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F E D E R A L R E S E R V E BANK O F N EW YO R K Fiscal Agent of the United States /"Circular No. 5 8 0 6 1 I April 29, 1966 J 478 Percent Treasury Notes of Series F-1967, at 99.85 OFFE R ED IN E XC H A N G E FO R 4 Percent Treasury Notes of Series D-1966 or 3% Percent Treasury Bonds of 1966 To A ll Banking Institutions, and Others Concerned, in the Second Federal Reserve D istrict: The subscription books will open on Monday, May 2, for an offering of — 4 % percent Treasury Notes o f Series F-1967, dated M ay 15, 1966, maturing November 15, 1967, at 99.85, to yield about 4.98 percent, in exchange for the 4 percent Treasury Notes of Series D-1966 or the 3% percent Treasury Bonds of 1966, both maturing May 15, 1966. The terms of this offering are set forth in Treasury Department Circular No. 4-66, Public Debt Series, dated April 28, 1966, a copy of which is printed on the following pages. Only banking institutions may submit subscriptions for account of customers. On such subscriptions, the custom ers’ names must be furnished. On subscriptions for account of cus tomers other than individuals, their location (C ity and State) must also be furnished. On subscriptions for account of customers of correspondent banks, the names o f such customers (and if not individuals, their locations) must be furnished. Subscribers are required to certify that at the time the subscription is entered the securities surrendered are owned and delivery was accepted by the subscriber, or that such securities were contracted for purchase for value by the subscriber for delivery to the subscriber prior to the closing of the subscription books. Subscriptions #will be received by this Bank as fiscal agent of the United States. Cash subscriptions will not be received. Subscriptions should be submitted in triplicate on official subscription forms, copies of which are enclosed, and should be mailed immediately. If filed by telegram or letter, the subscriptions should be confirmed immediately by mail on the forms provided. The subscription books will remain open for three days, May 2 through, May 4. Any subscription addressed to a Federal Reserve Bank or Branch or to the Treasury Department and placed in the mail before midnight Wednesday, May 4, will be considered timely. A lfred H a y e s , President. UNITED STATES OF AMERICA 4% PERCENT TREASURY NOTES OF SERIES F-1967 Dated and bearing interest from May 15, 1966 Due November 15, 1967 DEPARTM EN T CIRCULAR TREASU RY DEPARTM ENT, Public Debt Series— No. 4-66 O f f ic e o f t h e S e c r e t a r y , Washington, A pril 28,1966. I. $100,000, $1,000,000, $100,000,000 and $500,000,000. Provision will be made fo r the interchange of notes of different denominations and o f coupon and registered notes, and for the transfer o f registered notes, under rules and regulations prescribed by the Secretary o f the Treasury. OFFERING OF NOTES 1. The Secretary o f the Treasury, pursuant to the authority o f the Second Liberty B ond A ct, as amended, offers notes o f the United States, designated 4 % per cent Treasury Notes o f Series F-1967, at 99.85 percent o f their face value, in exchange fo r the follow ing securities m aturing M ay 15, 1966, singly or in com bi nations aggregating $1,000 or multiples th e re o f: 5. The notes will be subject to the general regula tions o f the Treasury Department, now or hereafter prescribed, governing United States notes. 4 percent Treasury Notes o f Series D-1966; or 3 % percent Treasury Bonds o f 1966. III. The cash payment due subscribers will be made as set forth in Section I V hereof. The amount o f this offer ing will be limited to the amount o f eligible securities tendered in exchange. The books will be open only on M ay 2 through M ay 4, 1966, fo r the receipt o f sub scriptions. II. 1. Subscriptions accepting the offer made by this circular will be received at the Federal Reserve Banks and Branches and at the Office o f the Treasurer o f the United States, W ashington, D. C. 20220. Banking institutions generally may submit subscriptions for account o f customers, but only the Federal Reserve Banks and the Treasury Department are authorized to act as official agencies. DESCRIPTION OF NOTES 1. The notes will be dated M ay 15, 1966, and will bear interest from that date at the rate o f 4 % percent per annum, payable semiannually on November 15, 1966, and on M ay 15 and November 15, 1967. They will mature November 15, 1967, and will not be sub ject to call for redemption prior to maturity. 2. Under the Second Liberty Bond A ct, as amended, the Secretary o f the Treasury has the authority to reject or reduce any subscription, and to allot less than the amount o f notes applied fo r when he deems it to be in the public interest; and any action he may take in these respects shall be final. Subject to the exercise o f that authority, all subscriptions will be allotted in full. * 2. The income derived from the notes is subject to all taxes imposed under the Internal Revenue Code o f 1954. The notes are subject to estate, inheritance, 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 o f the possessions o f the United States, or b y any local taxing authority. IV. PAYMENT 1. Payment fo r the face amount o f notes allotted hereunder must be made on or before M ay 16, 1966, or on later allotment, and may be made only in a like face amount o f securities o f the two issues enumerated in paragraph 1 o f Section I hereof, which should ac com pany the subscription. Payment will not be deemed to have been com pleted where registered notes are requested if the appropriate identifying number as required on tax returns and other documents sub mitted to the Internal Revenue Service (an indi vidual’s social security number or an em ployer identi 3. The notes will be acceptable to secure deposits o f public moneys. They will not be acceptable in pay ment o f taxes. 