Full text of Federal Reserve Bank of New York Circulars : Advance Refunding U.S. Treasury Department

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ADVANCE REFUNDING
U.S.TREASURY DEPARTMENT
During the period of J u ly 13 thru 16, 1964*
O FFER S TO ISSUE

,

.

With dates of

Securities

Issue

Maturity

4%
Treosury Bonds
4-1/8% Treasury Bonds
4-1/4% Treasury Bonds

Oct. 1, 1957
July 22, 1964
Aug. 15, 1962

Oct. 1, 1969
Nov. 15, 1973
Aug. 15, 1987-92

IN EXCHANGE FOR
Outstanding Treasury securities as set forth in the following table.
EXCHANGES TO BE MADE ON THE BASIS OF
Par for par in multiples of $500 for the new bonds with amounts payable to or
payable by (indicated by parentheses) subscribers per $100 face amount as
follows :




A M O U N T S T O B E P A I D T O OR BY S U B S C R I B E R

S E C U R ITIE S TO BE E X C H A N G E D
AND M A TU R ITY D A TES

ON ACCOUNT
OF PURCHASE
P R IC E O F
S E C U R IT IE S
TO BE
ISSU ED

ON ACCOUNT OF ACCRUED
IN T E R E S T TO J UL Y 22. 1964
PAYABLE
TO SUBSCRIBER BY
ON S E C U RI TI ES ON
TO BE
EXCHANGED

PAY ABLE
SUBSCRIBER
S E C U R IT IE S
TO BE
ISSUED

N ET AMOUNT
TO BE PAID
TO SUBSCRIBER
OR
BY SUBSCRIBER

FOR 4% BONDS OF OCT. 1, 1969
3-3/4%
5%
3-3/4%
4-7/8%
3-7/8%
3-5/8%
3-3/4%
4%
3-5/8%

Notes,
Notes,
Notes,
Notes,
Notes,
Notes,
Bonds
Notes,
Notes,

E-1964 8/15/64-!/
B-1964 8/15/64.!/
F-1964 11/15/64 J/
C-1964 11/15/64-!/
C-1965 5/15/651/
B-1966 2/15/661/
5/15/661/
1966
A-1966 8/15/661/
B-1967 2/15/671/

$0.30
0.45
0.45
0.80
0.50
0.10
0.25
0.65
(0.30)

$1.627747
2.170330
0.692935
0.900815
0.716033
1.573489
0.692935
1.736264
1.573489

$1.224044
1.224044
1.224044
1.224044
1.224044
1.224044
1.224044
1.224044
1.224044

$0.703703
1.396286
(0.081109)
0.476771
(0.008011)
0.449445
(0.281109)
1.162220
0.049445

3-3/4% Notes, E-1964 8/15/64 y
5%
Notes, B-1964 8/15/64 U
3-3/4% Notes, F-1964 11/15/64-!/
4-7/8% Notes, C-1964 11/15/64-!/
3-7/8% Notes, C-1965 5/15/651/
3-5/8% Notes, B-1966 2/15/661/
3-3/4% Bonds 1966
5/15/6 61/
4%
Notes, A-1966 8/15/661/
3-5/8% Notes, B-1967 2/15/671/
FOR 4-1/4% BONDS OF 1987-92

$0.75
0.90
0.90
1.25
0.95
0.55
0.70
1.10
0.15

$1.627747
2.170330
0.692935
0.900815
0.716033
1.573489
0.692935
1 736264
1.573489

—
—
—
—
—
—
—
—
—

$2.377747
3.070330
1.592935
2.150815
1.666033
2.123489
1.392935
2.836264
1.723489

3-3/4%
5%
3-3/4%
4-7/8%
3-7/8%
3-5/8%
3-3/4%
4%
3-5/8%

($0.10)
0.05
0.05
0.40
0.10
(0.30)
(0.15)
0.25
(0.70)

$1.627747
2.170330
0.692935
0.900815
0.716033
1.573489
0.692935
1.736264
1.573489

FOR 4-1/8% BONDS OF 1973

Notes,
Notes,
Notes,
Notes,
Notes,
Notes,
Bonds
Notes,
Notes,

E-1964 8/15/64.!/
B-1964 8/15/64.!/
F-1964 11/15/64-!/
C-1964 11/15/64-!/
C-1965 5/15/651/
B-1966 2/15/661/
1966
5/15/661/
A-1966 8/15/661/
B-1967 2/15/671/

$1.844780 ($0.317033)
0.375550
1.844780
(1.101845)
1.844780
(0.543965)
1.844780
(1.028747)
1.844780
(0.571291)
1.844780
(1.301845)
1.844780
0.141484
1.844780
(0.971291)
1.844780

FEDERAL INCOME TAX STATUS OF EXCHANGES
J /F u l l y t a x a b l e u n d e r I n t e r n a l R e v e n u e C o d e .
J t/ N o n ta x a b le u n d e r I n te r n a l R e v e n u e C o d e (S e c . 1 0 3 7 ( a ) ) e x c e p t fo r g a in r e a l i s e d on e x c h a n g e e
to e x t e n t m o n e y (o t h e r t h a n I n t e r e s t ) l a r e c e i v e d ( S e c . 1 0 3 1 ( b ) ) .

A L L SUBSCRIPTIONS WILL BE ALLOTTED IN F U L L THE NEW BONDS WILL BE SUBJECT TO
PAYMENT AND DELIVERY ON JULY 24, 1964.
FULL INFORMATION CONCERNING TERMS OF THE EXCHANGE OFFERINGS AND TERMS
OF NEW SECURITIES MAY BE OBTAINED FROM MOST COMMERCIAL BANKS, FEDERAL
RESERVE BANKS AND BRANCHES, OR THE TREASURER OF THE UNITED STATES,
WASHINGTON, D. C. 20220.________________________________________
* S u b s c r i p t i o n s p l a c e d In t h e m a l l b y m id n i g h t T h u r a d a y , J u l y 1 6 . 1 9 6 4 , . a d d r e s s e d to a n y F e d ­
e r a l R e s e r v e B a n k o r B r a n c h , o r to t h e T r e a s u r e r o l t h e U n i t e d S t a t e s , W a s h in g to n , D . C .
2 0 3 2 0 , w i l l b e a c c e p t e d . T h e u s e o l r e g i s t e r e d m a l l In s e n d i n g s e c u r i t i e s I s r e c o m m e n d e d
lo r t h e p r o t e c t i o n o l s e c u r i t y h o l d e r s .