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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