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CASH OFFERING 5% Percent Treasury Notes of Series B-1974 To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The subscription books will be open Monday, August 5, for one day only, for a Treasury offering to the public in the amount of $5.1 billion, or thereabouts, of 5% percent Treasury Notes of Series B-1974, dated and bearing interest from August 15, 1968, due August 15, 1974, at 99.62. In addition to the amount offered to the public, an additional amount will be allotted to Government Investment Accounts and Federal Reserve Banks. Payment must be made by August 15, in cash, or in 41 /4 percent Treasury Notes of Series C-1968, or 3% percent Treasury Bonds of 1968, both maturing August 15, 1968. The terms of the offering are set forth in Treasury Department Circular No. 6-68, Public Debt Series, a copy of which is printed on the following pages. Subscriptions from all sub- scribers, except banking institutions for their own account and others as specified in Section III of the Treasury circular, must be accompanied by payment of 10 percent (in cash or in maturing securities) of the amount of securities applied for. If subscribers required to make deposits desire to deposit the maturing securities but do not have the denominations to meet exactly the minimum deposit requirement, they are urged to leave any excess on deposit to avoid denominational exchanges and unnecessary movement of securities. All subscribers are required to agree not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of, the notes subscribed for at a specific rate or price until after midnight, August 5, 1968. A commercial bank submitting a subscription direct to the Federal Reserve Bank of its District may, if it is a qualified depositary, pay by credit in its Treasury Tax and Loan Account for not more than 50 percent of the amount of notes allotted on such subscription; however, a commercial bank submitting a subscription through a correspondent bank may not pay by credit in its Tax and Loan Account for notes allotted on the subscription of the correspondent bank. Subscriptions from commercial banks, for their own account, will be restricted in each case to an amount not exceeding 50 percent of the combined capital (not including capital notes or debentures), surplus, and undivided profits of the subscribing bank. Only commercial banks may submit subscriptions for account of customers, provided the names of the customers are set forth in such subscriptions. On subscriptions for account of customers of correspondent banks, the names of such customers, and if not individuals, their locations, must be furnished. Others than commercial banks may submit subscriptions only for their own account. Commercial banks are urged to retain the required deposits (cash or maturing securities) of their customers until after allotment of the new securities; if the maturing securities are retained, the risk and expense involved in forwarding them to this Bank will thus be avoided. Commercial banks are urged to enter subscriptions for their own account, and for account of their customers, with the Federal Reserve Bank or Branch in the District in which they are located. FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States J" Circular No. 6 1 9 6 " 1 u August 2, 1968 J Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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CASH OFFERING

5% Percent Treasury Notes of Series B-1974

To All Banking Institutions, and Others Concerned, in the Second Federal Reserve District:

The subscription books will be open Monday, August 5, for one day only, for a Treasury offering to the public in the amount of $5.1 billion, or thereabouts, of 5% percent Treasury Notes of Series B-1974, dated and bearing interest from August 15, 1968, due August 15, 1974, at 99.62. In addition to the amount offered to the public, an additional amount will be allotted to Government Investment Accounts and Federal Reserve Banks.

Payment must be made by August 15, in cash, or in 41/4 percent Treasury Notes of Series C-1968, or 3% percent Treasury Bonds of 1968, both maturing August 15, 1968.

The terms of the offering are set forth in Treasury Department Circular No. 6-68, Public Debt Series, a copy of which is printed on the following pages. Subscriptions from all sub­scribers, except banking institutions for their own account and others as specified in Section III of the Treasury circular, must be accompanied by payment of 10 percent (in cash or in maturing securities) of the amount of securities applied for. If subscribers required to make deposits desire to deposit the maturing securities but do not have the denominations to meet exactly the minimum deposit requirement, they are urged to leave any excess on deposit to avoid denominational exchanges and unnecessary movement of securities.

All subscribers are required to agree not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of, the notes subscribed for at a specific rate or price until after midnight, August 5, 1968.

A commercial bank submitting a subscription direct to the Federal Reserve Bank of its District may, if it is a qualified depositary, pay by credit in its Treasury Tax and Loan Account for not more than 50 percent of the amount of notes allotted on such subscription; however, a commercial bank submitting a subscription through a correspondent bank may not pay by credit in its Tax and Loan Account for notes allotted on the subscription of the correspondent bank.

Subscriptions from commercial banks, for their own account, will be restricted in each case to an amount not exceeding 50 percent of the combined capital (not including capital notes or debentures), surplus, and undivided profits of the subscribing bank.

Only commercial banks may submit subscriptions for account of customers, provided the names of the customers are set forth in such subscriptions. On subscriptions for account of customers of correspondent banks, the names of such customers, and if not individuals, their locations, must be furnished. Others than commercial banks may submit subscriptions only for their own account. Commercial banks are urged to retain the required deposits (cash or maturing securities) of their customers until after allotment of the new securities; if the maturing securities are retained, the risk and expense involved in forwarding them to this Bank will thus be avoided. Commercial banks are urged to enter subscriptions for their own account, and for account of their customers, with the Federal Reserve Bank or Branch in the District in which they are located.

F E D E R A L R E S E R V E B A N KO F N E W Y O R K

Fiscal Agent of the United States

J" Circular No. 6 1 9 6 " 1u August 2, 1968 J

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Allotments-----Subscriptions will be subject to allotment. Subscriptions in amounts up toand including $250,000 will be allotted in full, and subscriptions over $250,000 will be allotted on a percentage basis but not less than $250,000. A subscription by or for account of any State, political subdivision or instrumentality thereof, public pension and retirement and other public fund, international organization in which the United States holds membership, foreign central bank, or foreign State will be allotted in full if accompanied by a certification that at 4 p.m., Eastern Daylight Saving time, July 31, 1968, it owned or had contracted to purchase for value the maturing securities in an amount equal to or greater than the amount of its subscription, and that such securities will be submitted in payment for its subscription. Any such subscriber may enter an additional subscription, which will be subject to a percentage allotment. Copies of a certification form are enclosed for all commercial banks and public institutions of the types listed above.

Subscriptions will be received by this Bank as fiscal agent of the United States. Sub­scriptions should be submitted immediately on the enclosed Form N -l; if maturing securities accompany a subscription, the enclosed Form N-2 should be submitted with Form N -l. 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 one day only, Monday, August 5. Any subscription addressed to a Federal Reserve Bank or Branch or to the Treasury Department and placed in the mail before midnight, Monday, will be considered timely.

A l f r e d H a y e s ,President.

