in the case of registered bonds following discharge of registration
in accordance with the assignments on the bonds surrendered.

4. Limitation on amount of bonds to be issued:
The amount of the new or additional bonds to be issued under this offering will be limited to the
amount of the eligible 3% , 2 % % , and 2x/2% bonds tendered in exchange and accepted.

5. Books open for subscription for the new or additional bonds:
The books will be open for the receipt of subscriptions from ALL classes of subscribers from
Monday, February 19, through Wednesday, February 21, 1962. In addition, the books will also
be open for the receipt of subscriptions from individuals through Wednesday, February 28. For
this purpose, individuals are defined as natural persons in their own right. Subscriptions placed
in the mail by midnight of the respective closing dates, addressed to the Treasurer, U. S., Wash
ington 2o, D. C., or any Federal Reserve Bank or Branch, will be considered as timely. The use
of registered mail is recommended for bondholders’ protection in submitting bonds to be exchanged.
t j 16 t{/ k °ncls of 1971 and
bonds of 1980 will be delivered to subscribers on March 9, 1962.
e ''1 '° bonds of 1990 and 3y2% bonds of 1998, will be delivered on March 16, 1962.

6. Requirements applicable to subscriptions:
Subscriptions will be received at Federal Reserve Banks and Branches and at the Office of the
Treasurer of the United States, Washington 25, D. C. Banking institutions generally may submit
subscriptions for account of customers, provided the names of the customers are set forth in such
subscriptions.
7. Denominations and other characteristics of the new or additional bonds:
$500, $1,000, $5,000, $10,000, $100,000, and $1,000,000 in coupon and registered forms. They will
be acceptable to secure deposits o f public moneys.
8. Nonrecognition of gain or loss for Federal income tax purposes:
(a) Where the exchange is solely of the 3% , 2 % % , or 2y2% bonds surrendered for exchange for
the new or additional bonds— the Secretary of the Treasury has declared pursuant to section
1037(a) of the Internal Revenue Code that no gain or loss shall be recognized for Federal income
tax purposes upon the exchange.
(b) Where premium is paid by the subscriber— if a premium is paid by the subscriber no gain or
loss will be recognized; but his tax basis in the new or additional 4% or 3y2% bonds will be his
cost basis in the 3% , 2 % % , or 2y2°/o bonds surrendered for exchange increased by the amount of
the premium.
(c) Gain or loss, if any, upon the 3% , 2 % % , or 2y2% bonds surrendered in exchange will be
taken into account upon the disposition or redemption of the 4% or Sy2% bonds issued in
exchange.
9. Federal estate tax option on the additional bonds— the 4% Treasury bonds of 1980 and the Sy2%
Treasury bonds of 1990 and 1998 will be redeemable at par and accrued interest prior to maturity
for the purpose of using the proceeds in payment of Federal estate taxes but only if they are owned by
the decedent at the time of his death and thereupon constitute part of his estate. Accordingly, estates
of decedents to which the similar option in the 2y2% Treasury bonds of 1967-72 has accrued at the
date of exchange cannot make the exchange with the expectation of using the proceeds of redemption
of the 4% bonds of 1980 or the 3 % % bonds of 1990 and 1998 prior to maturity in payment of estate
taxes because such bonds were not owned by the decedent at the time of his death.
10. Book value of new bonds to banking institutions— the Comptroller of the Currency, Board of Gov
ernors of the Federal Reserve System, and the Federal Deposit Insurance Corporation have indicated
to the Treasury that banks under their supervision may place the new or additional bonds received
in exchange on their books at an amount not greater than the amount at which the eligible bonds sur
rendered by them are carried on their books plus the amount of premium, if any, paid on the new bonds.
They will so advise their examiners.
11. Computation of reinvestment rate for the extension of maturity— a holder of the outstanding eligible
3% , 2 % % , or 2y2% bonds has the option of accepting the Treasury’s exchange offer or of holding
the bonds to maturity. Consequently, he can compare the interest he will receive resulting from
exchanging now with the interest that he might obtain by reinvesting the proceeds of the 3% , 2% % ,
or 2y2°/o bonds at maturity.
The interest income before tax for making the extension now through exchange will be the coupon
rates on the new issues. I f a holder of the eligible bonds does not make the exchange, he would receive
only the 3% , 2 % % , or 2y2% rates to their maturity and would have to reinvest at that time at a rate
equal to that indicated in paragraph 12 below for the remaining terms of the issues now offered, in
order to equal the interest he would receive by accepting the exchange offer. For example, if the
2y2% bonds of 6/15/67-72 are exchanged for the Sy2% bonds of 1990, the rate for the entire
twenty-seven years and eleven and one-half months will be %y2%. I f the exchange is not made, a
2i/2% rate will be received until June 15, 1972, requiring reinvestment of the proceeds of the 21/o ’s
at that time at a rate of at least 4.37% for the remaining seventeen years and eight months, all at
compound interest, to average out to a 3y2°/o rate for twenty-seren years and eleven and one-half
months. This minimum reinvestment rate for the extension period is shown in the table under para
graph 12. The minimum reinvestment rates for the other issues included in the exchange are also
shown in the table under paragraph 12.

12. Investment rates on the new or additional bonds offered in exchange to holders of the eligible 3%,
2 % % , or 2 y2% bonds:
3%

Feb. is,

Eligible bonds

g%%

1964

Bonds offered in e x c h a n g e ------

sy2%

Feb. 15,1965

sy2%

June 15,1972

sy2%

Sept. 15,1972

Dec. 15,1972

4%
A ug. 15,
1971

4%
Aug. 15,
1971

4%
Feb. 15,
1980

3!/2%
Feb. 15,
1990

3% %
Nov. 15,
1998

Sy2%
Feb. 15,
1990

3y2%
Nov. 15,
1998

—

$2.00

$0.25

$1.25

—

$1.50

$0.25

3 y 2%
Feb. 15,
1990

3% %
Nov. 15,
1998

Payments on account o f
$100 issue p r ic e :
B y s u b s crib e r ......................
To subscriber

$1.75

$0.50

A pproxim ate investment yield
from exchange date (3 /1 /6 2 )
to maturity o f bonds offered
in exchange based on price o f
bonds eligible fo r exchange1

4.11%

4.10%

4.2 0%

4.21%

4.19%

4.21%

4.1 9%

4.17%

A pp roxim ate minimum rein
vestment rate fo r the exten
sion period2...............................

4.3 2%

4.36%

4.3 6%

4.3 7%

4.30%

4.3 8%

4.30%

4.38%

4.30%

1 Yield to nontaxable holder or before tax. Based on mean of bid and ask prices (adjusted for payments on account of issue
price) at noon on February 14, 1962.
2 Rate for nontaxable holder or before tax. For explanation see paragraph 11 above.

UNITED STATES OF AMERICA
4 PERCENT TREASURY BONDS OF 1971
Dated and bearing interest from March 1, 1962

Due August 15, 1971

Interest Payable February 15 and August 15

Department Circular
Public Debt Series— No. 4 -6 2

TREASU RY DEPARTM ENT,
O ffice

of t h e

S ec r et ar y ,

Washington, February 19, 1962.
I.

OFFERING OF BONDS

1.
The Secretary of the Treasury, pursuant to the
authority of the Second Liberty Bond Act, as amended,
invites subscriptions from the people of the United States
for bonds of the Lnited States, designated 4 percent
1 reasury Bonds of 1971:
(1) at par in exchange for 3 percent Treasury Bonds
of 1964, dated February 14, 1958, due Feb
ruary 15, 1964; or
(2) at 102 percent of their face value in exchange
for 2% percent Treasury Bonds of 1965, dated
June 15,1958, due February 15, 1965. The cash
payment due from the subscriber on account of
the issue price of the new bonds ($20.00 per
$1,000) will be payable by the subscriber as set
forth in Section IV hereof.

Interest will be adjusted as of March 1, 1962, as set forth
in Section IV hereof. Delivery of the new bonds will be
made on March 9, 1962. The amount of the offering
under this circular will be limited to the amount of the
eligible securities tendered in exchange and accepted.
The books will be open for the receipt of subscriptions
for this issue from all classes of subscribers from Feb
ruary 19 through February 2 1 , 1962, and, in addition,
subscriptions may be submitted by individuals through
February 28, 1962. F or this purpose individuals are
defined as natural persons in their own right.
2.
In addition to the offering under this circular,
holders of the 2% percent Treasury Bonds of 1965 are
offered the privilege of exchanging all or any part of
such bonds for 4 percent Treasury Bonds of 1980, which
offering is set forth in Department Circular, Public

amount of the two series of bonds enumerated in para
graph one of Section I hereof, which should accompany
the subscription.

Debt Series— No. 5-62, issued simultaneously with this
circular.
3. Nonrecognition of gam or loss for Federal income
tax purposes.— Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added
by Public Law 86-346 (approved September 22, 1959),
the Secretary of the Treasury hereby declares that no
gain or loss shall be recognized for Federal income tax
purposes upon the exchange with the United States of
the eligible bonds enumerated in paragraph one of this
section solely for the 4 percent Treasury Bonds of
1971. Gain or loss, if any, upon the obligations surren
dered in exchange will be taken into account upon the
disposition or redemption of the new obligations.
II.

2. 3 percent bonds of 1964.— Coupons dated August
15, 1962, and all subsequent coupons, must be attached
to the 3 percent Treasury Bonds of 1964, in bearer form,
when surrendered. Accrued interest from February 15
to March 1, 1962 ($1.16022 per $1,000) will be paid to
subscribers, in the case of bearer bonds following their
acceptance and in the case of registered bonds following
discharge of registration. In the case of registered bonds,
the payment will be made by check drawn in accordance
with the assignments on the bonds surrendered, or by
credit in any account maintained by a banking institution
with the Federal Reserve Bank of its District.

DESCRIPTION OF BONDS

3. 2% percent bonds of 1965.— Coupons dated
August 15, 1962, and all subsequent coupons, must be
attached to the 2% percent Treasury Bonds of 1965, in
bearer form, when surrendered. Accrued interest from
February 15 to March 1, 1962 ($1.01519 per $1,000) on
the 2% percent bonds will be credited, the payment
($20.00 per $1,000) due the United States on account
of the issue price of the new bonds will be charged, and
the difference ($18.98481 per $1,000) must be paid by
subscribers and should accompany the subscription.

