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F E D E R AL R E SE R V E BANK
OF N E W YORK
Fiscal A gen t o f the U nited States

C ircu la r N o . 15 7 4
A u g u s t 28. 1951

[
T R E A S U R Y F IN A N C IN G

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

Secretary o f the Treasury Snyder has announced that holders of
the 3 percent Treasury Bonds o f 1951-55, in the amount of $755,429,000,
called for redemption on September 15,1951, and holders o f the 1^4 per­
cent Treasury Notes o f Series A-1951, in the amount o f $1,918,367,000,
maturing October 1, 1951, will each be offered an eleven-month l 7 per­
/g
cent certificate of indebtedness to be dated September 15 and October 1,
respectively.
The subscription books will open on Tuesday, September 4, for the
exchange o f the Treasury Bonds o f 1951-55, called fo r redemption on
September 15. The subscription books will open on Tuesday, Septem­
ber 18, for the exchange of the Treasury Notes of Series A-1951,
maturing October 1.




Additional copies of 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