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FED ERAL RESER VE BANK OF NEW YORK Fiscal Agent of the United States rC ircu lar N o. 3 7 0 0 1 M ay 8, 19S1 L TREASURY FINANCING Press Statement To all Banks, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today: Secretary of the Treasury Snyder announced today that on May 1 , 4 1951, he w l c l for redemption the 3 percent bonds of September 1 , il al 5 1951-55, which are outstanding in the amount of $755 m l i n The 2 ilo. percent bonds of 1951-53, which are a s c l a l on September 1 , 1951, lo albe 5 w l not be c l d for redemption on that d t . il a le ae Secretary Snyder a s stated that beginning on May 1 , he w l o f r lo 5 il fe for continuous subscription a new s r e of Treasury Savings n t s These eis oe. notes w be similar t the s r e now being o f r d except that the i t r s ill o eis fee, neet return w l run from 1.44 percent i the notes are held for s x months or il f i l s , t 1 percent i the notes are held for the f l 3-year term. e s o .88 f ul Further d t i s with respect t t i offering w l be announced l t r eal o hs il ae. Additional copies o f this circular will be furnished upon request. A llan S proul, President. J