UNITED STATES OF AMERICA55/s PERCENT TREASURY NOTES OF SERIES B-1974

Dated and bearing interest from August 15, 1968

DEPARTMENT CIRCULAR Public Debt Series — No. 6-68

I. OFFERING OF NOTES

1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, offers $5,100,000,000, or thereabouts, of notes of the United States, designated 5% percent Treasury Notes of Series B-1974, at 99.62 percent of their face value and accrued interest. In addition to the amount offered for public subscription, the Secretary of the Treasury reserves the right to allot an additional amount of these notes to Government Investment Ac­counts and Federal Reserve Banks. The following securities, maturing August 15, 1968, will be accepted at par in payment or exchange, in whole or in part, to the extent subscriptions are allotted by the Trea­sury :

4^4 percent Treasury Notes of Series C-1968; or 3% percent Treasury Bonds of 1968.

Due August 15, 1974

TREASURY DEPARTMENT,O f f i c e o f t h e S e c r e t a r y ,

Washington, August 1, 1968.

The books will be open only on August 5,1968, for the receipt of subscriptions.

II. DESCRIPTION OF NOTES

1. The notes will be dated August 15, 1968, and will bear interest from that date at the rate of 5% percent per annum, payable semiannually on Febru­ary 15 and August 15 in each year until the principal amount becomes payable. They will mature August 15, 1974, and will not be subject to call for redemption prior to maturity.2. The income derived from the notes is subject to

all taxes imposed under the Internal Revenue Code of 1954. The notes are subject to estate, inheritance, gift or other excise taxes, whether Federal or State,

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but are exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of the possessions of the United States, or by any local taxing authority.3. The notes will be acceptable to secure deposits

of public moneys. They will not be acceptable in payment of taxes.4. Bearer notes with interest coupons attached,

and notes registered as to principal and interest, will be issued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000 and $500,000,000. Provision will be made for the interchange of notes of different denominations and of coupon and registered notes, and for the transfer of registered notes, under rules and regulations prescribed by the Secretary of the Treasury.5. The notes will be subject to the general regula­

tions of the Treasury Department, now or hereafter prescribed, governing United States notes.

III. SUBSCRIPTION AND ALLOTMENT

1. Subscriptions accepting the offer made by this circular will be received at the Federal Reserve Banks and Branches and at the Office of the Treasurer of the United States, Washington, D. C. 20220. Only the Federal Reserve Banks and the Treasury Department are authorized to act as official agencies. Commercial banks, which for this purpose are defined as banks accepting demand deposits, may submit subscriptions for account of customers provided the names of the customers are set forth in such subscriptions. Others than commercial banks will not be permitted to enter subscriptions except for their own account. Subscrip­tions from commercial banks for their own account will be restricted in each case to an amount not ex­ceeding 50 percent of the combined capital (not including capital notes or debentures), surplus and undivided profits of the subscribing bank. Subscrip­tions will be received without deposit from banking institutions for their own account, Federally-insured savings and loan associations, States, political sub­divisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds mem­bership, foreign central banks and foreign States, and dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon. Sub­scriptions from all others must be accompanied by payment (in cash or in securities of the issues enumerated in Paragraph 1 of Section I hereof, which will be accepted at par) of 10 percent of the amount of notes applied for, not subject to withdrawal until after allotment. Registered securities submitted as deposits should be assigned as provided in Section V hereof. Following allotment, any portion of the 10 percent payment in excess of 10 percent of the amount of notes allotted may be released upon the request of the subscribers.

2. All subscribers are required to agree not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any notes of this issue at a specific rate or price, until after midnight August 5, 1968.3. Commercial banks in submitting subscriptions

will be required to certify that they have no beneficial interest in any of the subscriptions they enter for the account of their customers, and that their customers have no beneficial interest in the banks’ subscriptions for their own account.4. Under the Second Liberty Bond Act, as amended,

the Secretary of the Treasury has the authority to reject or reduce any subscription, to allot less than the amount of notes applied for, and to make different percentage allotments to various classes of subscribers 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 of that authority, sub­scriptions will be allotted:

(1) In full if the subscription is for $250,000 orless;

(2) In full for any State, political subdivision or instrumentality thereof, public pension and retirement and other public fund, international organization in which the United States holds membership, and foreign central bank and foreign State and such subscriber certifies in writing that at 4 p.m., Eastern Daylight Sav­ing time, July 31, 1968, it owned or had con­tracted to purchase for value securities of the issues enumerated in Paragraph 1 of Section I hereof, in an aggregate amount equal to or greater than the amount of such subscription (any such subscriber may enter an additional subscription subject to a percentage allot­ment) ; and

(3) On a percentage basis as publicly announced, but not less than $250,000.

Allotment notices will be sent out promptly upon allotment.

IV. PAYMENT

1. Payment at 99.62 percent of their face value and accrued interest, if any, for notes allotted here­under must be made or completed on or before August 15, 1968, or on later allotment. Payment will not be deemed to have been completed where registered notes are requested if the appropriate identifying number as required on tax returns and other documents submitted to the Internal Revenue Service (an individual’s social security number or an employer identification number) is not furnished. In every case where full payment is not completed, the payment with application up to 10 percent of the amount of notes allotted shall, upon declaration made b}r the Secretary of the Treasury in his discretion,

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Allotments-----Subscriptions will be subject to allotment. Subscriptions in amounts up toand including $250,000 will be allotted in full, and subscriptions over $250,000 will be allotted on a percentage basis but not less than $250,000. A subscription by or for account of any State, political subdivision or instrumentality thereof, public pension and retirement and other public fund, international organization in which the United States holds membership, foreign central bank, or foreign State will be allotted in full if accompanied by a certification that at 4 p.m., Eastern Daylight Saving time, July 31, 1968, it owned or had contracted to purchase for value the maturing securities in an amount equal to or greater than the amount of its subscription, and that such securities will be submitted in payment for its subscription. Any such subscriber may enter an additional subscription, which will be subject to a percentage allotment. Copies of a certification form are enclosed for all commercial banks and public institutions of the types listed above.

Subscriptions will be received by this Bank as fiscal agent of the United States. Sub­scriptions should be submitted immediately on the enclosed Form N -l; if maturing securities accompany a subscription, the enclosed Form N-2 should be submitted with Form N-l. 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 one day only, Monday, August 5. Any subscription addressed to a Federal Reserve Bank or Branch or to the Treasury Department and placed in the mail before midnight, Monday, will be considered timely.

A l f r e d H a y e s ,President.

