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F E D E R A L R E S E R V E BANK O F NEW YORK Fiscal Agent of the United States J" Circular N o. 3 4 8 6 "I L A u gu st 23, 1949 ANNOUNCEMENT REGARDING NEW TREASURY OFFERINGS To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: The following announcement by the Secretary of the Treasury was released for publication on August 22, 1949: Secretary Snyder announced today that the Treasury will offer on Wednes day, August 31, a 1Ys percent one-year certificate to refund the 2 percent bonds called for redemption on September 15, 1949. He also said that a new certificate of indebtedness would be offered to refund the certificates maturing on October 1, 1949; and that a Treasury note would be offered in connection with the refunding of the Treasury bonds called for redemption on December 15, 1949. Additional copies of this circular will be furnished upon request. A llan S prou l, President. J