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FEDERAL RESERVE BANK OF NEW YORK Securities Department f S ^ ^ ^ I March 16, SUBSCRIPTION BOOKS TO CLOSE TUESDAY, MARCH 22 On New Issue of 3% Per Cent Treasury Notes Offered in Exchange for Second Liberty Loan Converted 4% Per Cent Bonds To Holders of Second Liberty Loan Converted 4H Per Cent Bonds of 1927-42: The following statement regarding the exchange of Second 4^4s for Treasury notes of Series A, 1930-32, was today made public by the Treasury Department: The Treasury Department announces that up to the close of business on March 15th, over $1,000,000,000 of the Second Liberty Loan 4"^4 per cent bonds, or more than one-third of the total Second 4*4s outstanding, had been presented for conversion into five year, Sy2 per cent Treasury notes in accordance with the terms of the offering made public by the Treasury on March 8th. The Treasury Department is gratified at the favorable response which fully meets its expectations. In order to give other holders of Second Liberty 41/! per cent bonds an opportunity to avail themselves of this offer the Treasury plans to keep the books open until the close of business, Tuesday, March 22nd. The subscription books for this offering will, therefore, remain open and exchange applications will continue to be received by this bank until the close of business on March 22 as stated in the Treasury's announcement. Very truly yours, B E N J . STRONG, Governor. U.A-INV, Application Number COUPON BOND EXCHANGE APPLICATION Lot Number E For V/2 Per Cent Treasury Notes, Series A-1930-32 Dated March 15,1927. Due March 15,1932. In Exchange for Coupon Second Liberty Loan Converted 4% Per Cent Bonds INSTRUCTIONS TO APPLICANTS: This form should be used in subscribing to 3}& Series A-1930-32, by offering in payment Coupon Second Liberty Loan Converted 4*4 Per Please send such bonds with this application. If you wish to make payment by such bonds account please instruct us. Such bonds must bear coupon maturing on May 15, 1927, and subsequent thereto. Treasury notes, Series A-l930-32, will not be issued in registered form. per cent Treasury notes, Cent Bonds of 1927-42. now held by us for your all coupons bearing dates 1927 FEDERAL RESERVE BANK or NEW YORK Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 8, 1927, please enter subscription at par for $ (par value) United States of America 3 3 ^ per cent Treasury notes of Series A-1930-32, dated March 15, 1927, in exchange for Coupon Second Liberty Loan Converted 4*4 Per Cent Bonds of 1927-42 tendered herewith in a like prin^pal amount in payment. INSTRUCTIONS TO FEDERAL RESERVE BANK OF NEW YORK COND LIBERTY LOAN CONVERTED 4U PER 3% PER CENT COUPON NOTES DESIRED IN EXCHANGE ;NT COUPON BONDS TENDERED HEREWITH Number of Pieces $ X X X Number of Pieces Denomination $ 50 100 500 500 1,000 1,000 5,000 5,000 10,000 10,000 X X X X Face Amount Leave Tbis Space Blank 50 100 > X Leave Blank Face Amount Denomination 100,000 X Total Total DISPOSE or NOTES AS INDICATED BELOW DISPOSE OP INTEREST PROCEEDS AS INDICATED BELOW • Hold for Safekeeping (For Members only) j—j By credit to our Keserve Account Deliver Over Counter I ] Special Instructions: Deliver to Loan Department I—j Ship Definitive Securities 11 By check Special Instructions: Before signing fill in all required spaces. TO SUBSCRIBER: Mark (X) in proper space to indicate if this is: nginal subscription Subscriber Post Office Address State \finnation of a telegram, confirmation of a letter.... Official signature required SPACES BELOW < A.RE FOB THE USE OF THE FEDERAL RESERVE BANK Examined Received Carded Classified Checked Ledger Acknowledged Recorded Delivery Receipt Received from FEDERAL RESERVE BANK OP N E W YORK $ Delivery Prepared Delivery Checked Delivered par value. 314% Treasury Notes Dated March 15,1927 Due March 15, 1932 Subscriber Date.. Received Checked Interest Checked By.. Examined Window Safekeeping Mail EA-NR Application Number REGISTERED BOND EXCHANGE APPLICATION Lot Number E For 3% Per Cent. Treasury Notes, Series A-1930-32 Dated March 15, 1927. Due March 15, 1932. In Exchange for Registered Second Liberty Loan Converted 4V4 Per Cent. Bonds INSTRUCTIONS TO APPLICANTS: This form should be used in subscribing to 3 H per cent Treasury notes, Series A-1930-32, by offering in payment Registered Second Liberty Loan Converted 4*4 Per Cent Bonds of 1927-42. Please mend such bonds with this application. If you wish to make payment by such bonds now held by us for your account please instruct us. Such registered bonds offered in exchange must be properly assigned "To the Secretary of the Treasury for Redemption." Treasury notes, Series A-1930-32, will not be issued in registered form. ,1927 FEDERAL BESERVE BANK or NEW YORK Fiscal Agent of the United States, New York, N. Y. DEAR SIRS: Pursuant to the terms stated in the offering of the Secretary of the Treasury dated March 8, 1927, please enter subscription at par for $ (par value) United States of America 3% per cent Treasury notes of Series A-1930-32, dated March 15, 1927, in exchange for registered Second Liberty Loan Converted 4*4 Per Cent Bonds of 1927-42, tendered herewith in a like principal amount in payment. INSTRUCTIONS TO FEDERAL RESERVE BANK OF NEW YORK JECOND LIBERTY LOAN CONVERTED 4 U PER SNT REGISTERED BONDS TENDERED HEREWITH Number of Pieces 3% PER CENT COUPON NOTES, SERIES A-1930-32, DESIRED IN EXCHANGE Number of Pieces Face Amount Denomination Denomination 50 50 100 100 500 500 1,000 1,000 5,000 5,000 10,000 10,000 50,000 X X 100,000 Total Total DISPOSE OF NOTES AS INDICATED BELOW • • By check By credit to our Eeserve Account Leave This Space Blank X 100,000 DISPOSE OF INTEREST PROCEEDS AS INDICATED BELOW Face Amount • • • • Hold for Safekeeping (For Members only) Deliver Over Counter Special Instructions: , Deliver to Loan Department , Ship Definitive Securities , Special Instructions: \ Before signing fill in all required spaces. 0 SUBSCEIBEB: Mark ( X ) in proper space to indicate if this i s : Subscriber Post Office Address Original subscription '..7 T77T State Confirmation of a telegram. Confirmation of a letter Official signature required SPACES BELOW AEE FOE THE USE OF THE FEDEEAL EESEEVE BANK Examined Carded Received Classified Checked Ledger Acknowledged Recorded Delivery Eeceipt Eeceived from FEDERAL BESEBVE BANK OF N E W YOEK $ Delivery Prepared Delivery Checked par value. 3%% Treasury Notes Delivered Dated March 15, 1927 Doe March 15, 1932 Subscriber Date By