UNITED STATES OF AMERICA5% PERCENT TREASURY NOTES OF SERIES B-1974

Dated and bearing interest from August 15, 1968 Due August 15, 1974

DEPARTMENT CIRCULAR Public Debt Series — No. 6-68

I. OFFERING OF NOTES

1. The Secretary of the Treasury, pursuant to the authority of the Second Liberty Bond Act, as amended, offers $5,100,000,000, or thereabouts, of notes of the United States, designated 5% percent Treasury Notes of Series B-1974, at 99.62 percent of their face value and accrued interest. In addition to the amount offered for public subscription, the Secretary of the Treasury reserves the right to allot an additional amount of these notes to Government Investment Ac­counts and Federal Reserve Banks. The following securities, maturing August 15, 1968, will be accepted at par in payment or exchange, in whole or in part, to the extent subscriptions are allotted by the Trea­sury :

4Vi percent Treasury Notes of Series C-1968; or 3% percent Treasury Bonds of 1968.

TREASURY DEPARTMENT,O f f i c e o f t h e S e c r e t a r y ,

Washington, August 1, 1968.

The books will be open only on August 5, 1968, for the receipt of subscriptions.

II. DESCRIPTION OF NOTES

1. The notes will be dated August 15, 1968, and will bear interest from that date at the rate of 5% percent per annum, payable semiannually on Febru­ary 15 and August 15 in each year until the principal amount becomes payable. They will mature August 15, 1974, and will not be subject to call for redemption prior to maturity.2. The income derived from the notes is subject to

all taxes imposed under the Internal Revenue Code of 1954. The notes are subject to estate, inheritance, gift or other excise taxes, whether Federal or State,

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but are exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of the possessions of the United States, or by any local taxing authority.

3. The notes will be acceptable to secure deposits of public moneys. They will not be acceptable in payment of taxes.

4. Bearer notes with interest coupons attached, and notes registered as to principal and interest, will be issued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000 and $500,000,000. Provision will be made for the interchange of notes of different denominations and of coupon and registered notes, and for the transfer of registered notes, under rules and regulations prescribed by the Secretary of the Treasury.

5. The notes will be subject to the general regula­tions of the Treasury Department, now or hereafter prescribed, governing United States notes.

III. SUBSCRIPTION AND ALLOTMENT

1. Subscriptions accepting the offer made by this circular will be received at the Federal Reserve Banks and Branches and at the Office of the Treasurer of the United States, Washington, D. C. 20220. Only the Federal Reserve Banks and the Treasury Department are authorized to act as official agencies. Commercial banks, which for this purpose are defined as banks accepting demand deposits, may submit subscriptions for account of customers provided the names of the customers are set forth in such subscriptions. Others than commercial banks will not be permitted to enter subscriptions except for their own account. Subscrip­tions from commercial banks for their own account will be restricted in each case to an amount not ex­ceeding 50 percent of the combined capital (not including capital notes or debentures), surplus and undivided profits of the subscribing bank. Subscrip­tions will be received without deposit from banking institutions for their own account, Federally-insured savings and loan associations, States, political sub­divisions or instrumentalities thereof, public pension and retirement and other public funds, international organizations in which the United States holds mem­bership, foreign central banks and foreign States, and dealers who make primary markets in Government securities and report daily to the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon. Sub­scriptions from all others must be accompanied by payment (in cash or in securities of the issues enumerated in Paragraph 1 of Section I hereof, which will be accepted at par) of 10 percent of the amount of notes applied for, not subject to withdrawal until after allotment. Registered securities submitted as deposits should be assigned as provided in Section V hereof. Following allotment, any portion of the 10 percent payment in excess of 10 percent of the amount of notes allotted may be released upon the request of the subscribers.

2. All subscribers are required to agree not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any notes of this issue at a specific rate or price, until after midnight August 5, 1968.

3. Commercial banks in submitting subscriptions will be required to certify that they have no beneficial interest in any of the subscriptions they enter for the account of their customers, and that their customers have no beneficial interest in the banks’ subscriptions for their own account.

4. Under the Second Liberty Bond Act, as amended, the Secretary of the Treasury has the authority to reject or reduce any subscription, to allot less than the amount of notes applied for, and to make different percentage allotments to various classes of subscribers 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 of that authority, sub­scriptions will be allotted:

(1) In full if the subscription is for $250,000 orless;

(2) In full for any State, political subdivision or instrumentality thereof, public pension and retirement and other public fund, international organization in which the United States holds membership, and foreign central bank and foreign State and such subscriber certifies in writing that at 4 p.m., Eastern Daylight Sav­ing time, July 31, 1968, it owned or had con­tracted to purchase for value securities of the issues enumerated in Paragraph 1 of Section I hereof, in an aggregate amount equal to or greater than the amount of such subscription (any such subscriber may enter an additional subscription subject to a percentage allot­ment) ; and

(3) On a percentage basis as publicly announced, but not less than $250,000.

Allotment notices will be sent out promptly upon allotment.

IV. PAYMENT

1. Payment at 99.62 percent of their face value and accrued interest, if any, for notes allotted here­under must be made or completed on or before August 15, 1968, or on later allotment. Payment will not be deemed to have been completed where registered notes are requested if the appropriate identifying number as required on tax returns and other documents submitted to the Internal Revenue Service (an individual’s social security number or an employer identification number) is not furnished. In every case where full payment is not completed, the payment with application up to 10 percent of the amount of notes allotted shall, upon declaration made by the Secretary of the Treasury in his discretion,

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be forfeited to the United States. Payment may be made for any notes allotted hereunder in cash or by exchange of securities of the issues enumerated in Paragraph 1 of Section I hereof, which will be accepted at par. A cash adjustment will be made for the difference ($3.80 per $1,000) between the par value of maturing securities accepted in exchange and the issue price of the new notes. The payment will be made by check or by credit in any account main­tained by a banking institution with the Federal Reserve Bank of its District, following acceptance of the maturing securities. In the case of registered securities, the payment will be made in accordance with the assignments on the securities surrendered. Any qualified depositary will be permitted to make payment by credit in its Treasury Tax and Loan Account for not more than 50 percent of the amount of notes allotted to it for itself and its customers up to any amount for which it shall be qualified in excess of existing deposits, when so notified by the Federal Reserve Bank of its District. When payment is made with securities in bearer form, coupons dated August 15, 1968, should be detached and cashed when due. When payment is made with registered securities, the final interest due on August 15, 1968, will be paid by issue of interest checks in regular course to holders of record on July 15, 1968, the date the transfer books closed.

V. ASSIGNMENT OF REGISTERED SECURITIES

1. Treasury securities in registered form tendered as deposits and in payment for notes allotted here­under should be assigned by the registered payees or assignees thereof, in accordance with the general regulations of the Treasury Department, in one of

the forms hereafter set forth. Securities tendered in payment should be surrendered to a Federal Reserve Bank or Branch or to the Office of the Treasurer of the United States, Washington, D. C. 20220. The maturing securities must be delivered at the expense and risk of the holder. I f the new notes are desired registered in the same name as the securities sur­rendered, the assignment should be to “ The Secretary of the Treasury for 5% percent Treasury Notes of Series B-1974” ; if the new notes are desired registered in another name, the assignment should be to “ The Secretary of the Treasury for 5% percent TreasuryNotes of Series B-1974 in the name o f ......................if new notes in coupon form are desired, the assign­ment should be to “ The Secretary of the Treasury for 5% percent Treasury Notes of Series B-1974 in coupon form to be delivered t o .................................. ” .

