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FEDERAL RESERVE BANK O F NEW YORK Fiscal A g en t o f the U nited States f Circular No. 3 9 4 6 J L February 13, 1953 N OTICE OF CALL F O R RED EM PTIO N 2 P E R C E N T T R E A S U R Y BONDS O F 1953-55 To all Banks and Others Concerned in the Second Federal Reserve D istrict: F ollow in g is the text o f a press release concerning a public notice o f call issued b y the S ecreta ry o f the T rea su ry: R E L E A S E M O RN IN G N E W S P A P E R S , F riday, February 13, 1953. Secretary o f the Treasury H um phrey announced today that all outstanding 2 percent Treasury B onds o f 1953-55, dated October 7, 1940, due June 15,1955, are called fo r redemption on June 15, 1953. There are now outstanding $724,677,900 o f these bonds. The bonds o f this issue are being called at this time because o f the partially tax-exempt attributes they carry. Two issues o f 2 percent Treasury Bonds o f 1952-54, the 2 percent Treasury Bonds o f 1951-55, and the 2^4 percent Treasury Bonds o f 1952-55, which are also callable on June 15, 1953, w ill not be called fo r redemption on that date. The text o f the form al notice o f call is as follow s: T W O P E R C E N T T R E A S U R Y B O N D S O F 1953-55 (D A T E D O C T O B E R 7, 1940) N O T IC E O F C A L L F O R R E D E M P T IO N To H olders o f 2 p ercen t Treasury Bonds o f 1953-55, and Others C oncerned: 1. P ublic notice is hereby given that all outstanding 2 percent Treasury Bonds o f 1953-55, dated October 7, 1940, due June 15, 1955, are hereby called fo r redemption on June 15, 1953, on which date interest on such bonds w ill cease. 2. H olders o f these bonds may, in advance o f the redem ption date, be offered the privilege o f exchanging all or any part o f their called bonds fo r other interest-bearing obligations o f the United States, in which event public notice will hereafter be given and an official circular governing the exchange offering w ill be issued. 3. F u ll inform ation regarding the presentation and surrender o f the bonds fo r cash redemption under this call w ill be foun d in Departm ent Circular No. 6 6 6 , dated J u ly 21, 1941. G. M. H u m p h r e y , Secretary o f the Treasury. TREASURY DEPARTM ENT, W ashington, February 13, 1953. A dditional copies o f this circular w ill be furnished upon request. A llan S p r o u l ,, P resident.