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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.

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