VI. GENERAL PROVISIONS

1. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to receive subscriptions, to make such allotments as may be prescribed by the Secretary of the Treasury, to issue such notices as may be necessary, to receive payment for and make delivery of notes on full-paid subscrip­tions allotted, and they may issue interim receipts pending delivery of the definitive notes.

2. The Secretary of the Treasury may at any time, or from time to time, prescribe supplemental or amendatory rules and regulations governing the offer­ing, which will be communicated promptly to the Federal Reserve Banks.

JOSEPH W. BARR,Acting Secretary of the Treasury.

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Subscriber’s Keference No. FORM N-2 (Submit in triplicate) Subscription No.

Securities Accompanying SubscriptionFor United States of America 5% Percent Treasury Notes of Series B-1974

Dated August 15, 1968, Due August 15, 1974

F e d e r a l R e s e r v e B a n k o f N e w Y o r k , Dated a t ......................................................Fiscal Agent of the United States,

New York, N. Y. 10045 ................................................................1968

G e n t l e m e n :

Referring to subscription entered in the amount of $............................................... for United States ofAmerica 5% percent Treasury Notes of Scries B-1974, the undersigned delivers the following securities herewith, with coupons detached:

Face amount

3% % Treasury Bonds of 1968 ............................................................................... $..............................

41/4 % Treasury Notes of Series C-1968 ......................................................................................................

(D o not fill in boxes below ) T ota l.......................... $ ......................Government B ond D ivision

Cancelled

CONTROL COPY

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For United States of America 5% Percent Treasury Notes of Series B-1974 Dated August 15, 1968, Due August 15, 1974

Subscriber’s Reference No. Subscription No.

Securities Accompanying Subscription

F e d e r a l R e s e r v e B a n k o f N e w Y o r k , Dated a t ......................................................Fiscal Agent of the United States,

New York, N. Y. 10045 ................................................................1968

G e n t l e m e n :

Referring to subscription entered in the amount of $............................................... for United States ofAmerica 5% percent Treasury Notes of Series B-1974, the undersigned delivers the following securities herewith, with coupons detached:

Face amount

3% % Treasury Bonds of 1968 ...............................................................................

4 1 4 % Treasury Notes of Series C-1968 .......................................................................

Total......................... $

Submitted by

A dd ress..........

SE C U R IT Y RECORDS “ IN T IC K E T ”

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Subscriber’s Reference No.

To Subscriber:NONNEGOTIABLE RECEIPT Subscription No.

F e d e ra l Reserve B an k o f N ew Y o rk , Fiscal Agent of the United States, hereby acknowledges receipt of securities deposited in the amount indicated below with subscription numbered as above in exchange for

5 % PERCENT TREASURY NOTES O F SERIES B -1974

„ w : i i h p r i pi i v p r0 fl n n X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X XSecurities allotted on this subscription ^ ill be dein ere o X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X1r> 1968 in accordance with your instructions. X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X

AU^USI 1 0 , , x xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Ttller xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxGovernment Bond Division—Issues & Redemption Section

To F ederal R eserve B ank o f N ew Y ork , Fiscal Agent of the United States

(Date)

You are hereby authorized to deliver to

(Name of representative)

whose signature appears below,

$............................................ par amount

of securities issued pursuant to this subscription.

Name ..................................................................................(Please print)

(Official signature required)

(Signature of authorized representative)

Face amount

3 % % Bonds, 1968 .................. $

4 % % Notes, C -1968 ................ .

Total ....................... $

Submitted by

A ddress............

To Subscriber: I f securities are to be delivered over the counter at this Bank to your representative, the authority in the box to the left should be executed on the date of delivery.

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(Submit with subscription)

Certification by States, Political Subdivisions or Instrumentalities Thereof, Public Pension and Retirement and Other Public Funds, International Organi­zations in Which the United States Holds Membership, Foreign Central Banks, or Foreign States, Pursuant to Section III, Paragraph 4 (2 ), Treasury

Department Circular No. 6-68, Public Debt Series

(This certificate may be executed by a subscriber in one of the classes listed above or by a commercial bank entering a subscription for account of such a subscriber.)

1968

To the Federal Reserve Bank of New York:

The undersigned hereby certifies:

(1) That it is one of the types of subscribers designated above and has entered for preferred full allotment under the provisions of Section III, paragraph 4(2), of Treasury Department Cir­cular No. 6-68, Public Debt Series, subscription(s) in the the amount of $.......................................... ;

(2) That at 4 p.m., Eastern Daylight Saving time, July 31, 1968, it owned or had contracted to purchase for value 41/4% Treasury Notes of Series C-1968, or 3% % Treasury Bonds of 1968, or any combination thereof, in an amount equal to or greater than the amount of said subscription(s); and

(3) That such securities will be submitted in payment for said subscription (s).

(Name of organization)

.............................................y ....................(Official signature) (Title)

(A commercial bank executing this certificate should sign below)

(Name of bank)

By................................................................, ....................(Official signature) (Title)

for above-named organization.

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FORM N-lSubscriber’s Reference No. (Please type or print legibly) Subscription No.

SUBSCRIPTION— SUBJECT TO ALLOTMENTFor United States of America 5% Percent Treasury Notes of Series B-1974

Dated August 15, 1968, Due August 15, 1974

IMPORTANT INSTRUCTIONSPayment. Payment at 99.62 fo r the notes to be allotted hereunder may be made in cash or by exchange o f

4 % % Treasury Notes o f Series C-1968, or 3 % % Treasury Bonds o f 1968, both maturing August 15, 1968. Coupons dated August 15, 1968 should be detached from the maturing securities in bearer form and cashed when due. Payment for the new notes will be permitted by credit in Treasury Tax and Loan Accounts for not more than 5 0 % o f the amount o f notes allotted to any qualified depositary for itself and its customers.

Deposit. Subscriptions from banking institutions for their own account and from certain others as specified in Section III o f Treasury Department Circular No. 6-68, Public Debt Series, will be received without deposit. Sub­scriptions from all others must be accompanied by payment (in cash or in maturing securities) o f not less than 10% o f the amount o f notes applied for, except that commercial banks subscribing for account o f customers are urged to retain their customers’ deposits until a fter allotment. Checks accompanying the subscriptions should be made payable to the Federal Reserve Bank o f New York.

