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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.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102