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FEDERAL RESERVE BANK
OF N EW YORK
Fiscal Agent of the United States

r Circular N o. 3 5 1 5 "1
L N ovem ber 30, 1949 J

ANNOUNCEMENT REGARDING NEW TREASURY OFFERINGS

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

The following announcement by the Secretary of the Treasury was
given to the press this afternoon:
The subscription books will open on Monday, December 5, for the exchange
of a series of certificates of indebtedness maturing December 15j 1949, and three
series of Treasury bonds called for redemption on December 15,1949. The certifi­
cates are outstanding in the amount of $519,153,000 and the three Treasury bond
issues are outstanding in the aggregate amount of $4,375,100,150.
Holders of these securities will be offered a four and one-quarter-year one
and three-eightlis percent Treasury note in exchange.
Secretary Snyder also announced that holders of the certificates of indebted­
ness which will mature January 1, 1950, will be offered a one-year one and oneeighth percent certificate of indebtedness in exchange.

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