Subscription amounts. Am ount o f notes applied for must be in multiples o f $1,000.

The subscription books will be open only on August 5 for the receipt of subscriptions.

F e d e r a l R e s e r v e B a n k o f N e w Y o r k , Dated a t ......................................................Fiscal Agent of the United States,

New York, N. Y. 10045 ................................................................1968Attention: Government Bond Division

G e n t l e m e n :Pursuant to the provisions of Treasury Department Circular No. 6-68, Public Debt Series, dated

August 1, 1968, the undersigned hereby subscribes at 99.62 for United States of America 5% percent Treasury Notes of Series B-1974 as follows :

For own account ......................................................................................................... $.................................

For our customers, shown on reverse side (for use of commercial banks) . . . . $................................

Total subscription .................................................. $( I f securities are submitted with this subscription, the securities should be accompanied by Form N-2, which

form shall be made a part o f your subscription.)

(I f the subscriber is, or is subscribing for account of, a member of one of the investor classes listed below, a check in the appropriate box should be indicated. A subscription from or for account of such member will receive full allotment only if accompanied by a written certification that at 4 p.m., Eastern Daylight Saving time, July 31, 1968, it owned or had contracted to purchase for value, an equal or greater amount of 41/4% Treasury Notes of Series C-1968, or 3% % Treasury Bonds of 1968, both maturing August 15, 1968, and that such securities will be submitted in payment for its subscription. A form for the certification is enclosed. Subscriptions accompanied by such certifications should not be included on the same form with other subscriptions. I f the investor classes listed below desire to enter an additional subscription, to be subject to allotment, a separate subscription form must be used.

□ States, political subdivisions or instrumentalities thereof□ Public pension and retirement and other public funds□ International organizations in which the United States holds membership□ Foreign central banks and foreign States

( I f a commercial bank is subscribing for its own account or for account of customers, the following certifications are made a part of this subscription.)

W e H e r e b y C e r t i f y that we have received applications from our customers in the amounts set opposite the customers’ names on the list which is made a part of this subscription; that there has been paid to us by each such customer as required by official offering circular, not subject to withdrawal until after allotment, not less than 10 percent of the amount applied for; that we have not made unsecured loans, or loans collateralized in whole or in part by the securities applied for, to supply the amounts of such payments to any of such customers; that we have no beneficial interest in the applications of such customers, and that none of our customers has any beneficial interest in the amount subscribed for our own account.

W e F u r t h e r C e r t i f y that all subscribers for whom subscriptions are hereby entered have agreed not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition of any notes of this issue at a specific rate or price, until after midnight, August 5, 1968.

W e F u r t h e r C e r t i f y that the subscription for our own account does not exceed 50 percent of our combined capital (not including capital notes or debentures), surplus, and undivided profits.

W e F u r t h e r C e r t i f y that applications received by us, if any, from other commercial banks for their* own account and for the account of their customers have been entered with us under the same conditions, agreements, and certifications as set forth in this subscription form.

The undersigned agrees not to purchase or to sell, or to make any agreements with respect to the pur­chase or sale or other disposition of any notes of this issue at a specific rate or price until after midnight, August 5, 1968.TO SUBSCRIBER : (F ill in all required spaces before signing)

Mark (X ) in proper space to indicate if this is : (Name of subscriber— Please print or typewrite)

Original subscription.......... □Confirmation of a telegram . □

Confirmation of a letter . . . . □ Address

B y .................................-.......................................................................... , -----------------------(Official signature) (Title)

(D o not write in space below )

Deposit received by ....................................................................... Allotment $.F ig u re d _____________ Advised

(If acknowledgment of this subscription is desired, complete this stub)

Receipt is acknowledged of your subscription for $............................................ of 5% % Treasury Notesof Series B-1974, dated August 15, 1968, maturing August 15, 1974.

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(For use of commercial bank subscribers only)

Lists o f Accounts Included in this Subscription(I f space is insufficient in schedule below, attach separate listing)

Leaveblank

Name and location (City and State) of ultimate purchaser(Location o f individuals not required) Amount Subscribed Leave blank

(Note— Do not include subscriptions entitled to full allotment on the same form as other subscriptions.)

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1

NOTICE OF ALLOTMENTFor United States of America 5% Percent Treasury Notes of Series B-1974

To Subscriber:

F E D E R A L R E S E R V E B A N K . Subscription NumberO F N E W Y O R K

f i s c a l a g e n t o f t h e u n i t e d s t a t e s

On your subscription, numbered as above, for $ (par amount) of—UNITED STA TES OF AM ERICA 5 % PERCENT TREASURY NOTES OF SERIES B-1974 D ATED AND BEARING INTEREST FROM AU GU ST 15, 1968, DUE AU GU ST 15, 1974

which you filed pursuant to the provisions of Treasury Department Circular No. 6-68, Public Debt Series, dated August 1, 1968, the Secretary of the Treasury has allotted notes to you in the amount of—

$

Important1. To facilitate the prompt completion of this transaction, please fill in, sign, and return the attached Letter of

Instructions in quadruplicate to the Federal Reserve Bank of New York, Fiscal Agent of the United States, New York, N. Y. 10045, to reach this Bank not later than August 14, 1968.

Payment

2. Payment at 99.62 for securities allotted must be made on or before August 15, 1968. Payment may be made by check,cash, charge, maturing securities, or credit as follows:By Check— The check should be made payable to the order o f the FEDERAL RESERVE BANK OF NEW YORK, FISCAL AGENT OF

T H E U N IT E D S T A T E S , and should accom pany the L etter o f Instructions. In every case in which the proceeds o f the check do not become available on the paym ent date, the paym ent with application up to 10 percent o f the am ount o f securities allotted shall, upon declaration made b y the Secretary of the Treasury in his discretion, be fo rfe ite d to the United States.

By Cash— P aym ent m ay be made in cash.

3y Charge— A member bank m ay make paym ent by requesting us to charge its reserve account, or a nonmember clearing bank may make paym ent by requesting us to charge its clearing account.

3y Maturing Securities— Paym ent m ay be made by exchange o f 4*4% Treasury Notes o f Series C -1968, or 3 % % Treasury Bonds o f 1968, both m aturing A ugust 15, 1968. The coupons due A u gu st 15, 1968 should be detached from the securities and cashed in regular course.

B y Credit— (a ) I f subscriber is a depositary o f public moneys qualified under the provisions o f Treasury Departm ent Circular N o. 92 (R ev ised ), it will be perm itted to make paym ent b y credit in the Treasury Tax and Loan Account for not more than 5 0 % o f the securities allotted to it for its own account and for its customers (up to any amount for which it shall be qualified in excess o f existing deposits).(b ) Securities of this issue allotted to a qualified depositary for its own account m ay be pledged with the Federal Reserve Bank of New Y ork as collateral security for deposits in the Treasury T ax and Loan Account.