4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denominations o f $1,000, $5,000, $10,000, SUBSCRIPTION AND ALLOTMENT 2 same name as the securities surrendered, the assign ment should be to “ The Secretary o f the Treasury for exchange fo r 4 % percent Treasury Notes o f Series F-1967” ; if the new notes are desired registered in another name, the assignment should be to “ The Secretary o f the Treasury fo r exchange fo r 4 % per cent Treasury Notes o f Series F-1967 in the name of fication num ber) is not furnished. A cash payment o f $1.50 per $1,000 will be made to subscribers on account o f the issue price o f the new notes. The payment will be made by check or b y credit in any account maintained by a banking institution with the Federal Reserve Bank o f its District, follow ing ac ceptance o f the maturing securities. In the case of registered securities, the payment will be made in accordance with assignments on the securities sur rendered. W hen payment is made with securities in bearer form , coupons dated May 15, 1966, should be detached and cashed when due. W hen payment is made witli registered securities, the final interest due on M ay 15, 1966, will be paid b y issue o f interest checks in regular course to holders o f record on A pril 15, 1966, the date the transfer books closed. V. ..................................................if new notes in coupon form are desired, the assignment should be to “ The Secretary o f the Treasury fo r exchange fo r 4 % per cent Treasury Notes o f Series F-1967 in coupon form to be delivered t o ............................................. VI. ASSIGNMENT OF REGISTERED SECURITIES 1. Treasury securities in registered form tendered in payment for notes offered hereunder should be as signed by the registered payees or assignees thereof, in accordance with the general regulations o f the Treasury Department governing assignments for transfer or exchange, in one o f the form s hereafter set forth, and thereafter should be surrendered with the subscription to a Federal Reserve Bank or Branch or to the Office o f the Treasurer o f the United States, W ashington, D. C. 20220. The maturing securities must be delivered at the expense and risk o f the holder. I f the new notes are desired registered in the 3 GENERAL PROVISIONS 1. A s fiscal agents o f the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make such allotments as may be prescribed by the Secretary o f the Treasury, to issue such notices as may be necessary, to receive payment for and make delivery o f notes on full-paid subscrip tions allotted, and they may issue interim receipts pending delivery o f the definitive notes. 2. The Secretary o f the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offer ing, which will be com municated prom ptly to the Federal Reserve Banks. JO SE PH W . BARR, A ctin g S ecretary o f the Treasury. Subscription No. DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION i For United States of America 4% Percent Treasury Notes of Series F-1967 Dated May 15, 1966, Due November 15, 1967 B E A R E R N O TE S D E S IR E D IN E X C H A N G E (U se schedule on reverse side for REGISTERED notes) Dispose o f securities issued as fo llo w s : Denomi nation Pieces $ □ 1. Deliver over the counter to the undersigned 1,000 □ 2. H old in safekeeping member bank o n ly )* 5,000 □ 3. H old as collateral fo r Treas ury Tax and Loan Account* 10,000 □ 4. Ship to the undersigned □ 5. Special instructions: (Leave this space blank) Face amount 100,000 (fo r 1,000,000 TOTAL *If this item is checked, the subscriber certi fies that the allotted securities will be owned solely by the subscriber. (IM PO R TA N T: No changes in delivery instructions will be accepted. A separate subscription form must be submitted for each group o f securities for which different delivery instruc tions are given.) Submitted by The subscription books will open on May 2, and close at the close of business May 4, 1966. (Please print) By ................... ..................... v , B y ........................ (Authorized signature(s) required) T i t l e ........................................................., T i t l e .................... Address ..................................................................................... (Spaces below are for the use o f the Federal Reserve Bank o f New Y ork ) S a f e k e e p in g R ecord Received Received from F e d e r a l R e s e r v e B a n k o f N e w Y States obligations in the amount subscribed for. Subscriber Checked and delivered ......................................................................... ork the a b o v e described United Schedule for Issue of Registered Notes Mail registered notes to Subscriber’s Reference No. (Please type or print legibly and submit in triplicate) Subscription No. N -l EXCHANGE SUBSCRIPTION For United States of America 47/s Percent Treasury Notes of Series F-1967 Dated May 15, 1966, Due November 15, 1967 Im portant Instructions. 1. Separate subscription forms should be used ( a ) for listing bearer securities surren dered, ( b ) for listing registered securities surrendered, and ( c ) for each group of new securities for which different delivery instructions are given. 2. Separate subscription forms should be used for bearer securities and registered securities desired in exchange. 3. Social Security account numbers or Em ployer Identification numbers of all subscribers for reg istered securities must be furnished on the reverse side hereof. 4. Signatures are required on original only; all other filled-in matter should appear in triplicate. F ed er al R eser ve B a n k of N e w Y o r k , Dated at ......................................................... Fiscal A gent o f the United States, New York, N. Y . 