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FEDERAL RESERVE BANK
OF NEW YORK
Fiscal Agent o f the United States
r Circular No. 5 2 2 2 'I
L September 10, 1962 j
TREASURY OFFERINGS
Advance Refunding of Certificates and Notes
Maturing in February and May, 1963
To All BanTcing Institutions, and Others Concerned,
in the Second Federal Reserve D istrict:
The subscription books are open from September 10 through September 12 for the follow
ing offerings of United States of America Treasury notes and Treasury bonds:
3% percent Treasury Notes o f Series A-1967, dated September 15, 1962, maturing August 15, 1967,
or 4 percent Treasury Bonds of 1972, dated September 15, 1962, maturing August 15, 1972
in exchange for
3i/2 percent Treasury Certificates of Indebtedness of Series A-1963,
dated February 15, 1962, maturing February 15, 1963,
or 2% percent Treasury Notes o f Series A-1963, dated April 15, 1958, maturing February 15, 1963,
or
314
percent Treasury Notes of Series E-1963, dated November 15, 1961, maturing February 15, 1963,
or S1/^ percent Treasury Certificates of Indebtedness of Series B-1963,
dated May 15, 1962, maturing May 15, 1963,
or
31/4
percent Treasury Notes of Series D-1963, dated May 15, 1961, maturing May 15, 1963,
or 4 percent Treasury Notes of Series B-1963, dated April 1, 1959, maturing May 15, 1963
A Treasury Department statement on the offerings, made public on September 5 and printed
in our Circular No. 5221, is reprinted on pages 2-5 of this circular. The official terms of the offer
ings are set forth in Treasury Department Circulars Nos. 15-62 and 16-62, Public Debt Series,
which appear on pages 6-9.
Subscriptions may be subject to partial allotment, and a 10 percent deposit is required from
all subscribers except those specified as exempt in the official offering circulars. I f subscribers
required to make deposits do not have the denominations to meet exactly the minimum deposit
requirement, they are urged to leave any excess on deposit to avoid denominational exchanges
and unnecessary movement of securities.
Banking institutions are urged to enter subscriptions for their own account and for account
of their customers with the Federal Reserve Bank or Branch in the District in which they are
located. Banking institutions subscribing for account of customers also are urged to retain the
required deposits of their customers until after allotment of the new securities; the risk and
expense involved in forwarding them to this Bank w^ill thus be avoided.
Subscriptions will be received by this Bank as fiscal agent of the United States, and should be
submitted immediately on official subscription forms, copies of which are enclosed. Cash subscrip
tions will not be received. I f filed by telegram or letter, the subscriptions should be confirmed
immediately by mail 011 the forms provided. The subscription books will remain open for three
days, September 10 through 12. Any subscription accompanied by the deposit of eligible certifi
cates or notes, where required, and addressed to a Federal Reserve Bank or Branch or to the
Treasury Department and placed in the mail before midnight Wednesday, September 12, will be
considered timely.
Additional copies of this circular and the enclosed subscription forms will be furnished upon
request.
A lfred
H ayes,
President.
TREASURY DEPARTMENT
Washington, D. C.
September 5, 1962
ADVANCE REFUNDING OFFER
The Treasury is offering holders of $26.8 billion of certificates and notes maturing February 15, 1963
and May 15, 1963 the right to exchange them for either or both of the following new securities:
3% percent notes due August 15, 1967
4 percent bonds due August 15, 1972
The issues eligible for exchange are considerably closer to maturity than the eligible issues in earlier
advance refundings. The Treasury’s objective in making this offer is to reduce the extremely congested
maturity schedules o f February and May 1963 and to improve the structure of the outstanding debt. By
refunding these maturing securities in two stages, the Treasury will also assist the smooth functioning of
the money and capital markets.
In February 1963, three issues totaling $13.3 billion mature, $9.4 billion of which is held by the pub
lic and the remaining $3.9 billion by the Federal Reserve and Government investment accounts. In May
1963, three issues totaling $13.5 billion mature, $9.8 billion of which is held by the public and the remain
ing $3.7 billion by the Federal Reserve and Government accounts.
The offering is designed to be attractive to investors. Market yields on the new issues, as summarized
in paragraph 11 below, compare favorably with those on outstanding issues of comparable maturities on the
date of this offering. A fter giving effect to the difference between the present and the offered coupon rates,
and to the payments that will be made by the Treasury to subscribers in further adjustment of interest dif
ferences, the effective yields on the new notes will range between 3.80 and 3.83 percent; the effective
yields on the new bonds will range between 4.05 and 4.07 percent.
The reinvestment return to holders for the period of the extension would also appear to compare favor
ably with prospective yields that might be obtained on reinvestment at the time these six outstanding
securities are scheduled to mature. The new 4-year 11-month notes will provide yields for the extension
period of 3.89 percent or 3.90 percent for holders o f February maturities and 3.94 percent to 3.97 per
cent for May holders. The new 9-year 11-month bonds will provide a yield for the extra period of hold
ing equivalent to 4.11 percent or 4.12 percent for the subscribers who turn in February maturities and
4.15 percent or 4.16 percent for those who turn in May maturities.
The transfer of old for new securities will not be treated as a sale and purchase for tax purposes,
thereby avoiding immediate charging o f book losses on the securities being accepted by the Treasury in
exchange for the new issues.
2
Terms and Conditions of the Advance Refunding Offer
1. To all holders of the following outstanding Treasury securities:
Description o f securities
Final maturity
date
Issue date
3 % % certificate A-1963
2 % % note A-1963
3 ^ % note E-1963
3y^°/o certificate B-1963
3*4% note D-1963
4% note B-1963
Feb.
A pril
Nov.
May
May
A pril
15,
15,
15,
15,
15,
1,
Feb.
Feb.
Feb.
May
May
May
1962
1958
1961
1962
1961
1959
15,
15,
15,
15,
15,
15,
Remaining term
to maturity
(M onths)
Amount
outstanding
(in billions)
5
5
5
$6.9
1963
1963
1963
1963
1963
1963
2.8
3.6
6.7
5.0
1.7
2. New securities to be issued:
Description o f securities
3 % % n°te of August 15, 1967
4% bond of August 15, 1972
Issue date
Interest starts i
Interest payable
Sept. 15, 1962
Sept. 15, 1962
Sept. 15, 1962
Sept. 15, 1962
Feb. 15 and Aug. 15
Feb. 15 and Aug. 15
1 Interest on the securities surrendered stops on September IS, 1962.
3. Terms of the exchange:
Exchanges will be made on the basis of equal face amounts, with payments by the Treasury,
and with adjustments of accrued interest to September 15, 1962, on the securities surrendered
(per $100 face amount), as indicated below:
Amounts to be paid to subscribers
Securities
to
be
exchanged
F
3% %
2% %
31/4%
314%
$ .70
.30
.60
.60
.60
1.20
F
or t h e
N e w N o te s
$ .294837
.221128
.273777
1.086277
1.086277
1.336957
or t h e
Total
Extension of
maturity
Yrs.-M os.
$ .794837
.321128
.673777
1.486277
1.486277
2.336957
4—
4—
4—
4—
$ .994837
.521128
.873777
1.686277
1.686277
2.536957
9—
9—
9—
9—
9—
9—
6
6
6
3
CO
3y<2.°/o certificate A-1963
2 % % note A-1963
31/4% note E-1963
3 1 4 % certificate B-1963
3 1 4 % note D-1963
4% note B-1963
$ .50
.10
.40
.40
.40
1.00
certificate A-1963
note A-1963
note E-1963
certificate B-1963
3 1/4 % note D-1963
4% note B-1963
On account of
accrued interest
to Sept. 1 5 ,1 9 6 2
on securities
to be exchanged
On account
of purchase
price of
securities
to be issued
4— 3
N e w B on ds
$ .294837
.221128
.273777
1.086277
1.086277
1.336957
6
6
6
3
3
3
The following coupons should be attached to the securities in bearer form when they are sur
rendered :
Securities
31/ 2 %
ctf. A-1963, 2 % % note A-1963, 3y4% note E-1963
3i/4% ctf. B-1963, 4% note B-1963, 3y4% note D-1963
Coupons to be attached
Feb. 15, 1963
Nov. 15, 1962 & May 15, 1963
Accrued interest to September 15, 1962, will be paid to subscribers, in the case of bearer securi
ties following their acceptance, and in the case of registered notes following discharge of regis
tration in accordance with the assignments on the notes surrendered. Payment for and delivery
of the new notes and bonds will be made on September 20, 1962.
4. Limitation on amount of securities to be issued:
While it is not practicable to estimate the extent of investor acceptance, the Treasury is placing
an outside limit of $6 billion, or thereabouts, on the aggregate amount of notes, and $3 billion,
or thereabouts, on the aggregate amount of bonds to be issued to the public. In the event the limit
on either issue is exceeded, subscriptions to the respective issue will be subject to allotment. In
addition, exchange subscriptions for the notes and bonds from Government Investment Accounts
will be allotted in full.
5. Books open for subscription for the new securities:
The books will be open for the receipt o f subscriptions from Monday, September 10, through W ed
nesday, September 12, 1962. Subscriptions placed in the mail by midnight of September 12,
1962, addressed to the Treasurer, U. S., Washington 25, D. C., or any Federal Reserve Bank or
Branch, will be considered as timely. The use of registered mail is recommended for security
holders’ protection in submitting securities to be exchanged.
6. Requirements applicable to subscriptions:
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 customers are set forth in such
subscriptions. Subscriptions from banking institutions for their own account, Federally-insured
savings and loan associations, States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United
States holds membership, foreign central banks and foreign States, Federal Reserve Banks, and
Government Investment Accounts will be received without deposit. Subscriptions from all others
must be accompanied by deposit o f eligible securities in an amount equal to 1 0 % of the securi
ties applied for.
7. Denominations and other characteristics of new securities:
The notes will be issued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000,
$100,000,000 and $500,000,000 in coupon and registered forms. The bonds will be issued in denom
inations of $500, $1,000, $5,000, $10,000, $100,000 and $1,000,000 in coupon and registered forms.
The notes and bonds will be acceptable to secure deposits of public moneys. They will not be
acceptable in payment of taxes.
8. Nonrecognition of gain or loss for Federal income tax purposes solely on account of exchange of old
for new securities:
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 solely on account
of the exchange o f the securities;
However, section 1031(b) of the Code requires recognition of any gain realized on the exchange
to the extent that money (other than interest) is received by the security holder in connec
tion with the exchange. Accordingly, if the fair market value1 of the 3 % % notes or 4% bonds
plus the amount paid to the investor (discount) exceeds the cost basis of the old securities to the
investor, the gain (but not to exceed the amount of the payment) must be recognized and
accounted for as gain for the taxable year of exchange. He will carry the new securities on his
books at the same amount as he is now carrying the old securities except that he will reduce the
cost basis by the amount of the payment and increase it by the amount of the gain recognized.
I f the fair market value of the new securities plus the amount of the payment does not exceed
the cost basis o f the old securities, the basis in the new securities will be the cost basis in the old
securities reduced by the amount o f the payment.