Delivery3. (a) Delivery of the securities allotted will be made by the Federal Reserve Bank of New York at its Head Office in

^ew York City, and will not be made before August 15, 1968.(b) The securities allotted may be received over the counter by a representative of the subscriber, provided the

•epresentative presents a letter of authority identifying him and signed officially by the subscriber.

Safekeeping

4. Securities allotted to member banks for their own account may be left with this Bank for safekeeping pursuant to he terms of our Operating Circular No. 14.

F e d e r a l Reserve Bank of New Y ork,Fiscal Agent of the United States.

r

checked byDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2(This letter of instructions, accompanied by attached three copies, should be filled in and returned to Federal Reserve Bank of New York)

Subscription Number

LETTER OF INSTRUCTIONSTo F e d e r a l R e s e r v e B a n k o f N e w Y o r k ,

Fiscal Agent of the United States, Federal Reserve P. 0 . Station,

New York, N. Y. 10045From (Name and address of Subscriber)

Attention: Government Bond Division—2nd FloorDated at ............

.1968

On our subscription, numbered as above, for $ (par amount) of__UNITED STA TES OF AM ERICA 5 % PERCENT TREASU RY NOTES OF SERIES B-1974 D ATED AND BEARING INTEREST FROM AU G U ST 15, 1968, DUE AU GU ST 15, 1974

which we filed pursuant to the provisions of Treasury Department Circular No. 6-68, Public Debt Series, dated August 1, 1968, we have received your notice of allotment stating that the Secretary of the Treasury has allotted securities to us in the amount of—

$ ‘ t

(par amount)' 11

(par amount)

and, as requested, we send you the following instructions:Deposit has been made—

By check or cash ..................................................................................................... $By maturing 3% % Treasury Bonds of 1968 ................................................... $By maturing 4*4% Treasury Notes of Series C-1968 ..................................... $

Balance due, if any—

□ By charge to our reserve account, which you are authorized to make □ By check □ By cash□ By credit to Treasury Tax and Loan Account on our books as indicated on the attached Advice of Deposit.

By maturing securities—Delivered to you herewith.......... ................................................ .......$.................................. ...........$To be withdrawn from safekeeping with y o u .......................... .......$.................................. ...........$To be delivered b y .......... .. ............................... ....................... $............................................. $

............. . T o ta l ............................................................................. ................. &___________ _____________ *

3 % % Treas. B onds 4 % .% Treas. N o tes ' !o f 1968 Series C-1968

I f payment for the notes allotted is by maturing securities, pay the discount of $3.80 per $1,000 on the issue price of the new securities, as follows:

□ By check □ By credit to our reserve accountIf the amount of maturing securities delivered is in excess of the amount of new securities allotted, redeem excess

amount indicated below in accordance with Form G.B.311 (Request for Redemption of Bearer Securities).

Excess amount of maturing securities to be redeemed (use Form G.B.311)

BEARER S E C U R IT IE S D E S IR E D (F o r R E G IS T E R E D securities— use only reverse side)

Denomi­nation

$ 1,000

5,000

10,000

100,000

1,000,000T O T A L

Face am ount (Leave tliis space blank)

‘ 5Dispose of securities issued, as follows:□ 1. Deliver over the counter to the undersigned□ 2. Hold in safekeeping (for member bank°only)*' •□ 3. Hold as collateral for Treasury Tax and Loan Account'□ 4. Ship to the undersigned□ 5. Special instructions:

f t • i

a„* ^ ,th‘ * lte™.is ch.ej:ked, the undersigned certifies that the allotted securities will be owned solely by the undersigned.

(IM P O R T A N T: No changes in delivery instructions will be accepted.)

This letter of instructions must be signed Submitted by jfficially in the space provided and re- urned immediately to

Federal Reserve Bank of New York,F iscal A gen t of the United States.

( Please print)

By(Authorized signature(s) required)

......................... Title ..............

A d d ress ...................................... ............................ .. • • • • •

(S p a ces below are for the use o f Federal Reserve Bank o f New Y ork)

Government B ond Division S a fe k e e p in g D iv is io n

Received Checked Cancelled

D E L IV E R Y RECEIPT

leceived from Federal Reserve Bank of New Y ork, Fiscal A gen t o f the United States, the above-described securities allotted in the amount

udicated above.

.............................................................. By.........................................................................>ate. Subscriber.

If payment is to be made by credit to Treasury Tax and Loan Account, an advice of the deposit should be umished this Bank on the form below.

Advice of Deposit in Treasury Tax and Loan Account

'o F e d e r a l R e s e r v e B a n k o f N e w Y o r k ,

Government Bond Division.We will deposit on August 15, 1968, $ (purchase price) to the credit of Federal Reserve

ank of New York, Fiscal Agent of the United States, in Treasury Tax and Loan Account, to be held subject to withdrawal p. demand in payment for $ (par value) 5% percent Treasury Notes of Series B-1974,ated and bearing interest from August 15, 1968, due August 15, 1974, allotted as per Notice of Allotment received from you.

(Name of Depositary)

Address(City and State)

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Schedule for Issue of Registered Securities

Name in which securities shall be registered, taxpayer identifying number (Social Security Account Number or Employer Identification Number),

and post-office address for interest checks and other mail.(Please print or typewrite)

,Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.......

Ideut. No.

Address....

Name.......

Ident. No.

Address....

Amount

(Indicate under appropriate denominations, number of securities desired.)

$1,000 $5,000 $10,000 $100,000 $1,000,000

flattie.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.

Ident. No.

Address....

( I f registered securities are not to be sent to the registered owner, give mailing instructions below.)

Mail registered securities to

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BLOTTER RECORD— GOVERNMENT BOND DIVISIONTo F e d e r a l R e s e r v e B a n k o f N e w Y o r k ,

Fiscal Agent of the United States,Federal Reserve P. 0. Station,

New York, N. Y. 10045 Attention: Government Bond Division— 2nd FloorFrom (Name and address of Subscriber) Dated at ......................................................