1. The bonds will be dated March 1, 1962, and will
bear interest from that date at the rate of 4 percent per
annum, payable on a semiannual basis on August 15,
1962, and thereafter on February 15 and August 15 in
each year until the principal amount becomes payable.
They will mature August 15, 1971, and will not be sub
ject to call for redemption prior to maturity.
2. The income derived from the bonds is subject to all
taxes imposed under the Internal Revenue Code of 1954.
The bonds are subject to estate, inheritance, gift or other
excise taxes, whether Federal or State, but are exempt
from all taxation now or hereafter imposed on the prin
cipal or interest thereof by any State, or any of the
possessions of the United States, or by any local taxing
authority.
3. The bonds will be acceptable to secure deposits of
public moneys. They will not be acceptable in payment
of taxes.
4. Bearer bonds with interest coupons attached, and
bonds registered as to principal and interest, will be
issued in denominations of $500, $1,000, $5,000, $10,000,
$100,000 and $1,000,000. Provision will be made for the
interchange of bonds of different denominations and of
coupon and registered bonds, and for the transfer of
registered bonds, under rules and regulations prescribed
by the Secretary of the Treasury.
5. The bonds will be subject to the general regulations
of the Treasury Department, now or hereafter pre
scribed, governing United States bonds.
III.

SUBSCRIPTION AND ALLOTMENT

1. Subscriptions will be received at the Federal
Reserve Banks and Branches and at the Office of the
Treasurer of the United States, Washington 25, D. C.
Banking institutions generally may submit subscriptions
for account of customers, provided the names of the cus
tomers are set forth in such subscriptions, but only the
Federal Reserve Banks and the Treasury Department
are authorized to act as official agencies.
2. The Secretary of the Treasury reserves the right
to reject or reduce any subscription, and to allot less
than the amount o f bonds applied fo r ; and any action
he may take in these respects shall be final. Subject to
these reservations, all subscriptions will be allotted in
full. Allotment notices will be sent out promptly upon
allotment.
IV.

VI.

GENERAL PROVISIONS

PAYMENT

1.
Payment for the face amount of bonds allotted
hereunder must be made on or before March 9, 1962, or
on later allotment, and may be made only in a like face

ASSIGNMENT OF REGISTERED BONDS

1. Treasury Bonds of the two eligible series in regis
tered form tendered in payment for bonds offered here
under should be assigned by the registered payees or
assignees thereof, in accordance with the general regula
tions of the Treasury Department governing assignments
for transfer or exchange, in one of the forms hereafter
set forth, and thereafter should be surrendered to a
Federal Reserve Bank or Branch or to the Office of the
Treasurer of the United States, Washington 25, D. C.
If the new bonds are desired registered in the same name
as the bonds surrendered in exchange, the assignment
should be to “ The Secretary of the Treasury for ex
change for 4 percent Treasury Bonds of 1971” ; if the
new bonds are desired registered in another name, the
assignment should be to “ The Secretary of the Treasury
for exchange for 4 percent Treasury Bonds of 1971 in
the name o f .............................. ’ ’ ; if new bonds in coupon
form are desired, the assignment should be to “ The
Secretary of the Treasury for exchange for 4 percent
Treasury Bonds of 1971 in coupon form to be delivered
t o .......................................................... ”

DOUGLAS DILLON,
Secretary of the Treasury.

UNITED STATES OF AMERICA
4 PERCENT TREASURY BONDS OF 1980
Due February 15, 1980

Dated January 23, 1959, with interest from March 1, 1962
Interest payable February 15 and August 15
A D D IT IO N A L ISSUE
Department Circular
Public Debt Series— No. 5-62

TREASU RY DEPARTM ENT,
O f f ic e

of t h e

Secretary,

Washington, February 19, 1962.
I.

O F F E R IN G OF BON DS

1. The Secretary of the Treasury, pursuant to the
authority of the Second Liberty Bond Act, as amended,
invites subscriptions, at 100.25 percent of their face
value and accrued interest, from the people of the United
States for bonds of the United States, designated 4 per
cent Treasury Bonds of 1980, in exchange for 2% per
cent Treasury Bonds of 1965, dated June 15, 1958, due
February 15, 1965. Interest adjustments as of March 1,
1962, and the cash payment ($2.50 per $1,000) due from
the subscriber on account of the issue price of the new
bonds will be made as set forth in Section IV hereof.
Delivery of the new bonds will be made on March 9,
1962. The amount of the offering under this circular
will be limited to the amount of the 2% percent Treas
ury Bonds of 1965 tendered in exchange and accepted.
The books will be open for the receipt o f subscriptions
for this issue from all classes of subscribers from Feb
ruary 19 through February 2 1 , 1962, and, in addition,
subscriptions may be submitted by individuals through
February 28, 1962. For this purpose individuals are
defined as natural persons in their own right.
2. In addition to the offering under this circular,
holders of the 2% percent Treasury Bonds of 1965 are
„ offered the privilege of exchanging all or any part of
such bonds for 4 percent Treasury Bonds of 1971, which
offering is set forth in Department Circular, Public Debt
Series— No. 4-62, issued simultaneously with this circu
lar.
3. Nonrecognition of gain or loss for Federal income
tax purposes.— Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added
by Public Law 86-346 (approved September 22, 1959),
the Secretary of the Treasury hereby declares that no
gam or loss shall be recognized for Federal income tax
purposes upon the exchange with the United States of
the 2% percent Treasury Bonds of 1965 solely for the 4
percent Treasury Bonds o f 1980. Gain or loss, if any,
upon the obligations surrendered in exchange will be
a eii into account upon the disposition or redemption
ot the new obligations.
II.

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

The bonds now offered will be an addition to and
wi form a part o f the series o f 4 percent Treasury
M i n o n , 80 lssued Pursuant to Department Circular
N o . 10^0 dated January 12, 1959, will be freely inter
changeable therewith, and are identical in all respects
therewith except that interest on the bonds to be issued
under this circular will accrue from March 1, 1962. SubAL.l
ithi n ^ 0Vlsi°111 for the accrual of interest from
i ' m i .
’ on V16 bonds now offered, the bonds are
Circular No. m h

g qU° tati° n fr ° m DePart” “ ‘

1 An exact half-year’s interest is computed for each full halfyear period irrespective o f the actual number of days in the half
year. For a fractional part of any half year, computation is on
the basis of the actual number of days in such half year.

August 15 in each year until the principal amount
becomes payable. They will mature February 15,
1980, and will not be subject to call for redemption
prior to maturity.
“ 2. The income derived from the bonds is subject
to all taxes imposed under the Internal Revenue Code
of 1954. The bonds are subject to estate, inheritance,
gift or other excise taxes, whether Federal or State,
but are exempt from all taxation now or hereafter
imposed on the principal or interest thereof by any
State, or any of the possessions of the United States,
or by any local taxing authority.
“ 3. The bonds will be acceptable to secure deposits
of public moneys.
“ 4. Bearer bonds with interest coupons attached,
and bonds registered as to principal and interest, will
be issued in denominations of $500, $1,000, $5,000,
$10,000, $100,000 and $1,000,000. Provision will be
made for the interchange of bonds of different de
nominations and of coupon and registered bonds, and
for the transfer of registered bonds, under rules and
regulations prescribed by the Secretary of the
Treasury.
“ 5. Any bonds issued hereunder which upon the
death of the owner constitute part of his estate, will
be redeemed at the option of the duly constituted
representatives of the deceased owner’s estate, at par
and accrued interest to date of payment,1 provided:
(a) that the bonds were actually owned by the
decedent at the time of his death; and
(b) that the Secretary of the Treasury be author
ized to apply the entire proceeds of redemption
to the payment of Federal estate taxes.
Registered bonds submitted for redemption hereunder
must be duly assigned to “ The Secretary of the
Treasury for redemption, the proceeds to be paid to
the District Director of Internal Revenue a t ..............
for credit on Federal estate taxes due from estate of
.............................. ” . Owing to the periodic closing of
the transfer books and the impossibility of stopping
payment of interest to the registered owner during the
closed period, registered bonds received after the clos
ing of the books for payment during such closed period
will be paid only at par with a deduction of interest
from the date of payment to the next interest payment
date;2 bonds received during the closed period for
payment at a date after the books reopen will be paid
at par plus accrued interest from the reopening of the
books to the date of payment. In either case checks for
the full six months’ interest due on the last day of the
closed period will be forwarded to the owner in due
course. All bonds submitted must be accompanied by

2 The transfer books are closed from January 16 to February 15
and from July 16 to August 15 (both dates inclusive) in each year!

when surrendered. Accrued interest from February 15
to March 1, 1962 ($1.01519 per $1,000) on the 2% per
cent bonds will be credited, accrued interest from Feb
ruary 15 to March 1, 1962 ($1.54696 per $1,000) plus
the payment ($2.50 per $1,000) due the United States on
account of the issue price of the new bonds will be
charged, and the difference ($3.03177 per $1,000) must
be paid by subscribers and should accompany the
subscription.

Form PD 1782,3 properly completed, signed and certi
fied, and by proof of the representatives’ authority in
tlie form of a court certificate or a certified copy of
the representatives’ letters of appointment issued by
the court. The certificate, or the certification to the
letters, must be under the seal of the court, and except
in the case of a corporate representative, must contain
a statement that the appointment is in full force and
be dated within six months prior to the submission of
the bonds, unless the certificate or letters show that the
appointment was made within one year immediately
prior to such submission. Upon payment of the bonds
appropriate memorandum receipt will be forwarded to
the representatives, which will be followed in due
course by formal receipt from the District Director of
Internal Revenue.
“ 6. The bonds will be subject to the general regu
lations of the Treasury Department, now or hereafter
prescribed, governing United States bonds.”
III.

ASSIGNMENT OF REGISTERED BONDS

1. Treasury Bonds of 1965 in registered form ten
dered in payment for bonds offered hereunder should be
assigned by the registered payees or assignees thereof,
in accordance with the general regulations of the Treas
ury Department governing assignments for transfer or
exchange, in one of the forms hereafter set forth, and
thereafter should be surrendered to a Federal Reserve
Bank or Branch or to the Office of the Treasurer of the
United States, Washington 25, D. C. If the new bonds
are desired registered in the same name as the bonds sur
rendered in exchange, the assignment should be to “ The
Secretary of the Treasury for exchange for 4 percent
Treasury Bonds of 1980” ; if the new bonds are desired
registered in another name, the assignment should be to
‘ ‘ The Secretary of the Treasury for exchange for 4 per
cent Treasury Bonds of 1980 in the name o f .............. . ” ;
if new bonds in coupon form are desired, the assign
ment should be to “ The Secretary of the Treasury for
exchange for 4 percent Treasury Bonds of 1980 in cou
pon form to be delivered to ......................

