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FEDERAL RESER VE BANK OF NEW YORK Fiscal A g en t o f the U nited States r Circular N o. 3 5 5 7 1 M ay S, 1950 J L ANNOUNCEMENT REGARDING NEW TREASURY OFFERINGS To all Banking Institutions, and Others Concerned, in th e Second Federal R eserve D istrict: The following announcement by the Secretary o f the Treasury was released for publication on May 4,1950: Secretary o f the Treasury Snyder announced today that owners o f the one and one-quarter percent Treasury certificates o f indebtedness maturing June first and J u ly first would be offered new thirteen-month one and one-quarter percent Treasury notes, dated on these respective dates, in exchange fo r each o f these issues. The June first certificate m aturity amounts to $5,019 million. The J u ly first m aturity is $5,601 million. Form al announcements o f these offerings w ill be made at later dates. Additional copies o f this circular will be furnished upon request. A llan S proul, President.