............................................................... 1968

3(DUPLICATE FOR USE OF FEDERAL RESERVE BANK OF NEW YORK) Subscription Number

On our subscription, numbered as above, for $ (par amount) of—UNITED STATES OF AM ERICA 5 % PERCENT TREASURY NOTES OF SERIES B-1974 DATED AND BEARING INTEREST FROM AUGUST 15, 1968, DUE AUGUST 15, 1974

which we filed pursuant to the provisions of Treasury Department Circular No. 6-68, Public Debt Series, dated August 1, 1968, we have received your notice of allotment stating that the Secretary of the Treasury has allotted securities to .us in the amount of—

and, as requested, we send you the following instructions:Deposit has been made—

By check or cash ...................... .............................................................................. $By maturing 3% % Treasury Bonds of 1968 ................................................... $By maturing 4^4% Treasury Notes of Series C-1968 .................................... $

Balance due, if any—□ By charge to our reserve account, which you are authorized to make

(par amount) (par amount)

□ By check □ By cash□ By credit to Treasury Tax and Loan Account on our books as indicated on the attached Advice of Deposit.

By maturing securities—Delivered to you herewith............ .................To be withdrawn from safekeeping with youTo be delivered b y ............................................

Total ...........................................................

S % % Treas. Bonds o f 1968

4 Vi % Treas. N otes 'Series C-1968

$-If payment for the notes allotted is by maturing securities, pay the discount of $3.80 per $1,000 on the issue price of

the new securities, as follows:□ By check □ By credit to our reserve account

If the amount of maturing securities delivered is in excess of the amount of new securities allotted, redeem .excess amount indicated below in accordance with Form G.B.311 (Request for Redemption of Bearer Securities).

Excess amount of maturing securities to be redeemed ................................ $................................(use Form G.B.311)

BEARER S E C U R IT IE S D E S IR E D (F o r R E G IS T E R E D securities— use only reverse side)

Dispose of securities issued, as follows: : ? □ 1. Deliver over the counter to the undersigned

}8Denom i­nation Face amount (Leave this space blank)

□ 2. Hold in safekeeping (for member bank only)* ' •'□ 3. Hold as collateral for Treasury Tax and Loan Account*□ 4. Ship to the undersigned□ 5. Special instructions:

I \\ •

$ 1,000

5,000

10,000 • :

100,000 * If this item is checked, the undersigned certifies that the allotted securities will be owned solely by the undersigned.

1,000 ,000

T O T A L

------ (IM P O R T A N T : No changes in delivery instructions will be accepted.)

This letter of instructions must be signed Submitted by

officially in the space provided and re­turned immediately to

Title

Bv

(Please print)

B v ..................

Federal Reserve Bank of New York,Fiscal A gent o f the United States.

(Authorized si|jnature(s) required)

............................ Title ................

Address ..................................................................................................................

(Spaces below are for the use o f Federal Reserve Bank o f New Y ork)

Government B ond D ivision S a f e k e e p in g D iv is io n

Received Checked Cancelled

Deliver against paym ent o f $ ..................................................... Delivered ..........................

D E L IV E R Y R E C E IP T

Received from Federal Reserve Bank of New York, Fiscal A gent o f the United States, the above-described securities allotted in the amount indicated above.

Date Subscriber By

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Schedule for Issue of Registered Securities

( I f registered securities are not to be sent to the registered owner, give mailing instructions below.)

Mail registered securities to ................................................................................................................................

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4(TRIPLICATE FOR USE OF FEDERAL RESERVE BANK OF NEW YORK) Subscription Number

RELOCATION OFFICE— OUTTo F e d e r a l R e s e r v e B a n k o f N e w Y o r k ,

Fiscal Agent of the United States,Federal Reserve P. O. Station,

New York, N. Y. 10045 Attention: Government Bond Division— 2nd FloorFrom ( Name and address of Subscriber) Dated at ......................................................

......................... — ............................... 1968

On our subscription, numbered as above, for $ (par amount) of—UNITED STATES OF AM ERICA 5 % PERCENT TREASURY NOTES OF SERIES B-1974 DATED AND BEARING INTEREST FROM AUGUST 15, 1968, DUE AUGUST 15, 1974

which we filed pursuant to the provisions of Treasury Department Circular No. 6-68, Public Debt Series, dated August11, 1968, we have received your notice of allotment stating that the Secretary of the Treasury has allotted securities to us in the amount of—

and, as requested, we send you the following instructions:Deposit has been made—

By check or cash ........................ - ................................................................................$...............................By maturing 3% % Treasury Bonds of 1968 .........................................................$...............................By maturing 4^4% Treasury Notes of Series C-1968 .................................... ......$...................... .

Balance due, if any—□ By charge to our reserve account, which you are authorized to make □ By check □ By casli

□ By credit to Treasury Tax and Loan Account on our books as indicated on the attached Advice of Deposit.

(par amount) (par amount)

By maturing securities—Delivered to you herewith............ ..............To be withdrawn from safekeeping with youTo be delivered b y ...................... ............

Total _____~ _____ ________ .__.____ _.... ̂

3 % % Treas. Bonds of 1968

4 XA % Treas. N otesSeries C-1968

If payment for the notes allotted is by maturing securities, pay the discount of $3.80 per $1,000 on the issue price, of the new securities, as follows:

□ By check □ By credit to our reserve account uIf the amount of maturing securities delivered is in excess of the amount of new securities allotted, redeem excess

amount indicated below in accordance with Form G.B.311 (Request for Redemption of Bearer Securities).

Excess amount of maturing securities to be redeemed ................................ $.............................. .(use Form G.B.311)

BEARER S E C U R IT IE S D E S IR E D (F o r R E G IS T E R E D securities— use only reverse side)

Denom i­nation

$ 1,000

5,000

10,000

100,000

1,000,000

T O T A L

Face amount (Leave this space blank)

Dispose of securities issued, as follows:□ 1. Deliver over the counter to the undersigned□ 2. Hold in safekeeping (for member bank only)* :□ 3. Hold as collateral for Treasury Tax and Loan Account*□ 4. Ship to the undersigned□ 5. Special instructions:

* If this item i* checked, the undersigned certifies that the allotted securities will be owned solely by the undersigned.

(IM P O R T A N T : No changes in delivery instructions will be accepted.)

This letter of instructions must be signed Submitted by officially in the space provided and re­turned immediately to

Title

Bv(Please prim)

B y

Federal Reserve Bank of New York,Fiscal Agent o f the United States.

( Authorized *i|fnature(s) required)............................ T itle ................

t I

A d d r e s s ........................... .................................................

(Spaces below are for the use o f Federal Reserve Bank o f New Y ork)

Government Bond Division S a fe k e e p in g D iv is io n

Received Checked Cancelled

Deliver against payment o f $..............................................

D E L I V E R Y R E C E IP T

Received from Federal Reserve Bank o f New York, Fiscal A gent o f the United States, the above-described securities allotted in the amount ndicated above.