Gain to the extent not recognized (or loss), if any, upon the securities surrendered in exchange
will be taken into account upon the disposition or redemption of the new notes or bonds.
1 The mean of the bid and asked quotations on date subscriptions are submitted.
9. Book value o f new securities to banking institutions:
The Comptroller of the Currency, Board of Governors 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 notes and bonds received in exchange on their books at the
amount at which the eligible securities surrendered are carried on their books, reduced by the
amount of discount, if any, received by the subscriber and increased by the amount of gain,
if any, which will be recognized as indicated in paragraph 8. They will so advise their examiners.
4
10. Computation of reinvestment rate for the extension of maturity:
A holder of the outstanding eligible certificates and notes has the option of accepting the Treas
u ry ’s exchange offer or of holding them to maturity. Consequently, he can compare the interest
he will receive resulting from exchanging now with the interest that he might obtain by reinvest
ing the proceeds of the eligible securities at maturity.
The interest income before tax for making the extension now through exchange will be the cou
pon rates on the new issues. I f a holder of the eligible certificates and notes does not make the
exchange he would receive the coupon rates on the eligible issues to their maturity and would
have to reinvest at that time at a rate equal to that indicated in paragraph 11 below for the re
maining terms of the issues now offered, in order to equal the interest he would receive by accept
ing the exchange offer. For example, if the 3
certificates or notes of 5/15/63 are exchanged
for the 4% bonds of 8/15/72, the rate for the entire nine years and eleven months will be 4% . If
the exchange is not made, a 3*4% rate will be received until May 15,1963, requiring reinvestment
of the proceeds of the 3 ^ ’s at that time at a rate of at least 4.15% for the remaining nine years
and three months, all at compound interest, to average out to a 4% rate for nine years and eleven
months.
This minimum reinvestment rate for the extension period is shown in the table under paragraph
11. The minimum reinvestment rates for the other issues included in the exchange are also shown
in the table under paragraph 11.
11. Investment rates on the new notes and bonds offered in exchange to holders of the eligible securities:
*% %
Eligible securities
sy ^ o
s y r fo
4%
C /Is
Notes
Notes
C /Is
Notes
Notes
2/15/6S
g/15/63
8/16/6$
6/15/63
5/15/63
5/15/63
F
Payments on account of
$100 issue price to sub
scriber ............................
Approximate
investment
yield from exchange date
(9 /1 5 /6 2) to maturity
of notes offered in ex
change based on price of
securities eligible for ex
change1 ...........................
Approximate minimum re
investment rate for the
extension period2 ........
or
$0.50
$0.10
$0.40
$0.40
$0.40
$1.00
3.81%
3.80%
3.81%
3.81%
3.81%
3.83%
3.90%
3.89%
3.90%
3.94%
3.94%
3.97%
F
Payments on account of
$100 issue price to sub
scriber ............................
Approximate
investment
yield from exchange date
(9/1 5/6 2) to maturity
of bonds offered in ex
change based on price of
securities eligible for ex
change1 ..........................
Approximate minimum re
investment rate for the
extension period2 ........
t h e N ew 3 % % N otes o f A u g u st 15, 1967
or
t h e N ew 4 % Bonds
of
A u g u st 15, 1972
$0.70
$0.30
$0.60
$0.60
$0.60
$1.20
4.06%
4.05%
4.06%
4.06%
4.06%
4.07%
4.12%
4.11%
4.12%
4.15%
4.15%
4.16%
1 Yield to nontaxable lioldcr or before tax. Based on mean of bid and ask prices (adjusted for payments on account o f
issue price) at noon on September 4, 1962.
2 Eate for nontaxable holder or before tax. For explanation see paragraph 10 above.
5
UNITED STATES OF AMERICA
3% PERCENT T R EA SU R Y NOTES OF SERIES A -1967
Dated and bearing interest from September 15, 1962
Due August 15, 1967
Department Circular
Public Debt Series— No. 15-62
TREASU RY DEPARTM ENT,
O f f ic e
of t h e
Secretary,
Washington, September 10, 1962.
I.
OFFERING OF NOTES
the eligible securities enumerated in paragraph one of
this section solely for the 3% percent Treasury Notes of
Series A-1967. Section 1031(b) of the Code, however,
requires recognition of any gain realized on the exchange
to the extent that money is received by the security
holder in connection with the exchange. To the extent
not recognized at the time of the exchange, gain or loss,
if any, upon the obligations surrendered in exchange will
be taken into account upon the disposition or redemption
of the new obligations.
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 notes of the United States, designated 3% percent
Treasury Notes of Series A-1967:
(1) at 99.50 percent of their face value in exchange
for 3y 2 percent Treasury Certificates o f Indebt
edness of Series A-1963, dated February 15,
1962, due February 15, 1963;
(2) at 99.90 percent o f their face value in exchange
for 2% percent Treasury Notes of Series A-1963,
dated A pril 15, 1958, due February 15, 1963;
(3) at 99.60 percent of their face value in exchange
for 3 1 4 percent Treasury Notes of Series E-1963,
dated November 15, 1961, due February 15,
1963;
(4) at 99.60 percent of their face value in exchange
for 3% percent Treasury Certificates of Indebt
edness o f Series B-1963, dated May 15, 1962,
due May 15, 1963;
(5) at 99.60 percent of their face value in exchange
for S1/^ percent Treasury Notes of Series D-1963,
dated May 15, 1961, due May 15, 1963; or
(6) at 99.00 percent o f their face value in exchange
for 4 percent Treasury Notes of Series B-1963,
dated April 1, 1959, due May 15, 1963.
II.
2. The income derived from the notes is subject to all
taxes imposed under the Internal Revenue Code of 1954.
The notes 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 princi
pal or interest thereof by any State, or any of the pos
sessions of the United States, or by any local taxing
authority.
3. The notes will be acceptable to secure deposits of
public moneys. They will not be acceptable in payment
of taxes.
Interest adjustments as of September 15, 1962, and the
cash payments due to the subscriber on account of the
issue prices of the new notes will be made as set forth
in Section IV hereof. Subscriptions are invited up to
an amount not to exceed $6,000,000,000, or thereabouts.
I f subscriptions exceed this amount they will be received
subject to allotment. In addition to the amount offered
for public subscription, exchange subscriptions from
Government Investment Accounts will be allotted in
full. Delivery o f the new notes will be made on Sept
ember 20, 1962. The books will be open only on Sept
ember 10 through September 12, 1962, for the receipt
of subscriptions for this issue.
4. Bearer notes with interest coupons attached, and
notes registered as to principal and interest, will be
issued in denominations of $1,000, $5,000, $10,000,
$100,000, $1,000,000, $100,000,000 and $500,000,000.
Provision will be made for the interchange of notes of
different denominations and of coupon and registered
notes, and for the transfer of registered notes, under
rules and regulations prescribed by the Secretary of the
Treasury.
5. The notes will be subject to the general regulations
of the Treasury Department, now or hereafter prescribed,
governing United States notes.
2. In addition to the offering under this circular,
holders o f the eligible securities are offered the privilege
of exchanging all or any part of such securities for 4
percent Treasury Bonds of 1972, which offering is set
forth in Department Circular, Public Debt Series—
No. 16-62, issued simultaneously with this circular.
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. Subscriptions
will be received without deposit from banking institu
tions for their own account, Federally-insured savings
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
DESCRIPTION OF NOTES
1. The notes will be dated September 15, 1962, and
will bear interest from that date at the rate of 3% per
cent per annum, payable on a semiannual basis on Feb
ruary 15 and August 15, 1963, and thereafter on Febru
ary 15 and August 15 in each year until the principal
amount becomes payable. They will mature August 15,
1967, and will not be subject to call for redemption prior
to maturity.
6
and loan associations, States, political subdivisions or
instrumentalities thereof, public pension and retirement
and other public funds, international organizations in
which the United States holds membership, foreign cen
tral banks and foreign States, Federal Reserve Banks
and Government Investment Accounts. Subscriptions
from all others must be accompanied by the deposit of
any of the eligible securities enumerated in paragraph
one of Section I hereof, in the face amount of not less
than 10 percent of the amount of notes applied for, not
subject to withdrawal until after allotment. Registered
securities submitted as deposits should not be assigned.
After allotment detached assignment forms may be used
as provided in Section V hereof.
2.
The Secretary of the Treasury reserves the right
to reject or reduce any subscription, to allot less than the
amount of notes applied for, and to make different per
centage allotments to various classes of subscribers; and
any action he may take in these respects shall be final.
The basis of the allotment will be publicly announced
and allotment notices will be sent out promptly upon
allotment.
IV.
PAYMENT
1. Payment for the face amount of notes allotted here
under must be made on or before September 20, 1962, or
on later allotment, and may be made only in a like face
amount of securities of the six issues enumerated in para
graph one of Section I hereof. In every case where pay
ment is not so completed, the payment with application
up to 10 percent of the notes allotted shall, upon declara
tion made by the Secretary of the Treasury in his dis
cretion, be forfeited to the United States.
2. 3^2 percent certificates of indebtedness of Series
A-1963.— Coupons dated February 15, 1963, must be
attached to the certificates when surrendered. Accrued
interest from August 15 to September 15, 1962 ($2.94837
per $1,000) plus the payment ($5.00 per $1,000) due to
the subscriber on account of the issue price of the notes
will be paid to subscribers following acceptance of the
certificates.
3. 2% percent notes of Series A-1963.— Coupons dated
February 15, 1963, must be attached to the notes when
surrendered. Accrued interest from August 15 to Sep
tember 15, 1962 ($2.21128 per $1,000) plus the payment
($1.00 per $1,000) due to the subscriber on account of
the issue price of the new notes will be paid to subscribers
following acceptance of the notes.
4. S1/^ percent notes of Series E-1963.— Coupons
dated February 15, 1963, must be attached to the notes
in bearer form when surrendered. Accrued interest from
August 15 to September 15, 1962 ($2.73777 per $1,000)
plus the payment ($4.00 per $1,000) due to the sub
scriber on account of the issue price of the new notes will
be paid to subscribers. Payments will be made in the
case of bearer notes following their acceptance and in
the case of registered notes following discharge of regis
tration. In the case of registered notes, the payment will
be made by check drawn in accordance with the assign
ments on the notes surrendered, or by credit in any
account maintained by a banking institution with the
Federal Reserve Bank of its District.
5. 3y± percent certificates of indebtedness of Scries
B-1963.— Coupons dated November 15, 1962, and May
15, 1963, must be attached to the certificates when sur
rendered. Accrued interest from May 15 to September
15, 1962 ($10.86277 per $1,000) plus the payment ($4.00
per $1,000) due to the subscriber on account of the issue
price of the notes will be paid to subscribers following
acceptance of the certificates.