10045 .................................................................... 1966 A tten tion : Government Bond Division Gentlem en : Subject to the provisions o f Treasury Department Circular No. 4-66, Public Debt Series, dated A pril 28, 3966, the undersigned hereby subscribes, at 99.85% , for United States o f Am erica 4 % percent Treasury Notes of Series F-1967 in the amount o f $................................................................................................... * and tenders in payment therefor a like par amount of the securities — Delivered to you h e r e w ith ............................................................................................ $.................................. To be withdrawn from securities held by y o u ........................................................ $.................................. To be delivered by ......................................................................................................... * .................................. *(P lease fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.” ) S E C U R IT IE S SU R R E N D E R E D (all coupons should be dctached) Total Am ount 4 °7o Treasury Notes of Series D -1966 3% % Treasury Bonds of 1966 Total . . . $ Pay the discount ($1.50 per $1,000) on the issue price o f the new securities, as follow s: □ By check □ B y credit to reserve account W e H e r e b y C e r t i f y that at the time this subscription was entered the above-described securities surrendered or to be surrendered in connection with this exchange were owned and delivery accepted by the subscriber, or were contracted for purchase for value by the subscriber for delivery to the subscriber prior to the closing o f the subscription books. (S ignature(s) required also on Delivery Instructions below) (D o not fill in boxes below ) G o v e r n m e n t B o n d D iv is io n Received Checked Submitted by ............................. (Please print) Canceled By ................... > B y ................................ (Authorized signature(s) required) Title ................................................................ Title Address ............................................................ ( I f space is insufficient in schedules below, attach separate listing) List of Accounts Included in this Subscription (Indicate total amount of all issues surrendered by each customer and by yourself) (Leave this space blank Name and location (C ity and State) o f ultimate purchaser (Location of individuals not required) 4 % Notes D -1966 $ ..................... 3 % % Bonds 1966 $ .................. Totals $ ....... Our own a c c o u n t ............................................. Totals ........................................................ $ ..................... ft ............. ft 1 T .................... SECURITY RECORDS “OUT TICKET” Subscription No. DELIVERY INSTRUCTIONS— EXCHANGE SUBSCRIPTION For United States of America 4% Percent Treasury Notes of Series F-1967 Dated May 15, 1966, Due November 15, 1967 B E A R E R N O TE S D E S IR E D IN E X C H A N G E (Use schedule on reverse side for REGISTERED notes) Denomi nation Pieces $ Dispose o f securities issued as fo llo w s : □ 1. Deliver over the counter to the undersigned 1,000 □ 2. H old in safekeeping member bank o n ly )* 5,000 □ 3. H old as collateral fo r Treas ury Tax and Loan Account* 10,000 □ 4. Ship to the undersigned □ 5. Special instructions: Face amount (Leave this space blank) 100,000 1,000,000 TOTAL Submitted by Address (fo r Schedule for Issue of Registered Notes Mail registered notes to Subscriber’s Reference No. DUPLICATE— SECURITY RECORDS “ IN TICKET” Subscription No. N -2 EXCHANGE SUBSCRIPTION For United States of America 47s Percent Treasury Notes of Series F-1967 Dated May 15, 1966, Due November 15, 1967 Dated a t ......................................................... F ed eral R eserve B a n k of N e w Y o r k , Fiscal Agent o f the United States, New York, N. Y . 10045 ........................................................................ 1966 Attention : Government Bond Division Gentlem en : Subject to the provisions o f Treasury Department Circular No. 4-66, Public Debt Series, dated A pril 28, 1966, the undersigned hereby subscribes, at 99.85%, for United States o f Am erica 4 % percent Treasury Notes o f Series F-1967 in the amount o f $................................................................................................... * and tenders in payment therefor a like par amount of the securities — Delivered to you h e r e w ith ............................................................................................ $.................................. To be withdrawn from securities held by y o u ........................................................ $.................................. To be delivered by ......................................................................................................... $.................................. •(Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.’ ’ ) S E C U R IT IE S SU R R E N D E R E D (all coupons should be detached) Total Am ount 4% Treasury Notes of Series D -1 96 6 3% % ....................................................................... $ ............................. Treasury Bonds of 1966 .................................................................................... $ ............................. Total ................................................................................. $ Pay the discount ($1.50 per $1,000) on the issue price o f the new securities, as follow s: □ B y check □ By credit to reserve account W e H e r e b y C e r t i f y that at the time this subscription was entered the above-described securities surrendered or to be surrendered in connection with this exchange were owned and delivery accepted by the subscriber, or were contracted for purchase for value by the subscriber for delivery to the subscriber prior to the closing o f the subscription books. Submitted by Address ( i f space is insufficient in schedules below, attach separate listing) List of Accounts Included in this Subscription (Indicate total amount of all issues surrendered by each customer and by yourself) (Leave this space blank) Name and location (C ity and State) o f ultimate purchaser 4 % Notes D-1966 3 % % Bonds 1966 $ ..................... $ ..................... (Location of individuals not required) Totals $ ............. Our own a c c o u n t ............................................. Totals ........................................................ $ ... ft ............. - .............. - 1T ..................... N O N N EG O TIABLE RECEIPT Subscription No. To Subscriber: F ederal R eserve B a n k of N e w Y or k , Fiscal A gent o f the United States, hereby acknowledges receipt of securities tendered with subscription numbered as above in exchange fo r 4 % P E R C E N T T R E A S U R Y N O TE S OF S E R IE S F-1967 Securities allotted on this subscription will be delivered on May 16, 1966, in accordance with your instructions. .......................................Teljer....................................... _____________ ________ ________________________________________________ Government Bond Division — Issues & Redemption Section B E A R E R N O TE S D E S IR E D IN E X C H A N G E (U se schedule on reverse side for REGISTERED notes) Denomi nation Pieces $ Dispose o f securities issued as fo llo w s : □ 1. Deliver over the counter to the undersigned 1,000 □ 2. H old in safekeeping member bank o n ly )* 5,000 □ 3. H old as collateral fo r Treas u ry Tax and Loan A ccount* 10,000 □ 4. Ship to the undersigned □ 5. Special instructions: (Leave this space blank) Face amount 100,000 (fo r 1,000,000 TOTAL To F e d er al R e se r v e B a n k of N e w Y ork Fiscal A gent of the United States (Date) STou are hereby authorized to deliver to Submitted by (Name of representative) whose signature appears below, Address $ ...................................................... par amount of securities issued pursuant to this subscription. N a m e ......................................................................... (Please print) To Subscriber: I f (Official signature required) securities are to be delivered over the authority in the box to the left (Signature of authorized representative) the counter at this Bank to your representative, be executed on the date of delivery. should Schedule for Issue of Registered Notes Mail registered notes to Subscriber’s Reference No. TRIPLICATE— TREASURY REPORTS COPY Subscription No. N-3 EXCHANGE SUBSCRIPTION For United States of America 47s Percent Treasury Notes of Series F-1967 Dated May 15, 1966, Due November 15, 1967 Dated a t ................................................. F e d e ra l R eserve B a n k o f N ew Y o rk , Fiscal Agent o f the United States, New York, N. Y . 10045 .........................................................................1966 A tten tion : Government Bond Division Gentlem en : Subject to the provisions o f Treasury Department Circular No. 4-66, Public Debt Series, dated A p ril 28, 1966, the undersigned hereby subscribes, at 99.85%, for United States o f Am erica 4 % percent Treasury Notes o f Series F-1967 in the amount o f $................................................................................................... * and tenders in payment therefor a like par amount o f the securities — Delivered to you h e r e w ith ............................................................................................ $.................................. To be withdrawn from securities held by y o u ........................................................ $.................................. To be delivered by ......................................................................................................... $.................................. •(Please fill in on the reverse side the schedule “ List of Accounts Included in this Subscription.’ ’ ) S E C U R IT IE S SU R R E N D E R E D (all coupons should be detached) Total Am ount 4% Treasury Notes of Series D -1 96 6 3% % ....................................................................... $ ................................... Treasury Bonds of 1966 ......................... .......................................................... $ ................................... Total ................................................................................. $ ................................... Pay the discount ($1.50 per $1,000) on the issue price o f the new securities, as follow s: □ B y check Q B y credit to reserve account W e H e r e b y C e r t i f y that at the time this subscription was entered the above-described securities surrendered or to be surrendered in connection with this exchange were owned and delivery accepted by the subscriber, or were contracted for purchase fo r value by the subscriber for delivery to the subscriber prior to the closing o f the subscription books. Submitted by Address (I f space is insufficient in schedules below, attach separate listing) List o f Accounts Included in this Subscription (Indicate total amount of all issues surrendered by each customer and by yourself) ( Leave this space blank) Name and location (C ity and State) o f ultimate purchaser (Location of individuals not required) 4 % Notes D -1966 $ ..................... 3 % % Bonds 1966 $ .............. Totals . > ............ ............. * .............. Our own a c c o u n t ............................................. Totals ........................................................ $ ................................. $ .................................
@FedFRASER