)ate. Subscriber. Bv.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Schedule for Issue of Registered Securities7 ,. / -o I'LY .A f1 17:

____ __ ______ ___ ________ _____ ____ ______ ____________________________________________________________________________________________________N am e in w hich securities shall be registered, taxpayer identifying num ber (S ocia l Security A ccou n t N um ber or E m ployer Identification N u m ber),

and post-office address for interest checks and other mail.( Please p r in t or typewrite) A m oun t

(In d ica te under appropriate denom inations, num ber o f securities desired.)

S i ,000 $5,000 $10,000 $100,000 $1,000,000

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( I f registered securities are not to be sent to the registered owner, give mailing instructions below.)

Mail registered securities to ......................................................................................................................... .. *

T T ia o a a y h s v ij s k i

............................................. .............................. .............ovods beJR*)Lhif

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(QUADRUPLICATE FOR USE OF FEDERAL RESERVE BANK OF NEW YORK) Subscription Number

DELIVERY TICKET— SAFEKEEPING DIVISIONTo F e d e r a l R e s e r v e B a n k o f N e w Y o r k ,

Fiscal Agent of the United States,Federal Reserve P. 0. Station,

New York, N. Y. 10045 Attention: Government Bond Division—2nd FloorFrom (Name and address of Subscriber) Dated at ......................................................

............................................................... 1968

On our subscription, numbered as above, for $ (par amount) of—UNITED STATES OF AM ERICA 5% PERCENT TREASURY NOTES OF SERIES B-1974 DATED AND BEARING INTEREST FROM AUGUST 15, 1968, DUE AUGUST 15, 1974

which we filed pursuant to the provisions of Treasury Department Circular No. 6-68, Public Debt Series, dated August 1, 1968, we have received your notice of allotment stating that the Secretary of the Treasury has allotted securities to us in the amount of—

$and, as requested, we send you the following instructions:

Deposit has been made—By check or cash ..................................................................................................... $..............................By maturing 3% % Treasury Bonds of 1968 ................................................... $.............................. (par amount)By maturing 4*4% Treasury Notes of Series C-1968 .................................... $.............................. (par amount)

Balance due, if any—□ By charge to our reserve account, which you are authorized to make □ By check Q By cash□ By credit to Treasury Tax and Loan Account on our books as indicated on the attached Advice of Deposit.

S%% Treas. Bonds 4'/*% Treas. NotesBy maturing securities— of 1968 Series C-1968

Delivered to you herewith................................ .......................... $................................ $.............................;To be withdrawn from safekeeping with y o u .......................... $................................ $................................To be delivered b y ........................................................................ $................................ $............................

Total ...................................................................................... $................................ $................................

If payment for the notes allotted is by maturing securities, pay the discount of $3.80 per $1,000 on the issue price; of the new securities, as follows:

□ By check □ By credit to our reserve account

If the amount of maturing securities delivered is in excess of the amount of new securities allotted, redeem excess amount indicated below in accordance with Form G.B.311 (Request for Redemption of Bearer Securities).

Excess amount of maturing securities to be redeemed ................................ $................................(use Form G.B.311)

B E A R E R SECU RIT 1ES D ESIRED (For REG ISTERED securities—use only reverse side)

8Denomi­nation Face amount (Leave this space blank)

$ 1,000

5,000

10,000

100,000

1,000,000

T O T A L

Dispose of securities issued, as follows:□ 1. Deliver over the counter to the undersigned□ 2. Hold in safekeeping (for member bank only)**□ 3. Hold as collateral for Treasury Tax and Loan Account*□ 4. Ship to the undersigned□ 5. Special instructions:

* I f this item is ch eck ed , the undersigned certifies that the allotted securities w ill be ow ned solely by the undersigned.

( IM P O R T A N T : No changes in de livery instructions will be a cce p te d .)

This letter of instructions must be signed Submitted by

afficially in the space provided and re­turned immediately to

Title

Bv(Please print)

B v ................

Federal Reserve Bank of New York,Fiscal Agent of the United States.

(Authorized sitfnature(s) required)....................... Title ..............

A d d r e s s ..................................................................................................................

(Spaces below are for the use o f Federal Reserve Bank o f New Y ork)

Government B ond Division S a fe k e e p in g D iv is io n

Received Checked Cancelled

deliver against payment o f $ ........................................... Delivered ..................

D E L IV E R Y RE C E IPT

deceived from Federal Reserve Bank o f New York, Fiscal Agent o f the United States, the above-described securities allotted in the amount ndieated above.

)ate................................. Subscriber...................................................................................... By.........................................................................

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Schedule for Issue of Registered Securities

Name in which securities shall be registered, taxpayer identifying number (Social Security Account Number or Employer Identification Number),

and post-office address for interest checks and other mail.(Please print or typewrite)

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Amount

(Indicate under appropriate denominations, number of securities desired.)

$ 1,000 15,000 $10,000 $100,000 $1,000,000

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address....

Name.......

Ident. No.

Address...,

( I f registered securities are not to be sent to the registered owner, give mailing instructions below.)

Mail registered securities to

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

6ALLOTMENT NOTICE FOR GOVERNMENT BOND DIVISION

Subscription ..................... $ (par amount) of-UNITED STA TES OF AM ERICA 5 % PERCENT TREASURY NOTES OF SERIES B-1974 D ATED AND BEARING INTEREST FROM AU G U ST 15, 1968, DUE AU GU ST 15, 1974

Allotment............................$

D E PO SIT

leek or C a s h .....................................................................................................

S4% Treasury Bonds o f 1968 .............................................................................. $.

4 % Treasury N otes Series C-1968

ccess amount Treasury Bonds o f 1968 to be red eem ed .................. $_

ccess am ount Treasury N otes Series C -1968 to be redeemed . . . .

:cess cash payment to be refunded ...................................................... $.

.lance due Treasury

PA Y M E N T

eck or Cash ...................................................................................................

easury Bonds o f 1968

3asury N otes Series C-1968

ierve Account ............................................................................................... $----------------

sasury Tax and Loan Account

ance

D I S P O S I T I O N

Over Counter

Safekeeping

T. T. & L.

Ship

Special Instructions

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

7ALLOTMENT NOTICE FOR SECURITIES DEPARTMENT

Subscription ...................... $ (par amount) of-UNITED STATES OF AM ERICA 5 % PERCENT TREASU RY NOTES OF SERIES B-1974 D ATED AND BEARING INTEREST FROM AU G U ST 15, 1968, DUE AU G U ST 15, 1974

Allotment

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RELOCATION OFFICE

8

Subscription ...................... $ (par amount) of—UNITED STATES OF AM ERICA S % PERCENT TREASURY NOTES OF SERIES B-1974 D ATED AND BEARING INTEREST FROM AUGUST 15, 1968, DUE AUGUST 15, 1974

Allotment

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis