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A T Circular No. 5221 SUMMARY OF ADVANCE REFUNDING OFFER Enclosed are copies of a comprehensive summary of the Treasury’s current advance refunding offer, for use by your bank as a ready reference in handling inquiries from your customers concerning the refunding. F ederal B eserve B ank or N ew Y ork Fiscal Agent of the United States September 6, 1962 ADVANCE REFUNDING U.S.TREASURY DEPARTMENT During period September 10 to September 12, 1962* OFFERS TO ISSUE: Securities Issue Moturlty 3 -3 /4 % Treasury Notes, Series A-1967 Sept. 15, 1962 4% Treasury Bonds o f 1972 Sept. 15, 1962 (or thereabouts) Aug. 15, 1967 $6 Billion Aug. 15, 1972 3 Billion IN EXCHANGE FOR OUTSTANDING: With dates of Amount (Billions) $6.9 2.8 3.6 6.7 5.0 1.7 Treasury Securities 3-1/2% 2-5/8% 3-1/4% 3-1/4% 3-1/4% 4% Issue C ertificates o f Series A-1963 Notes o f Series A-1963 Notes o f Series E-1963 C ertificates o f Series B-1963 Notes o f Series D-1963 Notes of Series B-1963 Feb. Apr. Nov. May May Apr. 15. 1962 15, 1958 15, 1961 15,1962 15, 1961 1. 1959 Maturity Feb. Feb. Feb. May May May 15,1963 15,1963 15,1963 15,1963 15,1963 15, 1963 Exchanges to be made on the basis o f par for par in multiples of $1,000 for the new notes and in multiples o f $500 for the new bonds with cash payments to subscribers per $100 face amount as fo llo w s: SECURITIES TO BE EXCHANGED AMOUNTS TO BE PAID SUBSCRIBERS ON ACCOUNT OF ACCRUED INTEREST TO total SEPT. 1B, 1982 amount ON SECURITIES TO BE EXCHANGED ON ACCOUNT OF PURCHASE PRICE OF SECURITI ES TO BE ISSUED FO R TH E 3 -3 /4 % N OTES O F SERIES A -1967 3-1/2% 2-5/8% 3-1/4% 3-1/4% 3-1/4% 4% C ertificates o f Series A-1963 Notes o f Series A-1963 Notes o f Series E-1963 C ertificates of Series B-1963 Notes o f Series D-1963 Notes o f Series B-1963 $ .50 .10 .40 .40 .40 1.00 $ .2 94 83 7 .221128 .273777 1.086277 1.086277 1.336957 $ .7 94 83 7 .321128 .6 73 77 7 1.486277 1.486277 2 .3 3 6 9 5 7 S .70 .30 .60 .60 .60 1.20 $ .294837 .221128 .273777 1.086277 1.086277 1.336957 $ .994837 .521128 .873777 1.686277 1.686277 2.53 69 5 7 FOR TH E 4% BONDS O F 1972 3-1/2% 2-5/8% 3-1/4% 3-1/4% 3-1/4% 4% C ertificates o f Series A-1963 Notes o f Series A-1963 Notes o f Series E-1963 C ertificates o f Series B-1963 Notes o f Series D-1963 Notes o f Series B-1963 Subscriptions will be subject to allotment if total subscriptions exceed amount o f respective offerings. Interest adjustments will be made as o f September 15, 1962. The new securities will be subject to payment and delivery on Septem ber 20, 1962. FULL INFORMATION CONCERNING TERMS OF THE EXCHANGE OFFERINGS AND TERMS OF NEW SECURITIES MAY BE OBTAINED FROM MOST COM MERCIAL BANKS, FEDERAL RESERVE BANKS AND BRANCHES, OR THE TREASURER OF THE UNITED STATES, WASHINGTON 25, D. C. S u b scrip tion s p la c e d in the mail b y midnight W ed n esd a y, S ep tem b er 12, 1962, a d d ressed to the T rea su rer o f the U nited S ta tes , W ashington 2 5 , D. C ., or an y F e d era l R e s e r v e Bank or B ranch, w ill be c o n s id e r e d f i n e l y sen t. The u se o f r e g is te r e d mail in sen d in g s e c u r i ti e s is recom m en d ed fo r the p r o te c tio n o f s e c u r ity h old ers.
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