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FED ERAL RE SE R V E BANK
O F NEW YORK
Fiscal A g en t o f the U nited States

r Circular No. 3 9 8 8 T
L
June 18, 1953
J

Appendix to Operating Circular No. 17
First Supplement to Operating Circular No. 17

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

E nclosed is a co p y o f the A ppendix, dated June 18, 1953, to
O perating Circular N o. 17. It lists the series o f T reasury bonds that
m ay be redeem ed at p a r to p a y F ederal estate taxes, and sets forth the
conditions the T rea su ry D epartm ent im poses on the redem ption o f
those bonds fo r that purpose. The A ppen d ix incorporates inform ation
previously set forth in our Circular N o. 3722, dated June 18,1951, which
is now su perseded; it also includes new m atter resulting fro m a later
amendment b y the T reasury to the provisions governing the redem p­
tion o f bonds at par. F inally, it includes in the list o f bonds that m ay
be redeem ed at par the recent issue o f 3^4 per cent bonds o f 1978-83,
dated M ay 1, 1953.
A lso enclosed is a cop y o f the F irst Supplement, dated June 18,
1953, to O perating Circular No. 17, which amends paragraphs 22 and 23
o f the operating circular as stated therein.
A dditional copies o f the A ppen d ix and o f the F irs t Supplem ent
w ill be furnished upon request.




A

llan

S proul,

President.

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