6. 3x/4 percent notes of Series B-1963.— Coupons dated
November 15, 1962, and May 15, 1963, must be attached
to the notes in bearer form when surrendered. Accrued
interest from May 15 to September 15, 1962 ($10.86277
per $1,000) plus the payment ($4.00 per $1,000) due to
the subscriber on account of the issue price of the new
notes will be paid to subscribers. Payments will be made
in the case of bearer notes following their acceptance and
in the case of registered notes following discharge of
registration. In the case of registered notes, the payment
will be made by check drawn in accordance with the
assignments on the notes surrendered, or by credit in any
account maintained by a banking institution with the
Federal Reserve Bank of its District.
7. 4 percent notes of Series B-1963.— Coupons dated
November 15, 1962, and May 15, 1963, must be attached
to the notes when surrendered. Accrued interest from
May 15 to September 15, 1962 ($13.36957 per $1,000)
plus the payment ($10.00 per $1,000) due to the sub
scriber on account of the issue price of the new notes will
be paid to subscribers following acceptance of the notes.
V.
ASSIGNMENT OF REGISTERED SECURITIES
1. After allotment Treasury Notes of Series D-1963
and Series E-1963 in registered form tendered in pay
ment for notes offered hereunder should be assigned by
the registered payees or assignees thereof, in accordance
with the general regulations 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 o f the United States,
Washington 25, D. C. The securities must be delivered
at the expense and risk of the holder. I f the new notes
are desired registered in the same name as the securities
surrendered in exchange, the assignment should be to
“ The Secretary of the Treasury for exchange for 3%
percent Treasury Notes of Series A-1967” ; if the new
notes are desired registered in another name, the assign
ment should be to “ The Secretary of the Treasury for
exchange for 3% percent Treasury Notes of Series
A-1967 in the name o f .............................. ” ; if new notes
in coupon form are desired, the assignment should be to
“ The Secretary of the Treasury for exchange for 3%
percent Treasury Notes of Series A-1967 in coupon form
to be delivered to ...................... ” Detached assignment
forms may be used for the convenience of subscribers.
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,
to issue allotment notices, to receive payment for notes
allotted, to make delivery of notes on full-paid subscrip
tions allotted, and they may issue interim receipts pend
ing delivery of the definitive notes.
2. The Secretary of the Treasury may at any time, or
from time to time, prescribe supplemental or amendatory
rules and regulations governing the offering, which will
be communicated promptly to the Federal Reserve Banks.
DOUGLAS DILLON,
Secretary of the Treasury.
7
UNITED STATES OF AMERICA
4 PERCENT T R E A SU R Y BONDS OF 1972
Dated and bearing interest from September 15, 1962
]) ue August 15, 1972
Interest payable February 15 and August 15
Department Circular
Public Debt Series— No. 16-62
TREASU RY DEPARTM ENT,
O f f ic e
of t h e
Secretary,
Washington, September 10, 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 4 per
cent Treasury Bonds of 1972:
(1) at 99.30 percent of their face value in exchange
for 3Y2 percent Treasury Certificates of Indebt
edness of Series A-1963, dated February 15,
1962, due February 15, 1963;
(2) at 99.70 percent of their face value in exchange
for 2% percent Treasury Notes of Series
A-1963, dated A pril 15, 1958, due February 15,
1963;
(3) at 99.40 percent of their face value in exchange
for S1/^ percent Treasury Notes of Series
E-1963, dated November 15, 1961, due Febru
ary 15, 1963;
(4) at 99.40 percent of their face value in exchange
for 3 percent Treasury Certificates of Indebt
edness of Series B-1963, dated May 15, 1962,
due May 15, 1963;
(5) at 99.40 percent of their face value in exchange
for 314 percent Treasury Notes of Series
D-1963, dated May 15, 1961, due May 15, 1963;
or
(6) at 98.80 percent of their face value in exchange
for 4 percent Treasury Notes of Series B-1963,
dated A pril 1, 1959, due May 15, 1963.
Interest adjustments as of September 15, 1962, and the
cash payments due to the subscriber on account of the
issue prices of the new bonds will be made as set forth
in Section IV hereof. Subscriptions are invited up to
an amount not to exceed $3,000,000,000, or thereabouts.
I f subscriptions exceed this amount they will be received
subject to allotment. In addition to the amount offered
for public subscription, exchange subscriptions from
Government Investment Accounts will be allotted in full.
Delivery of the new bonds will be made on September
20, 1962. The books will be open only on September 10
through September 12, 1962, for the receipt of subscrip
tions for this issue.
2. In addition to the offering under this circular,
holders of the eligible securities are offered the privilege
of exchanging all or any part of such securities for 3%
percent Treasury Notes of Series A-1967, which offering
is set forth in Department Circular, Public Debt Series—
No. 15-62, 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 securities enumerated in paragraph one of
this section solely for the 4 percent Treasury Bonds of
1972. Section 1031(b) of the Code, however, requires
recognition of any gain realized on the exchange to the
extent that money is received by the security holder in
connection with the exchange. To the extent not recog
nized at the time of the exchange, gain or loss, if any,
upon the obligations surrendered in exchange will be
taken into account upon the disposition or redemption of
the new obligations.
II.
DESCRIPTION OF BONDS
1. The bonds will be dated September 15, 1962, and
will bear interest from that date at the rate of 4 percent
per annum, payable on a semiannual basis on February
15 and August 15, 1963, and thereafter on February 15
and August 15 in each year until the principal amount
becomes payable. They will mature August 15, 1972,
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. 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
customers are set forth in such subscriptions, but only
the Federal Reserve Banks and the Treasury Depart
ment are authorized to act as official agencies. Sub
scriptions will be received without deposit from banking
institutions for their own account, Federally-insured
savings and loan associations, States, political subdivi
sions or instrumentalities thereof, public pension and
retirement and other public funds, international organi
zations in which the United States holds membership,
foreign central banks and foreign States, Federal Re
serve Banks and Government Investment Accounts. Sub
scriptions from all others must be accompanied by the
deposit of any of the eligible securities enumerated in
paragraph one of Section I hereof, in the face amount
of not less than 10 percent of the amount of bonds
applied for, not subject to withdrawal until after allot
ment. Registered securities submitted as deposits should
not be assigned. After allotment detached assignment
forms may be used as provided in Section V hereof.
2.
The Secretary o f the Treasury reserves the right
to reject or reduce any subscription, to allot less than
the amount of bonds applied for, and to make different
percentage allotments to various classes of subscribers;
and any action he may take in these respects shall be
final. The basis of the allotment will be publicly an
nounced and allotment notices will be sent out promptly
upon allotment.
IV. PAYMENT
1. Payment for the face amount of bonds allotted
hereunder must be made on or before September 20,
1962, or on later allotment, and may be made only in a
like face amount of securities of the six issues enumer
ated in paragraph one of Section I hereof. In every case
where payment is not so completed, the payment with
application up to 10 percent of the bonds allotted shall,
upon declaration made by the Secretary of the Treasury
in his discretion, be forfeited to the United States.
2. 3y 2 percent certificates of indebtedness of Series
A-1963.— Coupons dated February 15, 1963, must be
attached to the certificates when surrendered. Accrued
interest from August 15 to September 15, 1962 ($2.94837
per $1,000) plus the payment ($7.00 per $1,000) due
to the subscriber on account of the issue price of the
bonds will be paid to subscribers following acceptance
of the certificates.
3. 2% percent notes of Series A-1963.— Coupons
dated February 15, 1963, must be attached to the notes
when surrendered. Accrued interest from August 15
to September 15, 1962 ($2.21128 per $1,000) plus the
payment ($3.00 per $1,000) due to the subscriber on
account of the issue price of the bonds will be paid to
subscribers following acceptance of the notes.
4. 3% percent notes of Series E-1963.— Coupons
dated February 15, 1963, must be attached to the notes
in bearer form when surrendered. Accrued interest
from August 15 to September 15, 1962 ($2.73777 per
$1,000) plus the payment ($6.00 per $1,000) due to the
subscriber on account of the issue price of the bonds
will be paid to subscribers. Payments will be made in
the case of bearer notes following their acceptance and
in the case of registered notes, following discharge of
registration. In the case of registered notes, the pay
ment will be made by check drawn in accordance with
the assignments on the notes surrendered, or by credit
in any account maintained by a banking institution with
the Federal Reserve Bank of its District.
5. 5^4 percent certificates of indebtedness of Scries
B-1963.— Coupons dated November 15, 1962, and May
15, 1963, must be attached to the certificates when sur
rendered. Accrued interest from May 15 to September
15, 1962 ($10.86277 per $1,000) plus the payment ($6.00
per $1,000) due to the subscriber on account of the issue
price of the bonds will be paid to subscribers following
acceptance of the certificates.
6. 31/4 percent notes of Series D-1963.— Coupons
dated November 15, 1962, and May 15, 1963, must be
attached to the notes in bearer form when surrendered.
Accrued interest from May 15 to September 15, 1962
($10.86277 per $1,000) plus the payment ($6.00 per
$1,000) due to the subscriber on account of the issue
price of the bonds will be paid to subscribers. Payments
will be made in the case of bearer notes following their
acceptance and in the ease of registered notes, following
discharge of registration. In the case of registered notes,
the payment will be made by check drawn in accordance
with the assignments on the notes surrendered, or by
credit in any account maintained by a banking institu
tion with the Federal Reserve Bank of its District.
7. 4 percent notes of Series B-1963.— Coupons dated
November 15, 1962, and May 15, 1963, must be attached
to the notes when surrendered. Accrued interest from
May 15 to September 15, 1962 ($13.36957 per $1,000)
plus the payment ($12.00 per $1,000) due to the sub
scriber on account of the issue price of the bonds will
be paid to subscribers following acceptance of the notes.
V. ASSIGNMENT OF REGISTERED SECURITIES
1. After allotment Treasury Notes of Series D-1963
and Series E-1963 in registered form tendered in pay
ment for bonds offered hereunder should be assigned by
the registered payees or assignees thereof, in accordance
with the general regulations of the Treasury Depart
ment 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. The securities must be
delivered at the expense and risk of the holder. If the
new bonds are desired registered in the same name as
the securities surrendered in exchange, the assignment
should be to “ The Secretary of the Treasury for ex
change for 4 percent Treasury Bonds of 1972” ; 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 1972 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 per
cent Treasury Bonds of 1972 in coupon form to be de
livered to .................................. Detached assignment
forms may be used for the convenience of subscribers.
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,
to issue allotment notices, to receive paj^ment for bonds
allotted, to make delivery of bonds on full-paid subscrip
tions allotted, and they may issue interim receipts pend
ing delivery of the definitive bonds.
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.
9
FORM B -l
(Please type or print legibly)
Subscriber’s Reference No.
Subscription No.
EXCHANGE SUBSCRIPTION — SUBJECT TO ALLOTMENT
For United States of America 4 Percent Treasury Bonds of 1972
Dated September 15, 1962, Due August 15, 1972
To be used only by
3 i/2%
2% %
31/ 4%
Certificates of Indebtedness of Series A -1 9 63 ,
due February 15, 1963
Treasury Notes of Series A -1 9 6 3 , due
February 15, 1963
Treasury Notes of Series E -1963, due
February 15, 1963
holders of—
3*4%
Certificates of Indebtedness of
Series B -1963, due May 15, 1963
3 ^ 4 % Treasury Notes of Series D -1 9 6 3 ,
due May 15, 1963
4 % Treasury Notes of Series B -1963,
due May 15, 1963
IM PO RTAN T INSTRUCTIONS
1. U SE A S E P A R A T E S U B S C R IP T IO N F O R M F O R E A C H E X C H A N G E A B L E ISSU E T O BE S U R R E N D E R E D .
