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CIRCULAR No.

173

FEDERAL RESERVE BANK
OF N E W YORK
SECURITIES DEPARTMENT

June 10, 1919

REDEMPTION OF
UNITED STATES TREASURY 4J^% CERTIFICATES OF INDEBTEDNESS
BEFORE MATURITY
To ALL BANKS, TRUST COMPANIES, SAVINGS BANKS, BANKERS, INVESTMENT HOUSES
AND PRINCIPAL CORPORATIONS IN THE SECOND FEDERAL RESERVE DISTRICT,
DEAR SIRS:

On June 9, 1919, Secretary Glass made the following public statement:
"The Secretary of the Treasury has authorized the Federal reserve
banks on and after Tuesday, June 10th, and, until further notice, to redeem in cash before maturity at par and accrued interest to the date of
redemption, Treasury certificates of indebtedness of any and all series maturing on or before July 1, 1919, and not overdue, at the holder's option.
This action is made possible by the very large payments, approximately $3,500,000,000, received to date on account of subscriptions to
the Victory Liberty Loan.
I take this occasion to repeat that there has been no change whatever in the Treasury's plans for future government financing which were
stated on April 14 in the official announcement of the amount and terms
of the Victory Liberty Loan."
The certificates referred to are as follows:
"BOND" CERTIFICATES
Series
5-D
5-E

Date of Issue
January 16, 1919
January 30, 1919

Date of Maturity
June 17, 1919
July 1,1919

"TAX" CERTIFICATES
T-2
T-3

January 16, 1919
March 15, 1919

June 17, 1919
June 16, 1919

The Federal Reserve Bank of New York as fiscal agent of the United States will redeem
these certificates in accordance with the above instructions.




Yours very truly,
R. H. TREMAN,

Deputy Governor.

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