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FED ERAL RE SE R V E BANK
OF NEW YORK
Fiscal A gen t o f the U nited States

r Circular No. 3 6 4 1 "1
L January 9, 1951
J

TRANSACTIONS IN MARKETABLE SECURITIES
OF THE UNITED STATES

Revision of Operating Circular No. 17

To all Banking Institutions, and Others Concerned,
in the Second Federal R eserve D istrict:

W e transmit herewith a copy of Operating Circular No. 17, Revised
January 9,1951, entitled ‘ ‘ Transactions in Marketable Securities o f the
United States,” which takes account o f the Treasury Department’ s
current procedures and requirements involving the issue, exchange,
transfer and redemption of Treasury bonds, notes, certificates of
indebtedness and bills. W e suggest that you refer to the revised operat­
ing circular in connection with your transactions with this Bank involv­
ing such securities.
Additional copies of the revised operating 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