SUBSCRIPTION AND ALLOTMENT

1. Subscriptions will be received at the Federal
Reserve Banks and Branches and at the Office of the
Treasurer of the United States, Washington 25, D. C.
Banking institutions generally may submit subscriptions
for account of customers, provided the names of the cus
tomers are set forth in such subscriptions, but only the
Federal Reserve Banks and the Treasury Department
are authorized to act as official agencies.
2. The Secretary of the Treasury reserves the right
to reject or reduce any subscription, and to allot less than
the amount of bonds applied f o r ; and any action he may
take in these respects shall be final. Subject to these
reservations, all subscriptions will be allotted in full.
Allotment notices will be sent out promptly upon
allotment.

VI.

GENERAL PROVISIONS

1. As fiscal agents of the United States, Federal
Reserve Banks are authorized and requested to receive
subscriptions, to make allotments on the basis and up to
the amounts indicated by the Secretary of the Treasury
to the Federal Reserve Banks of the respective Districts,
IV. PAYMENT
to issue allotment notices, to receive payment for bonds
1.
Payment for the face amount of bonds allotted allotted, to make delivery of bonds on full-paid subscrip
hereunder must be made on or before March 9, 1962, or
tions allotted, and they may issue interim receipts pend
on later allotment, and may be made only in a like face
ing delivery of the definitive bonds.
amount of 2% percent Treasury Bonds of 1965, which
2. The Secretary of the Treasury may at any time,
should accompany the subscription. Coupons dated
or from time to time, prescribe supplemental or amenda
August 15, 1962, and all subsequent coupons, must be
tory rules and regulations governing the offering, which
attached to the 2% percent bonds of 1965 in bearer form
will be communicated promptly to the Federal Reserve
Banks.
3 Copies o f Form PD 1782 may be obtained from any Federal
DOUGLAS DILLON,
Reserve Bank or from the Treasury Department, Washington 25,
D. C.
Secretary of the Treasury.

UNITED STATES OF AMERICA
3 y2 PERCENT TREASURY BONDS OF 1990
Due February 15, 1990

Dated February 14, 1958, with interest from March 1, 1962
Interest payable February 15 and August 15
ADDITIONAL ISSUE
Department Circular
Public Debt Series— No. 6-62

TREASU RY DEPARTM ENT,
O f f ic e

the

S ecretary,

Washington, February 19, 1962.
I.

OFFERING OF BONDS . „

1.
The Secretary of the Treasury, pursuant to the
authority o f the Second Liberty Bond Act, as amended,
invites subscriptions from the people of the United States

for bonds of the United States, designated 3% percent
Treasury Bonds of 1990:
(1) at 101.50 percent of their face value in exchange
for 2Y2 percent Treasury Bonds of 1967-72,

dated October 20, 1941, due September 15,1972,
in amounts of $500 or multiples thereof;

and will not be subject to call for redemption prior to
maturity.

(2) at 101.25 percent of their face value in exchange
for 2
percent Treasury Bonds of 1967-72,
dated June 1, 1945, due June 15, 1972; or

“ 2. The income derived from the bonds is subject
to all taxes imposed under the Internal Revenue Code
of 1954. The bonds are subject to estate, inheritance,
gift or other excise taxes, whether Federal or State,
but are exempt from all taxation now or hereafter
imposed on the principal or interest thereof by any
State, or any of the possessions of the United States,
or by any local taxing authority.

(3) at 101.75 percent of their face value in exchange
for 2i/2 percent Treasury Bonds of 1967-72,
dated November 15, 1945, due December 15,
1972.
The cash payments due from the subscriber on account
of the issue prices of the new bonds issued in exchange
for the 2y> percent Treasury Bonds, (a) dated October
20, 1941, due September 15, 1972 ($15.00 per $1,000),
(b) dated June 1, 1945, due June 15, 1972 ($12.50
per $1,000), and (c) dated November 15, 1945, due
December 15, 1972 ($17.50 per $1,000) will be pay
able by the subscriber as set forth in Section IV hereof.
Interest will be adjusted as of March 1,1962, as set forth
in Section IV hereof. Delivery of the new bonds will be
made on March 16, 1962. The amount of the offering
under this circular will be limited to the amount of the
eligible bonds tendered in exchange and accepted. The
books will be open for the receipt of subscriptions for
this issue from all classes of subscribers from February
19 through February 21, 1962, and, in addition, sub
scriptions may be submitted by individuals through
February 28, 1962. For this purpose individuals are
defined as natural persons in their own right.

“ 3. The bonds will be acceptable to secure deposits
of public moneys.
“ 4. Bearer bonds with interest coupons attached,
and bonds registered as to principal and interest, will
be issued in denominations of $500, $1,000, $5,000,
$10,000, $100,000 and $1,000,000. Provision will be
made for the interchange of bonds of different de
nominations and of coupon and registered bonds, and
for the transfer of registered bonds, under rules and
regulations prescribed by the Secretary o f the
Treasury.
“ 5. Any bonds issued hereunder which upon the
death of the owner constitute part of his estate, will
be redeemed at the option of the duly constituted
representatives of the deceased owner’s estate, at par
and accrued interest to date of payment,1 provided:
(a) that the bonds were actually owned by the
decedent at the time of his death; and

2. In addition to the offering under this circular,
holders of the eligible bonds are offered the privilege of
exchanging all or any part of such bonds for 3^ 2 percent
Treasury Bonds of 1998, which offering is set forth in
Department Circular, Public Debt Series— No. 7-62,
issued simultaneously with this circular.

(b) that the Secretary of the Treasury be author
ized to apply the entire proceeds of redemption
to the payment of Federal estate taxes.
Registered bonds submitted for redemption hereunder
must be duly assigned to “ The Secretary of the
Treasury for redemption, the proceeds to be paid to
the District Director of Internal Revenue a t ..............
for credit on Federal estate taxes due from estate of
................................” Owing to the periodic closing of
the transfer books and the impossibility of stopping
payment of interest to the registered owner during the
closed period, registered bonds received after the clos
ing of the books for payment during such closed period
will be paid only at par with a deduction of interest
from the date of payment to the next interest payment
date;2 bonds received during the closed period for
payment at a date after the books reopen will be paid
at par plus accrued interest from the reopening of the
books to the date of payment. In either case checks for
the full six months’ interest due on the last day of the
closed period will be forwarded to the owner in due
course. All bonds submitted must be accompanied by
Form PD 1782,3 properly completed, signed and certi
fied, and by proof of the representatives’ authority in
the form of a court certificate or a certified copy of
the representatives’ letters of appointment issued by
the court. The certificate, or the certification to the
letters, must be under the seal of the court, and except
in the case of a corporate representative, must contain
a statement that the appointment is in full force and

3. Nonrecognition of gain or loss for Federal income
tax ^purposes.— Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code o f 1954 as added
by Public Law 86-346 (approved September 22, 1959),
the Secretary of the Treasury hereby declares that no
gain or loss shall be recognized for Federal income tax
purposes upon the exchange with the United States of
the eligible bonds enumerated in paragraph one of this
section^ solely for the
percent Treasury Bonds of
1990 Gain or loss, if any, upon the obligations surren
dered in exchange will be taken into account upon the
disposition or redemption of the new obligations.
II.

DESCRIPTION OF BONDS

^ e ^ n d s now offered will be an addition to and
will form a part of the series of 3 Y2 percent Treasury
onds of 1990 issued pursuant to Department Circulars
Nos 10°5 1051 and 1066, dated February 3, 1958, Sep
tember 12, 1960, and September 11, 1961, respectively,
will be freely interchangeable therewith, and are identica m all respects therewith except that interest on the
bonds to be issued under this circular will accrue from
laich 1, 1j62. Subject to the provision for the accrual
f interest from March 1, 1962, on the bonds now offered,
the bonds are described in the following quotation from
Department Circular No. 1005:

1 An exact half-y ea r’s interest is computed for each full halfyear period irrespective of the actual number of days in the half

will k The b °nds win be dated February 14,1958, and
* ill bear interest from that date at the rate of 3% per-

?iTari. ^ '°r
^rac^ ona^ Par*
any half year, computation is on
the basis of the actual number of days in such half year.
2 The transfer books are closed from January 16 to February 15
and from July 16 to August 15 (both dates inclusive), in each year!

PT i le ° n a semia»nual basis on
A u S
*
’ i
thereafter on February 15 and
u„ust 1o in each year until the principal amount
becomes payable. They will mature February 15 1 9 9 0

3 <opies of 1 orm P D 1 / 8 2 may be obtained from any Federal
Reserve Bank or from the Treasury Department, Washington 25,

be dated within six months prior to the submission of
the bonds, unless the certificate or letters show that the
appointment was made within one year immediately
prior to such submission. Upon payment of the bonds
appropriate memorandum receipt will be forwarded to
the representatives, which will be followed in due
course by formal receipt from the District Director of
Internal Revenue.
“ 6. The bonds will be subject to the general regu
lations of the Treasury Department, now or hereafter
prescribed, governing United States bonds.”
III.

SUBSCRIPTION AND ALLOTMENT

PAYMENT

1. Payment for the face amount of bonds allotted
hereunder must be made on or before March 16, 1962, or
on later allotment, and may be made only in a like face
amount of the three series of bonds enumerated in para
graph one of Section I hereof, which should accompany
the subscription.
2. 2^ 2 percent bonds of September 15,1972.— Coupons
dated March 15, 1962, and all subsequent coupons, must
be attached to the 2y 2 percent bonds due September 15,
1972, in bearer form, when surrendered. Accrued inter
est from September 15,1961, to March 1,1962 ($11.53315
per $1,000) on the 2% percent bonds will be credited,
accrued interest from February 15 to March 1, 1962
($1.35359 per $1,000) plus the payment ($15.00
per $1,000) due the United States on account of the
issue price of the new bonds will be charged, and the
difference ($4.82044 per $1,000) must be paid by sub
scribers and should accompany the subscription.

ASSIGNMENT OF REGISTERED BONDS

VI.

