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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

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