2. 4 p e r ce n t T re a s u ry B on d s o f 1 9 7 2 w ill b e issu ed o n ly in e x ch a n g e f o r a n y o f the six issues en u m era te d
a b o v e , w ith an a d ju s tm e n t as o f S e p te m b e r 15, 1 9 6 2 , as s e t fo r th in s e ctio n IV o f T re a s u ry D ep a rtm en t C ircu la r N o.
1 6 -6 2 , P u b lic D e b t S eries.
3. S u b scrip tio n s fr o m b a n k in g in stitu tion s, F e d e ra lly in su red sa vin gs a n d loa n a s so cia tio n s, S ta tes, p o litica l
su b d iv isio n s o r in stru m en ta lities th e r e o f, p u b lic pen sion a n d retirem en t a n d o th e r p u b lic fu n d s , in tern a tion a l o rg a n i
za tion s in w h ich the U n ited States h o ld s m em b ersh ip , fo r e ig n cen tra l ba n k s an d fo r e ig n S tates, F e d e ra l R e serv e
Banks, an d G o v e rn m en t In vestm en t A c c o u n ts , w ill b e r e c e iv e d w ith o u t d e p o s it; su b scrip tion s fr o m a ll oth ers m ust
b e a c c o m p a n ie d b y the d e p o s it o f th e secu rities e lig ib le f o r e x ch a n g e in the f a c e a m ou n t o f n ot less than 10 p e r
ce n t o f the a m o u n t o f b o n d s a p p lie d fo r .
4. I f a n y o f the e lig ib le secu rities are su b m itted w ith this su b scrip tio n , th ey sh ou ld b e a cco m p a n ie d b y F O R M
B -2, in trip lica te , w h ich fo r m shall b e m a d e a p a rt o f this su b scrip tion .
5. R e g is te re d n otes su b m itted as d e p o s its sh ou ld n o t b e a ssig n ed .
6. A m o u n t o f b o n d s a p p lie d f o r m u st b e in m u ltip les o f $ 5 0 0 .
The subscription books will open on September 10
and close at the close of business September 12, 1962.
F e d e r a l R e se r v e B a n k
of
New Y
Dated a t ......................................................
ork,
Fiscal Agent of the United States,
New York 45, N. Y.
............................................................... 1962
Attention: Government Bond Division
D ear S ir s :
Pursuant to the provisions of Treasury Department Circular No. 16-62, Public Debt Series, dated
September 10, 1962, the undersigned hereby subscribes for United States of America 4 percent Treasury
Bonds of 1972, as follows:
For own a ccou n t..........................................................................................................
$.
For our customers, shown on reverse side
(for use of banking institutions o n l y ) ..............................................................
$
Total subscription..................................................
$,
Payment for the new securities will be made by surrender of one of the issues indicated below (check
only one box) :
□
3y2% Certificates of Indebtedness of Series A-1963,
due February 15, 1963
D 31/4% Certificates of Indebtedness of
Series B-1963, due May 15, 1963
□
2 % % Treasury Notes of Series A-1963, due
February 15, 1963'
□
□
3 % % Treasury Notes of Series E-1963, due
February 15, 1963
□ 4% Treasury Notes of Series B-1963,
due May 15, 1963
3%:% Treasury Notes of Series D-1963,
due May 15, 1963
(B a n k in g in stitu tions are u rged to retain re q u ire d d e p o s its o f secu rities p e n d in g re c e ip t o f n o tice s o f a llo tm e n t.)
( I f banking institutions arc subscribing for account of customers, and deposit does not accompany this subscription,
the following certification is made a part of this subscription.)
W e H e r e b y C e r t if y that we have received applications from our customers in the amounts set opposite
the customers’ names on the list which is made a part of this subscription; that there has been paid to us
by each such customer as required by the official offering circular, not subject to withdrawal until after allot
ment, a deposit of securities of any of the six eligible issues in the amount of not less than 10 percent of
the face amount of bonds applied for.
TO SUBSCRIBER *
Mark (X ) in proper space
to indicate if this is:
Original subscription.......... □
Confirmation o f a telegram .. □
Confirmation o f a letter----- □
required spaces before signing)
............................................................................................................
(N am e of subscriber— Please print or typewrite)
By................................................. ........................
(O fficial signature)
....................
(Title)
Address .....................................................................................................
( D o n ot w rite in sp a ce b e lo w )
Deposit received by
...................................Allotment $............
Figured.
Advised.
(For use o f banking institutions only)
List of Accounts Included in this Subscription
(If space is insufficient in schedule below, attach separate listing)
Leave
blank
Name of Customer
Amount Subscribed
Leave blank
FORM N -l
(Please type or print legibly)
Subscriber’a Reference No.
Subscription No.
EXCHANGE SUBSCRIPTION — SUBJECT TO ALLOTMENT
For United States of America 3 % Percent Treasury Notes of Series A -1967
Dated September 15, 1962, Due August 15, 1967
To be used only by holders of—
3 V2°/o Certificates of Indebtedness of Series A - 1963,
due February 15, 1963
2 % % Treasury Notes of Series A -1 9 6 3 , due
February 15, 1963
3 * 4 % Treasury Notes of Series E -1963, due
February 15, 1963
3*4%
Certificates of Indebtedness of
Series B -19 6 3, due May 15, 1963
3 * 4 % Treasury Notes of Series D -1 96 3 ,
due May 15, 1963
4 % Treasury Notes of Series B -1963,
due May 15, 1963
IM PORTANT INSTRUCTIONS
1. U SE A S E P A R A T E S U B S C R IP T IO N F O R M F O R E A C H E X C H A N G E A B L E ISSU E T O BE S U R R E N D E R E D .
2. 3 ? i p e r ce n t T re a s u ry N otes o f S eries A -1 9 6 7 w ill b e issu ed on ly in e x ch a n g e f o r any o f the six issues e n u
m e ra te d a b o v e , w ith an a d ju s tm e n t as o f S ep tem b er 15, 1 9 6 2 , as set fo r th in section IV o f T rea su ry D ep a rtm e n t
C ircu la r N o. 1 5 -6 2 , P u b lic D e b t S eries.
3. S u b scrip tio n s fr o m ba n k in g in stitu tion s, F e d e ra lly in su red savin gs a nd loa n a s so cia tio n s, S ta tes, p o litica l
su b d iv isio n s o r in stru m en ta lities th e r e o f, p u b lic p en sion a n d retirem en t and o th e r p u b lic fu n d s , in tern a tion a l o rg a n i
za tion s in w h ich the U n ited S tates h old s m em b ersh ip , fo r e ig n cen tra l banks an d fo r e ig n States, F ed era l R e serv e
Banks, an d G o v e rn m en t In vestm en t A c c o u n ts , w ill be r e c e iv e d w ith ou t d e p o s it; s u b scrip tion s fr o m a ll oth ers m ust
b e a cco m p a n ie d b y the d e p o s it o f the secu rities e lig ib le f o r ex ch a n g e in the f a c e a m ou n t o f n o t less than 10 p e r
ce n t o f the a m ou n t o f n otes a p p lie d fo r .
4 . I f any o f the e lig ib le secu rities are su b m itted w ith this su b scrip tio n , th ey sh ou ld b e a cco m p a n ie d b y F O R M
N -2 , in trip lica te , w h ich fo r m shall be m a d e a p a rt o f this su b scrip tion .
5. R e g is te re d n otes su b m itted as d e p o s its sh ou ld n o t b e a ssig n ed .
6. A m o u n t o f n otes a p p lie d f o r m ust b e in m u ltip les o f $ 1 0 0 0 .
The subscription books will open on September 10
and close at the close of business September 12, 1962.
F e d e r a l R e se r v e B a n k
of
I
Dated a t ......................................................
N ew Y ork,
Fiscal Agent of the United States,
New York 45, N. Y.
............................................................... 1962
Attention: Government Bond Division
D ear S ir s :
Pursuant to the provisions of Treasury Department Circular No. 15-62, Public Debt Series, dated
September 10, 1962, the undersigned hereby subscribes for United States of America 3% percent Treasury
Notes of Series A-1967, as follows:
For own account ........................................................................................................
$................................
For our customers, shown on reverse side
(for use of banking institutions only) ..............................................................
$................................
Total subscription..................................................
$.
Payment for the new securities will be made by surrender of one of the issues indicated below (check
only one b o x ) :
□
3
□
□
Certificates of Indebtedness of Series A-1963,
due February 15, 1963
□
3*4% Certificates of Indebtedness of
Series B-1963, due May 15, 1963
2 % % Treasury Notes of Series A-1963, due
February 15, 1963
□
3^%
3*4% Treasury Notes of Series E-1963, due
February 15, 1963
□ 4% Treasury Notes of Series B-1963,
due May 15, 1963
Treasury Notes of Series D-1963,
due May 15, 1963
(B a n k in g in stitu tion s are u rg ed to retain re q u ire d d e p o s its o f s ecu rities p en d in g r e c e ip t o f n o tice s o f a llo tm e n t.)
( I f banking institutions are subscribing for account of customers, and deposit does not accompany this subscription, the
following certification is made a part of this subscription.)
W e H ereby C e r t ify that we have received applications from our customers in the amounts set opposite
the customers’ names on the list which is made a part of this subscription; that there has been paid to us
by each such customer as required by the official offering circular, not subject to withdrawal until after allot
ment, a deposit of securities of any of the six eligible issues in the amount of not less than 10 percent of
the face amount of notes applied for.
TO SU B SC R IB E R :
Mark (X ) in proper space
to indicate if this is:
(F ill in all required spaces before signing)
.....................
(N am e of subscriber— Please print or typewrite)
Original subscription.......... ..□
Confirmation of a telegram.. □
Confirmation of a letter . . . . Q
(Official signature)
Address
(Tale)
....................................................................................................................
( D o n o t w rite in s p a ce b e lo w )
Deposit received by ......................................................................
Allotment $...................................
Figured....................... Advised.
(For use of banking institutions only)
List of Accounts Included in this Subscription
(If space is insufficient in schedules below, attach separate hating)
Leave
blank
Name of Customer
Amount Subscribed
Leave blank
F E D E R A L R E S E R V E BAN K
OF N E W YO R K
r iB CA i. A g e n t
or t h e
Subscription Number
U nited
NOTICE OF ALLOTMENT
For United States of America 4 Percent Treasury Bonds of 1972
To Subscriber:
r
J
l _
On your exchange subscription, numbered as above, for $
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 4 P E R C E N T T R E A S U R Y B O N D S O F 19 7 2
D A T E D S E P T E M B E R 15, 1962, D U E A U G U S T 15, 1972
which you filed pursuant to the provisions of Treasury Department Circular No. 16-62, Public Debt Series, dated
September 10, 1962, the Secretary of the Treasury has allotted bonds to you in the amount of—
$
Important
1. To expedite delivery of the securities allotted to you and to facilitate prompt completion of this transaction, please
fill in, sign and return immediately the attached Letter of Instructions in triplicate to the Federal Reserve Bank of
New York, Fiscal Agent of the United States, New York 4 5 , N. Y .