GENERAL PROVISIONS

3. 2y 2 percent bonds of June 15, 1972.— Coupons
dated June 15, 1962, and all subsequent coupons, must
be attached to the 2y 2 percent bonds due June 15, 1972,
in bearer form, when surrendered. Accrued interest from
December 15, 1961, to March 1, 1962 ($5.21978 per
$1,000) on the 2y 2 percent bonds will be credited, ac
crued interest from February 15 to March 1, 1962
($1.35359 per $1,000) plus the payment ($12.50 per

4.
2y 2 percent bonds of December 15,1972.— Coupons
dated June 15, 1962, and all subsequent coupons, must
be attached to the 2y 2 percent bonds due December 15,
1972, in bearer form, when surrendered. Accrued interest
from December 15, 1961, to March 1, 1962 ($5.21978 per
$1,000) on the 2y 2 percent bonds will be credited, ac
crued interest from February 15 to March 1, 1962
($1.35359 per $1,000) plus the payment ($17.50 per
$1,000) due the United States on account of the issue
price of the new bonds will be charged, and the differ
ence ($13.63381 per $1,000) must be paid by subscribers
and should accompany the subscription.
1. Treasury bonds of the three eligible series in regis
tered form tendered in payment for bonds offered here
under should be assigned by the registered payees or
assignees thereof, in accordance with the general regula
tions of the Treasury Department governing assignments
for transfer or exchange, in one of the forms hereafter
set forth, and thereafter should be surrendered to a
Federal Reserve Bank or Branch or to the Office of the
Treasurer of the United States, Washington 25, D. C.
I f the new bonds are desired registered in the same name
as the bonds surrendered in exchange, the assignment
should be to “ The Secretary of the Treasury for ex
change for 3y 2 percent Treasury Bonds of 1990” ; if the
new bonds are desired registered in another name, the
assignment should be to “ The Secretary of the Treasury
for exchange for 3x/2 percent Treasury Bonds of 199*0
in the name o f ........................ ” ; if new bonds in coupon
form are desired, the assignment should be to “ The
Secretary of the Treasury for exchange for V -/2 percent
Treasury Bonds of 1990 in coupon form to be delivered
to ...................................................... ”

2. The Secretary of the Treasury reserves the right
to reject or reduce any subscription, and to allot less than
the amount of bonds applied f o r ; and any action he may
take in these respects shall be final. Subject to these
reservations, all subscriptions will be allotted in full.
Allotment notices will be sent out promptly upon
allotment.
IV.

$1,000) due the United States on account of the issue
price of the new bonds will be charged, and the differ
ence ($8.63381 per $1,000) must be paid by subscribers
and should accompany the subscription.

2. The Secretary of the Treasury may at any time,
or from time to time, prescribe supplemental or amenda
tory rules and regulations governing the offering, which
will be communicated promptly to the Federal Reserve
Banks.
DOUGLAS DILLON,
Secretary of the Treasury.

UNITED STATES OF AMERICA
3V2 PERCENT TREASURY BONDS OF 1998
Dated October 3, 1960, with interest from March 1, 1962

Due November 15, 1998

Interest payable May 15 and November 15
ADDITIONAL ISSUE

TREASU RY DEPARTM ENT,

Department Circular
Public Debt Series— No. 7 -62

OFFICE OF THE SECRETARY,

Washington, February 19, 1962.
I.

OFFERING OF BONDS

1. The Secretary of the Treasury, pursuant to the
authority of the Second Liberty Bond Act, as amended,
invites subscriptions from the people of the United States
for bonds of the United States, designated 3x/2 percent
Treasury Bonds of 1998:
(1) at 100.25 percent of their face value in exchange
for 2Yz percent Treasury Bonds of 1967-72,
dated October 20, 1941, due September 15,1972,
in amounts of $500 or multiples thereof;
(2) at par in exchange for 2Y2 percent Treasury
Bonds of 1967-72, dated June 1, 1945, due June
15, 1972; or
(3) at 100.50 percent of their face value in exchange
for 2Yi percent Treasury Bonds o f 1967-72,
dated November 15, 1945, due December 15,
1972.
The cash payments due from the subscriber on account
of the issue prices of the new bonds issued in exchange
for the 2Yz percent Treasury Bonds, (a) dated October
20, 1941, due September 15, 1972 ($2.50 per $1,000),
and (b) dated November 15, 1945, due December 15,
1972 ($5.00 per $1,000) will be payable by the subscriber
as set forth in Section IV hereof. Interest will be ad
justed as of March 1, 1962, as set forth in Section IV
hereof. Delivery of the new bonds will be made on
March 16, 1962. The amount of the offering under this
circular will be limited to the amount of the eligible
bonds tendered in exchange and accepted. The books will
be open for the receipt of subscriptions for this issue
from all classes of subscribers from February 19 through
February 2 1 , 1962, and, in addition, subscriptions may
be submitted by individuals through February 28, 1962.
For this purpose individuals are defined as natural per
sons in their own right.
2. In addition to the offering under this circular,
holders of the eligible bonds are offered the privilege of
exchanging all or any part of such bonds for 3Y2 percent
Treasury Bonds of 1990, which offering is set forth in
Department Circular, Public Debt Series— No. 6-62,
issued simultaneously with this circular.
3. Nonrecognition of gain or loss for Federal income
tax purposes.— Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added
by Public Law 86-346 (approved September 22, 1959),
the Secretary of the Treasury hereby declares that no
gain or loss shall be recognized for Federal income tax
purposes upon the exchange with the United States of
the eligible bonds enumerated in paragraph one of this
i q o q 011^
^
^0,r
P e r c e n t Treasury Bonds of
,
, p ain or loss, if any, upon the obligations surren
dered in exchange will be taken into account upon the
disposition or redemption of the new obligations.
II.

Bonds of 1998 issued pursuant to Department Circulars
Nos. 1052 and 1067, dated September 12, 1960, and
September 11, 1961, respectively, will be freely inter
changeable therewith, and are identical in all respects
therewith except that interest on the bonds to be issued
under this circular will accrue from March 1, 1962.
Subject to the provision for the accrual of interest from
March 1, 1962, on the bonds now offered, the bonds are
described in the following quotation from Department
Circular No. 1052:

DESCRIPTION OF BONDS

“ 1. The bonds will be dated October 3, 1960, and
will bear interest from that date at the rate of SY2
percent per annum, payable on a semiannual basis on
May 15 and November 15, 1961, and thereafter on
May 15 and November 15 in each year until the prin
cipal amount becomes payable. They will mature
November 15, 1998, and will not be subject to call for
redemption prior to maturity.
“ 2. The income derived from the bonds is subject
to all taxes imposed under the Internal Revenue Code
of 1954. The bonds are subject to estate, inheritance,
gift or other excise taxes, whether Federal or State,
but are exempt from all taxation now or hereafter
imposed on the principal or interest thereof by any
State, or any of the possessions of the United States,
or by any local taxing authority.
“ 3. The bonds will be acceptable to secure deposits
of public moneys.
“ 4. Bearer bonds with interest coupons attached,
and bonds registered as to principal and interest, will
be issued in denominations of $500, $1,000, $5,000,
$10,000, $100,000 and $1,000,000. Provision will be
made for the interchange of bonds of different de
nominations and of coupon and registered bonds, and
for the transfer of registered bonds, under rules and
regulations prescribed by the Secretary of the
Treasury.
“ 5. Any bonds issued hereunder which upon the
death of the owner constitute part of his estate, will
be redeemed at the option of the duly constituted
representatives of the deceased owner’s estate, at par
and accrued interest to date of payment,1 provided:
(a) that the bonds were actually owned by the
decedent at the time of his death; and
(b) that the Secretary of the Treasury be author
ized to apply the entire proceeds of redemption
to the payment of Federal estate taxes.
Registered bonds submitted for redemption hereunder
must be duly assigned to “ The Secretary of the
Treasury for redemption, the proceeds to be paid to
the District Director of Internal Revenue a t ..............
1

An exact half-year’s interest is computed for each full half-

1.
The bonds now offered will be an addition to and year period irrespective o f the actual number of days in the half
year. For a fractional part of any half year, computation is on
will form a part of the series of 3Yz percent Treasury
the basis of the actual number o f days in such half year.

. 11

accrued interest from November 15, 1961, to March 1,
1962 ($10.24862 per $1,000) plus the payment ($2.50
per $1,000) due the United States on account of the
issue price of the new bonds will be charged, and the
difference ($1.21547 per $1,000) must be paid by sub
scribers and should accompany the subscription.
3. 2 y 2 percent bonds of June 15, 1972.— Coupons
dated June 15, 1962, and all subsequent coupons, must
be attached to the 2y 2 percent bonds due June 15, 1972,
in bearer form, when surrendered. Accrued interest from
December 15, 1961, to March 1, 1962 ($5.21978 per
$1,000) on the 2 y 2 percent bonds will be credited, ac
crued interest from November 15, 1961, to March 1, 1962
($10.24862 per $1,000) due the United States on the new
bonds will be charged, and the difference ($5.02884 per
$1,000) must be paid by subscribers and should accom
pany the subscription.
4. 2 x/2 percent bonds of December 15,1972.— Coupons
dated June 15, 1962, and all subsequent coupons, must
be attached to the 2y 2 percent bonds due December 15,
1972, in bearer form, when surrendered. Accrued interest
from December 15, 1961, to March 1, 1962 ($5.21978 per
$1,000) on the 2y 2 percent bonds will be credited, ac
crued interest from November 15, 1961, to March 1, 1962
($10.24862 per $1,000) plus the payment ($5.00 per
$1,000) due the United States on account of the issue
price of the new bonds will be charged, and the differ
ence ($10.02884 per $1,000) must be paid by subscribers
and should accompany the subscription.

for credit on Federal estate taxes due from estate of
................................” Owing to the periodic closing of
the transfer books and the impossibility of stopping
payment of interest to the registered owner during the
closed period, registered bonds received after the clos
ing of the books for payment during such closed period
will be paid only at par with a deduction of interest
from the date of payment to the next interest payment
date;2 bonds received during the closed period for
payment at a date after the books reopen will be paid
at par plus accrued interest from the reopening of the
books to the date of payment. In either case checks for
the full six months ’ interest due on the last day of the
closed period will be forwarded to the owner in due
course. All bonds submitted must be accompanied by
Form PD 1782,3 properly completed, signed and certi
fied, and by proof of the representatives’ authority in
the form of a court certificate or a certified copy of
the representatives’ letters of appointment issued by
the court. The certificate, or the certification to the
letters, must be under the sea] of the court, and except
in the case of a corporate representative, must contain
a statement that the appointment is in full force and
be dated within six months prior to the submission of
the bonds, unless the certificate or letters show that the
appointment was made within one year immediately
prior to such submission. Upon payment of the bonds
appropriate memorandum receipt will be forwarded to
the representatives, which will be followed in due
course by formal receipt from the District Director of
Internal Revenue.
“ 6. The bonds will be subject to the general regu
lations of the Treasury Department, now or hereafter
prescribed, governing United States bonds.”
HI.

SUBSCRIPTION AND ALLOTMENT

1. Subscriptions will be received at the Federal
Reserve Banks and Branches and at the Office of the
Treasurer of the United States, Washington 25, D. C.
Banking institutions generally may submit subscriptions
for account of customers, provided the names of the cus
tomers are set forth in such subscriptions, but only the
Federal Reserve Banks and the Treasury Department
are authorized to act as official agencies.
2. The Secretary of the Treasury reserves the right
to reject or reduce any subscription, and to allot less than
the amount of bonds applied f o r ; and any action he may
take in these respects shall be final. Subject to these
reservations, all subscriptions will be allotted in full.
Allotment notices will be sent out promptly upon
allotment.
IV.

PAYMENT

VI.

1. Payment for the face amount of bonds allotted
hereunder must be made on or before March 16, 1962, or
on later allotment, and may be made only in a like face
amount of tie three series of bonds enumerated in para
graph one of Section I hereof, which should accompany
the subscription.
2. 2 \2 percent bonds of September 15,1972.— Coupons
dated March 15, 1962, and all subsequent coupons, must
be attached to the 2y 2 percent bonds due September 15,
1972, in bearer form, when surrendered. Accrued inter
est from September 15,1961, to March 1,1962 ($11.53315
per $1,000) on the 2y 2 percent bonds will be credited,

GENERAL PROVISIONS

2 The transfer books are closed from April 16 to M ay 15, and from
October 16 to November 15 (both dates inclusive) in each year.

3 Copies o f Form PD 1782 may be obtained from any Federal
Reserve Bank or from the Treasury Department, Washington 25,
D. C.

ASSIGNMENT OF REGISTERED BONDS

1. Treasury bonds of the three eligible series in regis
tered form tendered in payment for bonds offered here
under should be assigned by the registered payees or
assignees thereof, in accordance with the general regula
tions of the Treasury Department governing assignments
for transfer or exchange, in one of the forms hereafter
set forth, and thereafter should be surrendered to a
Federal Reserve Bank or Branch or to the Office of the
Treasurer of the United States, Washington 25, D. C.
I f the new bonds are desired registered in the same name
as the bonds surrendered in exchange, the assignment
should be to “ The Secretary of the Treasury for ex
change for 32/2 percent Treasury Bonds of 1998” ; if the
new bonds are desired registered in another name, the
assignment should be to “ The Secretary of the Treasury
for exchange for 3y 2 percent Treasury Bonds of 1998
in the name o f ........................ ” ; if new bonds in coupon
form are desired, the assignment should be to “ The
Secretary of the Treasury for exchange for 3y 2 percent
Treasury Bonds of 1998 in coupon form to be delivered
t o .................................................... ”

Secretary of the Treasury.

Subscription No.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 4 Percent Treasury Bonds of 1971
Dated March 1, 1962, Due August 15, 1971

B EARE R BONDS DESIRED IN EXCH AN G E
^ ( Use schedule on reverse side for REGISTERED bonds)

Denomi
nation

Dispose of securities issued as follow s:

(Leave this space blank)

Face amount

500
1,000

5,000

□

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

10,000
100,000

1,000,000
TO TAL
The undersigned hereby certifies that the
securities 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 A L L CLASSES of
ubscribers from February 19 through
7ebruary 21, 1962 and, in addition,
ubscriptions may be submitted by or
or account of INDIVIDUALS through
■ebruary 2 8, 1962.

(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.)

Submitted by
(Please print)

B y.

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

(Authorized signature(s) required)

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

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

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

Address ........

(Spaces below are for the use of the Federal Reserve Bank of New York)
S a f e k e e p in g R ecord

teceived

Checked
and

ielivered

Received from F e d e r a l R e s e r v e B a n k o f N e w
States obligations in the amount subscribed for.
Subscriber
D ate..........

By.

ork

the above described United

(Indicate under appropriate denominations, number of bonds desire
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Mail registered bonds to

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000,

lbscriber’ s Reference No.

(Please type or print legibly and submit in triplicate)

Subscription No.

A -l

EXCHANGE SUBSCRIPTION
For United States of America 4 Percent Treasury Bonds of 1971
Dated March 1, 1962, Due August 15, 1971
Im p o rta n t In stru c tio n s.
1. Securities of different issues surrendered in exchange may be listed together on the
tame subscription form, except that a separate subscription form should be used (a ) for listing bearer securities
turrendered, (b) for listing registered securities surrendered, and (c ) for each group of new securities for which
lifferent delivery instructions are given. 2. Separate subscription forms should be used for bearer securities and
.egistered securities desired in exchange. 3. Signatures are required on original only; all other filled-in matter should
ippear in triplicate.

Federal R eserve B ank of New Y ork,
Dated a t ..................................................
Fiscal Agent of the United States,
,
New York 45, N. Y.
................................................................1962
Attention: Government Bond Division
Dear Sirs :
Subject to the provisions of Treasury Department Circular No. 4-62, Public Debt Series, dated
February 19, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
Sonds of 1971, in the amount of $ .......................................... * and tenders in payment therefor a like par
mount of the securities—
Delivered to you herew ith...........................................................................................

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

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

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

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

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

* (Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
>j

T ota l am ount

(List serial numbers on reverse side)

~°7o Treasury Bonds of 1964 ...........................................................................................

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

_ % % Treasury Bonds of 1965 ......................................................................................

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

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

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

( I f bearer bonds are surrendered, coupons dated August 15, 1962 and all subsequent coupons must be attached.)

On 3% bonds of 1964 surrendered, pay accrued interest* to March 1, 1962 ($1.16022 per $1,000),
s follow s:
- D By check
Q Bv credit to our reserve account
On 2 % % bonds of 1965 surrendered, payment of premium less accrued interest* to March 1, 1962
$18.98481 per $1,000), is made as follows:
□ By check herewith
□ By charge to our reserve account
* See section I V of Treasury Department Circular No. 4-62, Public Debt Series.
(Signature(s) required also on Delivery Instructions below)

(Do not fill in boxes below)
G o v e r n m e n t B o n d D iv is io n

Received

Checked

Submitted by

...................
(Please print)

Canceled

b 7 ........................................................,

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

(Authorized signature(s) required)

Title......................................................
Address ...........................

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

(If 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 of account
( Please print or typewrite)

3% Bonds

2 % % Bonds

1964

1965

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

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

Our own account ........................................
Totals ............

Denominations and Serial Numbers of Securities Surrendered
I ssue

3 % Bonds
1964

2 % % Bonds
1965

Subscription No.

SECURITY RECORDS “OUT TICKET”
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 4 Percent Treasury Bonds of 1971
Dated March 1, 1962, Due August 15, 1971
------------- .—

...— ........ —

............................—

......

--------------------------------------■ ■

BEA RE R BONDS DESIRED IN EXCH ANGE
D e n om i
nation

Dispose of securities issued as follow s:

(L e a v e this space blank)

500

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

□

F ace am ount

bonds)

1 ,0 0 0

’ ieces

REGISTERED

5 ,0 0 0

1 0 ,0 0 0

1 0 0 ,0 0 0

1 ,0 0 0 ,0 0 0

TOTAL

Submitted by

Address

....,

( Use schedule on reverse side for

Schedule for Issue of Registered Bonds
( I f registered bonds, which are mailed directly by Treasury Department, Washington, D. C., are not to be sent to th
registered owner, give mailing instructions below.)

(Indicate under appropriate denominations, number of bonds desir
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000

Mail registered bonds to

;." i

lbscriber’s Reference No.

DUPLICATE— SECURITY RECORDS “IN TICKET”

Subscription No.

A-2

EXCHANGE SUBSCRIPTION
For United States of America 4 Percent Treasury Bonds of 1971
Dated March 1, 1962, Due August 15, 1971

Federal R eserve B an k op N ew Y ork ,
Fiscal A gent o f the United States,
New Y ork 45, N. Y .

Dated a t ..........................................................
.................................................................... 1962

Dear S irs :
Subject to the provisions of Treasury Department Circular No. 4-62, Public Debt Series, dated
February 19, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
k>nds of 1971, in the amount of $
* and tenders in payment therefor a like par
mount of the securities—
Delivered to you h e re w ith ................................................................................................

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

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

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

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

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

* (Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription. ” )

SECURITIES SURRENDERED
( List serial numbers on reverse side)

Vo !•

T ota l am ou nt

lsury Bonds of 1964 ...........................................................................................

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

% % Treasury Bonds of 1965 ......................................................................................

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

Total

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

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

(If bearer bonds are surrendered, coupons dated August 15, 1962 and all subsequent coupons must be attached.)

On 3% bonds of 1964 surrendered, pay accrued interest* to March 1, 1962 ($1.16022 per $1,000),
5 follow s:
□ By check

By credit to our reserve account

On 2% % bonds of 1965 surrendered, payment of premium less accrued interest* to March 1, 1962
$18.98481 per $1,000), is made as follows:
□ By check herewith
q By charge to our reserve account
* See section IV of Treasury Department Circular No. 4-62, Public Debt Series.

Submitted by

Address

(If 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)

Name and address of account

(heave this
space blank)

( Please print or typewrite)

3% Bonds

2 % % Bonds

1964

1965

Tot.

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

Our own account ........................................
Totals

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

Denominations and Serial Numbers of Securities Surrendered
I ssu e

Bonds
1964

2 % % Bonds
1965

$ ......

Subscription No.

NONNEGOTIABLE RECEIPT
o Subscriber:
ederal R eserve B a n k of N e w Y or k , Fiscal Agent of the United States, hereby acknowledges receipt of
^curities tendered with subscription numbered as above in exchange for
4
PERCENT TREASU RY BONDS OF 1971
ecurities allotted on this subscription will be delivered on
arch 9, 1962, in accordance with your instructions.
.................................................................................
Teller
Government Bond Division — Issues & Redemption Section

BEARE R BONDS D ESIRED IN EXCH ANGE
( Use schedule on reverse side for REGISTERED bonds)

Denomi
nation

Face amount

Dispose of securities issued as follow s:
□

( L e a v e this space H a n k )

□
500

□
1,000

□
□

5,000

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

10,000

100,000
1 ,000,000

TOTAL

F e d e ra l R eserve B a n k o f N e w Y o rk
j

- Fiscal Agent of the United States
(Date)

Submitted by

% are hereby authorized to deliver to
1
(Name of representative)

^>se signature appears below,

Address

$ ........................................... par amount
securities issued pursuant to this subscription.
Name ....................................................................
(Please print)
T o S u b sc r ib e r :
(Official signature required)

C
(Signature
of authorized representative)

If securities are to be delivered over the
counter at this Bank to your representative,
the authority in the box to the left should
be executed on the date of delivery.

(Indicate under appropriate denominations, number of bonds desir
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
( Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000

*( ••

Mail registered bonds to

TRIPLICATE— TREASURY REPORTS COPY

ibscriber’ s Reference No.

Subscription No.

A-3

EXCHANGE SUBSCRIPTION
For United States of America 4 Percent Treasury Bonds of 1971
Dated March 1, 1962, Due August 15, 1971

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

F ederal R eserve B a n k o f N ew Y o rk ,

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

................................................................1962

3 e a r S irs :

Subject to the provisions of Treasury Department Circular No. 4-62, Public Debt Series, dated
"ebruary 19, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
*>onds of 1971, in the amount of $........................................... * and tenders in payment therefor a like par
mount of the securities—
>
Delivered to you herew ith.............................................................................................. $..................................
To ,be withdrawn from securities held by y o u ........................................................ ... $..................................
To be delivered b y ........................ .............................................................................. ... $.................................
•(Please fill in on the reverse side the schedule " L i s t o f Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
(Lilt serial numbers on reverse side)

Total amount

% ^easu ry Bonds of 1964 ........................................................................................... ....... $ ..............................
b/8 % Treasury Bonds of 1965 ...................................................................................... ....... $ ............................
Total

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

( I f bearer bonds are surrendered, coupons dated August 15, 1962 and all subsequent coupons must be attached.)

On 3% bonds of 1964 surrendered, pay accrued interest* to March 1, 1962 ($1.16022 per $1,000),
follow s:
J By check
Q By credit to our reserve account
On 2 % % bonds of 1965 surrendered, payment of premium less accrued interest* to March 1, 1962
>18.98481 per $1,000), is made as follows:
j Q By check herewith
'
□ By charge to our reserve account
* See section I V of Treasury Department Circular No. 4-62, Public Debt Series.

Submitted by

Address

(If 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 of account
(Please print or typewrite)

3% Bonds
1964

.........

2 % % Bonds
1965

......

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

........

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

Totf

Our own account ........................................
Totals .................................................... $

Denominations and Serial Numbers of Securities Surrendered
I ssue

3% Bonds
1964

2 % % Bonds
1965

Subscription No.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
f

For United States of America 4 Percent Treasury Bonds of 1980
Dated January 23, 1959, witli Interest from March 1, 1962, Due February 15, 1980
ADDITIONAL ISSUE

BEA RE R BONDS D ESIRED IN EXCH ANGE
(.Use schedule on reverse side for REGISTERED bonds)

ieces

Denomi
nation

Dispose of securities issued as follow s:

(Leave this space blank)

Face amount

500
1,000

5,000

□

10,000

100,000

1,000,000
TOTAL
The undersigned hereby certifies that the
securities 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
subscriptions from A L L CLASSES of
subscribers from February 19 through
February 2 1, 1962 and, in addition,
subscriptions may be submitted by or
ror account of INDIVIDUALS through
February 2 8, 1962.________________ _

(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.)

Submitted by

............................................................
(Please print)

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

By. . . . . . .

(Authorized signature(s) required)

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

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

Address .........................................................................

(Spaces below are for the use of the Federal Reserve Bank of New York)
S a f e k e e p in g R ecord

Received

Checked
and

delivered

Received from F e d e r a l R e s e r v e B a n k o f N e w
States obligations in the amount subscribed for.
Subscriber
Date

By.

ork

the above described United

Schedule for Issue of Registered Bonds
( I f registered bonds, which are mailed directly by Treasury Department, Washington, D. C., are not to be sentfr
registered owner, give mailing instructions below.)
,

*<
\

(Indicate under appropriate denominations, number of bond.'

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

Amount

$500

$1,000

$5,000

$10,000

$100,000

Mail registered bonds to

Ibscriber’ s Reference N o.

(Please type or print legibly and submit in triplicate)

Subscription No.

B-l

E XC H A N G E SUBSCRIPTION

For United States of America 4 Percent Treasury Bonds of 1980
Dated January 23, 1959, with Interest from March 1, 1962, Due February 15, 1980
ADDITIONAL ISSUE

Im p o rta n t In stru c tio n s.
1. A separate subscription form should be used
rendered, (b) for listing registered securities surrendered, and (c) for each group
lelivery instructions are given. 2. Separate subscription forms should be used
securities desired in exchange. 3. Signatures are required on original only; all
n triplicate.

(a ) for listing bearer securities sur
of new securities for which different
for bearer securities and registered
other filled-in matter should appear

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

Fed eral R eserve B a n k of N e w Y o r k ,

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

................................................................1962

Attention: Government Bond Division
) e a r S ir s :

Subject to the provisions of Treasury Department Circular No. 5-62, Public Debt Series, dated
ary 19, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
of 1980, Additional Issue, in the amount of $........................................... * and tenders in payment
a like par amount of the securities—

/ered to you herew ith...........................................................................................

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

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

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

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

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

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

SECURITIES SURRENDERED
( List serial numbers on reverse side)

% %

Treasury Bonds of 1965 ......................................................................................

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

( I f bearer bonds are surrendered, coupons dated August 15, 1962 and all subsequent coupons must be attached.)

Payment of premium plus adjustment of interest* to March 1, 1962 ($3.03177 per $1,000) is made
> follows:
□

By check herewith

Q By charge to our reserve account

See section IV of Treasury Department Circular No. 5-62, Public Debt Series.
(Signature(s) required also on Delivery Instructions below)

(Do not fill in boxes below)
G o v e r n m e n t B o n d D iv is io n

Received

Checked

Submitted by

...................
(Please print)

Canceled

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

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

(Authorized signature(») required)

Title...............................................
Address

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

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

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

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

( Leave this
space blank)

Name and address of account
( Please print or typewrite )

—
2 % % Bon
1965

Our own account .............................. . !’
*
Totals .................................................... $

Denominations and Serial Numbers of Securities Surrendered
I

ssu e

2 % % Bonds
1965

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

Subscription No.

SECURITY RECORDS “OUT TICKET”
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 4 Percent Treasury Bonds of 1980
Dated January 23, 1959, with Interest from March 1, 1962, Due February 15, 1980
ADDITIONAL ISSUE

'
ieces

BEAKER BONDS D ESIRED IN EXCH ANGE
(Use schedule on reverse side for R E G IS T E R E D bonds)
Denomi
nation

Face amount

(Leave this space blank)

500

Dispose of securities issued as follow s:
I- Deliver over the counter to
the undersigned
□ 2. Hold in safekeeping (for
member bank only)
Hold as collateral for Treas
ury Tax and Loan Account
U 4. Ship to the undersigned
□ 5. Special instructions:
□

5,000

10,000

100,000

1,000,000
TOTAL

Submitted by

Address

□

1,000

(Indicate under appropriate denominations, number of bonds desired

office address for interest checks and other mail.
(Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1.0O0,0i

—

Mail registered bonds to

bscriber’ s Reference No.

DUPLICATE— SECURITY RECORDS 4tIN TICKET”

Subscription No.

B~2

EXC H A N G E SUBSCRIPTION

For United States of America 4 Percent Treasury Bonds of 1980
Dated January 23, 1959, with Interest from March 1, 1962, Due February 15, 1980
ADDITIONAL ISSUE

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

’’ e d e b a l R e s e r v e B a n k o f N e w Y o r k ,

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

................................................................ 1962

>e a r S i r s :

Subject to the provisions of Treasury Department Circular No. 5-62, Public Debt Series, dated
ebruary 19, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
onds of 1980, Additional Issue, in the amount of $
* and tenders in payment
lerefor a like par amount of the securities—
Delivered to you h erew ith ...........................................................................................

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

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

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

JTo be delivered b y .......................................................................................................

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

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

SECURITIES SURRENDERED
( List serial numbers on reverse side)

% %

Treasury Bonds of 1965 ......................................................................................

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

(If bearer bonds are surrendered, coupons dated August 1.5, 1962 and all subsequent coupons must be attached.)

Payment of premium plus adjustment of interest* to March 1, 1962 ($3.03177 per $1,000) is made
follow s:
□

By check herewith

□

By charge to our reserve account

* See section IV of Treasury Department Circular No. 5-62, Public Debt Series.

Submitted by

Address

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

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

Xame and address of account
( Please print or typeu rite)

2 % % Boi
1965 •

$ ........

Our own account ........................................

Totals .................................................... $ ............

Denominations and Serial Numbers of Securities Surrendered
I ssue

2 % % B ond s
1965

Subscription No.

NONNEGOTIABLE RECEIPT
To Subscriber:

Fiscal Agent of the United States, hereby acknowledges receipt of
iecurities tendered with subscription numbered as above in exchange for
4 PERCENT TREASU RY BONDS OF 1980, AD D ITIO N AL ISSUE
Securities allotted on this subscription will be delivered on
larch 9, 1962, in accordance with your instructions.
.................................................................................

Fed eral R eserve B a n k of N e w Y o r k ,

Teller
Government Bond Division — Issues & Redemption Section

B EARE R BONDS DESIRED IN EXCH ANGE
(U s e schedule on reverse side for REGISTERED bonds)

'ieces

Denomi
nation

Face amount

Dispose of securities issued as follow s:
1. Deliver over the counter to
the undersigned
□ 2. Hold in safekeeping (for
member bank only)
Hold as collateral for Treas
3.
□
ury Tax and Loan Account
□ 4. Ship to the undersigned
□ 5. Special instructions:

□

(Leave this space blanlc)

500

1,000

5,000

10,000

100,000

1,000,000

TO TAL

j F ederal R e serve B a n k

ork

Fiscal Agent of the United States
j

(Date)

Submitted

iu are hereby authorized to deliver to

i
(Name of representative)

lose signature appears below,

Address

$ ........................................... par amount
securities issued pursuant to this subscription.
Name .............................................
(Please print)

T o S u b scrib er: If
(Official signature required)

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

securities are to be delivered over the
counter at this Bank to your representative,
the authority in the box to the left should
be executed on the date of delivery.

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

Amount

$500

$1,000

$5,000

$10,000

$100,000

$l,000,ci0<

'■'1

- ..............—

Mail registered bonds to

"NTn

TRIPLICATE— TREASURY REPORTS COPY

'bscriber’ s Reference No.

V ^ -l

Subscription N o.

B-3

E XC H AN G E SUBSCRIPTION

For United States of America 4 Percent Treasury Bonds of 1980
Dated January 23, 1959, with Interest from March 1, 1962, Due February 15, 1980
ADDITIONAL ISSUE

I
I

J
Fe d e r a l R

eserve

B ank

N ew Y

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

ork,

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

................................................................1962

) e a r S ir s :

Subject to the provisions of Treasury Department Circular No. 5-62, Public Debt Series, dated
February 19, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
Sonds of 1980, Additional Issue, in the amount of $........................................... * and tenders in payment
herefor a like par amount of the securities—
Delivered to you herew ith..........................................................................................

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

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

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

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

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

‘ (Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
( List serial numbers on reverse side)

% % Treasury Bonds of 1965 ......................................................................................

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

( I f bearer bonds are surrendered, coupons dated August 15, 1962 and all subsequent coupons must be attached.)

Payment of premium plus adjustment of interest* to March 1, 1962 ($3.03177 per $1,000) is made
s follows:
□

By check herewith

□

By charge to our reserve account

* See section IV of Treasury Department Circular No. 5-62, Public Debt Series.

Submitted by

Address

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

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

Name and address of account
(Please print or typewrite)

2 % % Bo*
1965

$ .............. >

Our own account ........................................
Totals

Denominations and Serial Numbers of Securities Surrendered

Subscription No.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America V/z Percent Treasury Bonds of 1990
Dated February 14, 1958, with Interest from March 1, 1962, Due February 15, 1990
ADDITIONAL ISSUE

BEAK ER BONDS D ESIRED IN EXCH ANGE
( Use schedule on reverse side for REGISTERED bonds)

ieces

Denomi
nation

Dispose of securities issued as follow s:

(Leave this space blank)

Face amount

500

1,000
5,000

□

10,000

100,000

1,000,000
TOTAL

The undersigned hereby certifies that the
securities 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
subscriptions from A L L CLASSES of
Subscribers from February 19 through
February 21, 1962 and, in addition,
subscriptions may be submitted by or
or account of INDIVIDUALS through
rebruary 28, 1962.

(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.)

Submitted

by
(Please print)

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

By
(Authorized signature(s) required)

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

T itle . . .

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

Address

(Spaces below are for the use of the Federal Reserve Bank of New York)
S a f e k e e p in g R ecord

Received

•Checked
! andfor FRASER
Digitized
lelivered

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

By.

(Indicate under appropriate denominations, number of bonds
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1.

j -

‘

M ail registered bonds to

(Please type or print legibly and submit in triplicate)

lbscriber’ s Reference No.

Subscription No.

C -l

EXCHANGE SUBSCRIPTION
For United States of America 3 !2 Percent Treasury Bonds of 1990
Dated February 14, 1958 with Interest from March 1, 1962, Due February 15, 1990
ADDITIONAL ISSUE

Important Instructions.
1. Securities of different issues surrendered in exchange may be listed together on the
ame subscription form, except that a separate subscription form should be used (a ) for listing bearer securities
urrendered, (b) for listing registered securities surrendered, and (c) for each group of new securities for which
lifferent delivery instructions are given. 2. Separate subscription forms should be used for bearer securities and
egistered securities desired in exchange. 3. Signatures are required on original only; all other filled-in matter should
ippear in triplicate. 4. Subscriptions must be submitted in multiples of $500.
Federal R eserve B a n k

N ew Y

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

ork,

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

................................................................1962

Attention: Government Bond Division
) ear S irs :

Subject to the provisions of Treasury Department Circular No. 6-62, Public Debt Series, dated
^bruary 19, 1962, the undersigned hereby subscribes for United States of America 3V*> percent Treasury
>onds of 1990, Additional Issue, in the amount of $ ...................................* and tenders in payment therefor a
ke par amount of the securities —
Delivered to you herew ith...........................................................................................

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

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

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

'’o be delivered b y .......................................................................................................

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

' ^lease fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
( List serial numbers on reverse side)

(Do not fill in
column below)

Total Amount

v . % Treasury Bonds due June 15, 1972

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

Vt°/o Treasury Bonds due September 15, 1972
V i °7o Treasury Bonds due December 15, 1972
Total

. .

$
$

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

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

( I f bearer bonds maturing June 15 or December 15, 1972 are surrendered, coupons dated June 15, 1962 and subsequent
upons must be attached. I f bearer bonds maturing September 15, 1972 are surrendered, coupons dated March 15, 1962 and
bsequent coupons must be attached.)

Payment of premium less interest adjustment on securities surrendered in accordance with Section IV
Treasury Department Circular No. 6-62, Public Debt Series, is made as follow s:
□

By check herewith

□

By charge to our reserve account
(Signature(s) required also on Delivery Instructions below)

(Do not fill in boxe* below)
G o v e r n m e n t B o n d D iv is io n

Received

Checked

Submitted by
(Please print)

Canceled
B y ....................

By
(Authorized signature(s) required)

Title
Address

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

(If 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 of account
( Please print or typewrite)

2 % % Bonds 2 x/ t % Bonds 2 % % Bonds
June 1967-72 Sept. 1967-72 Dec. 1967-72

Total

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

Our own account ........................................
Totals .................................................... $ ..............

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

Denominations and Serial Numbers of Securities Surrendered
I ssue

2 % % Bonds
June 1967-72

2 y?% Bonds
Sept. 1967-72

Bonds

Dec. 1967-72

Subscription No.

SECURITY RECORDS “OUT TICKET”
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3Vz Percent Treasury Bonds of 1990
Dated February 14, 1958. with Interest from March 1, 1962, Due February 15, 1990
ADDITIONAL ISSUE

BEARE R BONDS DESIRED IN EXCH ANGE
(Use schedule on reverse side for REGISTERED bonds)

ieces

Denomi
nation
$

Face amount

(Leave this space blank)

500
1,000
5,000
10,000
100,000

1,000,000
TOTAL

Submitted by

Address

Dispose of securities issued as follow s:
□

Schedule for Issue of Registered Bonds
( I f registered bonds, which are mailed directly by Treasury Department, Washington, D. C., are not to be sent to the
registered owner, give mailing instructions below.)
(Indicate under appropriate denominations, number of bonds liesired^
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000,0(

Mail registered bonds to

bscriber’ a Reference No.

DUPLICATE—SECURITY RECORDS UIN TICKET”

Subscription No.

0 -2

E XC H A N G E SUBSCRIPTION

For United States of America 3^2 Percent Treasury Bonds of 1990
Dated February 14, 1958 with Interest from March 1, 1962, Due February 15, 1990
ADDITIONAL ISSUE

Federal R eserve B a n k

N ew Y

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

or k ,

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

................................................................1962

) ear S irs :

Subject to the provisions of Treasury Department Circular No. 6-62, Public Debt Series, dated
'ebruary 19, 1962, the undersigned hereby subscribes for United States of America 3*4 percent Treasury
■onds of 1990, Additional Issue, in the amount of $................................... * and tenders in payment therefor a
ke par amount of the securities —
Delivered to you h erew ith ...........................................................................................

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

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

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

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

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

•('Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
(List serial numbers on reverse side)

Total Amount

(Do not fill in
column below)

V2 °7o Treasury Bonds due June 15, 1972 ....................
V2% Treasury Bonds due September 15, 1972 . . . .

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

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

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

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

l/2°7o Treasury Bonds due December 15, 1972 ..........

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

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

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

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

Total

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

Payment of premium less interest adjustment on securities surrendered in accordance with Section IV
Treasury Department Circular No. 6-62, Public Debt Series, is made as follow s:
□

By check herewith

□

By charge to our reserve account

Submitted by

Address

(If 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 of account
(Please print or typewrite)

2 y?% Bonds 2 % % Bonds 2 1/> % Bonds
June 1967-72 Sept. 1967-72 Dec. 1967-72

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

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

Total .

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

■

Our own account ..................................
Totals ....................................................

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

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

$ ..........

Denominations and Serial Numbers of Securities Surrendered
I ssue

2 V-i% Bonds
June 1967-72

Bonds

Sept. 1967-72

2 x/i% Bonds
Dec. 1967-72

Subscription No.

NONNEGOTIABLE RECEIPT
no Subscriber:
of N e w Y or k , Fiscal Agent of the United States, hereby acknowledges receipt of
ecurities tendered with subscription numbered as above in exchange for
3 1 /2 PERCENT TREASU RY BONDS OF 1990, AD D ITIO N AL ISSUE
Securities allotted on this subscription will be delivered on
farch 16, 1962, in accordance with your instructions.
.................................................................................

Federal R eserve B a n k

Teller
Government Bond Division — Issues & Redemption Section

BEARE R BONDS D ESIRED IN EXCH ANGE
( Use schedule on reverse side for REGISTERED bonds)

eces

Denomi
nation
$

Face amount

Dispose of securities issued as follow s:

(Leave this space blank)

500
1,000
5,000

□

10,000
100,000
1,000,000
TOTAL

F ed e r a l R e s e r v e B a n k
F iscal

ork

Agent o f the United States
(Date)

Submitted

u are hereby authorized to deliver to

(Name of representative)

pse signature appears below,

Address

$ ........................................... par amount
securities issued pursuant to this subscription.
Name ....................................................................
(Please print)

(Official signature required)

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

(Signature of authorized representative)

To Subscriber: I f securities are to be delivered over the
counter at this Bank to your representative,
the authority in the box to the left should
be executed on the date of delivery.

Name in which bonds shall be registered and postoffice 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,(X

■d

...........0

Mail registered bonds to

TRIPLICATE— TREASURY REPORTS COPY

ibscriber’s Reference No.

Subscription No.

C-3

E XC H AN G E SUBSCRIPTION

For United States of x\merica 3J
/2 Percent Treasury Bonds of 1990
Dated February 14, 1958 with Interest from March 1, 1962, Due February 15, 1990
ADDITIONAL ISSUE

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

Fe 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 ,

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

................................................................1962

) e a r S ir s :

Subject to the provisions of Treasury Department Circular No. 6-62, Public Debt Series, dated
'ebruary 19, 1962, the undersigned hereby subscribes for United States of America 3 ^ percent Treasury
onds of 1990, Additional Issue, in the amount of $................................... * and tenders in payment therefor a
ke par amount of the securities —
Delivered to you herew ith..........................................................................................

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

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

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

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

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

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

SECURITIES SURRENDERED
{List serial numbers on reverse side)

(Do not fill in
column below)

Total Amount

l/2 °7o Treasury Bonds due June 15, 1972 .................... .......$

V2°7o Treasury Bonds due September 15, 1972 . . . .

/%% Treasury Bonds due December 15, 1972 ................. $
Total

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

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

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

( I f bearer bonds maturing June 15 or December 15, 1972 are surrendered, coupons dated June 15, 1962 and subsequent
ipons must be attached. I f bearer bonds maturing September 15, 1972 are surrendered, coupons dated March 15, 1962 and
>sequent coupons must be attached.)

Payment of premium less interest adjustment on securities surrendered in accordance with Section IV
Treasury Department Circular No. 6-62, Public Debt Series, is made as follow s:
~] By check herewith

□

By charge to our reserve account

Submitted by

Address

(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 of account
(Please print or typewrite)

2y2 % Bonds 2 % % Bonds 2 % % Bonds
June 1967-72 Sept. 1967-72 Dec. 1967-72

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

Total

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

Our own account ........................................
Totals ....................................................

....

...

Denominations and Serial Numbers of Securities Surrendered
I ssue

2 Y^% Bonds
June 1967-72

2 V2 % Bonds
Sept. 1967-72

2 V2 % Bonds
Dec. 1967-72

Subscription No.

DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3M> Percent Treasury Bonds of 1998
Dated October 3, 1960, with Interest from March 1, 1962, Due November 15, 1998
ADDITIONAL ISSUE

B E A R E R BONDS D ESIRED IN EXCH ANGE
( Use schedule on reverse side for REGISTERED bonds)
(Leave this space blank)

500

I- Deliver over the counter to
the undersigned
□ 2. Hold in safekeeping (for
member bank only)
Hold as collateral for Treas
ury Tax and Loan Account
U 4. Ship to the undersigned
□ 5. Special instructions:

□

Face amount

Dispose of securities issued as follow s:

1,000

ieces

Denomi
nation

5,000
10,000
100,000
1,000,000
TOTAL
The undersigned hereby certifies that the
securities 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 A L L CLASSES of
ubscribers from February 19 through
February 21, 1962 and, in addition,
ubscriptions may be submitted by or
or account of INDIVIDUALS through
’ebruary 2 8 , 1962.

(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.)

Submitted by
(Please print)

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

By.
(Authorized signature(s) required)

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

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

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

Address ........

(Spaces below are for the use of the Federal Reserve Bank of New York)
S a f e k e e p in g R ecord

teceived

(Jhecked
and

.elivered

Recehed from F ed eral R e se r v e B a n k of N e w
States obligations in the amount subscribed for.
Subscriber ......................................................
D ate...............................

B y .............. ; ................

ork

the above described United

Schedule for Issue of Registered Bonds
( I f registered bonds, which are mailed directly by Treasury Department, Washington, D C., are not to be sent to
registered owner, give mailing instructions below.)

(Indicate under appropriate denominations, number Of bonds desired.
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$i,ooo-,oc

►\

/
.... %

Mail registered bonds to

Ibscriber ’8Reference N o.

(Please type or print legibly and submit in triplicate)

Subscription N o.

D -l

EXCH A N G E SUBSCRIPTION

For United States of America 3 V2 Percent Treasury Bonds of 1998
Dated October 3, 1960, with Interest from March 1, 1962, Due November 15, 1998
ADDITIONAL ISSUE
Im p o rta n t In stru c tio n s.
1. Securities of different issues surrendered in exchange may be listed together on the
ame subscription form, except that a separate subscription form should be used (a ) for listing bearer securities
urrendered, (b) for listing registered securities surrendered, and (c ) for each group of new securities for which
lifferent delivery instructions are given. 2. Separate subscription forms should be used for bearer securities and
egistered securities desired in exchange. 3. Signatures are required on original only; all other filled-in matter should
ppear in triplicate. 4 . Subscriptions must be submitted in multiples of $500.

Federal R eserve B a n k

N ew Y

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

or k ,

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

................................................................1962

Attention: Government Bond Division
) e a r S irs :

Subject to the provisions of Treasury Department Circular No. 7-62, Public Debt Series, dated
ruary 19, 1962, the undersigned hereby subscribes for United States of America 3V2 percent Treasury
■i of 1998, Additional Issue, in the amount of $ ...................................* and tenders in payment therefor a
ar amount of the securities—
delivered to you h erew ith ..........................................................................................

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

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

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

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

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

(Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
(List serial numbers on reverse side)

(Do not fill in
column below)

Total Amount

o Treasury Bonds due June 15, 1972 ....................
— o Treasury Bonds due September 15, 197 2 . . .

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

Treasury Bonds due December 15, 1972 ..........

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

'/o

Total

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

Payment of adjustment on securities surrendered in accordance with Section IV of Treasury Departent Circular No. 7-62, Public Debt Series, is made as follows:
□

By check herewith

□

By charge to our reserve account
(Signature(s) required also on Delivery Instructions below)

(Do not fill in boxes below)
G o v e r n m e n t B o n d D iv is io n

Received

Checked

Submitted

by
(Please print)

Canceled
By

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

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

Title ...........................................................
Address

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

Title.

(If 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 of account
(Please print or typewrite)

2 % % Bonds 2 % % Bonds 2 % % Bonds
June 1967-72 Sept. 1967-72 Dec. 1967-72

Total

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

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

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

Our own account ........................................
Totals ....................................................

Denominations and Serial Numbers of Securities Surrendered

Subscription No.

SECURITY RECORDS “OUT TICKET”
DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION
For United States of America 3J
/2 Percent Treasury Bonds of 1998
Dated October 3, 1960, with Interest from March 1, 1962, Due November 15, 1998
£

ADD ITIONAL ISSUE

------------------------------------------------------;----------- :---------------------- ------ ^
B E A R E R BONDS D ESIRED IN EXCH ANGE
(U se schedule on reverse side for REGISTERED bonds)

^eces

Denomi
nation
$

Face amount

Dispose of securities issued as follow s:

(Leave thus space blank)

500
1,000
5,000

□

10,000
100,000
1,000,000
TOTAL

Submitted by
I

Address

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

(Indicate under appropriate denominations, number of bonds desired
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Mail registered bonds to

Amount

$500

$ 1,000

$5,000

$ 10,000

$ 100,000

$ 1,000,00

DUPLICATE—SECURITY RECORDS “ IN TICK.E1”

bscriber’s Reference No.

Subscription No.

0*2

EXC H A N G E SUBSCRIPTION

For United States of America 3*/2 Percent Treasury Bonds of 1998
Dated October 3, 1960, with Interest from March 1, 1962, Due November 15, 1998
ADDITIONAL ISSUE

'e d e r a l R e s e r v e B a n k o p N e w Y o r k ,

Dated at ............................. .......................

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

................................................................1962

>e a r S ir s :

( Subject to the provisions of Treasury Department Circular No. 7-62, Public Debt Series, dated
ebruary 19, 1962, the undersigned hereby subscribes for United States of America 3 Y2 percent Treasury
onds of 1998, Additional Issue, in the amount of $................................... * and tenders in payment therefor a
ke par amount of the securities—
Delivered to you herew ith..........................................................................................

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

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

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

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

•(Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )

SECURITIES SURRENDERED
(List serial numbers on reverse side)

Total Amount

Vz °/c Treasury Bonds due June 15, 1972 .................... ........$
4 /2 % Treasury Bonds due September 15, 1972

l/2 % Treasury Bonds due December 15, 1972

Total

(Do not fill in
column below)

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

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

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

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

( I f bearer bonds maturing June 15 or December 15, 1072 are surrendered, coupons dated June 15, 1962 and subsequent
ipons must be attached. I f bearer bonds maturing September 15, 1972 are surrendered, coupons dated March 15, 1962 and
bsequent coupons must be attached.)

Payment of adjustment on securities surrendered in accordance with Section IV of Treasury Departrnt Circular No. 7-62, Public Debt Series, is made as follow s:
□ By check herewith

□

By charge to our reserve account

Submitted

Address

(If 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 of account
(Please print or typewrite)

2 % % Bonds 2 ^ 2 % Bonds 2 % % Bonds
June 1967-72 Sept. 1967-72 Dec. 1967-72

Total 1

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

$ .......... c

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

Our own account ........................................
Totals ....................................................

its

Denominations and Serial Numbers of Securities Surrendered
I ssue

2 % % Bonds
June 1967-72

2 % % Bonds
Sept. 1967-72

2 % % Bonds
Dec. 1967-72

Subscription No.

NONNEGOTIABLE RECEIPT
o Su bscriber:
R e se r v e B a n k o f N e w Y o r k , Fiscal Agent of the United States, hereby acknowledges receipt o f
curities tendered with subscription numbered as above in exchange for
3 1 /2 PERCENT TREASU RY BONDS OF 1998, ADDITION AL ISSUE

ederal

3curities allotted on this subscription will be delivered on

arch 16, 1962, in accordance with your instructions.

.................................................................................
Teller
Government Bond Division — Issues & Redemption Section

B E A R E R BONDS DESIRED IN EXCH AN G E
( Use
eces

schedule on reverse side for

Denomi
nation
$

REGISTERED

Face amount

bonds)

(Leave this space blank)

500
1,000
5,000

Dispose of securities issued as follow s :
1. Deliver over the counter to
the undersigned
2.
Hold in safekeeping (for
□
member bank only)
□ 3. Hold as collateral for Treas
ury Tax and Loan Account
4.
Ship to the undersigned
□
5.
Special instructions:
□

□

10,000
100,000
1,000,000
TOTAL

F e d e r a l R e se r v e B

ank

or N

ork

Fiscal Agent o f the United States
(Date)

Submitted by

u are hereby authorized to deliver to

(Name of representative)

)se signature appears below,

Address

$ ........................................... par amount
securities issued pursuant to this subscription.
Name ....................................................................
(Please print)

(Official signature required)

(Signature of authorized representative)

To Subscriber: I f securities are to be delivered over the
counter at this Bank to your representative,
the authority in the box to the left should
be executed on the date o f delivery.

(Indicate under appropriate denominations, number of bonds desired
Name in which bonds shall be registered and postoffice address for interest checks and other mail.
(Please print or typewrite)

Amount

$500

$1,000

$5,000

$10,000

$100,000

$1,000,01

Mail registered bonds to

TRIPLICATE—TREASURY REPORTS COPY

bscriber’s Reference No.

Subscription No.

D -3

E XC H A N G E SUBSCRIPTION

For United States of America SV2 Percent Treasury Bonds of 1998
Dated October 3, 1960, with Interest from March 1, 1962, Due November 15, 1998
ADDITIONAL ISSUE

'ederal R eserve B ank op New Y ork,
Fiscal Agent of the United States,
New York 45, N. Y.

Dated a t ......................................................
....................... ........................................ 1962

)etar Sirs :
Subject to the provisions of Treasury Department Circular No. 7-62, Public Debt Series, dated
ebruary 19, 1962, the undersigned hereby subscribes for United States of America 3% percent Treasury
onds of 1998, Additional Issue, in the amount of $ .................................. * and tenders in payment therefor a
ke par amount of the securities—
Delivered to you herew ith..........................................................................................

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

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

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

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

•(Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” )
SECURITIES SURRENDERED
(List serial numbers on reverse side)

(Do not fill in
column below)

Total Amount
l/2 % Treasury Bonds due June 15, 1972 ....................

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

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

/%% Treasury Bonds due September 15, 1972 . . . .
A % Treasury Bonds due December 15, 1972 ..........

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

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

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

Total

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

Payment of adjustment on securities surrendered in accordance with Section IV of Treasury Depart;nt Circular No. 7-62, Public Debt Series, is made as follow s:
Q By check herewith

□

By charge to our reserve account

Submitted 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 of account
(Please print or typewrite)

Our own account

2 V%% Bonds 2
Bonds 2 % % Bonds
June 1967-72 Sept. 1967-72 Dec. 1967-72

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

$ ...

Total

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

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

Totals ....................................................

Denominations and Serial Numbers of Securities Surrendered
I ssue

2 % % Bonds
June 1967-72
t

2 y2% Bonds
Sept. 1967-72

2 % % Bonds
Dec. 1967-72