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FEDERAL RESERVE BANK OF N EW YORK Fiscal A gent of the United States r Circular No. 3 3 9 4 ~ I L November 16, 1948 J ANNOUNCEMENT REGARDING TREASURY FINANCING To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: Following is the text of a public announcement made by the Secretary of the T reasury on November 16, 1948: Secretary of the Treasury Snyder announced today that holders of the Treasury notes and certificates of indebtedness which will mature on January 1, 1949, will be offered a one-year l 1 percent certificate of indebtedness. The maturing securities are the Series A-1949 notes and ^ the Series A-1949 certificates of indebtedness, now outstanding in the aggregate amount of $6,126,729,000. At the same time, the Secretary stated that holders of the 2 percent Treasury Bonds of 1948-50, outstanding in the amount of $571,431,150, which have been called for redemption on December 15, 1948, will be offered a one-year l 1 percent certificate of indebtedness. /^ Full details will be announced later. A dditional copies of this circular will be furnished upon request. A llan S proul, President.