Payment
2. Payment for the face amount of bonds allotted must be made on or before September 20, 1962, and may be made
only in a like face amount of the securities of the six issues enumerated below. If securities surrendered are in registered
form, they must be assigned in accordance with Section V of Treasury Department Circular No. 16-62, Public Debt Series,
dated September 10, 1962.
3y2°/o Cert, of Ind., Series A-1963, due Feb.
2% % Treas. Notes, Series A-1963, due Feb.
3*4% Treas. Notes, Series E-1963, due Feb.
3 1 4 °/o Cert, of Ind., Series B-1963, due May
3 1 4 % Treas. Notes, Series D-1963, due May
4% Treas. Notes, Series B-1963, due May 15,
15, 1963, with Feb. 15, 1963
15, 1963, with Feb. 15, 1963
15, 1963, with Feb. 15, 1963
15, 1963, with Nov. 15, 1962
15, 1963, with Nov. 15, 1962
1963, with Nov. 15, 1962 and
coupons attached
coupons attached
coupons attached
and May 15, 1963 coupons attached
and May 15, 1963 coupons attached
May 15, 1963 coupons attached
Delivery
3. (a) Delivery of the securities allotted will be made by the Federal Reserve Bank of New York at its Head Office
in New York City, and will not be made before September 20, 1962.
(b) The securities will be delivered over the counter to a representative of the subscriber, provided the representa
tive presents a letter of authority identifying him and signed officially by the subscriber.
S a fe k e e p in g
-1. Securities allotted to member banks for their own account may be left with this Bank for safekeeping pursuant to
the terms of our Operating Circular No. 14.
F e d e r a l R e se r ve B a n k of N e w Y
Fiscal Agent o f the United Stntes.
Checked by
ork,
Subscription Number
(This letter of instructions, accompanied by attached duplicate and triplicate
copies, should be filled in and returned to Federal Reserve Bank of New York)
2
LETTER OF INSTRUCTIONS
To F e d e r a l R e se r v e B a x k of N e w Y o r k .
Fiscal Agent of the United States.
Federal Reserve P. 0 . Station,
New York 45, N. Y.
Attention: Government Bond Division— 2nd Floor
Dated a t ............
From (Name and address of Subscriber)
.1962
On our exchange subscription, numbered as above, for $
(par amount) of-
U N IT E D S T A T E S O F A M E R IC A 4 P E R C E N T T R E A S U R Y B O N D S O F 19 7 2
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 1 9 7 2
which we filed pursuant to the provisions of Treasury Department Circular No. 16-62, Public Debt Series, dated September
10, 1962, we have received your notice of allotment stating that the Secretary of the Treasury has allotted bonds to us
in the amount of—
$
Payment for the face amount of bonds allotted will be made by a like face amount of securities eligible for exchange,
as follows—
Amount submitted as deposit with subscription:
2 % % T /N
A-1963
3 % % T /N
E-1963
3y4% c /i
B-1963
3^4% T /N
D-1963
4% T /N
B-1963
$........................
$........................
$........................
$........................
$........................
3 % % C /I
A-1963
.................
$
If amount of securities deposited is in excess of amount of bonds allotted, dispose of excess as indicated on the attached
supplementary instructions below. If allotment exceeds deposit, delivery of balance of securities to complete payment of
amount allotted will be made as follows:
(Please indicate by check in proper box)
□
Delivered to you herewith
□
3y2%c/i
To be withdrawn from securities held by you
To be delivered by .................................................
2 % % T /N
A-1963
3 % % T /N
$.....................
$.....................
A-1963
.................
□
3 y4% c/i
3^4% T /N
D-1963
B-1963
E-1963
4% T /N
B-1963
$.....
Pay adjustment as follows:
□ By check
□
By credit to our reserve account
B E A R E R BONDS DESIRED
Dispose of securities issued, as follows
(F o r REGISTERED bonds— use only reverse side)
Denomi
nation
eces
$
□
□
1. Deliver over the counter to the undersigned
2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account
□ 4. Ship to the undersigned
□ 5. Special instructions:
(Leave this space blank)
Face amount
1
500
1,000
5,000
10,000
T h e u ndersigned ( i f a bank o r trust c o m p a n y ) h ereb y
certifies th a t the s ecu rities to b e d is p o s e d o f as in d ica te d
in item 2 o r 3 a b o v e are o w n e d s o le ly b y th e u n d e rsig n e d .
100,000
1 ,000,01 .
(IM P O R T A N T :
be a c c e p tc d .)
No ch anges in delivery instructions will
TOTAL
This letter of instructions must be signed
officially in the space provided and re
turned immediately to
Submitted by
(Please print)
By
Bv
...............
(Authorized signature(s) required)
Federal Reserve Bank of New York,
.............
Title
Title .................
Fiscal Agent of the United States.
Address
(S p a ces below are for the use o f Federal R eserve Bank o f New Y o r k )
G o v e r n m e n t B o nd D iv is io n
S a f e k e e p in g
Received...........................Checked............................ Cancelled...........................
D iv is io n
Checked..................................................Delivered
DELIVERY RECEIPT
Received from Federal Reserve Bank of New York, Fiscal Agent o f the United States, the above described securities allotted in the amount
indicated above.
Date.................................
Subscriber...............................................................................
B y ................................................................................. ..
(T h e s e su p p lem en ta ry in stru ction s m ust b e giv en if su b s crib e r has d e p o s ite d e lig ib le secu rities in cxzcess o f the a m ou n t o f n ew
secu ritie s a llo t te d .)
Supplementary Instructions for Disposition of Excess Securities Deposited
To F e d e r a l R e se r v e B a n k o f N e w Y o r k ,
Government Bond Division.
Refund excess of securities by issue in the denominations and manner as indicated below:
(Subscribers are urged to request the largest denominations possible for their own account, and in the case of
banking institutions, for account of their customers. In the absence of contrary instructions in item 5 below, securities
refunded will be in same form (bearer or registered) as securities deposited, and if registered, in same name as securities
deposited.)
(Indicate number desired under appropriate issues and denominations.)
$ 1,000
$5,000
$ 10,000
$.100,000
3Mj% Certificates of Feb. 15, 1963
2 % % Notes o f Feb. 15, 1963
3x/4% Notes of Feb. 15, 1963
3 y±°/o Certificates of May 15, 1963
3*4% Notes of May 15, 1963
4% Notes o f May 15, 1963
Dispose of securities issued, as follows:
□ 1. Deliver over the counter to the undersigned
□ 2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account
□ 4. Ship to the undersigned
□ 5. Special instructions:
Submitted by ..............................................................................................
(Please print)
By ................................................................. .
By .............................
(Authorized signature(s) required)
Title ...............................................................
Address
Title
$ 1 ,000,000
SCHEDULE FOR ISSUE OF REGISTERED BONDS DESIRED
(Names and addresses must he printed or typewritten)
( 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 number of bonds desired in each denomination)
Names in which bonds of this issue shall be registered, and postofnce addresses for mailing interest checks
Par amount desired
$500
$1,000
$5,000
$10,000
$100,000
$1,000,000
1.
2.
p .
3.
4.
!
Total
Mail registered bonds to
instead of to registered owner.
Subscription Number
(DUPLICATE FOR USE OF FEDERAL RESERVE BANK OF NEW YORK)
LETTER OF INSTRUCTIONS
To F e d e r a l R e se r v e B a x k op N e w Y o r k .
Fiscal Agent of the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y.
3
Attention: Government Bond Division— 2nd Floor
From (Name and address of Subscriber)
Dated a t ......................................................
..................................... ................ ......... 1962
On our exchange subscription, numbered as above, for $
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 4 P E R C E N T T R E A S U R Y B O N D S O F 1 9 7 2
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 1 9 7 2
which we filed pursuant to the provisions of Treasury Department Circular No. 16-62, Public Debt Series, dated September
10, 1962, we have received your notice of allotment stating that the Secretary of the Treasury has allotted bonds to us
in the amount of—
$
Payment for the face amount of bonds allotted will be made by a like face amount of securities eligible for exchange,
as follows—
Amount submitted as deposit with subscription:
3 % % C /I
A-1963
2 % % T /N
A-1963
3 % % T /N
E-1963
3 % % C /I
B-1963
3*4% T /N
D-1963
4% T /N
B-1963
$........................
$........................
$........................
$........................
$........................
$........................
If amount of securities deposited is in excess of amount of bonds allotted, dispose of excess as indicated on the attached
supplementary instructions below. If allotment exceeds deposit, delivery of balance of securities to complete payment of
amount allotted will be made as follows:
(Please indicate by check in proper box)
□
Delivered to you herewith
□
□
To be delivered by .................................................
2 % % T /N
A-1963
3 % % C /I
A-1963
To be withdrawn from securities held by you
3 Vi % T /N
E-1963
3^4% T /N
D-1963
3 % % C /I
B-1963
4% T/JN
B-1963
$Pay adjustment as follows:
□
By check
□
By credit to our reserve account
B E A R E R BONDS DESIRED
Dispose of securities issued, as follows:
(F o r REGISTERED bonds— use only reverse side)
—
Denomi
nation
eces
$
(Leave this space blank)
Face amount
500
1,000
□ 1. Deliver over the counter to the undersigned
□ 2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account,
□ 4. Ship to the undersigned
□ 5. Special instructions:
5,000
10,000
T h e u ndersigned ( if a bank o r trust c o m p a n y ) h ereby
certifies that the secu rities to b e d is p o se d o f as in d ica te d
in item 2 or 3 a b o v e are o w n e d s o le ly b y the u n d e rsig n e d .
100,000
1 ,000,000
(IM P O R T A N T :
be a c c e p te d .)
TOTAL
No changes in delivery instructions will
•
This letter of instructions must be signed
officially in the space provided and returned immediately to
Federal Reserve Bank of New York,
Submitted by
(Please print)
^
By
(Authorised signature(s) required)
...................
Title ...............
Title .................
Fiscal Agent o f the United States.
A d d ress.................................................................................................
(S p a ces b elow are for the use o f Federal R eserve Bank o f New Y o r k )
G o v e r n m e n t B o n d D iv is io n
Received.
S a f e k e e p in g D i v i s i o n
Checked...........................Cancelled...........................
Checked..................................................Delivered
D ELIVERY RECEIPT
Received from Federal Reserve Bank of New York, Fiscal Agent o f the United States, the above described securities allotted in the amount
indicated above.
Digitized
Subscriber.
Date. for FRASER
By.
SCHEDULE FOR ISSUE OF REGISTERED BONDS DESIRED
(N am es and addresses must be 'printed or typewritten)
( 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 number of bonds desired in each denomination)
Names in which bonds of this issue shall be registered, and postoSce addresses for mailing interest checks
Par amount desired
$500
1.
2.
3.
4.
Total
1
Mail registered bonds to
instead of to registered owner.
$1,000
$5,000
$10,000
$100,000
$1,000,000
Subscription Number
(TRIPLICATE FOR USE OF FEDERAL RESERVE BANK OF NEW YORK)
LETTER OF INSTRUCTIONS
To F e d e r a l R e se r ve B a n k of N e w Y o r k .
Fiscal Agent of the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y.
4
Attention: Government Bond Division— 2nd Floor
From (Name and address of Subscriber)
Dated a t ......................................................
............................................................... 1962
On our exchange subscription, numbered as above, for $
(par amount) of-
U N IT E D S T A T E S O F A M E R IC A 4 P E R C E N T T R E A S U R Y B O N D S O F 1972
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 19 7 2
which we filed pursuant to the provisions of Treasury Department Circular No. 16-62, Public Debt Series, dated September
10, 1962, we have received your notice of allotment stating that the Secretary of the Treasury has allotted bonds to us
in the amount of—
Payment for the face amount of bonds allotted will be made bj' a like face amount of securities eligible for exchange,
as follows—
Amount submitted as deposit with subscription:
3 % % C /I
A-1963
2 % % T /N
A-1963
3y4% T /N
E-1963
3 % % C /I
B-1963
3^4% T /N
D-1963
4 % T /N
$........................
$........................
$........................
$........................
$........................
$........................
B-1963
If amount of securities deposited is in excess of amount of bonds allotted, dispose of excess as indicated on the attached
supplementary instructions below. If allotment exceeds deposit, delivery of balance of securities to complete payment of
amount allotted will be made as follows:
(Please indicate by check in proper box)
□
Delivered to you herewith
□
□
To be delivered by .................................................
3 % % T /N
E-1963
2 % % T /N
A-1963
3 % % C /I
A-1963
To be withdrawn from securities held by you
31/4 % C /I
3y4% T /N
D-1963
B-1963
4% T /N
B-1963
Pay adjustment as follows:
□ By check
□
By credit to our reserve account
B E A R E R BONDS DESIRED
Dispose of securities issued, as follows:
(F o r REGISTERED bonds— use only reverse side)
jces
Denomi
nation
Face amount
(Leave this space blank)
500
1,000
□ 1. Deliver over the counter to the undersigned
□ 2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account
□ 4. Ship to the undersigned
□ 5. Special instructions:
5,000
10,000
T h o undersigned (if a bank or trust c o m p a n y ) h ereby
certifies that the secu rities to b e d isp o se d o f as in d ica te d
in item 2 or 3 a b o v e are o w n e d s o le ly b y the u n dersig n ed .
100,000
1,000,000
(IM P O R T A N T :
be a c c e p te d .)
No changes in delivery instructions will
TOTAL
Submitted by
This letter of instructions must be signed
officially in the space provided and re
turned immediately to
(Please print)
Bj .............
Title ..............
Federal Reserve Bank of New York,
By
(Authorized signature(s) required)
...................
Title .................
Fiscal Agent of the United States.
A d d ress.................................................................................................
(S p a ces b elow are fo r the use o f Federal R eserve Bank o f New Y o r k )
G o v e r n m e n t B o n d D iv is io n
__
S a f e k e e p in g D iv is io n
C'anf'pllpd............................
D ELIVE RY RECEIPT
Received from Federal Reserve Bank of New York, Fiscal Agent o f the United States, the above described securities allotted in the amount
indicated above.
D a te ......................................
Subscriber................... ......................................................................
B y ..................................................................................................
SCHEDULE FOR ISSUE OF REGISTERED BONDS DESIRED
(Names and addresses must be printed or typewritten)
( 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 number of bonds desired in each denomination)
Names in which bonds of this issue shall be registered, and postofice addresses for mailing interest checks
Par amount desired
$500
$1,000
$5,000
$10,000
$100,000
1.
2.
3.
4.
!
Total
Mail registered bonds to ..........................................................
instead of to registered owner.
$1,000,000
ALLOTMENT NOTICE FOR GOVERNMENT BOND DIVISION
5
$
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 4 P E R C E N T T R E A S U R Y B O N D S O F 1 9 7 2
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 1 9 7 2
DISPOSITION
Adjustment
DEPOSIT IN ELIG IBLE SECURITIES
Over Counter
3 % % Certificates Series A -1 9 6 3 .......................$.........................................
2 % % Notes Series A-1963 ...............................$.........................................
3 % % Notes Series E-1963 ........................... ....$.........................................
3
Snfekeeping
Certificates Series B-1963 .......................$.........................................
3 1/4 % Notes Series D-1963 ...............................$.........................................
4 % Notes Series B-1963 ............................... ....$.........................................
T. T. & L.
BALANCE OF SECURITIES DUE FROM SUBSCRIBER
Received ........................................................
(date)
Ship
3Mj% Certificates Series A-1963 .......................$.........................................
2 % % Notes Series A-1963 ........................... ....$.........................................
3Y4 %
Notes Series E-1963 ...........................
$........................................
Special Instructions
3*4% Certificates Series B-1963 .......................$.........................................
3V4 % Notes Series D-1963 ........................... ....$.........................................
4% Notes Series B-1963 ............................... ....$.........................................
Balance due ..................................... ....$..............
EXCESS AMOUNT OF SECURITIES RETURNED
TO SUBSCRIBER
3 Vi% Certificates Series A-1963 ...................... $.
2 % % Notes Series A-1963 ........................... ....$.
3
Notes Series E-1963 ........................... ... $.
3 % % Certificates Series B-1963 .......................$_
3*4% Notes Series D-1963 ........................... ....$.
4 % Notes Series B-1963
................................... .... $.
Adjustment due to subscriber ...................................
By check
□
$....................
By credit to reserve account
ALLOTMENT NOTICE FOR SECURITY FILES
$
U N IT E D S T A T E S O F A M E R I C A 4 P E R C E N T T R E A S U R Y B O N D S O F 1 9 7 2
D A T E D S E P T E M B E R 1 5 , 1 9 6 2 , D U E A U G U S T 15, 1 9 7 2
(par amount) of-
ALLOTMENT NOTICE FOR SECURITIES DEPARTMENT
$
U N IT E D S T A T E S O F A M E R I C A 4 P E R C E N T T R E A S U R Y B O N D S O F 1 9 7 2
D A T E D S E P T E M B E R 15, 1962, DUE A U G U S T 15, 1972
7
(par amount) of—
FEDERAL RESERVE BANK
O F N E W YO R K
fiscal
agent
of
the
Subscription Number
(Jn i t k d S t a t e s
NOTICE OF ALLOTMENT
For United States of America 3 % Percent Treasury Notes of Series A -1 9 6 7
To Subscriber:
r
L
n
J
On your exchange subscription, numbered as above, for $
(par amount) of—
U N IT E D S T A T E S O F A M E R I C A 3 ?£ P E R C E N T T R E A S U R Y N O T E S O F S E R IE S A -1 9 6 7
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 19 6 7
which you filed pursuant to the provisions o f Treasury Department Circular No. 15-62, Public Debt Series, dated
September 10, 1962, the Secretary o f the Treasury has allotted notes to you in the amount of—
$
Important
1. To expedite delivery of the securities allotted to you and to facilitate prompt completion of this transaction, please
fill in, sign and return immediately the attached Letter of Instructions in triplicate to the Federal Reserve Bank of
New York, Fiscal Agent of the United States, New York 4 5, N. Y .
Payment
2. Payment for the face amount of notes allotted must be made on or before September 20, 1962, and may be made
only in a like face amount of the securities of the six issues enumerated below. If securities surrendered are in registered
form, they must be assigned in accordance with Section V of Treasury Department Circular No. 15-62, Public Debt Series,
dated September 10, 1962.
3i/2% Cert, of Ind., Series A-1963, due Feb.
2 % % Treas. Notes, Series A-1963, due Feb.
31/ 4 % Treas. Notes, Series E-1963, due Feb.
3 % % Cert, o f Ind., Series B-1963, due May
3i/4% Treas. Notes, Series D-1963, due May
4% Treas. Notes, Series B-1963, due May 15,
15, 1963, with Feb.
15, 1963, with Feb.
15, 1963, with Feb.
15, 1963, with Nov.
15, 1963, with Nov.
1963, with Nov. 15,
15, 1963
15, 1963
15, 1963
15, 1962
15, 1962
1962 and
coupons attached
coupons attached
coupons attached
and May 15, 1963 coupons attached
and May 15, 1963 coupons attached
May 15, 1963 coupons attached
Delivery
3. (a) Delivery of the securities allotted will be made by the Federal Reserve Bank of New York at its Head Office
in New York City, and will not be made before September 20, 1962.
(b) The securities will be delivered over the counter to a representative of the subscriber, provided the representa
tive presents a letter of authority identifying him and signed officially by the subscriber.
Safekeeping
4. Securities allotted to member banks for their own account may be left with this Bank for safekeeping pursuant to
the terms of our Operating Circular No. 14.
F e d e r a l R ese r v e B a n k o f N e w Y
Fiscal Agent o f the United States.
Checked by
ork,
Subscription Number
(This letter of instructions, accompanied by attached duplicate and triplicate
copies, should be filled in and returned to Federal Reserve Bank of New York)
LETTER OF INSTRUCTIONS
T o F e d e r a l R e se r ve B a n k
of
X ew Y ork.
Fiscal Agent of the United States.
Federal Reserve P. 0. Station.
New York
45, N. Y.
1»;• ucnilt! *’ 0D noj:9 n: bviizsL *3 ‘on
tif-tr tcefoa LbTatgiyn ’i l )
r.wof
<ni stiilasm
mg
Attention: Government Bond Division— 2nd Floor
■
Dated at ...... ..............
From (Name and address of Subscriber)
}QM.
;
•;
9
.196-2
On our exchange subscription, numbered as above, for $
U N IT E D S T A T E S O F A M E R IC A 3 %
D A TE D SEPTEM BER
(par amount) of—
P E R C E N T T R E A S U R Y N O T E S O F SE R IE S A -1 9 6 7
15, 1 9 6 2 , DU E A U G U S T 15, 1967
which we filed pursuant to the provisions of Treasury Department Circular No. 15-62, Public Debt Series, dated September
10, 1962, we have received your notice of allotment stating that the Secretary of the Treasury has allotted notes to us
in the amount of—
Payment for the face amount of notes allotted will be made by a like face amount of securities eligible for exchange,
as follows—
Amount submitted as deposit with subscription
3% % C /t
A i <><}:?
2 % % T /N
A-1963
3 % % T /N
E-1963
3y4% c / i
B-1963
3^4% T /N
D-1963
4% T /N
B-1963
$.............. j...........
$........................
$...........................
$............ji-............
$...........................
$...........................
If amount of securities deposited is in excess of amount of notes allotted, dispose of excess as indicated on the attached
supplementary instructions below. If allotment exceeds deposit, delivery of balance of securities to complete payment of
amount allotted will be made as follows:
—
j..... .... . ■|------------—.......... ............(Please indicate by check in proper box)
□
Delivered to you herewith
□
To be withdrawn from securities held by you
~ To be delivered by .................................................
3y2% C /I
A-1963
2 % % T /N
A-1963
3^4% T /N
E-1963
3 14 % C /I
$........................
$........................
$........................
3*4% T /N
D-1963
B-1963
............................ oJ
]■-m tersm Ii
4% T /N
B-1963
$......
Pay adjustment as follows:
□
By check
□
By credit to our reserve account
igai
B E A R E R NOTES DESIRED
□ 2.1.
□
□ 3.
□ 4.
□ 5.
( For REGISTERED notes— use only reverse side)
Denomi
nation
?ces
$
Face amount
(Leave this space blank)
1,000
5,000
bi; >)eni
o ) 10
Dispose of securities issued, as follows
Deliver over the counter to the undersigned
Hold in safekeeping (for member bank only)
Hold as collateral for Treasury Tax and Loan Account
Ship to the undersigned
Special instructions:
10,000
100,000
T he undersigned (if a bank or trust c o m p a n y ) h ereby
certifies that the secu rities to be d isp o se d o f as in d ica te d
in item 2 or 3 a b o v e are ow n e d s olely by the u n d e rsig n e d .
1,000,000
(IM P O R T A N T :
be a cce p te d .)
TOTAL
This letter of instructions must be signed
officially in the space provided and re-
Submitted bv
No ch anges in delivery instructions will
.........................................................................................
^
turned immediately to
(Authorized signature(s) required)
Federal Reserve Bank of New York,
Title ........................................................................
Title .............
fiscal Agent o f the United States.
A d d ress.................................................................................................
(S pa ces below are fo r the use o f frederal Reserve Bank o f New Y o r k )
G o v e r n m e n t B ond D iv is io n
{
S a f e k e e p in g
D iv is io n
Checked............
DELIVERY RECEIPT
Received from Federal Reserve Bank of New York, Fiscal Agent of the United States, the above dcserii.fi securities allotted in the amount
indicated above.
Date.................................
Subscriber..............................................................................
B y .............! ........................................................................
(T h e s e su p plem en ta ry in stru ction s must b e given if su b scrib e r has d e p o s ite d e lig ib le secu rities in e x ce ss o f the am ou nt o f new
secu rities a llo tte d .)
S u p p le m e n ta r y In stru ctio n s f o r D is p o s it io n o f E xcess S e cu ritie s D e p o s ite d
To
F
ederal
R eserv e B a n k o f N ew
Y ork ,
Government Bond Division.
Refund excess of securities by issue in the denominations and manner as indicated below:
(Subscribers are urged to request the largest denominations possible for their own account, and in the case of
banking institutions, for account of their customers. In the absence of contrary instructions in item 5 below, securities
refunded will be in same form (bearer or registered) as securities deposited, and if registered, in same name as securities
deposited.)
(Indicate number desired under appropriate issues and denominations.)
$ 1,000
$.3,000
$ 10,000
* 100,000
3 1/ 2 % Certificates of Feb. 15, 1963
2 % % Notes o f Feb. 15, 1963
3 % % Notes of Feb. 15, 1963
3 % % Certificates of May 15, 1963
3 % % Notes of May 15, 1963
4 r/ 0 Notes o f May 15, 1963
Dispose of securities issued, as follows:
□ 1. Deliver over the counter to the undersigned
□ 2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account
□ 4. Ship to the undersigned
□ 5. Special instructions:
Submitted by ...........................................................................................................
(Please print)
By .......................................................................... .
By ......................... ..
(Authorized >ngnature(s) required)
Title ........................................................................
Address
Title ...............................
$ 1 ,000,000
SCHEDULE FOR ISSUE OF REGISTERED NOTES DESIRED
(Names and addresses must be printed or typewritten)
( I f registered notes, which are mailed directly by Treasury Department, Washington, D. €., are not to b<* st»nt to the registered
owner, give mailing instructions below.)
< ci
-----/
~ 7T
(Indicate number of notes desired in each denomination)
Names in which notes of this issue shall be registered, and posto.fice addresses for mailing infe'fe^t checks
$ 1,000
Par amount desired
1.
•'VXi....... ---- i——
.
T d e i-A £315132 3 0 e 3 T O H YHU A 3 » T 1 1 3 3 * 1 3 3
>'9«!
I T c OU A 3 J d ,Z b eI c l
:
• ,S O -ri .o ’/
"Si 0 1 f-OtOfl F>9ttoi!ft *B.H 7,U I889*lT 0f(t f a
- j ,,
i. ■L <
VTB?im
_7
$10,000 ' $100,000
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(DUPLICATE F O R USE OF F E D E R A L R E S E R V E B A N K OF N E W YORK)
Subscription Number
LETTER OF INSTRUCTIONS
To F e d e r a l R e serve B a n k of N e w Y o r k ,
Fiscal Agent of the United States,
Federal Reserve P. 0 . Station,
New York 45, N. Y.
Attention: Government Bond Division— 2nd Floor
Dated a t ............
From (Name and address of Subscriber)
.1962
On our exchange subscription, numbered as above, for $
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 394 P E R C E N T T R E A S U R Y N O T E S O F S E R IE S A -1 9 6 7
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 19 6 7
which we filed pursuant to the provisions of Treasury Department Circular No. 15-62, Public Debt Series, dated September
30, 1962, we have received your notice of allotment stating that the Secretary of the Treasury has allotted notes to us
in the amount of—
$
Payment for the face amount of notes allotted will be made by a like face amount of securities eligible for exchange,
as follows—
Amount submitted as deposit with subscription:
3 % % C /I
A-1963
2 % % T /N
A-1963
3 14 % T /N
E-1963
3 % % C /I
B-1963
3 % % T /N
D-1963
4 % T /N
B-1963
$........................
$........................
$........................
$........................
$........................
$........................
If amount of securities deposited is in excess of amount of notes allotted, dispose of excess as indicated 011 the attached
supplementary instructions below. I f allotment exceeds deposit, delivery of balance of securities to complete payment of
amount allotted will be made as follows:
(Please indicate by check in proper box)
□
Delivered to you herewith
□
□
To be withdrawn from securities held by you
To be delivered by .................................................
3 % % C /I
A-1963
2 % % T /N
A-1963
3 14 % T /N
E-1963
314 % C /I
B-1963
3 % % T /N
D-1963
4 % T /N
B-1963
$........................
$........................
$........................
$........................
$........................
$........................
Pay adjustment as follows:
□
By check
□
By credit to our reserve account
Dispose of securities issued, as follows:
B E A R E R NOTES DESIRED
(F or REGISTERED notes — use only reverse side)
eces
Denomi
nation
$
Face amount
□ 1.
□ 2.
□ 3.
□ 4.
□ 5.
(Leave this space blank)
1,000
Deliver over the counter to the undersigned
Hold in safekeeping (for member bank only)
Hold as collateral for Treasury Tax and Loan Account
Ship to the undersigned
Special instructions:
5,000
10,000
The undersigned ( i f a bank o r trust c o m p a n y ) hereby
certifies that the secu rities to b e d isp o se d o f as in d ica te d
in item 2 or 3 a b o v e are ow n e d so le ly b y the u n d ersig n ed .
100,000
1,000,000
(IM P O R T A N T :
be a c c e p te d .)
TOTAL
This letter of instructions must be signed
•1
1
1
officially in the space provided and returned immediately to
Submitted by
............................................................. ................ ••••••
(Please print)
^
Federal Reserve Bank of New York,
No changes in delivery instructions will
^
(Authorized signature(s) required)
Titk
........................................................................
Title
Fiscal Agent o f the United States.
Address...................................................................................
(S p a ces below are fo r the use o f Federal R eserve Bank o f New Y o r k )
G o v e r n m e n t B o n d D iv is io n
S a f e k e e p in g
Received...........................Checked............................ Cancelled...........................
D iv is io n
Checked..................................................Delivered
DELIVERY RECEIPT
Received from Federal Reserve BanK of New York. Fiscal Agent of the I'nited States, the above described securities allotted in the amount
indicated above.
D ate......................................
Subscriber..........................................................................................
B y ...................................................................................................
SCHEDULE FOR ISSUE OF REGISTERED NOTES DESIRED
(Names and addresses must be printed or typewritten)
( I f registered notes, which are mailed directly by Treasury Department, Washington, D. C., are not to be sent to the registered
owner, give mailing
instructions
below.)
(Indicate number of notes
office addresses for mailing interest checks
Par
amount desired
1.
2.
3.
4.
Total
Mail registered notes to
instead of to registered owner.
desired in
$1,000
each
$5,000
denomination)
$10,000
$100,000
$1,000,000
Subscription Number
(TR IP LIC A T E FOR USE OF FE D E R A L RESERVE BANK OF NEW YO RK )
LETTER OF INSTRUCTIONS
To F e d e r a l R e se r v e B a n k of N e w Y o r k .
Fiscal Agent of the United States.
Federal Reserve P. 0. Station.
New York 45. N. Y.
Attention: Government Bond Division— 2nd Floor
Dated a t ............
From (Name and address of Subscriber)
.19 62
On our exchange subscription, numbered as above, for $
U N IT E D S T A T E S O F A M E R IC A 3 %
D A T E D SEPTEM BER
(par amount) of—
P E R C E N T T R E A S U R Y N O T E S O F SE R IE S A -1 9 6 7
15, 1 9 6 2 , D U E A U G U S T 15, 19 6 7
which we filed pursuant to the provisions of Treasury Department Circular No. 15-62, Public Debt Series, dated September
10, 1962, we have received your notice of allotment stating that the Secretary of the Treasury has allotted notes to us
in the amount of—
Payment for the face amount of notes allotted will be made by a like face amount of securities eligible for exchange,
as follows—
Amount submitted as deposit with subscription:
C/ I
A-1063
2 % % T /N
A-1963
3Vt % T /N
E-1963
3 y4% c/i
B-1963
3 % % T /N
D-1963
4% T /N
B-1963
$........................
$........................
$........................
$........................
$........................
$........................
3
If amount of securities deposited is in excess of amount of notes allotted, dispose of excess as indicated on the attached
supplementary instructions below. If allotment exceeds deposit, delivery of balance of securities to complete payment of
amount allotted will be made as follows:
(Please indicate by check in proper box)
□
Delivered to you herewith
□
□
To be delivered by .................................................
2 % % T /N
A-1963
3y2% C/I
A-1963
To be withdrawn from securities held by you
3 % % C /I
B-1963
3^4% T /N
E-1963
3 % % T /N
D-1963
4% T/N
B-1963
Pay adjustment as follows:
□
By check
□
Bj^ credit to our reserve account
Dispose of securities issued, as follows:
B E A R E R NOTES DESIRED
;ces
Denomi
nation
$
□ 2. Hold in safekeeping (for member bank only)
□ 3. Hold as collateral for Treasury Tax and Loan Account
□ 4. Ship to the undersigned
\
□ 5. Special instructions:
(Leave this space blank)
Face amount
1,000
5,000
10,000
T he undersigned ( if a bank or trust c o m p a n y ) hereby
certifies that the secu rities to be d is p o se d o f as in d ica ted
in item 2 or 3 a b o v e are o w n e d so le ly by the u n d ersig n ed .
100,000
1,000,000
(IM P O R T A N T :
be a c c e p te d .)
TOTAL
This letter of instructions must be signed
Submitted by
officially in the space provided and returned immediately to
^
Federal Reserve Bank of New York,
No ch anges in delivery instructions will
.............................................................. . . ...........-•••••
(Please print)
^
(Authorized signature(s) required)
Title .........................................................................
Title
Fiscal Agent o f the United States.
A d d ress...............................................................................................
(S p a ces b elow are fo r the use of Federal R eserve Bank of New Y o r k )
Governm ent
B on d
D iv is io n
S a f e k e e p in g
Received........................... Checked............................ Cancelled...........................
D i v is io n
Checked..................................................Delivered
D ELIVERY RECEIPT
Received from Federal Reserve Bank of New York. Fiscal Agent of the United States, the above described securities allotted in the amount
indicated above.
D ate......................................
Subscriber..........................................................................................
B y .............................................................................. ....................
SCHEDULE FOR ISSUE OF REGISTERED NOTES DESIRED
(Names and addresses must be printed or typewritten)
( I f registered notes, which are mailed directly by Treasury Department, Washington, D. C., are not to be sent to the registered
owner, give mailing instructions below.)
(Indicate number of notes desired in each denomination)
Names in which notes of this issue shall be registered, and postoffice addresses for mailing interest checks
Par amount desired
1.
2.
3.
4.
Total
Mail registered notes to
instead of to registered owner.
$1,000
$5,000
$10,000
$100,000
$1,000,000
ALLOTMENT NOTICE FOR GOVERNMENT BOND DIVISION
$
5
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 3*4 P E R C E N T T R E A S U R Y N O T E S O F SE R IE S A -1 9 6 7
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 1967
$
DISPOSITION
Adjustment
DEPOSIT IN ELIGIBLE SECURITIES
3 ^ % Certificates Series A-1963 ...................
$
2 % % Notes Series A-1963 ...........................
$
3 % % Notes Series E-1963 ...........................
$
3 % % Certificates Series B-1963 ...................
$
3 % % Notes Series D-1963 ...........................
$ .....................................
Over Counter
...............................
Safekeeping
T. T. & L.
BALANCE OF SECURITIES DUE FROM SUBSCRIBER
Received ........................................................
(date)
Ship
3 l/ i % Certificates Series A-1963 ...................
$
2 % % Notes Series A-1963 ...........................
$
Notes Series E-1963 ...........................
$
3,/4 % Certificates Series B-1963 ...................
$
3*4% Notes Series D-1963 ...........................
$
4 % Notes Series B-1963 ...............................
$
3% %
Special Instructions
Balance due
.....................................
$
EXCESS AMOUNT OF SECURITIES RETURNED
TO SUBSCRIBER
Certificates Series A-1963 ...................
$
2 % % Notes Series A-1963 ...........................
$
3 * 4 % Notes Series E-1963 ...........................
$
3 14 % Certificates Series B-1963 ...................
$
3 Vi % Notes Series D-1963 ...........................
$
4% Notes Series B-1963 ...........................
$
Adjustment due to subscriber ...................................
□
By check
$..................
Q By credit to reserve account
V
.
"'
*
ALLOTMENT NOTICE FOR SECURITY FILES
6
,**■
$
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 3 % P E R C E N T T R E A S U R Y N O T E S O F SE R IE S A -1 9 6 7
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 1 9 6 7
7
ALLOTMENT NOTICE FOR SECURITIES DEPARTMENT
$
(par amount) of—
U N IT E D S T A T E S O F A M E R IC A 3 ? i P E R C E N T T R E A S U R Y N O T E S O F SE R IE S A -1 9 6 7
D A T E D S E P T E M B E R 15, 1 9 6 2 , D U E A U G U S T 15, 19 6 7
FORM B-2 (Submit in triplicate)
Subscriber’s Reference No.
Subscription No.
Securities Accompanying Subscription
For United States of America 4 Percent Treasury Bonds of 1972
Dated September 15, 1962, Due August 15, 1972
F e d e r a l R e se r v e B a n k
of
N ew Y ork,
Fiscal Agent of the United States,
New York 45, N. Y.
Dated a t ......................................................
............................................................labZ
D ear S ir s :
Referring to subscription entered in the amount of $....................................... for United States of
America 4 percent Treasury Bonds of 1972, the undersigned deposits herewith one of the exchangeable
issues listed below, as follow s:
Face amount
3V'2 °/o Certificates of Feb. 15, 1963, with Feb. 15, 1963 coupons attach ed ................
$..............................
2 % % Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
31/4 % Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
3 % % Certificates of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons
attached .........................................................................................................................
$................. .............
314%
Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
$.
4% Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
$.
( D o n o t fill in b o x e s b e lo w )
Submitted b y .................................................................
G o v e r n m e n t B o n d D iv is io n
Received
C O N T R O L CO P Y
Checked
Address
Subscriber’s Reference No.
Subscription N o.
NONNEGOTIABLE RECEIPT
To Subscriber:
of N e w Y o r k , Fiscal Agent of the United States, hereby acknowledges receipt of
securities deposited in the amount indicated below with subscription numbered as above in exchange for
F e d e r a l R e se r v e B a n k
4 PERCENT TREASURY BONDS OF 1972
Securities allotted on this subscription will be delivered on
September 20, 1962, in accordance with your instructions.
Teller
Government Bond Division— Issues & Redemption Section
To
F e d e ra l R eserve B a n k o f N ew Y o rk ,
Fiscal Agent of the United States
Face am ount
C /I Ser. A . Feb. 15, 1963
T /N Ser. A Feb. 15, 1983
(Date)
T /N Ser. E Feb. 15, 1963
You are hereby authorized to deliver to
C /I Ser. B May 15, 1963
(Name of representative)
whose signature appears below,
$........................... .......... par amount
of securities issued pursuant to this subscription.
T /N Ser. D May 15, 1963
T /N Ser. B May 15, 1963
Submitted by
Name______________________________________
(Please print)
(Official signature required)
(Signature of authorized representative)
Address
To Subscriber:
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 o f delivery.
Subscriber’s Reference N o.
Subscription No.
Securities Accompanying Subscription
For United States of America 4 Percent Treasury Bonds of 1972
Dated September 15, 1962, Due August 15, 1972
F e d e r a l R e se r v e B a n k
of
New Y
ork,
Fiscal Agent of the United States,
New York 45, N. Y.
Dated a t ......................................................
inco
............................................................................. I9 b 2
D ear S ir s :
Referring to subscription entered in the amount of $....................................... for United States of
America 4 percent Treasury Bonds of 1972, the undersigned deposits herewith one of the exchangeable
issues listed below, as follow s:
Face am ou n t
Certificates of Feb. 15, 1963, with Feb. 15, 1963 coupons atta ch ed ................
$..............................
2 % % Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
3^4% Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
3% % Certificates of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons
attached .........................................................................................................................
$..............................
31/4 % Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
$
4% Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
$.
3 ^2 %
Submitted by ......................................................
Address
SECURITY RECORDS “ IN T IC K E T ”
..............................................................................
FORM N-2 (Submit in triplicate)
Subscriber’s Reference No.
Subscription No.
Securities Accompanying Subscription
For United States of America 3% Percent Treasury Notes of Series A -1967
Dated September 15, 1962, Due August 15, 1967
F e d e r a l R e se r v e B a n k
of
N ew Y
ork,
Fiscal Agent of the United States,
New York 45, N. Y.
Dated a t ......................................................
1902
D ear S ir s :
Referring to subscription entered in the amount of $....................................... for United States of
America 3% percent Treasury Notes of Series A-1967, the undersigned deposits herewith securities of one
of the exchangeable issues listed below, as follows:
F a ce a m ou n t
Sy2% Certificates of Feb. 15, 1963, with Feb. 15, 1963 coupons atta ch ed ................
$..............................
2 % % Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
3-/4% Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
3x/±°/o Certificates of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons
attached .........................................................................................................................
$..............................
3*4% Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
4% Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
( D o n o t fill in b o x e s b e lo w )
Submitted by
G o v e r n m e n t B o n d D iv is io n
Received
Checked
C O N T R O L CO P Y
Address
Subscriber’s Beference N o.
Subscription No.
NONNEGOTIABLE RECEIPT
To Subscriber:
F ederal R eserve B a n k of N e w Y or k , Fiscal Agent of the United States, hereby acknowledges receipt of
securities deposited in the amount indicated below with subscription numbered as above in exchange for
3% PERCENT TREASURY NOTES OF SERIES A-1967
Securities allotted on this subscription will be delivered on
September 20, 1962, in accordance with your instructions.
SSSSSSSSSSSSSISffSSi
0 0 0 0 — 9 9 9 9 0 0 9 i^ i—
999— 9—
ooo— oo—
oo— eooo—
— 0—
0 — O— O—
OQ— O'
•Q99&09—
09 0 9 9 ee0 i I *
Teller
Government Bond Division—Issues & Redemption Section
To
—
9—
F a ce a m ou n t
F e d e r a l 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
(Date)
15, 1963 . . . • •
$
15, 1963 . . . • •
$
15, 1963
$
••
You are hereby authorized to deliver to
15, 1963
(Name of representative)
whose signature appears below,
$...................... ............... par amount
of securities issued pursuant to this subscription.
... . .
$
15, 1963 . . . • •
$
15, 1963 . . . • •
$
Submitted by
Name---------------------------------------------------------(Please print)
(Official signature required)
(Signature of authorized representative)
Address
To Subscriber:
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 o f delivery.
Subscriber’ s Eeference N o.
Subscription No.
Securities Accompanying Subscription
For United States of America 3 % Percent Treasury Notes of Series A -1967
Dated September 15, 1962, Due August 15, 1967
F e d e r a l R e se r v e B a n k
of
N ew Y
ork,
Fiscal
United States,
>cal Agent of the Unit
New York 45, N. Y.
Dated at
............................................................... 1962
D ear Sirs :
Referring to subscription entered in the amount of $....................................... for United States of
America 3% percent Treasury Notes o f Series A-1967, the undersigned deposits herewith securities of one
of the exchangeable issues listed below, as follows:
Face amount
31/ 2 %
Certificates of Feb. 15, 1963, with Feb. 15, 1963 coupons a tta ch ed ................
$..............................
2 % % Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached ........................
$..............................
314%
........................
$..............................
31/4% Certificates of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons
attached .........................................................................................................................
$..............................
314%
Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
$..............................
4% Notes of May 15, 1963, with Nov. 15, 1962 and May 15, 1963 coupons attached
$..............................
Notes of Feb. 15, 1963, with Feb. 15, 1963 coupons attached
Submitted by ...............................................................................................
Address
S E C U R IT Y RECORDS “ I N T I C K E T ”
.........................................................................................................................
@FedFRASER